Time Technoplast Limited - Interim / Quarterly Report 2021

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Earnings Presentation

Q1-FY21 August 2020

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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

Mana ement Commentar g y

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Mr. Anil Jain

MD and CEO

“The Company’s Indian operations which account for 70% of total revenue, were subject to strict lockdown for a large part of this quarter. It was only in phase-3 and in phase-4 of the lockdown, that the company resumed operations subject to the limitations and strict health guidelines. Overseas units were not as severely impacted as they were able to get permission from the respective governments to run plants. Overall production is ramping up month on month basis and we expect to return to normalcy by end of H1FY21. However, it would be premature and slightly difficult for us to make a correct assessment of the impact on the operational results and financial health of the Company for the full year. The Company underwent new style of working specially, working from home, digitalized banking and use of latest communication / technology tools.”

Table Of Content

Quarter Hi hli hts g g

6 Ke Develo ments y p

Com an Overview p y

A endix pp

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Safe Harbour

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 forwardlooking 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.

Q1FY21 Financial Hi hli hts g g

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Total Income (₹ Mn) EBITDA (₹ Mn) and Margin (%) PAT (₹ Mn) Cash Profit (₹ Mn)
14.6% 438 841
8,684
11.4%
1,267
4,755
259
542
-117
Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21
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Note: Owing to the lockdown imposed due to COVID-19 pandemic during the quarter, the results for Q1 FY21 are not comparable to the corresponding period of the previous year

Particulars	India	Overseas
Volume Growth (-43%)	-51%	-25%
Revenue Growth (-45%)	-53%	-27%
Revenue Contribution	59%	41%
EBITDA Margin	11.1%	11.8%
PAT Margin Cash Profit Margin (5.5%)	-4.8% 4.3%	0.9% 7.1%

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as
in
in
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Total Debt in Q1FY21 reduced to ₹8,162 Mn as against ₹8,320 Mn in FY20
Net cash from Operating Activities in Q1FY21 is ₹362 Mn

 Value added products de-grew by 42.2% in Q1FY21 as compared to Q1FY20. This is lower than the de-growth in established products of 46.0%. The share of value added products is 21.3% of total sales in Q1FY21 as against 20.1% in Q1FY20. The company’s focus remains to increase the share of value added products in its revenue and improve margins.

Key Developments

Appendix

Company Overview

Quarter Highlights

Se mental Performance g

Polymer Products[*]

Composite Products[**]

Revenue Share

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EBITDA Margins (%)

Revenue (₹ Mn)

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6,158
14.6%
11.4%
3,334
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14.6%
11.5%
2,523
1,418
Q1 FY20 Q1 FY21
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Q1 FY20 Q1 FY21

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, Energy storage devices, Auto Products and Steel Drums.

Note: Owing to the lockdown imposed due to COVID-19 pandemic during the quarter, the results for Q1 FY21 are not comparable to the corresponding period of the previous year

Appendix

Company Overview

Key Developments

Quarter Highlights

Q1FY21 O erational Hi hli hts p g g

Total capex in Q1FY21	₹145 Mn
Established Products for capacity expansion, re-engineering and automation	₹63 Mn
Value Added Products	₹82 Mn

Capacity utilization: Overall 45% (India: 38%; Overseas: 56%)

Industrial Packaging

Completed Greenfield expansion at Chicago & Houston , USA and company is receiving overwhelming response
Company has commenced production in August, 2020 its third green field manufacturing facility at IOWA in USA, for manufacturing of packaging products i.e. IBC and large sized drums for servicing to the customers in local surrounding regions.
Brownfield expansion in India and overseas locations continues for future growth and leveraging of existing infrastructures

Pipes

Healthy Order Book continues in our PE Pipe business of ~₹3,250 Mn
Supply of newly launched new generation multilayer PE pipes for power /communication cable duct with silicon in-lining continues to get overwhelming business. The pipes/ducts have substantial business potential specially in Smart Cities.

