Slide 1: Trident Limited Corporate Presentation
Trident Limited Corporate Presentation June - 2016 Home Textiles | Paper
Slide 2: Safe Harbour
Safe Harbour No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the
Slide 3: Table of Content
Table of Content 1 Trident Overview 2 Textiles – Business Highlights 3 Paper – Business Highlights 4 Strengths & Strategy 5 CSR Initiatives & Awards 6 About Us & Investor Contacts Corporate Presentation - Trident Ltd. 3
Slide 4: Trident Overview
~ A TRIOENT ™ 4 iN f Being different is normal reat ~ k-.--" ay i A ee joa ; Trident Overview seu
Slide 5: Trident Perspective
Trident Perspective … 25 years of being different Manufacturing Facilities Trident Limited Barnala, Punjab Textiles Paper Budni, MP Worlds Largest Integrated Worlds Largest Wheat straw Terry Towel Manufacturer based Paper Manufacturer One of the Worlds Largest Eco friendly technology Integrated Home
Slide 6: Milestones
… Milestones Towel Towel Towel Towel Bed Linen Home Textiles Unit-I Unit-II Unit-III Unit-IV Unit 1 Spinning Spinning Spinning Spinning Spinning Spinning Spinning Spinning Spinning Yarn Unit-I Unit-II Unit-III Unit-IV Unit-V Unit-VI VII & VIII Unit-IX Unit-X Paper Paper Copier Paper Unit-I Unit-II P
Slide 7: Capacities
Capacities Capacities Business Operations Division Product Capacity Terry Towels 688 Looms Bed Linen 500 Looms Home 5.55 Lac Textiles Spindles Yarn 5,504 Rotors Dyed Yarn 6,825 TPA Paper 1,75,000 TPA Paper & Chemicals Chemicals 100,000 TPA Captive Energy 50 MW Power Corporate Presentation - Trident
Slide 8: Delivering Value
…Delivering Value Revenue Growth Export Growth 3706 2150 1803 840 706 330 294 135 47 4 1995 2000 2005 2010 2016 1995 2000 2005 2010 2016 EBITDA Growth PBT Growth 751 277 356 93 146 66 61 7 4 4 1995 2000 2005 2010 2016 1995 2000 2005 2010 2016 (INR Crore) Corporate Presentation - Trident Ltd. 8
Slide 9: Financial Highlights FY
Financial Highlights- FY 16 94% 80% 502 Growth bps Growth Growth ROE EPS PAT PAT Margin: 6.2% INR 228Cr. INR 4.44 13.12% 34% Cash Accrual Finance Cost 8% 29% EBIDTA Growth Decline Growth EBIDTA Margin: 20.3% INR 751Cr. INR 136Cr. INR 566Cr. Corporate Presentation - Trident Ltd. 9
Slide 10: Profit & Loss Abstract - Standalone
Profit & Loss Abstract - Standalone Particulars (INR Crore) Q4 FY16 Q4FY15 Growth % FY2016 FY2015 Growth % Net Revenues 968.0 976.8 -0.9% 3705.8 3779.2 -1.9% Total Expenditure 773.8 783.1 -1.2% 2964.1 3092.9 -4.2% - Material Consumed 449.6 478.6 -6.1% 1735.9 1929.6 -10.0% - Other Costs & Expenses 32
Slide 11: Balance Sheet Abstract
Balance Sheet Abstract Particulars (Rs. crore) As on March 31, 2016 As on March 31, 2015 Sources of Funds Share Capital - Equity Capital 509.37 508.64 - Preference Capital (Non-convertible) 60.00 0.00 Reserves and Surplus 1,172.29 946.68 Long Term Borrowings 2,136.50 1,396.10 Other Non Current Liabi
Slide 12: Key Financial Parameters
Key Financial Parameters Total Debt (INR crore) Debt : Equity (x) Debt Repayment of INR 462.2 crore in 3.4 FY16 3,368 3.2 Includes Prepayment of high 2,580 cost debt of INR 90.5 crore 2,284 2,240 2.0 1.9 1,862 1.8 Debt / Equity Ratio stands at 1.92:1 Net Debt / Equity Ratio stands at 1.86:1 Gross an
Slide 13: Home Textiles Industry Overview
Home Textiles Industry Overview
Slide 14: Global Home Textile Industry
Global Home Textile Industry Global Home Textiles Sector Global Home Textiles Market 120 Global Home Textiles market is expected to grow at a CAGR of 96 ~5% for the period 2012-2017 100 86 Bed and Bath Linen together constitute about 21% of the total 80 74 USD billion Home Textiles industry by volum
Slide 15: Global Home Textile Industry
