Time Technoplast Limited · NSE:TIMETECHNO

Time Technoplast — Investor Presentation (February 2020)

32 slides from Time Technoplast's investor presentation, Feb 19, 2020

  1. Slide 1: Analyst Meet

    Analyst Meet February 2020 BSE: 532856 | NSE: TIMETECHNO | ISIN: INE508G01029 | CIN: L27203DD1989PLC003240 ©2020, Time Technoplast Ltd., All Rights Reserved

  2. Slide 2: Time Techno at a Glance

    Time Techno at a Glance Revenues by Product Category (FY19) FY19 Financial Highlights 3% 5% REVENUES EBITDA PAT 11% 15% ₹35,670mn 11% ₹5,267mn 12% ₹2,027mn 3% Packaging Worldwide 5% Batteries Plastic Drums, Jerry cans, Pails 5% 58% 2nd Largest 10% Largest 3rd Largest Large size Plastic Composite Cyl

  3. Slide 3: Management Team

    Management Team Mr. Anil Jain Mr. Bharat Vageria Managing Director Whole Time Director, Finance Degrees in Science, Engineering from Punjab Degree in Commerce and a Fellow of Institute of University and Business Management from Delhi Chartered Accountants (FCA) with over 35 years of University with

  4. Slide 4: Key Milestones

    Key Milestones 1992 - 2000 2001 - 2006 2007 - 2010 2011 - 2019 Turnover ₹1 Bn ₹5 Bn ₹10 Bn ₹15 Bn ₹36 Bn 1999 2008 2010 2012 2019  Incorporated Pvt. Ltd.  Launched Automotive  Got listed on NSE & BSE  Green field Company related Products manufacturing set up  Entered into battery overseas - Bah

  5. Slide 5: Global Marquee Customers

    Global Marquee Customers © 2020 Time Technoplast Limited, All Rights Reserved. 5

  6. Slide 6: Geographical Presence

    Geographical Presence Manufacturing Presence in 11 Countries Jammu 20 Manufacturing locations in India to meet local demand Baddi Pant Nagar Bhuj INDIA USA Bahrain Taiwan Ahmedabad Egypt Ratlam UAE India Thailand Panoli Kolkata Saudi Arabia Vietnam Jambusar Daman (U.T) Talasari Silvassa Malaysia Ind

  7. Slide 7: Value-Added Products

    Product Portfolio Brand Revenue Share – FY19 Drums & Jerry Cans Conipack Pails HDPE Pipes DWC Pipes Energy Storage Containers Devices Product Established Products Established Products Brand 81% Rain Flaps Fuel Tanks Mats Product 19% Value-Added Value-Added Products Products Brand Product Composite C

  8. Slide 8: Strategic Direction towards Value Added Products

    Strategic Direction towards Value Added Products Established Products* Value Added Products* Revenue Share Revenue (₹ Mn) Revenue (₹ Mn) Revenue Share – FY17 EBITDA Margins (%) Established Products EBITDA Margins (%) Value Added Products 13% 14.6% 18.6% 6,636 14.3% 29,033 18.6% 5,521 25,528 23,870 1

  9. Slide 9: Established Products

    Established Products Industrial Packaging  Polymer drums / barrels, Jerry cans and Pails for varied packaging requirements.  Over 900 institutional customers  Largest manufacturer of Industrial Packaging in Asia and MENA Region  Increasing strategic tie-ups with MNCs across different countries d

  10. Slide 10: Established Products

    Established Products High Density Polyethylene (HDPE) Pipes & Double Wall Corrugated (DWC) Pipes Infrastructure  HDPE pipes are capable of handling semi-solid &  Double layer Pipe with outer layer having gaseous effluents and has unmatched resistance corrugation and inner layer with a smooth surfa

  11. Slide 11: Value Added Products

    Value Added Products IBC’s Market Size (Mn Units) 1.9 Mn Intermediate 11.5 Mn 2.2 Mn 0.3 Mn Asia 84% 16% 86% 14% Bulk Containers - IBC Rest of World Rest of Asia India Range:  1,000 Ltr capacity  2.7 Lakh units p.a. in India and Capacity:  8.4 Lakh units p.a. overseas Users:  Petrochemicals, Foo

