Slide 1: Trident Limited Q1 FY18 Earnings Presentation
PASSION TO PERFORM Trident Limited DETERMINED TO DELIVER Q1 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 the
Slide 3: Overview
Overview Trident Ltd. Home Textiles | Paper est. in 1990 Bed & Bath One of the World’s Largest 49% Revenue Integrated Home Textile Contribution Linen Manufacturer World’s Largest Compact 33% Revenue Yarn Yarn Spinning Unit under Contribution Single Roof World’s Largest Wheat 18% Revenue Paper Straw
Slide 4: Snapshot
Snapshot Key Market Statistics 12-Aug-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,
Slide 5: Capacity Utilization
Capacity Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) 200 60% 50% 51% 50 Project 29% 36% 40% 150 50% commissioned 41% 40 30% at the end of 100 40% 30 FY16 20% 20 50 30% 6% 10% 90 90 90 10 5.4 43.2 43.2 0 20% 0 0% FY16 FY17 Q1FY18 FY16 FY17 Q1FY18 Installed Capacity Utilization Installe
Slide 6: Challenges
Challenges USD / INR Currency Chart From Apr’16 to Jun’17 70 Rupee has appreciated 67 around 2.7% compared to US Dollar 64 61 01-Apr-16 01-Jun-16 01-Aug-16 01-Oct-16 01-Dec-16 01-Feb-17 01-Apr-17 01-Jun-17 From Apr’16 to Jun’17 Cotton Prices (INR / Candy) Cotton price was up more 55000 than 20% 4500
Slide 7: Business Segments
Business Segments Segmental Revenue: Q1FY18 49% 33% 18% FY17 49% 33% 18% FY16 46% 32% 22% FY15 42% 37% 22% Bed & Bath Linen Yarn Paper Home Textile | Paper Q1 FY18 Earnings Presentation - Trident Ltd. 7
Slide 8: Home Textile
Home Textile Sales (INR Crores) EBITDA (INR Crores) +3% -7% 180 EBITDA 25% 24% EBITDA % 24% 23% 22% 175 22% 21% 21% 996 18% 20% 19% 16% 19% 18% 18% 17% 170 17% 16% 16% 15% 15% 964 165 14% 13% 13% 12% 12% 11% 10% 10% 9% 160 176 9% 8% 164 7% 7% 6% 155 6% 5% Q1 Q1 Q1 Q1 FY17 FY18 FY17 FY18 EBIT (INR Cr
Slide 9: Paper
Paper Sales (INR Crores) EBITDA (INR Crores) EBIDTA +3% +33% EBIDTA % 100 44% 50% 80 34% 40% 214 207 60 30% 40 20% 20 71 95 10% 0 0% Q1 Q1 Q1 Q1 FY17 FY18 FY17 FY18 EBIT (INR Crores) Copier Paper Sales Volume EBIT +52% Enhanced Margin due to higher EBIT % traction in Copier Paper 80 34% 40% 52% 51%
Slide 10: Key Highlights - Q1FY18
Key Highlights - Q1FY18 REVENUE EBIDTA PAT INR 1210 Cr. INR 259 Cr. INR 89 Cr. Interest Coverage Net Debt reduced by LT Debt under TUFS 7.8 x INR 45 Cr. > 75% Net Debt / Equity Cash Accrual 1st Interim Dividend 0.9 INR 191 Cr. 6% Q1 FY18 Earnings Presentation - Trident Ltd. 10
Slide 11: Key Highlights - P&L
Key Highlights - P&L Q1 FY18 Domestic business witnessed subdued growth due to transition phase of GST REVENUE (INR CR) PAT (INR CR) implementation, which is expected to be positive in the longer run for organised home 1210 +3.3% 89 +13.2% textile players. Q1FY17: 1172 Q1FY17: 78 Stronger rupee cont
Slide 12: Key Highlights - B/S
Key Highlights - B/S as on June 30, 2017 Reduction in Long Term Debt of INR 227 Crore in Q1 FY18, including High Cost Debt of INR 187 Crore NET DEBT (INR CR) LT DEBT (INR CR) Net Debt / Equity Ratio reduced from 1.0 in FY17 to 2669 -45Cr 1821 -227Cr 0.9 in Q1FY18 FY17: 2714 FY17: 2048 More than 75%
Slide 13: P&L Statement
P&L Statement (S) Particulars (INR crore) Q1 FY18 Q1 FY17 Growth% FY17 FY 16 Growth% Net Revenues 1210.4 1,171.7 3.3% 4839.3 3744.1 2.5% EBITDA 259.4 248.2 4.5% 991.9 763.5 0.6% EBITDA margin 21.4% 21.2% +20 bps 20.5% 20.4% +10bps Depreciation 102.3 103.5 -1.2% 412.4 336.6 22.5% EBIT 157.1 144.7 8.6
Slide 14: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “With our brand presence in around 450 Multi Brand Outlets and e-commerce platform, domestic business is growing at double digit and with introduction of GST we see this as a high potential market w
Slide 15: Profitability Trend
Profitability Trend Sales (INR Crores) EBITDA (INR Crores) EBITDA EBITDA % 21% 1210 260 25% 21% 20% 250 1172 15% 240 10% 230 5% 248 259 220 0% Q1FY17 Q1FY18 Q1FY17 Q1FY18 EBIT (INR Crores) PAT (INR Crores) EBIT 168 EBIT % 14% PAT 7% 13% 92 PAT % 10% 9% 158 12% 13% 82 7% 8% 13% 72 7% 148 12% 6% 62 5%
Slide 16: Profitability Trend
Profitability Trend EPS (INR) Networth* (INR Crores) EPS Net Worth 3.67 3.75 Cash EPS 3000 ROE 30.0% 2500 25.0% 17.5% 2000 17.5% 20.0% 1.54 1.75 1500 15.0% 1000 10.0% 500 1796 2033 5.0% 0 0.0% Q1FY17 Q1FY18 Q1FY17 Q1FY18 Net Block* (INR Crores) Capital Employed* (INR Crores) Capital Employed 3430 RO
Slide 17: Dividend Policy
Dividend Policy Dividend Payout Ratio Minimum Annual Maximum Annual Dividend Dividend 41% 29% 6% 33% 23% 27% of Face Value of Net Profit (Including Dividend Distribution Tax) Total FY15 FY16 FY17 Q1FY18 Year Dividend Type %age Dividend% Q1FY18 6% 1st Interim 6% Final 3% Historical Dividends (%age of
Slide 18: Awards & Accolades
Awards & Accolades Accredited with Northern Region ‘Export PHD ‘Astitva SEEM PMI India ‘Egyptian Gold Seal’ Excellence Award’ in Chamber- ASSOCHAM Samman 2017’ National Project of for Yarn, Terry Towel ‘Star Trading House-Non- Outstanding Leadership PHD Chamber Energy the Year & Bed Linen Products M
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 Q1 FY18 Earnings Presentation - Trident Ltd. 19