Mold Tek Packaging Ltd · NSE:MOLDTKPAC
Mold Tek Packaging — Q3 FY2023 Earnings Presentation
27 slides from Mold Tek Packaging's earnings presentation, Feb 6, 2023
Slide 1: Outcome of Board Meeting letter
~¢i.,!.a~ MOLD-TEK Packaging limited (Formerly known as Moldtek Plastics Ltd.) Date: 6th February, 2023 The Secretary, The Manager, Listing Department, Listing Department, National Stock Exchange ofIndia BSE Ltd., Limited., Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/l , Dalal S
Slide 2: Letter closing and signature
4",.,!.idi MOLD-TEK Packaging limited (Formerly known as Moldtek Plastics Ltd.) The detailed press release pertaining to the financial results is also enclosed herewith for your record. Thanking you, J. Lakshmana Rao (Chairman & Managing Di recto r) DIN: 00649702 Encl: a/a Corporate Office: Plot # 7
Slide 3: Statement of Unaudited Financial Results Q3 and 9M
• • 4 MOLD-TEK PACKAGING LIMITED Registered Office: Plot No.700, 8-2-293/82/A/700 Road No.36. Jubilee Hills, Hyderabad - 500033, Telangana. CIN : L21022TG1997PLC026542 STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER & NINE MONTHS ENDED 31 DECEMBER, 2022 , In lakhs ex.cept for EPS Quarter En
Slide 4: Independent Auditor's Review Report
M.ANANDAM & CO., CHARTERED ACCOUNTANTS Independent Auditor's Review Report on the Quarterly Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Review Report to The Board of Directors Mold-Tek Packag
Slide 5: Press Release: Volume up 19.64% and PAT up 23.95% for 9M
MO O-TEK Packaging Limited Press Release (Formerly known as Moldtek Plastics Ltd.) Date: 06.02.2023 VOLUME UP BY 19.64% & PAT UP BY 23.95% FOR 9M Financial Highlights: Q3 FY'23 .:. Volume up by 19.64% for 9M and up by 2.95% Q3 on Q3 .:. PAT up by 23.95% for 9M and dip by 2.12% Q3 on Q3 .:. Net Reven
Slide 6: Digital IML and Other Developments
DIGITAL IML: The Company successfully established & started supplies of this new-age, unique code based IML Packaging to M/s Shell for one of their brands. . This QR-IML offer complete trace-ability, anti- counterfeiting, dynamic promotions, channel based deals, customer engagement and social media
Slide 7: New Customers, ABG LOI and About Moldtek
New customers: During this quarter, the Company bagged new orders from the reputed Companies like Red Bucket Biryani, Pidilite Paints, Aayu International, Iibero enterprises, Gemini Edibles, Sai Triveni Diary, Jal Acqua. etc. New Plants - received ABG LOI{ Company has received LOI from Aditya Birla
Slide 8: Quarterly Business Report Q3 & 9M FY 22-23
QUARTERLY BUSINESS (BSE: 533080; NSE:MOLDTKPAC) REPORT FEBRUARY 06, 2023 Q3 & 9M FY 22-23 www.moldtekpackaging.com
Slide 9: Table of Contents
Table of Contents Business Overview Moldtek Packaging Limited Business Report for Quarter 3, FY2022-2023 Future Roadmap Project Updates Client Updates Financial Performance CSR Activities 2
Slide 10: Moldtek Snapshot
Moldtek Snapshot Established in 1986, one of the leading players in rigid plastic packaging in India. Publicly listed in 1993 35 EXPERIENCE YEARS OF Manufactures injection molded containers for lubes, paints, food &other products 10 ISO CERTIFIED U N I T S 10 Manufacturing Units, 2 stock points PAN
Slide 11: Moldtek Packaging Vision: Encase & Hold
MOLDTEK PACKAGING – VISION BECOME A RELIABLE PACKAGING SOLUTIONS • Traditional packaging to hold and encase PROVIDER the products Not just a supplier or converter – but Encase give end-to-end solutions for our customers & Hold • Lid fitment • Custom Design Filling & • Product specific Appeal & Allie
Slide 12: Future Roadmap
Future Roadmap The company has significant growth plans in the next 2-3 years with focus on high value adding products through both product & geographical expansion Injection Digital General Blow Molding Packaging Expansion COMPANY’S UNDERLYING FOCUS High Value Adding Flexibility & Utility 'Un’-Seas
Slide 13: Key Financial Highlights – 9 Months
Key Financial Highlights – 9 Months Snapshot Finacial Performance & Highlights +20 % Revenue INR 453.54cr to Revenue INR 545.21cr 9M vs 9M The Company recorded a total revenue of INR 545.21 cr in 9M FY23, compared to INR 453.54cr in last year 9M – Growth of 20%. +12 % +23 % EBIDTA PAT In Volume Term
