Slide 1: Exchange filing cover letter: Earnings Presentation
TRIDENT/CS/2023 November 18, 2023 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: TRIDENT BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Scrip Code: 521064 Sub: Earnings’ Presentation
Slide 2: Earnings Presentation Q2FY24 / H1FY24
Trident Limited Yarn | Towel |Bedsheets I Paper EARNINGS PRESENTATION Q2FY24/ H1FY24
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 Q2 FY24 3
Slide 5: Company Overview
COMPANY OVERVIEW Earnings Presentation Q2 FY24 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 #1 in North India for Branded Copier segment 13000+ Workforce 150+ Countries C World-class Infrastructure & Technology D Globally Best-in
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: Awards & Recognition
Awards & Recognition Earnings Presentation Q2 FY24 7
Slide 9: 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 Bed Bed Bath Bath Trident’s home textile brands are across a range of luxury, premium, essentials, exclusive and gifting products
Slide 10: Earnings Presentation Q2 FY24
Earnings Presentation Q2 Q1 FY24 9
Slide 11: Snapshot Q2 FY24
Snapshot Q2 FY24 Total Income EBITDA Margin PBT Margin Free Cashflow INR 17,755 Mn 14.30% 7.41% INR 403 Mn Capacity Utilization Revenue Segment Q2 FY23 Q2 FY24 100% Q2 FY23 Q2 FY24 90% 86% 87% 17% 80% 24% 71% 70% 64% 60% 57% 51% 50% 50% 44% 52% 57% 40% 27% 30% 24% 20% 10% Bed & Bath Linen Yarn Paper
Slide 12: Shareholding and Dividend Payout
Shareholding and Dividend Payout Key Market Statistics (30th Sep 2023) (INR) Shareholding Pattern (30th Sep 2023) BSE Ticker 521064 NSE Ticker Trident Promoters 25.56% Bloomberg code TRID:IN Reuters TRIE.NS Non-Promoters, Non-Public 1.25% Market Price 37.65 Market Cap (in million) 191,864 73.19% Pub
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 Q2 FY24 13
Slide 15: Global Industry Overview
Global Industry Overview 1,300 1,200 1,200 80 In 2021, the global 1,100 1,000 85 1,000 textile and apparel trade was US$ 871 839 871 75 bn. having grown at 900 789 70 approx. 3% CAGR 71 8% 800 70 50 60 7% since 2017. 50 51 700 715 It is expected to 600 575 reach US$ 1.2 500 482 493 57% 455 trillion
Slide 16: India's Domestic Industry Overview
India’s Domestic Industry Overview 300 250 250 250 16 200 165 54 200 India’s domestic textile 150 & apparel has grown from US$ 50 bn in 2010- 125 11 150 11 to US$ 110 bn in 110 106 34 2022, registering a growth of 7%. 9 100 8 8 24 100 The market is further 20 22 180 expected to grow at 10% 50 CAGR f
Slide 17: India's share in US Market
INDIA’s share in US Market US Imports of Cotton Sheets Y-o-Y comparison on US Cotton Sheets Imports for Jan-Sep 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% India China Pakistan ROW 2018 2019 2020 2021 2022 2020 50% 15% 21% 14% ROW 13% 12% 14% 11% 12% 2021 58% 12% 19% 11% Pakistan 17% 19% 20% 20% 24%
Slide 18: Quarterly & Operational Highlights
QUARTERLY & OPERATIONAL HIGHLIGHTS Earnings Presentation Q2 FY24 17
Slide 19: Quarterly Highlights (P&L)
Quarterly Highlights (P&L) Figures in INR Million except EPS Y-o-Y Q-o-Q Particulars Q2FY24 Q2FY23 Q1 FY24 Change Change Total Income 17,755 14,239 24.7% 14,782 20.1% EBITDA 2,540 1,477 71.9% 2,393 6.1% Depreciation 881 775 13.7% 874 0.8% Finance Cost 342 196 74.3% 314 8.8% Profit before tax * 1,678
Slide 20: Quarterly Margins (P&L)
Quarterly Margins (P&L) 16.2% 14.3% EBITDA MARGIN 10.4% Revenue Exports 20,000 100% 99% 98% 97% 96% 95% 94% 93% 92% 91% 90% 89% 88% 87% Q2 FY23 Q1 FY24 Q2 FY24 86% 85% 84% 83% Exports as of Revenue 82% 81% 18,000 80% 79% 78% 77% 76% 75% 74% 73% 66% 72% 71% 70% 69% 10.3% 63% 68% 67% 9.3% 66% 65% 64%
Slide 21: Quarterly Highlights (B/S)
Quarterly Highlights (B/S) NET DEBT/ EQUITY As on As on As on Particulars (in times) Sep 2023 Sep 2022 Mar 2023 0.29 Net Worth 41,381 39,281 41,258 0.20 0.25 Short Term Loans 4,220 6,267 5,519 as on Sep'22 as on Mar'23 as on Sep'23 Long Term Loans 11,740 5,236 8,222 Gross Debt 15,960 11,503 13,741 N
Slide 22: Segment Highlights (P&L)
