Trident Limited · NSE:TRIDENT
Trident — Q4 FY22 Earnings Presentation
38 slides from Trident's earnings presentation, May 31, 2022
Slide 1: Exchange covering letter for earnings presentation
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Slide 2: Earnings Presentation Q4FY22 / FY22
Trident Limited Home Textile I Paper EARNINGS PRESENTATION Q4FY22 / FY22
Slide 3: 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 4: 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 Earnings Presentation Q4 FY22 3
Slide 5: Company Overview
COMPANY OVERVIEW Earnings Presentation Q4 FY22 4
Slide 6: 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 3bn+ 150+ Business Group countries #1 in North India for Branded Copier segment C World-class Infrastructure & Technology 67% Exports
Slide 7: 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 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 Earnings Presentation Q4 FY22 8
Slide 10: Creating differentiation across brands & products
Creating differentiation across brands & products Domestic home Domestic home textile textile brands brands International home textile International 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: Snapshot Q4 FY22
Snapshot Q4 FY22 Total Income EBITDA Margin PBT Margin Free Cash Flow Rs 18,531 Mn 18.00% 12.63% Rs 5,569 Mn Management’s Commentary: “Despite the high commodities prices, inflationary issues, and supply chain constraints, we delivered resilient performance for our stakeholders during the year. We r
Slide 12: Shareholding and Dividend Payout
Shareholding and Dividend Payout Key Market Statistics (30th May 2022) (INR) Shareholding Pattern (31st March 2022) BSE Ticker 521064 NSE Ticker Trident Promoters 25% Bloomberg code TRID:IN Reuters TRIE.NS Non-Promoters- Non Public 2% Market Price 48.05 Market Cap (in million) 2,44,863 73% Public Ou
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 Earnings Presentation Q4 FY22 13
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: 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 17: India's share in US Market
INDIA’s share in US Market US Imports of Cotton Sheets US Imports of Terry Towels 100% 100% 90% 90% 80% 80% 70% 70% 60% 60% 50% 50% 40% 40% 30% 30% 20% 20% 10% 10% 0% 0% 2022* 2022* 2018 2019 2020 2021 2018 2019 2020 2021 (Jan-Mar) (Jan-Mar) ROW 13% 12% 14% 11% 9% ROW 16% 16% 16% 16% 17% Pakistan 17
Slide 18: 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 2018 2019 2020 2021 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% 21% 17% 16% India
Slide 19: Quarterly & Operational Highlights
QUARTERLY & OPERATIONAL HIGHLIGHTS Earnings Presentation Q4 FY22 18
Slide 20: Quarterly Highlights (P&L)
Quarterly Highlights (P&L) Y-o-Y Q-o-Q Particulars Q4FY22 Q4FY21 Q3 FY22 Change Change Total Income 18,531 13,526 37.0% 19,611 -5.5% EBITDA 3,335 2,382 40.0% 4,063 -17.9% Depreciation 810 880 -8.0% 775 4.5% Finance Cost 185 234 -20.9% 224 -17.4% PBT before exceptional items 2341 1,268 84.6% 3,064 -2
Slide 21: Quarterly Margins (P&L)
Quarterly Margins (P&L) 20.7% EBITDA MARGIN 18.0% Revenue Exports 17.6% 25000 75% 71% 64% 65% Q4 FY21 Q3 FY22 Q4 FY22 Exports as of Revenue 20000 57% 55% 16.7% 45% 13.6% EBIT MARGIN 15000 11.1% 35% 10000 25% Q4 FY21 Q3 FY22 Q4 FY22 15% 5000 10.7% 9.4% 5% 13526 19611 18531 PAT MARGIN 5.6% 0 -5% Q4 FY
