#1ECO GREEN 4 75 G ECO GREEN Trident Limited Q3 FY21 Earnings Presentation soft comfort TRIDENT™ HOME DECOR | DESIGN The World's Finest Colors EPITOME HOME elegance ARTIZE TRID TRIDE TRIDENT GROUP Dusk & Dawn feather ch TRID TRID TRID TRID NATURAL NATURAL SPECTRA SPECTRA ROYAL TOUCH ROYAL TOUCH MY CHOICE AA TO GOM MY CHOICE DIGIPRINT DIGIPRINT SPECTRA BOND TEGRAT INDULGENCE ORGANICA#2Safe 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. 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TRIDENTGROUP™ Q3 FY21 Earnings Presentation - Trident Ltd. 2#3Overview Textiles Largest Player in terms of Terry Towel Capacity & One of the largest players in Home Textile Space in India Paper Highest Operating Margin among Key Listed Players in India Revenue Split between segments 9M FY21 FY20 FY19 FY18 TRIDENTGROUP™ 54% 51% 66% 48% Bath & Bed Linen 26% 30% 33% Yarn TRID TRID TRID TRID TRID TRID TRIDENTROUP ECO GREEN NATURAL SPECTRA 18% One of the Leading Business Groups with interest in Textiles and Paper Q3 FY21 Earnings Presentation - Trident Ltd. ROYAL TOUCH MY CHOICE DIGIPRINT SPECTRA BOND 16% 20% 19% 19% Paper 3#4Snapshot Key Market Statistics BSE Ticker NSE Ticker Bloomberg Code Reuters Market Price (Rs) Market Cap (INR Crore / USD Mn) Number of Outstanding Shares (Crore) Face Value 52-week High/Low (Rs.) 18-Jan-2021 521064 Trident TRID:IN TRIE.NS 14.90 7593/1040 Marketing Offices (Intl.): 509.60* Global Presence Corporate Office: Manufacturing Facilities at: Marketing Offices (India): Ludhiana, Punjab Sanghera & Dhaula, Punjab Budni, Madhya Pradesh Mumbai, Gurgaon Kolkata, Bengaluru New York, United States Cheshire, United Kingdom Rs. 1 per share 16.95/3.05 Shareholding Pattern - 31st Dec, 2020 Category Promoters Public TRIDENTGROUP Dec, 2020 Sep, 2020 73.02% 71.84% 26.98% 28.16% TRIDENT GROUP TRIDENTGROUP TRIDENTGROUP TRIDENTGROUP TRIDENT GROUP TRIDENTGROUP *Each equity share having face value of Rs 10 each has been split into 10 equity shares with face value of Rs 1 each. Accordingly previous year figures have been recomputed TRIDENTGROUP™ Q3 FY21 Earnings Presentation - Trident Ltd.#5Evolution TEXTILES ■ Inception Set-up 1st Spinning Unit Facility ■ Entered Home Textile with 1st Towel Manufacturing Unit ■ Set up Spinning Unit - II Augmented Towel with Unit-II set up Spinning with Unit- III set up ■ Set-up Towel Unit - III; ■ Added Spinning Units IV, V & VI ■Set-up Towel Unit-IV & First Bed Linen Unit ■ Added Spinning Units - VII, VIII, IX & X ■Launched Textile Brands Revenue (INR Cr) PAPER 1990-95 § 47 294 1996-00 706 2001 - 05 2006-10 米 2001-05 ■ Acquired Paper Manufacturing Facility along with Captive Power CAGR ~20% 1803 2006-10 2011 16 2011-16 Set-up Paper Unit II ■ Set-up Captive Power Facility ■Launched Paper Brands 4724 3816 3183 FY 95 FY 00 FY 05 FY 10 FY 15 FY 20 Transformed from a Pure Play Yarn Player to an Integrated Textiles and Paper Manufacturer TRIDENTGROUP™ Q3 FY21 Earnings Presentation - Trident Ltd. 9M FY 21 