Global Home Textile Industry Category wise Share of Global Trade (2015) (Value) Major Terry Towel (cotton) supplies to US (%) 120% Bed Linen 100% 10% 20% 16% 15% 16% 15% 8% Curtains 24% 80% ROW 23% 24% 22% 23% 23% 49% Bath Linen 60% 22% Pakistan 18% 26% 26% 26% 27% 25% Blankets 40% 23% China 10% Oth
Slide 16: Domestic Home Textiles Industry
Domestic Home Textiles Industry Indian Home Textiles Industry Indian Home Textiles Sector 9 8.2 8 India’s home textile industry is expected to expand at a CAGR of 7 8.3 per cent during 2014–21 6 5.5 USD billion 5 3.7 India accounts for 7 per cent of global home textiles trade. 4 3 Superior quality m
Slide 17: Advantage – Make in India
Advantage – “Make in India” Large Capacities Raw Material Availability Talent Pool & Cheap Workforce India is among the only textile Design skills vis-à-vis commoditized India’s share of spinning capacities manufacturing country to be net products and cheaper labor costs viz. USD have improved signi
Slide 18: Robust Growth to Continue
Robust Growth to Continue 1 2 3 4 Shift in sourcing base from FTA & Domestic New Markets Favorable China to India Govt. Policies • Growing demand domestic • Design led products compared • Removal of 5-10% of in new markets demographics to commoditized products import duties on like Latin America • R
Slide 19: Trident Home Textiles Business Highlights
Trident Home Textiles Business Highlights
Slide 20: World's Largest Integrated Home-Textile Manufacturer
World’s Largest Integrated Home-Textile Manufacturer Terry Towel Looms Bed Linen Looms Spindles (Lacs) Rotors 5.55 FY16 688 688 Export : Domestic Mix 500 3.65 3.65 3.65 3.65 30% 388 388 388 5504 5504 70% 3584 3584 3584 Export Domestic FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 The World’s lar
Slide 21: Annual Financial Highlights
Annual Financial Highlights Revenues (INR crore) EBITDA (INR crore) Improvement in margin profile due 560 505 537 to healthy margins in Terry Towel 3,046 2,960 2,904 business 421 2,626 2,096 242 EBITDA increased by 6.3% during the year to INR 537 crore compared to INR 505 crore FY12 FY13 FY14 FY15 F
Slide 22: Branding Campaign
Branding Campaign Premium Range Towels Mid Range Towels Bed Sheeting Range Corporate Presentation - Trident Ltd. Home Textiles 22
Slide 23: Trident Innovations
Trident Innovations Yarn Technology Design/ Construction Finish/ Treatment Corporate Presentation - Trident Ltd. Home Textiles 23
Slide 24: Way Forward
Way Forward Focus on optimally utilizing global scale capacities Significant Free Cash flows Robust Free Cash flow anticipated with major Capex generation expected going cycle getting over Branding strategy to target premium forward customer segment in Home Textiles To reduce Long-term debt in a On-
Slide 25: Paper Industry Overview
Being different is normal
Slide 26: Domestic Paper Industry
Domestic Paper Industry Indian Paper Sector 25 Annual Output Ranked 15th Globally Metric Tonnes 20 Annual Output > 13.5 million tonnes 15 10 20.00 Demand expected to grow at 7-8% 13.95 5 11.15 100% FDI Allowance 0 2012 2016 E 2020 E Demand Drivers Paper Consumption break-up Rising Literacy among all
Slide 27: Trident Paper Business Highlights
Trident Paper Business Highlights
Slide 28: World's Largest Wheat Straw based Paper Manufacturer
World’s Largest Wheat Straw based Paper Manufacturer Agro-residue (wheat straw) and ECF pulp used to Paper (tpd) Pulp (tpd) manufacture paper 500 450 450 450 450 450 400 Customers across 50 countries including India, Middle East, Africa, US, Latin America and UK, 300 265 265 265 265 265 among others
Slide 29: Annual Financial Highlights
Annual Financial Highlights Revenues (INR crore) EBITDA (INR crore) EBIT increased by 10.86%, to INR 263 836 818 802 230 239 164.8 crore compared to INR 725 653 194 148.7 crore 115 EBITDA increased by 10.2% during the year to INR 262.9 crore from INR 238.6 crore FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY
