Slide 1: Exchange filing cover letter: Earnings Presentation
TRIDENT/CS/2024 February 14, 2024 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: TRIDENT BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Scrip Code: 521064 Sub: Earnings’ Presentation
Slide 2: Earnings Presentation Q3FY24 / 9MFY24
Trident Limited Yarn |Towel |Bedsheets |Paper EARNINGS PRESENTATION Q3FY24/ 9MFY24
Slide 3: 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 4: Index
Index 01 COMPANY OVERVIEW INDUSTRY OVERVIEW 02 03 QUARTERLY & OPERATIONAL OVERVIEW SUMMARY OF FINANCIAL STATEMENTS 04 05 COMMITTED TO ESG & WOMEN EMPOWERMENT Earnings Presentation Q3 FY24 3
Slide 5: Company Overview
COMPANY OVERVIEW Earnings Presentation Q3 FY24 4
Slide 6: 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 15500+ Workforce 90+ Countries C World-class Infrastructure & Technology D Globally Best-in-
Slide 7: Trident's Transformation Journey
Trident’s Transformation Journey Going Forward YOUR TITLE 01 Make Trident a National Brand • E-commerce Website • Retail Outlets • Social Media Presence Started as a • Diversified products Commodity Player Digital Trident Industry 4.0 Journey – Completing Inception: Started as a yarn manufactu
Slide 8: Awards & Recognition
Awards & Recognition Earnings Presentation Q3 FY24 7
Slide 9: Owned Brand Across the Spectrum
Owned Brand Across the spectrum International home textile brands Committed to holistic approach of adding value, our product portfolio comprises of an extensive range of in-house brand making us a one-stop solution for home textile. Trident’s home textile brands are across a range of luxury, premiu
Slide 10: Prospering Globally with Our Clientele
Prospering globally with our clientele Our products are loved across the world and our lasting partnerships have been nurtured over the decades through our international offices in US, UK, Gulf and India. Earnings Presentation Q3 FY24 9
Slide 11: Snapshot Q3 FY24
Snapshot Q3 FY24 Total Income EBITDA Margin PBT Margin Cash Profit INR 18,370 Mn 14.9% 7.8 % INR 1,967 Mn Capacity Utilization Q3 2023 Q3 2024 Revenue Segment 92% 82% Q3 FY23 81% Q3 FY24 65% 21% 17% 64% 62% 61% 57% 17% 58% 62% 25% Yarn Towel Bedsheets Paper Bed & Bath Linen Yarn Paper Bed & Bath Lin
Slide 12: Shareholding and Dividend Payout
Shareholding and Dividend Payout Key Market Statistics (31st Dec 2023) (INR) Shareholding Pattern (31st Dec 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 36.28 Market Cap (in million) 184,883 73.19% Pub
Slide 13: 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 14: Industry Overview
INDUSTRY OVERVIEW Earnings Presentation Q3 FY24 13
Slide 15: Global Industry Overview
Global Industry Overview 1200 1300 1200 80 In 2022, the global 1100 1000 85 1000 textile and apparel 909 trade was US$ 909 872 75 839 bn. having grown at 900 789 65 70 approx. 3% CAGR 71 57 800 70 50 60 since 2017. 50 51 700 715 It is expected to 575 600 reach US$ 1.2 500 482 494 540 455 trillion by
Slide 16: 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% CAGR. 9 100 8 8 24 100 The market is further 20 22 180 expected to grow at 10% 50 C
Slide 17: 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-Nov 2020 2021 ROW 2022 Pakistan 2023 China Year 2018 2019 2020 2021 2022 India Year India China Pakistan ROW ROW 13% 12% 14% 11% 12% Pakistan 17% 19% 20% 20% 24% 2020 51% 15% 20% 14% China 21%
Slide 18: Quarterly & Operational Highlights
QUARTERLY & OPERATIONAL HIGHLIGHTS Earnings Presentation Q3 FY24 17
Slide 19: Quarterly Highlights (P&L)
Quarterly Highlights (P&L) Figures in INR Million except EPS Y-o-Y Q-o-Q Particulars Q3 FY24 Q3 FY23 Q2 FY24 Change Change Total Income 18,370 16,247 13.07% 17,755 3.46% EBITDA 2,732 2,790 -2.08% 2,540 7.56% Depreciation 893 777 14.93% 881 1.36% Finance Cost 400 180 122.22% 342 16.96% Profit before
Slide 20: Quarterly Margins and Exports as % of Revenue
