Time Technoplast Limited · NSE:TIMETECHNO
Time Technoplast — Q3 FY2024 Earnings Presentation
25 slides from Time Technoplast's earnings presentation, Feb 1, 2024
Slide 1: Earnings Presentation 9M/Q3 FY2024
BSE: 532856 | NSE: TIMETECHNO | ISIN: INE508G01029 | CIN: L27203DD1989PLC003240 Earnings Presentation 9M/ Q3 FY2024 ©2024, Time Technoplast Ltd., All Rights Reserved
Slide 2: Management Commentary
MANAGEMENT C O M M E N TA R Y “We are pleased to announce a robust performance for Q3FY2024 with a year-on-year volume growth of 20% and revenue growth of 17%. The Value-added products segment witnessed a growth of 25% Y-o-Y driven by good demand of Intermediate Bulk Containers (IBCs) and Composite
Slide 3: Table Of Content
Table Of Content Performance & Business Highlights Financial Highlights Company Overview Appendix
Slide 4: Performance & Business Highlights
Performance & Business Highlights
Slide 5: Performance & Business Highlights
Performance & Business Highlights 3M FY2024 9M FY 2024 Y-o-Y Y-o-Y 1) Particulars ₹ in Mn ₹ in Mn Growth (%) Growth (%) - Volume - 20% - 18% - Revenue 13,266 17% 36,013 16% - EBITDA 1,925 26% 5,078 24% - PAT 916 50% 2,181 40% 2) Cash generated from Operating activities ₹ 2,530 Mn 2) Debt reduced by
Slide 6: Performance & Business Highlights
Performance & Business Highlights 9) Consolidation of Overseas business ▪ The Board has approved and authorised, subject to Due Diligence, for acceptance of disinvestment of 50% business in Middle East on Debt & Cash free basis for a valuation of around USD 25 million. The geographies agreed for dis
Slide 7: Financial Highlights
Financial Highlights
Slide 8: Q3FY24 Financial Snapshot
Q3FY24 Financial Snapshot Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) Particulars India Overseas 17% 11% 26% 15% YoY Growth QoQ Growth YoY Growth QoQ Growth Volume Growth (20% YoY) 22% 16% 14.0% 14.5% Revenue Growth (17% YoY) 19% 14% 13.5% 13,266 Revenue Contribution 65% 35% 11,945 1,925 1,530
Slide 9: Segmental Performance
Segmental Performance Polymer Products* Composite Products** Revenue (₹ Mn) EBITDA Margins (%) Revenue (₹ Mn) EBITDA Margins (%) 15,000 10,000 9,000 18.00% 13.9% 15.6% 12,000 13.2% 8,000 14.2% 13% 7,000 26% 9,000 8,610 YoY 6,000 YoY 7,601 Revenue 5,000 4,636 Revenue 6,000 Share 4,000 3,685 Share 65%
Slide 10: Established Products and Value Added Products
Established Products and Value Added Products Established Products* Value Added Products** Revenue (₹ Mn) EBITDA Margins (%) Revenue (₹ Mn) EBITDA Margins (%) 15,000 10,000 13.1% 9,000 12.2% 12,000 8,000 18.4% 17.3% 15% 18.00% 25% 9,690 7,000 YoY YoY 9,000 8,446 6,000 Revenue 5,000 Revenue 6,000 Sha
Slide 11: 9MFY24 Financial Snapshot
9MFY24 Financial Snapshot Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) Particulars India Overseas 16% 24% YoY Growth YoY Growth Volume Growth (18% YoY) 20% 15% 13.3% 14.1% 36,013 Revenue Growth (16% YoY) 18% 13% 31,002 Revenue Contribution 65% 35% 5,078 4,110 EBITDA Margin 14.4% 13.6% PAT Margin
Slide 12: Segmental Performance
Segmental Performance Polymer Products* Composite Products** Revenue (₹ Mn) EBITDA Margins (%) Revenue (₹ Mn) EBITDA Margins (%) 20,000 18.00% 33,000 19,000 13.6% 18,000 15.0% 30,000 12.9% 17,000 13.9% 16,000 27,000 15,000 23,425 13% 14,000 22% 24,000 12,557 20,667 YoY 13,000 YoY 21,000 12,000 11,00
Slide 13: Strategic Direction towards Value Added Products
