Slide 1: Trident Limited
Trident Limited Corporate Presentation - October 2018
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 H1FY19 50% 31% 19% FY18 48% 33% 19% FY17 49% 33% 18% FY16 46% 32% 22% Bath & B
Slide 4: Snapshot
Snapshot Key Market Statistics 15-Oct-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 Market Pr
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 Q2FY19 Home Textile: Bed Linen sales grew by 44% and Bath Linen sales grew by 30% Year on Year in Q2 FY NET REVENUE (INR CR) PBT (INR) 19 as compared to same period last year; 1391 +24% 153 +104% Branding, Distribution and expanding team closer to market in US has helped us
Slide 7: Key Highlights - B/S
Key Highlights - B/S as on Sep 30, 2018 Finance costs for H1FY19 came down by 17% Y-o-Y NET DEBT (INR CR) LT DEBT (INR CR) Reduction in Long Term Debt of INR 160 Crore in 2000 -621Cr 1539 -160Cr H1FY19; Net Debt reduced by INR 621 Crore Cash Profit of INR 370 Crore during H1FY19 FY18: 2621 FY1
Slide 8: P&L Statement (S)
P&L Statement (S) Particulars Q2 FY19 Q2 FY18 Shift Q1 FY19 Shift H1 FY19 H1 FY18 Net Revenue 1391.5 1120.5 24.2% 1131.2 23.0% 2522.7 2286.3 Gross Profit 743.4 538.4 38.1% 616.3 20.6% 1359.7 1152.0 Gross Profit % 53.4% 48.0% +540 bps 54.5% -110 bps 53.9% 50.4% Adj. EBITDA 316.9 173.4 82.7% 237.1 33.
Slide 9: Balance Sheet (S)
Balance Sheet (S) As on As on As on As on Particulars (INR crore) Particulars (INR crore) Sep 30, 2018 Mar 31, 2018 Sep 30, 2018 Mar 31, 2018 Source of Funds Application of Funds Non Current Assets 4342.9 4468.4 Equity 3028.6 2908.7 Property, Plant & Equipment 3968.1 4019.5 Equity Share Capital 509.
Slide 10: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “We are pleased with the financial and operational performance by achieving highest ever revenue and profitability in a quarter. We remain optimistic to achieve the guidance on revenue growth keepin
Slide 11: Global Home Textile Industry
Global Home Textile Industry Home Textile represents nearly 1/3rd of the global textiles & apparel industry. It is expected to touch $ 131 billion dollars by 2020 at a growth of more than 3.5%. 47.1 60.8 • Bed Linen & Bed Spread is the largest application segment of the home textiles representing 44
Slide 12: Home Textile Industry – Global Demand
Home Textile Industry – Global Demand United States Europe US Home textiles industry is amongst the largest home textiles Europe is the 2nd largest home textiles market after Asia industry in the world. It accounted for nearly 21.1 % of the Pacific representing 26.8% of the market share worth $29 gl
Slide 13: Indian Home Textile Industry
Indian Home Textile Industry Home Textile – Demand in India Home Textile – Indian Export to US India represents 3rd largest market share in Asia Pacific Market share for US imports of cotton sheets (Yearly) home textiles market in the region. 2005 - 13 2014 2015 2016 2017 YTD2018* Home textiles
Slide 14: Textile - Financials
Textile - Financials Sales (INR Crores) EBIT (INR Crores) *MTM loss of INR 61.3 3795 3719 Cr. on Forex Forward 415 Contracts is adjusted 2881 in Textile Segment 300 263 2,059 140* FY 16 FY 17 FY18 H1FY19 FY 16 FY 17 FY18 H1FY19 Capacity Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) Yarn
Slide 15: Paper Business
Paper Business Recently Launched Bond Paper 72 GSM 100 GSM 75 GSM Eco-friendly 86% Brightness 92% Brightness 88% Brightness product in ultra- white shade 75 GSM 80 GSM 70 GSM 100 GSM 90% Brightness 90% Brightness 87% Brightness 94% Brightness Eco Wheat Straw High Jam Free Friendly based Paper Qu
Slide 16: Paper - Financials
Paper - Financials Sales (INR Crores) EBIT (INR Crores) 273 831 872 858 199 160 170 464 FY 16 FY 17 FY18 H1FY19 FY 16 FY 17 FY18 H1FY19 Capacity Utilization (Tonnage Basis) Copier v/s Non-Copier 88% 89% 89% 89% 200 90% 180 88% 160 86% 140 84% 120 82% Copier 100 80% 51% H1FY19 49% 80 78% 175 175 175
Slide 17: Advantage India
