TIMETECHNONSE29 May 2023

Time Technoplast Limited has informed the Exchange about Investor Presentation

Time Technoplast Limited

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TIME

May 29, 2023

To,

National Stock Exchange of India Ltd.

BSE Limited

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

1 Floor, New Trading Ring,

Rotunda Building,

P.J. Towers, Dalal Street,

Fort, Mumbai — 400 001

Scrip Code: 532856

We enclose herewith a copy of the ‘Earnings Presentation’ in respect of the Audited

(Standalone & Consolidated) Financial Results declared for the Quarter and Financial Year

ended March 31, 2023.

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 . ti@timetechnoplast.com Website : www.timelechnoplasl.com

Bangalore

(080) 26608056/61 Baddi 9816720202/98 16700202/9816820202 Chennai (044) 4501 0019/29 Delhi

(0120) 4326144/4284946 Hyderabad 9849019428 Kolkata

(033) 46037097/98

BHARAT KUMAR VAGERIADigitally signed by BHARAT KUMAR VAGERIA Date: 2023.05.29 17:51:55 +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 Q4 and FY2023

M A N A G E M E N T

C O M M E N TA R Y

“The Company has closed the financial year on a strong note with a revenue growth of 18% and has also achieved its highest ever Profit after Tax (PAT) of ₹ 2,191 million. Good demand for Industrial packaging products and overwhelming response for our composite products are the major factors behind this strong performance. Within a short span of time, our Type-IV Composite Cylinders for CNG Cascades have established a good market position which is visible in the strong order book position of ₹ 2,600 million (appx.). Strong demand for Industrial Packaging products from chemical industry driven by migration of chemical companies out of China and increase in chemical exports coupled with a good demand for CNG cascades, we expect to continue our growth trajectory.

I am also pleased to announce that one of the promoter companies has fully repaid the term loan outstanding to its lenders, where equity shares of Time Technoplast Limited have been pledged as a collateral security. These pledged shares will be released shortly on completion of internal formalities by the lenders, post which 100% of promoter equity share holding will be pledge free.”

Mr. Bharat Kumar Vageria Managing Director

Table Of Content

Financial Highlights

Company Overview

Appendix

Financial Highlights

Q4FY23 Financial Snapshot

Total Income (₹ Mn)

EBITDA (₹ Mn) and Margin (%)

Particulars

India

Overseas

5.5% QoQ Growth

14.7% YoY Growth

11.0% QoQ Growth

21.3% YoY Growth

Volume Growth (12% YoY)

13.5%

14.2%

Revenue Growth (15% YoY)

Revenue Contribution

1,401

1,530

1,699

EBITDA Margin

14.6%

13.4%

10%

70%

22%

26%

30%

11,930

11,307

10,404

Q4FY22

Q3FY23

Q4FY23

Q4FY22

Q3FY23

Q4FY23

Cash Profit Margin

PAT Margin

5.5%

9.3%

4.9%

8.8%

PAT (₹ Mn)

Cash Profit (₹ Mn)

3.8% QoQ Growth

14.6% YoY Growth

4.5% QoQ Growth

13.8% YoY Growth

636

612

1106

1058

555

972

▪ Value added products grew by 27% in Q4FY23 as compared to

Q4FY22, while established products grew by 12%.

Q4FY22

Q3FY23

Q4FY23

Q4FY22

Q3FY23

Q4FY23

Segmental Performance

Polymer Products*

Composite Products**

Revenue (₹ Mn)

EBITDA Margins (%)

Revenue (₹ Mn)

EBITDA Margins (%)

13.4%

7,270

14.0%

8,006

15,000

12,000

9,000

6,000

3,000

10%

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

13.7%

3,119

14.7%

3,917

26%

YoY

Revenue Share 33%

18.00%

0.00%

Q4FY22

Q4FY23

Q4FY22

Q4FY23

*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

12.7%

13.3%

9,605

8,573

9,000

6,000

3,000

12%

YoY

Revenue Share 81%

0.00%

10,000

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

17.1%

18.0%

1,831

2,325

18.00%

27%

YoY

Revenue Share 19%

0.00%

Q4FY22

Q4FY23

Q4FY22

Q4FY23

*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.

