Trident Ltd — Investor Presentation 2019

Mar 22, 2019

TRIDENT/CS/2019 March 22, 2019

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The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E) Dalal Street Mumbai – 400 051 Mumbai – 400 001 Scrip Code:- TRIDENT Scrip Code:- 521064

Dear Sir/ Madam

Sub: Intimation of Schedule of Investor Conference

In terms of Regulation 30(6) and 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find below the proposed schedule of “Investor Conference Meetings” in which the Company will participate:

Day/Date	Details	Organizer	Place
Monday, March 25, 2019	Annual India Ideation Conference	Motilal Oswal	Mumbai

Further, the copy of the latest presentation that would be given during the above Conference has already been uploaded on the official website of the Company i.e. www.tridentindia.com and a copy is enclosed herewith.

Please note that Dates/Participants are subject to changes. Changes may happen due to exigencies on the part of Analyst/Institutional Investor/Company.

Submitted for your information and records.

Thanking you, Yours sincerely, For Trident Limited

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

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Trident Limited Corporate Presentation - March 2019

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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 p resentation has not been a pp roved and will not or ma y not be reviewed or a pp roved b y 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 comp y l w t i h t hi s restr ct on i i may const tute i a v o at on i l i o f t h e app li ca bl e secur t es i i l aws. N e t i h er t hi s d ocument nor any part or copy o f i t may b e di str ib ute d , di rect y l or i n di rect y, l i n t h e U n te i d S tates. Th e 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.

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Corporate Presentation - Trident Ltd. – March 2019

Overview

Textiles Paper Largest Player in terms of Terry Towel Capacity & One of the largest Highest Operating Margin among players in Home Textile Space in India Key Listed Players in India

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Revenue Split between segments
9MFY19 50% 31% 19%
FY18 48% 33% 19%
FY17 49% 33% 18%
FY16 46% 32% 22%
Bath & Bed Linen Yarn Paper
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One of the Leading Business Groups with interest in Textiles and Paper

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Corporate Presentation - Trident Ltd. – March 2019

Snapshot

Key Market Statistics 18-Mar-2019 BSE Ticker 521064 Global Presence Corporate Office : Ludhiana Punjab NSE Ticker Trident Bloomberg Code TRID:IN Reuters TRIE.NS Market Price (Rs) 68.80 Market Cap (INR Crore / USD Mn) 3506 / 511 Number of Outstanding Shares (Crore) 50.96 Face Value Rs 10 per share , Manufacturing Facilities at: Sanghera & Dhaula, Punjab Budni, Madhya Pradesh Marketing Offices (India): Mumbai, Gurgaon Kolkata, Bengaluru Marketing Offices (Intl.): New York, United States Cheshire, United Kingdom . 52-week High / Low (Rs.) 75.60 / 51.00 Shareholding Pattern – 31st Dec, 2018 Category Sep 2018 Dec 2018 Promoters 68.45% 70.77% Institutions 3.43% 2.76% Public 28.12% 26.47%

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Corporate Presentation - Trident Ltd. – March 2019

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Evolution
� Inception � Entered Home Textile � Augmented Towel � Set-up Towel Unit � Set-up Towel Unit-IV & First
� Set-up 1st Spinning with 1 [st] Towel with Unit –II set up – III; Bed Linen Unit
� � �
Unit Facility Manufacturing Unit Spinning with Unit- Added Spinning Added Spinning Units -
� Set up Spinning Unit - II III set up Units– IV, V & VI VII, VIII, IX & X
� Launc h e d Text il e Bran d s
1990 - 95 1996 - 00 2001 - 05 2006 - 10 2011 - 16
2001 - 05 2006 - 10 2011 - 16
� Acquired Paper
Manufacturing � Set-up Paper Unit II
� �
Facility along with Set-up Captive Power Launched Paper
Captive Power Facility Brands
4773 4640
3744 3849
1803
706
294
47
FY95 FY00 FY05 FY10 FY16 FY17 FY18 9MFY19
Transformed from a Pure Play Yarn Player to an Integrated Textiles and Paper Manufacturer
XTILES
TE
PAPER
NR Cr)
Revenue(I
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Corporate Presentation - Trident Ltd. – March 2019

