Slide 1: Q4 FY18 Earnings Presentation
BEST IS YET TO COME Trident Limited Q4 FY18 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 t
Slide 3: Overview
Overview Textiles Paper Largest Player in terms of Terry Towel Capacity & One of the Textile largest players in Home Textile Space in India Highest Operating Margin Paper among Key Listed Players in India HOME TEXTILE Revenue Split between segments FY18 48% 34% 19% FY17 49% 33% 18% FY16 46% 32% 22%
Slide 4: Snapshot
Snapshot Key Market Statistics 7-May-2018 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 Kolkata, B
Slide 5: Textile
Textile Sales (INR Crores) -2% EBITDA (INR Crores) EBITDA EBITDA % -21% 3795 3719 800 -29% 25.0% 24.9% 24.8% 24.7% 24.6% 24.5% 24.4% 24.3% 24.2% 24.1% 24.0% 23.9% 23.8% 23.7% 18.5% 23.6% 23.5% 23.4% 23.3% 23.2% 23.1% 23.0% 22.9% 22.8% 22.7% 22.6% 22.5% 22.4% 22.3% 22.2% 22.1% 22.0% 21.9% 21.8% 21.7%
Slide 6: Paper
Paper Sales (INR Crores) -2% EBITDA (INR Crores) EBIDTA EBIDTA % +23% 872 858 400 +12% 41.7% 50.0% -3% 33.3% 40.0% 300 37.1% 30.0% 225 200 32.3% 219 20.0% 100 10.0% 73 81 290 358 Q4 Q4 FY17 FY18 0 0.0% FY17 FY18 Q4 Q4 FY17 FY18 FY17 FY18 EBIT (INR Crores) Copier Paper Sales EBIT EBIT % (Volume Trend
Slide 7: Key Highlights - P&L
Key Highlights - P&L FY18 ▪ Home Textile Industry faced headwinds on multiple fronts during FY 18. REVENUE (INR CR) PBT (INR) ▪ Bath Linen registered 12.3% volume de- 4670 -2% 392 -11% growth while Bed Linen registered volume growth of 56.2% in FY18 compared to the FY17: 4773 FY17 : 438 same period
Slide 8: Key Highlights - B/S
Key Highlights - B/S as on March 31, 2018 ▪ Finance costs came down by 16% Y-o-Y ▪ Reduction in Long Term Debt of INR 360 Crore in NET DEBT (INR CR) LT DEBT (INR CR) FY18 2620 -94Cr 1688 -360Cr ▪ Focus on improving Cashflow generation and follow prudent Capital Allocation FY17: 2714 FY17 : 2048 NET
Slide 9: Capacity Utilization
Capacity Utilization Towel (In 000’ tons) Bed Linen (In mn. meters) 200 60% 50% 50 Project 44% 50% 150 45% 50% commissioned 41% 40 40% at the end of 29% 100 40% 30 FY16 30% 20 20% 50 30% 6% 90 90 90 10 5.4 43.2 43.2 10% 0 20% 0 0% FY16 FY17 FY18 FY16 FY17 FY18 Installed Capacity Utilization Installe
Slide 10: Key Highlights – Q4FY18
Key Highlights – Q4FY18 REVENUE EBIDTA PAT INR 1182 Cr. INR 214 Cr. INR 51 Cr. Interest Coverage Debt repayment LT Debt under TUFS 7.7 x INR 78.8 Cr. > 70% Net Debt / Equity Cash Accrual Net Debt / EBITDA 0.9 INR 149 Cr. 2.9 x Credit ▪ CARE AA- | CRISIL A+ (LT Bank Facilities) Business ‘5A1’ (Minima
Slide 11: P&L Statement (S)
P&L Statement (S) Particulars (INR crore) Q4 FY18 Q4 FY17 Shift% FY18 FY17 Shift% Net Revenues 1182.1 1326.1 -10.9% 4670.5 4772.9 -2.1% EBITDA 213.9 262.1 -18.4% 914.0 991.9 -7.9% EBITDA margin 18.1% 19.8% -170 bps 19.6% 20.8% -120 bps Depreciation 98.2 101.0 -2.8% 404.0 412.4 -2.0% EBIT 115.7 161.1
Slide 12: 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 of Funds Application of Funds Non Current Assets 4500.39 4676.93 Equity 2941.43 2756.85 Property, Plant & Equipment 4020.10 4308.06 Equity Share Capita
Slide 13: Profitability Trend
Profitability Trend Sales (INR Crores) EBITDA (INR Crores) EBITDA EBITDA % 4772.9 4670.5 1000.0 25.0% 20.8% 19.6% 800.0 20.0% 600.0 15.0% 400.0 10.0% 200.0 5.0% 991.9 914.0 0.0 0.0% FY17 FY18 FY17 FY18 EBIT (INR Crores) PAT (INR Crores) 400.0 10.0% EBIT EBIT % 350.0 9.0% 700.0 7.1% 8.0% 600.0 12.1%
Slide 14: Profitability Trend
Profitability Trend EPS (INR) Networth* (INR Crores) 3000 Net Worth ROE 30.0% 6.61 12.2% 17.0% 5.18 2000 20.0% 1000 10.0% 1981 2164 0 0.0% FY17 FY18 Mar' 17 Mar' 18 Net Block* (INR Crores) Capital Employed* (INR Crores) Capital Employed ROCE 3568 10.3% 3292 5000 15.0% 12.2% 4800 4600 10.0% 4400 4756
Slide 15: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “In FY18 Home Textile Industry faced headwinds and was the stress test for the companies. We demonstrated high resilience and believe worst is behind us now. Our recent participation in the Home Tex
Slide 16: Awards & Accolades
Awards & Accolades Accredited with Northern Region ‘Export JC Penney Excellence in Certified for the coveted ‘Egyptian Gold Seal’ Excellence Award’ in Platinum Operations in Sustainable Textile Production for Yarn, Terry Towel ‘Star Trading House-Non- Certification Quality Award (STeP), permitting t
Slide 17: 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 FY18 Earnings Presentation - Trident Ltd. 17