TIMETECHNONSE12 November 2022

Time Technoplast Limited has informed the Exchange about Investor Presentation in respect of the unaudited financial results declared for the quarter and half year ended September 30, 2022.

Time Technoplast Limited

Download PDF ↗View TIMETECHNO Stock →

TIME”

BSE Limited 1* Floor, New Trading Ring,

Rotunda Building, P.J. Towers, Dalal Street, Fort, Mumbai — 400 001 Scrip Code: 532856

November 12, 2022

To, National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor,

Plot No. C-1, Block G, Bandra — Kurla Complex, Bandra (East), Mumbai — 400 051 Symbol: TIMETECHNO

Dear Sir/Madam,

Sub.: Earnings Presentation

We enclose herewith a copy of the ‘Earnings Presentation’ in respect of the unaudited financial results declared for the quarter and half year ended September 30, 2022.

Earnings

The www.timetechnoplast.com

Presentation

also

being

hosted

the Company's website

This is for your information and records.

Thanking You,

Yours Faithfully, For Time Technoplast Limited

Bharat Kumar Vageria Managing Director DIN: 00183629

TIME TECHNOPLAST LTD. Bringing Polymers To Life CIN : L27203DD1989PLC003240 Regd. Office : 101, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman, Daman - 396210

Corp. Off. : 55, Corporate Avenue, 2nd Floor, Saki Vihar Road, Andheri (East), Mumbai - 400 072 INDIA Tel. : 91-22-7111 9999 Fax : 91-22-2857 5672 E-mail : tt@timetechnoplast.com Website : www.timetechnoplast.com Bangalore * (080) 26608056/61 Baddi * 9816720202/9816700202/9816820202 Chennai (044) 4501 0019/29 Delhi * (0120) 4326144/4284946 Hyderabad . 9849019428 Kolkata . (033) 46037097/98

BHARAT KUMAR VAGERIADigitally signed by BHARAT KUMAR VAGERIA Date: 2022.11.12 17:07:56 +05'30'Earnings

Presentation

H1/ Q2

FY 2023

B S E : 5 3 2 8 5 6 | N S E : T I M E T E C H N O | I S I N : I N E 5 0 8 G 0 1 0 2 9 | C I N : L 2 7 2 0 3 D D 1 9 8 9 P L C 0 0 3 2 4 0

MANAGEMENT COMMENTARY

“ We are pleased to report a consistent, healthy growth this quarter and first half, driven by good business performance. The Company

delivered a healthy revenue growth of 18% in H1FY23. Our top priority continues to remain in strengthening the revenue share of

Value-Added Products. The Value-Added Products segment grew by 28% Y-o-Y. However, margins were slightly impacted owing to

prevailing geopolitical scenario and challenging macroeconomic environment. Despite a challenging global scenario, we remain

cautiously optimistic about our performance in the future backed by huge demand for our value added products.

We are also pleased to inform that in the last two and a half years the number of shareholders of the Company have increased by

300% and reached to more than 100k. “

Mr. Bharat Kumar Vageria Managing Director

Agenda

Quarter Highlights

Company Overview

Appendix

Quarter Highlights

Q2FY23 Financial Snapshot

Total Income (₹ Mn)

EBITDA (₹ Mn) and Margin (%)

YoY Growth

12%

10,244

9,150

9,450

QoQ Growth

14.3%

1,312

YoY Growth

13.1%

1,242

13.1%

1,338

QoQ Growth

Particulars

India

Overseas

Volume Growth (9% YoY)

Revenue Growth (12% YoY)

Revenue Contribution

65%

17%

21%

35%

EBITDA Margin

13.2%

12.8%

PAT Margin

4.4%

5.8%

Q2FY22

Q1FY23

Q2FY23

Q2FY22

Q1FY23

Q2FY23

Cash Profit Margin

8.6%

9.6%

PAT (₹ Mn)

YoY Growth

-1%

Cash Profit (₹ Mn)

 Value added products grew by 22% in Q2FY23 as

compared to Q2FY22, while established products grew by

YoY Growth

9%. The company’s focus remains to increase the share of

value added products in its revenue and improve

503

498

904

924

margins.

