Trident Ltd — Investor Presentation 2023

Feb 1, 2023

TRIDENT/CS/2023 February 1, 2023

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Na�onal Stock Exchange of India Limited

Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: TRIDENT

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Scrip Code: 521064

Sub: Earnings’ Presenta�on

Dear Sir/ Madam,

In terms of Regula�on 30 and other applicable provisions of SEBI (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015, please find a�ached herewith copy of Earnings’ Presenta�on with respect to the performance of the Company for the Quarter and Nine Months ended on December 31, 2022.

The same is also available on the website of the Company i.e. www.triden�ndia.com.

Thanking you Yours faithfully For Trident Limited

Digitally signed HARI by HARI KRISHAN KRISHAN Date: 2023.02.01 16:55:12 +05'30' (Hari Krishan) Company Secretary

Encl: As above

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01/02/2023

TL/2023/029758

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Trident Limited

Yarn | Towel |Bedsheets I Paper

EARNINGS PRESENTATION Q3FY23/ 9MFY23

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Safe Harbour

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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 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 USA, 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.

2

Earnings Presentation Q3 FY23

Index

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INDUSTRY OVERVIEW

SUMMARY OF FINANCIAL STATEMENTS

WAY FORWARD

COMPANY OVERVIEW

QUARTERLY & OPERATIONAL OVERVIEW

COMMITTED TO ESG & WOMEN EMPOWERMENT

3

Earnings Presentation Q2 FY23

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COMPANY OVERVIEW

4

Earnings Presentation Q3 FY23

Trident’s – A distinctive Entity

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Leading Integrated home textile manufacturers A with 30+ year track record

B

World’s Largest wheat straw-based paper manufacturer

#1 in North India for Branded Copier segment

150+ Countries

C

World class Infrastructure & Technology

D

Globally Best in class Business Partners

60% Exports

E

Robust Financials and Young & Energetic Workforce

5

Earnings Presentation Q3 FY23

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Trident’s Transformation Journey

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
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Going Forward

Make Trident a National Brand

• E-commerce Website

• Retail Outlets

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• Social Media Presence

Started as a Commodity Player

• Diversified products

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
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• Digital Trident – Completing Industry 4.0 Journey

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•
Inception: Started as a yarn Transition & 2010- E-sourcing
 •
manufacturer in 1990 with Diversification Phase 2020
just 17k spindles •
Entered Paper, Chemical & •
•
Forayed into Terry Towel in
 Energy segment
 1998-99
-  Enhanced capacity expansion in Yarn and Terry
1990
towel
2000
Value Addition &
-
2000
Consolidation Phase
2010
 Horizontal diversification into
segments such as Bed Linen
 Strengthened presence in E-commerce and domestic market
Secured 10 patents

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• E-sourcing

• Real time performance monitoring

• AI enabled Projects

• Digitalization of products

• • Virtual showrooms 20202025

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Earnings Presentation Q2 FY23

Awards & Reco nition g

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Earnings Presentation Q3 FY23

Creating differentiation across brands & products

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Domestic home textile brands Domestic home textile brands International home textile brands International home textile brands Marquee Customers Marquee Customers
Bed Bed
Bath
Bath
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Trident’s home textile brands are across a range of luxury, premium, essentials, exclusive and gifting products

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Earnings Presentation Q3 FY23

Snapshot Q3 FY23

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Total Income EBITDA Margin PBT Margin Free Cashflow
INR 16,247 Mn 17.17% 11.28% INR 5,006 Mn
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Capacity Utilization

Revenue Segment

Q3 FY22 Q3 FY23

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Q3 FY22
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Q3 FY23
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13%
100%
21%
92%
90%
82%
69%
64% 65%
57%
29%
58% 17%
62%
Yarn Towel Bedsheets Paper Bed & Bath Linen Yarn Paper Bed & Bath Linen Yarn Paper
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9

Earnings Presentation Q3 FY23

Shareholdin and Dividend Pa out g y

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Key Market Statistics (30 [th] Dec 2022)
(INR)
BSE Ticker 521064
NSE Ticker Trident
Bloomberg code TRID:IN
Reuters TRIE.NS
Market Price 34.25
Market Cap (in million) 174,538
Outstanding shares (in million) 5096
Face value per share 1
52 week low/high 30.5/63.9
Stock price movement
60 53.4 53.7
50
38.7
36.5
34.3
40
28.0
30
16.35
14.05
20 9.9
6.7
10
0
Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22
Series1
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Shareholding Pattern (31[st] December 2022)

