Slide 1: Trident Limited Corporate Presentation – May 2017
PASSION TO PERFORM Trident Limited DETERMINED TO DELIVER Corporate Presentation – May 2017
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 the
Slide 3: Overview
Overview Trident Ltd. Home Textiles | Paper est. in 1990 One of the World’s Largest Integrated Home Textile Manufacturer World’s Largest Compact Yarn Spinning Unit under Single Roof World’s Largest Wheat Straw based Paper Manufacturer Corporate Presentation - May 2017 - Trident Ltd. 3
Slide 4: Snapshot
Snapshot Key Market Statistics 31-May-2017 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,
Slide 5: Milestones
Milestones • Inception • Entered Home- • Augmented Towel • Set-up Towel • Set-up Towel Unit-IV Textile; & Spinning; Unit – III; added • Set-up Bed Linen Unit • Set-up 1st Acquired 1st Towel Set-up Towel Unit Spinning Units– • Set-up Spinning Units 4839 Spinning Unit Manufacturing –II & Spinning IV,
Slide 6: Corporate Governance
Corporate Governance Ratings Diversified Board of Directors CRISIL 75% 50% 1 Independent A+: Long Term Borrowings Non-Executive Independent Woman Independent Chairperson A1: Short Term Borrowings Directors Directors Director CARE A+: Long Term Borrowings Awards & Recognitions A1: Short Term Borrowin
Slide 7: Infrastructure
Infrastructure Bath Linen Bed Linen Yarn Paper Budni, MP Budni, MP Budni, MP Barnala, Punjab 1 Unit 1 Unit 5 Units 2 Units 300 Looms 500 Looms 3.7 Lac Spindles 175000 MT/pa 48000 MT/pa 43.2 Mn Mtrs/pa 2880 Rotors Barnala, Punjab Barnala, Punjab 3 Units 5 Units 388 Looms 1.8 Lac Spindles 42000 MT/pa
Slide 8: Integration
Integration 100% Cotton Yarn, Compact Yarn, Air- Rich, Zero Twist, Blended Yarn, Fancy Yarn, Melange, Specialty & others Yarn Bed Linen Bath Linen Solid & Printed Sheets, Top-Up Luxury, Organic, Spa & Beds, Duvets, Comforters, Fitted Vertical Hotel, Beach, Designer, Jacquard, Sheets, Pillow Cases, Q
Slide 9: Fully Integrated Processes
Fully Integrated Processes Yarn Home Textile Bath Linen Manufacturing Processes Bed Linen Manufacturing Processes Automatic Bale Carding Plucker TFO-Two for One Warping Sizing Warping Weaving Combing Draw Frame Processing Greige Fabric Inspection Weaving Fabric Inspection Processing Speed Frame Ring
Slide 10: Strength & Strategy
Strength & Strategy Value Addition Branding Global Markets Best Technology Focus on value added Aggressive Branding Trusted Partner to the Top Latest technology and products to further Strategy to percolate Global Retailers & Fashion automation from global improve contribution in Home Textile and Co
Slide 11: Advantage India
Advantage India Competitive Cost of Production Textiles: A Dominant Industry Competitive Labour, Power and Raw Material Cost; Employs 45 million people across the value chain; Access to advanced technology under Textile Strong Government support to industry Upgradation Fund Favourable Government Cot
Slide 12: CSR
CSR Health Education & Welfare 38k people got free medical consultation, Saakshar - Adult education; IL&FS partnership; tests & medicines; More than 350 free eye 60k Students received 2 lacs notebooks across surgeries; Mobile dispensary to provide free 200 schools; 40k flour sacks & pre owned primar
Slide 13: Sustainability – Effluent Treatment
Sustainability – Effluent Treatment Water Recovery / Recycling Biological Treatment of Waste Water • 98% Water Recovery/Recycling • Recovery of ~3000 mn litres water annually Reducing Water Consumption • Recycling Pump Sealing Water • Recycling excess water and fiber recovery Physio-chemical treatme
Slide 14: Awards & Accolades
Awards & Accolades Accredited with Northern Region ‘Export PHD ‘Egyptian Gold Seal’ ‘Astitva PMI India Excellence Award’ in IPMA – Chamber- ASSOCHAM Samman 2017’ Project of for Yarn, Terry Towel ‘Star Trading House-Non- Energy Outstanding Leadership PHD Chamber the Year & Bed Linen Products MSME’ Co
