TRIDENTNSE15 January 2019

Trident Limited has informed the Exchange regarding Investor Presentation

Trident Limited

TRIDENT/CS/2019 January 15, 2019

The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (E) Mumbai – 400 051

The Manager Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001

Scrip Code:- TRIDENT

Scrip Code:- 521064

Dear Sir/ Madam

Sub: Investors’ Presentation

In terms of Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith copy of Investors’ Presentation being given to analysts and institutional investors, for your placing the same on website of the exchange for the information of shareholders. The same is also available on the website of the Company i.e. www.tridentindia.com.

Thanking you,

Yours sincerely,

For Trident Limited

(Ramandeep Kaur)

Company Secretary

ICSI Membership No.: F9160

Encl: As above

Trident Limited

Corporate Presentation - January 2019

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 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 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 United States 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.

Corporate Presentation - Trident Ltd. – January 2019

2

Overview

Textiles

Paper

Largest Player in terms of Terry Towel Capacity & One of the largest players in Home Textile Space in India players in Home Textile Space in India

Highest Operating Margin among Key Listed Players in India Key Listed Players in India

Revenue Split between segments

9MFY19

FY18

FY17 FY17

FY16

50%

48%

49%

46%

31%

33%

33%

19%

19%

18%

Bath & Bed Linen

32%

Yarn

22%

Paper

One of the Leading Business Groups with interest in Textiles and Paper

Corporate Presentation - Trident Ltd. – January 2019

3

Global Presence

Corporate Office : Corporate Office :

Ludhiana, Punjab Ludhiana, Punjab

Manufacturing Facilities at:

Marketing Offices (India):

Marketing Offices (Intl.):

Sanghera & Dhaula, Punjab Budni, Madhya Pradesh

Mumbai, Gurgaon Kolkata, Bengaluru

New York, United States Cheshire, United Kingdom

Snapshot

Key Market Statistics BSE Ticker NSE Ticker NSE Ticker Bloomberg Code Reuters Market Price (Rs) Market Cap (INR Crore / USD Mn) Number of Outstanding Shares (Crore) Face Value Face Value 52-week High / Low (Rs.)

15-Jan-2019 521064 Trident Trident TRID:IN TRIE.NS 72.75 3707 / 522 50.96 Rs. 10 per share Rs. 10 per share 91.30 / 51.15

Shareholding Pattern – 31st Dec, 2018

Category

Promoters

Institutions

Public

Sep 2018

Dec 2018

68.45%

3.43%

28.12%

70.77%

2.76%

26.47%

Corporate Presentation - Trident Ltd. – January 2019

4

Evolution

S S E E L L I I T T X X E E T T

R E P A P

) ) r r C C R R N N

I I ( ( e e u u n n e e v v e e R R

(cid:1) Inception (cid:1) Set-up 1st Spinning

Unit Facility

(cid:1) Entered Home Textile

with 1st Towel Manufacturing Unit (cid:1) Set up Spinning Unit - II

(cid:1) Augmented Towel with Unit –II set up (cid:1) Spinning with Unit-

III set up

(cid:1) Set-up Towel Unit

(cid:1) Set-up Towel Unit-IV & First

– III;

(cid:1) Added Spinning Units– IV, V & VI

Bed Linen Unit

(cid:1) Added Spinning Units -

VII, VIII, IX & X

(cid:1) Launched Textile Brands (cid:1) Launched Textile Brands

1990 - 95

1996 - 00

2001 - 05

2006 - 10

2011 - 16

2001 - 05 2001 - 05

2006 - 10 2006 - 10

2011 - 16 2011 - 16

(cid:1) Acquired Paper Manufacturing Facility along with Captive Power

(cid:1) Set-up Paper Unit II (cid:1) Set-up Captive Power

Facility

(cid:1) Launched Paper

Brands

3744

4773

4640

3849

1803 1803

FY10

FY16

FY17

FY18

9MFY19

47

FY95

294

FY00

706

FY05

Transformed from a Pure Play Yarn Player to an Integrated Textiles and Paper Manufacturer

Corporate Presentation - Trident Ltd. – January 2019

5

Key Highlights - P&L

Q3FY19

TOTAL INCOME (INR CR) TOTAL INCOME (INR CR)

PBT (INR CR) PBT (INR CR)

1306

+19%

Q3FY18: 1098

165 +57%

Q3FY18: 105

EBIDTA (INR CR) EBIDTA (INR CR)

PAT (INR CR) PAT (INR CR)

284 +22%

Q3FY18: 232

112 +54%

Q3FY18: 73

(cid:1) Home Textile: Bed Linen sales grew by 41.7% and Bath Linen sales grew by 10.1% Year on Year in Q3 FY 19 as compared to same period last year;

(cid:1) Branding, Distribution and expanding team closer to market in US has helped us in improving the volumes and will support us in sustaining the growth in the forthcoming quarters also.

