Slide 1: Earnings Presentation Cover Letter to Exchanges
TRIDENT/CS/2024 July 26, 2024 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: TRIDENT BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Scrip Code: 521064 Sub: Earnings’ Presentation Dear
Slide 2: Earnings Presentation Q1 FY25
Trident Limited Yarn | Bath & Bed Linen | Paper EARNINGS PRESENTATION Q1 | FY25 Earnings Presentation Q4 FY24
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 of
Slide 4: Our Vision, Our Values
OUR VISION OUR VALUES Inspired by challenge, To provide customer satisfaction, we will add value to life, through teamwork, and together prosper globally. based on honesty & integrity, for continuous growth & development. Earnings Presentation Q4 FY24
Slide 5: Index
Index INDEX 01 COMPANY OVERVIEW INDUSTRY OVERVIEW 02 QUARTERLY & 03 OPERATIONAL OVERVIEW SUMMARY OF FINANCIAL STATEMENTS 04 COMMITTED TO ESG & 05 WOMEN EMPOWERMENT Earnings Presentation Q4 FY24 4
Slide 6: Company Overview
COMPANY OVERVIEW YARN | BED & BATH LINEN | PAPER | CHEMICALS | ENERGY Earnings Presentation Q4 FY24 5
Slide 7: Trident's Journey at a Glance
TRIDENT’S JOURNEY @ A GLANCE A Leading Integrated Home Textile Manufacturers With 30+ Year Track Record World’s Largest Wheat Straw-based Paper Manufacturer B #1 in North India for Branded Copier segment 15500+ 90+ Workforce Countries C World-Class Infrastructure & Technology D Globally Best-in-Clas
Slide 8: Trident's Transformation Journey
TRIDENT’S TRANSFORMATION JOURNEY Going Forward Started As A Make Trident a National Brand Commodity Player • E-commerce Website • Retail Outlets • Social Media Presence Inception: Started as a yarn • Diversified Products manufacturer in 1990 with Digital Trident – Completing Industry Transition & ju
Slide 9: Efficient Corporate Governance
EFFICIENT CORPORATE GOVERNANCE 1 National Award For Excellence In Corporate Governance 2 Times Stood Among The Top 25 Indian Corporates Adopting Good Corporate Governance 3 Times National Recognition For Good Corporate Governance India Rating CARE CRISIL D&B AA (Stable Outlook): AA (Stable Outlook):
Slide 10: Owned Brand Across the Spectrum
OWNED BRAND ACROSS THE SPECTRUM Our International Home Textile Brands Committed to holistic approach of adding value, our product portfolio comprises of an extensive range of in-house brand making us a one-stop solution for home textile. TRIDENT’S HOME TEXTILE BRANDS ARE ACROSS A RANGE OF LUXURY, PR
Slide 11: Prospering Globally with Our Clientele
PROSPERING GLOBALLY WITH OUR CLIENTELE Our products are loved across the world and our lasting partnerships have been nurtured over the decades through our international offices in US, UK, Gulf and India. Q1FY24 Earnings Presentation Q4 | FY25 10
Slide 12: Financial Snapshot Q1 FY25
FINANCIAL SNAPSHOT Q1 FY25 Total Income EBITDA Margin PBT Margin Cash Profit INR 17,496 Mn 13.63% 5.80 % INR 1,642 Mn Revenue Segment Revenue Q1FY24 Q1FY25 22% 30% 56% 18% 60% 14782 17755 18370 16996 17496 14% Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Revenue in INR Millions ● Bed& Bath Linen ● Yarn ● Pape
Slide 13: Industry Overview
INDUSTRY OVERVIEW Q1FY24 Earnings Presentation Q4 | FY25 19
Slide 14: Global Industry Overview
GLOBAL INDUSTRY OVERVIEW Amount in $Bn 1200 1300 1200 80 1100 1000 85 1000 In 2022, the global 909 textile and apparel 872 75 839 trade was US$ 909 900 789 65 70 bn. having grown at 71 57 800 70 50 60 approx. 3% CAGR 50 51 700 since 2017. 715 600 575 It is expected to 500 494 540 482 reach US$ 1.2 t
