TRIDENTNSE12 August 2021

Trident Limited has informed the Exchange about Investor Presentation

Trident Limited

TRIDENT/CS/2021 August 12, 2021

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

Scrip Code:- TRIDENT

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

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 the Investors’ Presentation with respect to the performance of the Company for the Quarter ended June 30, 2021, for analysts and institutional investors.

We request you to kindly place the same on the website of stock exchange(s), for the information of shareholders.

The same is also available on the website of the Company i.e. www.tridentindia.com.

Thanking you Yours faithfully For Trident Limited

(Ramandeep Kaur) Company Secretary ICSI Membership No.: F9160

Encl: As above

12/08/2021

TL/2021/012580

Investor Presentation- June 2021

Trident Limited

Home Textile I Paper

Safe Harbour

This presentation has been prepared by Trident Limited (the (cid:862)Company(cid:863)) 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 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 Co(cid:373)pa(cid:374)y’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended.

Investor Presentation - Trident Ltd.

Index

Trident at a Glance

Industry Dynamics

Business Moats

Financial performance

Committed to the ESG and Women Empowerment

Future outlook

Trident at a Glance

Tride(cid:374)t’s Tra(cid:374)sfor(cid:373)atio(cid:374) Journey

 Inception: Started as a

yarn manufacturer in 1990 with just 17k spindles

 Forayed into Terry Towel

in 1998-99

 Entered into Paper,

Chemical & Energy segment

 Enhanced capacity

expansion in Yarn and Terry towel



 

Horizontal diversification into segments such as Bed Linen #1

in North India for Branded Copier segment

Strengthened presence in E- commerce and domestic market Secured 10 patents

Value Addition & Consolidation Phase

2010- 2020

Transition & Diversification Phase

2000- 2010

Started as a Commodity Player

1990- 2000

 Make Trident a National Brand  Digital Trident – Completing

Industry 4.0 Journey

VISION 2025

2020- 2025



Grow to INR 250,000 mn revenue by 2025 with 12% bottom line

Investor Presentation - Trident Ltd.

Tride(cid:374)t’s – A distinctive Entity

USD1bn+ Business group

150+ countries

16,000+ employees

73% Revenue from exports in Q1 FY22

46+ E-com website presence

100Mn+ Market Cap

Leading Integrated home textile manufacturers  World’s Largest Wheat Straw Based Paper Manufacturer  World-class Infrastructure  Best-in-class technology

 Recipient of Corporate & Customer Partner Awards

Investor Presentation - Trident Ltd.

Shareholding and Dividend Payout

Key Market Statistics (12th August 2021) (INR)

BSE Ticker

NSE Ticker

Bloomberg code

Reuters

Market Price

Market Cap (in million)

Outstanding shares (in million)

Face value per share

52 week low/high

Presence in India

Corporate office

Manufacturing facilities

521064

Trident

TRID:IN

TRIE.NS

20.5

1,04,468

5096

6.25/22.65

Ludhiana, Punjab

Sanghera & Dhaula, Punjab Budhni, Madhya Pradesh

Marketing offices

Mumbai, Gurgaon

Stock price movement

4.3

7.0

6.7

9.9

14.1

20.7

Mar-20

Jun-20

Sep-20

Dec-20 Share Price

Mar-21

Jul-21

Shareholding pattern (June 2021)

25%

27% 5 1 0

FY17

Promoters

Non-Promoters- Non Public

Public

73%

Dividend

50%

0 3 0

35%

5 1 0

65%

53%

6 3 0

FY18 Dividend

FY19

FY20

FY21

Dividend payout ratio

Investor Presentation - Trident Ltd.

Industry Dynamics

Home Textile Industry

Global Home Textile Industry (USD Billion)

Indian Home Textile Industry (USD Billion)

CAGR 5%

CAGR 8%

▪

US continue to be largest consumer of Home Textile followed by Europe



Abundant availability of raw material and manpower



Huge Domestic Potential with increased focus on health and hygiene, rising per capita income and increasing focus on Indian retail sector

2005

2010

2015

2019 2025 (P)

2014

2018

2021 (P)

Major home textile exporters

India dominates the home textile industry in major economies

United States (Jan-June 2021)

European Union (Jan-Apr 2021)

15%

44%

18%

62%

42%

16%

32%



Home Textiles

Export Value (USD bn)

Market share

37%

11%

21%

20%

11%

Bath Linen

Bed Linen

India

Pakistan

China

Bath Linen Others

Source: IBEF, Indian Textile and Apparel, May 2021

Investor Presentation - Trident Ltd.

