TRIDENT/CS/ϮϬϮϭ MaLJ ϭϱ, ϮϬϮϭ

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

Deaƌ Siƌ/ Madaŵ,

Suď: IŶvestors' PreseŶtaoŶ

IŶ teƌŵs of RegulaoŶ ϯϬ aŶd otheƌ appliĐaďle pƌoǀisioŶs of SEBI ;LisŶg OďligaoŶs aŶd DisĐlosuƌe ReƋuiƌeŵeŶtsͿ RegulaoŶs, ϮϬϭϱ, please fiŶd aaĐhed heƌeǁith ĐopLJ of IŶǀestoƌs' PƌeseŶtaoŶ ǁith ƌespeĐt to the peƌfoƌŵaŶĐe of the CoŵpaŶLJ foƌ the Ƌuaƌteƌ aŶd FiŶaŶĐial Yeaƌ eŶded oŶ MaƌĐh ϯϭ, ϮϬϮϭ, foƌ aŶalLJsts aŶd iŶstuoŶal iŶǀestoƌs.

We ƌeƋuest LJou to kiŶdlLJ plaĐe the saŵe oŶ the ǁeďsite of stoĐk edžĐhaŶge;sͿ, foƌ the iŶfoƌŵaoŶ of shaƌeholdeƌs.

The saŵe is also aǀailaďle oŶ the ǁeďsite of the CoŵpaŶLJ i.e. ǁǁǁ.tƌideŶŶdia.Đoŵ.

ThaŶkiŶg LJou Youƌs faithfullLJ Foƌ TrideŶt Liŵited

RAMANDEEP KAUR Digitally signed by RAMANDEEP

;RaŵaŶdeep KaurͿ CoŵpaŶy SeĐretary ICSI Meŵďeƌship No.: F9ϭϲϬ

KAUR

Date: 2021.05.15 20:54:10 +05'30'

EŶĐl: As aďoǀe

15/05/2021 TL/2021/009269

Investor Presentation- March 2021

Trident Limited Home Textile I Paper

Started out with just a few bundles of raw cotton and a dream!

Safe Harbour

This presentation has been prepared by Trident Limited (the ͞Company͟Ϳ 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 CoŵpaŶy͛s securities have not been and will not be registered under the United States Securities Act of 1933, as amended.

Index

1. About Trident- Who We Are and Our Transformation Journey
1. Shareholding Snapshot
1. Dividend Payout
1. Management Commentary & Awards
1. Financial Highlights
1. Home Textile Industry
1. Paper Industry
1. Our Stance on ESG
1. Going Forward-Vision 2025- 3 BHAGs

Who We Are

USD 1 BILLION Business Group

One of The LEADING INTEGRATED HOME TEXTILE MANUFACTURERS in The World

WORLD͛S LARGEST Wheat Straw Based Paper Manufacturer

Committed to the ENVIRONMENT, CSR, GOVERNANCE AND WOMEN EMPOWERMENT

BEST IN CLASS TECHNOLOGY

Recipient of Several CORPORATE & CUSTOMER PARTNER AWARDS

TƌideŶt͛s TƌaŶsfoƌŵatioŶ Journey

1990-2000

Started as a yarn manufacturer in 1990 with 17k spindles and scaled up to 73k spindles in 5 years
Forayed into Terry Towel in 1998-99

2000-2010

Forayed into Paper, Chemical & Energy Segment
Enhanced capacity in Yarn and Terry towel
Expanded into Copier Paper segment

2010-2020

. • Horizonal diversification in Value Added Segment- Bed Linen
Achieved No. 1 position in North India for Branded Copier segment
Strengthened presence in Ecommerce and domestic market
Secured 10 patents

2020-2025

To reach INR 25,000 Crs. revenue by 2025; with PAT margin of 12%
Making Trident a National Brand
Targeting High Double Digit E-Com Revenue through own brands
Enhanced Retail Presence- through exclusive showrooms/ Tie-in Stores (Currently 12)

Our Global Presence

Shareholding Snapshot

Key Market Statistics	14-May-2021
BSE Ticker	521064
NSE Ticker	Trident
Bloomberg Code	TRID:IN
Reuters	TRIE.NS
MarketPrice (Rs)	16.95
Market Cap (INR Crore)	8634
Number of OutstandingShares (Crore)	509.60
Face Value	Rs. 1 per share
52-week High / Low (Rs.)	19.30/4.45

Our Presence
Corporate Office	Ludhiana, Punjab
ManufacturingFacilities at:	Sanghera & Dhaula, PunjabBudhni, Madhya Pradesh
Marketing Offices(India)	Mumbai, Gurgaon

Dividend Payout

Year	Total Div%	Div. Amt.(INR Per Share)	Dividend Payout Ratio
FY21	36%	0.36/-		35%	50%
FY20	36%	0.36/-	27%
FY19	30%	0.30/-
FY18	15%	0.15/-	15%	15%	30%
FY17	15%	0.15/-
	*Dividend Distribution Policy is available at www.tridentindia.com

Management Commentary & Awards

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

͞The coŵpaŶy has delivered stroŶg perforŵaŶce duriŶg the year despite the challenges posed by Covid-19. We hope to maintain a strong momentum going forward & harness our efforts towards achieving VISION 2025͟.

