Slide 1: Q2 & H1 FY14 Performance Overview
Q2 & H1 FY14 Performance Overview
Slide 2: Safe Harbour
Safe Harbour 2 No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after t
Slide 3: Outline
Outline 3 1 Financial Overview 2 Business Overview 3 Merger of Trident Corporation Limited with Trident Limited 4 Trident Overview 5 About Us and Investor Contacts
Slide 4: Financial Overview
1 Financial Overview
Slide 5: Q2 FY14 Financial Highlights
Q2 FY14 Financial Highlights 5 Compared with Q2 FY13 Net Revenues increased to Rs. 1,000.2 crore from Rs. 826.0 crore; up 21.1% EBITDA higher by 78.1% at Rs. 211.7 crore vis-à-vis Rs. 118.8 crore EBIDTA Margins improved to 21.2% from 14.4% PAT enhanced to Rs. 72.7 crore from Rs. 1.4 crore Diluted
Slide 6: Q2 FY14 Operational Highlights
Q2 FY14 Operational Highlights 6 Compared with Q2 FY13 Witnessed improved capacity utilization across all business segments Topline growth enabled by increased off-take of all products viz. Yarn, Terry Towel and Paper combined with improved realizations as a result of enhancing the product mix towar
Slide 7: Profit & Loss Abstract
Profit & Loss Abstract 7 Q2 FY14 Q2 FY13 Growth % Particulars (Rs. crore) H1 FY14 H1 FY13 Growth % 1,000.2 826.0 21.1 Net Revenues 1,872.9 1,632.8 14.7 788.7 707.5 11.5 Total Expenditure 1,467.4 1,381.3 6.2 521.1 468.8 11.1 - Material Consumed 948.6 903.5 5.0 267.7 238.6 12.2 - Other Costs & Expense
Slide 8: Balance Sheet Abstract
Balance Sheet Abstract 8 As at As at Particulars (Rs. crore) Sep 30, 2013 Mar 31, 2013 Sources of Funds Share Capital 310.8 310.8 Reserves and Surplus 512.2 395.4 Share Warrants 25.0 -- Long Term Borrowings 810.7 949.2 Other Non Current Liabilities 112.5 111.3 Current Liabilities 1,236.0 1,520.1 TOT
Slide 9: Management Comment
Management Comment 9 Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Limited said: “The investments made over the last few years towards expansion combined with initiatives undertaken towards cost rationalization and changing our product mix to value-added products has started
Slide 10: Business Overview
2 Business Overview
Slide 11: Trident Yarn
Trident Yarn
Slide 12: Product Portfolio
Overview 12 Capability of counts from 1/8s – 1/80s in all possible blends Spindles (lac) 365,904 Spindles & 3,584 Rotors 3.66 3.66 6,825 TPA of Yarn Processing 2.24 8,400 MT of Cotton & Blended Yarns per month 1.76 1.26 1.26 State of the Art Machinery imported from LMW-India, Rieter- Switzerland, Mu
Slide 13: Operational & Financial Highlights
Operational & Financial Highlights 13 Production (MT) Sales (MT) 22,033 20,353 20,337 21,562 21,011 20,960 Q2 FY13 Q1 FY14 Q2 FY14 Q2 FY13 Q1 FY14 Q2 FY14 Revenues (Rs. crore) PBIT (Rs. crore) 507.1 455.0 76.4 73.0 406.8 23.1 Q2 FY13 Q1 FY14 Q2 FY14 Q2 FY13 Q1 FY14 Q2 FY14 YARN
Slide 14: Perspectives
Perspectives 14 Comments on Q2 FY14 Performance Performance driven by: • Healthy demand from overseas as well as domestic markets leading to general increase in yarn prices • Favourable exchange rate • Low MAP of raw cotton enable improved performance Growth in topline led by increase in sales volum
Slide 15: Perspectives
Perspectives 15 Outlook Robust demand expected in weaving as well as knitting segments owing to: • Booming organized retail • New export oriented capacities being added in the weaving sector As a part of the ‘pull strategy’, the Company is launching market leadership and branding program by increasi
Slide 16: Trident Terry Towel
Trident Terry Towel
Slide 17: Product Portfolio
Overview 17 Leadership in all Terry based products Jacquards – 54 looms 43,200 MTs of towels /Year Loom (Nos.) Air Jet Dobby – 296 looms 14.5 mn pcs./month 374 388 388 388 350 282 Rapier Dobby – 38 looms 18 containers of 40 ft. /day Total – 388 looms 90,000 Bathrobes/month Finishes Types *100% cotto
Slide 18: Operational & Financial Highlights
