Trident Limited has informed the Exchange about Earnings' Presentation
/
-·~-.. ·~R I DEN ·1- . '., . . ...... TM . , : ... ' , ,..
..
Ull
'; ,., _I ~ " ,
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Excellence in nature
E-212. Kitc hlu Nagar Ludh iana -1 1,1001 Pu njab, India
Talk: +91161 fi039999 Fax: +91161 5038800 Visit: tridentindia.com
TRI DENT /CS/2022
May 31, 2022
The Manager
Listing Department
The Manager
Listing Department
National Stock Exchange of India Limited
BSE Limited
Exchange Plaza, Plot No. C/1, G Block
Phiroze Jeejeebhoy Towers
Bandra Kurla Complex, Bandra [E)
Dalal Street
Mumbai - 400 051
Mumbai - 400 001
Scrip Code :- TRIDENT
Scrip Code:- 521064
Dear Sir/ Madam,
Sub: Earnings' Presentation
In terms of Regulation 30 and other applicable prov1s1ons of SEBI [Listing Obligations and
Disclosure Requirements) Regulations, 2015, please find attached herewith copy of Investors'
Presentation with respect to the performance of the Company for the Quarter and Financial Year
ended on March 31, 2022.
The same is also ava ilable on the website of the Company i.e. www.triden.tindia .com.
Thanking you
Yours faithfully
For Trident Limited
IHari Krishanl Company Secretary ICSI Membership No.: A31976
Encl : As above
~ Trident Limited, Regd. Office : Trident Group, Sanghera - "if,8101, India
!1ffii Lil9999PB1990Pl.CO I 0307
~~ corp@tridentindia.com
Trident Limited
Home Textile I Paper
EARNINGS PRESENTATION Q4FY22 / FY22
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 offer or invitation, directly or indirectly, in any manner, or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation does not solicit any action based on the material contained herein. Nothing in this presentation is intended by the Company to be construed as legal, accounting or tax advice.
This presentation has been prepared by the Company based upon information available in the public domain. This presentation has not been approved and will not or may not be reviewed or approved by any statutory or regulatory authority in India or by any Stock Exchange in India. This presentation may include statements which may constitute forward-looking statements. The actual results could differ materially from those projected in any such forward-looking statements because of various factors. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise.
This presentation contains certain forward-looking statements relating to the business, financial performance, strategy and results of the Company and/ or the industry in which it operates. Forward-looking statements are statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words including, without limitation "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on numerous assumptions and are uncertain and subject to risks. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Neither the Company nor its affiliates or advisors or representatives nor any of its or their parent or subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation and are not guarantees of future performance. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward- looking statements are based. Given these uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements.
The information contained in these materials has not been independently verified. None of the Company, its directors, promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this presentation or its contents or otherwise in connection with this presentation, and makes no representation or warranty, express or implied, for the contents of this presentation including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this presentation or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Past performance is not a guide for future performance. The information contained in this presentation is current, and if not stated otherwise, made as of the date of this presentation. The Company undertakes no obligation to update or revise any information in this presentation as a result of new information, future events or otherwise. Any person/ party intending to provide finance/ invest in the shares/ businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision.
This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, or any other applicable law in India.
This presentation is strictly confidential and may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction may constitute a violation of the applicable securities laws. Neither this document nor any part or copy of it may be distributed, directly or indirectly, in the United States. The distribution of this document in certain jurisdictions may be restricted by law and persons in to whose possession this presentation comes should inform themselves about and observe any such restrictions. By reviewing this presentation, you agree to be bound by the foregoing limitations. You further represent and agree that you are located outside the USA, and you are permitted under the laws of your jurisdiction to receive this presentation.
This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Company in the United States or in any other jurisdiction where such offer or sale would be unlawful. Securities may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, in to or within the United States absent registration under the Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Company’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended.