33%

56%

Bed Linen

Paper Industry

Global paper industry

Paper consumption in India

Growth Drivers in Indian Paper Industry

CAGR 5%

886

(USD billion)

838

1,080

(million tons)

Greater emphasis on education by the government

Robust growth in organized retail as well as e-commerce

2020

2021

2025

2021

2025

Market dominance in global paper industry

39%

35%

26%

APAC

North America

Others

Growing demand for better quality paper in writing and printing segment

Complete ban or linked use of plastic in carry bags and packaging

Rising healthcare spends, over the counter medicines

Increasing preference for ready-to-eat foods and better packaging of FMCG products

Investor Presentation - Trident Ltd.

Business Moats

Leading Integrated Home textile Manufacturer

Yarn

From Yarn → 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, Comforters, Fitted Sheets, Pillow Case, Quilts, Decorative pillows, Coverlets & others

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

Processing

Processed Fabric

Final Inspection & Packing

Automated CSP

Fabric Inspection

Processing

Printing

Spreading

Dispatch

Automated CSP

Fully integrated processes provide control over the production value chain

Investor Presentation - Trident Ltd.

Our Global Presence

Global footprint across 6 continents and 150 countries

Trident Europe Ltd. First Floor, Sovereign House, Stockport Road, Cheadle, Cheshire, England – SK82EA Trident UK Office

Corporate Headquarters

Manufacturing Unit

Sales / Liaisoning Office

Warehousing & Distribution Set up

Trident NYC Office US Office: 295, Fifth Avenue, Suite 612, New York, NY 10016, USA

Trident Head Office

Trident Presence

Investor Presentation - Trident Ltd.

Creating differentiation across brands & products

Domestic home textile brands

International home textile brands

Marquee Customers

Bed

Bath

Tride(cid:374)t’s ho(cid:373)e te(cid:454)tile (cid:271)ra(cid:374)ds are a(cid:272)ross a ra(cid:374)ge of lu(cid:454)ur(cid:455), pre(cid:373)iu(cid:373), esse(cid:374)tials, e(cid:454)(cid:272)lusive a(cid:374)d gifti(cid:374)g produ(cid:272)ts

Investor Presentation - Trident Ltd.

World’s largest wheat straw-based paper manufacturer

12% Market share in Indian copier segment

30% Market share in NCR and North India

175,000 MT Annual capacity

85% Capacity utilization in Q1 FY22

Original logos

Uses wheat straw, a by-product of wheat - an eco-friendly raw material

Lowest raw material to sales ratio among peers

Easy procurement at attractive pricing as Punjab is the highest wheat-producing state

Marquee Customers

Best of Technology to ensure lower operating expenses

Venturing into Value Added Products such as Antibacterial notebooks, Stiffener Board and Kraft paper

Double digit contribution in FY21 from value added products segment

Investor Presentation - Trident Ltd.

Financial Performance

Balance Sheet

Particulars (INR million)

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

Recent performance

March 31, 2019

March 31, 2020

March 31, 2021

5096

24216

24358

4083

3279

61032

156

10010

6620

36725

7426

61032

5096

24573

19518

3367

4630

57184

3183

190

9120

2785

35734

6172

57184

5096

28070

15355

3208

5813

57542

984

139

10083

4545

36979

4812

57542

▪ Net Debt reduced from INR

16,145 million in FY20 to INR 14,232 million in FY21

▪ Total Repayment of INR 10,343 million in FY21 including prepayment of term loans amounting more than INR 6500 million

▪ Commercial production of yarn project with 61,440 spindles and 480 rotors has begun recently.

Investor Presentation - Trident Ltd.

P&L Statement

Particulars (INR million)

FY19

FY20

FY21

Q1 FY21

Q1 FY22

Recent performance and growth

Total Income

EBITDA

Depreciation

EBIT

Finance cost

Exceptional Items

Profit before tax

Tax

52,653

47,240

45,353

10,231

3639

6592

1123

5469

1760

8653

3333

5320

1108

8270

3365

4905

720

-266

4212

4451

794

994

Profit after tax

3709

3418

3457

7134

1187

824

363

231

132

101

14,799

3825

874

2950

250

2700

665

2035

EPS (Actuals)

0.73

0.67

0.68

0.02

0.41

Cash Profit

7348

6751

6822

925

2909

▪ Total Revenue for the FY 21 stood at INR

45353 Mn, slightly less than FY 20 owing to primarily the low sales in Q1 FY20 in which the operations of the Company were hampered by lockdown

▪ 35% reduction in Finance Cost in FY21

reduced to INR 720 Mn, as compared to INR 1108 Mn in FY20

▪ EBITDA Margin stood at 18.23% in 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

Investor Presentation - Trident Ltd.