Quarterly Margins (P&L) 17.2% 14.9% EBITDA MARGIN 14.3% Revnue Export 19500 19400 63% 63% 19300 19200 19100 19000 18900 18800 63% 18700 18600 18500 18400 18300 18200 62% 18100 18000 17900 17800 17700 17600 62% 17500 17400 17300 17200 17100 17000 16900 60% 61% 16800 16700 16600 16500 16400 16300 60%
Slide 21: Quarterly Highlights (B/S)
Quarterly Highlights (B/S) As on As on As on NET DEBT/ EQUITY Particulars Dec-23 Dec-22 Mar-23 (in times) 0.34 Net Worth 42,484 39,280 41,258 0.25 0.22 Short Term Loans 6,238 6,370 5,519 Long Term Loans 12,820 6,097 8,222 As on Dec-22 As on Mar-23 As on Dec-23 Gross Debt 19,057 12,567 13,741 Cash &
Slide 22: Segment Highlights (P&L)
Segment Highlights (P&L) Y-o-Y Y-o-Y Particulars Q3 FY24 Q3 FY23 9MFY24 9MFY23 Revenue Percentage Change Change Textile 17% Revenue 15,143 12,792 18.38% 41,860 37,000 13.14% EBIT 1,098 1238 -11.34% 3,390 2,289 48.08% EBIT Margin 7.2% 9.7% -243 Bps 8.1% 6.2% 191 Bps 83% Paper Revenue 3,089 3,392 -8.9
Slide 23: Summary of Financial Statements
SUMMARY OF FINANCIAL STATEMENTS Earnings Presentation Q3 FY24 22
Slide 24: Historical P&L Statement
Historical P&L Statement Particulars FY20 FY21 FY22 FY23 9MFY24 Recent performance and growth ✓ Total Revenue for the 9MFY24 stood at INR Total Income 47,240 45,353 69,415 62,913 50,907 50,907 Mn with sales growth of 7.8 % as compared to 9MFY23 owing to primarily the EBITDA 8,653 8,270 15,100 9,418
Slide 25: Historical Balance Sheet
Historical Balance Sheet As on As on As on As on As on Particulars March 31, March 31, March 31, March 31, December 31, 2020 2021 2022 2023 2023 CAPITAL AND LIABILITIES Capital 5,096 5,096 5,096 5,096 5,096 Reserves and surplus 24,573 28,070 32,876 36,162 37,383 Borrowings 19,518 15,355 15,706 13,74
Slide 26: Financial Performance
Financial Performance REVENUE EBITDA 80,0 00 80. 0% 67.0% 21.7% 16,0 00 25. 0% 65.0% 63.0% 19.4% 70,0 00 70. 0% 58.0% 14,0 00 60,0 00 56.0% 54.0% 53.0% 60. 0% 18.3% 18.2% 20. 0% 15.8% 12,0 00 50,0 00 50. 0% 15.0% 14.5% 10,0 00 15. 0% 40,0 00 40. 0% 8,00 0 30,0 00 30. 0% 10. 0% 6,00 0 52,653 47,240 4
Slide 27: Ratios Summary
Ratios Summary Type Parameters FY20 FY22 FY22 FY23 9MFY24 Net Debt/Equity 0.54 0.34 0.34 0.25 0.34 Solvency Ratios Net Debt/EBITDA 1.87 0.86 0.86 1.09 1.33 Interest Coverage Ratio 7.81 17.62 17.62 12.17 8.60 Current ratio 1.04 1.25 1.25 1.35 1.56 Fixed asset turnover 1.30 1.89 1.89 1.44 1.45 Operati
Slide 28: 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 FY20 54% 26% 20% FY21 64% 20% 16% FY22 58% 28% 14% FY23 55% 24% 21% 9M
Slide 29: Textiles Segmental Performance
Segmental Performance Annual Revenue Mix Capacity -Towels (in 000’tons) Capacity-Bed Linen (In Mn meters) 70,0 00 18.4% 20. 0% 50 88% 100 % 61% 62% Textiles 80% 100 .00 70% 45 90% 18. 0% 53% 60,0 00 90.0 0 67% 60% 40 80% 48% 48% 48% 16. 0% 62% 61% 80.0 0 50,0 00 8.1% 60% Textiles 35 70% 14. 0% 50% 7
Slide 30: Committed to the ESG & Women Empowerment
COMMITTED TO THE ESG & WOMEN EMPOWERMENT Earnings Presentation Q3 FY24 29
Slide 31: Environment Friendly Entity
Environment Friendly Entity Zero liquid discharge Water • Around 95% Water Recovery, and 15% less • Cleaning of Narmada river every quarter in order water consumption than benchmark of 50 to provide clean water and area to the locals meter/cubic per ton in Paper business. resulting removal of 100 MT
Slide 32: Committed towards Social Cause
Committed towards Social Cause Uplifting the differently abled • Impacting 10,000+ youths through short/long term skill development through Takshashila Academy. • Sponsored education of 900+ students and supply of books provided to more than 10,000 children. Opportunities for Farmers • Motivated far
Slide 33: 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 34: Thank You
THANK YOU THANK GET IN TOUCH Investor Relations, Trident Limited Tel: +91 161 5039 999 Fax: +91 161 5039 900 YOU Email: corp.relations@tridentindia.com Visit us @ www.tridentindia.com Earnings Presentation Q2 FY24 33