Slide 1: Trident Limited Q4 & FY17 Earnings Presentation
PASSION TO PERFORM Trident Limited DETERMINED TO DELIVER Q4 & FY17 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 One of the World’s Largest Integrated Home Textile Manufacturer World’s Largest Compact Yarn Spinning Unit under Single Roof World’s Largest Wheat Straw based Paper Manufacturer Q4 & FY17 Earnings Presentation - Trident Ltd. 3
Slide 4: Snapshot
Snapshot Key Market Statistics 9-May-2017 Global Presence Corporate Office : Ludhiana, Punjab BSE Ticker 521064 Manufacturing Facilities at: Sanghera & Dhaula, Punjab Budni, Madhya Pradesh NSE Ticker Trident Marketing Offices (India): Mumbai, Gurgaon Kolkata, Bengaluru Bloomberg Code TRID:IN Marketi
Slide 5: Awards & Accolades
Awards & Accolades PHD Northern Region ‘Export Excellence ‘Astitva IPMA – Chamber- PMI India – ASSOCHAM – Award’ in ‘Star Trading House-Non- Samman 2017’ Energy Outstanding Project of the Leadership MSME’ PHD Chamber Conservation Contribution Year ‘Large’ Award (CEO), ‘Gold Trophy’ 2nd Set for women
Slide 6: Key Highlights – FY17
Key Highlights – FY17 EVER HIGHEST REVENUE EBIDTA PAT INR 4839 Cr. INR 992 Cr. INR 337 Cr. Interest Coverage Net Debt reduced by LT Debt under TUFS 7.0x INR 646 Cr. > 75% Net Debt / Equity Net Worth Dividend Payout FY17 1:1 INR 2724 Cr. 27% Q4 & FY17 Earnings Presentation - Trident Ltd. 6
Slide 7: Key Highlights - P&L
Key Highlights - P&L Q4 FY17 FY17 Q4 FY17 FY17 REVENUE (INR CR) PAT (INR CR) 1330 +36% 4839 +29% 100 +64% 337 +39% Q4FY16: 978 FY16: 3744 Q4FY16: 61 FY16: 242 EBIDTA (INR CR) EPS (INR) 262 +27% 992 +30% 1.96 +63% 6.61 +39% Q4FY16: 206 FY16: 763 Q4FY16: 1.20 FY16: 4.76 Exports Mix % Q4FY17 FY17 Expor
Slide 8: Key Highlights - B/S
Key Highlights - B/S as on March 31, 2017 Net Debt declined by INR 706 Crore Repayment of Term Debt of INR 576 Crore in NET DEBT (INR CR) LT DEBT (INR CR) FY17, including High Cost Debt of INR 227 Crore 2714 -21% 2048 -19% Repayment of Term Debt of INR 132 Crore in Q4 FY16: 3421 FY16: 2529 FY17, inc
Slide 9: Ind-AS Impact
Ind-AS Impact “The format for quarterly results as prescribed in SEBI circular CIR/CFD/CMD/15/2015 dated November 30,2015 has been modified to comply with the requirements of SEBI’s circular dated July 05, 2016 and schedule III (Division II) of Companies Act, 2013 applicable to companies that are re
Slide 10: Reconciliation as per Ind AS
Reconciliation as per Ind AS Standalone Consolidated Particulars Year ended Year ended March 31,2016 March 31,2016 Total Equity under previous GAAP 1,74,165.8 1,77,889.6 Fair value of items of Property plant and equipment * 76,840.1 76,840.1 Redeemable preference shares classified as part of liabili
Slide 11: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: We are happy to showcase solid financial and operational performance for this Quarter. Our Strategic initiatives of expanding our global footprint and widening our product offerings in the home text
Slide 12: Profitability Trend