Key Highlights - P&L

Q3FY19

TOTAL INCOME (INR CR) PBT (INR CR) 1306 +19% 165 +57% Q3FY18: 1098 Q3FY18: 105 EBIDTA (INR CR) PAT (INR CR) 284 +22% 112 +54% Q3FY18: 232 Q3FY18: 73 EBIT (INR CR) EPS (INR) 194 2.20 +49% +54% Q3FY18: 130 Q3FY18: 1.43

• Home Textile: Bed Linen volumes grew by 41.7% and Bath Linen volumes grew by 10.1% Year on Year in Q3 FY 19 as compared to same period last year;

• Branding, Distribution and expanding team closer to market in US has helped us in improving the volumes and will support us in sustaining the in the also .

• growth forthcoming quarters

• 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.

• Hi hest Ever PAT of INR 112.1 crores with ~9% PAT g

• Margin.

• EPS stood at INR 2.20 in Q3 FY19 and INR 5.50 in 9M FY19

Corporate Presentation - Trident Ltd. – March 2019

6

Key Highlights - B/S

as on Dec 31, 2018

NET DEBT (INR CR) LT DEBT (INR CR) 2197 -424Cr 1428 -260Cr FY18: 2621 FY18 : 1688

• Finance costs for 9MFY19 stood at INR 84.1 Crore , came down by 7% Y-o-Y

• Reduction in Long Term Debt of INR 260 Crore in 9MFY19; Net Debt reduced by INR 424 Crore

• � Cash Profit of INR 556 Crore during 9MFY19

NET DEBT/EQUITY NET DEBT/EBIDTA 0.7 1.9 FY18 : 0.9 FY18 : 3.1

CASH PROFIT REPAYMENT (INR CR) (INR CR) 244 (9MFY19) 556 (9MFY19) FY18: 545 FY18 : 668

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Net Debt (INR Cr.)
3421
2714
2621
2197
Mar'16 Mar'17 Mar'18 Dec'18
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Corporate Presentation - Trident Ltd. – March 2019

7

P&L Statement (S)

Particulars	Q3 FY19	Q2 FY18	Shift	Q3 FY18	Shift	9M FY19	9M FY18
Total Income	1,306.4	1,402.3	-6.8%	1098.4	18.9%	3848.8	3452.4
EBITDA	283.6	271.2	4.6%	231.6	22.5%	759.2	700.1
EBITDA %	21.7%	19.3%	+240 bps	21.1%	+60 bps	19.7%	20.3%
Depreciation	89.2	91.7	-2.7%	101.3	-12.0%	275.3	305.9
EBIT	194.4	179.5	8.3%	130.3	49.3%	483.9	394.3
Finance Cost	29.4	26.3	11.9%	25.2	16.5%	84.1	90.5
Profit Before Tax	165.0	153.2	7.7%	105.0	57.1%	399.8	303.8
Profit After Tax	112.1	109.1	2.7%	73.0	53.6%	280.5	212.9
EPS (INR)	2.20	2.14	2.8%	1.43	53.8%	5.50	4.18
Cash Profit	201.3	200.9	0.2%	174.4	15.5%	555.8	518.7

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Corporate Presentation - Trident Ltd. – March 2019

Dividend Pa out y

	Year	Total Div%	Div. Amt. (INR Per Share)	Type	%age			Dividend Payout Ratio 35% 52% 29% 23% 27% FY15 FY16 FY17 FY18 9MFY19 Historical Dividends(%age of Face Value) 15% 15% 24% 6% 9% FY15 FY16 FY17 FY18 9MFY19
	9MFY19	24%	2.40/-	1st Interim	6%
				2nd Interim	6%
				3rd Interim	12%
	FY18	15%	1.50/-	1st Interim	6%
				2nd Interim	6%
				Final	3%
	FY17	15%	1.50/-	1st Interim	6%
				2nd Interim	6%
				Final	3%
	FY16	9%	0.90/-	1st Interim	3%
				2nd Interim	3%
				Final	3%
	FY15	6%	0.60/-	1st Interim	3%
				2nd Interim	3%