444

12%

QoQ Growth

859

QoQ Growth

Q2FY22

Q1FY23

Q2FY23

Q2FY22

Q1FY23

Q2FY23

Segmental Performance

Polymer Products*

Composite Products**

Revenue (₹ Mn)

EBITDA Margins (%)

Revenue (₹ Mn)

EBITDA Margins (%)

14.1%

6,152

12.7%

6,743

9,000

6,000

3,000

6,000

5,000

4,000

3,000

2,000

1,000

10%

YoY

Revenue Share 66%

0.00%

14.8%

2,993

13.8%

3,497

17%

YoY

Revenue Share 34%

18.00%

0.00%

Q2FY22

Q2FY23

Q2FY22

Q2FY23

*Polymer Products: HM-HDPE plastic Drums/Jerry Cans and Pails, Polyethylene (PE) pipes, Turf & Mattings, Disposable Bins and MOX Films

**Composite Products: Intermediate Bulk Containers (IBC), Composite Cylinders (LPG and CNG), Energy storage devices, Auto Products and Steel Drums.

Strategic Direction towards Value Added Products

Established Products*

Value Added Products**

Revenue (₹ Mn)

EBITDA Margins (%)

Revenue (₹ Mn)

EBITDA Margins (%)

12,000

13.5%

11.8%

7,789

7,129

9,000

6,000

3,000

6,000

5,000

4,000

3,000

2,000

1,000

YoY

Revenue Share 76%

0.00%

17.4%

17.0%

18.00%

2,021

2,455

22%

YoY

Revenue Share 24%

0.00%

Q2FY22

Q2FY23

Q2FY22

Q2FY23

*Established Products- HM-HDPE plastic Drums/Jerry Cans and Pails, Polyethylene (PE) pipes, Turf & Mattings, Disposable Bins, Energy storage devices, Auto Products and Steel Drums.

**Value Added Products- Intermediate Bulk Containers (IBC), Composite Cylinders (LPG and CNG) and MOX Films.

H1FY23 Financial Snapshot

Total Income (₹ Mn)

EBITDA (₹ Mn) and Margin (%)

YoY Growth

18%

YoY Growth

11%

19,695

13.9%

2,321

13.1%

2,580

16,697

Particulars

India

Overseas

Volume Growth (11% YoY)

Revenue Growth (18% YoY)

Revenue Contribution

16%

64%

14%

22%

36%

EBITDA Margin

13.2%

12.9%

PAT Margin

4.2%

5.8%

H1FY22

H1FY23

H1FY22

H1FY23

Cash Profit Margin

8.7%

9.5%

PAT (₹ Mn)

Cash Profit (₹ Mn)

 Total Debt reduced by ₹ 145 Mn in H1FY23 from year

ended FY22.

YoY Growth

20%

YoY Growth

13%

 Value added products grew by 28% in H1FY23 as

942

1,783

compared to H1FY22, while established products grew by

15%. The company’s focus remains to increase the share

of value added products in its revenue and improve

788

1,581

margins.

H1FY22

H1FY23

H1FY22

H1FY23

Segmental Performance

Polymer Products*

Composite Products**

Revenue (₹ Mn)

EBITDA Margins (%)

Revenue (₹ Mn)

EBITDA Margins (%)

13.8%

11,402

12.8%

13,066

18,000

15,000

12,000

9,000

6,000

3,000

14,000

13,000

12,000

11,000

10,000

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

15%

YoY

Revenue Share 66%

0.00%

14.2%

13.8%

6,619

5,287

25%

YoY

Revenue Share 34%

18.00%

0.00%

H1FY22

H1FY23

H1FY22

H1FY23

*Polymer Products: HM-HDPE plastic Drums/Jerry Cans and Pails, Polyethylene (PE) pipes, Turf & Mattings, Disposable Bins and MOX Films

**Composite Products: Intermediate Bulk Containers (IBC), Composite Cylinders (LPG and CNG), Energy storage devices, Auto Products and Steel Drums.

