Slide 1: Investors Presentation Q3 FY22
Trident Limited Home Textile I Paper INVESTORS PRESENTATION Q3FY22 Investors Presentation Q3 FY22
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: 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 Investors Presentation Q3 FY22 3
Slide 4: Company Overview
COMPANY OVERVIEW Investors Presentation Q3 FY22 4
Slide 5: 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 USD 4bn+ 150+ Business Group countries #1 in North India for Branded Copier segment 72% C World-class Infrastructure & Technology Revenue
Slide 6: 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 7: Business Model
Business Model CUSTOMER KEY PARTNERS KEY ACTIVITIES VALUE CUSTOMER RELATIONSHIP Innovation in textiles/ PROPOSITIONS SEGMENTS Sustainability/ Customer Loyalty/ Follow-up & centric/ CSR/ Leadership Service Manufacturing Logistics Suppliers Responsibly adding value to Society conscious & Influencers l
Slide 8: Our Global Presence
Our Global Presence Across 6 continents and 150 countries Trident Europe Ltd. First Floor, Sovereign House, Stockport Road, Cheadle, Cheshire, England – SK82EA Trident UK Office Corporate Headquarters Manufacturing Unit Sales / Liaisoning Office Trident Warehousing & NYC Office Distribution Set up U
Slide 9: Awards & Recognition
Awards & Recognition Investors Presentation Q3 FY22 9
Slide 10: Creating differentiation across brands & products
Creating differentiation across brands & products Domestic Domestic home textile brands home textile brands International International home textile textile brands brands Marquee Customers Marquee Customers Bed Bed Bath Bath Trident’s home textile brands are across a range of luxury, premium, essent
Slide 11: Shareholding and Dividend Payout
Shareholding and Dividend Payout Key Market Statistics (18th Jan 2022) (INR) Shareholding Pattern (January 2022) BSE Ticker 521064 NSE Ticker Trident Promoters 25% Bloomberg code TRID:IN Reuters TRIE.NS Non-Promoters- Non Public 2% Market Price 64.6 Market Cap (in million) 3,29,202 73% Public Outsta
Slide 12: Snapshot Q3 FY22
Snapshot Q3 FY22 Total Income EBITDA Margin PBT Margin Free Cash Flow Rs 19,611 Mn 20.72% 14.34% Rs 2,841 Mn Management’s Commentary: “ The company has shown high resilience and displayed strong performance despite challenging environment. We will continue to create value and maintain Trident’s exce
Slide 13: 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 14: Industry Overview
INDUSTRY OVERVIEW Investors Presentation Q3 FY22 14
Slide 15: Global Industry Overview
Global Industry Overview 1000 -8% 70 In 2020, the global 838 60 textile and apparel 776 66 775 trade was US$ 775 bn., which was 8% 52 51 50 113 lower compared to 641 49 2019 due to impact 42 43 600 of COVID. 482 It is expected to 444 416 reach US$ 1 trillion 348 by 2025 growing at a CAGR of 3% from
Slide 16: Key Industry Global Updates
Key Industry Global Updates US Ban on Import of Unprecedented Global Shortage of Suspension of Sustainability Cotton Products Growth in Cotton Containers Ethiopia from AGOA remained a Key from China’s Prices in 2021 Theme Xinjiang region Caused issues in global The Cotlook A index The industry suffe
Slide 17: India's Domestic Industry Overview
India’s Domestic Industry Overview 200 190 200 180 13 180 160 160 42 30% 140 140 -25% India’s domestic textile 120 120 106 & apparel market is 99 estimated to be US$ 99 100 8 100 8 bn. in 2021-22 which 20 80 has recovered 30% from 80 19 80 7 2020-21. 135 18 60 50 60 The market is expected 4 to grow
Slide 18: Key Industry Domestic Updates
Key Industry Domestic Updates CAPACITY ADDITION Estimated India will add approx. 3.5 to 4 million spindles for short staple spinning A segment in next couple of years. EXTENDED SCHEME OF ROSCTL B Benefits of ROSCTL scheme has been provided till March 2024 allowing ANTI DUMPING DUTY REVOKED exporters
