Slide 1: Trident Limited Q1 FY21 Earnings Presentation
Trident Limited Q1 FY21 Earnings Presentation
Slide 2: 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 of
Slide 3: 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 Q1 FY21 65% 17% 18% FY20 54% 26% 20% FY19 51% 30% 19% FY18 48% 33% 19% Bath &
Slide 4: Snapshot
Snapshot Key Market Statistics 17-July-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 P
Slide 5: 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 6: Key Highlights - P&L
Key Highlights - P&L ▪ Overall decline is primarily due to COVID-19 related Q1 FY21 market volatility during the current quarter. TOTAL INCOME (INR CR) Therefore, results for Quarter 1 of 2020-21 are not PBT (INR CR) comparable to previous corresponding period 713 -46% 13 -93% results Q1 FY20: 1313
Slide 7: Key Highlights - B/S
Key Highlights - B/S as on June 30, 2020 ▪ Repayment of Long Term Debt by INR 226 Crores in Q1 FY21 including prepayment of high cost loans amounting to INR 140 Crores NET DEBT (INR CR) LT DEBT (INR CR) ▪ Net Debt reduced significantly in Q1 FY21 to reach 1245 -329Cr 836 -215Cr level of INR 1245 Cro
Slide 8: P&L Statement
P&L Statement (S) Particulars Q1 FY21 Q4 FY20 Shift FY20 FY19 Shift Total Income 713.4 997.3 -28.5% 4723.9 5265.3 -10.3% EBITDA 118.7 152.0 -21.9% 865.3 1023.1 -15.4% EBITDA % 16.6% 15.2% -116bps 18.3% 19.4% -111bps Depreciation 82.4 81.5 1.1% 333.3 363.9 -8.4% EBIT 70.4 70.4 -48.5% 532.0 659.2 -19.
Slide 9: 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 10: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “Due to covid-19, we are facing collective tough time for the first time when health and wellness are a challenge. Uncertainty is the greatest worry of the current times We demonstrated high resilie
Slide 11: Textile - Financials
Textile - Financials Sales (INR Crores) EBIT (INR Crores) 1057 142 586 13 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Capacity Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) Yarn (In 000’ tons) 49% 48% 95% 98% 92% 63% 100 55% 75% 105 % 90 45% 50% 50 60% 120 95% 65% 80 45% 85% 100 44% 40 55% 70 40% 7
Slide 12: Paper - Financials
Paper - Financials Sales (INR Crores) EBIT (INR Crores) 248 99 122 34 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Capacity Utilization (Tonnage Basis) Copier v/s Non-Copier 89% 89% 86% 95% 180 85% 160 75% 140 56% 65% 120 55% 100 80 45% 35% 39% Copier Q1 FY21 60 25% 175 175 175 175 Non-Copier 40 20 0 15% 5% 61%
Slide 13: Financial Performance
Financial Performance Revenue (INR Cr) EBIDTA (INR Cr) EBIDTA EBIDTA % 1313 400 22.9% 24. 0% 350 22. 0% 300 713 250 20. 0% 200 16.6% 18. 0% 150 16. 0% 301 100 50 119 14. 0% 0 12. 0% Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 PAT (INR Cr) Interest Coverage Ratio 9.25 140 123 120 5.14 100 80 60 40 20 10 0 Q1 FY2
Slide 14: 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 1.0 240 0 15.0% 18. 0% 230 0 13.3% 16. 0% 200 0 0.5 0.8 1.7% 14. 0% 150 0 0.4 0.6 220 0 12. 0% 10. 0% 210 0 8.0 % 100 0 0.4 2621 2344 1614 1245 2003 2241 2276 2327 200 0 6.0 % 4
Slide 15: Key Ratios
Key Ratios Particulars (INR crore) Q1 FY21 FY20 FY19 Return on Capital Employed* 3.8% 12.5% 14.1% Return on Equity* 1.7% 15.0% 16.6% Interest Coverage 5.1 7.8 9.1 Net Debt to Equity 0.4 0.5 0.8 Net Debt / EBITDA 2.6 1.9 2.3 *Excludes fair valuation of land as per IND – AS Credit ▪ CRISIL AA-/ CARE A
Slide 16: 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 Q1 FY21 Earnings Presentation - Trident Ltd. 16