Slide 15: Key Highlights – FY17
Key Highlights – FY17 EVER HIGHEST REVENUE EBIDTA PAT INR 4839 Cr. INR 992 Cr. INR 337 Cr. Interest Coverage Net Debt reduced by LT Debt under TUFS 7.0x INR 646 Cr. > 75% Net Debt / Equity Net Worth Dividend Payout FY17 1:1 INR 2724 Cr. 27% Corporate Presentation - May 2017 - Trident Ltd. 15
Slide 16: Key Highlights - P&L
Key Highlights - P&L Q4 FY17 FY17 Q4 FY17 FY17 REVENUE (INR CR) PAT (INR CR) 1330 +36% 4839 +29% 100 +64% 337 +39% Q4FY16: 978 FY16: 3744 Q4FY16: 61 FY16: 242 EBIDTA (INR CR) EPS (INR) 262 +27% 992 +30% 1.96 +63% 6.61 +39% Q4FY16: 206 FY16: 763 Q4FY16: 1.20 FY16: 4.76 Exports Mix % Q4FY17 FY17 Expor
Slide 17: Key Highlights - B/S
Key Highlights - B/S as on March 31, 2017 Net Debt declined by INR 706 Crore Repayment of Term Debt of INR 576 Crore in NET DEBT (INR CR) LT DEBT (INR CR) FY17, including High Cost Debt of INR 227 Crore 2714 -21% 2048 -19% Repayment of Term Debt of INR 132 Crore in Q4 FY16: 3421 FY16: 2529 FY17, inc
Slide 18: Ind-AS Impact
Ind-AS Impact “The format for quarterly results as prescribed in SEBI circular CIR/CFD/CMD/15/2015 dated November 30,2015 has been modified to comply with the requirements of SEBI’s circular dated July 05, 2016 and schedule III (Division II) of Companies Act, 2013 applicable to companies that are re
Slide 19: Reconciliation as per Ind AS
Reconciliation as per Ind AS Standalone Consolidated Particulars Year ended Year ended March 31,2016 March 31,2016 Total Equity under previous GAAP 1,74,165.8 1,77,889.6 Fair value of items of Property plant and equipment * 76,840.1 76,840.1 Redeemable preference shares classified as part of liabili
Slide 20: Management Comment
Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “We are happy to showcase solid financial and operational performance for this Quarter. Our Strategic initiatives of expanding our global footprint and widening our product offerings in the home tex
Slide 21: Profitability Trend
Profitability Trend Sales (INR Crores) EBITDA (INR Crores) 1400 EBITDA 21% 22% 4839 EBITDA % 20% 3816 3744 20% 900 18% 18% 695 763 992 400 16% FY15 FY16 FY17 FY15 FY16 FY17 EBIT (INR Crores) PAT (INR Crores) EBIT 12% 600 15% 337 EBIT % 11% 500 10% 242 10% 400 118 5% 300 374 427 579 200 0% FY15 FY16
Slide 22: Profitability Trend
Profitability Trend EPS (INR) Networth (INR Crores) EPS Net Worth 12% Cash EPS 14.7 ROE 3000 15% 11.4 10% 8.6 2000 5% 10% 6.6 4.8 1000 5% 2202 2416 2724 2.3 0 0% FY15 FY16 FY17 FY15 FY16 FY17* Net Block (INR Crores) Capital Employed (INR Crores) 4693 7000 Capital Employed 20% 4344 6000 ROCE 10% 3712
Slide 23: P&L Statement (S)
P&L Statement (S) Q4 FY17 Q4 FY16 Growth% Particulars (INR crore) FY17 FY16 Growth% 1330.1 978.2 36.0% Net Revenues 4839.3 3744.1 29.3% 262.1 205.9 27.3% EBITDA 991.9 763.5 29.9% 19.7% 21.0% -130 bps EBITDA margin 20.5% 20.4% +10 bps 101.0 92.8 8.8% Depreciation 412.4 336.6 22.5% 161.1 113.1 42.4% E
Slide 24: Balance Sheet (S)
Balance Sheet (S) As on As on As on As on Particulars (INR crore) Particulars (INR crore) Mar 31, 2017 Mar 31, 2016 Mar 31, 2017 Mar 31, 2016 Source of Funds Application of Funds Equity 2724.50 2415.62 Non Current Assets 4645.53 4935.63 Property, Plant & Equipment 4307.42 4653.52 Equity Share Capita
Slide 25: Capacity Utilization
Capacity Utilization 200 Towel (In 000’ tons) 60% Bed Linen (In mn. meters) 50% 50 29% 40% 150 50% 40% 41% 40 Project 30% 100 40% 30 commissioned 20% 20 at the end of 50 30% 6% FY16 10% 10 90 90 90 5.4 43.2 0 20% 0 0% FY15 FY16 FY17 FY16 FY17 Installed Capacity Utilization Installed Capacity Utiliza
Slide 26: Dividend Policy