Profitability Trend Sales (INR Crores) EBITDA (INR Crores) 1400 EBITDA 20% 21% 22% 4839 EBITDA % 3753 3744 20% 19% 900 18% 695 763 992 400 16% FY15 FY16 FY17 FY15 FY16 FY17 EBIT (INR Crores) PAT (INR Crores) 600 12% 15% 11% 337 10% 500 242 10% 400 118 5% 300 374 427 579 200 0% FY15 FY16 FY17 FY15 FY
Slide 13: Profitability Trend
Profitability Trend EPS (INR) Networth (INR Crores) EPS Net Worth 12% Cash EPS 14.7 ROE 3000 15% 11.4 10% 8.6 2000 5% 10% 6.6 4.8 1000 5% 2202 2416 2724 2.3 0 0% FY15 FY16 FY17 FY15 FY16 FY17* Net Block (INR Crores) Capital Employed (INR Crores) 4693 7000 Capital Employed 20% 4344 6000 ROCE 10% 3712
Slide 14: P&L Statement (S)
P&L Statement (S) Q4 FY17 Q4 FY16 Growth% Particulars (INR crore) FY17 FY16 Growth% 1330.1 978.2 36.0% Net Revenues 4839.3 3744.1 29.3% 262.1 205.9 27.3% EBITDA 991.9 763.5 29.9% 19.7% 21.0% -130 bps EBITDA margin 20.5% 20.4% +10 bps 101.0 92.8 8.8% Depreciation 412.4 336.6 22.5% 161.1 113.1 42.4% E
Slide 15: Balance Sheet (S)
Balance Sheet (S) As on As on As on As on Particulars (INR crore) Particulars (INR crore) Mar 31, 2017 Mar 31, 2016 Mar 31, 2017 Mar 31, 2016 Source of Funds Application of Funds Equity 2724.50 2415.62 Non Current Assets 4645.53 4935.63 Property, Plant & Equipment 4307.42 4653.52 Equity Share Capita
Slide 16: Capacity Utilization
Capacity Utilization 200 Towel (In 000’ tons) 60% Bed Linen (In mn. meters) 50% 50 29% 40% 150 50% 40% 41% 40 Project 30% 100 40% 30 commissioned 20% 20 at the end of 50 30% 6% FY16 10% 10 90 90 90 5.4 43.2 0 20% 0 0% FY15 FY16 FY17 FY16 FY17 Installed Capacity Utilization Installed Capacity Utiliza
Slide 17: Dividend Policy
Dividend Policy Dividend Payout Ratio Minimum Annual Maximum Annual Dividend Dividend 29% 27% 23% 6% 33% of Face Value of Net Profit (Including Dividend Distribution Tax) Total FY15 FY16 FY17 Year Dividend Type %age Dividend% Final 3% FY17 15% Interim 6% Historical Dividends (%age of Face Value) Int
Slide 18: Geographic Revenue
Geographic Revenue Bed & Bath Yarn Paper Export (%) Revenue Q4FY17 Export % Domestic % 12% 7% 38% 62% 88% 93% Export (%) Revenue FY17 Export % Domestic % 11% 9% 32% 68% 89% 91% Q4 & FY17 Earnings Presentation - Trident Ltd. 18
Slide 19: Business Segments
Business Segments Segmental Revenue: FY17 49% 33% 18% FY16 46% 32% 22% FY15 42% 37% 22% FY14 28% 51% 22% FY13 28% 50% 22% Bed & Bath Linen Yarn Paper Home Textile | Paper Q4 & FY17 Earnings Presentation - Trident Ltd. 19
Slide 20: Home Textile
Home Textile Sales (INR Crores) EBITDA (INR Crores) +69% +27% +32% 3864 800 18% 25% 19% 18% +40% 2880 600 17% 20% 400 15% 180 142 753 1056 200 10% 523 690 0 5% Q4 Q4 FY16 FY17 Q4 Q4 FY16 FY17 FY16 FY17 FY16 FY17 EBITDA EBITDA % EBIT (INR Crores) Trident’s Market Share rising in Towel Export to US +3
Slide 21: Paper
Paper Sales (INR Crores) EBITDA (INR Crores) +5% +26% +28% 831 872 400 35% 45% +3% 300 36% 29% 35% 200 25% 218 225 29% 302 100 15% 240 64 82 0 5% Q4 Q4 FY16 FY17 Q4 Q4 FY16 FY17 FY16 FY17 FY16 FY17 EBIDTA EBIDTA % EBIT (INR Crores) +46% Enhanced Margin due to higher +39% 250 25% 60% traction in Copi
Slide 22: 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 Q4 & FY17 Earnings Presentation - Trident Ltd. 22