Earnings Presentation Q4 FY22
2
Index
01
02
03
04
05
06
INDUSTRY OVERVIEW
SUMMARY OF FINANCIAL STATEMENTS
WAY FORWARD
COMPANY OVERVIEW
QUARTERLY & OPERATIONAL OVERVIEW
COMMITTED TO ESG & WOMEN EMPOWERMENT
Earnings Presentation Q4 FY22
3
COMPANY OVERVIEW
Earnings Presentation Q4 FY22
4
Trident’s – A distinctive Entity
A
Leading Integrated home textile manufacturers with 30+ year track record
B
C
D
E
World’s Largest wheat straw-based paper manufacturer
#1
in North India for Branded Copier segment
USD 3bn+ Business Group
150+ countries
World-class Infrastructure & Technology
67% Exports
17,000+ employees
Globally Best-in-class Business Partners
Robust Financials and Young & Energetic Workforce
12+ Patents
46+ E-com website presence
Earnings Presentation Q4 FY22
5
Trident’s Transformation Journey
Going Forward
YOUR TITLE 01
Started as a Commodity Player
Inception: Started as a yarn
manufacturer in 1990 with
just 17k spindles
Forayed into Terry Towel in
1998-99
1990- 2000
Transition & Diversification Phase
2010- 2020
Energy segment
Entered Paper, Chemical & Enhanced capacity
expansion in Yarn and Terry towel
Make Trident a National Brand
•
•
•
E-commerce Website Retail Outlets Social Media Presence Diversified products
• Digital Trident – Completing Industry 4.0 Journey
•
•
•
•
•
E-sourcing Real time performance monitoring AI enabled Projects Digitalization of products Virtual showrooms
2020- 2025
2000- 2010
Value Addition & Consolidation Phase Horizontal diversification into segments such as Bed Linen
Strengthened presence in E-commerce and domestic market
Secured 10 patents
Earnings Presentation Q4 FY22
6
Our Global Presence
Across 6 continents and 150 countries
Trident Europe Ltd. First Floor, Sovereign House, Stockport Road, Cheadle, Cheshire, England – SK82EA
Trident UK Office
Warehousing & Distribution Set up
Trident NYC Office
US Office: 295, Fifth Avenue, Suite 612, New York, NY 10016, USA
Corporate Headquarters
Manufacturing Unit
Sales / Liaisoning Office
Trident Head Office
Trident Presence
Earnings Presentation Q4 FY22
7
Awards & Recognition
Earnings Presentation Q4 FY22
8
Creating differentiation across brands & products
Domestic home textile brands Domestic home textile brands Domestic home textile brands
International home textile brands International home textile brands International home textile brands
Marquee Customers Marquee Customers
Bed Bed
Bed Bed
Bath
Bath
Trident’s home textile brands are across a range of luxury, premium, essentials, exclusive and gifting products
Earnings Presentation Q4 FY22
9
Snapshot Q4 FY22
Total Income Rs 18,531 Mn
EBITDA Margin 18.00%
PBT Margin 12.63%
Free Cash Flow Rs 5,569 Mn
Management’s Commentary:
“Despite the high commodities prices, inflationary issues, and supply chain constraints, we delivered resilient performance for our stakeholders during the year. We remain optimistic about the future growth of the industry and hope to maintain likewise momentum going forward.”
Capacity Utilization
Revenue Segment
96%
83%
92%
80%
92%
89%
61%
46%
Q4 FY21
Q4 FY22
Q4 FY21
2184
3110
8208
Q4 FY22
2773
6655
9040
120%
100%
80%
60%
40%
20%
0%
Yarn
Towel
Sheeting
Paper
Bed & Bath Linen
Yarn Business
Paper
Bed & Bath Linen
Yarn Business
Paper
Mr. Rajinder Gupta Chairman, Trident Group
Figures in INR Millions (Mn)
Earnings Presentation Q4 FY22
10
Shareholding and Dividend Payout
Key Market Statistics (30th May 2022) (INR)
BSE Ticker
NSE Ticker
Bloomberg code
Reuters
Market Price
Market Cap (in million)
Outstanding shares (in million)
Face value per share
52 week low/high
521064
Trident
TRID:IN
TRIE.NS
48.05
2,44,863
5096
1
15.7/70.3
Stock price movement
Shareholding Pattern (31st March 2022)
25%
2%
Promoters
Non-Promoters- Non Public
73%
Public
Dividend
50%
0 3 . 0
65%
6 3 . 0
53%
6 3 . 0
29%
6 3 . 0
53.4
53.7
28.0
27%
5 1 . 0
35%
5 1 . 0
4.25
7.0
6.7
9.9
14.1
16.4
Mar-20
Jun-20
Sep-20
Dec-20
Mar-21
Jun-21
Sep-21
Dec-21
Mar-22
Series1
FY17
FY18
FY19
FY20
FY21
FY22
Dividend
Dividend payout ratio
Earnings Presentation Q4 FY22
11
60
50
40
30
20
10
0
Competitive Advantage
Competitive cost of production
Textiles: A dominant industry
▪ Competitive labor, power and raw material cost ▪ Access to advanced technology under textile upgradation fund
▪ Employs 45 million people across the value chain ▪ Strong government support to industry
Favorable Government Policies
▪ Focus on ‘Make in India’ ▪ Export enhancement ▪ Scheme of setup of Mega Textile
Parks
Cotton quality and availability
▪ Largest producer of cotton ▪ Surplus available for export
India geography of choice for Home Textiles
Backward Integration with yarn
▪ ▪
▪ ▪ ▪
Lower variance in profitability Hedge against raw material price fluctuations Maintenance of high-quality standards Traceability of origin Consistent delivery of products
Qualified and skilled manpower
Global friendly environment
▪ Large, young and talented workforce ▪ Competitive though increasing cost of labor
▪ Stable democracy and comfort with global languages ▪ Evolving practices in line with MNCs
Earnings Presentation Q4 FY22
12
INDUSTRY OVERVIEW
Earnings Presentation Q4 FY22
13
Global Industry Overview
In 2020, the global textile and apparel trade was US$ 775 bn., which was 8% lower compared to 2019 due to impact of COVID.
