Trident Limited · NSE:TRIDENT

Trident — Investor Presentation (March 2017)

33 slides from Trident's investor presentation, March 2017

1. Slide 1: Sustained Robust Performance

   Sustained Robust Performance Trident Limited Corporate Presentation – March 2017

2. 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

3. Slide 3: Overview

   Overview World’s Largest Trident Ltd. Terry Towel est. in 1990 Manufacturer One of the State of the art World’s Largest Bed Linen Integrated Manufacturing Facility Home Textile Player World’s Largest World’s Largest Wheat Straw based Compact Yarn Paper Spinning Unit under Manufacturer Single Roof Co

4. Slide 4: Snapshot

   Snapshot Key Market Statistics 27-Feb-2017 Global Presence BSE Ticker 521064 Registered Office: Sanghera, Punjab Corporate Office : Ludhiana, Punjab NSE Ticker Trident Manufacturing Facilities at: Sanghera & Dhaula, Punjab Budni, Madhya Pradesh Bloomberg Code TRID:IN Marketing Offices (India): Mumba

5. Slide 5: HEIMTEXTIL - 2017

   HEIMTEXTIL - 2017 Telling Textile Stories HEIMTEXTIL 2017, Frankfurt Germany Corporate Presentation - March 2017 - Trident Ltd. 5

6. Slide 6: Infrastructure

   Infrastructure Bath Linen Bed Linen Paper Budni, MP Budni, MP Barnala, Punjab 1 Unit | 300 Looms 1 Unit | 500 Looms 2 Units | 48000 MT/pa 43.2 Mn Mtrs/pa 175000 MT/pa Barnala, Punjab 3 Units | 388 Looms 42000 MT/pa Yarn Budni, MP 5 Units | 3.8 Lac Spindles 1920 Rotors Barnala, Punjab 5 Units | 1.8 L

7. Slide 7: Integration

   Integration Power Chemical Paper Yarn Bath Linen Bathrobe Bed Linen Product Basket: Home Textiles Yarn Paper  Bath Linen: Luxury, Organic, Spa & Hotel, Beach, Designer  100% Cotton Yarn  Branded Copier Paper Jacquard, Subli-Static, Embroidered, Celebratory, Bath Mats  Compact Yarn (Spectra, Digi

8. Slide 8: Fully Integrated Processes

   Fully Integrated Processes Yarn Home Textile Bath Linen Manufacturing Processes Bed Linen Manufacturing Processes Automatic Bale Carding Plucker TFO-Two for One Warping Sizing Warping Weaving Combing Draw Frame Processing Greige Fabric Inspection Weaving Fabric Inspection Processing Speed Frame Ring

9. Slide 9: Strength & Strategy

   Strength & Strategy Rating Value Addition Branding Global Markets Best Technology CARE Focus on value Aggressive Branding Trusted Partner to Latest technology A+: LT Borrowings added products to Strategy to percolate the Top Global and automation A1: ST Borrowings further improve Home Textile and Re

10. Slide 10: 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

11. Slide 11: CSR

    CSR Health Education & Welfare 38k people got free medical consultation, Saakshar - Adult education; IL&FS partnership; tests & medicines; More than 350 free eye 60k Students received 2 lacs notebooks across surgeries; Mobile dispensary to provide free 200 schools; 40k flour sacks & pre owned primar

12. Slide 12: Awards & Accolades

    Awards & Accolades TEXPROCIL - CII IPMA – PHD Chamber- PMI India – ASSOCHAM – Awards for National Award Energy Outstanding Project of the Leadership Export for Excellence in Conservation Contribution to Year ‘Large’ Award (CEO), Performance Energy & Water Award Social Welfare Category 2016 2015-16 M

13. Slide 13: Key Highlights - P&L

    Key Highlights - P&L Achieved highest ever REVENUE of INR 3487 crore Q3 FY17 9M FY17 during 9MFY17 REVENUE (INR CR) Achieved highest ever EBITDA of INR 725 crore during 9MFY17 1139 +26% 3487 +26% Achieved highest ever PAT of INR 237 crore during 9MFY17 Q3FY16: 905 9MFY16: 2759 Diluted EPS (non-a

14. Slide 14: Key Highlights - B/S

    Key Highlights - B/S as on Dec 31, 2016 Interest Coverage Ratio stood at 8.45x Cash Accrual stood at INR 549 crores NET DEBT (INR CR) LT DEBT (INR CR) Decrease in Net Debt amounted to INR 665 Crores 2608 -20% 2072 -16% during 9M period. More than 75% of Long Term Debt is covered under FY16: 3273

15. Slide 15: Management Comment

    Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “We have yet again delivered strong financial and operational performance during the quarter owing to robust contribution from our Home Textiles segment led by Terry Towels and Bed Linen. Our focus

16. Slide 16: Profitability Trend

    Profitability Trend Sales (INR Crores) EBITDA (INR Crores) EBITDA 3869 3753 3683 EBITDA % 21% 3487 800 19% 20% 22% 3335 19% 700 20% 17% 600 18% 500 16% 578 744 695 751 725 400 14% FY13 FY14 FY15 FY16 9MFY17 FY13 FY14 FY15 FY16 9MFY17 EBIT (INR Crores) PAT (INR Crores) 500 12% 15% 228 240 11% 12% 450

17. Slide 17: Profitability Trend

    Profitability Trend EPS (INR) Networth (INR Crores) EPS Net Worth Cash EPS 11.1 ROE 17% 10.8 2000 13% 30% 9.1 8.6 21% 8% 1500 6.1 20% 4.5 4.7 1000 7% 3.9 2.3 10% 1455 1742 1896 500 706 931 1.0 0 0% FY13 FY14 FY15 FY16 9MFY17 FY13 FY14 FY15 FY16 9MFY17* Net Block (INR Crores) Capital Employed (INR Cr

18. Slide 18: P&L Statement

    P&L Statement (S) Q3 FY17 Q3 FY16 Growth% Particulars (INR crore) 9M FY17 9M FY16 Growth% 1138.7 905.0 26% Net Revenues 3486.8 2758.6 26% 233.3 179.5 30% EBITDA 725.2 556.7 30% 103.5 81.2 27% Depreciation 311.4 244.1 28% 129.8 98.3 32% EBIT 413.8 312.5 32% 27.6 24.0 15% Interest 104.2 105.9 -2% 102.

