Slide 1: Cover letter to BSE and NSE on investor presentation
25th January, 2023 To, To, BSE Limited National Stock Exchange of India Limited Listing Dept. / Dept. of Corporate Services, Listing Dept., Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block, Dalal Street, Bandra‐Kurla Complex, Mumbai ‐ 400 001. Bandra (E), Mumbai ‐ 400 051
Slide 2: Arvind Limited Q3 FY23 results Investor Review Note
Arvind Limited Q3 FY23 results Investor Review Note 25th January 2023
Slide 3: Safe harbour statement
Safe harbour statement Certain statements contained in this document may be statements of future expectations and other forward looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results, perfor
Slide 4: Q3 FY23 highlights | good performance given market conditions
Q3 FY23 highlights | good performance given market conditions ₹ crs YoY Sequential Revenues • Topline grew for Woven and AMD, degrew for Denim and others – Woven volumes remained strong 1980 -13% -9% – Denim volumes saw decline and garment volumes were under pressure – AMD grew 26% EBITDA (Without o
Slide 5: Q3 FY23 Consolidated P&L | healthy PAT on 9mo basis
Q3 FY23 Consolidated P&L | healthy PAT on 9mo basis YoY YoY All figures in INR Crs Q3 FY23 Q3 FY22 Change 9M FY23 9M FY22 Change Revenue from Operations 1,980 2,270 -13% 6,502 5,813 12% EBIDTA (Continuing Operations) 186 241 -23% 608 552 10% EBIDTA % 9.4% 10.6% 9.4% 9.5% Other Income 12 13 32 40 Int
Slide 6: AMD delivered robust growth and improved margins; Textiles challenged by lower volumes
AMD delivered robust growth and improved margins; Textiles challenged by lower volumes in Denim and Garments ₹ Cr Q3 FY23 Q3 FY22 Business Revenue EBIDTA EBIDTA % ROCE % Revenue EBIDTA EBIDTA % ROCE % Textiles 1549 161 10.4% 14.6% 1917 217 11.3% 22.8% Advanced Material 337 46 13.7% 26.4% 267 35 13.0
Slide 7: Lower volumes drove down revenues in Denim and Garments, Wovens steady
Textile Lower volumes drove down revenues in Denim and Garments, Wovens revenues remained steady Textile revenues (₹ Crs) Denim • Quarterly volumes appear to be stabilizing 1,917 -12% around 11-12M m 1,758 • Realization started trending down in Denim 576 1,549 tandem with cotton prices and contribut
Slide 8: Volumes dropped in Denim & Garments as customers continue to postpone purchases
Textile Volumes dropped in Denim & Garments as customers continue to postpone purchases Million M 25 22 Domestic 8 20 • Consumer confidence in the 8 US markets continued to be DENIM 8 13 11 low thru November, but saw a Exports* 18 6 4 jumped from 101.4 to 108.3 in 14 12 7 6 December, to a large exte
Slide 9: Strong realization helped manage textile margins
Textile Strong realization helped manage textile margins Rupee price realization kept up with costs.. … helped manage textile margins ₹/m 294 EBITDA Margins (%) 287 271 Denim 11.3 10.7 10.4 9.7 9.7 248 226 215 219 216 200 Wovens 185 Q3 fy22 Q4 Q1 fy23 Q2 Q3 Q3 fy22 Q4 Q1 fy23 Q2 Q3 8
Slide 10: AMD continues to grow at 20%+ and ROCE also continues to increase
Advanced Materials AMD continues to grow at 20%+ and ROCE also continues to increase Revenues (₹ crores) ROCE (%)* Human Protection +20% 1,025 Industrials 22 22 Composites 20 20 18 713 679 498 18 9M FY’23 revenues: ₹ 930 cr (+23% yoy) 16 15 329 294 14 274 313 337 12 279 232 217 177 136 162 10 9 254
Slide 11: Outlook for Q4
Outlook for Q4 Export markets seeing lower than expected slow-down, though wholesale buying is yet to pick-up • Marco environment in US/EU markets has started to show some improvement in the outlook, though the overall prognosis still remains cautious given still higher than target inflation in US,
Slide 12: Thank You!
Thank You!