Avro India Ltd. · NSE:AVROIND
Avro India — Q2 FY23 Earnings Presentation
35 slides from Avro India's earnings presentation, Dec 2, 2022
Slide 1: Cover letter to NSE and BSE on investor presentation
’ COD FURNITURE Date: 02.12.2022 Listing Department Listing Department National Stock Exchange of India Ltd BSE Limited Exchange Plaza, 5t Floor, Plot No.C/1 Phiroze Jeejeebhoy Towers G Block, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai-400051 Mumbai-400001 NSE Symbol: AVROIND BSE Scrip C
Slide 2: Avro India Ltd. Q2 FY23
AVRO INDIA LTD. TVS Cm CHCl Q2 FY23
Slide 3: Company Overview
Slide 4: Avro Furniture at a glance
FURNITURE O Years Among Top 5 Plastic Products SKUs Retail experience manufacturer Touch Points PAN India Served Top Selling Brand on Amazon ZIP Code Presence Families Covered Reasonable FY 22 FY22 5 Year CAGR (FY18 — FY 22) Pricing Revenue — = 65 Cr ROE —20% Revenue — 25% EBITDA — = 6 Cr ROCE -— 19
Slide 5: Company values and strengths
FURNITURE iO Leadership in industry by Ethical in doing business Agility to serve customers Driven by passion to achieve Excellence in business Resilient to stay competitive building trust & brand delivering value to with foam work business strategles and operations and Innovative equity customers g
Slide 6: Time Line
TIME LINE AURO FURNITURE Company renamed to ‘AVON Online Presence on various MOLDPLAST PRIVATE LIMITED’. Listing on NSE Emerge as public platforms like Amazon, Flipkart, Migrated to the Main limited company efc. Board of NSE & BSE 2002 yA y UE: 2019 2020 2021 2022 Manufacturing Facility At Company n
Slide 7: Board of Directors
BOARD OF DIRECTORS FURNITURE : : : MR. SUSHIL KUMAR AGGARWAL MR. SAHIL AGGARWAL MR. NIKHIL AGGARWAL MS. ANITA AGGARWAL (Chairman) ' (Managing Director) I (Whole Time Director) ' (Non Executive Director) ae a ee . MR. PAWAN DIXIT MR. SUSHIL KUMAR GOYAL MS. RICHA KALRA MS. VANDANA GUPTA (Independent D
Slide 8: Milacron machinery partner
® FURNITURE 1) peg MILACRON® AVRO INDIA LIMITED
Slide 9: Helping Environment by Being Sustainable
HELPING ENVIRONMENT BY BEING SUSTAINABLE CWO Zero Material
Slide 10: Registered Designs
REGISTERED DESIGNS ORIGINAL THE PATENT OFFICE CERTIFICATE OF REGISTRATIONOF OFSIGN CERTIFICATE OF RIEGESTRATION OF OEEIGN Camenen Comer of Penn, Degen end Tree Merde More than 25 ORIGINAL products design registered from the Trademark Registry CTT AVRO INDIA LIMITED
Slide 11: Certification by TUV SUD
® CERTIFICATION BY TUV SUD FURNITURE UC) A eC Ce CU Cit BGs operational excellence by TUV SUD CERTIFICATE CERTIFICATE ee ee The Certification Body The Certification Body of TUV SUD South Asia Private Limited of TUV SUD South Asia Private Limited certifies that certifies that FurnrTune FURNITURE AVRO
Slide 12: Awards & Recognition
: ® AWARDS & RECOGNITION FURNITURE AWARDED BY NSE EMERGE JULY 26, 2018 117 Pe 2G de) Oe AW OB Bld EMERGING BRAND BY ABP NEWS and ie) Para eas rene) AWARDED BY POOR HELPLESS WELFARE SOCIETY CaSO PSE aU eee an MR .SUSHIL AGGARWAL ON 14th ANNUAL FUNCTION- 2018 Convenor,Cll Western U.P Panel on Emerging
Slide 13: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS TOTAL INCOME (in = cr) EBITDA (in < cr) & EBITDA MARGIN 70 8.62 60 53.57 7.10 7.68 a —— 50 44.48 = 40 5.62 4.10 30 20 10 0 a FY21 FY20 FY21 = Total Income mam EBITDA —=—EBITDA (%) ene eee eee ee ee ee ee ee ee ee ee ee ee ee ee ee ee en ee ee ee ee ee eee eee e =! PAT (in =
Slide 14: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS IMPROVING RETURN RATIOS (in) Leverage Ratios (in Times) 25.00! 10.27 10.33 20.00 15.00 5.70 10.00} @------------------------ wi 2Q So 0.52 0.25 0.29 i — oO oO FY20 FY21 FY22 2 FY20 FY21 FY22 —eROCE —=-ROE —=—Debt To Equity —i-—Intrest Coverage Ratio AVRO INDIA LIMITED 13
Slide 15: Key Financial Highlights: share data
— ® KEY FINANCIAL HIGHLIGHTS CWO FURNITURE ® NSE: AVROIND BSE: 543512 | ISIN: INE652Z01017 SHARE HOLDING PATTERN Source - NSE As on 14-11 2022! As on 30-09-2022 Share Price (=) 118.75 Market Capitalization (= Cr) 119.80 ! @ Promoter & Promoter Group No. of Shares Outstanding 1,00,87,400 ©@ Non Insti
Slide 16: Business Overview
Slide 17: Product Portfolio
PRODUCT PORTFOLIO GUO FURNITURE CHAIRS STOOLS BABY CHAIRS ALMIRAH AVRO INDIA LIMITED 16
Slide 18: Product range
17 ° wn oa ! @ FURNITURE ° ‘ joe = . i l = i 1 = ! - z 4 je . b A 3 ° a 2a a a © = AVRO INDIA LIMITED a a
