TIMETECHNONSE14 February 2023

Time Technoplast Limited has informed the Exchange about Investor Presentation

Time Technoplast Limited

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TIME”

BSE Limited 1st Floor, New Trading Ring, Rotunda Building,

P.J. Towers, Dalal Street,

Fort, Mumbai - 400 001 Scrip Code: 532856

February 14, 2023

To, National Stock Exchange of India Ltd. Exchange Plaza, 5‘ 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 (Standalone & Consolidated) Financial Results declared for the Quarter and Nine Months

ended December 31, 2022.

The

Earnings

Presentation

also

being

hosted

the Company's website

www.timetechnoplast.com

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 : ttl@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: 2023.02.14 18:37:10 +05'30'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

Earnings Presentation 9M/ Q3 FY2023

M A N A G E M E N T

C O M M E N TA RY

“It’s been a year since Mr. Anil Jain, Co-founder and Managing Director of the Company passed away, but his vision continues to remain strong. With his values, we will continue to work towards his dream of growing the Company.

The Company continues to strengthen its market position in the Industrial Packaging segment despite challenging global economic conditions. We are pleased to announce a strong performance during the nine months with year on year revenue growth of 19%. The Value added products segment grew by 29% Y-o-Y driven by good demand of IBCs and Composite Cylinders. Good order book position for CNG cascades coupled with stable core Industrial packaging business and increasing popularity of Type-IV LPG Composite Cylinders, will help us achieve our target set for the year.”

Mr. Bharat Kumar Vageria Managing Director

Table Of Content

Financial Highlights

Company Overview

Appendix

Financial Highlights

Q3FY23 Financial Snapshot

Total Income (₹ Mn)

EBITDA (₹ Mn) and Margin (%)

10% QoQ Growth

20% YoY Growth

14% QoQ Growth

12% YoY Growth

Particulars

India

Overseas

Volume Growth (16% YoY)

37%

11,307

14.5%

13.1%

13.5%

Revenue Growth (20% YoY)

11%

42%

10,244

9,427

1,365

1,338

1,530

EBITDA Margin

13.7%

13.2%

Revenue Contribution

64%

36%

PAT Margin

5.0%

6.2%

Q3FY22

Q2FY23

Q3FY23

Q3FY22

Q2FY23

Q3FY23

Cash Profit Margin

9.3%

9.5%

PAT (₹ Mn)

Cash Profit (₹ Mn)

 Value added products grew by 32% in Q3FY23 as

compared to Q3FY22, while established products grew

23% QoQ Growth

14% YoY Growth

15% QoQ Growth

12% YoY Growth

by 17%.

537

498

612

1058

943

924

Q3FY22

Q2FY23

Q3FY23

Q3FY22

Q2FY23

Q3FY23

Segmental Performance

Polymer Products*

Composite Products**

Revenue (₹ Mn)

EBITDA Margins (%)

Revenue (₹ Mn)

EBITDA Margins (%)

15,000

12,000

14.4%

13.2%

7,601

6,450

9,000

6,000

3,000

18%

YoY

Revenue Share 67%

18.00%

0.00%

10,000

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

14.7%

14.2%

2,970

3,685

24%

YoY

Revenue Share 33%

18.00%

0.00%

Q3FY22

Q3FY23

Q3FY22

Q3FY23

*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 & CNG), Energy storage devices, Auto Products and Steel Drums.

Established Products and Value Added Products

Established Products*

Value Added Products**

Revenue (₹ Mn)

EBITDA Margins (%)

Revenue (₹ Mn)

EBITDA Margins (%)

15,000

12,000

9,000

6,000

3,000

13.6%

7,251

12.2%

8,446

10,000

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

17%

YoY

Revenue Share 75%

0.00%

17.5%

17.3%

2,176

2,861

18.00%

32%

YoY

Revenue Share 25%

0.00%

Q3FY22

Q3FY23

Q3FY22

Q3FY23

*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 & CNG) and MOX Films.

9MFY23 Financial Snapshot

Total Income (₹ Mn)

EBITDA (₹ Mn) and Margin (%)

19% YoY Growth

31,002

26,124

12% YoY Growth

14.1%

3,687

13.3%

4,110

Particulars

India

Overseas

Volume Growth (13% YoY)

23%

Revenue Growth (19% YoY)

14%

29%

Revenue Contribution

64%

36%

EBITDA Margin

13.4%

13.0%

PAT Margin

4.5%

5.9%

9MFY22

9MFY23

9MFY22

9MFY23

Cash Profit Margin

9.0%

9.5%

PAT (₹ Mn)

17% YoY Growth

Cash Profit (₹ Mn)

13% YoY Growth

1,555

2,841

 Total Debt reduced by ₹ 237 Mn in 9MFY23 from year

ended FY22.