Operational & Financial Highlights 18 Production (MT) Sales (MT) 8,125 8,139 7,315 7,054 6,688 6,669 Q2 FY13 Q1 FY14 Q2 FY14 Q2 FY13 Q1 FY14 Q2 FY14 Revenues (Rs. crore) PBIT (Rs. crore) 362.7 325.2 315.6 48.3 26.6 15.4 Q2 FY13 Q1 FY14 Q2 FY14 Q2 FY13 Q1 FY14 Q2 FY14 TERRY TOWEL
Slide 19: Perspectives
Perspectives 19 Comments on Q2 FY14 Performance Improved realizations more than offset the impact of lower sales volumes - topline increased by 11.5% to Rs. 362.7 crore • Realizations improved by 28.7% backed by greater focus on value added products PBIT increased from Rs. 15.4 crore to Rs. 48.3 cro
Slide 20: Perspectives
Perspectives 20 Outlook Branding Schemes for domestic consumers launched on occasion of Diwali New brands introduced in the domestic markets U.S. demand expected to be robust given improving consumption trend over upcoming holiday season Supermarkets and Value retailers are extending home area and l
Slide 21: Trident Paper
j SS Trident Paper
Slide 22: Product Portfolio
Overview 22 Eco Friendly Paper – Saving 5,000 Trees per Day Agro-residue (wheat straw) and ECF pulp used to 450 450 450 450 450 manufacture paper 265 265 265 265 265 Sold across 35 countries including India, Middle 110 East, Africa, US, Latin America and UK, among others 65 FY08 FY09 FY10 FY11 FY12
Slide 23: Operational & Financial Highlights
Operational & Financial Highlights 23 Production (MT) Sales (MT) 41,228 36,888 38,486 40,204 36,262 36,720 Q2 FY13 Q1 FY14 Q2 FY14 Q2 FY13 Q1 FY14 Q2 FY14 Revenues* (Rs. crore) PBIT* (Rs. crore) 34.3 31.9 212.8 173.5 186.4 24.6 Q2 FY13 Q1 FY14 Q2 FY14 Q2 FY13 Q1 FY14 Q2 FY14 * Includes Paper & Chemi
Slide 24: Perspectives
Perspectives 24 Comments on Q2 FY14 Performance Topline growth driven by increase in both sales volumes as well as realizations • Revenue growth of 22.7% compared to Q2 FY13 - sales volume increased by 13.7% while realizations improved by 7.9% • Enhanced realizations resulting from improved product
Slide 25: Merger of Trident Corporation Limited with Trident Limited
Merger of Trident 3 Corporation Limited with Trident Limited
Slide 26: About Trident Corporation Limited (TCL)
About Trident Corporation Limited (TCL) 26 Trident Corporation Limited (TCL) is an associate company of Trident Limited (Trident) and is currently engaged in trading activities Trident holds 25.42% of the equity shares of TCL TCL in District Sehore (Budhni) in M.P. is entailing a capex of ~Rs. 1,650
Slide 27: Highlights of the Merger Scheme
Highlights of the Merger Scheme 27 Creates a single entity with major focus on yarn spinning, home textiles and paper Consolidation will make Trident one of the Largest Integrated Home Textile manufacturing facilities in the world Leverages the synergies arising both in terms of revenues as well as
Slide 28: Benefits from the Merger
Benefits from the Merger 28 A single entity with major focus on yarn spinning, home textiles and paper Streamlining Leverage synergies arising both, in terms of revenue as well as costs, and shall Group enable the merged entity strengthen its focus on its core competencies Structure Joint operating
Slide 29: Benefits from the Merger
Benefits from the Merger 29 Cotton yarn manufactured by Trident shall be the raw material of the terry towel being manufactured by TCL, resulting in cost synergies Integration Proposed captive power unit of TCL will supply power to the manufacturing units of Trident - reduced dependence on the State
Slide 30: Post Merger Facilities of Trident Limited
Post Merger Facilities of Trident Limited 30 Operations Business Post merger and ongoing Existing expansions 3,65,904 Spindles ~ 6 Lac Spindles Yarn 3,584 Rotors 5,500 Rotors Dyed Yarn 6,825 TPA 6,825 TPA Terry Towels 388 Looms ~700 Looms Sheeting --- 500 Looms Paper 175,000 TPA ~2,00,000 TPA Sulphu
Slide 31: Trident Overview
