#1ECO GREEN 75 GSM ECO GREEN TRID TRID TRID TRID NATURAL NATURAL SPECTRA 75 GSM SPECTRA ROYAL TOUCH ROYAL TOUCH MY CHOICE A4 70 GSM MY CHOICE TRID TRIDE DIGIPRINT DIGIPRINT SPECTRA BOND Trident Limited Investor Presentation Sep 2020 soft comfort TRIDENT™ HOME DECOR | DESIGN The World's Finest Colors EPITOME HOME elegance ARTIZE TRIDENTGROUP™ Dusk & Dawn feather ch 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™ Investor 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 Q1 FY21 FY20 FY19 FY18 TRIDENTGROUP™ 54% 51% 65% 48% Bath & Bed Linen 26% 30% 33% Yarn TRID TRID TRID TRID TRID TRID TRIDENTROUP ECO GREEN NATURAL SPECTRA ROYAL TOUCH MY CHOICE DIGIPRINT SPECTRA BOND 17% 18% 20% 19% 19% Paper One of the Leading Business Groups with interest in Textiles and Paper Investor Presentation - Trident Ltd. 3#4Snapshot Key Market Statistics BSE Ticker NSE Ticker Bloomberg Code Reuters Market Price (Rs) 28-Sep-2020 521064 Trident TRID:IN TRIE.NS 6.89 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 Marketing Offices (Intl.): Rs. 1 per share 8.40/3.05 Market Cap (INR Crore / USD Mn) Number of Outstanding Shares (Crore) Face Value 52-week High/Low (Rs.) - 3511/478 509.60* Shareholding Pattern – 30th Jun, 2020 Category Promoters Public Jun, 2020 Mar, 2020 71.07% 71.06% 28.93% 28.94% TRIDENTGROUP 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™ Investor Presentation - Trident Ltd.#5Evolution Revenue (INR Cr) Paper 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 1990-95 § 47 294 1996-00 706 2001 - 05 2006-10 米 2001-05 ■ Acquired Paper Manufacturing Facility along with Captive Power 2006-10 Set-up Paper Unit II ■ Set-up Captive Power Facility CAGR ~20% 1803 2011 16 2011 - 16 Launched Paper Brands 5265 3816 FY 95 FY 00 FY 05 FY 10 FY 15 FY 19 Transformed from a Pure Play Yarn Player to an Integrated Textiles and Paper Manufacturer TRIDENTGROUP™ Investor Presentation - Trident Ltd. 4724 FY 20 5#6Key Highlights - P&L Q1 FY21 TOTAL INCOME (INR CR) 713 -46% Q1 FY20: 1313 EBIDTA (INR CR) 119 -60% Q1 FY20: 301 EBIT (INR CR) 36 FY19: 216 -83% PBT (INR CR) 13 -93% Q1 FY20: 183 PAT (INR CR) 10 -92% Q1 FY20 123 EPS (INR) 0.02 -22 FY19: 0.24 ■ Overall decline is primarily due to COVID-19 related market volatility during the current quarter. Therefore, results for Quarter 1 of 2020-21 are not comparable to previous corresponding period results ☐ Exports contributed 74% of the total revenue for the quarter ■ Bed Linen segment registered revenue growth of 37% in current quarter Q-o-Q basis inspite of lower volumes and owing to better product mix ■ Finance Cost in Q1 FY21 reduced to INR 23.1 Crores, reduction of 29% as compared to INR 32.5 Crores in Q1 FY20 (on account of debt reduction) ▪ EBITDA Margin stood at 16.6% in Q1 FY21 despite 46% reduction in revenue TRIDENTGROUP™ Investor Presentation - Trident Ltd.