(cid:1) Highest Ever EBITDA of INR 284 crores improved by (cid:1) Highest Ever EBITDA of INR 284 crores improved by 22% Y-o-Y in Q3FY19 compared to INR 232 crores in Q3FY18. EBITDA Margin stood at 21.7% in Q3FY19 & 19.7% in 9M FY19.

(cid:1) Highest Ever PAT of INR 112.1 crores with ~9% PAT

EBIT (INR CR) EBIT (INR CR)

EPS (INR) EPS (INR)

Margin. Margin.

194 +49%

2.20 +54%

Q3FY18: 130

Q3FY18: 1.43

(cid:1) EPS stood at INR 2.20 in Q3 FY19 and INR 5.50 in 9M

FY19

Corporate Presentation - Trident Ltd. – January 2019

6

Key Highlights - B/S

as on Dec 31, 2018

NET DEBT (INR CR) NET DEBT (INR CR)

LT DEBT (INR CR) LT DEBT (INR CR)

(cid:1) Finance costs for 9MFY19 stood at

INR 84.1

Crore, came down by 7% Y-o-Y Crore, came down by 7% Y-o-Y

2197

-424Cr

1428

-260Cr

(cid:1) Reduction in Long Term Debt of INR 260 Crore in

9MFY19; Net Debt reduced by INR 424 Crore

FY18: 2621

FY18 : 1688

(cid:1) Cash Profit of INR 556 Crore during 9MFY19

NET DEBT/EQUITY NET DEBT/EQUITY

NET DEBT/EBIDTA NET DEBT/EBIDTA

0.7

FY18 : 0.9

1.9

FY18 : 3.1

REPAYMENT (INR CR) REPAYMENT (INR CR)

CASH PROFIT (INR CR) CASH PROFIT (INR CR)

244 (9MFY19)

556 (9MFY19)

FY18: 545

FY18 : 668

Net Debt (INR Cr.)

3421

2714

2621

2197

Corporate Presentation - Trident Ltd. – January 2019

7

Mar'16

Mar'17

Mar'18

Dec'18

P&L Statement (S)

Particulars

Q3 FY19 Q2 FY18

Shift

Q3 FY18

Shift

9M FY19

9M FY18

Total Income Total Income

1,306.4 1,306.4

1,402.3 1,402.3

-6.8% -6.8%

1098.4 1098.4

18.9% 18.9%

3848.8 3848.8

3452.4 3452.4

EBITDA

EBITDA %

283.6

271.2

4.6%

231.6

22.5%

759.2

700.1

21.7%

19.3%

+240 bps

21.1%

+60 bps

19.7%

20.3%

Depreciation

89.2

91.7

EBIT EBIT

194.4 194.4

179.5 179.5

-2.7%

8.3% 8.3%

Finance Cost

29.4

26.3

11.9%

Profit Before Tax

165.0

153.2

Profit After Tax

112.1

109.1

EPS (INR)

2.20

2.14

Cash Profit

201.3

200.9

7.7%

2.7%

2.8%

0.2%

101.3

130.3 130.3

25.2

-12.0%

49.3% 49.3%

16.5%

105.0

57.1%

73.0

1.43

53.6%

53.8%

275.3

483.9 483.9

84.1

399.8

280.5

5.50

305.9

394.3 394.3

90.5

303.8

212.9

4.18

174.4

15.5%

555.8

518.7

Corporate Presentation - Trident Ltd. – January 2019

8

Dividend Payout

Year

Total Div%

Div. Amt. (INR Per Share)