4 Trident Overview
Slide 32: Trident Perspective
Trident Perspective 32 Yarn Terry Towel Paper One of the largest Among the top 5 World’s largest yarn spinners in home textile wheat straw based India manufacturers in paper manufacturer the world Diverse product range serving all One of the largest Eco friendly product segments exporter from India
Slide 33: Business Verticals
Business Verticals 33 Home Textiles Paper Towels Bathrobes WP Paper & Copier Paper Yarn Chemicals & Power Cotton Yarns Dyed Yarns Power, Sulphuric Acid & Sulphur PRODUCTS
Slide 34: Global Footprint
Global Footprint 34 Products exported* to 75 countries across 5 continents * Export destinations are highlighted in dark green CLIENTELE
Slide 35: India Presence
India Presence 35 Punjab, India – Dhaula Campus 3 Home Textile, 2 Paper, 3 Energy & 1 Chemical Unit(s) Takshashila (Center of Excellence) Workers Colony Punjab, India – Sanghera Campus 5 Yarn Units Ananda (Leadership Workshop) Workers Colony Girls Hostel MP, India – Budni Campus 3 Yarn Units Girls H
Slide 36: De-risking, Diversification & Integration
De-risking, Diversification & Integration 36 INTEGRATION
Slide 37: Financial Performance Trend
Financial Performance Trend 37 P&L (Rs. crore) Balance Sheet (Rs. crore) Ratios Revenues Networth Debt:Equity (x) 3,357 651 706 3.6 2,537 2,752 503 532 3.5 1,819 3.4 3.2 FY10 FY11 FY12 FY13 FY10 FY11 FY12 FY13 FY10 FY11 FY12 FY13 EBIT Total Debt ROCE % 316 219 1,916 2,284 2,240 19.1% 182 1,711 113 1
Slide 38: Strengths
Strengths 38 Economies of Among the world’s largest home textiles and wheat-straw scale based paper manufacturers State-of-the- Embraced the latest technology and automation from global art best technology partners at all stages of manufacturing Technology Integrated Enables efficient operations and
Slide 39: Strengths
Strengths 39 Increasing Focus on product engineering and development share of Innovation in design and product development of textile and value-added paper products products Customers in 75 countries across 5 continents Global Reach Includes nine out of top ten retailers in US, six leading retailers
Slide 40: Corporate Strategy
Corporate Strategy 40 Business excellence activities like Kaizen, TQM, TPM, 5S, Change Management to have lean Continuous manufacturing resulting in efficient usage of technology Improvement TPM Policy has been formulated across the organization to achieve zero accidents, zero defects and zero break
Slide 41: Corporate Strategy
Corporate Strategy 41 Captive Power capacities – one of the lowest ratio of Focus on Cost power cost to revenue Efficiencies Leverage existing relations with suppliers in India, China & Egypt for supply of quality cotton at competitive prices Continuous focus on spreading customers geographically En
Slide 42: About Us & Investor Contacts
5 About Us & Investor Contacts
Slide 43: About Us
About Us 43 Trident Limited is the flagship company of Trident Group a USD 1 Billion global player, with its array of customers spread across 75 countries. Trident Limited is a leading manufacturer of Terry Towels, Paper, Yarn and Chemicals. The company has emerged as one of the largest manufacturer
Slide 44: Awards & Accolades
Awards & Accolades 44 … recognized by the world 2013 Texprocil Outstanding Export Performance (3 Awards) 2009 IKEA Best Supplier (South Asia) Quality Award 2013 Principal Partner – Bath by Sears Holdings Corporation 2009 Star Trading House for Export by GOI 2012 Texprocil Outstanding Export Performa
Slide 45: Investor Contacts
Investor Contacts 45 For more information about us, please visit www.tridentindia.com OR Contact: Pawan Jain / Vaibhav Goel Ishan Selarka / Nishid Solanki Trident Limited CDR India Tel: +91 161 5039 999 Tel: +91 22 6645 1232 / 1221 Fax: +91 161 5039 900 Fax: +91 22 6645 1213 Email: pawanjain@trident