Dividend Policy Dividend Payout Ratio Minimum Annual Maximum Annual Dividend Dividend 29% 27% 23% 6% 33% of Face Value of Net Profit (Including Dividend Distribution Tax) Total FY15 FY16 FY17 Year Dividend Type %age Dividend% Final 3% FY17 15% Interim 6% Historical Dividends (%age of Face Value) Int
Slide 27: Geographic Revenue
Geographic Revenue Bed & Bath Yarn Paper Export (%) Revenue Q4FY17 Export % Domestic % 12% 7% 38% 62% 88% 93% Export (%) Revenue FY17 Export % Domestic % 11% 9% 32% 68% 89% 91% Corporate Presentation - May 2017 - Trident Ltd. 27
Slide 28: Clientele – International
Clientele – International ETHIOPIAN GOVERNMENT Corporate Presentation - May 2017 - Trident Ltd. 28
Slide 29: Clientele – Domestic
Clientele – Domestic Corporate Presentation - May 2017 - Trident Ltd. 29
Slide 30: Online Presence
Online Presence Corporate Presentation - May 2017 - Trident Ltd. 30
Slide 31: Business Segments
Business Segments Segmental Revenue: FY17 49% 33% 18% FY16 46% 32% 22% FY15 42% 37% 22% FY14 28% 51% 22% FY13 28% 50% 22% Bed & Bath Linen Yarn Paper Home Textile | Paper Corporate Presentation - May 2017 - Trident Ltd. 31
Slide 32: Home Textile Industry
Home Textile Industry Global Home Textile Market Global Home Textile Market Size 2020(E) ($ bn) Global Home Textiles Market valued at 60.8 26.4 17.6 15.4 11.2 $104.2 billion in 2013; is expected to witness a growth of 3.5% between 2015 and 2020 to reach $131.5 billion by 2020. Bed Linen & Bath / Flo
Slide 33: India’s Dominance in Home Textiles
India’s Dominance in Home Textiles Market Share in US Towel Market India’s export share in 42% the US towel market 36% 38% 40% 35% has improved at a 30% 25% 26% rampant pace from 23% 25% 24% 25% 23% 24% 22% 23% 22% 22% 19% 30% in 2009 to 42% 16% 15% 15% 15% 15% till March 2017 2009 2011 2013 2015 20
Slide 34: Home Textile Industry
Home Textile Industry Indian Home Textile Market Indian Home Textile Market Size 2020(E) ($ bn) India represents 3rd largest market share 3.3 0.9 0.3 0.9 0.2 in Asia-Pacific home textiles market. Home textiles spending in India is estimated at $3.7 bn in 2014 and is expected to grow Bed Linen & Bath
Slide 35: Home Textile
Home Textile Sales (INR Crores) EBITDA (INR Crores) +34% +27% +32% 3864 800 18% 25% 19% 18% +40% 2880 600 17% 20% 400 15% 180 142 753 1056 200 10% 523 690 0 5% Q4 Q4 FY16 FY17 Q4 Q4 FY16 FY17 FY16 FY17 FY16 FY17 EBITDA EBITDA % EBIT (INR Crores) Trident’s Market Share rising in Towel Export to US +3
Slide 36: Brands
Brands Corporate Presentation - May 2017 - Trident Ltd. 36
Slide 37: Innovations
Innovations Super Soft All Season Sheet Bio Softness Moisture Superior Softness Renewable Wicking Breathable Reduced Carbon Breathable Moisture Wicking Foot Print Luxury Sleep Dry Comfort Natural Finish Comfort Superior Cotton Durable Compact Yarn Yarn Feather Soft Quick Dry Sheet Super Soft Enhance
Slide 38: Domestic Paper Industry
Domestic Paper Industry Indian Paper Industry Demand Supply Dynamics Consumption Production Accounts for 3% of World’s Paper Production Turnover of INR 500 billion approximately 17.42 16.51 16.63 (Million Tonnes)) Contribution to exchequer is INR ~45 billion 14.49 Total production grew at CAGR 13.3%
Slide 39: Paper
Paper Sales (INR Crores) EBITDA (INR Crores) +5% +26% +28% 831 872 400 35% 45% +3% 300 36% 29% 35% 200 25% 218 225 29% 302 100 15% 240 64 82 0 5% Q4 Q4 FY16 FY17 Q4 Q4 FY16 FY17 FY16 FY17 FY16 FY17 EBIDTA EBIDTA % EBIT (INR Crores) Copier Paper Sales Volume +46% Enhanced Margin due to higher +39% tr
Slide 40: Eco Friendly Paper
Eco Friendly Paper Eco Friendly Wheat Straw based Paper 72 GSM 100 GSM 75 GSM 86% Brightness 92% Brightness 88% Brightness High Quality 75 GSM 80 GSM 70 GSM 90% Brightness 90% Brightness 87% Brightness Jam Free Farmer earns extra income for each With Production Capacity of 450 5520 lbs of CO2 emissi
Slide 41: 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 Corporate Presentation - May 2017 - Trident Ltd. 41