It is expected to reach US$ 1 trillion by 2025 growing at a CAGR of 3% from 2019.
776
52 50
444
148
29 53
2015
641
42 43
348
129
27 52
2010
838
66 51
482
160
26 53
2019
-8%
775
113
49
416
124
44 29
2020
1000
70
60
600
180
30 60
2025
Data Source: UN Comtrade and Wazir Analysis
Earnings Presentation Q4 FY22
Fiber
Yarn
Fabric
Apparel
Home Textiles
Other
Total
14
India’s Domestic Industry Overview
200
180
160
140
120
100
80
60
40
20
0
106
8
20
78
-25%
80
7
18
55
50 4 11
35
190
13
42
135
30%
99
8
19
72
2011
2020
2021
2022 (Est)
2026 (P)
Apparel
Technical Textiles
Home Textiles
Total
200
180
160
140
120
100
80
60
40
20
0
15
India’s domestic textile & apparel market is estimated to be US$ 99 bn. in 2021-22 which has recovered 30% from 2020-21.
The market is expected to grow at 10% CAGR from 2019-20 to reach US$ 190 bn. by 2025-26
Data Source: Wazir Analysis
Earnings Presentation Q4 FY22
INDIA’s share in US Market
US Imports of Cotton Sheets
US Imports of Terry Towels
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
2018
2019
2020
2021
ROW
Pakistan
China
India
13%
17%
21%
49%
12%
19%
19%
50%
14%
20%
14%
52%
11%
20%
12%
57%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
2018
2019
2020
2021
ROW
Pakistan
China
India
16%
20%
25%
39%
16%
21%
24%
39%
16%
21%
21%
42%
16%
21%
19%
44%
2022* (Jan-Mar)
9%
25%
16%
50%
India
China
Pakistan
ROW
India
China
Pakistan
ROW
Source: OTEXA, US Imports
Earnings Presentation Q4 FY22
2022* (Jan-Mar)
17%
23%
20%
40%
16
INDIA’s share in EU Market
EU Imports of Cotton Sheets
EU Imports of Terry Towels
100%
80%
60%
40%
20%
100%
80%
60%
40%
20%
0%
ROW
Turkey
China
India
Pakistan
2018
18%
15%
7%
9%
51%
2019
17%
16%
7%
9%
53%
2020
14%
18%
6%
7%
55%
2021
14%
18%
5%
6%
56%
0%
ROW
China
India
Pakistan
Turkey
2018
14%
11%
19%
27%
29%
2019
12%
10%
21%
30%
28%
2020
13%
10%
17%
32%
29%
2021
12%
9%
16%
33%
30%
Pakistan
India
China
Turkey
ROW
Turkey
Pakistan
India
China
ROW
Source: European Commission
Earnings Presentation Q4 FY22
17
QUARTERLY & OPERATIONAL HIGHLIGHTS
Earnings Presentation Q4 FY22
18
Quarterly Highlights (P&L)
Particulars
Total Income
EBITDA
Depreciation
Finance Cost
PBT before exceptional items
Exceptional items
PBT
PAT
Cash Profit
EPS
Q4FY22
Q4FY21
18,531
13,526
3,335
2,382
810
185
2341
-
2341
1,735
2,545
0.35
880
234
1,268
304
964
756
1,636
0.15
Y-o-Y Change
37.0%
40.0%
-8.0%
-20.9%
84.6%
-100.0%
142.8%
129.5%
55.6%
133.3%
Q3 FY22
19,611
4,063
775
224
3,064
252
2,812
2,091
2,866
0.42
Q-o-Q Change
-5.5%
-17.9%
4.5%