Financial Ratios

NET DEBT

Net debt to EBITDA

300 00

250 00

200 00

150 00

100 00

500 0

525 00

475 00

425 00

375 00

325 00

275 00

225 00

175 00

125 00

750 0

250 0

2.7 1.0

1 2 1 7 2

2.8 1.0

0 1 2 6 2

2.3

0.8

6 0 1 4 2

1.8

1.7

0.5

5 4 1 6 1

0.4

2 3 2 4 1

FY21

FY17

FY18

FY19

FY20

Net Debt (in INR million)

D/E Ratio

CAPITAL EMPLOYED

11.9%

10.5%

14.1%

12.6%

11.8%

5 5 8 8 4

5 0 0 8 4

3 6 7 6 4

6 3 3 2 4

7 6 6 1 4

NET WORTH

18.6%

16.6%

15.0%

13.2%

1.2

1.0

0.8

0.6

0.4

0.2

0.0

16. 0%

14. 0%

12. 0%

10. 0%

8.0 %

6.0 %

4.0 %

2.0 %

0.0 %

300 00

250 00

200 00

150 00

100 00

500 0

440 00

430 00

420 00

410 00

400 00

390 00

380 00

370 00

360 00

350 00

0 6 1 8 1

FY17

1.1

2 7 8 2 4

13.3%

7 2 0 0 2

5 0 4 2 2

9 5 7 2 2

FY18

FY19

Net Worth (in INR million)

FY20

ROE

FIXED ASSETS

1.1

1 8 7 0 4

1.3

8 7 4 8 3

1.2

0 6 2

8 3

20. 0%

18. 0%

16. 0%

14. 0%

12. 0%

10. 0%

8.0 %

6.0 %

4.0 %

2.0 %

0.0 %

2.0

1.8

1.6

1.4

1.2

1.0

0.8

0.6

0.4

0.2

0.0

6 5 2 6 2

FY21

1.2

2 4 5 8 3

FY17

FY18

FY19

FY20

FY21

FY17

FY18

FY19

FY20

FY21

Capital Employed (in INR million)

ROCE

Fixed Assets (in INR million)

Assets Turnover

Investor Presentation - Trident Ltd.

Financial Performance

REVENUE

EBITDA

56%

54%

58%

56%

67%

3 9 3 8 4

3 0 4 6 4

3 5 6 2 5

0 4 2 7 4

3 5 3 5 4

FY17

FY18

FY19

FY20

FY21

Revenue (in INR million)

Exports

PBT

10%

9 6 4 5

5 8 3 4

8 1 9 3

2 1 2 4

10%

2 5 4 4

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 %

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

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

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

21%

20%

19%

18%

9 1 9 9

0 4 1 9

2 9 2 0 1

3 5 6 8

0 7 2 8

FY17

FY18

FY19

FY20

FY21

EBITDA (in INR million)

EBITDA Margin

PAT

9 0 7 3

8 1 4 3

0 7 3 3

9 5 6 2

FY17

FY18

FY19

FY20

FY21

PBT (in INR million)

PBT margin

FY17

FY18

FY19

PAT (in INR million)

FY20 PAT margin

Investor Presentation - Trident Ltd.

35. 0%

30. 0%

25. 0%

20. 0%

15. 0%

10. 0%

5.0 %

0.0 %

12. 0%

10. 0%

8.0 %

6.0 %

4.0 %

2.0 %

0.0 %

7 5 4 3

FY21

Segmental Performance Annual

s e

l i t x e T e m o H

r e p a P

450 00

400 00

350 00

300 00

250 00

200 00

120 00

100 00

800 0

600 0

400 0

200 0

Revenue Mix

Capacity -Towels (cid:894)in 000(cid:859)tons(cid:895)

Capacity-Bed Linen (In mn meters)

10%

9 8 3 9 3

9 2 2 2 4

6 7 7 7 3

9 9 7 7 3

10%

1 6 1 8 3

FY17

FY18

FY19

FY20

FY21

Sales (in INR million)

EBIT Margin

100

12. 0%

10. 0%

8.0 %

6.0 %

4.0 %

2.0 %

0.0 %

53%

50%

49%

48%

45%

0 9

FY17

FY18 Capacity

FY19

FY20

FY21

Utilization

54%

52%

50%

48%

46%

44%

42%

40%

100

29%

2 3 4

FY17

44%

2 3 4

FY18 Capacity

80%

63%

60%

2 3 4

FY19

2 3 4

FY21

FY20 Utilization

Revenue Mix

Copier vs Non-Copier Revenue Mix

Capacity Utilization (Tonnage Basis)

