Slide 1: Exchange filing cover letter for earnings presentation
TRIDENT/CS/2024 May 23, 2024 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 Dear
Slide 2: Earnings Presentation Q4 FY24 | FY24
Trident Limited Yarn | Bath & Bed Linen | Paper| Chemicals | Energy EARNINGS PRESENTATION Q4FY24 | FY24 Earnings Presentation Q4 FY24
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: Our Vision, Our Values
OUR VISION OUR VALUES Inspired by challenge, To provide customer satisfaction, we will add value to life, through teamwork, and together prosper globally. based on honesty & integrity, for continuous growth & development. Earnings Presentation Q4 FY24
Slide 5: Index
Index INDEX 01 COMPANY OVERVIEW INDUSTRY OVERVIEW 02 COMMITTED TO ESG & 03 WOMEN EMPOWERMENT QUARTERLY & OPERATIONAL OVERVIEW 04 SUMMARY OF 05 FINANCIAL STATEMENTS Earnings Presentation Q4 FY24 4
Slide 6: Company Overview
COMPANY OVERVIEW YARN | BED & BATH LINEN | PAPER | CHEMICALS | ENERGY Earnings Presentation Q4 FY24 5
Slide 7: Trident's Journey @ A Glance
TRIDENT’S JOURNEY @ A GLANCE 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 15500+ Workforce 90+ Countries C World-Class Infrastructure & Technology D Globally Best-in-Clas
Slide 8: Trident's Transformation Journey
TRIDENT’S TRANSFORMATION JOURNEY Going Forward Started As A Make Trident a National Brand Commodity Player • E-commerce Website • Retail Outlets • Social Media Presence Inception: Started as a yarn • Diversified Products manufacturer in 1990 with Digital Trident – Completing Industry Transition & ju
Slide 9: Committed to ESG & Women Empowerment
COMMITTED TO ESG & WOMEN EMPOWERMENT Earnings Presentation Q4 FY24 8
Slide 10: Environment-Friendly Entity
ENVIRONMENT-FRIENDLY ENTITY WATER ZERO LIQUID DISCHARGE • Cleaning of Narmada river every quarter in order • Around 95% Water Recovery, and 15% less to provide clean water and area to the locals water consumption than benchmark of 50 resulting removal of 100 MT waste over period of meter/cubic per t
Slide 11: Committed Towards Social Cause
COMMITTED TOWARDS SOCIAL CAUSE UPLIFTING THE DIFFERENTLY ABLED • Impacting 10,000+ youths through short/long term skill development through Takshashila Academy. • Sponsored education of 900+ students and supply of books provided to more than 10,000 children. OPPORTUNITIES FOR FARMERS • Motivated far
Slide 12: 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 13: Awards & Recognition
AWARDS & RECOGNITION Earnings Presentation Q4 FY24 12
Slide 14: Owned Brand Across the Spectrum
OWNED BRAND ACROSS THE SPECTRUM Our International Home Textile Brands Committed to holistic approach of adding value, our product portfolio comprises of an extensive range of in-house brand making us a one-stop solution for home textile. TRIDENT’S HOME TEXTILE BRANDS ARE ACROSS A RANGE OF LUXURY, PR
Slide 15: Prospering Globally With Our Clientele
PROSPERING GLOBALLY WITH OUR CLIENTELE Our products are loved across the world and our lasting partnerships have been nurtured over the decades through our international offices in US, UK, Gulf and India. Earnings Presentation Q4 FY24 14
Slide 16: Financial Snapshot Q4 FY24
FINANCIAL SNAPSHOT Q4 FY24 Total Income EBITDA Margin PBT Margin Cash Profit INR 16,996 Mn 13.6% 5% INR 1,596 Mn Capacity Utilization Revenue Segment 87% 81% 80% 83% Q4 FY 2023 Q4 FY 2024 68% 17% 22% 56% 48% 45% 55% 57% 26% 23% Yarn Towel Bed Sheet Paper Q4 FY2023 Q4 FY2024 Bed & Bath linen Yarn Pap
Slide 17: 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 18: Industry Overview
INDUSTRY OVERVIEW Earnings Presentation Q4 FY24 17
Slide 19: Global Industry Overview
GLOBAL INDUSTRY OVERVIEW 1200 1300 1200 80 1100 1000 85 1000 In 2022, the global 909 textile and apparel 872 75 839 trade was US$ 909 900 789 65 70 bn. having grown at 71 57 800 70 50 60 approx. 3% CAGR 50 51 700 since 2017. 715 600 575 It is expected to 500 494 540 482 reach US$ 1.2 trillion 455 by
Slide 20: India's Domestic Industry Overview