-17.4%
-23.6%
-100.0%
-16.7%
-17.0%
-11.2%
-16.7%
Figures in INR Millions (Mn)
Earnings Presentation Q4 FY22
19
Quarterly Margins (P&L)
e u n e v e R f o
s a
s t r o p x E
25000
20000
15000
10000
5000
0
Revenue
Exports
71%
64%
57%
6 2 5 3 1
1 1 6 9 1
1 3 5 8 1
Q4 FY21
Q3 FY22
Q4 FY22
75%
65%
55%
45%
35%
25%
15%
5%
-5%
I
N G R A M A D T B E
I
I
N G R A M T B E
I
20.7%
17.6%
18.0%
Q4 FY21
Q3 FY22
Q4 FY22
16.7%
13.6%
11.1%
Q4 FY21
Q3 FY22
Q4 FY22
10.7%
9.4%
5.6%
I
N G R A M T A P
Q4 FY21
Q3 FY22
Q4 FY22
Earnings Presentation Q4 FY22
20
Quarterly Highlights (B/S)
Particulars
Net Worth
Q4 FY22
Q4 FY21
Q3FY22
37,972
33,165
36,294
Short Term Loans
12,134
12,336
12,268
Long Term Loans
3,572
3,019
3,818
Gross Debt
15,706
15,355
16,086
Cash & Cash Equivalents
2,734
1,123
1,237
Net Debt
Total Assets
Figures in INR Millions (Mn)
12,972
14,232
14,849
64,307
57,542
63,497
I
Y T U Q E
/ T B E D T E N
) s e m
i t
n i (
A D T B E
I
/ T B E D T E N
) s e m
i t
n i (
0.43
0.41
0.34
Q4 FY21
Q3 FY22
Q4 FY22
1.72
0.91
0.86
Q4 FY21
Q3 FY22
Q4 FY22
Earnings Presentation Q4 FY22
21
Segment Highlights (P&L)
Particulars
Q4 FY22 Q4 FY21
Y-o-Y Change
FY22
FY21
Y-o-Y Change
Revenue
14%
Home Textile
Revenue
EBIT
EBIT Margin
Paper
Revenue
EBIT EBIT Margin
Earnings Presentation Q4 FY22
15,699
11,319
38.7%
59,395
38,161
55.6%
2,437
1,199
103.2%
10,905
3,925
177.9%
15.52%
10.59%
493 bps
18.36%
10.28%
808 bps
2,774
2,184
27.0%
9,804
7,041
594
608
-2.2%
2338
1823
39.2%
28.2%
86%
21.42%
27.82%
-639 bps
23.84%
25.89%
-205 bps
Home Textile
Paper
Figures in INR Millions (Mn)
22
SUMMARY OF FINANCIAL STATEMENTS
Earnings Presentation Q4 FY22
23
Historical P&L Statement Historical P&L Statement
Particulars
Total Income
EBITDA
Depreciation
EBIT
Finance cost
FY19
FY20
FY21
FY22
Y-o-Y %
52,653
47,240
45,353
69,415
10,231
3,639
8,653
3,333
8,270
15.100
3,365
3326
53%
83%
(1%)
6,592
5,320
4,905
11,774
140%
Exceptional Items
-
-
1,123
1,108
720
-266
857
-
Profit before tax
Tax
5,469
1,760
4,212
4,451
10,917
794
994
2,767
19%
(100%)
145%
178%
Profit after tax
3,709
3,418
3,457
8,150
136%
EPS (Actuals)
0.73
0.67
0.68
1.63
92%
Cash Profit
7,348
6,751
6,822
11,224
68%
Recent performance and growth
✓ Total Revenue for the FY22 stood at INR 69415 Mn with sales growth of 53% as compared to FY21 owing to primarily the increase in demand in FY22
✓ PAT has increased by 136% Y-o-Y in FY22
✓ EBITDA Margin stood at 21.75% in FY22 as
compared to 18.23% in FY21.
✓ EPS has grown by 92% in FY22 as compared
to FY21.