26%

7 4 7 8

32%

37%

34%

9 7 5 8

0 7 9 9

5 2 2 9

26%

1 4 0 7

40. 0%

35. 0%

30. 0%

25. 0%

20. 0%

15. 0%

10. 0%

5.0 %

0.0 %

52%

48%

Copier

Non-Copier

180

160

140

120

100

89%

86%

79%

5 7 1

FY17

FY18

FY19

FY20

FY21

90%

80%

70%

60%

50%

40%

30%

20%

10%

95%

85%

75%

65%

55%

45%

35%

25%

15%

FY17

FY18

FY19 Sales (in INR million)

FY20

FY21 EBIT Margin

(% of total revenue)

Investor Presentation - Trident Ltd.

(FY21)

Capacity

Utilization

Segmental Performance Quarterly

s e

l i t x e T e m o H

r e p a P

145 00

125 00

105 00

850 0

650 0

450 0

250 0

500

250 0

200 0

150 0

100 0

500

Revenue Mix

Capacity -Towels (cid:894)in 000(cid:859)tons(cid:895)

Capacity-Bed Linen (In mn meters)

2% 7 5 8 5

11%

8 1 3 1 1

21%

1 2 8 2 1

Q1 FY21

Q4 FY21

Q1 FY22

Sales (in INR million)

EBIT Margin

25. 0%

20. 0%

15. 0%

10. 0%

5.0 %

0.0 %

29%

0 5

2 2

61%

62%

0 5

2 2

0 5

2 2

70%

60%

50%

40%

30%

20%

10%

38%

8 0 1

92%

85%

8 0 1

Q1 FY21

Q4 FY21

Q1 FY22

Q1 FY21

Q4 FY21

Q1 FY22

Utilization

Revenue Mix

Copier vs Non-Copier Revenue Mix

Capacity Utilization (Tonnage Basis)

28%

4 8 1 2

30%

0 5 9 1

31. 0%

30. 5%

30. 0%

29. 5%

29. 0%

28. 5%

28. 0%

27. 5%

27. 0%

26. 5%

26. 0%

66%

28%

3 2 2 1

Q1 FY21

Q4 FY21 Sales (in INR million)

Q1 FY22 EBIT Margin

(% of total revenue)

34%

Copier

Non-Copier

56%

5 7

3 4

92%

85%

5 7

3 4

5 7

3 4

Q1 FY21

Q4 FY21

Q1 FY22

(Q1 FY22)

Capacity

Utilization

Investor Presentation - Trident Ltd.

100 %

90%

80%

70%

60%

50%

40%

30%

20%

10%

105 %

95%

85%

75%

65%

55%

45%

35%

25%

15%

Q1 FY22 performance P&L

TOTAL INCOME (INR Mn)

14799

107%

Q1 FY21: 7134

PBT (INR Mn)

2700 1946%

Q1 FY21 : 132

EBIDTA (INR Mn)

3825 222%

Q1 FY21 : 1187

PAT (INR Mn)

2035 1915%

Q1 FY21 : 101

EBIT (INR Mn)

2950 713%

EPS (INR)

0.41

0.39

Q1 FY21 : 363

Q1 FY21 : 0.02

Recent performance and growth

▪ Q1 have seen robust growth of 107% on Y-o-Y basis driven by Home Textile segment with Bath and Bed Linen Segment registering revenue growth of 134% and 80% on Y-o-Y basis respectively

▪ Sheeting segment registered 85% capacity utilization

during the quarter

▪ 73% of total revenue in Q1 from Exports ▪ Paper business in Q1 saw growth of 59% on Y-o-Y basis ▪ EBITDA Margin stood at 25.8% for Q1 FY 22 as

compared to 16.6% for Q1 FY21.

▪ With government extending RoSCTL benefits, export incentives of 1190.5 million has been recognized during the Q1 FY22 out of which 579.3 million relates to eligible export sales of Q4 FY21.

▪ Adjustment for RoSCTL impact: Adjusted EBITDA for Q1 FY22 stands as Rs. 3245.21 million an Adjusted EBITDA Margin is 22.82% for the Q1 FY22

Investor Presentation - Trident Ltd.