5#6Key Highlights - P&L Q3 FY21 TOTAL INCOME (INR CR) 1295 19% Q3 FY20: 1091 EBIDTA (INR CR) 300 Q3 FY20:154 EBIT (INR CR) 95% 217 206% Q3 FY20 : 71 TRIDENTGROUP™ PBT (INR CR) 204 325% Q3 FY20: 48 PAT (INR CR) 160 281% Q3 FY20 : 42 EPS (INR) 0.32 0.24 Q3 FY20: 0.08 ■ Home Textile segment sustained the demand momentum in current quarter with Bath and Bed Linen Segment registering revenue growth of 45% and 81% on Y-o-Y basis respectively ■ Sheeting segment registered 100% capacity utilization during the quarter ■ Exports contributed to be robust with 67% contribution to total revenue for the quarter ■ Yarn business registered 30% Q-o-Q growth in revenue. 55% of yarn produced got captively consumed within Home Textile segment ☐ Paper business volumes have increased marginally in current quarter however realizations continue to face pressure due to Covid-19 impact ■ EBITDA Margin stood at 23% in Q3 FY21. Excluding exceptional items, EBIDTA for the quarter stood at 19% Q3 FY21 Earnings Presentation - Trident Ltd.#7Key Highlights - B/S as on Dec 31, 2020 NET DEBT (INR CR) LT DEBT (INR CR) 987 -627Cr 352 FY20: 1614 -699Cr FY20: 1051 Repayment of Long Term Debt by INR 870 Crores in 9M FY21 including prepayment of term loans amounting to INR 568 Crores ■ Net Debt reduced significantly as on Dec 31, 2020 to INR 987 Crores as compared to Mar 31, 2020 level of INR 1614 Crores Particulars 31 Mar 20 31 Dec 20 NET DEBT/EQUITY NET DEBT/EBIDTA Gross Debt 1951.8 1058.7 0.3 1.1 -Term Loans 1050.9 226.8 FY20 : 0.5 FY20 : 1.9 Existing Loans 1024.4 157.2 Fresh Capex Loans 26.5 69.6 REPAYMENT (INR CR) 870 9M FY20: 258 CASH PROFIT (INR CR) 519 -NCD 125.0 -Working Capital 900.0 706.9 9M FY20: 554 Net Debt 1614.5 986.8 TRIDENTGROUP™ Q3 FY21 Earnings Presentation - Trident Ltd. 7#8P&L Statement (S) Particulars Q3 FY21 Q3 FY20 Shift Q2 FY21 Shift 9M FY21 Total Income 1294.9 1091.4 18.6% 1174.6 10.2% 3182.7 EBIDTA 300.2 153.7 95.3% 226.9 32.3% 645.8 Less: Except. Items (57.0) (57.0) Adj. EBITDA 243.1 153.7 32.3% 226.9 32.3% 588.8 EBITDA % 18.8% 14.1% +470bps 19.3% -54bps 18.5% Depreciation 83.0 82.2 0.9% 83.1 -0.2% 248.5 EBIT 217.2 71.5 203.9% 143.8 51.0% 397.4 Finance Cost 13.2 23.4 -43.7% 12.3 7.3% 48.6 Profit Before Tax 204 48.0 324.8% 131.5 55.1% 348.8 Profit After Tax 159.8 41.9 281.3% 100.2 59.4% 270.1 EPS (INR) 0.32 0.08 0.2 0.53 Cash Profit 242.7 124.1 95.6% 183.3 32.4% 518.6 TRIDENTGROUP™ Q3 FY21 Earnings Presentation - Trident Ltd. 8#9Dividend Payout Year Total Div% Div. Amt. (INR Per Share) Type %age Dividend Payout Ratio 3rd Interim 18% 65% FY20 36% 0.36/- 2nd Interim 9% 50% 1st Interim 9% 35% 27% Final 6% 3rd Interim 12% FY19 30% 0.30/- FY17 FY18 FY19 FY20 2nd Interim 6% 1st Interim 6% Historical Dividends (%age of Face Value) Final 3% 36% FY18 15% 0.15/- 2nd Interim 6% 30% 1st Interim 6% 15% 15% Final 3% FY17 15% 0.15/- 2nd Interim 6% 1st Interim 6% *Dividend Distribution Policy is available at www.tridentindia.com TRIDENTGROUP™ Q3 FY21 Earnings