Slide 1: Exchange filing cover letter: Investors' Presentation
TRIDENT/CS/2020 October 15, 2020 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers BandraKurla Complex, Bandra (E) Dalal Street Mumbai – 400 051 Mumbai – 400 001 Scrip Cod
Slide 2: Trident Limited Q2 FY21 Earnings Presentation
Trident Limited Q2 FY21 Earnings Presentation
Slide 3: Safe Harbour
Safe Harbour This presentation has been prepared by Trident Limited (the Company for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of any offer
Slide 4: Overview
Overview Textiles Paper Largest Player in terms of Terry Towel Capacity & One of the largest Highest Operating Margin among players in Home Textile Space in India Key Listed Players in India Revenue Split between segments H1 FY21 67% 17% 16% FY20 54% 26% 20% FY19 51% 30% 19% FY18 48% 33% 19% Bath &
Slide 5: Snapshot
Snapshot Key Market Statistics 15-Oct-2020 Global Presence BSE Ticker 521064 Corporate Office : Ludhiana, Punjab NSE Ticker Trident Manufacturing Facilities at: Sanghera & Dhaula, Punjab Bloomberg Code TRID:IN Budni, Madhya Pradesh Reuters TRIE.NS Marketing Offices (India): Mumbai, Gurgaon Market Pr
Slide 6: Evolution
Evolution ▪ Inception ▪ Entered Home Textile ▪ Augmented Towel ▪ Set-up Towel Unit ▪ Set-up Towel Unit-IV & First ▪ Set-up 1st Spinning with 1st Towel with Unit –II set up – III; Bed Linen Unit TEXTILES Unit Facility Manufacturing Unit ▪ Spinning with Unit- ▪ Added Spinning ▪ Added Spinning Units -
Slide 7: Key Highlights - P&L
Key Highlights - P&L ▪ Home Textile segment led the improvement in Q2 FY21 current quarter with Bed Linen Segment registering TOTAL INCOME (INR CR) revenue growth of 48% on Y-o-Y basis. PBT (INR CR) ▪ Enhanced captive consumption of yarn within 1175 -11% 132 -11% Home Textile segment impacted the to
Slide 8: Key Highlights - B/S
Key Highlights - B/S as on Sep 30, 2020 ▪ Repayment of Long Term Debt by INR 583 Crores in H1 FY21 including prepayment of term loans NET DEBT (INR CR) LT DEBT (INR CR) amounting to INR 373 Crores 948 -666Cr 483 -568Cr ▪ Net Debt reduced significantly as on Sep 30, 2020 to INR 948 Crores as compared
Slide 9: P&L Statement (S)
P&L Statement (S) Particulars Q2 FY21 Q1 FY21 Shift Q2 FY20 Shift H1 FY21 Total Income 1174.6 713.4 +64.7% 1325.6 -11.4% 1887.9 EBITDA 226.9 118.7 +91.2% 259.0 -12.4% 345.7 EBITDA % 19.3% 16.6% +268bps 19.5% -22bps 18.3% Depreciation 83.1 82.4 0.8% 84.9 -2.1% 165.5 EBIT 143.8 36.3 +296.3% 174.1 -17.
Slide 10: Dividend Payout
Dividend Payout Div. Amt. Year Total Div% (INR Per Share) Type %age Dividend Payout Ratio 3rd Interim 18% 65% FY20 36% 0.36/- 2nd Interim 9% 50% 1st Interim 9% 35% 27% Final 6% 3rd Interim 12% FY19 30% 0.30/- FY17 FY18 FY19 FY20 2nd Interim 6% 1st Interim 6% Historical Dividends (%age of Face Value)
Slide 11: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: The company has shown high resilience and bounced back strongly with a good performance despite challenging circumstances While overall economic environment continues to be uncertain due to Covid-19
Slide 12: Textile - Financials
Textile - Financials Sales (INR Crores) EBIT (INR Crores) 1094 991 114 115 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 Capacity Utilization Towel I 000’ to s Bed Linen (In mn. meters) Yarn I 000’ to s 100 49% 48% 29% 61% 65% 38% 90% 98% 92% 49% 94% 105 % 90 50 63% 60% 95% 85% 120 95% 55% 80 85% 100 75% 40 70 75
Slide 13: Paper - Financials
Paper - Financials Sales (INR Crores) EBIT (INR Crores) 228 83 181 49 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 Capacity Utilization (Tonnage Basis) Copier v/s Non-Copier 89% 86% 56% 80% 95% 180 85% 160 75% 140 65% 120 55% 100 45% 80 35% Copier 60 45% 175 175 175 175 25% Q2 FY21 40 55% 15% 20 0 5% Non-Copier
Slide 14: Financial Performance
Financial Performance Revenue (INR Cr) EBIDTA (INR Cr) EBIDTA EBIDTA % 1326 1175 400 24. 0% 19.5% 350 19.3% 22. 0% 300 20. 0% 250 200 18. 0% 150 16. 0% 100 50 259 227 14. 0% 0 12. 0% Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 PAT (INR Cr) Interest Coverage Ratio PAT PAT Margin 18.45 250 15. 0% 200 10.3% 13. 0%
Slide 15: Financial Performance
Financial Performance Net Debt D/E Ratio Net Worth ROE Net Debt (INR Cr.) Net Worth (INR Cr) 300 0 1.0 1.2 16.6% 250 0 0.8 1.0 300 0 15.0% 18. 0% 250 0 13.3% 9.0% 16. 0% 200 0 0.5 0.8 200 0 14. 0% 12. 0% 0.3 150 0 0.6 10. 0% 150 0 8.0 % 100 0 0.4 2621 2344 1614 2003 2241 2276 2453 100 0 6.0 % 948 4.
Slide 16: Key Ratios
Key Ratios Particulars (INR crore) H1 FY21 FY20 FY19 Return on Capital Employed* 10.4% 12.5% 14.1% Return on Equity* 9.0% 15.0% 16.6% Interest Coverage 9.8 7.8 9.1 Net Debt to Equity 0.3 0.5 0.8 Net Debt / EBITDA 1.4 1.9 2.3 *Excludes fair valuation of land as per IND – AS Credit ▪ CRISIL AA-/ CARE
Slide 17: Balance Sheet (S)
Balance Sheet (S) As on As on As on As on Particulars (INR crore) Sep 30, 2020 Mar 31, 2020 Particulars (INR crore) Sep 30, 2020 Mar 31, 2020 Source of Funds Application of Funds Equity 3143.8 2966.9 Non Current Assets 3856.9 3975.0 Property, Plant & Equipment 3450.3 3573.4 Equity Share Capital 509.
Slide 18: Thank You
For more information about us, please visit www.tridentindia.com Abhinav Gupta/ Ankit Mahajan Investor Relations, Trident Limited Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: abhinavgupta@tridentindia.com; ankitmahajan@tridentindia.com Thank You Q2 FY21 Earnings Presentation - Trident Ltd. 17