Margin improvement initiatives
✓ Move to higher retail price points products, focusing on higher thread count sheets and higher GSM Towels
✓ Develop new and innovative products leveraging consumer sentiments and behavior to earn premium
✓ Catering to luxury, fashion accents, &
sports segments
✓ Increasing capacity utilization of plants through digitization of processes and adopting lean practices
Figures in INR Millions (Mn)
Earnings Presentation Q4 FY22
24
Historical Balance Sheet
Particulars
CAPITAL AND LIABILITIES
Capital
Reserves and surplus
Borrowings
Deferred tax liabilities
Other liabilities and provisions
TOTAL
ASSETS
Cash and cash equivalents
Balances with bank
Inventory
Trade receivables
Property, plant & equipment
Other assets
TOTAL
As at
As at
As at
As at
March 31, 2019
March 31, 2020
March 31, 2021
March 31, 2022
5,096
24,216
24,358
4,083
3,279
61,032
95
156
10,010
6,620
36,725
7,426
61,032
5,096
24,573
19,518
3,367
4,630
57,184
3,183
190
9,120
2,785
35,734
6,172
57,184
5,096
28,070
15,355
3,208
5,813
57,542
984
139
10,083
4,545
36,979
4,812
57,542
5,096
32,876
15,706
3,039
7,590
64,307
2,520
214
12,904
5,285
36,202
7,182
64,307
Net Debt reduced by 44.7% in last three years ( FY19 to FY22)
Figures in INR Millions (Mn)
Earnings Presentation Q4 FY22
25
Financial Performance
REVENUE
EBITDA
54%
58%
56%
67%
3 0 4 , 6 4
3 5 6 , 2 5
0 4 2 , 7 4
FY18
FY19
FY20
Revenue (in INR million)
3 5 3 , 5 4
FY21
Exports
PBT
9.0%
2 1 2 , 4
10.0%
2 5 4 , 4
8.0%
8 1 9 , 3
10.0%
9 6 4 , 5
725 00 720 00 715 00 710 00 705 00 700 00 695 00 690 00 685 00 680 00 675 00 670 00 665 00 660 00 655 00 650 00 645 00 640 00 635 00 630 00 625 00 620 00 615 00 610 00 605 00 600 00 595 00 590 00 585 00 580 00 575 00 570 00 565 00 560 00 555 00 550 00 545 00 540 00 535 00 530 00 525 00 520 00 515 00 510 00 505 00 500 00 495 00 490 00 485 00 480 00 475 00 470 00 465 00 460 00 455 00 450 00 445 00 440 00 435 00 430 00 425 00 420 00 415 00 410 00 405 00 400 00 395 00 390 00 385 00 380 00 375 00 370 00 365 00 360 00 355 00 350 00 345 00 340 00 335 00 330 00 325 00 320 00 315 00 310 00 305 00 300 00 295 00 290 00 285 00 280 00 275 00 270 00 265 00 260 00 255 00 250 00 245 00 240 00 235 00 230 00 225 00 220 00 215 00 210 00 205 00 200 00 195 00 190 00 185 00 180 00 175 00 170 00 165 00 160 00 155 00 150 00 145 00 140 00 135 00 130 00 125 00 120 00 115 00 110 00 105 00 100 00 950 0 900 0 850 0 800 0
500 0
450 0
400 0
350 0
300 0
250 0
200 0
150 0
100 0
65%
5 1 4 , 9 6
FY22
15.7%
6 1 9 , 0 1
80. 0%
70. 0%
60. 0%
50. 0%
40. 0%
30. 0%
20. 0%
10. 0%
0.0 %
18. 0%
16. 0%
14. 0%
12. 0%
10. 0%
8.0 %
6.0 %
4.0 %
2.0 %
0.0 %
FY18
FY19
FY20
FY21
FY22
PBT (in INR million)
PBT margin
Earnings Presentation Q4 FY22
150 00
145 00
140 00
135 00
130 00
125 00
120 00
115 00
110 00
105 00
100 00
950 0
900 0
850 0
800 0
750 0
700 0
650 0
600 0
550 0
500 0
450 0
400 0