Type

%age

Dividend Payout Ratio

9MFY19

24%

2.40/-

2nd Interim

1st Interim 1 Interim

6% 6%

6%

3rd Interim

12%

29%

23%

27%

52%

35% 35%

FY18

15%

1.50/-

2nd Interim

1st Interim

FY17

15%

1.50/-

FY16 FY16

9% 9%

0.90/- 0.90/-

FY15

6%

0.60/-

Final Final

1st Interim

2nd Interim

Final

1st Interim

2nd Interim 2 Interim

Final

1st Interim

2nd Interim

*Dividend Distribution Policy is available at www.tridentindia.com

6%

6%

3% 3%

6%

6%

3%

3%

3% 3%

3%

3%

3%

FY15

FY16

FY17

FY18

9MFY19

Historical Dividends (%age of Face Value) 24%

15%

15%

6%

9% 9%

FY15

FY16

FY17

FY18

9MFY19

Corporate Presentation - Trident Ltd. – January 2019

9

Management Comment

Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: Trident Group said:

“We are pleased with the financial and operational performance achieved

during the quarter. We remain focused on sweating manufacturing

capacities and expect to further increase the utilization level capacities and expect to further increase the utilization level

led by led by

expanding across geographies and enhancing our market share.

We will continue to consolidate the business by leveraging the existing

customers and adding new customers to its portfolio ” customers and adding new customers to its portfolio ”

Corporate Presentation - Trident Ltd. – January 2019

10

Global Home Textile Industry

Home Textile represents nearly 1/3rd of the global textiles & apparel industry. It is expected to touch $ 131 billion dollars by 2020 at a growth of more than 3.5%. touch $ 131 billion dollars by 2020 at a growth of more than 3.5%.

47.1

60.8

Bed Linen & Bed Spread Bed Linen & Bed Spread

2014

2020E

21.6

26.4

Bath & Toilet / Linen

2014

2020E

• Bed Linen & Bed Spread is the largest application segment of the home textiles representing 44.2% in 2015. This segment is expected to grow at a highest CAGR of 4.4 % to reach $60 billion by 2020. CAGR of 4.4 % to reach $60 billion by 2020.

• Bed and Bath linen together constitutes around 65% of the total market of Home Textile and expected to reach $87 billion by 2020 with growth expected to reach $87 billion by 2020 with growth of more than 4.1 %.

Source : Fibre2Fashion

Significant Growth Opportunities available Globally – For Indian Home Textile Manufacturers

Corporate Presentation - Trident Ltd. – January 2019

11

Home Textile Industry – Global Demand

United States

Europe

US Home textiles industry is amongst the largest home textiles industry in the world. It accounted for nearly 21.1 % of the global market share in the year 2015.

Europe is the 2nd largest home textiles market after Asia Pacific representing 26.8% of the market share worth $29 billion in the year 2015.

US home textiles market is estimated to be around $23 billion in 2015 and is expected to grow at CAGR of 3.0% to reach $27 billion by 2020.

Bed linen accounted for 32% of the market share. Europe Bed and Bath Linen segment is expected to grow at CAGR of 1.7% to reach $17 billion by 2020.

Asia Pacific

China

Asia pacific being home to approximately 60.0% of the global populations and dominant production of home textiles product region is also leader in the consumption of home textiles products. textiles products.

China is the largest manufacturer and consumer of the home textiles market. It accounted for nearly 27% of the global market share in 2015 worth $30 billion.

The region accounted for roughly 44% of the market share in 2015 worth $48 billion.

Demand for home textiles products in the Chinese market is primarily driven by increasing middle class spending on these products in the nation.

Corporate Presentation - Trident Ltd. – January 2019

Source : Fibre2Fashion

12

Indian Home Textile Industry

Home Textile – Demand in India (cid:1) India represents 3rd largest market share in Asia Pacific

home textiles market in the region. home textiles market in the region.

(cid:1) Home textiles spending in the nation is estimated to be around $4 billion in 2015 and is expected to grow fastest in the world at a CAGR of 7.2% between 2015 and 2020 to reach $5.6 billion by 2020.

Indian Home Textile Market Indian Home Textile Market

(cid:1) Favorable demographics, (cid:1) Favorable demographics, increasing disposable income, rapid urbanization and housing boom are assumed to drive the demand for the home textiles products in the Indian textiles market the Indian textiles market place in the near future.