FY23 Financial Snapshot

Total Income (₹ Mn)

EBITDA (₹ Mn) and Margin (%)

17.5% YoY Growth

36,528

42,932

14.2% YoY Growth

13.5%

5,809

13.9%

5,088

Particulars

India

Overseas

Volume Growth (13% YoY)

Revenue Growth (18% YoY)

Revenue Contribution

10%

13%

66%

22%

28%

34%

EBITDA Margin

13.8%

13.1%

FY22

FY23

FY22

FY23

Cash Profit Margin

PAT Margin

4.8%

9.0%

5.7%

9.3%

PAT (₹ Mn)

16.5% YoY Growth

2,191

Cash Profit (₹ Mn)

12.9% YoY Growth

▪ Highest ever Revenue, EBITDA and PAT achieved in FY23.

▪ Total Debt reduced by ₹ 152 Mn in FY23 from previous year

ended FY22.

3,947

▪ Value added products grew by 29% in FY23 as compared to

3,496

FY22, while established products grew by 15%. The company’s

focus remains to increase the share of value added products in

its revenue and improve margins

FY23

FY22

FY23

1,880

FY22

Segmental Performance

Polymer Products*

Composite Products**

Revenue (₹ Mn)

EBITDA Margins (%)

Revenue (₹ Mn)

EBITDA Margins (%)

13.8%

25,123

13.2%

28,674

48,000

45,000

42,000

39,000

36,000

33,000

30,000

27,000

24,000

21,000

18,000

15,000

12,000

9,000

6,000

3,000

14.2%

14.1%

14,221

11,376

30,000 29,000 28,000 27,000 26,000 25,000 24,000 23,000 22,000 21,000 20,000 19,000 18,000 17,000 16,000 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 0

14%

YoY

Revenue Share 67%

0.00%

25%

YoY

Revenue Share 33%

0.00%

FY22

FY23

FY22

FY23

*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 (%)

13.1%

28,964

12.4%

33,210

54,000

51,000

48,000

45,000

42,000

39,000

36,000

33,000

30,000

27,000

24,000

21,000

18,000

15,000

12,000

9,000

6,000

3,000

15%

YoY

Revenue Share 77%

0.00%

17.1%

17.3%

18.00%

7,564

9,722

29%

YoY

Revenue Share 23%

0.00%

FY22

FY23

FY22

FY23

*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.

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. 1539 Mn (P.Y. Rs. 557 Mn)

Value

FY23

FY22

YoY Growth

(₹ Mn)

Volume

Unit

FY23

FY22

YoY Growth

31,164

2,046

33,210

5,017

3,457

1,249

9,722

27,075

1,889

28,964

4,097

2,310

1,157

7,564

15.1%

8.3%

14.7%

22.5%

49.7%

7.9%

28.5%

42,932

36,528

17.5%

M.T.

Nos.

M.T.

250,025

20,755

270,780

627,339

978,912

5,154

226,270

19,304

245,574

10.3%

532,449

921,254

4,833

24.4%

12.6%

FY23 Highlights

Total capex in FY23 towards brownfield expansion, maintenance, re-engineering and automation

Established Products

Value Added Products (mainly towards IBC and CNG expansion)

▪ Capacity utilization: Overall 82%

▪ Continued focus on improving Working Capital cycle time

Consistent Dividend Paying Company

₹ 2,235 Mn.

₹ 866 Mn.

₹ 1,369 Mn.

▪ The Board of Directors have recommended a dividend of 125% i.e. ₹ 1.25 per equity share (P.Y. 100% i.e. ₹ 1.00 per equity share) of ₹ 1/- each of the

company for the year ended March 31, 2023, subject to the approval of Shareholders.

Update on RELEASE of Pledged Equity Shares

▪ Time Securities Services Private Limited (Promoter Company of Time Technoplast Limited) has fully repaid the term loan outstanding to lenders, where

62,93,120 equity shares (5.41% of Total Promoter Holding) of Time Technoplast Limited have been pledged as a collateral security.

▪ These 100% pledged shares are in the process of release on completion of internal formalities by the lenders.