350 0
300 0
250 0
200 0
500 0
450 0
400 0
350 0
300 0
250 0
200 0
150 0
100 0
19.6%
19.4%
18.3%
0 4 1 , 9
2 9 2 , 0 1
3 5 6 , 8
18.2%
0 7 2 , 8
35. 0%
30. 0%
25. 0%
20. 0%
15. 0%
10. 0%
5.0 %
0.0 %
21.7%
0 0 1 , 5 1
FY18
FY19
FY20
FY21
FY22
EBITDA (in INR million)
EBITDA Margin
PAT
5.7%
9 5 6 , 2
7.0%
7.2%
9 0 7 , 3
8 1 4 , 3
7.6%
7 5 4 , 3
11.7%
0 5 1 , 8
FY18
FY19
FY20
FY21
FY22
PAT (in INR million)
PAT margin
12. 0%
10. 0%
8.0 %
6.0 %
4.0 %
2.0 %
0.0 %
26
Ratios Summary
Type
Parameters
Net Debt/Equity
Solvency Ratios
Net Debt/EBITDA
Interest Coverage Ratio
Current ratio
Fixed asset turnover
Operational Ratios
Inventory days
Debtor days
Return Ratios
ROE
ROCE
FY20
0.54
1.87
7.81
1.04
1.30
70.8
21.6
11.5%
10.8%
FY21
0.42
1.72
11.49
0.99
1.21
81.4
36.7
FY22
0.34
0.86
17.62
1.25
1.89
68.1
27.9
10.4%
24.3%
21.5%
21.9%
Earnings Presentation Q4 FY22
27
Segment Overview
Textiles
Paper
Largest Player in terms of Terry Towel Capacity & One of the largest players in Home Textile Space in India
Highest Operating Margin among Key Listed Players in India
Revenue Split between segments
FY22
FY21
FY20
FY19
FY18
58%
64%
54%
51%
48%
Bath & Bed Linen
Yarn
Paper
28%
20%
26%
30%
33%
14%
16%
20%
19%
19%
Earnings Presentation Q4 FY22
28
Segmental Performance Annual
Revenue Mix
Capacity -Towels (in 000’tons)
Capacity-Bed Linen (In Mn meters)
s e l i t s x e e l T i t x e e m T o H
r r e e p p a a P P
700 00
600 00
500 00
400 00
300 00
200 00
100 00
0
120 00
100 00
800 0
600 0
400 0
200 0
0
6.0%
9 9 7 7 3
8.0%
8.0%
9 2 2 2 4
6 7 7 7 3
10.0%
1 6 1 8 3
18.4%
2 2 4 9 5
22. 0%
17. 0%
12. 0%
7.0 %
2.0 %
-3.0%
FY18
FY19
FY20
FY21
FY22
Sales (in INR million)
EBIT Margin
Revenue Mix
32.0%
37.1%
33.6%
25.9%
23.8%
9 7 5 8
0 7 9 9
5 2 2 9
1 4 0 7
0 0 8 9
FY18
FY19
FY20
FY21
FY22
Sales (in INR million)
EBIT Margin
100
98
96
94
92
90
88
86
84
40. 0%
35. 0%
30. 0%
25. 0%
20. 0%
15. 0%
10. 0%
5.0 %
0.0 %
(% of total revenue)
Earnings Presentation Q4 FY22
45%
49%
53%
48%
61%
70%
100
60%
50%
40%
30%
90
80
70
60
50
40
20%
30
10%
0%
20
10
0
44%
2 . 3 4
80%
88%
63%
60%
2 . 3 4
2 . 3 4
2 . 3 4
2 . 3 4
0 . 0 9
0 . 0 9
0 . 0 9
0 . 0 9
0 . 0 9
FY18
FY19
FY20
FY21
FY22
FY18
FY19
FY20
FY21
FY22
Capacity
Utilization
Capacity
Utilization
Copier vs Non-Copier Revenue Mix
Capacity Utilization (Tonnage Basis)
40%
Copier
Non-Copier
60%
(FY22)
180
179
178
177
176
175
174
173
172
171
170
89%
89%
90%
86%
0 . 5 7 1
0 . 5 7 1
0 . 5 7 1
79%
0 . 5 7 1
0 . 5 7 1
FY18
FY19
FY20
FY21
FY22
Capacity
Utilization
29
100 %
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
92%
90%
88%
86%
84%
82%
80%
78%
76%
74%
72%
COMMITTED TO THE ESG & WOMEN EMPOWERMENT
Earnings Presentation Q4 FY22
30
Environment Friendly Entity
Zero liquid discharge
Around 95% Water Recovery, 15% less water consumption than benchmark of 50 meter/cubic per ton
Recovery of 2822 million liters of water annually.