Composite Cylinder

The Company is getting overwhelming response from customers for Composite Cylinder for use in filling of LPG.
The Company has received in August 2020 coveted approval from Petroleum And Explosives Safety Organization (PESO) and Bureau Veritas for the first time for Indian Cylinder under International Standard ISO:11119-3:2013 as applicable for manufacturing of Fully Wrapped Carbon Fibre Reinforced Type-IV Composite Cylinder for CNG Cascades. This highly technical product has huge business potential and has been developed by Company’s R&D Team in last 3 years.

MOX

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.
Focusing on new export markets i.e. Thailand, Malaysia, Germany, UK & USA

Appendix

Company Overview

Key Developments

Quarter Highlights

Time Techno last p

Business Mix

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

Established Products Value-Added Products Industrial Packaging Infrastructure Technical & Lifestyle Intermediate Composite MOX Film Polymer Drums, Polyethylene (PE) Pipes, Turf & Matting, Bulk Cylinders (Techpaulin) Disposable Bins, Container Jerry Cans, Energy storage devices Auto Products (IBC) Pails

Marquee Clients

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Chemicals Petrochemicals Auto Others BASF, Huntsman, Bayer, Shell, Indian Oil, Gulf, Ashok Leyland, Tata Cargill, GE, L&T, Nestle, Aditya Birla Chemicals, ExxonMobil, Total, etc. Motors, Eicher Motors, Wipro, LEAP India, Etc. Volvo, Etc. Du Pont, Dow, Eco Lab, Solvay, Etc.

Company Overview

Appendix

Quarter Highlights

Key Developments

Product Portfolio

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Revenue Share – FY20
Drums & Containers Jerry Cans Conipack Pails HDPE Pipes DWC Pipes Energy Storage
Devices
Established
Products
81%
Rain Flaps Fuel Tanks Mats
19%
Value-Added
Products
Composite Cylinders Composite IBCs MOX Films
CNG Type IV Composite Cylinder
DEF (Urea) Tanks CNG Cascade Composite Air Tanks Tech Pack : Smart can
for Vehicles ( On Board Application)
Quarter Highlights Key Developments Company Overview Appendix 8
Brand
Product
Brand
Established Products
Product
Brand
Products
Value Added Product
New
Development
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Consolidated Income Statement

Particulars (₹Mn)	Q1FY21	Q4FY20	Q1FY20
Total Income	4,755	9,171	8,684
Total Expenses	4,213	7,980	7,417
EBITDA	542	1,191	1,267
EBITDA Margin (%)	11.4%	13.0%	14.6%
Finance Cost (Net)	253	260	275
Depreciation	375	370	394
PBT	(86)	561	598
Tax	30	158	151
PAT before Minority Interest	(116)	403	447
Minority Interest	1	20	9
PAT after Minority Interest	(117)	383	438
PAT Margins (%)	(2.5%)	4.2%	5.0%
Cash Profit	259	773	841
EPS (INR)	(0.52)	1.69	1.94

Note: : Owing to the lockdown imposed due to COVID-19 pandemic during the quarter, the results for Q1 FY21 are not comparable to the corresponding period of the previous year

Appendix

Company Overview

Quarter Highlights

Key Developments

Historical Consolidated Income Statement

Particulars (₹ Mn)	FY20	FY19	FY18
Total Income	35,803	35,670	31,049
Total Expenses	30,792	30,402	26,297
EBITDA	5,012	5,267	4,752
EBITDA Margin (%)	14.0%	14.8%	15.3%
Finance Cost(Net)	1,082	986	875
Depreciation	1,562	1,461	1,372
PBT	2,367	2,819	2,505
Tax	617	734	652
PAT before MinorityInterest	1,750	2,085	1,853
Minority Interest	59	58	49
PATafter Minority Interest	1,691	2,027	1,804
PAT Margins (%)	4.7%	5.7%	5.8%
Basic & Diluted EPS [INR]	7.48	8.96	7.98