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

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Corporate Presentation - Trident Ltd. – March 2019

Management Comment

Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: “We are pleased with the financial and operational performance achieved the We remain on during quarter. focused sweating manufacturing capacities and expect to further increase the utilization level 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 ”

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Corporate Presentation - Trident Ltd. – March 2019

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% 60.8 • 47.1 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 Bed Linen & Bed Spread 2014 2020E • Bed and Bath linen together constitutes around 26.4 65% of the total market of Home Textile 21.6 expected to reach $87 billion by 2020 with growth of more than 4.1 %. 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

• 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 of more than 4.1 %.

Source : Fibre2Fashion

Significant Growth Opportunities available Globally – For Indian Home Textile Manufacturers

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Corporate Presentation - Trident Ltd. – March 2019

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

The region accounted for roughly 44% of the market share in 2015 worth $48 billion.

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. Demand for home textiles products in the Chinese market is primarily driven by increasing middle class spending on these products in the nation.

Source : Fibre2Fashion

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Corporate Presentation - Trident Ltd. – March 2019

Indian Home Textile Industry

Home Textile – Demand in India

Home Textile – Indian Export to US

• India represents 3rd largest market share in Asia Pacific home textiles market in the region.

Market share for US imports of cotton sheets (Yearly)

	Market share for US imports of cotton sheets (Yearly)	Market share for US imports of cotton sheets (Yearly)	Market share for US imports of cotton sheets (Yearly)	Market share for US imports of cotton sheets (Yearly)	Market share for US imports of cotton sheets (Yearly)	Market share for US imports of cotton sheets (Yearly)	Market share for US imports of cotton sheets (Yearly)	Market share for US imports of cotton sheets (Yearly)
home textiles market in the region. �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. �Favorable demographics, 30% 70% Indian Home Textile Market increasing disposable income, rapid urbanization and housing boom are assumed to drive the demand for the home textiles products in th I di t til k t Unorganised Organised e n an ex es mar e place in the near future.
		2005 - 13	2014	2015	2016	2017	YTD2018*
	India	31%	47%	48%	49%	50%	50%
	China	28%	23%	23%	22%	20%	21%
	Pakistan	23%	17%	17%	16%	16%	17%
	ROW	18%	13%	12%	13%	14%	12%
	Market share for US imports of terry towels (Yearly) 2005 - 13 2014 2015 2016 2017 YTD2018 India 31% 37% 38% 40% 39% 39% China 23% 26% 25% 23% 24% 25% Pakistan 21% 22% 22% 22% 21% 20% ROW* 25% 15% 15% 15% 16% 16%
	Source: Otexa, Fibre2Fashion, Company Estimates *Jan – Oct 2018
Significant Growth Opportunities – For Organised Indian Textile Manufacturers

13

Corporate Presentation - Trident Ltd. – March 2019

Textile - Financials

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Sales (INR Crores)
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3795 3719
3 , 091
2881
FY 16 FY 17 FY18 9MFY19
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EBIT (INR Crores)
415
300
263
249
FY 16 FY 17 FY18 9MFY19
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~~Capacity Utilization~~

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Towel (In 000’ tons)
50%
48%
45%
41%
FY16 FY17 FY18 9MFY19
90 90 90 90
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50 Bed Linen (In mn. meters) 70% Yarn (In 000’ tons)
45 60% 200 98%
60% 97%
40 180 97%
Project 29%
44% 95%
35 50% 160 96%
commissioned
140 95%
30
40%
at the end of 120 93% 94%
25
30% 100 93%
FY1620 91%
80 92%
15 20%
60 91%
10
6% 40 90%
10%
5
5.4 43.2 43.2 43.2 20 89%
0 0% 0 88%
FY16 FY17 FY18 9MFY19 FY16 FY17 FY18 9MFY19
Capacity Utilization
103 115 115 115
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Corporate Presentation - Trident Ltd. – March 2019