Home Textile – Indian Export to US

Market share for US imports of cotton sheets (Yearly)

2005 - 13

2014

2015

2016

2017

YTD2018*

India

China

31%

28%

Pakistan

23%

ROW ROW

18% 18%

47%

23%

17%

13% 13%

48%

23%

17%

12% 12%

49%

22%

16%

13% 13%

50%

20%

16%

14% 14%

50%

21%

17%

12% 12%

70% Unorganised Unorganised

30% Organised

Market share for US imports of terry towels (Yearly)

2005 - 13

2014

2015

2016

2017

YTD2018*

India

China

Pakistan

ROW

31%

23%

21%

25%

37%

26%

22%

15%

38%

25%

22%

15%

40%

23%

22%

15%

39%

24%

21%

16%

39%

25%

20%

16%

*Jan – Oct 2018

Source: Otexa, Fibre2Fashion, Company Estimates

Significant Growth Opportunities – For Organised Indian Textile Manufacturers

Corporate Presentation - Trident Ltd. – January 2019

13

Textile - Financials

Sales (INR Crores)

2881 2881

3795

3719

3,091 3,091

EBIT (INR Crores) 415

300 300

263

249

FY 16

FY 17

FY18

9MFY19

FY 16

FY 17

FY18

9MFY19

Towel (In 000’ tons)

50%

48%

45%

41%

0 9

0 9

0 9

0 9

200

180

160

140

120

100

80 80

60

40

20

0

60%

55%

50%

45%

40%

35%

30%

25%

20%

Capacity Utilization

Bed Linen (In mn. meters)

50

45

60%

29%

44%

40

35

Project commissioned at the end of FY16 FY16

20

30

25

6%

15

10

5

0

5.4

43.2

43.2

43.2

70%

60%

50%

40%

30%

20%

10%

0%

Yarn (In 000’ tons)

200

180

160

140

120

100

80

60

40

20

0

91% 91%

3 0 1

97%

95%

93%

5 1 1

5 1 1

5 1 1

98%

97%

96%

95%

94%

93%

92%

91%

90%

89%

88%

FY16

FY17

FY18

9MFY19

FY16

FY17

FY18

9MFY19

FY16

FY17

FY18

9MFY19

Corporate Presentation - Trident Ltd. – January 2019

14

Capacity Utilization

Paper Business

72 GSM 86% Brightness 86% Brightness

100 GSM 92% Brightness 92% Brightness

75 GSM 88% Brightness 88% Brightness

75 GSM 90% Brightness

80 GSM 90% Brightness

70 GSM 87% Brightness

(cid:1) Recently

Launched Bond Paper

(cid:1) Eco-friendly

product in ultra- product in ultra- white shade

100 GSM 94% Brightness

Eco Eco Friendly

Wheat Straw Wheat Straw based Paper

High High Quality

Jam Free

Differentiated Product/ Brand to target distinct end consumers as per their requirements

Corporate Presentation - Trident Ltd. – January 2019

15

Paper - Financials

Sales (INR Crores)

831

872

858

723 723

EBIT (INR Crores)

199 199

160 160

273

269

FY 16

FY 17

FY18

9MFY19

FY 16

FY 17

FY18

9MFY19

Capacity Utilization (Tonnage Basis) 89%

89%

88%

89%

Copier v/s Non-Copier

200

180

160

140

120

100

80

60

40

20

0

5 7 1

FY16

5 7 1

FY17

5 7 1

5 7 1

FY18

9MFY19

Capacity Utilization

90%

88%

86%

84%

82%

80%

78%

76%

74%

72%

70%

51% 51%

9MFY19 9MFY19

49% 49%

Copier Copier

Non-Copier

Corporate Presentation - Trident Ltd. – January 2019

16

Advantage India

Competitive Cost of Production Competitive Labour, Power and Raw Material Cost; Competitive Labour, Power and Raw Material Cost; Access to advanced technology under Textile Upgradation Fund

Textiles: A Dominant Industry Employs 45 million people across the value chain; Employs 45 million people across the value chain; Strong Government support to industry

Favourable Government Policies Focus on ‘Make In India’ and Focus on ‘Make In India’ and Export Enhancement

INDIA INDIA Geography of Choice for Home Textiles

Cotton Quality & Availability Largest producer of cotton and still growing; Surplus available still growing; Surplus available for export

Qualified & Skilled Manpower Qualified & Skilled Manpower Large, young and talented workforce at a competitive though increasing cost

Global Friendly Environment Global Friendly Environment Stable democracy; comfort with global languages; Evolving practices in line with MNCs

Corporate Presentation - Trident Ltd. – January 2019

17

Why Trident Infrastructure

Largest Capacity & Largest Capacity & World Class Technology

Clientele

De-risking

Design

Marketing

Client Relationship Client Relationship

Risk Risk Management

Strong Product Strong Product Design

Market Market Intelligence

(cid:1) Integrated business

(cid:1) Longstanding

model with large

relationships with

manufacturing manufacturing

large and diversified large and diversified

capacities resulting

customer base

in operating and

located in India and

cost efficiencies.

across many

Each facility is fitted

international

with latest

markets

equipment and

state-of-the-art

technology

(cid:1) Sufficient portion of forex exposure is hedged to mitigate any adverse currency movement movement

(cid:1) More than two

decades relationships with vendors to ensure availability of quality cotton.