Strategic Direction towards Value Added Products

Established Products*

Value Added Products**

Revenue (₹ Mn)

EBITDA Margins (%)

Revenue (₹ Mn)

EBITDA Margins (%)

13.1%

13,141

12.0%

15,158

24,000

21,000

18,000

15,000

12,000

9,000

6,000

3,000

10,000

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

15%

YoY

Revenue Share 77%

0.00%

16.9%

18.00%

4,537

3,556

28%

YoY

Revenue Share 23%

0.00%

H1FY22

H1FY23

H1FY22

H1FY23

*Established Products- HM-HDPE plastic Drums/Jerry Cans and Pails, Polyethylene (PE) pipes, Turf & Mattings, Disposable Bins, Energy storage devices, Auto Products and Steel Drums.

**Value Added Products- Intermediate Bulk Containers (IBC), Composite Cylinders (LPG and CNG) and MOX Films.

Product Segment Wise Value and Volume Numbers

Particulars

TURNOVER

REGULAR BUSINESS

Packaging (Excl. IBC Business ), Lifestyle , Auto , Batteries Business etc.

PE Pipes

Sub - Total

VALUE ADDED PRODUCTS

IBC Business

Composite Cylinders (LPG and CNG)*

MOX Film

Sub - Total

Total

*Includes business from CNG cylinders of Rs. 615 Mn (P.Y. Rs. 158 Mn)

Value

Volume

H1FY23

H1FY22

YoY Growth

(₹ Mn)

Unit

H1FY23

H1FY22

YoY Growth

14,180

12,248

15.8%

977

893

9.4%

M.T.

110,712

101,272

8,310

7,945

15,158

13,141

15.3%

119,022

109,218

9.0%

2,348

1,444

745

4,537

1,965

913

679

19.5%

58.2%

9.7%

3,556

27.6%

19,695

16,697

18.0%

Nos.

M.T.

276,840

245,634

420,368

394,926

3,042

2,825

20.5%

10.9%

H1FY23 Highlights

Total capex in H1FY23 towards brownfield expansion, maintenance, re-engineering and automation

₹ 1,075 Mn.

Established Products

Value Added Products

₹ 374 Mn.

₹ 701 Mn.

 Capacity utilization: Overall 78% (India: 73%; Overseas: 85%)

 Continued focus on improving Working Capital cycle time and targeting to achieve 90 days in next 12-18 months.

Consolidation cum Restructuring of Overseas business  The Board of Directors and Members have approved the consolidation cum restructuring of overseas business in full/part by way of disinvestment of majority stake to Strategic Partner/ Investor Partner. The proceeds will be used for Repayment of Debt, Capex for Composite Cylinders (LPG/CNG/Hydrogen) & Core Business in India to meet huge market demand and will also be used to benefit the shareholders.

Industrial Packaging  USA continue to show healthy performance as good demand for IBCs and large sized drums continues.  Brownfield expansion in India and overseas locations to continue for future growth and leveraging of existing infrastructures.

H1FY23 Highlights

Pipes  Segment showing signs of improvement with reduction in polymer prices, inflow of new orders and release of funds to EPC contractors by

government authorities for ongoing projects.

 The pipes/ducts have substantial business potential specially in government projects like Smart Cities, Jal Jeevan Mission and Swachh Bharat

Mission.

Mox Films  Company innovating new applications of the MOX films and is launching new products in the market like Truck covers, Pond Liners, Mulching

Film, Poly house Films and Films for Agricultural use.

 Continued focus on export markets of Thailand, Malaysia, Germany UK & USA.

Composite Cylinder- LPG application  Supplies on-going for 0.75 million Type-IV LPG Composite cylinders received from Indian Oil Corporation Limited (IOCL).  On completion of supplies for above order, the same order quantity may be repeated at the discretion of IOCL for a further period of up to

12 months, on same terms and conditions.