Slide 19: Unique, Robust & Registered Designs
— ® UNIQUE, ROBUST & REGISTERED DESIGNS FURNITURE ® ® ® I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I e e ® @ -------------------------------------------------------------------------------------------------------
Slide 20: Strong Offline Presence
® STRONG OFFLINE PRESENCE AURO FURNITURE -----6¢ - --- -- - eH eee Available across 200+ Distributors Present at more Catering to more than 20,000 than 45Cr ee North India population ee Furniture Dealer ae ee a a a ae RL aa yet Le@ i Ls WHOLESALE SOLUTIONS Cash & Carry WHY CONSUMER eee lf Reasonable
Slide 21: Strong Online Presence
— ® STRONG ONLINE PRESENCE FURNITURE ® --=-------© -------------@ PAN INDIA ONLINE PRESENCE -------------#@ avro furniture x §Q amazon QAll @ Shopping GJ images @ Maps [) Videos ; More Tools About 9,49,000 results (0.78 seconds) pe fP P e r fr UY Government e Marketplace https:/www.avrofurniture.com
Slide 22: Among Best Selling Brands Online
— ® AMONG BEST SELLING BRANDS ONLINE FURNITURE Flipkart an oy Login Ce a Ct CLL RCE Seer ors Kien Pose Lo . Electronics TVs & Appliances Men Women Baby & Kids Home & Furniture Sports, Books & More Flights. Offer Zone ee ee ee ee eee Shopping made easy | Download the app Filters azon Home Kitchen & H
Slide 23: Avro India Limited brand ambassador
® FURNITURE DEEPAK AGRAW, == AVRO INDIA LIMITED
Slide 24: Social media presence
® FURNITURE 0 a VoOoO O° £ 0 © WhatsApp avrofurniture Message na G@ BaD e , :4 vuRNITURS 939 posts _—_2,132 followers 222 following fetret lord 7 eee @ Message Q AVRO Furniture x 2 AVRO Furniture, A state of the art plastic moulded furniture company with an aim a serve every household of India. Abou
Slide 25: YouTube Videos for Product Demos & Assembly
— ® YOUTUBE VIDEOS FOR PRODUCT DEMOS & ASSEMBLY FURNITURE @iVoutube * Search Q ey a = Premium" Search Q gy Gh HB ® Assembly Video of AVRO Product AVRO FURNITURE - 1/5 ao x«% FURNITURE Delta Multipurpose Table EASY ASSEMBLING VIDEO Assembly Video AVRO FURNITURE "=" Magna Table Assembly Video| AVRO FU
Slide 26: Industry Overview
Slide 27: Peer Comparison
® FURNITURE PEER COMPARISON 800.00 700.00 600.00 500.00 400.00 300.00 200.00 100.00 So 4 0.00 Supreme Industries a Prima Plastics Avro India Limited Nilkamal Limited Limited Limited @ EBITDA Margin 8.62 13.61 20.65 10.78 PAT Margin 4.57 13.61 13.61 10.78 ROE% 20.09 5.48 12.61 4.74 ROCE% 19.32 10.31
Slide 28: Financial Overview
Slide 29: Quarterly Performance Highlights
NG RO} QUARTERLY PERFORMANCE HIGHLIGHTS FURNITURE TOTAL INCOME (in = cr) EBITDA & PAT (in = cr) MEBITDA BM PAT 2.09 14.67 ot 1.21 1.05 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 AVRO INDIA LIMITED 28
Slide 30: Q2 FY23 Results Highlight
— ® Q2 FY23 Results Highlight CWO FURNITURE In & Cr BS Net Sales 21.48 14.60 41.72 26.71 Other Income 0.09 0.07 0.16 0.10 Total Income 21.57 14.67 46.97% 41.88 26.81 56.21% Expenses Raw Material costs 16.20 10.46 31.90 20.04 Employee Benefit Expenses 0.33 0.35 0.62 0.67 Other Expenses 2.95 2.64 5.10
Slide 31: Profit & Loss Statement
® PROFIT & LOSS STATEMENT OUGO FURNITURE In = Cr Net Sales 44.07 53.27 64.74 Other Income 0.41 0.30 0.46 Total Income 44.48 53.57 65.20 Expenses Raw Material costs 43.46 47.75 Employee Benefit Expenses 1.33 1.28 Other Expenses 4.67 10.56 Total Expenditure 49.46 59.59 EBIDTA 4.11 5.61 EBIDTA(%) 7.67
Slide 32: Balance Sheet
_ ® BALANCE SHEET FURNITURE In = Cr Equity 10.09 Non Current Assets Reserves 10.02 14.44 10.60 Fixed assets 8.15 10.46 12.15 Total Equity 13.27 17.69 Non-current investments 0.00 0.00 0.00 Non-current Liabilities Other Non-Current Financial Assets 0.00 0.00 0.00 Long-term borrowing 0.99 0.50 Other n
Slide 33: Revenue Analysis
— ® REVENUE ANALYSIS OUGO FURNITURE ® TOTAL INCOME (in = cr) REVENUE (in = cr) I 70 | 70.00 61.63 60 53.57 60.00 50.68 50 44.48 ! 50.00 43.22 40 1 40.00 30 ! 30.00 20 | 20.00 + 10.00 0.85 2.59 3.47 | 0.00 PF | FY20 FY21 | FY20 FY21 FY22 I ' HOnline wm Offline = Total Income I I rr ne en nn en nn nnn
Slide 34: Safe Harbor Statement
® SAFE HARBOR STATEMENT CWO FURNITURE In = Cr This presentation and the accompanying slides (the “Presentation”), which have been prepared by AVRO India Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 35: Thank you
® © FURNITURE aia