Slide 19: India's share in US Market
INDIA’s share in US Market US Imports of Cotton Sheets US Imports of Terry Towels 120% 100% 80% 60% 40% 20% 2018 2019 2020 2021* (Jan-Nov) 0% 2018 2019 2020 2021* (Jan-Nov) ROW 13% 12% 14% 11% ROW 16% 16% 16% 16% Pakistan 17% 19% 20% 20% Pakistan 20% 21% 21% 21% China 21% 19% 14% 12% China 25% 24% 2
Slide 20: India's share in EU Market
INDIA’s share in EU Market EU Imports of Cotton Sheets EU Imports of Terry Towels 100% 100% 80% 80% 60% 60% 40% 40% 20% 20% 0% 0% 2018 2019 2020 2021 (Jan-Sep) 2018 2019 2020 2021 (Jan-Sep) ROW 18% 17% 14% 14% ROW 14% 12% 13% 12% Turkey 15% 16% 18% 18% China 11% 10% 10% 9% China 7% 7% 6% 5% India 19
Slide 21: Quarterly & Operational Highlights
QUARTERLY & OPERATIONAL HIGHLIGHTS Investors Presentation Q3 FY22 21
Slide 22: Quarterly Highlights (P&L)
Quarterly Highlights (P&L) Q-o-Q Y-o-Y Particulars Q3 FY22 Q2 FY22 Q3 FY21 Change Change Total Income 19,611 16,727 17.2% 12,949 51.4% EBITDA 4,063 4,129 -1.6% 2,431 67.1% Depreciation 775 867 -10.6% 830 -6.6% Finance Cost 224 199 12.6% 132 69.7% PBT before exceptional items 3,064 3,063 0.0% 1,470 1
Slide 23: Quarterly Margins (P&L)
Quarterly Margins (P&L) 24.7% 20.7% 18.8% EBITDA MARGIN Revenue Exports 25000 75.0% 73.0% Q3 FY21 Q2 FY22 Q3 FY22 Exports as of Revenue 20000 71.5% 71.0% 19.5% 16.7% EBIT MARGIN 15000 69.0% 11.1% 67.7% 67.0% 10000 66.6% Q3 FY21 Q2 FY22 Q3 FY22 65.0% 5000 13.7% 12.3% 63.0% 10.7% 12949 16727 19611 PAT
Slide 24: Quarterly Highlights (B/S)
Quarterly Highlights (B/S) NET DEBT/ EQUITY Particulars Q3 FY22 Q2 FY22 Q3 FY21 (in times) 0.41 Net Worth 36,294 35,695 32,408 0.30 0.29 Short Term Loans 12,268 9,207 7,069 Q3 FY21 Q2 FY22 Q3 FY22 Long Term Loans 3,818 3,801 3,499 Gross Debt 16,086 13,008 10,568 NET DEBT/ EBITDA Cash & Cash Equivale
Slide 25: Segment Highlights (P&L)
Segment Highlights (P&L) Q-o-Q Y-o-Y Particulars Q3 FY22 Q2 FY22 Q3 FY21 Revenue Change Change Home Textile 13% Revenue 17,059 14,067 21.3% 11,078 54.0% EBIT 2,871 2,977 -3.6% 1,445 98.7% EBIT Margin 16.8% 21.2% -20.5% 13.0% 29.5% Paper Revenue 2,520 2560 -1.6% 1,824 38.2% 87% EBIT 581 612 -5.1% 389
Slide 26: Summary of Financial Statements
SUMMARY OF FINANCIAL STATEMENTS Investors Presentation Q3 FY22 26
Slide 27: Historical P&L Statement
Historical P&L Statement Particulars FY19 FY20 FY21 9M FY21 9M FY22 Recent performance and growth Total Income 52,653 47,240 45,353 31,827 50,884 ▪ Total Revenue for the 9M FY22 stood at INR 50884 Mn with sales growth of 59.8% as EBITDA 10,231 8,653 8,270 5,888 11,765 compared to 9M FY21 owing to pr
Slide 28: Historical Balance Sheet
Historical Balance Sheet As at As at As at Recent performance Particulars March 31, 2019 March 31, 2020 March 31, 2021 ▪ Net Debt reduced from INR CAPITAL AND LIABILITIES 16,145 million in FY20 to INR Capital 5096 5096 5096 14,232 million in FY21 Reserves and surplus 24216 24573 28070 Borrowings 243
Slide 29: Financial Performance
Financial Performance REVENUE EBITDA 58% 67% 72% 150 00 35. 0% 56% 145 00 550 00 545 00 540 00 535 00 530 00 525 00 54% 80. 0% 140 00 135 00 130 00 30. 0% 520 00 515 00 23.1% 510 00 505 00 125 00 500 00 495 00 490 00 70. 0% 120 00 485 00 480 00 475 00 18.3% 470 00 115 00 465 00 19.6% 19.4% 460 00 25
Slide 30: Ratios Summary
Ratios Summary Type Parameters FY20 FY21 9M FY22 Net Debt/Equity 0.54 0.42 0.41 Solvency Ratios Net Debt/EBITDA 1.87 1.72 0.91 * Interest Coverage Ratio 7.81 11.49 17.49 Current ratio 1.04 1.27 1.18 Fixed asset turnover 0.5 0.7 1.34 Inventory days 82.1 93.0 92.9 Operational Ratios Debtor days 36.0 5
Slide 31: 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 9MFY22 61% 25% 14% FY21 64% 20% 16% FY20 54% 26% 20% FY19 51% 30% 19%
Slide 32: Segmental Performance Annual
