Slide 1: Trident Limited Corporate Presentation - Feb 2018
Trident Limited Corporate Presentation - Feb 2018
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: Overview
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 9MFY18 47% 34% 19% FY17 49% 33% 18% FY16 46% 32% 22% FY15 42% 37% 22% Bath & B
Slide 4: Snapshot
Snapshot Key Market Statistics 2-Feb-2018 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: Evolution
Evolution Inception Entered Home Textile Augmented Towel Set-up Towel Unit Set-up Towel Unit-IV & First Set-up 1st Spinning with 1st Towel with Unit –II set up – III; Bed Linen Unit TEXTILES Unit Facility Manufacturing Unit Spinning with Unit- Added Spinning Added Spinning Units - VII, Set up Spinni
Slide 6: CSR Initiatives
CSR Initiatives Free medical consultation, tests & Best Performer in Energy Health medicines; Free eye surgeries; Mobile Saving by Bureau of Energy dispensary for free primary health care Efficiency, Govt.of India PHD Chamber Award for Saakshar - Adult education; IL&FS Outstanding Contribution to pa
Slide 7: Global Home Textile Industry
Global Home Textile Industry Home Textile represents nearly 1/3rd of the global textiles & apparel industry. It is expected to touch $ 131 billion dollars by 2020 at a growth of more than 3.5%. 60.8 • Bed Linen & Bed Spread is the largest application segment of the 47.1 home textiles representing 44
Slide 8: Home Textile Industry – Global Demand
Home Textile Industry – Global Demand United States Europe US Home textiles industry is amongst the largest home textiles Europe is the 2nd largest home textiles market after Asia industry in the world. It accounted for nearly 21.1 % of the Pacific representing 26.8% of the market share worth $29 gl
Slide 9: Indian Home Textile Industry
Indian Home Textile Industry Home Textile – Demand in India Home Textile – Indian Export to US India represents 3rd largest market share in Asia Pacific Market share for US imports of cotton sheets (Yearly) home textiles market in the region. 2005 - 2013 2014 2015 2016 YTD Nov' 17 India 31% 47% 48%
Slide 10: Advantage India
Advantage India Competitive Cost of Production Textiles: A Dominant Industry Competitive Labour, Power and Raw Material Cost; Employs 45 million people across the value chain; Access to advanced technology under Textile Strong Government support to industry Upgradation Fund Favourable Government Cot
Slide 11: Why Trident
Why Trident Infrastructure Clientele De-risking Design Marketing Largest Capacity & Client Relationship Risk Strong Product Market World Class Management Design Intelligence Technology Integrated business Longstanding Sufficient portion of Focus on increasing Design studios and forex exposure is mod
Slide 12: Integrated Home Textile Manufacturer
Integrated Home Textile Manufacturer Yarn from Yarn Home Textile Bath Linen Manufacturing Processes Bed Linen Manufacturing Processes 100% Cotton Yarn, Compact Yarn, Air- TFO-Two for One Warping Sizing Warping Weaving Rich, Zero Twist, Blended Yarn, Fancy Yarn, Melange, Specialty & others Bed Linen
Slide 13: Strategy
Strategy • Leverage existing customer • Continue to focus on innovation • Further strengthen our brand and relationship to further expand our and developing value added market share in the growing retail Bed Linen business products. textile business in India. • Improve brand presence through multi b
Slide 14: Focus on Innovation and Value Added Products