19. Slide 19: Dividend Policy

    Dividend Policy Dividend Payout Ratio Minimum Annual Maximum Annual 29% 31% Dividend Dividend 23% 6% 33% of Face Value of Net Profit (Including Dividend Distribution Tax) FY15 FY16 9MFY17 Total Year Dividend Type %age Dividend% Interim 3% Historical Dividends (%age of Face Value) FY15 6% Interim 3%

20. Slide 20: Geographic Revenue

    Geographic Revenue Bed & Bath Yarn Paper Export (%) Revenue Q3FY17 Export % Domestic % 15% 7% 34% 66% 85% 93% Export (%) Revenue Trend 92% 91% 93% 41% 41% 39% 13% 85% 86% 12% 11% 29% 10% 9% 27% FY13 FY14 FY15 FY16 9MFY17 FY13 FY14 FY15 FY16 9MFY17 FY13 FY14 FY15 FY16 9MFY17 Corporate Presentation -

21. Slide 21: Clientele – International

    Clientele – International ETHIOPIAN GOVERNMENT Corporate Presentation - March 2017 - Trident Ltd.

22. Slide 22: Clientele – Domestic

    Clientele – Domestic Corporate Presentation - March 2017 - Trident Ltd.

23. Slide 23: Online Presence

    Online Presence Corporate Presentation - March 2017 - Trident Ltd.

24. Slide 24: Business Segments

    Business Segments Segmental Revenue: 9M FY17 48% 34% 19% FY16 46% 32% 22% FY15 42% 37% 22% FY14 28% 51% 22% FY13 28% 50% 22% Bed & Bath Linen Yarn Paper Home Textile | Paper Corporate Presentation - March 2017 - Trident Ltd. 24

25. Slide 25: Home Textile Industry

    Home Textile Industry • Global Home Textile Market grew from 2008 Global Home Textile Market 117 to 2016 at a CAGR of 2.7% totalling USD 111 (USD bn) 114 111 billion (retail value) 106 • Globally the retail value of home textiles is 102 expected to reach USD 117.10 billion (CAGR of 92 2.4%) in 2018.

26. Slide 26: India's Dominance in Home Textiles

    India’s Dominance in Home Textiles India’s export share in Market Share in US Towel Market the US towel market 40% 36% 38% has improved at a 35% 30% rampant pace from 30% in 2009 to 40% in 2016. 24% 22% 25% 25% 25% 16% 26% 23% 15% 25% 23% 14% 23% 22% 15% 2009 2011 2013 2015 YTD-Nov 2016 India China

27. Slide 27: Home Textile

    Home Textile Sales (INR Crores) +32% EBITDA (INR Crores) +33% 600 EBITDA 20% 2838 EBITDA % 19% +29% 2142 19% +30% 400 19% 18% 18% 916 200 18% 704 162 397 528 126 0 17% Q3 Q3 9M 9M Q3 Q3 9M 9M FY16 FY17 FY16 FY17 FY16 FY17 FY16 FY17 EBIT (INR Crores)  33% growth in EBITDA during 9M FY17 EBIT +26% EB

28. Slide 28: Brands

    Brands Corporate Presentation - March 2017 - Trident Ltd. 28

29. Slide 29: Innovations

    Innovations  Super Soft  All Season Sheet  Bio Softness  Moisture  Superior Softness  Renewable Wicking  Breathable  Reduced Carbon  Breathable  Moisture Wicking Foot Print  Luxury Sleep  Dry Comfort  Natural Finish Comfort  Superior Cotton  Durable Compact Yarn Yarn  Feather Soft 

30. Slide 30: Domestic Paper Industry

    Domestic Paper Industry Indian Paper Industry Demand Supply Dynamics Consumption Production Accounts for 3% of World’s Paper Production 17.42 Turnover of INR 500 billion approximately 16.51 16.63 (Million Tonnes) Contribution to exchequer is INR ~45 billion 14.49 Total production grew at CAGR 13.3%

31. Slide 31: Paper

    Paper Sales (INR Crores) EBITDA (INR Crores) +5% +27% EBIDTA EBIDTA % 617 649 300 +30% 38% 50% +11% 31% 45% 200 38% 40% 194 201 223 35% 100 33% 246 30% 85 66 0 25% Q3 Q3 9M 9M Q3 Q3 9M 9M FY16 FY17 FY16 FY17 FY16 FY17 FY16 FY17 EBIT (INR Crores)  27% growth in EBITDA during 9M FY17 EBIT +49% EBIT %

32. Slide 32: Eco Friendly Paper

    Eco Friendly Paper Eco Friendly Wheat Straw based Paper 72 GSM 100 GSM 75 GSM 86% Brightness 92% Brightness 88% Brightness High Quality 75 GSM 80 GSM 70 GSM 90% Brightness 90% Brightness 87% Brightness Jam Free Farmer earns extra income for each With Production Capacity of 450 5520 lbs of CO2 emissi

33. Slide 33: 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 Anoop Poojari / Nishid Solanki CDR India (Citigate Dewe Rogerson) Tel: +

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