Financial Highlights

Key Highlights - P&L

Q4 FY21
TOTAL INCOME (INR CR)	PBT (INR CR)
135336%Q4 FY20: 997	96126%Q4 FY20 : 43
EBIDTA (INR CR)	PAT (INR CR)
23857%Q4 FY20 : 152	7691%Q4 FY20 : 40
EBIT (INR CR)	EPS (INR)
150113%Q4 FY20 : 70	0.150.07Q4 FY20 : 0.08

Q4 have seen robust growth of 36% on Y-o-Y basis driven by Home Textile segment with Bath and Bed Linen Segment registering revenue growth of 52% and 109% on Y-o-Y basis respectively
Sheeting segment registered 92% capacity utilization during the quarter
64% of total revenue in Q4 has been from Exports
Paper business in Q4 saw growth of 2% on Y-o-Y basis
EBITDA Margin stood at 17.61% in Q4 FY21 as against 15.24% in Q4 FY20

Key Highlights - P&L

FY21
TOTAL INCOME (INR CR)	PBT (INR CR)
4535-4%FY20: 4724	4456%FY20 : 421
EBIDTA (INR CR)	PAT (INR CR)
827-4%FY20 : 865	3461%FY20 : 342
EBIT (INR CR)	EPS (INR)
491-8%FY20 : 532	0.680.01FY20 : 0.67

Total Revenue for the FY 21 stood at INR 4535 crores, slightly less than FY 20 owing to primarily the low sales in Q1 in which the operations of the Company were hampered by lockdown
Sheeting segment recorded around 60% growth Y-o-Y basis on account of both better sales volume and realisations
35% reduction in Finance Cost in FY21 reduced to INR 72 Crores, as compared to INR 110.8 Crores in FY20
EBITDA stood at INR 827 crores in FY21 compared to INR 865 crores in FY20. EBITDA Margin stood at 18.23% in FY21
PAT of INR 346 cr. includes exceptional gain of INR 57 crores on account of sale of stake in associate Lotus Hometextiles
As the rates under RODTEP effective January 1, 2021 have not been announced, the income on account of benefits under the new scheme has not been recognized for the quarter ended March 31, 2021

P&L Statement

Particulars (INR Crore)	Q4 FY21	Q4 FY20	Shift (Q-o-Q)	FY21	FY20	Shift(Y-o-Y)
Total Income	1353	997	35.71%	4535	4724	-4.00%
EBITDA	238	152	56.58%	827	865	-4.43%
EBITDA %	17.61%	15.24%	237 bps	18.23%	18.30%	-7 bps
Depreciation	88	82	7.32%	336	333	0.81%
EBIT	150	70	113.04%	491	532	-7.71%
Finance Cost	23	28	-17.86%	72	111	-35.02%
Exceptional Item	30	-	-	-26	-	-
Profit Before Tax	96	43	123.26%	445	421.2	5.70%
Profit After Tax	76	40	90.00%	346	342	1.23%
EPS (INR)	0.15	0.08	0.07	0.68	0.67	1.49%
Cash Profit	164	121	35.54%	682	675	1.02%

P&L - Last 5 Years

PBT (INR Cr)

PAT (INR Cr)

*Includes exceptional gain on sale of stake in Lotus Hometextiles

Key Highlights - B/S

as on Mar 31, 2021
NET DEBT (INR CR)	LT DEBT (INR CR)
1423-191CrFY20: 1614	302-749CrFY20 : 1051
NET DEBT/EQUITY	NET DEBT/EBIDTA
0.4	1.7
FY20 : 0.5	FY20 : 1.9
REPAYMENT (INR CR)	CASH PROFIT (INR CR)
1034	682
FY20: 273	FY20 : 675

Total Repayment of INR 1034 Crores in FY21 including prepayment of term loans amounting more than INR 650 Crores
Net Debt reduced from INR 1614.5 Crores as on Mar 31, 2020 to INR 1423.2 Crores as on Mar 31, 2021

Particulars	31 Mar 21	31 Mar 20
Gross Debt	1535.5	1951.8
-Term Loans	302	1050.9
Existing Loans	2	1024.4
Fresh Capex Loans	175	26.5
NCD	125	--
-Working Capital	1233.6	900.0
Net Debt	1423.2	1614.5