 Good potential in period ahead on account of the Pradhan Mantri Ujjwala Yojana of the Government of India.  Continued good response from overseas customers. The Company currently has approvals in over 50 countries and is exporting Composite

Cylinders to over 42 nations. Company has also added new customers in newer geographies.

H1FY23 Highlights

Composite Cylinder- CNG application (Cascades)  Company receiving over whelming response in a short period of time for CNG Cascades with Fully Wrapped Carbon Fibre Reinforced Type-IV

Composite Cylinder

 Current order book position of over ₹ 2.25 billion.

Composite Cylinder- CNG application (on-board)  During FY22, the Company received approval from PESO and Bureau Veritas under ISO: 11439-2013 as applicable for manufacturing of Fully

Wrapped Carbon Fibre Reinforced Type-IV Composite Cylinder for On Board (vehicle) applications, for the first time in India.

 Besides the OEMs, who have explicitly expressed their preference for Type-IV cylinders vis-à-vis Type-I (steel cylinders), the Company is also

going to target the secondary market in the Automobile industry.

Company Overview



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

 Has 14+ recognized brands and works with >900 institutional customers

globally

 Well established inhouse R&D team of around 30 people having experience of more than 15 years for upgrading existing and developing futuristic

products by using latest processing technology

Time Technoplast

Business Mix

Industrial Packaging Polymer Drums,

Jerry Cans,

Energy storage devices

Pails

Marquee Clients

Established Products

Value-Added Products

Infrastructure

Technical & Lifestyle

Polyethylene (PE) Pipes,

Turf & Matting, Disposable Bins, Auto Products

Intermediate Bulk Container (IBC)

Composite Cylinders

MOX Film (Techpaulin)

Chemicals

Petrochemicals

Auto

Others

BASF, Huntsman, Bayer, Aditya Birla Chemicals,

Shell, Indian Oil, Gulf, ExxonMobil, Total, etc.

Ashok Leyland, Tata Motors, Eicher Motors,

Cargill, GE, L&T, Nestle, Wipro, LEAP India, Etc.

Du Pont, Dow, Eco Lab,

Solvay, Etc.

Volvo, Etc.

Innovative and Tech Oriented Products

Industrial Packaging

Infrastructure

Drums & Containers

Jerry Cans

Conipack Pails

HDPE Pipes

DWC Pipes

Energy Storage Devices

Rain Flaps

Mats

Auto Components and Lifestyle

Fuel Tanks

Composite IBCs

Composite Cylinders

MOX Films

Focus on Innovative & Tech

oriented polymer products

and have several firsts to our

credit-

 1st to launch PE drums

to replace steel

 1st to launch Tubular

Gel Batteries

 1st to launch Anti-Spray

Rain Flaps

 1st Plastic Fuel tanks in CVs

 1st to launch IBC

DEF (Urea) Tanks

CNG Cascade

CNG (On Board Application)

 1st to launch Composite

Gas cylinders

and more…

s t c u d o r P r e m y l o P e v i t a v o n n I

d e d d A e u l a V

s t c u d o r P

h c e T - i H

s t c u d o r P

Appendix

Consolidated Income Statement

Particulars (₹ Mn)

Total Income

Total Expenses

EBITDA

EBITDA Margin (%)

Finance Cost (Net)

Depreciation

PBT

Tax

PAT before Minority Interest

Minority Interest

PAT after Minority Interest

PAT Margins (%)

EPS (₹)

Q2FY23

10,244

8,906

1,338

13.1%

240

417

681

174

507

498

4.9%

2.20

Q2FY22

9,150

7,838

1,312

14.3%

230

391

691

178

513

503

5.5%

2.22

H1FY23

19,695

H1FY22

16,697

17,115

2,580

13.1%

471

824

1,285

326

959

942

4.8%

4.17

14,376

2,321

13.9%

464

776

1,081

275

805

788

4.7%

3.48

FY22

36,528

31,440

5,088

13.9%

920

1,574

2,594

672

1,922

1,880

5.1%

8.31

Particulars (₹ Mn)

