Slide 1: Exchange filing cover letter for revised investor presentation
27th July, 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. S
Slide 2: Arvind Limited Q1 FY24 results Investor Review Note
Arvind Limited Q1 FY24 results Investor Review Note 27th Jul 2023| 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: Q1 FY24 performance was flat on a sequential basis
Q1 FY24 performance was flat on a sequential basis (similar to Q4 FY23) ₹ crs YoY Sequential Revenues • On a quarterly basis, Q1 performance was similar to Q4 – Denim volume recovered by 2M meters which offset drop 1853 -21% -1% in Woven volume – Garments produced over 800k additional pieces leading
Slide 5: Consolidated P&L | steady performance on sequential basis
Consolidated P&L | steady performance on sequential basis YoY QoQ All figures in INR Crs Q1 FY24 Q1 FY23 Q4 FY23 Change Change Revenue from Operations 1,853 2,352 -21% 1,881 -1% EBIDTA (Continuing Operations) 180 220 -18% 191 -5% EBIDTA % 9.7% 9.4% 10.1% Other Income 12 8 12 Interest 37 40 38 Cash A
Slide 6: Textile margins improved while revenue declined; AMD continued to show growth
Textile margins improved while revenue declined| AMD continued to show growth of +20% with robust margins In Inr Cr Q1 FY24 Q1 FY23 Business Revenue EBIDTA EBIDTA % ROCE % Revenue EBIDTA EBIDTA % ROCE % Textiles 1418 143 10.1% 11.8% 1976 192 9.7% 17.3% Advanced Material 342 53 15.5% 31.7% 279 32 11.
Slide 7: Textile revenues remained flat on a sequential basis
Textile Textile revenues remained flat on a sequential basis Textile revenues (₹ Crs) Denim • Volumes recovered by more than 1 Mn 1,976 meters for the quarter • Price realizations remained low reflecting -1% soft cotton prices Denim 541 1,432 1,418 329 Woven 303 +9% Woven 717 • Q1 volume declined to
Slide 8: Denim and Garment volumes started to recover
Textiles Denim and Garment volumes started to recover; Woven volumes in Retail were lower for the quarter • Improved volumes in Denim Million M 32 32 31 32 and Garments as global 29 brands and retailers have WOVENS Domestic 14 15 13 14 10 resumed buying post the inventory correction cycle Exports* 1
Slide 9: Price realisation trending down reflecting lower RM prices; Margins preserved
Textile Price realisation trending down reflecting lower RM prices; Margins preserved Fabric price realization continue to trend down Textile margins preserved 294 ₹/m 287 EBITDA Margins (%) 271 261 10.4 10.4 251 9.7 9.7 9.5 Denim 215 219 216 209 207 Wovens Q1 fy23 Q2 Q3 Q4 Q1 fy24 Q1 fy23 Q2 Q3 Q4
Slide 10: AMD delivered 20%+ growth in Q1 as planned
Advanced Materials AMD delivered 20%+ growth in Q1 as planned AMD Growth Plan Key growth drivers Revenues (₹ crores) • Top-line growth delivered as planned, powered by multiple engines +22% – Human Protection key accounts continued to 342 scale-up – Expanded capacities in woven and non-woven 279 lin
Slide 11: Outlook for Q2 and near future
Outlook for Q2 and near future | Textile volumes and margins likely to improve • Export and domestic markets continue to remain in a holding pattern – Consumer demand in US has not fallen off the cliff, but continues to remain muted – EU/UK seemed to have bottomed out, though clear green-shoots are
Slide 12: Thank You!
Thank You!