Balance Sheet

	As on	As on
Particulars (INR crore)	Mar 31, 2021	Mar 31, 2020
Application of Funds
Non Current Assets	3941	3975
Property, Plant & Equipment	3697.9	3573.4
Capital Work-in-Progress	57.1	140.8
Intangible Assets	45.9	42.5
Right of Use Assets	53.3	69.3
Financial Assets	54.6	124.4
Other Non Current Assets	32.2	24.5
Current Assets	1813.2	1743.4
Inventories	1008.3	912
Financial Assets
- Investments	-	-
- Trade Receivables	454.5	278.5
- Cash & Cash Equivalents	98.4	318.3
- Other Bank Balances	13.9	19
- Other Financial Assets	99.2	107
Other Current Assets	138.9	108.5
TOTAL	5754.2	5718.4

	As on	As on
Particulars (INR crore)	Mar 31, 2021	Mar 31, 2020
Source of Funds
Equity	3316.6	2966.9
Equity Share Capital	509.6	509.6
Other Equity	2807.7	2457.3
Non-Current Liabilities	601	1058.2
Borrowings	255.1	689.1
Deferred Tax Liabilities	320.8	336.7
Other Non Current Liabilities	25.1	32.4
Current Liabilities	1836.6	1693.3
Financial Liabilities	1752.61	1626.9
Provisions	22.2	21.3
Other Current Liabilities	61.8	45
TOTAL	5754.2	5718.4

Balance Sheet - Last 5 Years

4945 4800 4676 4234 4858 11.7% 10.6% 14.1% 12.5% 10.1% FY17 FY18 FY19 FY20 FY21 Capital Employed Capital Employed ROCE

Fixed Assets Assets Turnover Fixed Assets

*Excludes fair valuation of land as per IND – AS

Home Textile Industry Global

Global Home Textile Industry (USD Billion)

Major Home Textile Exporters

US Home Textile Market: Country Wise Share 2021
Bath Linen	Bed Linen
43%	48%
20%	9%
22%	16%
15%	7%

Source: Wazir Advisors,UN Comtrade, OTEXA Europe Home Textile Market: Country Wise Share 2020 Country Bath Linen Bed Linen India 20% 8% China 8% 6% Pakistan 33% 54% Others 39% 32%

Exports from India continue to be robust with changing regional dynamics of China+1

IŶdia͛s supeƌioƌ ƋualitLJ of textile provides comparative edge to Indian companies and majority of IŶdia͛s edžpoƌt of tedžtiles is to US aŶd UK

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

Home Textile Industry India

IŶdia͛s home textile industry is expected to expand from around USD 5 billion to approximate USD 8.2 billion in 2021 registering CAGR of around 8.28%

Abundant availability of raw material and manpower renders Comparative Advantage in the global textile space

Indian Home Textile Industry (USD Billion)

Huge Domestic Potential as there has been increased focus on health and hygiene especially in recent times. Also, with rising per capita income and increasing focus on Indian retail sector the Indian home textile industry is expected to grow manifolds.

Best in Class Brands

Licensing agreement with ͚Kathy Ireland® Worldwide Inc, a California CorporatioŶ͛
Listed as one of the most powerful global brand by License Global magazine
Exclusive right to use for Home Textile products
Will further enhance TrideŶt͛s rapidly expanding E-Commerce business

Our Marquee Customers

Home Textile - Financials

Advantage Paper

TƌideŶt is the woƌld͛s laƌgest wheat stƌawbased paper manufacturer

Annual capacity of 175,000 MT
Uses wheat straw, an eco-friendly raw material, which is a by-product of wheat
Enabling lowest raw material to sales ratio among peers
Easy procurement at attractive pricing as Punjab is the highest wheat-producing state
12% market share in India in the Copier segment
30%+ market share in NCR and the North region
Invested in Best of Technology to ensure lower operating expenses
Venturing into various Value Added Products such as Antibacterial notebooks, Stiffener Board, Kraft paper etc.

Our Brands

Double digit contribution in FY 21 from Value Added Products Segment

Paper - Financials

Capacity Utilization (Tonnage Basis)

Copier v/s Non-Copier Revenue Share

Investor Presentation - Trident Ltd. 25

Environmental, Social and Governance

To keep river Narmada clean, we run Nirmal Narmada Abhiyaan every quarter with voluntary participation from hundreds of employees and local residents

We support schools and anganwadi centres by revamping existing facilities, providing infrastructure and ensuring the availability of basic facilities

To make women financially independent, we provide them with sewing machines and free handicrafts-making training under our Hastakala initiative

We reach out to more than 100,000 people living in rural areas through health camps and check ups every year and provide them free consultations and medicines from experienced doctors

We help women understand the importance of menstrual hygiene through multiple initiatives. We have installed vending machines at our locations from which women can obtain sanitary napkins for free