TIMETECHNONSE10 August 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

August 10, 2023

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

(Consolidated & Standalone) Financial Results declared for the Quarter ended June 30, 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), Murnbai - 400 072 INDIA Tel. : 91-22-7111 9999 Fax : 91-22-2857 5672 E-mail : tt@timetechnoplast.com Website : www.limetechnoplast.com : (033) 46037097/98 Bangalore

: (080) 26608056/61 Baddi : 9816720202/9816700202/9816820202 Chennai (044) 4501 0019/29 Delhi : (0120) 4326144/4284946 Hyderabad : 9849019428 Kolkata

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 Q1 FY 2024

M A N A G E M E N T

C O M M E N TA R Y

“We are pleased to begin the year on an encouraging note with a good year-on-year (Y-o-Y) volume growth of 18% and revenue growth of 14% driven by demand in Industrial Packaging and robust growth in CNG Composite Cylinder business (83%). Profit after Tax (PAT) for Q1 also increased by 26% Y-o-Y led by higher utilization of capacities. Demand for Type-IV Composite cylinders for CNG Cascades continues to be robust with an order book position of ₹ 2,450 million (appx.). With strong growth in sales of Value-Added products i.e., Composite cylinder (LPG and CNG) along with stable core Industrial packaging business, we are highly optimistic of a strong performance for the full year.”

Mr. Bharat Kumar Vageria Managing Director

Table Of Content

Financial Highlights

Company Overview

Appendix

Financial Highlights

Q1FY24 Financial Snapshot

Total Income (₹ Mn)

EBITDA (₹ Mn) and Margin (%)

14.3% YoY Growth

19.4% YoY Growth

9,450

10,803

13.1%

1,242

13.7%

1,482

Particulars

India

Overseas

Volume Growth (18% YoY)

Revenue Growth (14% YoY)

Revenue Contribution

19%

15%

63%

17%

13%

37%

EBITDA Margin

13.9%

13.4%

Q1FY23

Q1FY24

Q1FY23

Q1FY24

Cash Profit Margin

PAT Margin

4.5%

9.1%

6.3%

9.8%

PAT (₹ Mn)

26.4% YoY Growth

444

Cash Profit (₹ Mn)

19.4% YoY Growth

561

1,026

859

▪ Total Debt reduced by ₹ 318 Mn in Q1FY24 from year ended

FY23.

▪ Net cash from Operating Activities in Q1FY24 is ₹ 743 Mn

▪ Value added products grew by 24% in Q1FY24 as compared to

Q1FY23, while established products grew by 12%. The

company’s focus remains to increase the share of value added

products in its revenue and improve margins.

Q1FY23

Q1FY24

Q1FY23

Q1FY24

Segmental Performance

Polymer Products*

Composite Products**

Revenue (₹ Mn)

EBITDA Margins (%)

Revenue (₹ Mn)

EBITDA Margins (%)

12.9%

6,323

13.3%

7,135

15,000

12,000

9,000

6,000

3,000

13%

YoY

Revenue Share 66%

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%

14.5%

3,122

3,658

17%

YoY

Revenue Share 34%

18.00%

0.00%

Q1FY23

Q1FY24

Q1FY23

Q1FY24

*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 (%)

12.1%

7,369

12.7%

8,232

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

12%

YoY

Revenue Share 76%

0.00%

24%

YoY

Revenue Share 24%

16.8%

17.0%

18.00%

2,081

2,571

0.00%

Q1FY23

Q1FY24

Q1FY23

Q1FY24

*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

Value

Volume

Q1FY24

Q1FY23

YoY Growth

(₹ Mn)

Unit

Q1FY24

Q1FY23

YoY Growth

7,819

413

8,232

1,312

914

344

2,571

7,006

363

7,369

1,147

626

308

2,081

11.6%

13.8%

11.7%

14.4%

46.0%

11.6%

23.5%

M.T.

Nos.

M.T.

10,803

9,450

14.3%

62,548

3,730

66,278

53,902

3,065

56,967

16.3%

1,55,335

1,94,219

1,487

1,30,700

1,74,180

1,297

25.0%

17.9%

*Includes business from CNG cylinders of Rs. 552 Mn (P.Y. Rs. 301 Mn); CNG Cylinder business growth of 83.4%

Q1FY24 Highlights

Total capex in Q1FY24 towards brownfield expansion, maintenance, re-engineering and automation

Established Products

Value Added Products (mainly towards IBC and CNG expansion)

▪ Capacity utilization: Overall 80%

▪ Continued focus on improving Working Capital cycle time

Industrial Packaging

₹ 435 Mn.

₹ 180 Mn.

₹ 255 Mn.

▪ During the quarter, commercial operations commenced at 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.

▪ 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

▪ Healthy order book position of ₹ 1.80 billion

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

Q1FY24 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)

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

order book position of around ₹ 2.45 billion.

▪ 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. The current annual cascade manufacturing capacity is 480 cascades (28,800 cylinders).

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

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

Q1FY24 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 quarter, 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.

Q1FY24 Highlights

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

Update on RELEASE of Pledged Equity Shares

▪ In May 2023, Time Securities Services Private Limited (Promoter Company of Time Technoplast Limited) informed that they had 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.

▪ On completion of internal formalities by the lenders, these 100% pledged shares were released.

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

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

Auto Components

Drums & Containers

Jerry Cans

Conipack Pails

HDPE Pipes

Energy Storage Devices

Focus on Innovative & Tech

oriented polymer products

and have several firsts to our

credit-

▪ 1st to launch PE drums

to replace steel

Composite IBCs

Composite Cylinders (LPG, CNG and Oxygen)

MOX Films

▪ 1st to launch Tubular

Gel Batteries

DEF (Urea) Tanks

Composite Air Tank

Hydraulic Oil Tank

▪ 1st to launch Anti-Spray

Rain Flaps

▪ 1st Plastic Fuel tanks in CVs

▪ 1st to launch IBC

and more…

▪ 1st to launch Composite

Gas cylinders

r e m y l o P e v i t a v o n n I

s t c u d o r P

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 (₹)

Q1FY24

10,803

9,321

1,482

13.7%

264

455

763

192

571

561

5.2%

2.48

Q1FY23

9,450

8,208

1,242

13.1%

231

407

604

152

452

444

4.7%

1.96

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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