#7Key Highlights - B/S as on June 30, 2020 NET DEBT (INR CR) 1245 -329Cr FY20: 1614 LT DEBT (INR CR) 836 -215Cr FY19: 1051 Repayment of Long Term Debt by INR 226 Crores in Q1 FY21 including prepayment of high cost loans amounting to INR 140 Crores ▪ Net Debt reduced significantly in Q1 FY21 to reach level of INR 1245 Crores as compared to previous quarter NET DEBT/EQUITY 0.4 FY20 : 0.5 NET DEBT/EBIDTA 2.6 FY20: 1.9 REPAYMENT (INR CR) 226 Q1 FY20: 93 CASH PROFIT (INR CR) 93 Q1 FY20 : 208 TRIDENTGROUP™ Net Debt (INR CR) -1376 2621 2344 1614 1245 Mar'18 Mar'19 Mar'20 Jun'20 Investor Presentation - Trident Ltd. 7#8P&L Statement (S) Particulars Q1 FY21 Q4 FY20 Shift FY20 FY19 Shift Total Income 713.4 997.3 -28.5% 4723.9 5265.3 -10.3% EBITDA 118.7 152.0 -21.9% 865.3 1023.1 -15.4% EBITDA % 16.6% 15.2% -116bps 18.3% 19.4% -111bps Depreciation 82.4 81.5 1.1% 333.3 363.9 -8.4% EBIT 70.4 70.4 -48.5% 532.0 659.2 -19.3% Finance Cost 23.1 27.8 -16.8% 110.8 112.3 -1.3% Profit Before Tax 13.2 42.7 -69.1% 421.2 546.9 -23.0% Profit After Tax 10.1 39.6 -74.5% 341.8 370.9 -7.8% EPS (INR) 0.02 0.08 0.67 0.73 -8.2% Cash Profit 92.5 121.1 -23.6% 675.1 734.8 -8.1% TRIDENTGROUP™ Investor 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 FY17 FY18 FY19 FY20 TRIDENTGROUP™ Investor Presentation - Trident Ltd. 9#1006 TRIDENTGROUP™ 1057 Textile - Financials Sales (INR Crores) EBIT (INR Crores) 586 Q1 FY20 Q1 FY21 Towel (In 000' tons) 59% 49% 48% 63% 60% 90 90 29% 06 43.2 Capacity Utilization* 142 13 Q1 FY20 Q1 FY21 Bed Linen (In mn. meters) 81% 98% 43.2 43.2 38% 43.2 Yarn (In 000' tons) 92% FY19 FY20 Q1 FY21 Q2 FY21 (2 M) FY19 FY20 Q1 FY21 Q2 FY21 (2 M) FY19 FY20 *Capacity utilization for Q2 FY21 is based on monthly production data being submitted to stock exchanges and pertains to month of July 20 & August 20 Capacity Q1 FY21 Q2 FY21 (2 M) Utilization Investor Presentation - Trident Ltd. 115 115 115 49% 10 115 94%#11Paper - Financials Sales (INR Crores) 248 122 Q1 FY20 Q1 FY21 EBIT (INR Crores) 99 34 Q1 FY20 Q1 FY21 Capacity Utilization (Tonnage Basis) Copier v/s Non-Copier 89% 86% 79% 56% 175 175 175 175 FY19 FY20 Q1 FY21 Q2 FY21 (2 M) Utilization TRIDENTGROUP™ Capacity Investor Presentation - Trident Ltd. 39% Q1 FY21 Copier Non-Copier 61% 11#12Financial Performance Revenue (INR Cr) EBIDTA (INR Cr) 1313 713 Q1 FY20 Q1 FY21 PAT (INR Cr) 123 10 Q1 FY20 Q1 FY21 TRIDENTGROUP™ 22.9% 301 Q1 FY20 Interest Coverage Ratio Investor Presentation - Trident Ltd. 9.25 EBIDTA EBIDTA % 16.6% 119 Q1 FY21 5.14 Q1 FY20 Q1 FY21 12#13TRIDENTGROUP™ 4800 FY18 2621 Capital Employed 10.6% 4676 4234 Financial Performance Net Debt (INR Cr.) 1.0 2344 0.8 0.5 1614 1245 Net Debt -D/E Ratio Net Worth (INR Cr) Net Worth ROE 16.6% 15.0% 13.3% 1.7% 0.4 2003 FY19 FY20 Q1 FY21 FY18 FY19 FY20 Q1 FY21 Capital Employed ◆ROCE Fixed Assets 14.1% 1.1 1.4 12.5% FY18 FY19 FY20 Q1 FY21 3.8% 3792 4078 FY18 FY19 3848 1.2 2241 Fixed Assets Investor Presentation - Trident Ltd. *Excludes fair valuation of land as per IND - AS and exceptional items 13 FY20 3826 3773 Q1 FY21 0.8 2276 Assets Turnover 2327#14Key Ratios Particulars (INR crore) Q1 FY21 FY20 FY19 Return on Capital Employed* 3.8% 12.5% 14.1% Return on Equity* 1.7% 15.0% 16.6% Interest Coverage 5.1 7.8 9.1 Net Debt to Equity 0.4 0.5 0.8 Net Debt / EBITDA 2.6 1.9 2.3 Credit Rating: TRIDENTGROUP™ ■ CRISIL AA-/ CARE AA- (LT Bank Facilities) ■ CRISIL A1+/ CARE A1+ (ST Bank Facilities) Investor Presentation - Trident Ltd. *Excludes fair valuation of land as per IND - AS ■ CRISIL A1+/ CP Rating: IND A1+ 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] Investor Presentation - Trident Ltd. 15