Slide 1: Trident Limited Investor Presentation June 2020
Trident Limited Investor Presentation June 2020
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: Who We Are
“7 TRIDENTGROUP" Who We Are
Slide 4: Who We Are
Who We Are USD 1 BILLION Business Group One of The LEADING INTEGRATED HOME TEXTILE MANUFACTURERS in The World One of The LEADING YARN PRODUCERS in India Committed to the SOCIETY, ENVIRONMENT, SUSTAINABILITY AND WOMEN EMPOWERMENT BEST TECHNOLOGY in Towels, Bed Linen, And Bath Robes Segment One of The
Slide 5: Our Products
Our Products Investor Presentation - Trident Ltd. 5
Slide 6: Global Presence
Global Presence US Office: 295, Fifth Avenue, Global footprint in over 100 countries, 6 continents Suite 612, New York, NY 10016, USA UK Office: Trident Europe Ltd. First Floor, Sovereign House Stockport Road, Cheadle, Cheshire, England – SK82EA Investor Presentation - Trident Ltd. 6
Slide 7: 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 8: 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 FY20 54% 26% 20% FY19 51% 30% 19% FY18 48% 33% 19% FY17 49% 33% 18% Bath & Bed
Slide 9: Snapshot
Snapshot Key Market Statistics 22-Jun-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 10: Best in Class Brands
Best in Class Brands Essential Range to Luxury Range category with established brands in more than 400 Multi Brand Outlets Corporate Presentation - Trident Ltd. 10
Slide 11: Certified with International Standards
Certified with International Standards Corporate Presentation - Trident Ltd. 11
Slide 12: Online Presence
Online Presence Strong Customer Relationships provide Opportunities to Increase Business Share and Cross-sell Products Investor Presentation - Trident Ltd. 12
Slide 13: Financial Highlights
“7 TRIDENTGROUP" Financial Highlights
Slide 14: Key Highlights - P&L
Key Highlights - P&L ▪ Cash Flow from operations have significantly FY20 increased to INR 1209.4 Crores in FY20 on account TOTAL INCOME (INR CR) of reduction in inventories and receivables PBT (INR CR) amounting to INR 479.8 Crores owing to following 4724 -10% 421 -23% initiatives: FY19: 5265 ✓ Chan
Slide 15: Key Highlights - B/S
Key Highlights - B/S • Company has opted for moratorium of interest/ as on Mar 31, 2020 instalments for the quarter ended Mar 2020 NET DEBT (INR CR) LT DEBT (INR CR) • With stabilization of operations, the company is 1614 -729Cr 1051 -243Cr looking at reduction of its net debt through prepayment of
Slide 16: P&L Statement
P&L Statement (S) Particulars Q4 FY20 Q3 FY20 Shift FY20 FY19 Shift Total Income 997.3 1091.4 -8.6% 4723.9 5265.3 -10.3% EBITDA 152.0 153.7 -1.1% 865.3 1023.1 -15.4% EBITDA % 15.2% 14.1% -116bps 18.3% 19.4% -111bps Depreciation 81.5 82.2 -0.8% 333.3 363.9 -8.4% EBIT 70.4 71.5 -1.4% 532.0 659.2 -19.3
Slide 17: 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 18: Textile - Financials
Textile - Financials Sales (INR Crores) EBIT (INR Crores) 4223 342 3778 302 FY19 FY20 FY19 FY20 Capacity Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) Yarn (In 000’ tons) 50% 49% 48% 93% 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% 75%
Slide 19: Paper - Financials
Paper - Financials Sales (INR Crores) EBIT (INR Crores) 997 923 370 310 FY19 FY20 FY19 FY20 Capacity Utilization (Tonnage Basis) Copier v/s Non-Copier 89% 89% 89% 86% 95% 180 85% 160 75% 140 65% 120 55% 100 45% Copier 80 35% 45% FY20 60 55% 25% 175 175 175 175 Non-Copier 40 15% 20 0 5% FY17 FY18 FY1
Slide 20: Financial Performance
Financial Performance Revenue (INR Cr) EBIDTA (INR Cr) EBIDTA EBIDTA % 19.4% 110 0 18.3% 19. 0% 5265 100 0 4724 17. 0% 900 15. 0% 800 13. 0% 1023 700 11. 0% 865 600 9.0 % 500 7.0 % 400 5.0 % FY19 FY20 FY19 FY20 PAT (INR Cr) Interest Coverage Ratio PAT PAT Margin 7.0% 7.2% 8.0 % 9.11 375 325 7.0 % 7.
Slide 21: 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% 15.0% 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 2621 2344 1614 1816 2003 2241 2276 6.0 %
Slide 22: Key Ratios
Key Ratios Particulars (INR crore) FY20 FY19 FY18 Return on Capital Employed* 12.5% 14.1% 10.6% Return on Equity* 15.0% 16.6% 13.3% Interest Coverage 7.8 9.1 7.7 Net Debt to Equity 0.5 0.8 1.0 Net Debt / EBITDA 1.9 2.3 2.9 *Excludes fair valuation of land as per IND – AS and exceptional items Credit
Slide 23: Balance Sheet
Balance Sheet (S) As on As on As on As on Particulars (INR crore) Particulars (INR crore) Mar 31, 2020 Mar 31, 2019 Mar 31, 2020 Mar 31, 2019 Source of Funds Application of Funds Equity 2966.9 2931.3 Non Current Assets 3975.0 4080.0 Property, Plant & Equipment 3573.4 3672.5 Equity Share Capital 509.
Slide 24: Combating Covid-19
“7 TRIDENTGROUP" Combating Covid-19
Slide 25: Manufacturing Operations
Manufacturing Operations ✓ Manufacturing operations were kept on hold since last week of March 2020 and were restarted only after due approval from statutory authorities in phased manner from 3rd week of April 2020 ✓ All round maintenance was carried out for the plants during the period of shutdown
Slide 26: Employee Related Initiatives
Employee Related Initiatives Physically Apart, Digitally Closer • SAP enabled systems for • Microsoft Office 365 • Launched Cisco Webex for smooth functioning of WFH • Secure email access 2000+ employees • Management of financials, through browser • More than 20,000 man- logistics, human resources •
Slide 27: Innovation- Bath Accessories
Innovation- Bath Accessories Standardized Anti-Microbial Treatment Investor Presentation - Trident Ltd. 27
Slide 28: Innovation- Medicare Accessories
Innovation- Medicare Accessories Investor Presentation - Trident Ltd. 28
Slide 29: Innovation-Trident Paper
Innovation-Trident Paper Investor Presentation - Trident Ltd. 29
Slide 30: Way Forward
Way Forward • Life under Covid-19 is very different with social distancing and work from home becoming the norm • Gradual opening up of economies around the world has created pent-up demand. Company is looking at capturing the same through innovative offerings and increased customer interactions • H
Slide 31: 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 Investor Presentation - Trident Ltd. 31