(cid:1) Widespread presence

across several across several geographies, diversif y risks and reduces overall dependency

(cid:1) Focus on increasing

(cid:1)Design studios and

the functionality of

our bed and bath our bed and bath

products through

innovative

manufacturing

processes

showrooms in the

United States and United States and

the United Kingdom

to showcase our

products and engage

closely with

customer

procurement teams

for real time market

updates

Corporate Presentation - Trident Ltd. – January 2019

18

Integrated Home Textile Manufacturer

Yarn

from Yarn (cid:2)(cid:2)(cid:2)(cid:2) Home Textile

Bath Linen Manufacturing Processes

Bed Linen Manufacturing Processes

100% Cotton Yarn, Compact Yarn, Air- Rich, Zero Twist, Blended Yarn, Fancy Yarn, Melange, Specialty & others

TFO-Two for One

Warping

Sizing

Warping

Weaving

Bed Linen

Bath Linen

Processing

Greige Fabric Inspection

Weaving

Solid & Printed Sheets, Top-Up Beds, Duvets, Comfort ers, Fitted Sheets, Pillow Cases, Quilts, Cases, Quilts, Decorative pillows, Coverlets & others

Luxury, Organic, Spa & Hotel, Beach, Designer , Jacquard, Dobby Texture, Celebratory, Bath Bath Mats, Bathrobes, Chec Mats, Bathrobes, Chec kered, Waffle, Infants & Kids and others

Processing

Processed Fabric

Final Inspection & Packing

Automated CSP

Fabric Fabric Inspection

Processing Processing

Printing

Spreading

Dispatch

Dispatch

Automated CSP

Fully Integrated Processes provide control over the Production Value Chain

Corporate Presentation - Trident Ltd. – January 2019

19

Strategy

• Leverage existing customer

relationship to further expand our Bed Linen business

• Continue to focus on innovation and developing value added products.

• Further strengthen our brand and market share in the growing retail textile business in India.

• Improve brand presence through multi brand outlets (MBOs) and e-commerce platforms.

Leveraging Relationship

Innovation

Enhance Brand Presence Presence

Improve Utilisation

New Geographies

Expansion

• Optimize capacity utilisation levels and • Optimize capacity utilisation levels and

• Consolidate our market position and • Consolidate our market position and

• Expand our business through organic • Expand our business through organic

continue to improve operational efficiencies

target new markets to diversify customer base geographically to further expand our Bath & Bed Linen business

growth and strategic inorganic opportunities.

Our Mission is to Emerge as a Trusted Partner to the Top Global Retailers & Fashion Houses

Corporate Presentation - Trident Ltd. – January 2019

20

Focus on Innovation and Value Added Products

• •

• •

Superior Cotton Yarn Feather Soft Sheet Enhanced Lustre & Vibrant Shades Vibrant Shades Everlasting Touch Superior Softness

• All Season Sheet Superior Softness • Breathable • • Moisture Wicking • Dry Comfort

Super Soft

• Moisture Wicking

Breathable

Luxury Sleep Comfort

• Durable Compact Yarn • Quick Dry • Super Soft • Moisture Management • Moisture Management • Breathable

• Bio Softness

• Renewable

• Reduced Carbon

Foot Print

• Natural Finish

Continuous Research on Fashion & High Value Products to Improve Contribution

Corporate Presentation - Trident Ltd. – January 2019

21

Way Forward

(cid:1)We will keep focusing on increasing capacity utilization with better Product Mix, thereby benefit from operating leverage Mix, thereby benefit from operating leverage

(cid:1)Keep increasing Yarn’s captive utilization, which will reduce price volatility risk and improve margins

(cid:1)Focus on improving Cashflow generation and follow prudent Capital Allocation Allocation