Slide 15: India's Domestic Industry Overview
INDIA’S DOMESTIC INDUSTRY OVERVIEW 300 250 250 Amount in $Bn 250 16 200 165 54 200 150 India’s domestic textile & apparel has grown 125 11 150 from US$ 50 bn in 2010- 106 110 34 11 to US$ 110 bn in 2022, registering a 9 100 8 24 growth of 7% CAGR. 100 8 20 22 180 The market is further 50 expected to
Slide 16: Home Textile Market Size
HOME TEXTILE MARKET SIZE The Home Textile Market size is The India Home Textile Market Home Textile Market estimated at USD 134.13 billion in Indian Home Textile Market size is estimated at USD 9.60 2024, and is expected to reach billion in 2024, and is expected to Market Size in USD Billion USD 175
Slide 17: Competitive Advantage
COMPETITIVE ADVANTAGE Competitive cost of production Textiles: A dominant industry ▪ Competitive labor, power and raw material cost ▪ Employs 45 million people across the value chain ▪ Access to advanced technology under textile upgradation fund ▪ Strong government support to industry Favorable Gove
Slide 18: Quarterly & Operational Highlights
QUARTERLY & OPERATIONAL HIGHLIGHTS Q1FY24 Earnings Presentation Q4 | FY25 19
Slide 19: Quarterly Standalone Highlights (P&L)
QUARTERLY STANDALONE HIGHLIGHTS (P&L) Figures in INR Million Y-o-Y Q-o-Q Particulars Q1FY25 Q1FY24 Q4FY24 Change Change Total Income 17,496 14,782 18.36% 16,996 2.94% EBITDA 2,385 2,393 (0%) 2,284 4.41% Depreciation 906 874 3.65% 954 (5.04%) Finance Cost 463 314 47.45% 489 (5.28%) Profit Before Tax
Slide 20: Quarterly Standalone Margins (P&L)
QUARTERLY STANDALONE MARGINS (P&L) 16.19% 13.44% 13.63% EBITDA MARGIN Export % as of Revenue 18000 70% 17496 16996 Exports as of Income 17000 65% 60% Q1FY24 Q4FY24 Q1FY25 16000 54% 55% 50% 14782 10.28% 15000 8.44% EBIT MARGIN 40% 7.83% 14000 30% 13000 20% 12000 10% Q1FY24 Q4FY24 Q1FY25 11000 10000 0
Slide 21: Quarterly Highlights (B/S)
QUARTERLY HIGHLIGHTS (B/S) 0.37 0.35 As on As on As on NET DEBT/ EQUITY Particulars Jun-23 Mar-24 Jun-24 0.23 (in times) Net Worth 40,393 43,091 42,047 Short Term Loans 5,029 7,800 8,229 Long Term Loans 9,842 12,590 12,613 Q1FY24 Q4FY24 Q1FY25 Gross Debt 14,871 20,390 20,842 1.54 1.51 NET DEBT/ EBIT
Slide 22: Segment Highlights (P&L)
SEGMENT HIGHLIGHTS (P&L) Y-o-Y Q-o-Q Particulars Q1 FY25 Q1 FY24 Q4FY24 Revenue Percentage Change Change Q1FY25 Textile Revenue 14,863 12,063 23.21% 13,985 6.28% 14% EBIT 1,433 1,000 43.30% 968 48.03% EBIT Margin 9.65% 8.29% 136bps 6.92% 273bps Paper & 86% Chemical Revenue 2,484 2,607 (4.72%) 2,806
Slide 23: Shareholding Pattern & Stock Price Movement
Shareholding pattern & Stock Price Movement Q1FY24 Earnings Presentation Q4 | FY25 22
Slide 24: Summary of Financial Statements
SUMMARY OF FINANCIAL STATEMENTS Q1FY24 Earnings Presentation Q4 | FY25 19
Slide 25: Historical P&L Statement
HISTORICAL P&L STATEMENT Recent performance and growth Particulars FY20 FY21 FY22 FY23 FY24 ✓ Total Revenue for the Q1FY25 stood at INR 17,496 Mn with sales growth of 18.4 % and 2.94% Total Income 47,240 45,353 69,415 62,913 67,903 on YoY and QoQ basis respectively owing to EBITDA 8,653 8,270 15,100
Slide 26: Historical Balance Sheet
HISTORICAL BALANCE SHEET As on As on As on As on As on Particulars March 31, March 31, March 31, March 31, March 31, 2020 2021 2022 2023 2024 CAPITAL AND LIABILITIES Capital 5,096 5,096 5,096 5,096 5,096 Reserves and surplus 24,573 28,070 32,876 36,162 37,995 Borrowings 19,518 15,355 15,706 13,741 2
Slide 27: Financial Performance
