Slide 1: Q3 & 9M FY14 Performance Overview
Q3 & 9M 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: Q3 FY14 Financial Highlights
Q3 FY14 Financial Highlights 5 Compared with Q3 FY13 Net Revenues higher by 23.2% at Rs. 1,020.9 crore from Rs. 828.4 crore; EBITDA improved from Rs. 145.7 crore to Rs. 183.6 crore; up 26.0% EBIDTA Margins stood at 18.0% PAT enhanced to Rs. 50.9 crore from Rs. 14.2 crore Diluted EPS (non-annualize
Slide 6: Q3 FY14 Operational Highlights
Q3 FY14 Operational Highlights 6 Compared with Q3 FY13 Higher off-take of all products viz. Yarn, Terry Towel and Paper, combined with improved realizations as a result of enhancing the product mix towards value-added products enabled Topline growth Margin expansion resultant to Increasing contribut
Slide 7: Profit & Loss Abstract
Profit & Loss Abstract 7 Q3 FY14 Q3 FY13 Growth % Particulars (Rs. crore) 9M FY14 9M FY13 Growth % 1,020.9 828.4 23.2 Net Revenues 2893.9 2461.1 17.6 837.3 682.7 22.7 Total Expenditure 2304.8 2064.0 11.7 550.0 449.1 22.5 - Material Consumed 1498.7 1352.5 10.8 287.3 233.6 23.0 - Other Costs & Expense
Slide 8: Management Comment
Management Comment 8 Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Limited said: “Our performance this quarter has been heartening given the continued momentum in revenues as well as progress on several strategic initiatives. Greater economies of scale arising from balanced
Slide 9: Business Overview
2 Business Overview
Slide 10: Trident Yarn
Trident Yarn
Slide 11: Product Portfolio
Overview 11 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 12: Operational & Financial Highlights
Operational & Financial Highlights 12 Production (MT) Sales (MT) 22,285 21,609 21,562 21,955 22,033 21,606 Q3 FY13 Q2 FY14 Q3 FY14 Q3 FY13 Q2 FY14 Q3 FY14 Revenues (Rs. crore) PBIT (Rs. crore) 507.1 73.0 489.5 50.1 431.8 42.7 Q3 FY13 Q2 FY14 Q3 FY14 Q3 FY13 Q2 FY14 Q3 FY14 YARN
Slide 13: Perspectives
Perspectives 13 Comments on Q3 FY14 Performance Topline grew by 13.4% to Rs. 489.5 crore compared to Rs. 431.8 crore in the corresponding quarter of last year • While sales volume declined by 1.6%, realizations improved by 15.2% • Improvement in realizations driven by the enhanced focus on value-add
Slide 14: Perspectives
Perspectives 14 Outlook Robust demand expected in weaving 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 increasing focus on end buye
Slide 15: Trident Terry Towel
Trident Terry Towel
Slide 16: Product Portfolio
Overview 16 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 17: Operational & Financial Highlights
Operational & Financial Highlights 17 Production (MT) Sales (MT) 7,744 7,510 7,550 8,065 7,315 7,054 Q3 FY13 Q2 FY14 Q3 FY14 Q3 FY13 Q2 FY14 Q3 FY14 Revenues (Rs. crore) PBIT (Rs. crore) 412.0 362.7 48.3 307.3 42.8 22.4 Q3 FY13 Q2 FY14 Q3 FY14 Q3 FY13 Q2 FY14 Q3 FY14 TERRY TOWEL
Slide 18: Perspectives
Perspectives 18 Comments on Q3 FY14 Performance Topline growth of 34.1% driven by increase in both, sales volumes as well as realizations - • Realizations improved by 25.5% backed by greater focus on value-added products • Sales volume improved by 6.8% PBIT increased from Rs. 22.4 crore in Q3 FY13 t
Slide 19: Perspectives
Perspectives 19 Outlook Focus on building “Brand awareness” to the customers Branding waves for domestic consumers to be launched - to be clubbed with the festive season Distribution market demand expected to be robust given improved consumption trend over Q4 period Large format stores and Value
Slide 20: Trident Paper
S y et —=s Trident Paper
Slide 21: Product Portfolio
Overview 21 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 22: Operational & Financial Highlights
Operational & Financial Highlights 22 Production (MT) Sales (MT) 41,228 38,892 40,204 39,031 39,397 38,473 Q3 FY13 Q2 FY14 Q3 FY14 Q3 FY13 Q2 FY14 Q3 FY14 Revenues* (Rs. crore) PBIT* (Rs. crore) 31.9 33.8 212.8 215.4 177.9 25.1 Q3 FY13 Q2 FY14 Q3 FY14 Q3 FY13 Q2 FY14 Q3 FY14 * Includes Paper & Chemi
Slide 23: Perspectives
Perspectives 23 Comments on Q3 FY14 Performance Topline growth of 21.1% driven by increase in both, sales volumes as well as realizations • Sales volume grew by 2.4% while realizations improved by 18.2% • Improved realizations resulting from enhanced product mix towards the copier segment Encouragin
Slide 24: Merger of Trident Corporation Limited with Trident Limited
Merger of Trident 3 Corporation Limited with Trident Limited
Slide 25: About Trident Corporation Limited (TCL)
About Trident Corporation Limited (TCL) 25 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 26: Highlights of the Merger Scheme
Highlights of the Merger Scheme 26 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 27: Updates on the Merger Scheme
Updates on the Merger Scheme 27 The equity shareholders, secured creditors and unsecured creditors of Trident Limited unanimously approved the “Scheme of amalgamation of Trident Corporation Limited with Trident Limited and their respective shareholders and creditors” in their separate meetings held
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 *9M FY14 figures non-annualized P&L (Rs. crore) Balance Sheet (Rs. crore) Ratios Revenues Networth Debt:Equity (x) 909 3.4 3.6 3.5 3,357 651 706 3.2 2,537 2,752 2,894 503 532 1,819 1.9 FY10 FY11 FY12 FY13 9M FY10 FY11 FY12 FY13 9M FY14 FY14 FY10 FY11 FY12 FY13 9M FY14
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