Trident Limited has informed the Exchange regarding Investor Presentation
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
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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
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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
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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
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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
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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
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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
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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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