Equity & Liabilities

Shareholder's Funds

Share Capital

Other Equity

Total Shareholder's Fund

Minority Interest

Non-Current Liabilities

Long-Term Borrowings

Lease Liabilities

Deferred Tax Liabilities (Net)

Total Non Current Liabilities

Current Liabilities

Short-Term Borrowings

Trade Payables

Other Financial Liabilities

Other Current Liabilities

Short-Term Provisions

Current Tax Liabilities

Total Current Liabilities

TOTAL - EQUITY AND LIABILITIES

Consolidated Balance Sheet

H1FY23

FY22 Particulars (₹ Mn)

H1FY23

FY22

ASSETS

226

20,501 Non-Current Assets

20,727 Fixed Assets

534 Property, Plant & Equipment

Capital Work-in-Progress

2,527 Right-to-Use Assets

805 Intangible Assets

902 Others Financial Assets/Long Term Loans & Advances

226

21,237

21,463

551

2,182

808

938

12,545

12,319

726

822

360

702

816

357

3,928

4,234 Total Non Current Assets

14,455

14,195

5,927

4,117

415

126

208

10,884

36,826

Current Assets

5,727 Inventories

3,850 Trade Receivables

88 Cash and Cash Equivalents & Bank Balance

383 Other Advances

147 Other Current Assets

354 Total Current Assets

10,549 Assets Classified As Held For Sale*

36,044 TOTAL - ASSETS

9,327

8,972

958

1,634

966

9,077

8,669

941

1,626

999

21,857

21,312

514

537

36,826

36,044

*In accordance with Ind AS 105 for Non-current Assets Held for Sale and Discontinued Operations, the management has identified and classified certain assets as held for sale

Consolidated Cash Flow

Particulars (₹ Mn) Net cash flow from operating activities Profit before tax & extraordinary items Depreciation Interest Others Working Capital Changes Tax Payment

Net cash used in Investing Activities

Purchase of fixed assets Sale of fixed assets

Net cash used in financing activities

Net proceeds from borrowings Repayment of lease liability Dividend paid & tax on dividend Interest paid

Net increase/(decrease) in cash & cash equivalents Cash & cash equivalents as at (opening balance) Cash & cash equivalents as at (closing balance)

H1FY23 1,755 1,285 824 471 51 (563) (313)

(1,067) (1,089) 22

(675) (145) (51) (8) (471)

13 685 698

FY22 2,908 2,594 1,574 920 42 (1,682) (540)

(1,792) (1,868) 76

(1,038) 156 (109) (165) (920)

78 607 685

R U O B R A H

E F A S

Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or

phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan",

"contemplate", seek to", "future", "objective", "goal", "likely", "project", "should", "potential", "will pursue", and similar expressions of such expressions

may constitute "forward-looking statements", These forward looking statements involve a number of risks, uncertainties and other factors that could

cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not

limited to our ability to successfully implement our strategy, our growth and expansion plans, obtain regulatory approvals, our provisioning policies,

technological changes, investment and business income, cash flow projections, our exposure to market risks as well as other risks. The Company

does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

R U O B R A H

E F A S

For further information, please contact:

Mr. Digvijay Singh Rathore

Manager – Investor Relations

+91 22 7111 9304

Mr. Siddesh Chawan

Ernst & Young LLP, Investor Relations

+91 22 6192 0000

digvijay.rathore@timetechnoplast.com

siddesh.chawan@in.ey.com

© 2022 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. This material was used during an oral presentation; it is not a complete record of the discussion. This work may not be used, sold, transferred, adapted, abridged, copied or reproduced in whole on or in part in any manner or form or in any media without the prior written consent. All product names and company names and logos mentioned herein are the trademarks or registered trademarks of their respective owners.

← All Transcripts TIMETECHNO Stock Page →

Time Technoplast Limited has informed the Exchange about Investor Presentation in respect of the unaudited financial results declared for the quarter and half year ended September 30, 2022.

Market Movers