Slide 14: Key Financial Highlights – Q3
Key Financial Highlights – Q3 Snapshot Q3 is historically a slow quarter due to post-festival trends, further -3 % impacted by drop in Paints demand Revenue Revenue INR 160.28cr to The Company recorded a revenue of INR 154.83cr in Q3, INR 154.83cr Q3 vs Q3 compared to INR 160.28 cr in last year Q3 –
Slide 15: New-Age Developments
New-Age Developments The company is excited about multiple new projects, products and opportunities Digital IML • Major lubricant customer Shell adopted for one brand Custom Packs • 3 packs – Kisaan & Horlicks established Pharma • Iodex samples approved; commercial mold development New Plants • Sult
Slide 16: Digital IML Project Update
DIGITAL IML Project Update EVOLVING USE CASES Customers across industries are adopting Digital IML for multiple First Major Lubricant Brand – Shell launched Digital IML for one use cases. brand Order received in December, Supplies already made Traceability ACTIVE CUSTOMERS Dynamic Promos Customers a
Slide 17: Custom Packs
CUSTOM PACKS Two major custom packs established Every custom pack resulted in a significant jump in sales & continuous business for the company Kissan new jam pack for Unilever Horlicks new 1kg & 2kg SKUs molds developed & to start within few months Year 1: INR 2+ Cr Year 1: INR 5+ Cr Year 1: IN
Slide 18: New Plants
NEW PLANTS The company is working on multiple new projects & plants Sulthanpur Daman II Panipat Cheyyar Sandila FMCG (Feb) PAILS (Q4 ’24) FMCG (Q2 ’24) PAILS (Q1 ’25) PAILS (Q1 ’25) PHARMA (Q2‘24) FMCG (Q4 ’24) Block 1 – FMCG Land Procured, LOI obtained LOI obtained Land allotted. building ready. Aw
Slide 19: Some of Our Customers
SOME OF OUR CUSTOMERS IN FOOD, FMCG & PHARMACEUTICAL, PAINT & LUBRICANT INDUSTRIES
Slide 20: Customers Added in Q3
Customers Added in Q3 Encouraging customer additions Moving towards seasonal immunity This quarter, in addition to multiple new customers across industries, the company was able to re-connect with in- active customers 32 460 260 New Food & New designs New SKUs FMCG customers processed for our proces
Slide 21: Profit & Loss Statement
Profit & Loss Statement PARTICULARS IN (RS. CRORE) Q3 FY23 Q2 FY23 Q3 FY22 YoY % Q3oQ2 % 9M FY23 9M FY22 YoY % 12M FY22 Revenue 154.83 182.55 160.28 -3% -15% 545.22 453.55 20% 631.47 Other Income 0.42 0.18 0.17 147% 133% 0.72 0.5 44% 1.56 Total Expenditure 126.41 148.50 128.69 -2% -15% 445.56 364.64
Slide 22: Customer Segment Analysis Q3 on Q3
Customer Segment Analysis Q3 on Q3 17% 8% 17% 9898 40.33 43.94 42.76 39.82 86 36.54 72 36.90 Paints Lubes Food & FMCG Q3FY'22 Q2FY'23 Q3FY'23 Q3FY'22 Q2FY'23 Q3FY'23 Q3FY'22 Q2FY'23 Q3FY'23 Revenue breakdown for major segments 15
Slide 23: Capacity Utilisation
Capacity Utilisation Capacity in MT Capacity in MT in UNIT 12m 9M Production Utilisation (%) Unit I 13850 10388 8239 79% Unit II 3750 2813 2045 73% Unit III 9700 7275 5406 74% Unit IV 1250 938 651 69% Unit VII 5040 3780 2368 63% Unit VIII 5400 4050 3689 91% Unit IX 4800 3600 3081 86% Unit XI 1500 11
Slide 24: Capacity Expansion
Capacity Expansion THIN-WALL BULK PACKS IBM IML LABELS TOOL ROOM • 4700 MT will be added • 2600MT will • 2000MT will be • Doubling • Per month be added setup Sulthanpur, Sulthanpur, capacity to capacity will Daman Daman, 4.5 cr labels increase Hyderabad • Sulthanpur Vizag, per month from 4 in constr
Slide 25: Leverage Position
LEVERAGE POSITION Particulars in Cr. Dec-22 Mar-22 Short term Debt 4.59 7.32 Long Term Debt 16.37 25.37 Current Maturities 12.60 11.32 Total Debt 33.56 44.01 Cash & Cash Equivalents 2.12 4.12 Net Debt 31.44 39.89 Equity 515.63 457.1 Net Debt/ Equity 0.06 0.09 18
Slide 26: Capacity Expansion FY23
Capacity Expansion FY23 125 79 42 50 46 32 Capacity FY18 FY19 FY20 FY21 FY22 FY23* 9MFY23 SPENT ON FIXED ASSETS OVER Rs.79 CRORES ON VARIOUS PROJECTS PROJECT AMOUNT IN CR. SPENT IN CR. SULTANPUR (PHARMA & TW) 50 35 DAMAN NEW PLANT 30 6 LABEL (PRINTING & CUTTING) 17 13 TOOL ROOM 5 5 ADDING CAPACITY T
Slide 27: Thank You
THANK YOU