Slide 22: Quarterly Highlights (B/S)
Quarterly Highlights (B/S) NET DEBT/ EQUITY Particulars Q4 FY22 Q4 FY21 Q3FY22 (in times) 0.43 0.41 Net Worth 37,972 33,165 36,294 0.34 Short Term Loans 12,134 12,336 12,268 Q4 FY21 Q3 FY22 Q4 FY22 Long Term Loans 3,572 3,019 3,818 Gross Debt 15,706 15,355 16,086 NET DEBT/ EBITDA Cash & Cash Equival
Slide 23: Segment Highlights (P&L)
Segment Highlights (P&L) Y-o-Y Y-o-Y Particulars Q4 FY22 Q4 FY21 FY22 FY21 Revenue Change Change Home Textile 14% Revenue 15,699 11,319 38.7% 59,395 38,161 55.6% EBIT 2,437 1,199 103.2% 10,905 3,925 177.9% EBIT Margin 15.52% 10.59% 493 bps 18.36% 10.28% 808 bps Paper Revenue 2,774 2,184 27.0% 9,804
Slide 24: Summary of Financial Statements
SUMMARY OF FINANCIAL STATEMENTS Earnings Presentation Q4 FY22 23
Slide 25: Historical P&L Statement
Historical P&L Statement Recent performance and growth Particulars FY19 FY20 FY21 FY22 Y-o-Y % ✓ Total Revenue for the FY22 stood at INR Total Income 52,653 47,240 45,353 69,415 53% 69415 Mn with sales growth of 53% as compared to FY21 owing to primarily the EBITDA 10,231 8,653 8,270 15.100 83% incr
Slide 26: Historical Balance Sheet
Historical Balance Sheet As at As at As at As at Particulars March 31, 2019 March 31, 2020 March 31, 2021 March 31, 2022 CAPITAL AND LIABILITIES Capital 5,096 5,096 5,096 5,096 Reserves and surplus 24,216 24,573 28,070 32,876 Borrowings 24,358 19,518 15,355 15,706 Deferred tax liabilities 4,083 3,36
Slide 27: Financial Performance
Financial Performance REVENUE EBITDA 58% 67% 150 00 35. 0% 56% 145 00 725 00 720 00 715 00 710 00 705 00 700 00 695 00 690 00 54% 65% 80. 0% 140 00 135 00 130 00 30. 0% 685 00 680 00 675 00 670 00 665 00 125 00 660 00 655 00 650 00 21.7% 645 00 70. 0% 640 00 120 00 635 00 630 00 625 00 620 00 18.3%
Slide 28: Ratios Summary
Ratios Summary Type Parameters FY20 FY21 FY22 Net Debt/Equity 0.54 0.42 0.34 Solvency Ratios Net Debt/EBITDA 1.87 1.72 0.86 Interest Coverage Ratio 7.81 11.49 17.62 Current ratio 1.04 0.99 1.25 Fixed asset turnover 1.30 1.21 1.89 Operational Ratios Inventory days 70.8 81.4 68.1 Debtor days 21.6 36.7
Slide 29: 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 FY22 58% 28% 14% FY21 64% 20% 16% FY20 54% 26% 20% FY19 51% 30% 19% FY
Slide 30: Segmental Performance Annual
Segmental Performance Annual Revenue Mix Capacity -Towels (in 000’tons) Capacity-Bed Linen (In Mn meters) 61% 88% 100 70% 100 100 % Textiles 49% 53% 80% 45% 90 90% 63% 98 60% 48% 18.4% 80 80% 700 00 22. 0% 96 60% Textiles 50% 44% 70 70% 600 00 94 17. 0% 60 60% 40% 500 00 10.0% 92 50 50% 8.0% 8.0% 12
Slide 31: Committed to the ESG & Women Empowerment
COMMITTED TO THE ESG & WOMEN EMPOWERMENT Earnings Presentation Q4 FY22 30
Slide 32: 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 33: 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 34: 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 (Positive Outlook): AA (Posit
Slide 35: Way Forward
WAY FORWARD Earnings Presentation Q4 FY22 34
Slide 36: 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 37: 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 38: 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 Earnings Presentation Q4 FY22 37