Trees
8100+ trees are saved on daily basis by using Agro Waste (wheat straw &
sugarcane waste
CO2 Emission
Certified by Carbon Footprint for releasing Approx. 58% less emission of Co2/kg with use of wheat straw paper vs wood pulp.
Waste Management
Conversion of daily food waste and other waste to energy in Budhni plant.
Reuse of black liquor which makes sure no chemicals are released outside plant
Power
Installation of 7.6 MW DC ground mounted & 1.35 MW Roof Mounted Solar Power Plant across 29 acres at Budhni to reduce coal consumption and power cost and further
evaluation to increase roof top Solar Plant of capacity 10 MW by 2022
Green Belt
Approx. 600 Acres of Campus surrounded 600,000+ Green belt trees
Earnings Presentation Q4 FY22
31
Committed towards Social Cause
Initiatives towards Society
Trident Foundation
Launch of our NGO- Trident Foundation to help the needy and social
cause. It includes donations, medical aids to tribal areas in Budhni,
adoption, blood donation program, etc.
Opportunities for Farmers Motivated farmers to sell wheat straw waste and prevented it from burning in open fields. Village cluster adoption – 200 Villages & More than 26,500 hectares of land and 17,498 farmers impacted
Women Empowerment
Revamp existing facilities, provide infrastructure and basic facilities to 250 schools and anganwadis. Sewing machines and handicrafts-making training under Hastakala initiative for women in Talpura, Jahanpur & Mahukala
Nirmal Narmada Abhiyan
Cleaning of Narmada river every quarter in order to provide clean water and area to the locals resulting removal of 35MT plastic waste.
Medical Facilities
Vending machines to obtain free sanitary napkins. Free consultations and medication for more than 100,000 people in rural areas.
Earnings Presentation Q4 FY22
32
Efficient Corporate Governance
01
02
3 times National Recognition for Good Corporate Governance
1 National Award for Excellence in Corporate Governance
03
2 times stood among the Top 25 Indian Corporates adopting Good Corporate Governance
India Rating
AA (Positive Outlook): Non- Convertible
Debentures
CARE
AA (Positive Outlook): LT Borrowings A1+: ST Borrowings
CRISIL
AA (Stable Outlook): LT Borrowings A1+: ST Borrowings
D&B
5A1: Business Rating
Earnings Presentation Q4 FY22
33
WAY FORWARD
Earnings Presentation Q4 FY22
34
Future prospects
Vision 2025 3 BHAGs (BIG, HAIRY, AUDACIOUS GOALS)
Unlock long term shareholder value
OBJECTIVES
IMPERATIVES
Grow to Rs 250,000 Mn by 2025 with 12% bottom line as a business group
Making Trident a National Brand
Digital Trident- Manoeuvring through Industry 4.0 Journey
1
2
3
4
Grow core business Capitalize on recent growing retail trends - Online & Offline Brands
Develop robust processes & organisation Boost efficiency, simplify & automate processes
Build new businesses Diversify, build and grow new businesses through organic and inorganic growth
Digital & industry 4.0 IOT, Blockchain & Digitalization
Improve return ratios through capital allocation strategies
Expansion of existing businesses through organic and inorganic growth
Creation of focused business groups to generate synergies and explore business alliances
Optimization of leveraging capacity to create value
Penetration into new markets
Product development
E-commerce
Brand building
Earnings Presentation Q4 FY22
35
CAPEX Plans
Particulars
Existing Capacity
Existing Capacity Utilization (Approx.) Proposed Capacity Addition
Yarn
Spindles- 5.89 Lacs; Rotors- 7,464 and Air Jet – 160 90%
Spindles- 98,496 & Rotors-3600
Sheeting
1.2 Lacs Mtrs/day 83%
70,000 Mtrs/day
1
2
3
Co-Gen
49.4 MW
71%
16.3 MW
4
The total cost of addition of all these capacities will be INR 1377 Crores and will be completed by September 2023.
The mode of financing of all these projects will be through Debt & Equity
This will result into increased competitive advantage for the company and will help to meet increased demand
The capex plans will help to leverage business expertise and capture business synergies
Earnings Presentation Q4 FY22
36
THANK YOU
GET IN TOUCH Abhinav Gupta/ Rahul Sharma Investor Relations, Trident Limited Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: corp.relations@tridentindia.com Visit us @ www.tridentindia.com / www.myTRIDENT.com
Earnings Presentation Q4 FY22
37