Slide 1: Exchange filing cover letter: Earnings Presentation
TRIDENT/CS/2023 May 29, 2023 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 Q4FY23 / FY23
Trident Limited Yarn | Towel |Bedsheets I Paper EARNINGS PRESENTATION Q4FY23/ FY23
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: Index
Index 01 COMPANY OVERVIEW INDUSTRY OVERVIEW 02 QUARTERLY & 03 OPERATIONAL OVERVIEW SUMMARY OF FINANCIAL STATEMENTS 04 COMMITTED TO ESG & 05 WOMEN EMPOWERMENT WAY FORWARD 06 Earnings Presentation Q4 FY23 3
Slide 5: Company Overview
COMPANY OVERVIEW Earnings Presentation Q4 FY23 4
Slide 6: Trident's – A distinctive Entity
Trident’s – A distinctive Entity 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 17000+ Employees 150+ Countries C World-class Infrastructure & Technology D Globally Best-in
Slide 7: Trident's Transformation Journey
Trident’s Transformation Journey Going Forward Make Trident a National Brand • E-commerce Website YOUR TITLE 01 • Retail Outlets • Social Media Presence Started as a • Diversified products Commodity Player Digital Trident – Completing Industry 4.0 Journey Inception: Started as a yarn manufactu
Slide 8: Awards & Recognition
Awards & Recognition Earnings Presentation Q4 FY23 7
Slide 9: Creating differentiation across brands & products
Creating differentiation across brands & products Domestic home Domestic home textile brands brands International home textile International textilebrands brands Marquee Customers Marquee Customers Bed Bed Bath Bath Trident’s home textile brands are across a range of luxury, premium, essentials, exc
Slide 10: Snapshot Q4 FY23
Snapshot Q4 FY23 Total Income EBITDA Margin PBT Margin Free Cashflow (FY23) INR 15,710 Mn 16.35 % 9.95 % INR 6,553 Mn The company has declared interim dividend of INR 0.36 per equity share for FY 2023-24. Revenue Segment Capacity Utilization Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 15% 100% 22% 89% 90% 83% 8
Slide 11: Shareholding and Dividend Payout
Shareholding and Dividend Payout Key Market Statistics (31st March 2023) (INR) Shareholding Pattern (31 st March 2023) BSE Ticker 521064 NSE Ticker Trident Promoters 25.56% Bloomberg code TRID:IN Reuters TRIE.NS 1.25% Non-Promoters, Non-Public Market Price 27.95 Market Cap (in million) 142,433 73.19
Slide 12: 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 13: Industry Overview
INDUSTRY OVERVIEW Earnings Presentation Q4 FY23 12
Slide 14: Global Industry Overview
Global Industry Overview 1,300 1,200 1,200 80 In 2021, the global 1,100 1,000 85 1,000 textile and apparel trade was US$ 871 871 75 839 bn. having grown at 900 789 70 approx. 3% CAGR 71 8% 800 70 50 60 7% since 2017. 50 51 700 715 It is expected to 600 575 reach US$ 1.2 500 482 493 57% 455 trillion
Slide 15: India's Domestic Industry Overview
India’s Domestic Industry Overview 300 250 250 250 16 200 165 54 200 India’s domestic textile 150 & apparel has grown from US$ 50 bn in 2010- 125 11 150 11 to US$ 110 bn in 110 106 34 2022, registering a growth of 7%. 9 100 8 8 24 100 The market is further 20 22 180 expected to grow at 10% 50 CAGR f
Slide 16: India's share in US Market
INDIA’s share in US Market US Imports of Cotton Sheets Y-o-Y comparison on US Cotton Sheets Imports for Q1 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2018 2019 2020 2021 2022 India China Pakistan ROW ROW 13% 12% 14% 11% 12% 2020 56% 13% 19% 11% Pakistan 17% 19% 20% 20% 24% 2021 60% 11% 19% 9% China
Slide 17: Quarterly & Operational Highlights
QUARTERLY & OPERATIONAL HIGHLIGHTS Earnings Presentation Q4 FY23 16
Slide 18: Quarterly Highlights (P&L)
Quarterly Highlights (P&L) Y-o-Y Q-o-Q Particulars Q4FY23 Q4FY22 Q3 FY23 Change Change Total Income 15,710 18,531 (15.2%) 16,247 (3.3%) EBITDA 2,563 3,335 (23.1%) 2,790 (8.1%) Depreciation 790 810 (2.5%) 777 1.7% Finance Cost 217 185 17.3% 180 20.6% Profit before Tax 1,556 2,341 (33.5%) 1,833 (15.1%
Slide 19: Quarterly Margins (P&L)
Quarterly Margins (P&L) 18.0% EBITDA MARGIN 17.2% Revenue Exports 16.3% 19200 100% 99% 98% 97% 96% 95% 94% 93% 92% 91% 90% 89% 88% 87% Q4 FY22 Q3 FY23 Q4 FY23 86% 85% 84% 83% Exports as of Revenue 82% 81% 18000 80% 79% 78% 77% 76% 75% 74% 73% 72% 71% 13.6% 70% 69% 12.4% 68% 67% 66% 65% 11.3% 60% 64%