INDIA’S DOMESTIC INDUSTRY OVERVIEW 300 250 250 250 16 200 165 54 200 India’s domestic textile & apparel has grown 150 from US$ 50 bn in 2010- 125 11 11 to US$ 110 bn in 150 110 2022, registering a 106 34 growth of 7% CAGR. 9 100 8 8 24 100 The market is further 20 22 180 expected to grow at 50 10% C
Slide 21: Quarterly & Operational Highlights
QUARTERLY & OPERATIONAL HIGHLIGHTS Earnings Presentation Q4 FY24 20
Slide 22: Quarterly Highlights (P&L)
QUARTERLY HIGHLIGHTS (P&L) Figures in INR Million except EPS Y-o-Y Q-o-Q Particulars Q4FY24 Q4FY23 Q3 FY24 Change Change Total Income 16,996 15,710 8.2% 18,370 -7.5% EBITDA 2,284 2,563 -10.9% 2,732 -16.4% Depreciation 954 790 20.8% 893 6.8% Finance Cost 489 217 125.3% 400 22.3% Profit Before Tax 841
Slide 23: Quarterly Margins (P&L)
QUARTERLY MARGINS (P&L) 16.4% 14.9% 13.6% EBITDA MARGIN 20500 Revenue Export 64% 62% 61% 60% Q4 FY23 Q3 FY24 Q4 FY24 Exports as of Income 59% 11.3% 10.1% 7.9% EBIT MARGIN 15500 54% Q4 FY23 Q3 FY24 Q4 FY24 7.4% 15,710 18,370 16,996 5.9% PAT MARGIN 3.8% 10500 49% Q4 FY23 Q3 FY24 Q4 FY24 Revenue in INR
Slide 24: Quarterly Highlights (B/S)
QUARTERLY HIGHLIGHTS (B/S) As on As on As on NET DEBT/ EQUITY Particulars Mar-23 Dec'23 Mar-24 (in times) Net Worth 41,258 42,484 43,091 Short Term Loans 5,519 6,238 8,018 Long Term Loans 8,222 12,820 12,590 Gross Debt 13,741 19,058 20,608 Cash & Cash Equivalents 3,516 4,493 5,270 NET DEBT/ EBITDA (
Slide 25: Segment Highlights (P&L)
SEGMENT HIGHLIGHTS (P&L) Y-o-Y Y-o-Y Revenue Percentage Particulars Q4 FY24 Q4 FY23 FY24 FY23 Q4 FY 2024 Change Change Textile 17% Revenue 13,985 12,238 14.28% 55,853 49,243 13.42% EBIT 967 942 2.65% 4,664 3,231 44.35% EBIT Margin 6.9% 7.7% -80 Bps 8.4% 6.6% 180 Bps Paper & 83% Chemical Revenue 2,80
Slide 26: Summary of Financial Statements
SUMMARY OF FINANCIAL STATEMENTS Earnings Presentation Q4 FY24 25
Slide 27: Historical P&L Statement
HISTORICAL P&L STATEMENT Recent performance and growth Particulars FY20 FY21 FY22 FY23 FY24 ✓ Total Revenue for the FY24 stood at INR 67,903 Mn with sales growth of 7.9 % as compared to Total Income 47,240 45,353 69,415 62,913 67,903 FY23 owing to primarily the increase in demand. EBITDA 8,653 8,270
Slide 28: Historical Balance Sheet
HISTORICAL BALANCE SHEET As on As on As on As on As on Particulars March 31, March 31, March 31, March 31, March 31, 2020 2021 2022 2023 2024 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 37,995 Borrowings 19,518 15,355 15,706 13,741 2
Slide 29: Financial Performance
FINANCIAL PERFORMANCE REVENUE EBITDA 67% 65% 61% 70000 54% 16000 19% 22% 58% 18% 18% 15% 60000 56% 60% 14000 15% 20% 12000 50000 0% 10000 40000 40% 8000 30000 -20% 6000 52,653 47,240 45,353 69,415 62,913 67,903 10,292 15,100 20000 20% 8,270 9,418 9,949 8,653 4000 -40% 10000 2000 0 0% 0 -60% FY19 FY2
Slide 30: Ratios Summary
RATIOS SUMMARY Type Parameters FY20 FY22 FY22 FY23 FY24 Net Debt/Equity 0.54 0.34 0.34 0.25 0.36 Solvency Ratios Net Debt/EBITDA 1.87 0.86 0.86 1.09 1.54 Interest Coverage Ratio 7.81 17.62 17.62 12.17 6.44 Current ratio 1.04 1.25 1.25 1.35 1.58 Fixed asset turnover 1.3 1.89 1.89 1.44 1.46 Operationa
Slide 31: Segment Overview
SEGMENT OVERVIEW TEXTILES PAPER Largest Player in terms of Terry Towel Capacity & One of the Highest Operating Margin among largest players in Home Textile Space in India Key Listed Players in India REVENUE SPLIT BETWEEN SEGMENTS FY24 57% 26% 17% FY23 55% 24% 21% FY22 58% 28% 14% FY21 64% 20% 16% FY
Slide 32: Segmental Performance Annual
SEGMENTAL PERFORMANCE ANNUAL TEXTILES PAPER 700 00 20% 160 00 40% 18% 34% 18% 600 00 8% 140 00 35% 31% 7% 25% 16% 120 00 30% 500 00 26% 14% 100 00 24% 25% 12% 10% 400 00 10% 800 0 20% 300 00 8% 8% 600 0 15% 6% 200 00 400 0 10% 4% 38,161 37,776 59,394 49,243 55,853 13431 11451 100 00 9225 7041 9800 2
Slide 33: Thank You
THANK YOU THANK GET IN TOUCH Investor Relations, Trident Limited Tel: +91 9878997534 YOU Fax: +91 161 5039 900 Email: jaydipchowdhury@tridentindia.com Visit us @ www.tridentindia.com Earnings Presentation Q2 Q4 FY24