Slide 1: Earnings Presentation Q3FY22
Trident Limited Home Textile I Paper EARNINGS PRESENTATION Q3FY22
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 Earnings Presentation Q3 FY22 3
Slide 4: Company Overview
COMPANY OVERVIEW Earnings 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 3bn+ 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: Awards & Recognition
Awards & Recognition Earnings Presentation Q3 FY22 8
Slide 9: 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 10: 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 11: 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 12: Industry Overview
INDUSTRY OVERVIEW Earnings Presentation Q3 FY22 12
Slide 13: Global Industry Overview
Global Industry Overview 1000 -8% 70 In 2020, the global 838 60 textile and apparel 776 66 775 trade was US$ 774 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 14: 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 15: 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 16: 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 17: Quarterly & Operational Highlights
QUARTERLY & OPERATIONAL HIGHLIGHTS Earnings Presentation Q3 FY22 17
Slide 18: 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 19: 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 20: 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 21: 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 22: Summary of Financial Statements
SUMMARY OF FINANCIAL STATEMENTS Earnings Presentation Q3 FY22 22
Slide 23: 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 24: 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 25: 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 26: 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 27: 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 28: 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 29: Committed to the ESG & Women Empowerment
COMMITTED TO THE ESG & WOMEN EMPOWERMENT Earnings Presentation Q3 FY22 29
Slide 30: Environment Friendly Entity
Environment Friendly Entity Zero liquid discharge Waste Management Around 95% Water Recovery, 15% Conversion of daily food waste and less water consumption than PCB other waste to energy in Budhni norms. plant. Recovery of 2822 million liters of water annually. Trees Power 8100+ trees are saved on d
Slide 31: 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 32: 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 33: Way Forward
WAY FORWARD Earnings Presentation Q3 FY22 33
Slide 34: 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 35: 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 36: 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 Q3 FY22 36