Slide 1: Trident Limited Q4 FY20 Earnings Presentation
Trident Limited Q4 FY20 Earnings Presentation
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 FY20 54% 26% 20% FY19 51% 30% 19% FY18 48% 33% 19% FY17 49% 33% 18% Bath & Bed
Slide 4: Snapshot
Snapshot Key Market Statistics 15-May-2020 Global Presence BSE Ticker 521064 Corporate Office : Ludhiana, Punjab NSE Ticker Trident Manufacturing Facilities at: Sanghera & Dhaula, Punjab Bloomberg Code TRID:IN Budni, Madhya Pradesh Reuters TRIE.NS Marketing Offices (India): Mumbai, Gurgaon Market Pr
Slide 5: Evolution
Evolution ▪ Inception ▪ Entered Home Textile ▪ Augmented Towel ▪ Set-up Towel Unit ▪ Set-up Towel Unit-IV & First ▪ Set-up 1st Spinning with 1st Towel with Unit –II set up – III; Bed Linen Unit TEXTILES Unit Facility Manufacturing Unit ▪ Spinning with Unit- ▪ Added Spinning ▪ Added Spinning Units -
Slide 6: Key Highlights - P&L
Key Highlights - P&L ▪ Revenue for the year stood at INR 4723.9 crores FY20 owing to lower traction in Home Textile Segment, TOTAL INCOME (INR CR) reduced realizations in Yarn and Paper and March PBT (INR CR) end impact of Covid-19 4724 -10% 421 -23% ▪ Capacity utilization for all the segment stood
Slide 7: Key Highlights - B/S
Key Highlights - B/S as on Mar 31, 2020 ▪ Repayment of Long Term Debt by INR 273 Crores in FY20. Company opted for RBI moratorium due to which Mar’20 instalments were deferred NET DEBT (INR CR) LT DEBT (INR CR) ▪ Net Debt reduced significantly in FY20 to reach 1614 -729Cr 1051 -243Cr level of INR 16
Slide 8: P&L Statement (S)
P&L Statement (S) Particulars Q4 FY20 Q3 FY20 Shift FY20 FY19 Shift Total Income 997.3 1091.4 -8.6% 4723.9 5265.3 -10.3% EBITDA 152.0 153.7 -1.1% 865.3 1023.1 -15.4% EBITDA % 15.2% 14.1% -116bps 18.3% 19.4% -111bps Depreciation 81.5 82.2 -0.8% 333.3 363.9 -8.4% EBIT 70.4 71.5 -1.4% 532.0 659.2 -19.3
Slide 9: Dividend Payout
Dividend Payout Div. Amt. Year Total Div% (INR Per Share) Type %age Dividend Payout Ratio 3rd Interim 18% 65% FY20 36% 0.36/- 2nd Interim 9% 50% 1st Interim 9% 35% 27% Final 6% 3rd Interim 12% FY19 30% 0.30/- FY17 FY18 FY19 FY20 2nd Interim 6% 1st Interim 6% Historical Dividends (%age of Face Value)
Slide 10: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “COVID-19 has changed everything about life and work in just a matter of a few weeks. In these challenging times, we are all navigating through uncertainty for ourselves, our loved ones and our comm
Slide 11: Textile - Financials
Textile - Financials Sales (INR Crores) EBIT (INR Crores) 4223 342 3778 302 FY19 FY20 FY19 FY20 Capacity Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) Yarn (In 000’ tons) 50% 49% 48% 93% 95% 98% 92% 63% 100 55% 75% 105 % 90 45% 50% 50 60% 120 95% 65% 80 45% 85% 100 44% 40 55% 70 40% 75%
Slide 12: Paper - Financials
Paper - Financials Sales (INR Crores) EBIT (INR Crores) 997 923 370 310 FY19 FY20 FY19 FY20 Capacity Utilization (Tonnage Basis) Copier v/s Non-Copier 89% 89% 89% 86% 95% 180 85% 160 75% 140 65% 120 55% 100 45% Copier 80 35% 45% FY20 60 55% 25% 175 175 175 175 Non-Copier 40 15% 20 0 5% FY17 FY18 FY1
Slide 13: Financial Performance
Financial Performance Revenue (INR Cr) EBIDTA (INR Cr) EBIDTA EBIDTA % 19.4% 110 0 18.3% 19. 0% 5265 100 0 4724 17. 0% 900 15. 0% 800 13. 0% 1023 700 11. 0% 865 600 9.0 % 500 7.0 % 400 5.0 % FY19 FY20 FY19 FY20 PAT (INR Cr) Interest Coverage Ratio PAT PAT Margin 7.0% 7.2% 8.0 % 9.11 375 325 7.0 % 7.
Slide 14: Financial Performance
Financial Performance Net Debt D/E Ratio Net Worth ROE Net Debt (INR Cr.) Net Worth (INR Cr) 300 0 1.0 1.0 1.2 18.6% 250 0 0.8 1.0 250 0 16.6% 15.0% 20. 0% 13.3% 18. 0% 200 0 16. 0% 0.5 200 0 0.8 14. 0% 150 0 12. 0% 150 0 0.6 10. 0% 100 0 8.0 % 100 0 0.4 2714 2621 2344 1614 1816 2003 2241 2276 6.0 %
Slide 15: Key Ratios
Key Ratios Particulars (INR crore) FY20 FY19 FY18 Return on Capital Employed* 12.5% 14.1% 10.6% Return on Equity* 15.0% 16.6% 13.3% Interest Coverage 7.8 9.1 7.7 Net Debt to Equity 0.5 0.8 1.0 Net Debt / EBITDA 1.9 2.3 2.9 *Excludes fair valuation of land as per IND – AS and exceptional items Credit
Slide 16: Balance Sheet (S)
Balance Sheet (S) As on As on As on As on Particulars (INR crore) Particulars (INR crore) Mar 31, 2020 Mar 31, 2019 Mar 31, 2020 Mar 31, 2019 Source of Funds Application of Funds Equity 2966.9 2931.3 Non Current Assets 3975.0 4080.0 Property, Plant & Equipment 3573.4 3672.5 Equity Share Capital 509.
Slide 17: Thank You
For more information about us, please visit www.tridentindia.com Abhinav Gupta/ Ankit Mahajan Investor Relations, Trident Limited Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: abhinavgupta@tridentindia.com; ankitmahajan@tridentindia.com Thank You Q4 FY20 Earnings Presentation - Trident Ltd. 17