Slide 1: Trident Limited Corporate Presentation - June 2018
T id t Li Trident Limited it d Corporate C t PPresentation t ti ‐ June J 2018
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: Overview
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 FY18 48% 33% 19% FY17 49% 33% 18% FY16 46% 32% 22% FY15 Y1 42% 37% 22% Bath &
Slide 4: Snapshot
Snapshot p Key Market Statistics 31 May 2018 31‐May‐2018 Global Presence BSE Ticker 521064 Corporate Office : Ludhiana Punjab Ludhiana, NSE Ticker Trident Manufacturing Facilities at: Sanghera & Dhaula, Punjab Bloomberg l b C Code d TRID:IN I IN Budni Madhya Pradesh Budni, Reuters eute s TRIE.NSS Ma
Slide 5: Evolution
Evolution Inception Entered Home Textile Augmented Towel Set‐up Towel Unit Set‐up Towel Unit‐IV & First Set‐up 1st Spinning ith 1st Towel with T l with ith Unit –II II set up p – III; III B d Li Bed Linen UUnit it XTILES Unit Facility Manufacturing Unit Spinning with Unit‐ Added Spin
Slide 6: CSR Initiatives
CSR Initiatives Free medical consultation, consultation tests & Best Performer in Energy Health medicines; Free eye surgeries; Mobile Saving by Bureau of Energy dispensary for free primary health care Efficiency, Govt.of India PHD Chamber Award for Saakshar ‐ Adult education; IL&FS Outstanding Contr
Slide 7: Global Home Textile Industry
Global Home Textile Industryy H Home TTextile il represents nearlyl 1/3 1/3rd d off the h global l b l textiles il & apparell iindustry. d IIt iis expected d to touch $ 131 billion dollars by 2020 at a growth of more than 3.5%. 3 5% 60.8 • Bed Linen & Bed Spread is the largest application 47 1 47.1
Slide 8: Home Textile Industry – Global Demand
Home Textile Industryy – Global Demand U it d St United States t E Europe US Home textiles industry is amongst the largest home textiles Europe is the 2nd largest home textiles market after Asia industry in the world. world It accounted for nearly 21.1 21 1 % of the Pacific representing 26.8% 26 8%
Slide 9: Indian Home Textile Industry
Indian Home Textile Industryy Home Textile – Demand in India Home Textile – Indian Export p to US India represents 3rd largest market share in Asia Pacific Market share for US imports of cotton sheets (Yearly) home textiles market in the region. 2005 ‐ 13 2014 2015 2016 2017 YTD2018* Home textil
Slide 10: Advantage India
Advantage g India C Competitive i i Cost C off Production P d i T il A D Textiles: Dominant i IIndustry d Competitive p Labour,, Power and Raw Material Cost;; Employs p y 45 million p people p across the value chain;; Access to advanced technology under Textile Strong Government support to industry
Slide 11: Why Trident
Whyy Trident Infrastructure Clientele De‐risking Design Marketing Largest Capacity & Client Relationship Risk Strong Product Market World Class Management Design Intelligence T h l Technology Integrated business Longstanding Sufficient ffi i portion i off Focus on increasing Design studios
Slide 12: Integrated Home Textile Manufacturer
Integrated g Home Textile Manufacturer Yarn from Yarn Home Textile Bath Linen Manufacturing Processes Bed Linen Manufacturing Processes 100% Cotton Yarn, Compact Yarn, Air‐ Rich, Zero Twist, Blended Yarn, Fancy TFO‐Two for One Warping Sizing Warping Weaving Y Yarn, M l Melange, S i l & others Spec
Slide 13: Strategy
Strategy gy • Leverage existing customer • Continue to focus on innovation • Further strengthen our brand and relationship l h to ffurther h expandd our and d developing d l value l added dd d market k share h in the h growing retaill Bed Linen business products. textile business in India. • Improve
Slide 14: Focus on Innovation and Value Added Products
Focus on Innovation and Value Added Products • Superior Cotton • Durable Compact Yarn Yarn • Quick Q i k Dry D • Feather Soft Sheet • Super Soft • Enhanced Lustre & • Moisture Management Vibrant Shades • Everlasting Touch • Breathable • Bio Softness • Super Soft • Superior Softness • All Season Shee
Slide 15: Capacity Utilization