  12. Slide 12: Value Added Products

    Value Added Products Composite Cylinders Range:  2 kg – 22 kg capacity (largest in the world) Capacity:  1.4 Mn units p.a. Users:  Household, Industrial, Trawlers, Caravans, BBQ Features:  Explosion Proof, Non-Corrosive, Light and Efficient, and Low Maintenance.  Received approvals in over 48 c

  13. Slide 13: Value Added Products

    Value Added Products MOX Film Range:  35 to 320 GSM thickness Capacity:  12,000 MT p.a. Users:  Agriculture, Infrastructure, Packaging, Commercial Vehicles and many more Features:  Tear/Puncture Resistant, 100% Waterproof, Weathering UV and Chemical Resistant  The size of agricultural films is

  14. Slide 14: Value added products – New development

    Value added products – New development New Generation PU Cylinders The new LPG Cylinder is TYPE IV composite cylinder with PU (Polyurethane) casing. With a brand-new compact design, the LiteSafe Elite Cylinder is known for its reliability & durability. Capacity:  5 Kg, 6 Kg & 10 Kg  Barbeque (BBQ)

  15. Slide 15: Value added products – New development

    Value added products – New development Composite Air Tanks *Important Note 8-10 Bar 12-14 Bar 48 Bar Meets International Standards! Operating pressure Test Pressure Burst Pressure  Air tanks for vehicle air brake system for commercial vehicles  Time Tech. tanks are constructed designed with thermo

  16. Slide 16: Value added products – New development

    Value added products – New development Parts under development DEF (Urea) Tanks 33 Ltrs 27 Ltrs 19 Ltrs Capacity Capacity Capacity Diesel Exhaust Fluid dispenser tank are now offered from Blow mould process for Commercial Vehicle segment!  Diesel Exhaust Fluid (DEF) dispenser tanks are designed to

  17. Slide 17: Value added products – New development

    Value added products – New development CNG Type IV Composite Cylinder for Automotive ON BOARD APPLICATION CASCADES Cylinder Size (water capacity in Ltrs) 30 60 65 75 156 75 156 Cylinder weight 9 14 17 23 38 26 45 Cylinder Diameter 265 360 360 263 387 266 392 Cylinder Length 737 834 981 1815 1673 181

  18. Slide 18: Applications

    Applications 1. Passenger OEs and Conversion kits 2. Bus - OEs and Conversion kits  Composite type 4 tank for a CNG busses  Volume: 60 to 156 Ltr (water volume)  Size: 1700 mm × 410 mm  Water Volume: 30, 60, 65L  Weight: 56 kg  Operating pressure: 200 bar  Service pressure: 207bar  Test Pres

  19. Slide 19: Value added products – New development

    Value added products – New development Composite Leaf Springs Required Actual Deflection Load (Kg) Deflection (mm) (mm)  Small and Light Commercial Vehicles 220 kg 55 54  Medium Commercial Vehicles (Set and combination) 328 kg 82 81  Heavy Commercial Vehicles (Set & combination) 408 kg 102 101 

  20. Slide 20: Value added products – New development

    Value added products – New development Composite Propeller & Drive Shafts STEEL COMPOSITE Carbon Fiber  Suitable for Passenger Car drive shafts Shaft 2.72 Kg 0.5 Kg  Suitable Commercial Vehicles propeller shafts  Carbon Fibre (composite) drive shafts have a Adaptor NA 0.21 Kg (2 Nos.) torsional s

  21. Slide 21: Value added products – New development

    Value added products – New development CNG CASCADES for Gas distribution in remote areas CNG Type IV Composite Cylinder for Cascades Cascade Capacity  4992 Ltrs Individual Cylinder Size  156 ltrs No. of cylinders  32 Cascade Size (LxWxH)  4000 X 2100 X 2100 MM © 2020 Time Technoplast Limited, Al

  22. Slide 22: Value added products – New development

    Value added products – New development TTL upgrades System - Proposes Type 4 Cylinders Type 4 Cylinders  Reduction in weight by 70%  Weight reduction can be used to increase driving range with additional capacity  Avoid mid day refueling  Double storage capacity  Can be used to add on 9-10 pass

