Trident Limited has informed the Exchange about Earnings' Presentation
,-:Vf RIDENT
Excellence in nature
TM
E-212, K:tchlu N;i:;ar I Talk: +91 161 511J1.r9
LcA• ·1r:a-1 41!l01. P~ ··; 0b, lr~ia
Fa:<: +91 1615u:1r. r.o Vi~;t. trider.r ~'a com
TRIDENT/CS/2022 t 10 2022 '
ugus
A
The Manager
Listing Department
The Manager
. Listing Department
National Stock Exchange of India Limited
BSE Limited
Exchang~ Plaza , Plot No. C/1, G Block
Phiroze Jeejeebhoy Towers
BandraKurla Complex, Sandra [El
Dalal Street
Mumbai - 400 051
Mumbai - 400 001
Scrip Code:- TRIDENT
Scrip Code:- 521064
I NCO 960 173
Dear Sir/ Madam,
Sub: Earnings Presentation
In terms of Regulation 30 and other applicable provisions of SEB I [Listing Obligations and
Disclosure Requirements) Regulations, 2015, please find attached herewith the Earnings
Presentation with respect to the performa nce of the Company for the Quarte r ended June 30, 2022,
for analysts and institutional investor.s.
We request you to kindly place the same on the website of stock exchange[s), for the infor mation
of shareholders.
The same is also available on the website of the Company i.e. www.tr identindia.com.
Thanking you Yours faithfully For Trid ent Lim ited
(Hari Krishan] Company Secretary
Encl: As above
~ Trident Lirr"ed. R!'ad. Gtiice: Tridcn~'.:r::µ, ~:~:;~m - m~01 , lr.~;3
Trident Limited
Home Textile I Paper
EARNINGS PRESENTATION Q1FY23
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 Q1 FY23
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 Q1 FY23
3
COMPANY OVERVIEW
Earnings Presentation Q1 FY23
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
51% 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 Q1 FY23
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 Q1 FY23
6
Awards & Recognition
Earnings Presentation Q1 FY23
7
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 Q1 FY23
8
Snapshot Q1 FY23
Total Income Rs 16,717 Mn
EBITDA Margin 15.48%
PBT Margin 9.86%
Dividend 36%
Capacity Utilization
Q1 FY22
Q1 FY23
83%
74%
85%
85%
91%
71%
62%
43%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Revenue Segment
Q1 FY22
1978
Q1 FY23
3234
2787
8042
10034
5394
Yarn
Towel
Sheeting
Paper
Bed & Bath Linen
Yarn
Paper
Bed & Bath Linen
Yarn
Paper
Earnings Presentation Q1 FY23
Figures in INR Millions (Mn)
9
Shareholding and Dividend Payout
Key Market Statistics (09th August 2022) (INR)
Shareholding Pattern (30th June 2022)
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
39.75
202,566
5096
1
19.0/70.9
25%
2%
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
27%
5 1 . 0
Promoters
Non-Promoters- Non Public
73%
Public
Dividend
65%
50%
53%
35%
22%
36%
5 1 . 0
6 3 . 0
6 3 . 0
6 3 . 0
6 3 . 0
6 3 . 0
70%
60%
50%
40%
30%
20%
10%
0%
Stock price movement
53.4
53.7
38.7
28.0
4.25
6.95
6.7
9.9
14.1
16.4
60
50
40
30
20
10
0
Mar-20
Jun-20
Sep-20
Dec-20
Mar-21
Jun-21
Sep-21
Dec-21
Mar-22
Jun-22
FY17
FY18
FY19
FY20
FY21
FY22
FY23*
Dividend
Dividend Payout Ratio
Series1
DPR for FY23* is annualized in nature
Earnings Presentation Q1 FY23
10
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 Q1 FY23
11
INDUSTRY OVERVIEW
Earnings Presentation Q1 FY23
12
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 Q1 FY23
Fiber
Yarn
Fabric
Apparel
Home Textiles
Other
Total
13
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
14
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 Q1 FY23
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-Jun)
9%
23%
14%
54%
India
China
Pakistan
ROW
India
China
Pakistan
ROW
Source: OTEXA, US Imports
Earnings Presentation Q1 FY23
2022* (Jan-Jun)
17%
22%
21%
40%
15
QUARTERLY & OPERATIONAL HIGHLIGHTS
Earnings Presentation Q1 FY23
16
Quarterly Highlights (P&L)
Particulars
Total Income
EBITDA
Depreciation
Finance Cost
PBT
PAT
Cash Profit
EPS
Q1FY23
Q1FY22
Y-o-Y Change
Q4 FY22
Q-o-Q Change
16,717
14,799
13.0%
18,531
(9.8)%
2,588
3,825
(32.3)%
3,335
(22.4)%
760
180
1,648
1,238
874
250
(13.0)%
(27.8)%
810
185
(6.2)%
(2.5)%
2,700
(39.0)%
2,341
(29.6)%
2,035
(39.2)%
1,735
(28.6)%
1,998
2,909
(31.3)%
2,545
(21.5)%
0.25
0.41
(39.0)%
0.35
(28.6)%
Figures in INR Millions (Mn) except EPS
Earnings Presentation Q1 FY23
17
Quarterly Margins (P&L)
e u n e v e R f o
s a
s t r o p x E
20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
Revenue
Exports
73%
57%
51%
9 9 7 4 1
1 3 5 8 1
1 7 6 6 1
Q1 FY22
Q4 FY22
Q1 FY23
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
I
N G R A M T A P
25.8%
18.0%
15.5%
Q1 FY22
Q4 FY22
Q1 FY23
19.9%
13.6%
10.9%
Q1 FY22
Q4 FY22
Q1 FY23
13.8%
9.4%
7.4%
Q1 FY22
Q4 FY22
Q1 FY23
Earnings Presentation Q1 FY23
18
Quarterly Highlights (B/S)
Particulars
Net Worth
Q1 FY23
Q1 FY22
Q4 FY22
39,039
35,122
37,972
Short Term Loans
Long Term Loans
7,575
4,189
10,648
12,134
3,773
3,572
Gross Debt