Q1 FY22 performance B/S

GROSS DEBT (INR Mn)

NET DEBT (INR Mn)

14422

-933Mn

12320

-1912Mn

FY21: 15355

FY21 : 14232

LT DEBT (INR Mn)

3773 754Mn

FY21 : 3019

CASH & EQUIVALENTS (INR Mn)

2102

FY21 : 1123

NET DEBT/EQUITY

NET DEBT/EBIDTA*

0.35

FY21: 0.42

0.95

FY21 : 1.72

Recent performance and growth

▪ Liquidity position has improved as cash and cash equivalents

amount for Rs. 2102 million as on 30th June 2021, against Rs. 1123 million as on 31st March 2021

▪ Net Debt reduced by Rs. 1912 million to Rs. 12319.8 million as on 30th June 2021 against Rs. 14231.9 million as on 31st March 2021

Debt Composition

979Mn

Particulars (in INR million)

30-Jun-21

31-Mar-21

Gross Debt

-Term Loans

Existing Loans Fresh Capex Loans NCD

-Working Capital Net Debt

14421.5 3773.0 6.4 2516.6 1250.0 10648.5 12319.8

15355.1 3019.0 19.0 1750.0 1250.0 12336.1 14231.9

*Net Debt/EBITDA is calculated after adjusting RoSCTL amount of INR 579.3 million pertaining to Q4 FY21

Investor Presentation - Trident Ltd.

Committed to the ESG and Women Empowerment

Environmental, Social and Governance

25% Less water consumption1

600,000+ Green belt of trees

5,000+ Trees saved/day

17,000+ Partnership with farmers

✓ Less than half CO2 emission with use of wheat straw paper vs wood pulp

✓ Conversion of waste to energy in

Budni plant

✓ Nirmal Narmada Abhiyaan every quarter to keep river

Narmada clean

✓ Revamp existing facilities, provide infrastructure and

basic facilities to schools and anganwadis

✓ Sewing machines and handicrafts-making training

under Hastakala initiative for women

✓ Vending machines to obtain free sanitary napkins

✓ Free consultations and medication for more than

100,000 people in rural areas

India Rating AA (Stable Outlook): Non Convertible Debentures

CARE AA (Stable Outlook): Long term Borrowings A1+: Short Term Borrowings

Initiatives towards women empowerment

Note: 1. Based on global benchmark

✓ 3 times National Recognition for Good Corporate

Governance

✓ 1 National Award for Excellence in Corporate

Governance

✓ 2 times stood among the Top 25 Indian Corporates

adopting Good Corporate Governance

CRISIL

AA- (Positive Outlook): Long Term Borrowings A1+: Short Term Borrowings

D&B

5A1: Business Rating

Investor Presentation - Trident Ltd.

Led by Eminent Board

Eminent board of directors

Rajiv Dewan Chairman and Independent Director

Rajinder Gupta Co-Chairman and Non-Executive Non-Independent Director (Earlier – MD from 1992 till 2012)

Dinesh Kumar Mittal Independent Director (Former Indian administrative services officer)

Usha Sangwan Independent Woman Director

Pooja Luthra Non-Executive & Non- Independent Director

Deepak Nanda Managing Director

 

Independent Chairman

83% Non-Executive Directors

2 Woman Directors

50% Independent Directors

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

“The quarterly performance has been remarkable despite uncertainties due to Covid-19 and we shall continue to drive with focused and futuristic initiatives to build an organisation more dy(cid:374)a(cid:373)i(cid:272) a(cid:374)d disti(cid:374)(cid:272)tive tha(cid:374) ever (cid:271)efore, (cid:272)reati(cid:374)g value for stakeholders(cid:863).

Investor Presentation - Trident Ltd.

Future strategy and outlook

Advantage of Home Textile

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 (cid:858)Make in India(cid:859) ▪ 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

Investor Presentation - Trident Ltd.

Future prospects

Vision 2025 3 BHAGs (BIG, HAIRY, AUDACIOUS GOALS)

Unlock long term shareholder value

OBJECTIVES

Grow to Rs 250,000 Mn by 2025 with 12% bottom line

Making Trident a National Brand

Digital Trident- Manoeuvring through Industry 4.0 Journey

IMPERATIVES

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

E-commerce – The way forward

46+ Online presence on e-commerce websites

17+ Expansion to countries in last 12 months

50+ Dedicated members to e-commerce team

237% Q1 FY22 YoY growth e-commerce own brand revenue



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

Investor Presentation - Trident Ltd.

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

Abhinav Gupta/ Ajay Singla Investor Relations, Trident Limited Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: corp.relations@tridentindia.com

Thank You

Investor Presentation - Trident Ltd.

← All Transcripts TRIDENT Stock Page →

Trident Limited has informed the Exchange about Investor Presentation

Market Movers