Slide 1: Earnings Presentation Q1FY24
Trident Limited Yarn | Towel |Bedsheets I Paper EARNINGS PRESENTATION Q1FY24
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: 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 Q1 FY24 3
Slide 4: Company Overview
COMPANY OVERVIEW Earnings Presentation Q1 FY24 4
Slide 5: 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 6: 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 7: Awards & Recognition
Awards & Recognition Earnings Presentation Q1 FY24 7
Slide 8: 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 Marquee Customers Marquee Customers Bed Bed Bath Bath Trident’s home textile brands are across a range of luxury, premium, essent
Slide 9: Snapshot Q1 FY24
Snapshot Q1 FY24 Total Income EBITDA Margin PBT Margin Free Cashflow INR 14,782 Mn 16.19% 8.15 % INR 1,757 Mn Revenue Segment Q1 FY23 Q1 FY24 Trident Limited has been granted 19% 18% patent for “Process of manufacturing a fabric with homogeneous pores” 48% by European Patent Office. 22% 60% 32% Bed
Slide 10: Shareholding and Dividend Payout
Shareholding and Dividend Payout Key Market Statistics (30th June 2023) (INR) Shareholding Pattern (30th June 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 33.20 Market Cap (in million) 169,187 73.19% P
Slide 11: 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 12: Industry Overview
INDUSTRY OVERVIEW Earnings Presentation Q1 FY24 12
Slide 13: 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 14: 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 15: 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-May 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2018 2019 2020 2021 2022 India China Pakistan ROW ROW 13% 12% 14% 11% 12% 2020 52% 16% 21% 11% Pakistan 17% 19% 20% 20% 24% 2021 62% 11% 18% 9%
Slide 16: Quarterly & Operational Highlights
QUARTERLY & OPERATIONAL HIGHLIGHTS Earnings Presentation Q1 FY24 16
Slide 17: Quarterly Highlights (P&L)
Quarterly Highlights (P&L) Y-o-Y Q-o-Q Particulars Q1FY24 Q1FY23 Q4 FY23 Change Change Total Income 14,782 16,717 (11.6%) 15,710 (5.9%) EBITDA 2,393 2,588 (7.5%) 2,563 (6.6%) Depreciation 874 760 15.0% 790 10.6% Finance Cost 314 180 74.4% 217 44.7% Profit before Tax 1,205 1,648 (26.9%) 1,556 (22.5%)
Slide 18: Quarterly Margins and Exports as % of Revenue
Quarterly Margins (P&L) 16.3% 16.2% EBITDA MARGIN Revenue Exports 15.5% 18,000 100% 99% 98% 97% 96% 95% 94% 93% 92% 91% 90% 89% 88% 87% Q1 FY23 Q4 FY23 Q1 FY24 86% 85% 84% 83% Exports as of Revenue 82% 81% 80% 79% 78% 77% 16,000 76% 75% 74% 73% 66% 72% 71% 11.3% 70% 69% 68% 67% 66% 65% 10.9% 64% 63%
Slide 19: Quarterly Highlights (B/S)
Quarterly Highlights (B/S) NET DEBT/ EQUITY As on As on As on Particulars (in times) Jun 2023 Jun 2022 Mar 2023 0.28 Net Worth 40,393 39,039 41,258 0.25 0.24 Short Term Loans 5,029 7,575 5,519 Q1 FY23 Q4 FY23 Q1 FY24 Long Term Loans 9,842 4,189 8,222 Gross Debt 14,871 11,764 13,741 NET DEBT/ EBITDA
Slide 20: Quarterly Segment Highlights (P&L)
Quarterly Segment Highlights (P&L) Y-o-Y Q-o-Q Particulars Q1 FY24 Q1 FY23 Q4 FY23 Revenue Change Change Textile 18% Revenue 12,071 13,436 (10.2%) 12,238 (1.4%) EBIT 1,000 1,248 (19.8%) 942 (6.2%) EBIT Margin 8.28% 9.29% (100 Bps) 7.70% 59 Bps Paper & Chemicals 82% Revenue 2,599 3,234 (19.7%) 3,390
Slide 21: Summary of Financial Statements
SUMMARY OF FINANCIAL STATEMENTS Earnings Presentation Q1 FY24 21
Slide 22: Historical P&L Statement
Historical P&L Statement Recent performance and growth Particulars FY19 FY20 FY21 FY22 FY23 ✓ Total Revenue for the FY23 stood at INR 62,913 Mn with sales decline of 9.4% as Total Income 52,653 47,240 45,353 69,415 62,913 compared to FY22 owing to primarily the decrease in demand & inflationary issu
Slide 23: Historical Balance Sheet
Historical Balance Sheet As on As on As on As on As on Particulars March 31, 2019 March 31, 2020 March 31, 2021 March 31, 2022 March 31, 2023 CAPITAL AND LIABILITIES Capital 5,096 5,096 5,096 5,096 5,096 Reserves and surplus 24,216 24,573 28,070 32,876 36,162 Borrowings 24,358 19,518 15,355 15,706 1
Slide 24: Financial Performance
Financial Performance REVENUE EBITDA 21.7% 58% 67% 150 00 35. 0% 56% 65% 145 00 54% 140 00 700 00 80. 0% 695 00 135 00 690 00 685 00 680 00 54% 675 00 30. 0% 670 00 130 00 665 00 660 00 655 00 650 00 645 00 125 00 640 00 635 00 630 00 625 00 70. 0% 620 00 120 00 615 00 610 00 19.4% 605 00 600 00 18.
Slide 25: Ratios Summary
Ratios Summary Type Parameters FY20 FY21 FY22 FY23 Net Debt/Equity 0.54 0.42 0.34 0.25 Solvency Ratios Net Debt/EBITDA 1.87 1.72 0.86 1.09 Interest Coverage Ratio 7.81 11.49 17.62 12.17 Current ratio 1.04 0.99 1.25 1.35 Fixed asset turnover 1.30 1.21 1.89 1.44 Operational Ratios Inventory days 70.8
Slide 26: 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 FY23 55% 24% 21% FY22 58% 28% 14% FY21 64% 20% 16% FY20 54% 26% 20% FY
Slide 27: Segmental Performance Annual
Segmental Performance Annual Revenue Mix Capacity -Towels (in 000’tons) Capacity-Bed Linen (In Mn meters) 45% 53% 61% 100 70% 49% 48% 88% 100 100 % Textiles 95 48% 60% 90 80% 90% 18.4% 67% 80 80% 63% 700 00 22. 0% 90 60% Textiles 50% 44% 70 70% 6.6% 600 00 85 17. 0% 60 60% 40% 8.0% 500 00 8.0% 10.0%
Slide 28: Committed to the ESG & Women Empowerment
COMMITTED TO THE ESG & WOMEN EMPOWERMENT Earnings Presentation Q1 FY24 28
Slide 29: 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 30: 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 31: 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 32: Way Forward
WAY FORWARD Earnings Presentation Q1 FY24 32
Slide 33: Future Prospects - CAPEX
Future Prospects - CAPEX Particulars Yarn Bedlinen Co-Gen Bathlinen Chemicals Existing Capacity Spindles- 5.89 Lacs; Rotors- 7464 1.2 Lacs 49.4 MW 622 Looms 1.1 Lacs TPA and Air Jet – 320 Mtrs/day Existing Capacity Utilization (FY23) 64% 67% 71% 48% 91% Proposed Capacity Addition Spindles- 1.93 Lacs
Slide 34: 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 Q1 FY24 34