Capacity p y Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) 200 60% 50 Project 44% 50% 180 50% 55% 160 45% 50% 40 commissioned 40% 41% at the end of 140 40% 45% 29% 30 30% 120 100 40% FY16 80 35% 20 20% 60 6% 30% 10 10% 5.4 43.2 43.2 40 90 90 90 90 25% 0 0% 20 0 20% FY16 FY17 FY18 FY15 F
Slide 16: Textile - Financials
Textile ‐ Financials Sales (INR Crores) EBIT (INR Crores) 3795 3719 415 2964 2881 282 300 263 FY 15 FY 16 FY 17 FY18 FY 15 FY 16 FY 17 FY18 Capital Employed (INR Crores) ROCE % (Annualised) 11% 8% 9% 4354 3720 4076 6% 3519 FY 15 FY 16 FY 17 FY18 FY 15 FY 16 FY 17 FY18 Manufacturing M f t i Capacity
Slide 17: Paper Business
Paper p Business Recently Launched Bond Paper 72 GSM 100 GSM 75 GSM Eco‐friendly E f i dl 86% Brightness 92% Brightness 88% Brightness product in ultra‐ p white shade 75 GSM 80 GSM 70 GSM 100 GSM 90% Brightness 90% Brightness 87% Brightness 94% Brightness Eco Wheat Straw High Hi h Jam Free Frien
Slide 18: Paper - Financials
Paper p ‐ Financials Sales (INR Crores) 872 EBIT (INR Crores) 273 858 199 831 149 160 819 FY 15 FY 16 FY 17 FY18 FY 15 FY 16 FY 17 FY18 Capital Employed (INR Crores) ROCE % (Annualised) 65% 580 537 557 39% 37% 381 28% FY 15 FY 16 FY 17 FY18 FY 15 FY 16 FY 17 FY18 M Manufacturing f t i Capacity C it
Slide 19: P&L Statement (S)
P&L Statement (S) ( ) Particulars (INR crore) Q4 FY18 Q4 FY17 Shift% FY18 FY17 Shift% Net Revenues 1182 1 1182.1 1326 1 1326.1 ‐10.9% 10 9% 4670 5 4670.5 4772 9 4772.9 ‐2.1% 2 1% EBITDA 213 9 213.9 262 1 262.1 ‐18.4% 18 4% 914 0 914.0 991 9 991.9 ‐7.9% 7 9% EBITDA margin i 18 1% 18.1% 19 8% 19.8% ‐1
Slide 20: Balance Sheet (S)
Balance Sheet (S) ( ) As on As on As on As on Particulars (INR crore) Particulars (INR crore) Mar 31, 2018 Mar 31, 2017 Mar 31, 2018 Mar 31, 2017 Source off Funds d Application of Funds Non Current Assets 4500.39 4676.93 Equity 2941.43 2756.85 Property, Plant & Equipment 4020.10 4308.06 Equity Share
Slide 21: Key Ratios
Keyy Ratios Particulars (INR crore) FY18 FY17 FY16 Return on Capital Employed* 10.3% 12.2% 8.1% Return on Equity* 12 2% 12.2% 17 0% 17.0% 13 9% 13.9% Interest Coverage g 7.7 7.0 5.7 Net Debt to Equity 0.9 1.0 1.4 Net Debt / EBITDA 29 2.9 27 2.7 41 4.1 *Excludes fair valuation of land as per IND – AS
Slide 22: Financial Performance
Financial Performance EBITDA EBITDA Margin% Revenue ((INR Cr)) EBIDTA ((INR Cr)) 20.8% 1200 20 4% 20.4% 21.0% 19.6% 20.5% 18.4% 1000 20.0% 800 19.5% 600 19.0% 3779 3744 4773 4670 18.5% 695 5 763 3 992 2 914 4 400 18.0% 200 17.5% 0 17.0% FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18 PAT (INR Cr) PAT PAT Ma
Slide 23: Financial Performance
Financial Performance Net Debt D/E Ratio Net Worth ROE Net Debt ((INR Cr.)) Net Worth ((INR Cr)) 4000 1.4 1.6 17.0% 3500 12 1.2 1.4 13.9% 1.0 12.2% 2500 18.0% 3000 0.9 1.2 2000 8.1% 16.0% 14.0% 2500 1.0 12.0% 1500 2000 0.8 10.0% 1500 0.6 8.0% 36 21 14 20 55 42 81 64 1000 263 342 271 262 145 174 198
Slide 24: Management Comment
Management g Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “In In FY18 Home Textile Industry faced headwinds and was the stress test for th companies. the i W demonstrated We d t t d high hi h resilience ili and d believe b li worstt is i behind us now. O
Slide 25: Way Forward
Wayy Forward We W willill keep k focusing f i on increasing i i capacity it utilization tili ti with ith better b tt Product P d t Mix, thereby benefit from operating leverage Keep increasing Yarn’s ’ captive utilization, l which h h willll reduce d price volatility l l riskk and d p improve margi
Slide 26: Awards & Accolades
Awards & Accolades Accredited with Northern Region ‘Export JC Penneyy Excellence in Certified for the coveted ‘Egyptian ‘E ti G Gold ld SSeal’ l’ E ll Excellence Award’ A d’ in Platinum Operations in Sustainable Textile Production for Yarn, Terry Towel ‘Star Trading House‐Non‐ Certification Quality
Slide 27: Thank You
For more information about us us, please visit www.tridentindia.com Pawan Jain i / Vipul i l Garg Investor Relations, Trident Ltd. Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: pawanjain@tridentindia.com, vipulgarg@tridentindia.com Thank You Corporate Presentation ‐ Trident Ltd. – June 2018 27