▪ Subsequent to the release of above equity shares of the Company, 100% promoter equity share holding will be free from pledge.

FY23 Highlights

Industrial Packaging

▪ 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 commenced operations in April 2023.

▪ 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

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

FY23 Highlights

Composite Cylinder- LPG application

▪ Supplies on-going for 0.75 million Type-IV LPG Composite cylinders received from Indian Oil Corporation Limited (IOCL)

▪ Supply for same order quantity to begin 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 and addition of new customers in newer geographies. The Company currently has approvals in over 50

countries and is exporting Composite Cylinders to over 42 nations.

Composite Cylinder- CNG application (Cascades)

▪ During the year, Company has enhanced its annual CNG cascade manufacturing capacity by 300 cascades (18,000 cylinders) under Phase-I expansion. With

this expansion, the total annual cascade manufacturing capacity has increased to 480 cascades (28,800 cylinders).

▪ Company receiving over whelming response for CNG Cascades with Fully Wrapped Carbon Fibre Reinforced Type-IV Composite Cylinder with current order

book position of around ₹ 2.60 billion.

▪ Furthermore, due to overwhelming response and existing enhanced capacity sold out completely, the Company has undertaken Phase-Il expansion plan for

increasing the manufacturing capacity by 600 nos. cascades per annum.

▪ Subsequent to this expansion ,which will be completed by end of FY 2023-24, total manufacturing capacity will be 1080 nos. cascades per annum.

▪ Further, under this Phase-ll expansion, Company can utilise the facility to manufacture cylinders both for CNG and Green Hydrogen.

FY23 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 cylinders vis-à-vis Type-I (steel cylinders), the Company is also going to

target the secondary market in the Automobile industry

Composite Cylinder- Oxygen application

▪ During the month of April 2023, the Company has finally received approval from PESO for manufacturing of Carbon Fibre Reinforced Composite Cylinder

(Type-III) for Medical Oxygen and Breathing air.

▪ Our Company is the first and only Company in India to receive such approval.

▪ These Cylinders are used by fire fighters, mountain climbers, portable home oxygen bottles, mobile ambulance & Hospitals, Defence sector and for under

water activities.

▪ The Company has currently developed a 6.8 Litre water capacity cylinder which is the most popular size in this segment.

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

Company Overview

Time Technoplast

Leading Global

Industrial

Packaging Company

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.

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

Auto Components and Lifestyle

Fuel Tanks

Focus on Innovative & Tech

oriented polymer products

and have several firsts to our

credit-

▪ 1st to launch PE drums

to replace steel

Mats

▪ 1st to launch Tubular Gel

Batteries

▪ 1st to launch Anti-Spray Rain

Composite IBCs

Composite Cylinders

MOX Films

Flaps

DEF (Urea) Tanks

CNG Cascade

▪ 1st Plastic Fuel tanks in CVs

▪ 1st to launch IBC

▪ 1st to launch Composite Gas

cylinders

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

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 (₹)

Q4FY23

11,930

10,231

1,699

14.2%

326

454

919

267

652

636

5.3%

2.81

Q3FY23

11,307

9,777

1,530

13.5%

255

432

843

217

626

612

5.4%

2.71

Q4FY22

10,404

9,003

1,401

13.5%

226

404

771

203

568

555

5.3%

2.45

FY23

42,932

37,123

5,809

13.5%

1,052

1,709

3,048

810

2,238

2,191

5.1%

9.69

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

FY23

FY22 Particulars (₹ Mn)

FY23

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

12,989

12,319

676

837

343

702

816

357

4,234 Total Non Current Assets

14,846

14,195

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

9,951

9,430

1,014

1,650

994

9,077

8,669

941

1,626

999

23,039

21,312

408

537

38,293

36,044

226

22,467

22,693

582

2,455

811

1,012

4,278

5,647

4,060

406

150

381

10,740

38,293

*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

Others

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)

FY23

3,702

3,048

1,709

1,052

(1,506)

(656)

(2,155)

(2,246)

(1,539)

(151)

(102)

(234)

(1,052)

685

693

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

Manager – Investor Relations

+91 22 7111 9304

digvijay.rathore@timetechnoplast.com

Thank You

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.

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