Segment Highlights (P&L) Y-o-Y Y-o-Y Particulars Q2 FY24 Q2 FY23 H1FY24 H1FY23 Revenue Change Change Textile 17% Revenue 14,654 12,063 21.48% 26,717 24,208 10.36% EBIT 1,292 1,000 29.20% 2,292 1,051 118.08% EBIT Margin 8.82% 8.29% 53 Bps 8.57% 4.34% 423 Bps Paper 83% Revenue 2,957 2,607 13.43% 5,564
Slide 23: Summary of Financial Statements
SUMMARY OF FINANCIAL STATEMENTS Earnings Presentation Q2 FY24 22
Slide 24: Historical P&L Statement
Historical P&L Statement Recent performance and growth Particulars FY20 FY21 FY22 FY23 H1FY24 ✓ Total Revenue for the H1FY24 stood at INR 32,282 Mn with sales growth of 4.3% as Total Income 47,240 45,353 69,415 62,913 32,282 compared to H1FY23 owing to primarily the increase in demand. EBITDA 8,653
Slide 25: Historical Balance Sheet
Historical Balance Sheet As on As on As on As on As on Particulars March 31, 2020 March 31, 2021 March 31, 2022 March 31, 2023 September 30, 2023 CAPITAL AND LIABILITIES Capital 5,096 5,096 5,096 5,096 5,096 Reserves and surplus 24,573 28,070 32,876 36,162 36,285 Borrowings 19,518 15,355 15,706 13,7
Slide 26: Financial Performance
Financial Performance REVENUE EBITDA 67% 65% 150 00 145 00 35. 0% 54% 140 00 15.0% 135 00 700 00 80. 0% 695 00 56% 690 00 64% 685 00 130 00 680 00 675 00 30. 0% 670 00 665 00 660 00 125 00 655 00 650 00 645 00 640 00 635 00 120 00 630 00 49% 625 00 21.7% 620 00 70. 0% 615 00 610 00 115 00 605 00 600
Slide 27: Ratios Summary
Ratios Summary Type Parameters FY20 FY22 FY22 FY23 H1FY24 Net Debt/Equity 0.54 0.34 0.34 0.25 0.29 Solvency Ratios Net Debt/EBITDA 1.87 0.86 0.86 1.09 1.21 Interest Coverage Ratio 7.81 17.62 17.62 12.17 7.52 Current ratio 1.04 1.25 1.25 1.35 1.43 Fixed asset turnover 1.30 1.89 1.89 1.44 1.41 Operati
Slide 28: 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 H1FY24 58% 25% 17% H1FY23 50% 29% 22% FY23 55% 24% 21% FY22 58% 28% 14
Slide 29: Segmental Performance Annual
Segmental Performance Annual Revenue Mix Capacity -Towels (in 000’tons) Capacity-Bed Linen (In Mn meters) 18.4% 100 48% 53% 61% 48% 53% 70% 100 88% 100 % Textiles 700 00 19. 0% 90 90 80% 90% 8.6% 17. 0% 60% 60% 67% 600 00 80 80 80% 10.0% 6.6% 43% 64% 15. 0% 61% Textiles 50% 70 70 70% 8.0% 500 00 13.
Slide 30: Committed to the ESG & Women Empowerment
COMMITTED TO THE ESG & WOMEN EMPOWERMENT Earnings Presentation Q2 FY24 29
Slide 31: Environment Friendly Entity
Environment Friendly Entity Zero liquid discharge Water Around 95% Water Recovery, 15% • Cleaning of Narmada river every quarter in order to provide less water consumption than clean water and area to the locals resulting removal of 100 benchmark of 50 meter/cubic per ton MT waste over period of 3 y
Slide 32: Committed towards Social Cause
Committed towards Social Cause Uplifting the differently abled • Impacting 10000+ youths through short/long term skill development through Takshashila Academy. • Sponsored education of 900+ students and supply of books provided to more than 10000 children. Opportunities for Farmers • Motivated farme
Slide 33: Efficient Corporate Governance
Efficient Corporate Governance 1 National Award for Excellence in Corporate Governance 2 times stood among the Top 25 Indian Corporates adopting Good Corporate Governance 3 times National Recognition for Good Corporate Governance India Rating CARE CRISIL D&B AA (Stable Outlook): AA (Stable Outlook):
Slide 34: Way Forward
WAY FORWARD Earnings Presentation Q2 FY24 33
Slide 35: Future Prospects - CAPEX
Future Prospects - CAPEX Particulars Yarn Bathlinen Chemicals Existing Capacity Spindles- 5.89 Lacs; 622 Looms 1.1 Lacs TPA Rotors- 7464 and Air Jet – 320 Existing Capacity Utilization (FY23) 64% 48% 91% Proposed Capacity Addition Spindles- 98,496 Lacs 42 Looms 1.05 Lacs TPA Spindles- 94,848 Lacs Ex
Slide 36: Thank You
THANK YOU THANK GET IN TOUCH Mr. Avneesh Barua/ Mr. Rahul Sharma Investor Relations, Trident Limited YOU Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: corp.relations@tridentindia.com Visit us @ www.tridentindia.com Earnings Presentation Q2 FY24 35