Appendix

Company Overview

Quarter Highlights

Key Developments

Historical Consolidated Balance sheet

istorical Consolidated Balance sheet
Particulars (₹ Mn) FY20 FY19 Equity & Liabilities Shareholder's Funds Share Capital 226 226 Other Equity 17,925 16,466 Total Shareholder's Fund 18,151 16,692 Minority Interest 521 463 Non-Current Liabilities Long-Term Borrowings 3,315 3,183 Lease Liabilities* 581 Deferred Tax Liabilities (Net) 792 730 Total Non Current Liabilities 4,688 3,913 Current Liabilities Short-Term Borrowings 4,309 4,231 Trade Payables 4,435 4,749 Other Financial Liabilities 776 991 Other Current Liabilities 350 452 Short-Term Provisions 106 92 Current Tax Liabilities 307 415 Total Current Liabilities 10,283 10,930 TOTAL - EQUITY AND LIABILITIES 33,643 31,998	Particulars (₹ Mn) FY20 FY19
	ASSETS

	Non-Current Assets
	Fixed Assets
	Property, Plant & Equipment 12,857 12,785
	Intangible Assets 4 6
	Capital Work-in-Progress 805 983
	Right-to-Use Assets* 633
	Others Financial Assets/Long Term Loans & Advances 294 274

	Total Non Current Assets 14,593 14,048

	Inventories 7,577 7,373
	Trade Receivables 8,207 7,842
	Cash and Cash Equivalents & Bank Balance 825 666
	Other Advances 1,677 788
	Other Current Assets 764 1,281
	Total Current Assets 19,050 17,950

	TOTAL - ASSETS 33,643 31,998

Assets and liablities created in compliance of IND AS – 116 effective from 1[st ] April, 2019 for long term properties (offices and factories) taken on rental basis.

Appendix

Company Overview

Quarter Highlights

Key Developments

Ca ital Market Information p

Marquee Investors as on 30th June 2020	(% of Total Equity)
NT Asian Discovery Fund	14.7
HDFC Trustee	9.0
		Promoter
Kapitalforeningen Investin Pro - Dalton	3.8
Grandeur Peak	3.6

Total Shareholders > 30,000

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Public
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15%
10%
51%
24%
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Mutual
Funds
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FIIs and Foreign Companies

Appendix

Company Overview

Quarter Highlights

Key Developments

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For further information, please contact: Mr. Digvijay Singh Rathore Mr. Siddesh Chawan Manager– Investor Relations Christensen IR +91 22 7111 9648 +91 22 4215 0210 [email protected] [email protected]

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“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.

AI assistant

Time Technoplast Limited Interim / Quarterly Report 2021

61528_rns_2020-08-29_836152cb-8e49-41b8-a6c8-5adaf81da1dc.pdf

Earnings Presentation

Mana ement Commentar g y

Mr. Anil Jain

MD and CEO

Table Of Content

Com an Overview p y

Safe Harbour

Q1FY21 Financial Hi hli hts g g

Se mental Performance g

Polymer Products[*]

Composite Products[**]

Revenue Share

EBITDA Margins (%)

Revenue (₹ Mn)

Q1 FY20 Q1 FY21

Q1FY21 O erational Hi hli hts p g g

Industrial Packaging

Pipes

Composite Cylinder

MOX

Time Techno last p

Business Mix

Marquee Clients

Product Portfolio

Consolidated Income Statement

Historical Consolidated Income Statement

Historical Consolidated Balance sheet

Ca ital Market Information p

Total Shareholders > 30,000

© 2020 Time Technoplast Limited, All Rights Reserved.

AI assistant

Time Technoplast Limited — Interim / Quarterly Report 2021

61528_rns_2020-08-29_836152cb-8e49-41b8-a6c8-5adaf81da1dc.pdf

Earnings Presentation

Mana ement Commentar g y

Mr. Anil Jain

MD and CEO

Table Of Content

Com an Overview p y

Safe Harbour

Q1FY21 Financial Hi hli hts g g

Se mental Performance g

Polymer Products[*]

Composite Products[**]

Revenue Share

EBITDA Margins (%)

Revenue (₹ Mn)

Q1 FY20 Q1 FY21

Q1FY21 O erational Hi hli hts p g g

Industrial Packaging

Pipes

Composite Cylinder

MOX

Time Techno last p

Business Mix

Marquee Clients

Product Portfolio

Consolidated Income Statement

Historical Consolidated Income Statement

Historical Consolidated Balance sheet

Ca ital Market Information p

Total Shareholders > 30,000

© 2020 Time Technoplast Limited, All Rights Reserved.

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Time Technoplast Limited Interim / Quarterly Report 2021