Presentation - Trident Ltd. FY17 FY18 FY19 FY20 9#10Management Comment Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: "We have continued the positive momentum from the previous quarter and delivered a strong performance in third quarter. With the launch of 'VISION 2025', the company will accelerate its growth momentum and the same will greatly enhance our ability to synchronize our efforts for better positioning of the company in all business verticals" TRIDENTGROUP™ Q3 FY21 Earnings Presentation - Trident Ltd. 10 10#11Textile - Financials Sales (INR Crores) 849 Q3 FY20 Q3 FY21 1108 Capacity Utilization EBIT (INR Crores) 14 Towel (In 000' tons) Bed Linen (In mn. meters) 62% 98% 49% 48% 29% 38% 101% 63% 60% 06 06 06 43.2 43.2 43.2 43.2 145 Q3 FY20 Q3 FY21 Yarn (In 000' tons) 92% 49% 97% FY19 FY20 Q1 FY21 Q3 FY21 FY19 FY20 Q1 FY21 Q3 FY21 FY19 FY20 Q1 Q3 FY21 FY21 Capacity Utilization TRIDENTGROUP™ Q3 FY21 Earnings Presentation - Trident Ltd. 11 115 115 115 115#12Paper - Financials Sales (INR Crores) 233 182 Q3 FY20 Q3 FY21 Capacity Utilization (Tonnage Basis) 89% 86% 56% 87% 175 175 175 175 FY19 FY20 Q1 FY21 Q3 FY21 Utilization TRIDENTGROUP™ Capacity Q3 FY21 Earnings Presentation - Trident Ltd. EBIT (INR Crores) 70 0 39 Q3 FY20 Q3 FY21 Copier v/s Non-Copier 45% Q3 FY21 55% Copier Non-Copier 12#13TRIDENTGROUP™ 4800 Financial Performance Net Debt (INR Cr.) 1.0 2621 FY18 FY19 Capital Employed 10.6% 4676 2344 0.8 0.5 1614 486 0.3 Net Debt -D/E Ratio Net Worth (INR Cr) Net Worth ROE 16.6% 15.0% 10.6% 13.3% Capital Employed ◆ROCE Fixed Assets 14.1% 1.1 12.5% 12.3% 4234 FY18 FY19 FY20 9M FY21 2003 FY20 9M FY21 FY18 FY19 FY20 9M FY21 4301 w Q3 FY21 Earnings Presentation - Trident Ltd. 4078 3848 2241 2276 Fixed Assets Assets Turnover 1.4 1.2 1.1 FY18 FY19 FY20 3826 3752 9M FY21 *Excludes fair valuation of land as per IND-AS 13 2550#14Environmental, Social and Governance E Zero Liquid Discharge Recover 1900 million litres of water every year. 25% less than benchmark Save Trees 5000+tress every day by using wheat straw for paper mfg. CO2 emissions Each trim of paper saves CO2 emissions equivalent to driving 21.7 miles in car S G TRIDENTGROUP™ SRIJANA 10,500 rural women introduced with better and hygienic ways to deal with mensuration Healthcare Mobile dispensary for door to door service in 33 tribal villages in MP Water Supply Hand pumps in 11 villages to serve 18500 people with fresh and pure drinking water Gender Equality 33% women directors on board+ 1:4 female/male ratio in workforce Independent Board 50% independent directors+ Independent Chairperson Healthy Ratings CRISIL/ CARE: AA-/A1+ D&B: 5A1 Q3 FY21 Earnings Presentation - Trident Ltd. 14#15TRIDENTGROUP™ Thank You For more information about us, please visit www.tridentindia.com Abhinav Gupta/ Ankit Mahajan Investor Relations, Trident Limited Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: [email protected]; [email protected] Q3 FY21 Earnings Presentation - Trident Ltd. 15