Focus on Innovation and Value Added Products • Superior Cotton • Durable Compact Yarn Yarn • Quick Dry • Feather Soft Sheet • Super Soft • Enhanced Lustre & • Moisture Management Vibrant Shades • Everlasting Touch • Breathable • Bio Softness • Super Soft • Superior Softness • All Season Sheet • Mois
Slide 15: Market Updates
Market Updates USD / INR Currency Chart From Apr’16 to Sep’17 Rupee has From Sep’17 to 70 appreciated Dec’17 Rupee has 68 around 1.6% compared to US appreciated around 66 Dollar 2.3% compared to US 64 Dollar 62 60 01-Apr-16 01-Jun-16 01-Aug-16 01-Oct-16 01-Dec-16 01-Feb-17 01-Apr-17 01-Jun-17 01-Aug
Slide 16: Market Updates
Market Updates Cotton Prices (INR / Candy) 55000 From Apr’16 From Sep’17 to 50000 to Sep’17 Dec’17 Cotton 45000 Cotton price 40000 was up price was up more 35000 more than than 8% 30000 14% 25000 01-Apr-16 01-Jun-16 01-Aug-16 01-Oct-16 01-Dec-16 01-Feb-17 01-Apr-17 01-Jun-17 01-Aug-17 01-Oct-17 01-D
Slide 17: Textile - Financials
Textile - Financials Sales (INR Crores) EBIT (INR Crores) 3872 344 2964 2881 2885 282 300 186 FY 15 FY 16 FY 17 9M FY18 FY 15 FY 16 FY 17 9M FY18 Capital Employed (INR Crores) ROCE % (Annualised) 5130 4842 4683 8% 7% 3519 6% 5% FY 15 FY 16 FY 17 9M FY18 FY 15 FY 16 FY 17 9M FY18 Manufacturing Capaci
Slide 18: Paper Business
Paper Business Recently Launched Bond Paper 72 GSM 100 GSM 75 GSM Eco-friendly 86% Brightness 92% Brightness 88% Brightness product in ultra- white shade 75 GSM 80 GSM 70 GSM 100 GSM 90% Brightness 90% Brightness 87% Brightness 94% Brightness Eco Wheat Straw High Jam Free Friendly based Paper Qualit
Slide 19: Paper - Financials
Paper - Financials Sales (INR Crores) EBIT (INR Crores) 232 216 819 831 872 648 149 160 FY 15 FY 16 FY 17 9M FY18 FY 15 FY 16 FY 17 9M FY18 Capital Employed (INR Crores) ROCE % (Annualised) 580 598 49% 48% 474 39% 381 28% FY 15 FY 16 FY 17 9M FY18 FY 15 FY 16 FY 17 9M FY18 Manufacturing Capacity FY
Slide 20: P&L Statement (S)
P&L Statement (S) Particulars (INR crore) Q3 FY18 Q3 FY17 Shift% 9MFY18 9MFY17 Shift% Net Revenues 1168.7 1144.5 2.1% 3532.8 3502.3 0.9% EBITDA 231.6 235.9 -1.8% 700.1 729.9 -4.1% EBITDA margin 19.8% 20.6% -80bps 19.8% 20.8% -100bps Depreciation 101.3 103.5 -2.1% 305.8 311.4 -1.8% EBIT 130.3 132.3 -
Slide 21: Key Ratios
Key Ratios Particulars (INR crore) 9MFY18 FY17 FY16 Return on Capital Employed* 10.7% 12.6% 10.0% Return on Equity* 13.3% 17.1% 14.7% Interest Coverage 7.7 7.0 5.7 Net Debt to Equity 0.9 1.0 1.4 Net Debt / EBITDA 2.7 2.7 4.1 *Excludes fair valuation of land as per IND – AS ; Figures are annualized C
Slide 22: Dividend Policy
Dividend Policy Minimum Annual Maximum Annual Dividend Payout Ratio Dividend Dividend 35% 29% 27% 23% 6% 33% of Face Value of Net Profit (Including Dividend Distribution Tax) Year Total Div% Dividend Type %age FY15 FY16 FY17 9MFY18 st 1 Interim 6% 9MFY18 12% 2nd Interim 6% Final 3% Historical Divide
Slide 23: Way Forward
Way Forward We will keep focusing on increasing capacity utilization with better Product Mix, thereby benefit from operating leverage Keep increasing Yarn’s captive utilization, which will reduce price volatility risk and improve margins Focus on improving Cashflow generation and follow prudent Capi
Slide 24: Awards & Accolades
Awards & Accolades Accredited with Northern Region ‘Export Best Performer in Energy Saving by Bureau of Energy Efficiency,Govt.of India ‘Egyptian Gold Seal’ Excellence Award’ in ‘Confederation of Indian Textile Industry (CITI) Award for Excellence’ for Yarn, Terry Towel ‘Star Trading House-Non- ‘Nat
Slide 25: 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 Corporate Presentation - Trident Ltd. – Feb 2018 25