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Promoters
25.3
1.8 Non-Promoters, Non-Public
72.9 Public
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Dividend

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0.8 65% 70%
53%
0.7 60%
50%
0.6
50%
29%
0.5 35%
23% 40%
0.4 27%
30%
0.3
20%
0.2
0.1 10%
0 0%
FY17 FY18 FY19 FY20 FY21 FY22 FY23
Dividend Dividend Payout Ratio
DPR for FY23 is annualized in nature
0.15 0.15 0.36 0.36 0.36 0.36 0.36
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10

Earnings Presentation Q3 FY23

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Competitive Advantage

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Competitive cost of production

• Competitive labor, 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

Favorable Government Policies

• Focus on ‘Make in India’

• Export enhancement

• Scheme of setup of Mega Textile Parks

Cotton quality and availability

• Largest producer of cotton

• Surplus available for export

India geography of choice for Home Textiles

Backward Integration with yarn

• Lower variance in profitability

• ▪ Hedge against raw material price fluctuations

• Maintenance of high-quality standards

• ▪ Traceability of origin

• Consistent delivery of products

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Qualified and skilled manpower

• Large, young and talented workforce

• Competitive though increasing cost of labor

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Global friendly environment

• Stable democracy and comfort with global languages

• Evolving practices in line with MNCs

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11

Earnings Presentation Q3 FY23

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INDUSTRY OVERVIEW

12

Earnings Presentation Q3 FY23

Global Industry Overview

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In 2021, the global textile and apparel trade was US$ 871 bn. having grown at approx. 3% CAGR since 2017. It is expected to reach US$ 1.2 trillion by 2030 growing at a CAGR of 4%.

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1,300 1,200 1,200
80
1,000
1,100
85 1,000
871
75
839
900 789 70
71 800
70
50 60
51
700 50
715
600
575
500 493
482
455
400
300
200
175
148 150 152
200
100
52 52 58 65 75
34 34 37 40 45
2017 2019 2021 2025 (P) 2030 (P)
(100) -
Fiber Yarn Fabric Apparel Home Textiles Other Total
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Data Source: UN Comtrade and Wazir Analysis

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Earnings Presentation Q3 FY23

India’s Domestic Industry Overview

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India’s domestic textile & apparel has grown from US$ 50 bn in 202011 to US$ 110 bn in 2022, registering a growth of 7%.

The market is further expected to grow at 10% CAGR from 2021-22 to reach US$ 250 bn. by 2030-31.

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300 250 250
250
16 200
165
54
200
150
125 11
150
110
106 34
9 100
100 8 8 24
20 22 180
50
120 50
50 4 92
11 78 80
35
- -
2011 2020 2022 2023 (E) 2026 (P) 2031 (P)
Apparel Technical Textiles Home Textiles Total
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Data Source: Wazir Analysis

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Earnings Presentation Q3 FY23

INDIA’s share in US Market

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US Imports of Cotton Sheets

US Imports of Terry Towels

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100% 100%
90% 90%
80% 80%
70% 70%
60% 60%
50% 50%
40% 40%
30% 30%
20% 20%
10% 10%
0% 0%
2022 2022
2018 2019 2020 2021 2018 2019 2020 2021
(Jan-Nov) (Jan-Nov)
ROW 13% 12% 14% 11% 12% ROW 16% 16% 16% 16% 18%
Pakistan 17% 19% 20% 20% 23% Pakistan 20% 21% 21% 21% 22%
China 21% 19% 14% 12% 14% China 25% 24% 21% 19% 20%
India 49% 50% 52% 57% 51% India 39% 39% 42% 44% 40%
India China Pakistan ROW India China Pakistan ROW
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Source: OTEXA, US Imports

15

Earnings Presentation Q3 FY23

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QUARTERLY & OPERATIONAL HIGHLIGHTS

16

Earnings Presentation Q3 FY23

Quarterly Highlights (P&L)