(cid:1)Keep focusing on de-risking in multiple dimensions

(cid:1)Keep Reducing Debt out of Regular Cash Flows (cid:1)Keep Reducing Debt out of Regular Cash Flows

(cid:1) Focus on profitable growth to create long term sustainable value for all stake holders

Corporate Presentation - Trident Ltd. – January 2019

22

CSR Initiatives

Health

Free medical consultation, tests & medicines; Free eye surgeries; Mobile dispensary for free primary health care

Best Performer in Energy Saving by Bureau of Energy Efficiency, Govt.of India

Education & Education & Welfare

Women Empowerment

Water & Energy Conservation

Saakshar - Adult education; IL&FS partnership; Students received free note books across schools; Flour sacks, pre books across schools; Flour sacks, pre owned belongings distributed across villages

Supporting sole earning women; 50+ women in leadership; Providing Training to 200+ women making marketable crafts products

PHD Chamber Award for Outstanding Contribution to Social Welfare for 2016 Social Welfare for 2016

Energy Conservation Award 2015-2016 received from IPMA & Ministry of Power

National Award for Excellence in Energy Management from CII Management from CII

Contribution towards Nirmal Narmada Project & Swachh Bharat; Received numerous awards in Energy Conservation

Excellence in Water Management 2016 from CII

Corporate Presentation - Trident Ltd. – January 2019

23

Awards & Accolades

Accredited with ‘Egyptian Gold Seal’ for Yarn, Terry Towel & Bed Linen & Bed Linen Products from ‘Cotton Egypt Asso.’

Northern Region ‘Export Excellence Award’ in ‘Star Trading House-Non-MSME’ House-Non-MSME’ (cid:1) ‘Gold Trophy’ 2nd Set (cid:1) ‘Silver Trophy’ 1st Set

IWAY Well Developed Supplier Supplier for IKEA

JC Penney Platinum Certification Certification Status for 2017

Excellence in Operations in Quality Award for Award for FY17 from IKEA

Certified for the coveted Sustainable Textile Production (STeP), permitting to use the OEKO-TEX® to use the OEKO-TEX® “MADE IN GREEN” label for Home Textile products

22

1

1 1

4

4

2

1

1

1

1

TEXPROCIL Export Performance Awards ‘Supplier Achievement in Excitement 2016’ Award from Sam’s Club USA ‘Best Quality Award 2016’ from SEARS HOLDING ‘Best Quality Award 2016’ from SEARS HOLDING

Wal-Mart Supplier of the Year awards

JCPenney - Best Supplier, Innovation, Quality Awards

IKEA Quality and Sustainability Awards

PHD Chamber- Outstanding Contribution to Social Welfare

PHD Chamber for women empowerment - Astitva Samman

Best Performer Energy Saving by Bureau of Energy Efficiency, Govt.of India Confederation of Indian Textile Industry (CITI) Award for Excellence

6

2

1 1

1

1

4

1

4

1

4

CII – Confederation of Indian Industry

National Energy Conservation Awards

IPMA - Energy Conservation Award IPMA - Energy Conservation Award

Niryat Shree – FIEO Awards

ASSOCHAM Leadership Award (CEO), 2016

Punjab Safety Awards

D&B – ECGC: Exporter’s Excellence Awards

Corporate Governance & CSR Awards

SEEM National Energy Management Award 2016

PMI India Project of the Year ‘Large’ Category

Corporate Presentation - Trident Ltd. – January 2019

24

Financial Performance

Revenue (INR Cr)

EBIDTA (INR Cr)

EBITDA

EBITDA Margin%

9 7 7 3

4 4 7 3

3 7 7 4

0 7 6 4

20.4% 20.4%

20.8% 20.8%

19.6%

18.4%

5 9 6

3 6 7

2 9 9

4 1 9

1200

1000

800

600

400

200

0

21.0%

20.5%

20.0%

19.5%

19.0%

18.5%

18.0%

17.5%

17.0%

FY15 FY15

FY16 FY16

FY17 FY17

FY18 FY18

FY15

FY16

FY17

FY18

PAT (INR Cr)

PAT

PAT Margin%

Dividend Payout Ratio

400

350

300

250

200

150

100

50

0

3.1% 3.1%

8 1 1

6.5%

7.1%

5.6%

2 4 2

7 3 3

4 6 2

8.0%

7.0%

6.0%

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

29%

23%

27%

35%

FY15

FY16

FY17

FY18

FY15

FY16

FY17

FY18

Corporate Presentation - Trident Ltd. – January 2019

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Net Debt

D/E Ratio

Net Worth (INR Cr)

