Trident Ltd — Investor Presentation 2019

Aug 3, 2019

TRIDENT/CS/2019

August 3, 2019

The Manager	The Manager
Listing Department	Listing Department
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza, Plot No. C/1, G Block	PhirozeJeejeebhoy Towers
BandraKurla Complex, Bandra (E)	Dalal Street
Mumbai – 400 051	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 with respect to the performance of the Company for the quarter ended June 30, 2019, 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

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 topurchase 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 andtechnology, 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-lookingstatements 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 norepresentation 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 noobligation 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 tocomply 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 anexemption 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.

OverviewTextiles Paper Largest Player in terms of Terry Towel Capacity & One of the largest players in Home Textile Space in IndiaHighest Operating Margin amongKey Listed Players in India

Snapshot

kiiKMStttteyareascs	02-A2019t-ugus
keBSETicr	521064
keNSETicr	deTritn
lobedeBCoomrg	TRID:IN
Reteurs	TRIE.NS
()keMPriceRstar	53.70
/ke()MCaINRCrUSDMtarporen	/2737393
()befdhaNuOinSCrtstamr oungresore	50.96
luFaVacee	haRs10persre
/kh()52-HigLoRsweew	/75.6052.15

Shareholding Pattern – 30th June, 2019

Ctaegory	209J1une,	h,209M1arc
Prteomors	1.06%7	0.%777
Iniiottutsns	3.23%	2.96%
blPuic	25.71%	28.61%

lblGPoaresence
ffCoOiceterpora:	dhbLuiaPujnana,
faliniiieMFatutt:anucrgcs a	hehala,bSa&jDPungraunadndhydehBui,MPraaas
keff(d)inOiceiaMIntargs:	bai,GuMumrgaonlkaluKoBetangaru,
keff(l.)inOiceMInttargs:	k,idSNeYoUntetatewrshehddoCireUniKintesgm,

Evolution

Key Highlights - P&L

Q1Y20F
TOTALINCOME()INRCR	()PBTINRCR
3311%15+	183%123+
Q901FY1114:	Q1FY1982:
()CEBIDTAINRR	()AINCPTRR
304%50+	123%108+
Q1FY19203:	Q1Y199F5:
()IINCEBTRR	()SINEPR
219100%+	242110%+
Q1FY19109:	Q1FY191.15:

• Revenue for the quarter stood at INR 1313 crores registering a growth of 15% Y-o-Y as compared toINR 1140 Crores in Q1FY19.
• Bath Linen segment registering capacity utilizationof 56% in Q1 FY20
• Targeting key retailers in US and focusing on major markets in Europe has helped us in improving the volumes inHome Textiles segment
• EBITDA stood at INR 304 crores marking improvement of 50% Y-o-Y in Q1FY20 compared toINR 203 crores in Q1FY19. EBITDA Margin stood at 23.15% in Q1FY20
• PAT of INR 123 crores with ~9.4% PAT Margin in Q1FY20.
• EPS stood at INR 2.42 in Q1FY20, marking animprovement of 110% Y-o-Y.

Key Highlights - B/S

Finance costs for Q1 FY20 stood at INR 35.84 crore

• Repayment of Long Term Debt of INR 93 Crore inQ1 FY20 ; Net Debt reduced by INR 420 Crore
• Cash Profit of INR 208 Crore during Q1FY20

P&L Statement (S)

ilPtarcarsu	Q1FY20	Q4FY19	fhiSt	Q1FY19	fhiSt	FY19	FY18	fhiSt
lTItoancome	1,3131	1,4165	73%-	11400	152%	52653	46403	%135
EBITDA	3039	2681	134%	2031	497%	10231	9140	%11.9
EBITDA%	231%	189%	b420+ps	178%	b530+ps	194%	197%	b30ps-
Diiteprecaon	846	886	45%-	944	103%-	3639	4040	%99-
EBIT	2193	1794	222%	1087	101.8%	6592	5100	292%
FiCtnanceos	358	324	108%	271	325%	1123	1182	%50-
ffPiBTtroeoreax	1835	1471	248%	81.6	1248%	5469	391.8	%396
fifPATttroerax	1232	926	330%	585	1106%	3709	2659	395%
()EPSINR	242	1.82	330%	1.15	1104%	728	522	%395
fhiCPtasro	2079	181.2	147%	1529	360%	7348	6699	%97

ddiiDenv	Ptaoyu
--------------------------------------	----------------------------

Year	li%TDtoav	iDAt.mv.(ha)SINRPerre	Tpey	%aeg	iiddDven	iPRttayouao
Q1FY20	9%	/0.9-	st1Inimter	9%		35%
			st1Inimter	6%	27%
	%FY1930	/3.00-	nd2imInter	6%
			rd3Inimter	12%
			lFina	6%	FY17
		stim1Inter	%6
8FY1	%15	/01.5-	nd2Inimter	6%
			lFina	3%
			st1Inimter	6%	1%5	1%5
FY17	%15	/01.5-	nd2Inimter	6%
			lFina	3%

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

Management Comment

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

"The year has started on a strong note with healthy operational and financial performance during the quarter. Given our overall thrust on efficiencies, marketing and cost rationalization, we believe we could sustain the momentum in the coming quarters.

We would continue to focus on improving our utilization rates of home textiles, generating free cash and through prudent financial management deliver even better results to our shareholders."

Textile - Financials

Paper - Financials

Sales (INR Crores)

Capacity Utilization (Tonnage Basis)

EBIT (INR Crores)

Copier v/s Non-Copier

Financial Performance

Revenue (INR Cr)

Financial Performance

Key Ratios

l()iPINRtarcuarscrore	Q201FY	9FY1	8FY1
*illdRCEtternonapampoeuy	190%	142%	106%
*iREtteurnonquy	208%	66%1	33%1
CIttneresoverage	85	87	77
biNDEtttteeoquy	06	08	10
/bNDEBITDAttee	16	23	29
		*Exclu	desfaaluofland air vatiINDASons per–
/CSCRIILAAARdCitre-Ritang:/CRISILA1CAR+	EAA()klLTBFiiitanaces-EA1(kiliiSTBF+tanaces	iCPRtang:)	/CRISILA1+INDA1+
Q1FY20	deEainPrioTritatrngsesenn-	d.Lttn	15

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

Pawan Jain/ Abhinav Gupta Investor Relations, Trident LimitedTel: +91 161 5039 999Fax: +91 161 5039 900Email: pawanjain@tridentindia.com;abhinavgupta@tridentindia.com