Slide 1: Q3 FY18 Earnings Presentation
ADDING THE POWER OF POSSIBILITIES Trident Limited POWER OF PROBABILITIES. TO THE Q3 FY18 Earnings Presentation
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 t
Slide 3: Overview
Overview Textiles Paper Largest Player in terms of Terry Towel Capacity & One of the Textile largest players in Home Textile Space in India Highest Operating Margin Paper among Key Listed Players in India HOME TEXTILE Revenue Split between segments 9MFY18 47% 34% 19% FY17 49% 33% 18% FY16 46% 32% 22
Slide 4: Snapshot
Snapshot Key Market Statistics 29-Jan-2018 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 Kolkata,
Slide 5: Textile
Textile Sales (INR Crores) EBITDA (INR Crores) +1% -17% 600 +8% 25.0% 24.9% 24.8% 24.7% 24.6% 24.5% 24.4% 24.3% 24.2% 24.1% 24.0% +3% 23.9% 23.8% 23.7% 23.6% 23.5% 23.4% 23.3% 23.2% 23.1% 23.0% 22.9% 22.8% 22.7% 22.6% 22.5% 500 17.7% 22.4% 22.3% 22.2% 22.1% 22.0% 21.9% 21.8% 21.7% 21.6% 21.5% 21.4%
Slide 6: Market Updates
Market Updates USD / INR Currency Chart From Apr’16 to From Sep’17 to Sep’17 Rupee has 70 Dec’17 Rupee has appreciated 68 around 1.6% appreciated compared to US around 2.3% 66 Dollar 64 compared to US Dollar 62 60 01/Apr/16 01/Jun/16 01/Aug/16 01/Oct/16 01/Dec/16 01/Feb/17 01/Apr/17 01/Jun/17 01/Aug
Slide 7: Market Updates
Market Updates Cotton Prices (INR / Candy) From Apr’16 From Sep’17 to 55000 to Sep’17 50000 Dec’17 Cotton Cotton price 45000 price was up was up 40000 more than more than 8% 35000 14% 30000 25000 01/Apr/16 01/Jun/16 01/Aug/16 01/Oct/16 01/Dec/16 01/Feb/17 01/Apr/17 01/Jun/17 01/Aug/17 01/Oct/17 01/D
Slide 8: Paper
Paper Sales (INR Crores) EBITDA (INR Crores) +27% +5% 650 648 300 39.0% 43.2% 50.0% 37.1% 33.8% 250 40.0% 200 30.0% 224 223 150 100 20.0% 220 280 83 87 50 10.0% 0 0.0% Q3 Q3 9M FY17 9M FY18 Q3 Q3 9M FY17 9M FY18 FY17 FY18 FY17 FY18 EBIDTA EBIDTA % EBIT (INR Crores) Copier Paper Sales +42% (Volume Tr
Slide 9: Key Highlights - P&L
Key Highlights - P&L 9M FY18 ▪ Bed Linen registered 44% volume growth in 9M FY18 compared to the same period last year. REVENUE (INR CR) PAT (INR CR) 3533 +1% 213 -10% ▪ Bath Linen registered 12% volume de-growth in 9M FY18 compared to the same period last year 9MFY17: 3502 9MFY17 : 237 due to prolo
Slide 10: Key Highlights - B/S
Key Highlights - B/S as on Dec 31, 2017 ▪ Finance costs came down by 21% Q-o-Q and by 16% Y-o-Y NET DEBT (INR CR) LT DEBT (INR CR) ▪ Reduction in Long Term Debt of INR 385 Crore in 2511 -203Cr 1663 -385Cr 9M FY18 FY17: 2714 FY17 : 2048 ▪ Focus on improving Cashflow generation and follow prudent Capi
Slide 11: Capacity Utilization
Capacity Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) 200 60% 50% 50 Project 42% 50% 150 45% 50% commissioned 29% 41% 40 40% at the end of 100 40% 30 FY16 30% 20 20% 50 30% 6% 90 90 90 10 10% 5.4 43.2 43.2 0 20% 0 0% FY16 FY17 9MFY18 FY16 FY17 9MFY18 Installed Capacity Utilization Inst
Slide 12: Key Highlights – Q3FY18
Key Highlights – Q3FY18 REVENUE EBIDTA PAT INR 1169 Cr. INR 232 Cr. INR 73 Cr. Interest Coverage Debt repayment LT Debt under TUFS 9.2 x INR 91.5 Cr. > 75% Net Debt / Equity Cash Accrual Net Debt / EBITDA 0.9 INR 174 Cr. 2.7 x Credit ▪ CARE AA- | CRISIL A+ (LT Bank Facilities) Business ‘5A1’ (Minima
Slide 13: P&L Statement (S)
P&L Statement (S) Particulars (INR crore) Q3 FY18 Q3 FY17 Shift% 9MFY18 9MFY17 Shift% Net Revenues 1168.7 1144.5 2.1% 3532.8 3502.3 0.9% EBITDA 231.6 235.9 -1.8% 700.1 729.9 -4.1% EBITDA margin 19.8% 20.6% -80bps 19.8% 20.8% -100bps Depreciation 101.3 103.5 -2.1% 305.8 311.4 -1.8% EBIT 130.3 132.3 -
Slide 14: Profitability Trend
Profitability Trend Sales (INR Crores) EBITDA (INR Crores) EBITDA EBITDA % 1168.7 20.6% 19.8% 25.0% 1144.5 20.0% 200.0 15.0% 100.0 10.0% 235.9 231.6 5.0% 0.0 0.0% Q3FY17 Q3FY18 Q3FY17 Q3FY18 EBIT (INR Crores) PAT (INR Crores) EBIT EBIT % PAT PAT % 90.0 14.0% 11.6% 11.1% 14.0% 80.0 70.0 12.0% 150.0 1
Slide 15: Profitability Trend
Profitability Trend EPS (INR) Networth* (INR Crores) EPS Cash EPS Net Worth ROE 3000 30.0% 3.57 3.42 2500 25.0% 13.5% 2000 16.7% 20.0% 1.54 1.43 1500 15.0% 1000 10.0% 500 1896 2109 5.0% 0 0.0% Q3FY17 Q3FY18 Dec' 17 Dec' 18 Net Block* (INR Crores) Capital Employed* (INR Crores) Capital Employed 3539
Slide 16: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “Home Textile Industry faced headwinds during the quarter due to prolonged uneven vendor procurement cycle and destocking by large retailers in US but we continued to be persistent and remain buoyan
Slide 17: Awards & Accolades
Awards & Accolades Accredited with Northern Region ‘Export ▪ Best Performer in Energy Saving by Bureau of Energy Efficiency,Govt.of India ‘Egyptian Gold Seal’ Excellence Award’ in ▪ ‘Confederation of Indian Textile Industry (CITI) Award for Excellence’ for Yarn, Terry Towel ‘Star Trading House-Non-
Slide 18: Thank You
For more information about us, please visit www.tridentindia.com Pawan Jain / Vipul Garg Investor Relations, Trident Ltd. Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: pawanjain@tridentindia.com, vipulgarg@tridentindia.com Thank You Q3 FY18 Earnings Presentation - Trident Ltd. 18