Strategic Direction towards Value Added Products Established Products* Value Added Products** Revenue (₹ Mn) EBITDA Margins (%) Revenue (₹ Mn) EBITDA Margins (%) 15,000 34,000 17.8% 12.8% 14,000 17.1% 18.00% 12.1% 13,000 31,000 12,000 28,000 26,638 13% 11,000 27% 10,000 9,374 YoY YoY 25,000 23,604 9
Slide 14: Product Segment Wise Value and Volume Numbers
Product Segment Wise Value and Volume Numbers Value Volume YoY YoY Particulars 9MFY24 9MFY23 Growth Growth Unit 9MFY24 9MFY23 (₹ Mn) (₹ Mn) % % TURNOVER REGULAR BUSINESS Packaging (Excl. IBC Business ), Lifestyle , Auto , Batteries Business etc. 24,846 22,076 12.6% M.T. 203,263 175,093 PE Pipes 1,79
Slide 15: 9MFY24 Highlights
9MFY24 Highlights Total capex in 9MFY24 towards brownfield expansion, maintenance, re-engineering and automation ₹ 1,442 Mn. Established Products ₹ 626 Mn. Value Added Products (mainly towards IBC and CNG expansion) ₹ 816 Mn. ▪ Capacity utilization: Overall 82% Industrial Packaging ▪ Satisfactory sc
Slide 16: 9MFY24 Highlights
9MFY24 Highlights Composite Cylinder- LPG application ▪ Supplies ongoing for additional 0.75 million Type-IV LPG Composite cylinders order received from Indian Oil Corporation Limited (IOCL). Discussions on- going with BPCL and HPCL for similar orders. ▪ Good potential in period ahead on account of
Slide 17: 9MFY24 Highlights
9MFY24 Highlights Composite Cylinder- CNG application (on-board) ▪ Company in discussion with OEMs for supply of Fully Wrapped Carbon Fibre Reinforced Type-IV Composite Cylinder for On Board (vehicle) applications. ▪ Besides the OEMs, who have explicitly expressed their preference for Type-IV cylind
Slide 18: Company Overview
Company Overview
Slide 19: Time Technoplast
Time Technoplast Time Technoplast Limited (Time Tech) is a multinational company and one of the leading manufacturer of technology-based polymer and composite products Strong presence in Asia & MENA regions with presence in 10 different countries outside India Leading Global Industrial Packaging Com
Slide 20: Innovative and Tech Oriented Products
Innovative and Tech Oriented Products Auto Industrial Packaging Infrastructure Innovative Polymer Components Focus on Innovative & Tech Products Drums & Containers Jerry Cans Conipack Pails HDPE Pipes Energy Storage oriented polymer products Devices and have several firsts to our credit- ▪ 1st to la
Slide 21: Appendix
Appendix
Slide 22: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q3FY24 Q3FY23 9MFY24 9MFY23 FY23 Total Income 13,266 11,307 36,013 31,002 42,932 Total Expenses 11,341 9,777 30,935 26,892 37,123 EBITDA 1,925 1,530 5,078 4,110 5,809 EBITDA Margin (%) 14.5% 13.5% 14.1% 13.3% 13.5% Finance Cost (Net) 249 255 768 726 1
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) H1FY24 FY23 Particulars (₹ Mn) H1FY24 FY23 Equity & Liabilities ASSETS Shareholder's Funds Share Capital 226 226 Other Equity 23,435 22,467 Total Shareholder's Fund 23,661 22,693 Non-Current Assets Minority Interest 602 582 Fixed Assets Non-Current Liabi
Slide 24: Consolidated Cash Flow
Consolidated Cash Flow Particulars (₹ Mn) H1FY24 FY23 Net cash flow from operating activities 1,959 3,702 Profit before tax & extraordinary items 1,722 3,048 Depreciation 912 1,709 Interest 519 1,052 Others 24 55 Working Capital Changes (825) (1,506) Tax Payment (394) (656) Net cash used in Investin
Slide 25: Thank You
For further information, please contact: Mr. Digvijay Singh Rathore AVP- Finance and Investor Relations Thank +91 22 7111 9304 digvijay.rathore@timetechnoplast.com You Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which includ