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Particulars	Q3FY23	Q3FY22	Y-o-Y Change	Q2 FY23	Q-o-Q Change
Total Income	16,247	19,611	(17.2%)	14,239	14.1%
EBITDA	2,790	4,063	(31.3%)	1,477	88.9%
Depreciation	777	775	0.3%	775	0.3%
Finance Cost	180	224	(19.6%)	196	(8.2%)
Profit before Tax	1,833	2,813	(34.8%)	506	262.3%
Net Profit	1,420	2,091	(32.1%)	397	257.7%
Cash Profit	2,198	2,866	(23.3%)	1,998	87.7%
EPS	0.28	0.42	(33.3%)	0.07	300.0%

Figures in INR Million except EPS

17

Earnings Presentation Q3 FY23

Quarterly Margins (P&L)

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20.7%
17.2%
10.4%
Revenue Exports
21600 100%
20400 95%
19200 90%
Q3 FY22 Q2 FY23 Q3 FY23
85%
18000
80%
16800
75%
15600
70% 16.8%
14400
65%
13200 63% 60% 60% 12.4%
12000 55%
10800 50%
4.9%
9600 48% 45%
8400 40%
35%
7200 Q3 FY22 Q2 FY23 Q3 FY23
30%
6000
25%
4800
20% 10.7%
3600
15% 8.7%
2400 10%
1200 5%
0 0%
Q3 FY22 Q2 FY23 Q3 FY23 2.8%
Revenue in INR Million
Q3 FY22 Q2 FY23 Q3 FY23
EBITDA MARGIN
EBIT MARGIN
Exports as of Revenue
19611 14239 16247 PAT MARGIN
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18

Earnings Presentation Q3 FY23

Quarterly Highlights (B/S)

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Particulars	As on Dec 2022	As on Dec 2021	As on Sep 2022
Net Worth	39,280	36,294	37,596
Short Term Loans	6,370	12,268	6,267
Long Term Loans	6,097	3,818	5,235
Gross Debt	12,467	16,086	11,503
Cash & Cash Equivalents	4,001	1,237	3,992
Net Debt	8,466	14,849	7,511
Total Assets	62,005	63,497	59,413

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0.41
0.22
0.20
Q3 FY22 Q2 FY23 Q3 FY23
1.27
0.91
0.76
Q3 FY22 Q2 FY23 Q3 FY23
(in times)
NET DEBT/ EQUITY
(in times)
NET DEBT/ EBITDA
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Figures in INR Million

Net Debt/ EBITDA are annualized in nature

19

Earnings Presentation Q3 FY23

Segment Highlights (P&L)

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Particulars	Q3 FY23	Q3 FY22	Y-o-Y Change	9MFY23	9MFY22	Y-o-Y Change
Textile
Revenue	12,794	17,059	(25.0%)	37,005	43,691	(15.3%)
EBIT	1,238	2,871	(56.9%)	2,289	8,507	(73.1%)
EBIT Margin	9.7%	16.8%	(710 Bps)	6.2%	19.5%	(1330 Bps)
Paper
Revenue	3,390	2,520	33.6%	10,041	7,029	42.9%
EBIT	1,006	581	76.0%	2,959	1,786	65.7%
EBIT Margin	29.7%	23.1%	660 Bps	29.5%	25.4%	410 Bps

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Revenue
21%
79%
Textile Paper
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Figures in INR Million

20

Earnings Presentation Q3 FY23

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SUMMARY OF FINANCIAL STATEMENTS

21

Earnings Presentation Q3 FY23

Historical P&L Statement

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Particulars	FY19 FY20 FY21 FY22 9MFY23
Total Income	52,653 47,240 45,353 69,415 47,203
EBITDA	10,231 8,653 8,270 15,100 6,855
Depreciation	3,639 3,333 3,365 3326 2,312
EBIT	6,592 5,320 4,905 11,774 4,543
Finance cost	1,123 1,108 720 857 557
Profit before tax	5,469 4,212 4,451 10,917 3,986
Tax	1,760 794 994 2,767 931
Profit after tax	3,709 3,418 3,457 8,150 3,055
EPS (Actuals)	0.73 0.67 0.68 1.63 0.61
Cash Profit	7,348 6,751 6,822 11,224 5,367

Recent performance and growth

• ✓ Total Revenue for the 9MFY23 stood at INR 47,203 Mn with sales decline of 7.2% as compared to 9MFY22 owing to primarily the decrease in demand in Q2FY23.