14

Paper Business

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�
Recently
Launched Bond
Paper
�
Eco-friendly
72 GSM 100 GSM 75 GSM
roduct in ultra-
p
86% Brightness 92% Brightness 88% Brightness
white shade
100 GSM
75 GSM 80 GSM 70 GSM
94% Brightness
90% Brightness 90% Brightness 87% Brightness
Eco Wheat Straw High
Jam Free
Friendly based Paper Quality
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Differentiated Product/ Brand to target distinct end consumers as per their requirements

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Corporate Presentation - Trident Ltd. – March 2019

Paper - Financials

Sales (INR Crores)

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872 858
831
723
FY 16 FY 17 FY18 9MFY19
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Capacity Utilization (Tonnage Basis)
89% 89% 89%
88%
FY16 FY17 FY18 9MFY19
Capacity Utilization
175 175 175 175
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EBIT (INR Crores)
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273 269
199
160
FY 16 FY 17 FY18 9MFY19
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-
Copier v/s Non Copier
Co ier
p
51% 9MFY19 49%
Non-Copier
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Corporate Presentation - Trident Ltd. – March 2019

Advantage India

Competitive Cost of Production 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; Strong Government support to industry

Favourable Government Policies

Focus on Ma‘ ke In India an’ d Export Enhancement

INDIA Geography of Choice for Home Textiles

Cotton Quality & Availability Largest producer of cotton and still grow ng; urp us avai S l ilable for export

Qualified & Skilled Manpower Large, young and talented workforce at a competitive though increasing cost

Global Friendly Environment Stable democracy; comfort with global languages; Evolving practices in line with MNCs

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Corporate Presentation - Trident Ltd. – March 2019

Why Trident

Infrastructure	Clientele	De-risking	Design	Marketing
Largest Capacity &	Client Relationship	Risk	Strong Product	Market
World Class		Management	Design	Intelligence
Technology
�Integrated business	�Longstanding	�Sufficient portion of forex exposure is	�Focus on increasing	�Design studios and
model with large	relationships with	hedged to mitigate	the functionality of	showrooms in the
manufacturing	large and diversified	any adverse currency t **movemen **	our bed and bath	United States and
capacities resulting	customer base	�More than two	products through	the United Kingdom
in operating and	located in India and	decades relationships	innovative	to showcase our
cost efficiencies.	across many	with vendors to ensure availability of	manufacturing	products and engage
Each facility is fitted	international	quality cotton.	processes	closely with
with latest	markets	�Widespread presence		customer
equipment and		across several geographies, diversif		procurement teams
state-of-the-art		y risks and reduces		for real time market
technology		overall dependency		updates

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Corporate Presentation - Trident Ltd. – March 2019

Integrated Home Textile Manufacturer

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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 TFO-Two for One Warping Sizing Warping Weaving
Yarn, Melange, Specialty & others
Bed Linen Bath Linen Processing Greige Fabric Inspection Weaving
Fabric Processing
Inspection
Processing Processed Fabric
Luxury, Organic, Spa &
Solid & Printed
Hotel, Beach, Designer
Sheets, Top-Up Printing Spreading
, Jacquard,
Beds, Duvets, Comfort
Dobby
ers, Fitted Final Inspection & Packing Automated CSP
Texture, Celebratory,
Sheets, Pillow
Bath
C ases, u Q ilt s, Mats, Bathrobes, Chec
Decorative
kered, Waffle,
Dispatch Automated CSP
pillows, Coverlets &
Infants & Kids and Dispatch
others
others
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Fully Integrated Processes provide control over the Production Value Chain

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Corporate Presentation - Trident Ltd. – March 2019

Strategy

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• • •
Leverage existing customer Continue to focus on innovation Further strengthen our brand and
relationship to further expand our and developing value added market share in the growing retail
Bed Linen business products. textile business in India.
•
Improve brand presence through multi
brand outlets (MBOs) and e-commerce
platforms.
Enhance
Leveraging
Innovation Brand
Relationship
Presence
New
Improve
Expansion
Geographies
Utilisation
• • •
Optimize capacity utilisation levels and Consolidate our market position and Expand our business through organic
continue to improve operational target new markets to diversify growth and strategic inorganic
efficiencies customer base geographically to opportunities.
further expand our Bath & Bed Linen
business
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Our Mission is to Emerge as a Trusted Partner to the Top Global Retailers & Fashion Houses

