Slide 1: Trident Limited Corporate Presentation - August 2018
Trident Limited Corporate Presentation - August 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 Q1FY19 47% 34% 19% FY18 48% 33% 19% FY17 49% 33% 18% FY16 46% 32% 22% Bath & B
Slide 4: Snapshot
Snapshot Key Market Statistics 06-Aug-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 Kolkata,
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 Board declared 1st Interim Dividend of 6% on equity Q1FY19 shares NET REVENUE (INR CR) EBITDA improved by 3.2% to INR 237 crores in Q1 FY19 PBT (INR) compared to INR 230 crores in Q1 FY18. EBITDA Margin 1131 -3% 82 -34% stood at 21% in Q1FY19, increased by 130bps Y-o-Y and 2
Slide 7: Key Highlights - B/S
Key Highlights - B/S as on June 30, 2018 Finance costs came down by 16% Y-o-Y NET DEBT (INR CR) LT DEBT (INR CR) Reduction in Long Term Debt of INR 65 Crore in 2381 -240Cr 1623 -65Cr Q1FY19; Net Debt reduced by INR 240 Crore Cash Accrual of INR 154 Crore during Q1FY19 FY18: 2621 FY18 : 1688 NE
Slide 8: P&L Statement (S)
P&L Statement (S) Q1 FY19 Q4 FY18 Shift% Particulars (INR crore) Q1 FY18 Shift% FY18 1131.2 1185.6 -4.6% Net Revenue from Operations 1165.8 -3.0% 4566.0 617.1 582.5 5.9% Gross Profit 613.6 0.6% 2273.7 54.6% 49.1% +550 bps Gross Profit Margin 52.6% +200 bps 49.8% 148.0 124.7 18.7% Employee Costs 144.
Slide 9: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “We are starting the new fiscal with high optimism. Company is well positioned for future growth and is capable to deliver improved performance in current financial year. Green shoots of recovery vi
Slide 10: 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 11: 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 12: 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 13: Textile - Financials
Textile - Financials Sales (INR Crores) EBIT (INR Crores) *MTM loss of INR 39.3 415 Cr. on Forex Forward 3795 3719 Contracts is adjusted 300 in Textile Segment 2881 263 916 39* FY 16 FY 17 FY18 Q1FY19 FY 16 FY 17 FY18 Q1FY19 Capacity Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) Yarn (I
Slide 14: 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 15: Paper - Financials
Paper - Financials Sales (INR Crores) EBIT (INR Crores) 273 831 872 858 199 160 77 215 FY 16 FY 17 FY18 Q1FY19 FY 16 FY 17 FY18 Q1FY19 Capacity Utilization (Tonnage Basis) Copier v/s Non-Copier 88% 89% 89% 200 87% 90% 180 88% 160 86% 140 84% 120 82% 100 80% 50% 50% 80 78% 175 175 175 175 60 76% 40 7
Slide 16: 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 17: 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 18: 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 19: 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 20: 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 21: 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 22: 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 23: Awards & Accolades
Awards & Accolades Accredited with Northern Region ‘Export JC Penney Excellence in Certified for the coveted ‘Egyptian Gold Seal’ Excellence Award’ in Platinum Operations in Sustainable Textile Production for Yarn, Terry Towel ‘Star Trading House-Non- Certification Quality Award (STeP), permitting t
Slide 24: 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 25: 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 26: 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 27: 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 Non Current Assets 4500.39 4676.93 Equity 2941.43 2756.85 Property, Plant & Equipment 4020.10 4308.06 Equity Share Capita
Slide 28: 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. – August 2018 28