 Value added products grew by 29% in 9MFY23 as

compared to 9MFY22, while established products grew

by 16%. The company’s focus remains to increase the

share of value added products in its revenue and

1,325

2,524

improve margins

9MFY22

9MFY23

9MFY22

9MFY23

Segmental Performance

Polymer Products*

Composite Products**

Revenue (₹ Mn)

EBITDA Margins (%)

Revenue (₹ Mn)

EBITDA Margins (%)

14.0%

17,853

12.9%

20,667

33,000

30,000

27,000

24,000

21,000

18,000

15,000

12,000

9,000

6,000

3,000

15,000

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

16%

YoY

Revenue Share 67%

0.00%

14.4%

8,256

13.9%

10,303

25%

YoY

Revenue Share 33%

0.00%

9MFY22

9MFY23

9MFY22

9MFY23

*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 & 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 (%)

13.3%

20,392

12.1%

23,604

34,000

31,000

28,000

25,000

22,000

19,000

16,000

13,000

10,000

15,000

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

16%

YoY

Revenue Share 76%

0.00%

17.1%

18.00%

7,398

5,732

29%

YoY

Revenue Share 24%

0.00%

9MFY22

9MFY23

9MFY22

9MFY23

Product Segment Wise Value and Volume Numbers

Particulars

TURNOVER

REGULAR BUSINESS

Value

Volume

9MFY23

9MFY22

YoY Growth

(₹ Mn)

Unit

9MFY23

9MFY22

YoY Growth

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

PE Pipes

Sub - Total

22,076

18,954

16.5%

1,528

1,438

6.3%

M.T.

175,093

157,743

13,306

12,928

23,604

20,392

15.8%

188,399

170,671

10.4%

VALUE ADDED PRODUCTS

IBC Business

Composite Cylinders (LPG and CNG)*

MOX Film

Sub - Total

Total

3,823

2,525

1,050

7,398

3,124

1,639

969

22.4%

54.1%

8.3%

5,732

29.1%

31,002

26,124

18.7%

Nos.

M.T.

452,460

388,609

709,396

657,790

4,307

4,045

*Includes business from CNG cylinders of Rs. 1,022 Mn (P.Y. Rs. 270 Mn)

23.4%

12.6%

9MFY23 Highlights

Total capex in 9MFY23 towards brownfield expansion, maintenance, re-engineering and automation

₹ 1,692 Mn.

Established Products

Value Added Products (mainly towards IBC and CNG expansion)

 Capacity utilization: Overall 81%

 Continued focus on improving Working Capital cycle time.

₹ 535 Mn.

₹ 1,157 Mn.

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 good performance as 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

 Greenfield project in Dahej, Gujarat in TPL Plastech Ltd, for IBC Intermediate Bulk Containers (IBCs) along with other industrial packaging

products i.e. Drums and Jerry Cans is as per schedule. The company expects to commence production by March 2023.

9MFY23 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

9MFY23 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 around ₹ 2.20 billion

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 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

Time Technoplast Limited (Time Tech) is a multinational company and one of the

leading manufacturer of technology based polymer and composite products

Leading Global

Industrial

Packaging

Company

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.

Some of the Marquee clients include BASF, Huntsman, Bayer, Du Pont, Indian Oil,

Gulf, ExxonMobil, Total, Ashok Leyland, Tata Motors, Cargill, GE, L&T etc.

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

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

DEF (Urea) Tanks

CNG Cascade

CNG (On Board Application)

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

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

 1st to launch Composite

Gas cylinders

Appendix

Consolidated Income Statement

Particulars (₹ Mn)

Q3FY23

Q3FY22

9MFY23

9MFY22

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 (₹)

11,307

9,777

1,530

13.5%

255

432

843

217

626

612

5.4%

2.71

9,427

8,062

1,365

14.5%

229

394

742

193

549

537

5.7%

2.38

31,002

26,892

4,110

13.3%

726

1,256

2,128

543

1,585

1,555

5.0%

6.87

26,124

22,437

3,687

14.1%

693

1,170

1,823

469

1,354

1,325

5.1%

5.86

FY22

36,528

31,440

5,088

13.9%

920

1,574

2,594

672

1,922

1,880

5.1%

8.31

Consolidated Balance Sheet

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

H1FY23

FY22 Particulars (₹ Mn)

H1FY23

FY22

ASSETS

226

21,237

21,463

551

226

20,501 Non-Current Assets

20,727 Fixed Assets

534 Property, Plant & Equipment

Capital Work-in-Progress

2,182

2,527 Right-to-Use Assets

808

938

805

902

Intangible Assets Others Financial Assets/Long Term Loans & Advances

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

(563)

(313)

(1,067)

(1,089)

(675)

(145)

(51)

(8)

(471)

685

698

FY22

2,908

2,594

1,574

920

(1,682)

(540)

(1,792)

(1,868)

(1,038)

156

(109)

(165)

(920)

607

685

For further information, please contact:

Mr. Digvijay Singh Rathore

Mr. Siddesh Chawan

Manager – Investor Relations

Ernst & Young LLP, Investor Relations

+91 22 7111 9304

+91 22 6192 0000

digvijay.rathore@timetechnoplast.com

siddesh.chawan@in.ey.com

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.

Thank You

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