Slide 1: Exchange filing cover letter for investor presentation
29th July, 2024 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. S
Slide 2: Arvind Limited Q1 FY25 Results Investor Review Note
Arvind Limited Q1 FY25 Results Investor Review Note 29th July 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: Context for Q1 results: Industrial action during May-Jun 24
Context for Q1 results | Industrial action during May-Jun 2024 • Santej operations were partially impaired for a 21 day period during May-June 2024 owing to industrial action taken by a sub-set of workers • The strike was declared illegal by the Court, and operations restored in full capacity by mid
Slide 5: Q1 reflections – hits & misses
Q1 reflections – hits & misses What went right What could have gone better + Demand from our Textile customers remained ➢ Revenue and EBITDA loss of ~₹200 Cr & ~₹60 Cr reasonably healthy, despite multiple headwinds; we respectively, resulting from Industrial action also added few new customers durin
Slide 6: Q1 FY25 results reflect missed opportunity for growth
Q1 FY25 results reflect missed opportunity for growth ₹ Cr YoY Revenues • Overall revenue was nearly flat despite strong demand & order book 1831 -1% – Denim and Woven had volume loss – Garment volumes were up 25% – AMD also saw the impact of lower volumes in EBITDA (Without other Income) HP and Ind
Slide 7: Q1 FY25 Summary P&L
Q1 FY25 | Summary P&L YoY All figures in INR Crs Q1 FY25 Q1 FY24 Change Revenue from Operations 1,831 1,853 -1% EBIDTA (Continuing Operations) 150 180 -17% EBIDTA % 8.2% 9.7% Other Income 13 12 Interest 40 37 Cash Accruals (Continuing Operations) 122 156 -21% Depreciation 68 65 PBT 54 91 -41% Tax 11
Slide 8: Both Textiles and AMD experienced 4%-5% lower revenue, and corresponding margin impact
Both Textiles and AMD experienced 4% - 5% lower revenue, and corresponding margin impact In Inr Cr Q1 FY25 Q1 FY24 Business Revenue EBIDTA EBIDTA % Revenue EBIDTA EBIDTA % Textiles 1350 99 7.4% 1418 143 10.1% Advanced Material 329 46 13.9% 342 53 15.5% Others & Inter Segment 152 18 94 -4 Total 1831
Slide 9: Textiles: Fabric volumes impacted; Garmenting remained healthy
Textiles Fabric volumes impacted; Garmenting remained healthy Million M 32.9 31.7 28.6 29.4 27.0 Comparison for Q1 FY25 (YoY) 11.2 WOVENS Domestic 10.4 10.9 11.7 10.6 • Fabric demand remained stable for Woven, and slightly Exports* 18.2 18.5 21.7 20.0 muted for Denims 16.4 Q1 FY24 Q2 FY24 Q3 FY24 Q4
Slide 10: Denim and Woven revenue reflects both lower volumes and price realization
Textile Denim and Woven revenue reflects both lower volumes and price realization Textile revenues (₹ Crs) -5% 1,418 1,350 Denim 329 • Demand remained relatively strong across 297 all textile segments; lower volumes and prices resulted in lower revenues across both Denim and Woven segments Woven 602
Slide 11: Realisations changed due to product mix in Woven; EBITDA margins impacted
Textile Realisations changed due to product mix in Woven; EBITDA margins show impact of lower volumes Fabric realisations trended lower… … also impacted overall Textile margins ₹/m EBITDA Margins (%) 11.8 11.5 251 254 251 11.0 245 244 10.1 Denim 7.4 207 202 197 200 193 Wovens Q1 FY24 Q2 FY24 Q3 FY24
Slide 12: Advanced Materials: Human Protection and Industrials suffered volume loss; Composites strong
Advanced Materials Human Protection and Industrials segments suffered volume loss; Composites remained strong AMD performance summary Comments Revenues (₹ crores) • Human Protection and Industrials businesses have substantial capacities -4% located in the Santej campus, and saw 342 329 lower fulfill
Slide 13: Sustainability update
Sustainability update The rating received by Arvind Limited is higher than the Asia regional average of C, and higher than the Textiles & fabric goods sector average of C Arvind has been awarded an “A-” Rating, which is in leadership band, the highest awarded in this category in India, by the recent
Slide 14: Outlook for Q2 FY25 and beyond
Outlook for Q2 FY25 and beyond • Expecting a strong overall performance in Q2 • Global textile markets expected to trend up modestly, though uncertainty continues to loom – Domestic demand likely to improve tangibly given festival season and wedding buying • Demand in AMD businesses remains healthy,
Slide 15: Thank You!
Thank You!