Mold Tek Packaging Ltd · NSE:MOLDTKPAC
Mold Tek Packaging — Q4 FY2022-23 Earnings Presentation
25 slides from Mold Tek Packaging's earnings presentation, May 26, 2023
Slide 1: Disclosure on Analyst / Institutional Investor Meeting
MTPL/SECT/028/23-24 Date: 26th May, 2023 The Secretary, The Manager, Listing Department, Listing Department, National Stock Exchange of India Limited, BSE Ltd., Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, G Block, Bandra Kurla Complex, Dalal Street, Fort, Mumbai-400001. Bandr
Slide 2: FY 2022-23 Business Report
FY 2022-23 (BSE: 533080; NSE:MOLDTKPAC) BUSINESS REPORT MAY 03, 2023 www.moldtekpackaging.com
Slide 3: Table of Contents
Table of Contents Business Overview Moldtek Packaging Limited Business Report for Quarter 4 & FY2022-23 Future Roadmap Project Updates Client Updates Financial Performance CSR Activities 2
Slide 4: Moldtek Snapshot
Moldtek Snapshot Established in 1986, one of the leading players in rigid plastic packaging in India. Publicly listed in 1993 YEARS OF Manufactures injection molded containers for lubes, paints, food 35 EXPERIENCE &other products 10 UISONCERTIFIED 10 Manufacturing Units, 2 stock points PAN India. I
Slide 5: Innovations to Surge ahead
FOOD PACKAGING Constant Innovation Pioneers in launching newer & better designs First to introduce • Plastic pails for paints & lubes in India • IML Decoration – Photo realistic & Hands-free • In-house robots & label – Most cost effective Flexibility Change your design at ease Innovations to • In-ho
Slide 6: Business Strategy
Continuous Focus on Innovation Continue to invest in research We recognize the importance of continued to develop new products innovation in packaging products to cater the needs of various customers. As part of Focusing on R&D with new features , our efforts, we have been continuously more efficien
Slide 7: Paint Packaging
▪ Paint Pails in 8th GEN molds – Better performance all round from 1 to 20 lts PAINT PACKAGING ▪ Capacity expansion for APIL at Vizag & Mysore ▪ New Paint company considering us preferred partner status for pails Spout Lid ▪ Amongst the few companies which has got a ‘green channel clearance’ from As
Slide 8: Lubes Packaging
▪ Range of lubricant pails over various quantity levels ranging from 5ltr-25ltr LUBES PACKAGING ▪ DEF new pack drives good growth over last quarter ▪ Long term contracts with giants like Gulf, Shell & many others CCD Lid Flat Lid Moldtek Packaging Limited 8
Slide 9: Food Packaging
FOOD PACKAGING ▪ The company added many major customers in Food & FMCG ▪ Plans to add customers in new geographies – especially around Panipat & Daman ▪ Both our plants in Panipat & Daman will have F&F capacities Moldtek Packaging Limited
Slide 10: Dispensing Pumps
DISPENSING PUMPS LOCKDOWN DISPENSING PUMPS TWIST & LOCK DISPENSING PUMPS Moldtek Packaging Limited 9
Slide 11: Future Roadmap & Plans
The company has significant growth plans in the next 2-3 years Future Roadmap & Plans with focus on high value adding products through both product & geographical expansion Injection Digital Expansion Packaging Blow Molding IBM with clean room New Products, Plants Variable QR manufacturing & Industr
Slide 12: Injection Blow Molding Project Update
Injection Blow Molding Project Update PROJECT PROGRESS Implementation is in full swing and on target with all departments involved ❖ Infrastructure ❖ Building for phase 1 is completed. Food and FMCG commercial Regulated FMCG & Domestic production has started. Pharma Cosmetics Pharma ❖ Molds, Machine
Slide 13: Digital IML