FINANCIAL PERFORMANCE REVENUE EBITDA 67% 65% 61% 70000 54% 16000 19% 22% 58% 18% 18% 15% 60000 56% 60% 14000 15% 20% 12000 50000 0% 10000 40000 40% 8000 30000 -20% 6000 52,653 47,240 45,353 69,415 62,913 67,903 10,292 15,100 20000 20% 8,270 9,418 9,949 8,653 4000 -40% 10000 2000 0 0% 0 -60% FY19 FY2
Slide 28: Ratios Summary
RATIOS SUMMARY Type Parameters FY20 FY22 FY22 FY23 FY24 Net Debt/Equity 0.54 0.34 0.34 0.25 0.36 Solvency Ratios Net Debt/EBITDA 1.87 0.86 0.86 1.09 1.54 Interest Coverage Ratio 7.81 17.62 17.62 12.17 6.44 Current ratio 1.04 1.25 1.25 1.35 1.58 Fixed asset turnover 1.3 1.89 1.89 1.44 1.46 Operationa
Slide 29: Segment Overview
SEGMENT OVERVIEW TEXTILES PAPER Largest Player in terms of Terry Towel Capacity & One of the Highest Operating Margin among largest players in Home Textile Space in India Key Listed Players in India REVENUE SPLIT BETWEEN SEGMENTS FY24 57% 26% 17% FY23 55% 24% 21% FY22 58% 28% 14% FY21 64% 20% 16% FY
Slide 30: Segmental Performance Annual
SEGMENTAL PERFORMANCE ANNUAL REVENUE MIX CAPACITY -TOWELS (IN 000’TONS) CAPACITY-BED LINEN (IN MN METERS) 700 00 18% 20% 61% 70% 120.0 8% 53% 70.0 88% 60% 110% 80% 18% 600 00 7% 49% 48% 48% 50% 60% 45% 63% 67% 60% 16% 100.0 50% 60.0 44% TEXTILES 500 00 14% 40% 60% 80.0 50.0 400 00 10% 12% 30% 8% 10%
Slide 31: Committed to ESG & Women Empowerment
COMMITTED TO ESG & WOMEN EMPOWERMENT Q1FY24 Earnings Presentation Q4 | FY25 30
Slide 32: Our ESG Performance
OUR ESG PERFORMANCE CLIMATE ▪ COMMITTED SCIENCE-BASED TARGET INITIATIVES (SBTI). CHANGE ▪ OUR RENEWABLE ENERGY SHARE IN TOTAL ENERGY MIX IS 42%. ▪ FEMALE EMPLOYEES IN OUR ORGANISATION STANDS AT 17.5 %. ▪ TARGET IS TO HAVE A REPRESENTATION OF 30% BY THE YEAR 2030. DEI ▪ TEXTILE MANUFACTURING WASTE IS
Slide 33: ESG
ESG 10.4 YOY Reduction 14% YOY Reduction 14% YOY Reduction 20.3% YOY Reduction 13% YOY Reduction 864.15 698.49 616.25 660.29 735.45 567.68 606.4 551.73 17.76 14.15 2022-23 2023-24 2022-23 2023-24 2022-23 2023-24 2022-23 2023-24 2022-23 2023-24 NOx(MT/Annum) SOx(MT/Annum) Particulate Matter MT/Annum)
Slide 34: ESG
ESG 159.09% 415.38 YOY Increase 89.4% YOY Increase 38.5% YOY Increase 89.47% YOY Increase YOY Increase 79 72 72 67 57 57 38 38 22 13 2022-23 2023-24 2022-23 2023-24 2022-23 2023-24 2022-23 2023-24 2022-23 2023-24 Male Employees - Percentage Of Male Workers - Percentage Of Female Employees - Percenta
Slide 35: ESG Biofuel
ESG Biofuel (in Metric Tonne) 6.36 YOY 9.74 YOY Increase Increase 169462 159323 145181 2021-22 2022-23 2023-24 Biofuel Q1FY24 Earnings Presentation Q4 | FY25 34
Slide 36: Committed Towards Social Cause
COMMITTED TOWARDS SOCIAL CAUSE UPLIFTING THE DIFFERENTLY ABLED • Impacting 10,000+ youths through short/long term skill development through Takshashila Academy. • Sponsored education of 900+ students and supply of books provided to more than 10,000 children. OPPORTUNITIES FOR FARMERS • Motivated far
Slide 37: CSR Activities
CSR ACTIVITIES Construction of toilets- Govt High School Dhaula Parali Project (Stubble Management) Trident has undertaken the construction of toilets at the Government High School in Dhaula as Trident's Parali Project aims to address stubble management in the surrounding villages, part of its ongoi
Slide 38: Awards & Recognition
AWARDS & RECOGNITION Q1FY24 Earnings Presentation Q4 | FY25 37
Slide 39: Thank You
THANK YOU THANK GET IN TOUCH Investor Relations, Trident Limited Tel: +91 9878997534 YOU Fax: +91 161 5039 900 Email: jaydipchowdhury@tridentindia.com Visit us @ www.tridentindia.com Earnings Presentation Q2 Q4 FY24 38