• ✓ PBT has decreased by 53% Y-o-Y in 9MFY23 due to increase in input prices & demand scenario.

• ✓ EBITDA Margin stood at 14.50% in 9MFY23. ✓ Finance cost has decreased by 17% in 9MFY23.

Margin improvement initiatives

• ✓ Move to higher retail price points products, focusing on higher thread count sheets and higher GSM Towels

• ✓ Develop new and innovative products leveraging consumer sentiments and behavior to earn premium

• ✓ Catering to luxury, fashion accents, & sports segments

• ✓ Increasing capacity utilization of plants through digitization of processes and adopting lean practices

Figures in INR Million

22

Earnings Presentation Q3 FY23

Historical Balance Sheet

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	As on	As on	As on	As on	As on
Particulars
	March 31, 2019	March 31, 2020	March 31, 2021	March 31, 2022	December 31, 2022
CAPITAL AND LIABILITIES
Capital	5,096	5,096	5,096	5,096	5,096
Reserves and surplus	24,216	24,573	28,070	32,876	34,184
Borrowings	24,358	19,518	15,355	15,706	12,467
Deferred tax liabilities	4,083	3,367	3,208	3,039	2,965
Other liabilities and provisions	3,279	4,630	5,813	7,590	7,293
TOTAL	61,032	57,184	57,542	64,307	62,005
ASSETS
Cash and cash equivalents	95	3,183	984	2,520	1,237
Balances with bank	156	190	139	214	2,764
Inventory	10,010	9,120	10,083	12,904	9,556
Trade receivables	6,620	2,785	4,545	5,285	3,747
Property, plant & equipment	36,725	35,734	36,979	36,202	40,473
Other assets	7,426	6,172	4,812	7,182	4,228
TOTAL	61,032	57,184	57,542	64,307	62,005

Net Debt reduced by 44.7% in last three years ( FY19 to FY22)

Figures in INR Million

23

Earnings Presentation Q3 FY23

Financial Performance

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REVENUE

EBITDA

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58% 67%
700006950069000685006800067500670006650066000655006500064500640006350063000625006200061500610006050060000595005900058500580005750057000565005600055500550005450054000535005300052500520005150051000505005000049500490004850048000475004700046500460004550045000445004400043500430004250042000415004100040500400003950039000385003800037500370003650036000355003500034500340003350033000325003200031500310003050030000295002900028500280002750027000265002600025500250002450024000235002300022500220002150021000205002000019500190001850018000175001700016500160001550015000145001400013500130001250012000115001100010500100009500900085008000 54% 56% 65% 72% 53% 80.0%70.0%60.0%50.0%40.0%30.0%20.0%10.0%0.0%
FY18 FY19 FY20 FY21 FY22 9MFY22 9MFY23
Revenue (in INR million) Exports
PBT
10.0%
11500 15.7% 16.8% 18.0%
11000
1050010000 9.0% 10.0% 16.0%
95009000 8.0% 14.0%
8500
8000
7500 12.0%
7000 8.5%
6500 10.0%
6000
5500
5000 8.0%
4500
4000 6.0%
3500
3000
2500 4.0%
2000
15001000 2.0%
500
0 0.0%
FY18 FY19 FY20 FY21 FY22 9MFY22 9MFY23
PBT (in INR million) PBT margin
46,403 52,653 47,240 45,353 69,415 50,885 47,203
3,918 5,469 4,212 4,452 10,916 8,576 3,986
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21.7%
15000 35.0%
14500
14000
13500
1300012500 23.1% 30.0%
12000
115001100010500 19.6% 19.4% 18.3% 25.0%
100009500 18.2% 14.5% 20.0%
9000
8500
8000
7500 15.0%
7000
6500
60005500 10.0%
5000
4500
4000 5.0%
3500
3000
2500
2000 0.0%
FY18 FY19 FY20 FY21 FY22 9MFY22 9MFY23
EBITDA (in INR million) EBITDA Margin
9,140 10,292 8,653 8,270 15,100 11,765 6,855
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PAT
11.7% 12.6%
5000
4500 12.0%
4000
7.0% 7.2% 10.0%
3500 7.6% 6.5%
3000 5.7% 8.0%
2500
6.0%
2000
1500 4.0%
1000
2.0%
500
0 0.0%
FY18 FY19 FY20 FY21 FY22 9MFY22 9MFY23
PAT (in INR million) PAT margin
2,659 3,709 3,418 3,457 8,150 6,414 3,055
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Earnings Presentation Q3 FY23

