Slide 1: Exchange filing cover letter
AfVIOD w..w.arvlnd.com 5th May, 2024 To, To, BSE Limited National Stock Exchange of India limited Listing Dept. I Dept. of Corporate Services, List ing Dept.( Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block, Dalal Street, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (E
Slide 2: Arvind Limited Q4 & FY24 Results Investor Review Note
Arvind Limited Q4 & FY24 Results Investor Review Note 06th May 2024| Ahmedabad
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: Q4/FY24 reflections – hits & misses
Q4/ FY24 reflections – hits & misses What went right What could have gone better + Textiles demand bottomed out and reviving since Q3; ➢ Price deflation kept the revenue numbers orderbook for Q1/Q2 reflects resumed buying muted across the board in H1 + Integration of Textiles businesses completed, v
Slide 5: All round strong performance in Q4 FY24
All round strong performance in Q4 FY24 – revenue growth, margin expansion, healthy returns and debt reduction ₹ Cr YoY Sequential Revenues YOY • Top-line driven by volume growth 2075 10% 10% – Textile revenue up 5% due to higher volumes in Denims, Knits and Garments – AMD grew by 21% backed by 17%
Slide 6: FY24 delivered healthy performance despite H1 demand challenges
On Full year basis FY24 delivered healthy performance, despite demand challenges in H1 ₹ crs YoY Revenues • FY2024 started on a weak note given high customer inventories and uncertain demand 7738 -8% • Lower RM and input costs drove down prices which reduced revenues (despite healthy volumes) – Text
Slide 7: Full year FY24 EBITDA margins improved; PAT reflects higher tax
Full year FY24 EBITDA margins improved; PAT reflects higher tax incidence YoY All figures in INR Crs FY24 FY23 Change o Tax rate for current FY - 24% Revenue from Operations 7,738 8,382 -8% EBIDTA (Continuing Operations) 845 800 6% EBIDTA % 10.9% 9.5% o There was a positive impact Other Income 41 45
Slide 8: Margins increase across both segments led to ~15% ROCE in Q4
Margins increase across both segments led to ~15% ROCE in Q4 In Inr Cr Q4 FY24 Q4 FY23 Business Revenue EBIDTA EBIDTA % ROCE % Revenue EBIDTA EBIDTA % ROCE % Textiles 1504 173 11.5% 15.0% 1431 135 9.5% 11.0% Advanced Material 387 61 15.8% 32.0% 320 47 14.5% 28.9% Others & Inter Segment 183 17 130 21
Slide 9: Consolidated Balance sheet as on 31st Mar 2024
Consolidated Balance sheet as on 31st Mar 2024 th st Particulars 31st Mar 24 30 Sep 23 31 Mar 23 Shareholders' Fund 3621 3426 3404 • Gross borrowings has Share Capital 262 262 262 decreased by ~ ₹78 Cr Reserves & Surplus 3281 3100 3084 Minority Interest 78 64 59 compared to March 2023. Borrowings 13
Slide 10: All round improvement in FY24
All round improvement in FY24 EPS Debt / Equity Debt / EBITDA 13.4 12.8 0.57 2.0 9.7 1.6 0.40 1.4 0.35 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 ROCE ROE 11.9% 12.3% 12.5% 10.4% 9.4% 8.5% FY22 FY23 FY24 FY22 FY23 FY24 *EPS is before exceptional items 9
Slide 11: Textiles: Volumes improved across all segments in Q4
Textiles Volumes improved across all segments in Q4 Million M 31.6 32.9 31.7 28.6 29.4 Comparison for Q4 (YoY) 11.2 WOVENS Domestic 14.4 10.4 10.9 11.7 • Woven volumes are steady Exports* 17.1 18.2 18.5 21.7 20.0 • Denim Volumes recovered in Q4 while garments volume Q4 FY23 Q1 Q2 Q3 Q4 FY24 showed g
Slide 12: Textile revenues de-grew in FY2024 due to raw material price deflation
Textile On a full year basis, Textile revenues de-grew in FY2024 due to raw material price deflation Textile revenues (₹ Crs) -14% Denim +5% 6,716 • Volume improved in Q4 with steady realization 1,504 • Full year impacted by both volumes and pricing 5,803 1,431 1,586 330 1,257 Woven Denim 303 • FY24
Slide 13: Sales realisation is steady while Textile margin continue to improve
Textile Sales realisation is steady while Textile margin continue to improve Fabric realisation are steady… … Textile margins continue to trend up ₹/m EBITDA Margins (%) 11.8 11.5 261 11.0 251 254 251 10.1 245 9.5 Denim 209 207 202 200 197 Wovens Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY
Slide 14: AMD sustained growth: 21% for Q4 and 14% on full year
Advanced Materials AMD sustained growth | 21% for Q4 and 14% on full year basis AMD performance summary Comments ₹ Cr • Q4 revenues were up 21% as impact of +21% +14% price adjustments tapered off; full year growth of 14% reflects lower input costs 387 1,428 and prices earlier in the year 1,250 320
Slide 15: Proposal to transfer AMD to Arvind Advanced Materials Limited
Proposal to transfer AMD to Arvind Advanced Materials Limited (AAML), a 100% subsidiary of Arvind Limited Rationale Advanced Material business has tailwinds and is all set for growth with the base having been created • This will require being ready for opportunities, both organic and inorganic • Whi
Slide 16: Process, Consideration & Impact on Business
Process, Consideration & Impact on Business Process • The transfer AMD to AAML will be through NCLT scheme and be subject to approvals of regulatory authorities, creditors and shareholders. The process may take about 9 months. • The Appointed Date for the transfer is April 1, 2024. Consideration The
Slide 17: Outlook for FY25 – uptick in revenue growth and margins
Outlook for FY25 – uptick in revenue growth and margins Demand With Inventory correction behind, and fresh order booking and onboarding of new customer, demand outlook is positive for FY25 Costs Cotton and other input cost is expected to remain range bound Revenue & Margin • Overall revenues expecte
Slide 18: Thank You!
Thank You!