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Corporate Presentation - Trident Ltd. – March 2019

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Focus on Innovation and Value Added Products
• •
Superior Cotton Durable Compact Yarn
Yarn • Quick Dry
•
Feather Soft Sheet
•
Super Soft
•
Enhanced Lustre &
• Moisture Management
Vibrant Shades
•
• Breathable
Everlasting Touch •
Bio Softness
• •
Super Soft Superior Softness •
All Season Sheet
•
• Renewable
Moisture Wicking •
Superior Softness
•
• • Reduced Carbon
Breathable Breathable
• Foot Print
• Moisture Wicking
Luxury Sleep
• •
Comfort Dry Comfort Natural Finish
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Continuous Research on Fashion & High Value Products to Improve Contribution

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Corporate Presentation - Trident Ltd. – March 2019

Way Forward

� We will keep focusing on increasing capacity utilization with better Product Mix, thereby benefit from operating leverage

� Keep increasing Yarn’s captive utilization, which will reduce price volatility risk and improve margins

  - Focus on improving Cashflow generation and follow prudent Capital **Allocation**

  - Keep focusing on de-risking in multiple dimensions

• �Kee Reducin Debt out of Re ular Cash Flows p g g

• Focus on profitable growth to create long term sustainable value for all stake holders

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Corporate Presentation - Trident Ltd. – March 2019

CSR Initiatives

Free medical consultation, tests & Health medicines; Free eye surgeries; Mobile dispensary for free primary health care Saakshar - Adult education; IL&FS partnership; Students received free note Education & b oo k s across sc h oo s; our sac l Fl k s, pre Welfare owned belongings distributed across villages Supporting sole earning women; 50+ Women women in leadership; Providing Training to Empowerment 200+ women making marketable crafts products Water Contribution towards Nirmal Narmada & Energy Project & Swachh Bharat ; Received Conservation numerous awards in Energy Conservation

Best Performer in Energy Saving by Bureau of Energy Efficiency, Govt.of India

PHD Chamber Award for Outstanding Contribution to Social Welfare for 2016

Energy Conservation Award 2015-2016 received from IPMA & Ministry of Power

National Award for Excellence in Energy Management from CII

Excellence in Water Management 2016 from CII

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Corporate Presentation - Trident Ltd. – March 2019

Awards & Accolades

IWAY Well Developed Northern Region ‘Export Excellence Award’in‘Star Trading Accredited with ‘Egyptian Gold Seal’ forYarn, Terry Towel Supplier for IKEA House-Non-MSME’ �‘Gold Trophy’ 2nd Set �‘Silver Trophy’ 1st Set & Bed Linen Products from ‘Cotton Egypt Asso.’	JC Penney Platinum Certification Status for 2017	JC Penney Platinum Certification Status for 2017	Excellence in Operations in Quality Certifiedfor the coveted Sustainable Textile Production (STeP),permitting Award for FY17 from IKEA to use theOEKO-TEX® “MADE IN GREEN”label for Home Textile products
TEXPROCIL Export Performance Awards 22	6		CII – Confederation of Indian Industry
‘Supplier Achievement in Excitement 2016’ Award from Sam’s Club USA 1	2		National Energy Conservation Awards
‘B t Q lit A d 2016’ f SEARS HOLDING 1 es ua y war rom	1		IPMA Energy Conservation Award -
Wal-Mart Supplier of the Year awards 4	1		Niryat Shree – FIEO Awards
JCPenney - Best Supplier, Innovation, Quality Awards 4	1		ASSOCHAM Leadership Award (CEO), 2016
IKEA Quality and Sustainability Awards 2	4		Punjab Safety Awards
PHD Chamber- Outstanding Contribution to Social Welfare 1 1			D&B – ECGC: Exporter’s Excellence Awards
PHD Chamber for women empowerment - Astitva Samman 1 4			Corporate Governance & CSR Awards
Best Performer Energy Saving by Bureau of Energy Efficiency, Govt.of India 1 Confederation of Indian Textile Industry (CITI) Award Excellence 1	for 4 1		PMI India Project of the Year ‘Large’ Category SEEM National Energy Management Award 2016