Slide 20: Quarterly Highlights (B/S)
Quarterly Highlights (B/S) NET DEBT/ EQUITY As on As on As on Particulars (in times) Mar 2023 Mar 2022 Sep 2022 0.34 Net Worth 41,258 37,972 37,596 0.20 0.25 Short Term Loans 5,519 12,129 6,267 Q4 FY22 Q2 FY23 Q4 FY23 Long Term Loans 8,222 3,577 5,236 Gross Debt 13,741 15,706 11,503 NET DEBT/ EBITDA
Slide 21: Segment Highlights (P&L)
Segment Highlights (P&L) Y-o-Y Y-o-Y Particulars Q4 FY23 Q4 FY22 FY23 FY22 Revenue Change Change Textile 21% Revenue 12,238 15,696 (22.0%) 49,243 59,423 (17.1%) EBIT 942 2,436 (61.3%) 3,231 10,944 (70.5%) EBIT Margin 7.7% 15.5% (1160 Bps) 6.6% 18.4% (1330 Bps) Paper & Chemicals 79% Revenue 3,390 2,7
Slide 22: Summary of Financial Statements
SUMMARY OF FINANCIAL STATEMENTS Earnings Presentation Q4 FY23 21
Slide 23: Historical P&L Statement
Historical P&L Statement Recent performance and growth Particulars FY19 FY20 FY21 FY22 FY23 ✓ Total Revenue for the FY23 stood at INR 62,913 Mn with sales decline of 9.4% as Total Income 52,653 47,240 45,353 69,415 62,913 compared to FY22 owing to primarily the decrease in demand & inflationary issu
Slide 24: Historical Balance Sheet
Historical Balance Sheet As on As on As on As on As on Particulars March 31, 2019 March 31, 2020 March 31, 2021 March 31, 2022 March 31, 2023 CAPITAL AND LIABILITIES Capital 5,096 5,096 5,096 5,096 5,096 Reserves and surplus 24,216 24,573 28,070 32,876 36,162 Borrowings 24,358 19,518 15,355 15,706 1
Slide 25: Financial Performance
Financial Performance REVENUE EBITDA 21.7% 58% 67% 15 000 14 500 35 .0 % 70 000 69 500 69 000 68 500 68 000 67 500 56% 65% 54% 80 .0 % 14 000 13 500 30 .0 % 54% 67 000 13 000 66 500 66 000 65 500 65 000 64 500 12 500 64 000 63 500 63 000 62 500 70 .0 % 62 000 12 000 61 500 61 000 60 500 60 000 19.4%
Slide 26: Ratios Summary
Ratios Summary Type Parameters FY20 FY21 FY22 FY23 Net Debt/Equity 0.54 0.42 0.34 0.25 Solvency Ratios Net Debt/EBITDA 1.87 1.72 0.86 1.09 Interest Coverage Ratio 7.81 11.49 17.62 12.17 Current ratio 1.04 0.99 1.25 1.35 Fixed asset turnover 1.30 1.21 1.89 1.44 Operational Ratios Inventory days 70.8
Slide 27: Segment Overview
Segment 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 FY23 55% 24% 21% FY22 58% 28% 14% FY21 64% 20% 16% FY20 54% 26% 20% FY
Slide 28: Textiles Segmental Performance
Segmental Performance Annual Revenue Mix Capacity -Towels (in 000’tons) Capacity-Bed Linen (In Mn meters) 45% 61% 10 0 70 % 48% 53% 10 0 10 0% 49% 88% Textiles 95 48% 60 % 90 80% 90 % 18.4% 67% 80 80 % 70 000 22 .0 % 63% 90 60% Textiles 50 % 44% 70 70 % 60 000 6.6% 17 .0 % 85 40 % 60 60 % 50 000 8.0
Slide 29: Committed to the ESG & Women Empowerment
COMMITTED TO THE ESG & WOMEN EMPOWERMENT Earnings Presentation Q4 FY23 28
Slide 30: Environment Friendly Entity
Environment Friendly Entity Zero liquid discharge Water Around 95% Water Recovery, 15% • Cleaning of Narmada river every quarter in order to provide less water consumption than clean water and area to the locals resulting removal of 100 benchmark of 50 meter/cubic per ton MT waste over period of 3 y
Slide 31: Committed towards Social Cause
Committed towards Social Cause Uplifting the differently abled • Impacting 10000+ youths through short/long term skill development through Takshashila Academy. • Sponsored education of 900+ students and supply of books provided to more than 10000 children. Opportunities for Farmers • Motivated farme
Slide 32: 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 33: Way Forward
WAY FORWARD Earnings Presentation Q4 FY23 32
Slide 34: Future Prospects - CAPEX
Future Prospects - CAPEX Particulars Yarn Bedlinen Co-Gen Bathlinen Chemicals Existing Capacity Spindles- 5.89 Lacs; Rotors- 7464 1.2 Lacs 49.4 MW 622 Looms 1.1 Lacs TPA and Air Jet – 320 Mtrs/day Existing Capacity Utilization (FY23) 64% 67% 71% 48% 91% Proposed Capacity Addition Spindles- 1.93 Lacs
Slide 35: Thank You
THANK YOU GET IN TOUCH Mr. Avneesh Barua/ Mr. Rahul Sharma Investor Relations, Trident Limited Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: corp.relations@tridentindia.com Visit us @ www.tridentindia.com / www.myTRIDENT.com Earnings Presentation Q4 FY23 34