Digital IML Unique QR coded IML with partially peel-able feature gives tremendous scope to customers PROJECT PROGRESS Moldtek supplies each container with 2 unique QR codes – one on the surface and Customer’s response is another under the peel off. Top QR provides Unique identity while beneath QR gi
Slide 14: Some of Our Customers in Food, FMCG, Pharma, Paint & Lubricant
SOME OF OUR CUSTOMERS IN FOOD, FMCG & PHARMACEUTICAL, PAINT & LUBRICANT INDUSTRIES
Slide 15: Customers Added in Q4
Customers Added in Q4 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 82 930 800 New Food & New designs New SKUs FMCG customers processed for our proces
Slide 16: Key Financial Highlights – FY2023
Key Financial Highlights – FY2023 Snapshot +16 % • Excellent annual volume growth Revenue of 16.3% achieved INR 631.47cr to INR 729.92cr FY22 vs FY23 • Highest profit achieved +12 % +26 % Revenue EBIDTA PAT The Company recorded a total revenue of INR 729.92 Cr. in INR 122.25Cr to INR 63.66cr to FY23
Slide 17: Key Financial Highlights – Q4
Key Financial Highlights – Q4 Snapshot Finacial Performance & Highlights +4 % Revenue INR 177.92cr to INR 184.70cr Revenue Q4 vs Q4 The Company recorded a total revenue of INR 184.70cr in Q4, compared to INR 177.92 cr in last year Q4 – Growth of 4%. +11 % +32.81 % In Volume terms total tonnage of 90
Slide 18: Profit & Loss Statement
Profit & Loss Statement PARTICULARS IN (RS. CRORE) Q4 FY23 Q4 FY22 Q4oQ4 % Q3 FY23 Q4oQ3 % FY23 FY22 YoY % Revenue 184.70 177.92 4% 154.83 19% 729.92 631.47 16% Other Income 0.82 1.05 -22% 0.42 95% 1.38 1.56 -12% Total Expenditure 149.08 146.15 2% 126.41 18% 594.48 510.78 16% Material Cost 107.52 11
Slide 19: Customer Segment Analysis
Customer Segment Analysis 0.2% 11.91% 25.96% 4676 4686 2396 3796 1986 1577 1623 2141 2131 Rs.92.97 Rs.71.87 Rs.85.32 Rs.42.73 Rs.39.82 Rs.43.35 Rs.42.22 Rs.42.76 Rs.52.84 Paints Lubes Food & FMCG Q4FY'22 Q3FY'23 Q4FY'23 Q4FY'22 Q3FY'23 Q4FY'23 Q4FY'22 Q3FY'23 Q4FY'23 Revenue breakdown for major segm
Slide 20: Capacity Utilisation
Capacity Utilisation UNIT Capacity in MT Production Utilisation (%) Unit I 13850 10864 78% Unit II 3750 2604 69% Unit III 9700 7188 74% Unit IV 1250 832 67% Unit VII 5040 3088 61% Unit VIII 5400 4990 92% Unit IX 4800 4668 97% Unit XI 1500 617 41% TOTAL 45290 34851 77% VI (Film) 750 579 77% 19
Slide 21: Capacity Expansion
Capacity Expansion THIN-WALL BULK PACKS IBM+Pharma IML LABELS TOOL ROOM • 2000 MT added • Panipat, • 2000MT will be • IML • Per month in sulthanpur Cheyyur setup and commercial Sulthanpur, capacity capacity production plants in doubled to increased to Hyderabad commenced in planning 4.5 cr labels 7
Slide 22: Leverage Position
LEVERAGE POSITION Particulars in Cr. Mar-23 Mar-22 Short term Debt 21.90 7.32 Long Term Debt 13.46 25.37 Current Maturities 11.91 11.32 Total Debt 47.27 44.01 Cash & Cash Equivalents 4.88 4.12 Net Debt 42.39 39.89 Equity 558.69 457.10 Net Debt/ Equity 0.07 0.09 21
Slide 23: Ratios – Last 5 Years
RATIOS – LAST 5 YEARS FY2023 FY2022 FY2021 FY2020 FY2019 AVG RM Price 110.06 119.41 93.24 85.57 94.62 Sale Tonnage 34014 29250 26293 24262 21544 Growth % 16.29 11.25 8.37 12.62 11.52 EBITDA In Cr. 136.82 122.92 96.56 81.2 73.04 EBITDA Per KG 40.24 41.78 36.72 33.47 33.90 EBITDA Margin (%) 18.75 19.3
Slide 24: Capacity Expansion FY23
Capacity Expansion FY23 130 79 42 50 46 32 Capacity FY18 FY19 FY20 FY21 FY22 FY23* PROJECT SPENT AMOUNT IN CR. SULTANPUR (PHARMA & TW) 51 Land (Daman-2, Cheyyar) 08 LABEL (PRINTING & CUTTING) 11 TOOL ROOM 5 ADDING CAPACITY TO EXISTING PLANTS 55 TOTAL 130
Slide 25: Thank You
THANK YOU
Mold-Tek Packaging — Q4 FY2022-23 Earnings Presentation on 6ix