  23. Slide 23: Indian Transit Bus – Replacement for Type I

    Indian Transit Bus – Replacement for Type I Composite cylinders Metal cylinders © 2020 Time Technoplast Limited, All Rights Reserved. 23

  24. Slide 24: Value added products – Future development

    Value added products – Future development Mobile Pipeline for Bulk GAS transport & storage Module 40 Ft. Size Mobile Pipelines Gas Fills 15,700 kg Length 12.19 mtrs.  For bulk transportation of LNG/CNG for industrial & commercial applications Operating 250 bars Width 2.44 mtrs. Pressure Burst Press

  25. Slide 25: Q3-FY20 Key Financial Highlights (Consolidated)

    Q3-FY20 Key Financial Highlights (Consolidated) Particulars (INR Mn) Q3-FY20 Q3-FY19 Y-o-Y Growth Total Income 9,237 8,729 5.8% EBITDA 1,341 1,261 6.3% EBITDA Margins(%) 14.52% 14.45% 7 Bps PAT 485 542 (10.5)% PAT Margins(%) 5.25% 6.21% (96) Bps Cash Profit 901 844 6.8% Volume Growth 10% Note: PAT o

  26. Slide 26: 9M-FY20 Key Financial Highlights (Consolidated)

    9M-FY20 Key Financial Highlights (Consolidated) Particulars (INR Mn) 9M-FY20 9M-FY19 Y-o-Y Growth Total Income 26,632 24,825 7.3% EBITDA 3,822 3,547 7.8% EBITDA Margins(%) 14.35% 14.29% 6 Bps PAT 1,308 1,291 1.3% PAT Margins(%) 4.91% 5.20% (29) Bps Cash Profit 2,540 2,404 5.7% Volume Growth 11% Note

  27. Slide 27: 9M-FY20 Highlights

    9M-FY20 Highlights Total Income (₹ Mn) EBITDA (₹ Mn) Revenue Share - 9M-FY20 Established Products Value Added Products 26,632 3,822 24,825 YoY Growth 3,547 YoY Growth 20.0% 80.0% 9M-FY19 9M-FY20 9M-FY19 9M-FY20  Revenue growth achieved: 7% (India: 8%; Overseas: 6%)  Volume growth achieved: 11% (In

  28. Slide 28: 9M-FY20 Operational Highlights

    9M-FY20 Operational Highlights • Capacity utilization: Overall 82% (India – 85%; Overseas – 75%) • Total capex in 9M-FY20: INR 1,065 Mn Established Products for capacity expansion, re-engineering and automation: INR 750 Mn Value Added Products: INR 315 Mn Pipes • Healthy Order Book continues in our

  29. Slide 29: Polymer and Composite Products

    Polymer and Composite Products Polymer Products* Composite Products** Revenue Share Revenue (INR mn) Revenue (₹ Mn) Revenue Share- 9M- FY19 EBITDA Margins (%) EBITDA Margins (%) Polymer Products Composite Products YoY Growth 18,724 YoY Growth 7,908 17,464 29.67% 7,362 70.33% 14.48% 14.49% 14.29% 14.

  30. Slide 30: Consolidated Financials Highlights

    Consolidated Financials Highlights Total Income (₹ Mn) EBITDA (₹ Mn) PAT (₹ Mn) 35,670 5,267 31,049 4,752 2,027 27,568 4,064 1,804 1,471 FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19 Total Debt To Equity (X) EPS (₹) ROCE % 0.54 8.96 7.98 16.0% 6.90 15.7% 0.52 0.50 14.7% FY17 FY18 FY19 FY17 FY18 FY19

  31. Slide 31: Investment Rationale

    Investment Rationale Enjoys Rating of “AA-“from renowned global rating company (CRISIL Ltd) for banking facilities Extensive R&D facility enabling the New products under development and Company to develop new innovative products approval process with approving authority such as a replacement for met

  32. Slide 32: Thank You

    Thank You © 2020 Time Technoplast Limited, All Rights Reserved. “Time Technoplast” and The Time Technoplast Logo are trademarks of Time Technoplast Limited. In addition to Company data, data from market research agencies, Stock Exchanges and industry publications has been used for this presentation.

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