Slide 1: Stock exchange cover letter: outcome of board meeting
LArVIno www arvlnd com May 26, 2021 To To BSE Limited National Stock Exchange of India Ltd. 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 - 400001 Bandra (E) Mumbai - 40005
Slide 2: Stock exchange cover letter (continued)
LArVIno -arvmdcom The meeting of the Board of Directors of the Company commenced at 11:30 a.m. and concluded at i : 45 p.m. We shall inform you in due course the date on which the Company will hold Annual General Meeting for the year ended 3pt March 2021. You are requested to take the above on your
Slide 3: Arvind Limited FY2021 Results
Arvind Limited FY2021 Results Review Note For Analysts and Investors 26th May 2021| Ahmedabad/ Online
Slide 4: 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 5: FY2021 and recent months have been very difficult times
FY2021 and recent months have been very difficult times for all of us, and we condole the suffering of our colleagues and their loved ones, including loss of precious lives in some cases. We are deeply thankful to our employees, associates and partners for their support and efforts in continuing to
Slide 6: We grappled with Covid-19 through FY2021
We grappled with Covid-19 through FY2021, though all our Ahmedabad factories are back to normal as wave-2 recedes Impact on Operations Arvind Response • Facilities/protocols to enable physical distancing and • Temporary factory shut-downs as sanitization per government norms – all • Short-term local
Slide 7: Q4 FY21 Highlights
Q4 FY21 Highlights Revenues • Textile volumes recovered +9% Q-o-Q 1655 – Denim Q4 volumes recovered to 113% of +1% Y-o-Y Q4 FY20 at ~20 mn Meters – Wovens recovered to 112% at ~28 mn M EBITDA (Without other Income) – Garments was 92% of previous year at 11 +28% Q-o-Q mn Pcs 208 +32% Y-o-Y • Textiles
Slide 8: FY2021 Executive Summary
FY2021 Executive Summary: strong Q4 performance helped the year end with strong EBITDA margin • Textile revenues recovered to Q4 FY20 INR Crs Q4FY21(YoY) FY2021 (YoY) levels, AMD revenues grew 11% for the quarter Revenues 1655 (+1%) 5073 (-31%) • Fixed cost reduction program delivered Textiles 1325
Slide 9: Segment wise performance
Segment wise performance – all businesses started delivering strong margins by Q4 Rs Cr Q4 FY21 Q4 FY20 Business Revenue EBIDTA EBIDTA % Revenue EBIDTA EBIDTA % Textiles 1325 167 12.6% 1352 126 9.3% Advanced Material 198 27 13.8% 179 24 13.4% Others & Adjustment 131 35 110 17 Total 1655 230 13.9% 16
Slide 10: Q4 and Full Year FY21 Consolidated P&L
Q4 and Full Year FY21 Consolidated P&L YoY YoY All figures in INR Crs Q4 FY21 Q4 FY20 Change FY21 FY20 Change Revenue from Operations 1,655 1,642 1% 5,073 7,369 -31% EBIDTA 208 158 32% 463 692 -33% EBIDTA % 12.6% 9.6% 9.1% 9.4% Other Income 21 9 52 55 Interest 51 52 225 237 Cash Accruals 178 114 57%
Slide 11: NWC saw a significant decline over two successive years
NWC saw a significant decline over two successive years Net Working Capital (INR Crs) -35% 1,848 NWC Turns 1,435 1,194 3.9 5.1 5.6* FY19 FY20 FY21 * based on annualized Q4 revenues Coupled with reduced Capital Expenditure, helped reduce debt 9
Slide 12: Consolidated Balance Sheet, as at March 31st 2021
Consolidated Balance Sheet, as at March 31st 2021 Rs Cr 31st Mar 21 31st Mar 20 Shareholders' Fund 2767 2767 Debt reduction continues as planned Share Capital 259 259 Reserves & Surplus 2460 2450 Minority Interest 47 58 -25.5% Borrowings 2002 2455 2,619 2,371 long Term Borrowings 1142 1018 1,951 Sho
Slide 13: Key indicators – Q4 FY21 Vs Q4 FY20
Key indicators – Q4 FY21 Vs Q4 FY20 EPS Debt / Equity Debt / EBIDTA 2.6 0.9 3.6 0.7 2.1 1.3 Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 ROCE ROE 13.5% 9.8% 6.8% 5.1% Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 • Net Debt is considered for Debt / EBIDTA 11 • PAT is considered before exceptional items
Slide 14: Textile revenues recovered to near FY20 levels by Q4
Textiles Textile revenues recovered to near FY20 levels by Q4; though lower on a full year basis given shortfalls in H1 Textile revenues (INR Crs) Q4 FY2021 Full year FY2021 -2% -36% 1,352 1,325 6,205 Denim 334 1,634 412 +23% -25% 3,998 Woven 390 2,164 444 +14 % 1,225 -42 % Garments 391 1,259 -8% 1,
Slide 15: Fabric volumes recovered to pre-Covid levels
Textiles Fabric volumes recovered to pre-Covid levels, Garments reached 92%; price realization improved in both Denims and Wovens during Q4 Denim volumes recovered to 113% and Garment volumes recovered Woven volumes to 112% of Q4 FY2020 to 92% of FY20 levels in H2 Denim Export Domestic Total (YoY %)
Slide 16: AMD delivered an expanded margin despite COVID challenges
Advanced Materials AMD delivered an expanded margin despite COVID related challenges Healthy top-line growth and profitability Commentary Revenue (Rs Cr) Overall focus -5% • Focus on building up differentiated product 713 679 portfolio with 35-40% gross margin 630 • Exit businesses that are taking t
Slide 17: Forward looking commentary
Forward looking commentary • Demand recovery – Export demand likely to be buoyant across most markets, especially US – Domestic demand likely to be muted until the festival buying resumes in mid Q2 – Demand for AMD products will continue to remain strong • Supply side constraints – Temporary impact
Slide 18: Thank You!
Thank You!