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Corporate Presentation - Trident Ltd. – March 2019

Financial Performance

Revenue (INR Cr)

EBIDTA (INR Cr)

EBITDA EBITDA Margin%

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FY15 FY16 FY17 FY18
3779 3744 4773 4670
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20.8%
20 . 4%
19.6%
18.4%
FY15 FY16 FY17 FY18
695 763 992 914
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PAT (INR Cr) PAT PAT Margin% Dividend Payout Ratio
35%
400 6.5% 7.1% 8.0%
350 7.0% 29%
5.6% 27%
300 6.0%
23%
250 5.0%
200 3 .1 % 4.0%
150 3.0%
100 2.0%
50 1.0%
0 0.0%
FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18
118 242 337 264
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Financial Performance

Net Debt D/E Ratio

Net Debt (INR Cr.)

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4000 1.4 1.6
3500 1.4
1 . 2
3000 1.0 0.9 1.2
2500 1.0
2000 0.8
1500 0.6
1000 0.4
500 0.2
0 0.0
FY15 FY16 FY17 FY18
Capital Employed ROCE
2636 3421 2714 2621
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Capital Employed

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Net Worth (INR Cr) Net Worth ROE
17.0%
13.9% 12.4% 18.0%16.0%
8.1%
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
1455 1742 1981 2133
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5000 1.4
1.2 0.8 1.1 1.1
4500
6000 12.2% 14.0% 1.2
10.3% 4000
8.1%
12.0%
5000 9.3% 3500 1.0
10.0% 3000
4000 0.8
8.0% 2500
3000 2000 0.6
6.0%
2000 1500 0.4
4.0%
1000
1000 2.0% 500 0.2
0 0.0
0 0.0%
FY15 FY16 FY17 FY18
FY15 FY16 FY17 FY18
Excludes fair valuation of land as per IND – AS ; Figures are annualized
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3086 4754 4467 4246
4035 5110 4756 4929
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Key Ratios

	Particulars (INR crore) FY18 FY17 FY16 Return on Capital Employed 10.3% 12.2% 8.1% Return on Equity 12.2% 17.0% 13.9% Interest Coverage 7.7 7.0 5.7 Net Debt to Equity 0.9 1.0 1.4 Net Debt / EBITDA 2.9 2.7 4.1 *Excludes fair valuation of land as per IND – AS ; Figures are annualized �A1+ (India Ratings) Credit Rating: �CARE AA-(LT Bank Facilities) �CARE A1+**(ST Bank Facilities) CP Rating:

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Corporate Presentation - Trident Ltd. – March 2019

Balance Sheet (S)

f d Source o Fun s	f d Source o Fun s	f d Source o Fun s	A li ti f pp ca on o	F d un s
Equity Equity Share Capital Other Equity Non-Current Liabilities Borrowings Deferred Tax Liabilities Other Non Current Liabilities Current Liabilities Financial Liabilities Provisions Other Current Liabilities	2908.7 509.6 2399.1 1692.7 1410.8 213.2 68.7 1695.7 1645.9 13.9 36.0		Non Current Assets Property, Plant & Equipment Capital Work-in-Progress Intangible Assets Intangible Assets under devp. Fi i l A nanc a ssets Other Non Current Assets Current Assets Inventories Financial Assets - Investments - Trade Receivables - Cash & Cash Equivalents - Other Bank Balances - Other Financial Assets Other Current Assets	4468.4 4019.5 176.1 49.8 0.5 112 4 . 110.0 1828.7 906.5 10.9 477.8 47.4 118.5 166.9 100.7
TOTAL	6297.1	6184.0	TOTAL	6297.1

Corporate Presentation - Trident Ltd. – March 2019

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

Pawan Jain Investor Relations, Trident Ltd. Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: pawanjain@tridentindia.com,

Thank You

Corporate Presentation - Trident Ltd. – March 2019

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