Net Worth

ROE

Financial Performance

4000

3500

3000

2500

2000

1500

1000

500

0

6000

5000

4000

3000

2000

1000

0

Net Debt (INR Cr.) 1.4

1.2 1.2

6 3 6 2

1.0

4 1 7 2

1 2 4 3

0.9

1 2 6 2

1.6

1.4

1.2

1.0

0.8

0.6

0.4

0.2

0.0

FY15

FY16

FY17

FY18

Capital Employed

Capital Employed

ROCE

9.3%

5 3 0 4

8.1%

0 1 1 5

12.2%

10.3%

6 5 7 4

9 2 9 4

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

FY15

FY16

FY17

FY18

2500

2000

1500

1000

500

0

5000

4500

4000

3500

3000

2500 2500

2000

1500

1000

500

0

8.1%

5 5 4 1

17.0% 17.0%

13.9% 13.9%

12.4% 12.4%

2 4 7 1

1 8 9 1

3 3 1 2

18.0%

16.0%

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

FY15

FY16

FY17

FY18

Fixed Assets

Fixed Assets

Assets Turnover

1.2

0.8

1.1

1.1

6 8 0 3

FY15

4 5 7 4

7 6 4 4

6 4 2 4

FY16

FY17 *Excludes fair valuation of land as per IND – AS ; Figures are annualized

FY18

1.4

1.2

1.0

0.8

0.6

0.4

0.2

0.0

Corporate Presentation - Trident Ltd. – January 2019

26

Key Ratios

Particulars (INR crore)

Return on Capital Employed*

Return on Equity*

Interest Coverage Interest Coverage

Net Debt to Equity

Net Debt / EBITDA

FY18

10.3%

12.2%

7.7 7.7

0.9

2.9

FY17

12.2%

17.0%

7.0 7.0

1.0

2.7

FY16

8.1%

13.9%

5.7 5.7

1.4

4.1

*Excludes fair valuation of land as per IND – AS ; Figures are annualized *Excludes fair valuation of land as per IND – AS ; Figures are annualized

Credit Rating:

(cid:1) CARE AA- (LT Bank Facilities) (cid:1) CARE A1+ (ST Bank Facilities)

CP Rating:

(cid:1) A1+ (India Ratings)

Corporate Presentation - Trident Ltd. – January 2019

27

Balance Sheet (S)

Particulars (INR crore)

As on Mar 31, 2018

As on Mar 31, 2017

Particulars (INR crore)

As on Mar 31, 2018

As on Mar 31, 2017

Source of Funds Source of Funds

Application of Funds Application of Funds

2908.7

2756.8

Non Current Assets

Equity

Equity Share Capital

Other Equity

Non-Current Liabilities

Borrowings

Deferred Tax Liabilities

Other Non Current Liabilities

509.6

2399.1

1692.7

1410.8

213.2

68.7

497.8

2258.9

1990.5

1744.2

165.5

80.7

Current Liabilities

1695.7

1436.7

Financial Liabilities Financial Liabilities

1645.9 1645.9

1376.1 1376.1

Provisions

Other Current Liabilities

13.9

36.0

20.7

39.9

Property, Plant & Equipment

Capital Work-in-Progress

Intangible Assets

Intangible Assets under devp.

Financial Assets Financial Assets

Other Non Current Assets

Current Assets

Inventories

Financial Assets - Investments - Trade Receivables - Cash & Cash Equivalents - Cash & Cash Equivalents - Other Bank Balances - Other Financial Assets

Other Current Assets

4468.4

4019.5

176.1

49.8

0.5

112.4 112.4

110.0

1828.7

906.5

10.9 477.8 47.4 47.4 118.5 166.9

100.7

4676.9

4308.0

109.8

36.7

13.4

137.0 137.0

71.9

1507.1

774.7

4.9 375.1 27.8 27.8 104.8 146.1

73.6

TOTAL

6297.1

6184.0

TOTAL

6297.1

6184.0

Corporate Presentation - Trident Ltd. – January 2019

28

For more information about us, please visit www.tridentindia.com

Pawan Jain Investor Relations, Trident Ltd. Investor Relations, Trident Ltd. Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: pawanjain@tridentindia.com,

Thank You

Corporate Presentation - Trident Ltd. – January 2019

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