11,764
14,421
15,706
Cash & Cash Equivalents
Net Debt
Total Assets
Figures in INR Millions (Mn)
2,432
9,332
2,102
2,734
12,319
12,972
62,344
59,439
64,307
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 (
0.35
0.34
0.24
Q1 FY22
Q4 FY22
Q1 FY23
0.97
0.90
0.81
Q1 FY22
Q4 FY22
Q1 FY23
Earnings Presentation Q1 FY23
19
Segment Highlights (P&L)
Particulars
Q1 FY23 Q1 FY22
Y-o-Y Change
FY22
FY21
Y-o-Y Change
Revenue
Home Textile
Revenue
EBIT
EBIT Margin
Paper
Revenue
EBIT EBIT Margin
Figures in INR Millions (Mn)
Earnings Presentation Q1 FY23
13,436
12,821
4.8%
59,395 38,161
55.60%
1,248
2,660
(53.1)%
10,905
3,925
177.90%
9.29%
20.75%
(1146) Bps 18.36%
10.29%
808 bps
19%
3,235
1,950
65.9%
9,804
7,041
39.20%
876
593
47.8%
2338
1823
28.20%
81%
27.08%
30.40%
(331) bps 23.84%
25.89%
(205) bps
Home Textile
Paper
20
SUMMARY OF FINANCIAL STATEMENTS
Earnings Presentation Q1 FY23
21
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 Q1 FY23
22
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 Q1 FY23
23
Financial Performance
REVENUE
EBITDA
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
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
150 0
100 0
500
0
54%
58%
56%
67%
65%
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
10.0%
9.0%
10.0%
9 6 4 , 5
2 1 2 , 4
2 5 4 , 4
8.0%
8 1 9 , 3
5 1 4 , 9 6
FY22
15.7%
6 1 9 , 0 1
FY18
FY19
FY20
FY21
FY22
PBT (in INR million)
PBT margin
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 %
Earnings Presentation Q1 FY23
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
500
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
21.7%
0 0 1 , 5 1
35. 0%
30. 0%
25. 0%
20. 0%
15. 0%
10. 0%
5.0 %
0.0 %
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 %
24
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%
10.1%
21.5%
21.9%
Earnings Presentation Q1 FY23
25
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
FY23*
FY22
FY21
FY20
FY19
FY18
48%
58%
64%
54%
51%
48%
Bath & Bed Linen
Yarn
Paper
28%
20%
33%
26%
30%
33%
19%
14%
16%
20%
19%
19%
Earnings Presentation Q1 FY23
26
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
18.4%
6.0%
8.0%
8.0%
10.0%
9 9 7 7 3
9 2 2 2 4
6 7 7 7 3
1 6 1 8 3
2 2 4 9 5
FY18
FY19
FY20
FY21
FY22
Sales (in INR million)
EBIT Margin
22. 0%
17. 0%
12. 0%
7.0 %
2.0 %
-3.0%
Revenue Mix
32.0%
37.1%
33.6%
23.8%
25.9%
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 Q1 FY23
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
27
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 Q1 FY23
28
Environment Friendly Entity
Zero liquid discharge
Water
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
• Cleaning of Narmada river every quarter in order to provide clean water and area to the locals resulting removal of 100 MT waste over period of 3 years.
Energy
• Current renewable energy consumption is 25%
using solar power plant as of 2022.
• Aiming to use 50% renewable energy by 2025.
CO2 Emission
Green Belt
Certified by Carbon Footprint for releasing Approx. 58% less emission of Co2/kg with use of wheat straw paper vs wood pulp.
• Over 9 lacs trees planted to reduce the impact
of climate change.
•
Endeavoring to take the number of trees planted to 15 lacs trees by 2025
Earnings Presentation Q1 FY23
29
Committed towards Social Cause
Trident Foundation’s Initiatives towards Society
Uplifting the differently abled
Impacting 10000+ youths through short/long term skill development through Takshashila Academy. • • Sponsored education of 900+ students and supply of books provided to more than 10000 children.
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
Impacted 11k+ women through health & hygiene initiatives. • • Sewing centers in 5 villages providing handicraft training and impacting 200+ families through our Hastkala initiative.
Promoting healthy lifestyle
• Refuse single use plastic awareness to 5000+ families. • Toilets built for 2000+ individuals to discourage open defecation. • Provision of drinking water facilities to 18500+ people
Medical Facilities
• Mega Medical Camps & Mobile dispensaries covering 3 lakh+ members. • Madhuban Hospital providing affordable healthcare services to 18080+ families. • 13070 patients provided with ophthalmologist services.
Earnings Presentation Q1 FY23
30
Efficient Corporate Governance
1
2
National Award for Excellence in Corporate Governance
times stood among the Top 25 Indian Corporates adopting Good Corporate Governance
3 times National Recognition for 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 Q1 FY23
31
WAY FORWARD
Earnings Presentation Q1 FY23
32
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 Q1 FY23
33
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 Q1 FY23
34
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 Q1 FY23
35