Slide 1: Q2 FY18 Earnings Presentation
BEST IS YET TO COME Trident Limited Q2 FY18 Earnings Presentation
Slide 2: Safe Harbour
Safe Harbour ▪ 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: Overview
Overview Textiles Paper Largest Player in terms of Terry Towel Capacity & One of the Textile largest players in Home Textile Space in India Highest Operating Margin Paper among Key Listed Players in India HOME TEXTILE Revenue Split between segments H1FY18 49% 33% 18% FY17 49% 33% 18% FY16 46% 32% 22
Slide 4: Snapshot
Snapshot Key Market Statistics 2-Nov-2017 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 Kolkata, B
Slide 5: Textile
Textile Sales (INR Crores) EBITDA (INR Crores) +1% -22% -37% +1% 1895 1921 400 30.0% 300 19.3% 19.0% 11.9% 14.6% 20.0% 942 952 200 10.0% 182 360 281 100 114 0 0.0% Q2 Q2 H1 FY17 H1 FY18 Q2 Q2 H1 FY17 H1 FY18 FY17 FY18 FY17 FY18 EBITDA EBITDA % EBIT (INR Crores) Revenue Mix (Bed Sheet and Bath Linen)
Slide 6: Market Updates
Market Updates USD / INR Currency Chart From Apr’16 to Jun’17 Rupee has From July’17 to 70 appreciated Sep’17 Rupee has 68 around 2.7% depreciated compared to US 66 Dollar around 0.7% 64 compared to US 62 Dollar 60 01/Apr/16 01/Jul/16 01/Oct/16 01/Jan/17 01/Apr/17 01/Jul/17 30-Sep-17 USD / CNY Curre
Slide 7: Market Updates
Market Updates Cotton Prices (INR / Candy) From Apr’16 From July’17 to 55000 to Jun’17 50000 Sep’17 Cotton Cotton price 45000 price was down was up 40000 more than more than 6% 35000 20% 30000 25000 01/Apr/16 01/Jul/16 01/Oct/16 01/Jan/17 01/Apr/17 01/Jul/17 30-Sep-17 Cotton : 29mm Futures Contract
Slide 8: Paper
Paper Sales (INR Crores) EBITDA (INR Crores) -2% +30% +48% -7% 425 415 250 48.0% 46.1% 60.0% 200 34.7% 218 204 150 30.4% 40.0% 100 20.0% 147 191 50 66 98 0 0.0% Q2 Q2 H1 FY17 H1 FY18 Q2 Q2 H1 FY17 H1 FY18 FY17 FY18 FY17 FY18 EBIDTA EBIDTA % EBIT (INR Crores) Copier Paper Sales (Volume Trend) +76% +6
Slide 9: Key Highlights - P&L
Key Highlights - P&L H1 FY18 ▪ Captive Consumption of Yarn volume increased by 24.6% in H1FY18 compared to H1FY17, REVENUE (INR CR) PAT (INR CR) bringing down product price risks. 2401 +1.6% 140 -11.9% ▪ Bed Linen gained healthy volume growth of 23% H1FY17: 2363 H1FY17 : 159 with Sales growth of 30%
Slide 10: Key Highlights - B/S
Key Highlights - B/S ▪ Cash generated from Operations INR 623 Crore in as on Sep 30, 2017 H1FY18 ▪ Focus on Cash flows and prudent Capital Allocation NET DEBT (INR CR) LT DEBT (INR CR) ▪ Keep reducing debt. 2326 -388Cr 1689 -359Cr ▪ Long Term Debt came down by INR 359 Crore in H1 FY18, including Hig
Slide 11: Capacity Utilization
Capacity Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) 200 60% 50% 50 Project 50% 47% 29% 39% 150 50% commissioned 41% 40 40% at the end of 100 40% 30 FY16 30% 20 20% 50 30% 6% 90 90 90 10 10% 5.4 43.2 43.2 0 20% 0 0% FY16 FY17 H1FY18 FY16 FY17 H1FY18 Installed Capacity Utilization Inst
Slide 12: Key Highlights – Q2FY18
Key Highlights – Q2FY18 REVENUE EBIDTA PAT INR 1191 Cr. INR 209 Cr. INR 51 Cr. Interest Coverage Net Debt reduced by LT Debt under TUFS 6.6 x INR 343 Cr. ~ 80% Net Debt / Equity Cash Accrual Net Debt / EBITDA 0.8 INR 153 Cr. 2.8 x Upgraded ▪ CARE AA- (LT Bank Facilities) Upgraded ▪ ‘5A1’ (Minimal Ri
Slide 13: P&L Statement (S)
P&L Statement (S) Particulars (INR crore) Q2 FY18 Q2 FY17 Shift% H1FY18 H1FY17 Shift% Net Revenues 1190.6 1191.0 0.0% 2401.0 2363.2 1.6% EBITDA 209.1 245.3 -14.8% 468.5 494.0 -5.2% EBITDA margin 17.6% 20.6% -300bps 19.5% 20.9% -140bps Depreciation 102.2 104.4 -2.1% 204.5 207.9 -1.6% EBIT 106.9 140.9
Slide 14: Balance Sheet (S)
Balance Sheet (S) As on As on As on As on Particulars (INR crore) Particulars (INR crore) Sep 30, 2017 Mar 31, 2017 Sep 30, 2017 Mar 31, 2017 Source of Funds Application of Funds Non Current Assets 4499.09 4645.53 Equity 2805.17 2724.50 Property, Plant & Equipment 4126.74 4307.42 Equity Share Capita
Slide 15: Profitability Trend
Profitability Trend Sales (INR Crores) EBITDA (INR Crores) EBITDA EBITDA % 1191.0 1190.6 25.0% 20.6% 17.6% 20.0% 200 15.0% 100 10.0% 245 209 5.0% 0 0.0% Q2FY17 Q2FY18 Q2FY17 Q2FY18 EBIT (INR Crores) PAT (INR Crores) EBIT EBIT % PAT PAT % 90 14.0% 11.8% 14.0% 80 12.0% 70 150 9.0% 12.0% 10.0% 10.0% 60
Slide 16: Profitability Trend
Profitability Trend EPS (INR) Networth* (INR Crores) EPS Cash EPS Net Worth ROE 3000 30.0% 3.62 3.00 2500 13.8% 25.0% 2000 17.4% 20.0% 1.57 1500 15.0% 1.00 1000 10.0% 500 1825 2027 5.0% 0 0.0% Q2FY17 Q2FY18 Sep' 17 Sep' 18 Net Block* (INR Crores) Capital Employed* (INR Crores) Capital Employed 3628
Slide 17: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “Last quarter was a stress test for our Company with challenges seen from product pricing in textiles to adverse impact of GST in the domestic business. In spiteof these, your Company has demonstrat
Slide 18: Awards & Accolades
Awards & Accolades Accredited with Northern Region ‘Export SEEM ‘Confederation ‘National ‘Astitva PMI India ‘Egyptian Gold Seal’ Excellence Award’ in of Indian Textile National Energy Samman 2017’ Project of for Yarn, Terry Towel ‘Star Trading House-Non- Industry (CITI) Energy Management PHD Chamber
Slide 19: Thank You
For more information about us, please visit www.tridentindia.com Pawan Jain / Vipul Garg Investor Relations, Trident Ltd. Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: pawanjain@tridentindia.com, vipulgarg@tridentindia.com Thank You Q2 FY18 Earnings Presentation - Trident Ltd. 19