Ratios Summary

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Type	Parameters	FY20	FY21	FY22	9MFY23
Solvency Ratios	Net Debt/Equity	0.54	0.42	0.34	0.22
	Net Debt/EBITDA	1.87	1.72	0.86	0.76
	Interest Coverage Ratio	7.81	11.49	17.62	12.31
Operational Ratios	Current ratio	1.04	0.99	1.25	1.54
	Fixed asset turnover	1.30	1.21	1.89	1.17
	Inventory days	70.8	81.4	68.1	74.1
	Debtor days	21.6	36.7	27.9	29.1
Return Ratios	ROE	11.5%	10.4%	21.5%	10.4%
	ROCE	10.8%	10.1%	21.9%	11.7%

Net Debt/ Ebitda, ROE & ROCE - are annualized in nature

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Earnings Presentation Q3 FY23

Se ment Overview g

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Textiles

Paper

Largest Player in terms of Terry Towel Capacity & One of the largest players in Home Textile Space in India

Highest Operating Margin among Key Listed Players in India

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Revenue Split between segments

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FY23 54% 25% 21%
FY22 58% 28% 14%
FY21 64% 20% 16%
FY20 54% 26% 20%
FY19 51% 30% 19%
FY18 48% 33% 19%
Bath & Bed Linen Yarn Paper
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26

Earnings Presentation Q3 FY23

Se mental Performance Annual g

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Capacity -Towels (in 000’tons)

Capacity-Bed Linen (In Mn meters)

Revenue Mix

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10090 45% 49% 48% 53% 61% 70%60% 10090 80% 88% 100%90%
70000 22.0% 80 48% 80 80%
60000 18.4% 70 50% 70 63% 60% 62% 70%
17.0% 60 40% 60 44% 60%
5000040000 6.0% 8.0% 8.0% 10.0% 6.2% 12.0% 50 30% 50 50%
40 40 40%
30000 7.0% 30 20% 30 30%
20000 20 20 20%
2.0% 10%
10000 10 10 10%
0 -3.0% 0 0% 0 0%
FY18 FY19 FY20 FY21 FY22 9MFY23 FY18 FY19 FY20 FY21 FY22 9MFY23 FY18 FY19 FY20 FY21 FY22 9MFY23
Sales (in INR million) EBIT Margin Capacity Utilization Capacity Utilization
Revenue Mix Copier vs Non-Copier Revenue Mix Capacity Utilization (Tonnage Basis)
250 89% 89% 90% 92%
12000 37.1% 33.6% 29.5% 40.0% 90%
10000 32.0% 25.9% 23.8% 35.0%30.0% 40% 200 86% 79% 86% 88%86%
8000 25.0% Copier 150 84%
82%
6000 20.0%
100 80%
15.0% Non-Copier
4000 60% 78%
43.2
37799 42229 37776 38161 59394 37005 90.0 90.0 90.0 90.0 90.0 67.5 43.2 43.2 43.2 43.2 32.4
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89% 89% 90%
86% 86%
79%
50
0
FY18 FY19 FY20 FY21 FY22 9MFY23
Capacity Utilization
175.0 175.0 175.0 175.0 175.0 131.3
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37.1% 33.6% 29.5% 40.0%
32.0%
23.8%
25.9%
30.0%35.0%30.0% 40%
Copier
25.0%
20.0%
15.0% Non-Copier
10.0% 60%
5.0%
0.0%
FY18 FY19 FY20 FY21 FY22 9MFY23
Sales (in INR million) EBIT Margin
8579 9970 9225 7041 9800 10041
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(FY22)

27

Earnings Presentation Q3 FY23

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COMMITTED TO THE ESG & WOMEN EMPOWERMENT

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Earnings Presentation Q3 FY23

Environment Friendl Entit y y

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Zero liquid discharge

Water

Around 95% Water Recovery , 15% less water consumption than benchmark of 50 meter/cubic per ton Recovery of 2822 million liters of water annually.