Slide 30: Way Forward
Way Forward Market Analytics & 1 Customer Insight Driven Launched “Trident DigiprintTM” a premium copier paper of 100 GSM for Digital Printing Increased production of copier segment to ~50% of total paper production Geared towards high margin copier segment Continuous focus on spreading customers ge
Slide 31: Strengths & Strategy
Strengths & Strategy
Slide 32: Strength & Strategy
Strength & Strategy Vertical Integration ___________________________________________ Vertically integrated operations (cotton-to-terry towel and cotton-to-bed linen) - ensure greater sustainability in performance going forward Enter New Markets ________________________________________ Spreading cust
Slide 33: Value Chain
Value Chain Sustainable Higher Margins Cotton Marketing & Procurement Weaving Branding 688 looms of Adopted 200 Towel Exporting to villages and provided agricultural education Yarn 500 looms of more than 100 for ensuring superior Production Bed Linen Processing countries in 6 quality cotton Focus on
Slide 34: Key Differentiators
Being Different is Normal • Integrated Model from Cotton • Product Mix : Yarn, Towel, KEY DIFFERENTIATORS De-risked Integrated Spinning - Weaving - Processing - Bed Linen, Paper Business Model Cut Stitch Pack -Branding • Geographic diversification : US, EU, ROW and Domestic • Preferred Supplier to G
Slide 35: Risk Management
Risk Management Mitigating Multi Dimensional Risks • Integrated Business • Forex Risk Management Model ensures that Cotton Price Foreign Policy in place where all volatility in Cotton Prices Volatility are absorbed in Yarn Currency the positions are taken as per Risk Mitigation Policy Prices which a
Slide 36: Moving up the Value Chain
Moving up the Value Chain Entered Home Textiles From YARN to HOME TEXTILES segment in 1998 20% 25% 40% 60% 75% 80% Transformed from a Yarn player to a fully-integrated Home Textiles manufacturer Corporate Presentation - Trident Ltd. 36
Slide 37: CSR Initiatives & Awards
CSR Initiatives & Awards
Slide 38: CSR Initiatives
CSR Initiatives Leadership Self Managed Teams Empowering 50+ women across 62% female members use organization in residential facility our Women - management roles within campus ASMITA Rewards & Earnability Recognition Enhancement More than 20% 32 awards bestowed on female Opportunity to earn1.5times
Slide 39: CSR Initiatives
CSR Initiatives Sustaining recovery and reuse of waste water – ensuring Zero Liquid Discharge Zero liquid discharge facility for complete Towel processing, saving fresh water of 6 million litres/day. The facility has a biological plant for bio-degradation of waste water and RO system to recover 92%
Slide 40: CSR Initiatives
CSR Initiatives Shiksha Potsahan Rewards the poor & Brilliant students for their excellent academic performance & provide playground essentials for their holistic development of these kids in Tribal & remote areas of District Sehore MP. Mobile Dispensary Fully Equipped Mobile Dispensary Launched to
Slide 41: Awards & Accolades
Awards & Accolades 4 Walmart Supplier of the Year 1 National Energy Conservation Awards (NECA) awards JCPenney - Best Supplier, 1 Punjab Safety Awards 4 Innovation, Quality Awards 1 D&B – ECGC: Exporter’s Excellence Awards 3 Corporate Governance Awards - Best Diversified Exporter (Runner-Up) - Best
Slide 42: About Us
About Us Trident Limited is the flagship company of Trident Group, a USD 1 billion Indian business conglomerate and a global player. Headquartered in Ludhiana, Punjab, Trident is the largest terry towel and wheat straw based paper manufacturer in the world. With the establishment of the state-of-the