Slide 1: Trident Limited Q3 FY20 Earnings Presentation
Trident Limited Q3 FY20 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 9M FY20 56% 25% 19% FY19 51% 30% 19% FY18 48% 33% 19% FY17 49% 33% 18% Bath &
Slide 4: Snapshot
Snapshot Key Market Statistics 29-Jan-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 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 ▪ Revenue for the period ended 31 Dec 2019 stood at 9M FY20 INR 3775.4 crores owing to impact of reduced TOTAL INCOME (INR CR) capacity utilization in yarn segment and low PBT (INR CR) realization rate per kg in paper segment. 3775 -2% 379 -5% ▪ Bed Linen segment capacity utiliz
Slide 7: Key Highlights - B/S
Key Highlights - B/S as on December 31, 2019 ▪ Repayment of Long Term Debt by INR 258 Crores in 9M FY20 NET DEBT (INR CR) LT DEBT (INR CR) ▪ Net Debt reduced by INR 680 crores during the period as compared to FY19 level. However the 1663 -680Cr 1044 -250Cr same is slightly higher compared to Q2 FY20
Slide 8: P&L Statement (S)
P&L Statement (S) Particulars Q3 FY20 Q3 FY19 Shift 9M FY20 9M FY19 Shift Total Income 1140.1 1306.4 -12.7% 3775.4 3848.8 -1.5% EBITDA 202.4 282.2 -28.3% 762.0 755.0 0.9% EBITDA % 17.6% 21.6% -385bps 20.2% 19.6% +57bps Depreciation 82.2 89.2 -7.8% 251.8 275.3 -8.5% EBIT 120.1 193.0 -37.8% 510.3 479.
Slide 9: Dividend Payout
Dividend Payout Year Total Div% Div. Amt. Type %age Dividend Payout Ratio (INR Per Share) 50% 2nd Interim 9% 9M FY20 18% 0.18/- 35% 37% 1st Interim 9% 27% Final 6% 3rd Interim 12% FY19 30% 0.30/- 2nd Interim 6% FY17 FY18 FY19 9M FY20 1st Interim 6% Final 3% Historical Dividends (%age of Face Value)
Slide 10: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “Trident believes in offering innovative solutions and delivering high- quality value-added products to our customers. In spite of the latest economic challenges, the company has demonstrated high r
Slide 11: Textile - Financials
Textile - Financials Sales (INR Crores) EBIT (INR Crores) 269 245 3091 3050 9M FY19 9M FY20 9M FY19 9M FY20 Capacity Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) Yarn (In 000’ tons) 50% 49% 52% 93% 95% 98% 95% 63% 100 55% 75% 105 % 90 45% 50% 50 59% 120 95% 65% 80 45% 85% 100 44% 40 55
Slide 12: Paper - Financials
Paper - Financials Sales (INR Crores) EBIT (INR Crores) 723 709 269 252 9M FY19 9M FY20 9M FY19 9M FY20 Capacity Utilization (Tonnage Basis) Copier v/s Non-Copier 89% 89% 89% 88% 95% 180 85% 160 75% 140 65% 120 55% 100 45% Copier 80 35% 45% 9M FY20 60 55% 25% 175 175 175 175 Non-Copier 40 15% 20 0 5
Slide 13: Financial Performance
Financial Performance Revenue (INR Cr) EBIDTA (INR Cr) EBIDTA EBIDTA % 3849 3775 900 19.6% 20.2% 21. 0% 850 20. 0% 800 750 19. 0% 700 650 18. 0% 600 755 762 17. 0% 550 500 16. 0% 450 400 15. 0% 9M FY19 9M FY20 9M FY19 9M FY20 PAT (INR Cr) Interest Coverage Ratio PAT PAT Margin 9.45 9.18 375 8.0% 9.0
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 1.0 1.2 18.6% 250 0 0.8 1.0 250 0 16.6% 16.9% 20. 0% 13.3% 18. 0% 200 0 16. 0% 0.5 200 0 0.8 14. 0% 150 0 12. 0% 150 0 0.6 10. 0% 100 0 8.0 % 100 0 0.4 2714 1663 2621 2344 1816 2003 2241 2379 6.0 %
Slide 15: Key Ratios
Key Ratios Particulars (INR crore) 9M FY20 FY19 FY18 Return on Capital Employed* 15.6% 14.1% 10.6% Return on Equity* 16.9% 16.6% 13.3% Interest Coverage 9.2 8.7 7.7 Net Debt to Equity 0.5 0.8 1.0 Net Debt / EBITDA 1.6 2.3 2.9 *Excludes fair valuation of land as per IND – AS and exceptional items Cre
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 Q3 FY20 Earnings Presentation - Trident Ltd. 16