Segmental Performance Annual Revenue Mix Capacity -Towels (in 000’tons) Capacity-Bed Linen (In Mn meters) 100 66% 70% 100 91% 100 % Textiles 49% 53% 80% 45% 90 90% 63% 98 60% 450 00 19.4% 22. 0% 96 48% 80 80% 60% Textiles 50% 44% 440 00 70 70% 430 00 94 17. 0% 60 60% 40% 420 00 410 00 10.0% 92 50 50
Slide 33: Committed to the ESG & Women Empowerment
COMMITTED TO THE ESG & WOMEN EMPOWERMENT Investors Presentation Q3 FY22 33
Slide 34: Environment Friendly Entity
Environment Friendly Entity Zero liquid discharge Waste Management Around 95% Water Recovery, 15% Conversion of daily food waste and other waste less water consumption than to energy in Budhni plant. benchmark of 50 meter/cubic per ton Reuse of black liquor which makes sure no Recovery of 2822 milli
Slide 35: Committed towards Social Cause
Committed towards Social Cause Trident Foundation Launch of our NGO- Trident Foundation to help the needy and social cause. It includes donations, medical aids to tribal areas in Budhni, adoption, blood donation program, etc. Opportunities for Farmers Motivated farmers to sell wheat straw waste and
Slide 36: Efficient Corporate Governance
Efficient Corporate Governance 01 3 times National Recognition for Good Corporate Governance 02 1 National Award for Excellence in Corporate Governance 03 2 times stood among the Top 25 Indian Corporates adopting Good Corporate Governance India Rating CARE CRISIL D&B AA (Stable Outlook): AA (Stable
Slide 37: Sustainability Measures
Sustainability Measures Zero Liquid Discharge System Biological treatment plant Membrane Bioreactor ➢ Recovery of 98.08% of wastewater and reuse in Towel production maintaining Zero Liquid Discharge ➢ The total volume recovered till Inception of ZLD is 8332 Million liters ➢ 4th Stage Reverse Osmosis
Slide 38: Continuous Dyeing- for Optimum Water Consumption
Continuous Dyeing- for Optimum Water Consumption Continuous dyeing unit consumes almost 50% less water than the batch (exhaust) dyeing system. All the machines in our facility are continuous dyeing machines with very low water consumption. Pad steam Cold Pad Batch Investors Presentation Q3 FY22 38
Slide 39: Sewage Treatment Plant
Sewage Treatment Plant The domestic wastewater is collected and sent to the Sewage Treatment Plant whereas it is treated up to the specified standards, and the treated domestic wastewater is used for the gardening/green belt development inside the premises. We have achieved the treated Sewage to the
Slide 40: Other Mitigative Measures
Other Mitigative Measures 01 Separate Environmental laboratory is established to monitor the environmental parameters of water, wastewater, drinking water. 02 An external agency also employed for the testing of Ambient Air and Stack Emissions 03 Every measures are taken in order to monitor noise lev
Slide 41: ESG Recognitions
ESG Recognitions Certified by Carbon Foot Print 4 times Wal-Mart Supplier of the Year Awards 3 times JC Penney Awards (Best Supplier, Innovation & Quality) 2 times Ikea Quality and Sustainability Awards 3 times Corporate Governance Awards 12 TexProcil Export Performance Awards Niryat Shree - FIEO Aw
Slide 42: Way Forward
WAY FORWARD Investors Presentation Q3 FY22 42
Slide 43: Future prospects
Future prospects Vision 2025 3 BHAGs (BIG, HAIRY, AUDACIOUS GOALS) Unlock long term shareholder value OBJECTIVES IMPERATIVES Improve return ratios through capital allocation strategies 1 Expansion of existing businesses through Grow to Rs Grow core business 250,000 Mn by Capitalize on recent gro
Slide 44: CAPEX Plans
CAPEX Plans Particulars Yarn Sheeting Co-Gen Existing Capacity Spindles- 5.89 Lacs; Rotors- 7,464 and Air 1.2 Lacs 49.4 MW Jet – 160 Mtrs/day Existing Capacity Utilization 90% 83% 71% (Approx.) Proposed Capacity Addition Spindles- 98,496 & Rotors-3600 70,000 16.3 MW Mtrs/day 1 2 3 4 The total cost o
Slide 45: Thank You
THANK YOU GET IN TOUCH Abhinav Gupta/ 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 Investors Presentation Q3 FY22 45