Advantage India Competitive Cost of Production Textiles: A Dominant Industry Competitive Labour, Power and Raw Material Cost; Employs 45 million people across the value chain; Access to advanced technology under Textile Strong Government support to industry Upgradation Fund Favourable Government Cot
Slide 18: Why Trident
Why Trident Infrastructure Clientele De-risking Design Marketing Largest Capacity & Client Relationship Risk Strong Product Market World Class Management Design Intelligence Technology Integrated business Longstanding Sufficient portion of Focus on increasing Design studios and forex exposu
Slide 19: Integrated Home Textile Manufacturer
Integrated Home Textile Manufacturer Yarn from Yarn Home Textile Bath Linen Manufacturing Processes Bed Linen Manufacturing Processes 100% Cotton Yarn, Compact Yarn, Air- TFO-Two for One Warping Sizing Warping Weaving Rich, Zero Twist, Blended Yarn, Fancy Yarn, Melange, Specialty & others Bed Line
Slide 20: Strategy
Strategy • Leverage existing customer • Continue to focus on innovation • Further strengthen our brand and relationship to further expand our and developing value added market share in the growing retail Bed Linen business products. textile business in India. • Improve brand presence through multi b
Slide 21: Focus on Innovation and Value Added Products
Focus on Innovation and Value Added Products • Superior Cotton • Durable Compact Yarn Yarn • Quick Dry • Feather Soft Sheet • Super Soft • Enhanced Lustre & • Moisture Management Vibrant Shades • Everlasting Touch • Breathable • Bio Softness • Super Soft • Superior Softness • All Season Sheet Moistu
Slide 22: Way Forward
Way Forward We will keep focusing on increasing capacity utilization with better Product Mix, thereby benefit from operating leverage Keep increasing Yarn’s captive utilization, which will reduce price volatility risk and improve margins Focus on improving Cashflow generation and follow prudent C
Slide 23: CSR Initiatives
CSR Initiatives Free medical consultation, tests & Best Performer in Energy Health medicines; Free eye surgeries; Mobile Saving by Bureau of Energy dispensary for free primary health care Efficiency, Govt.of India PHD Chamber Award for Saakshar - Adult education; IL&FS Outstanding Contribution to pa
Slide 24: Awards & Accolades
Awards & Accolades Accredited with Northern Region Excellence in Certified for the coveted JC Penney ‘Egyptian Gold Seal’ ‘Export Excellence IWAY Well Operations Sustainable Textile Platinum for Yarn, Terry Towel Award’ in ‘Star Trading Developed in Quality Production (STeP), permitting Certificatio
Slide 25: Financial Performance
Financial Performance Revenue (INR Cr) EBIDTA (INR Cr) EBITDA EBITDA Margin% 20.8% 20.4% 19.6% 1200 21.0% 20.5% 18.4% 1000 20.0% 800 19.5% 600 19.0% 3779 3744 4773 4670 18.5% 695 763 992 914 400 18.0% 200 17.5% 0 17.0% FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18 PAT (INR Cr) PAT PAT Margin% Dividend Pay
Slide 26: Financial Performance
Financial Performance Net Debt (INR Cr.) Net Debt D/E Ratio Net Worth (INR Cr) Net Worth ROE 4000 1.4 1.6 17.0% 1.2 13.9% 1.0 12.4% 3500 1.4 0.9 2500 18.0% 3000 2500 1.2 1.0 2000 8.1% 16.0% 14.0% 12.0% 1500 2000 0.8 10.0% 1500 0.6 8.0% 2636 3421 2714 2621 1455 1742 1981 2133 1000 6.0% 1000 0.4 4.0%
Slide 27: Key Ratios
Key Ratios Particulars (INR crore) FY18 FY17 FY16 Return on Capital Employed* 10.3% 12.2% 8.1% Return on Equity* 12.2% 17.0% 13.9% Interest Coverage 7.7 7.0 5.7 Net Debt to Equity 0.9 1.0 1.4 Net Debt / EBITDA 2.9 2.7 4.1 *Excludes fair valuation of land as per IND – AS ; Figures are annualized Cred
Slide 28: Balance Sheet (S)
Balance Sheet (S) As on As on As on As on Particulars (INR crore) Particulars (INR crore) Mar 31, 2018 Mar 31, 2017 Mar 31, 2018 Mar 31, 2017 Source of Funds Application of Funds Equity 2908.7 2756.8 Non Current Assets 4468.4 4676.9 Property, Plant & Equipment 4019.5 4308.0 Equity Share Capital 509.
Slide 29: 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 Corporate Presentation - Trident Ltd. – October 2018 29