Trees

8100+ trees are saved on daily basis by using Agro Waste (wheat straw & sugarcane waste

CO2 Emission

Certified by Carbon Footprint for releasing Approx. 58% less emission of Co2/kg with use of wheat straw paper vs wood pulp.

• Cleaning of Narmada river every quarter in order to provide clean water and area to the locals resulting removal of 100 MT waste over period of 3 years.

Energy

• Current renewable energy consumption is 25% using solar power plant as of 2022 .

• Aiming to use 50% renewable energy by 2025 .

• Commission of 8.87 MW Solar Power Plant in Oct,2022.

Green Belt

• Over 9 lacs trees planted to reduce the impact of climate change.

• Endeavoring to take the number of trees planted to 15 lacs trees by 2025

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Earnings Presentation Q2 FY23

Committed towards Social Cause

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Uplifting the differently abled

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• Impacting 10000+ youths through short/long term skill development through Takshashila Academy.

• Sponsored education of 900+ students and supply of books provided to more than 10000 children.

Trident Foundation’s Initiatives towards Society

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Opportunities for Farmers

• Motivated farmers to sell wheat straw waste and prevented it from burning in open fields.

• Village cluster adoption – 200 Villages & More than 26,500 hectares of land and 17,498 farmers impacted

Women Empowerment

• Impacted 11k+ women through health & hygiene initiatives.

• Sewing centers in 5 villages providing handicraft training and impacting 200+ families through our Hastkala initiative.

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Promoting healthy lifestyle

• Refuse single use plastic awareness to 5000+ families.

• Toilets built for 2000+ individuals to discourage open defecation.

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• Provision of drinking water facilities to 18500+ people

Medical Facilities

• Mega Medical Camps & Mobile dispensaries covering 3 lakh+ members.

• Madhuban Hospital providing affordable healthcare services to 18080+ families.

• 13070 patients provided with ophthalmologist services.

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Earnings Presentation Q2 FY23

Efficient Corporate Governance

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National Award for Excellence in Corporate Governance 1

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2 times stood among the Top 25 Indian Corporates adopting Good
Corporate Governance
times National Recognition for Good Corporate Governance
3
India Rating CARE CRISIL D&B
AA (Positive Outlook): AA (Positive Outlook): AA ( Stable Outlook ):
Non- Convertible LT Borrowings LT Borrowings 5A1 : Business Rating
Debentures A1+: ST Borrowings A1+ : ST Borrowings
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Earnings Presentation Q3 FY23

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WAY FORWARD

32

Earnings Presentation Q3 FY23

Future Pros ects - CAPEX p

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Particulars	Yarn	Bedlinen	Co-Gen	Bathlinen	Chemicals
Existing Capacity	Spindles- 5.89 Lacs; Rotors- 7464 and Air Jet – 320	1.2 Lacs Mtrs/day	49.4 MW	622 Looms	1.1 Lacs TPA
Existing Capacity Utilization(FY22)	87%	88%	71%	61%	97%
Proposed Capacity Addition	Spindles- 98,496, Rotors-3600 & Spindles – 94,848	70,000 Mtrs/day	16.3 MW	42 Looms	1.05 Lacs TPA
Expected Commercial Operation	September 2023			June 2023	March 2024
Investment Required	INR 12800 Mn	INR 4680 Mn	INR 1750 Mn	INR 2470 Mn	INR 1000 Mn

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The mode of financing of all these projects will be through Debt & Equity.

The capex plans will help to leverage business expertise and capture business synergies.

This will result into increased competitive advantage for the company and will help to meet increased demand.

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Earnings Presentation Q3 FY23

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THANK YOU

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GET IN TOUCH

Mr. Avneesh Barua/ Mr. Rahul Sharma Investor Relations, Trident Limited Tel: +91 161 5039 999 Fax: +91 161 5039 900 Email: corp.relations@tridentindia.com Visit us @ www.tridentindia.com / www.myTRIDENT.com

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Earnings Presentation Q2 FY23