Slide 1: Trident Limited Q2 FY20 Earnings Presentation
Trident Limited Q2 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 H1 FY20 58% 24% 18% FY19 51% 30% 19% FY18 48% 33% 19% FY17 49% 33% 18% Bath &
Slide 4: Snapshot
Snapshot Key Market Statistics 01-Nov-2019 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 30 Sep 2019 stood at H1 FY20 INR 2641 crores registering a growth of 4% Y-o-Y as TOTAL INCOME (INR CR) compared to INR 2542 Crores in H1 FY19. PBT (INR CR) Bed Linen segment capacity utilization for Q2 FY20 2641 +4% 331 +41% stood at 62% H1 FY19:
Slide 7: Key Highlights - B/S
Key Highlights - B/S as on September 30, 2019 Repayment of Long Term Debt by INR 178 Crore in NET DEBT (INR CR) LT DEBT (INR CR) H1 FY20 Net Debt reduced by INR 838 Crore owing to 1506 -838Cr 1123 -171Cr reduction in utilization of short term borrowings FY19: 2344 FY19 : 1294 which stood at INR
Slide 8: P&L Statement (S)
P&L Statement (S) Particulars Q2 FY20 Q2 FY19 Shift H1 FY20 H1 FY19 Shift Total Income 1,327.8 1402.3 -5.3% 2640.9 2542.4 3.9% EBITDA 259.0 269.8 -4.0% 559.6 472.8 18.4% EBITDA % 19.5% 19.2% +27bps 21.2% 18.6% +259bps Depreciation 84.9 91.7 -7.4% 169.5 186.1 -8.9% EBIT 174.1 178.1 -2.2% 390.1 286.7
Slide 9: Dividend Payout
Dividend Payout Year Total Div% Div. Amt. Type %age Dividend Payout Ratio (INR Per Share) 50% 2nd Interim 9% 42% H1 FY20 18% 1.80/- 35% 1st Interim 9% 27% Final 6% 3rd Interim 12% FY19 30% 3.00/- 2nd Interim 6% FY17 FY18 FY19 H1 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: “In spite of latest economic challenges, your Company has demonstrated high resilience by having increased capacity utilizations in the Bath & Bed Linen segment, generating industry leading margins
Slide 11: Textile - Financials
Textile - Financials Sales (INR Crores) EBIT (INR Crores) 2150 255 2059 138 H1 FY19 H1 FY20 H1 FY19 H1 FY20 Capacity Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) Yarn (In 000’ tons) 100 50% 45% 49% 56% 60% 63% 95% 98% 97% 93% 50 70% 140 54% 90 80 50% 45 44% 60% 120 95% 40 70 50% 100 40
Slide 12: Paper - Financials
Paper - Financials Sales (INR Crores) EBIT (INR Crores) 464 476 182 170 H1 FY19 H1 FY20 H1 FY19 H1 FY20 Capacity Utilization (Tonnage Basis) Copier v/s Non-Copier 200 89% 89% 89% 88% 100% 95% 180 90% 85% 160 80% 75% 140 70% 65% 120 60% 100 55% 50% 80 45% 60 40% 35% 45% Copier 30% H1 FY20 175 175 175
Slide 13: Financial Performance
Financial Performance Revenue (INR Cr) EBIDTA (INR Cr) EBIDTA EBIDTA % 580 21.2% 22.0% 2542 2641 560 21.0% 18.6% 540 20.0% 520 19.0% 500 480 18.0% 560 460 473 17.0% 440 16.0% 420 400 15.0% H1 FY19 H1 FY20 H1 FY19 H1 FY20 PAT (INR Cr) Interest Coverage Ratio PAT PAT Margin 9.2% 9.11 9.39 195 9.0% 185
Slide 14: Financial Performance
Financial Performance Net Debt D/E Ratio Net Worth ROE Net Debt (INR Cr.) Net Worth (INR Cr) 3000 1.0 1.0 1.2 21.8% 2500 0.8 1.0 3000 16.6% 25.0% 2500 18.6% 13.3% 20.0% 0.5 2000 0.8 2000 15.0% 1500 0.6 1500 10.0% 1000 0.4 2714 2621 2344 1506 1816 2003 2241 2394 1000 500 0.2 5.0% 500 0 0.0 0 0.0% FY1
Slide 15: Key Ratios
Key Ratios Particulars (INR crore) H1 FY20 FY19 FY18 Return on Capital Employed* 18.8% 14.1% 10.6% Return on Equity* 21.8% 16.6% 13.3% Interest Coverage 9.4 8.7 7.7 Net Debt to Equity 0.5 0.8 1.0 Net Debt / EBITDA 1.3 2.3 2.9 *Excludes fair valuation of land as per IND – AS Credit CRISIL AA-/ CARE
Slide 16: Balance Sheet (S)
Balance Sheet (S) As on As on As on As on Particulars (INR crore) Particulars (INR crore) Sep 30, 2019 Mar 31, 2019 Sep 30, 2019 Mar 31, 2019 Source of Funds Application of Funds Equity 3084.6 2931.3 Non Current Assets 4046.1 4080.0 Property, Plant & Equipment 3601.1 3672.5 Equity Share Capital 509.
Slide 17: 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 Q2 FY20 Earnings Presentation - Trident Ltd. 17