Pds Limited · NSE:PDSL
Pds — Investor Day (June 2026)
156 slides from Pds's investor day presentation, Jun 15, 2026
Slide 1: Investor Presentation for PDS Investor Day
PDS/SE/2026-27/27 June 15, 2026 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai -400 051 Mumbai- 400001 Scrip Symbol: PDSL Scrip Co
Slide 2: Welcome to PDS Investor Day
WELCOME TO PDS INVESTOR DAY JUN E 2026
Slide 3: Safe Harbour
PDS LIMITED Safe Harbour Th e Presen tation is to p ro vide th e g eneral background infor mation abou t th e C ompany’s activities as a t th e da te of th e P resen tatio n. Th e information con tained h erein is f or general informa tion pu rposes on ly an d based on estimates an d sh ould not b e
Slide 4: Palak Seth
PALAK SETH EXECUTIVE VICE, CHAIRMAN
Slide 5: Agenda
1. The Big Picture What is PDS How it works Who we are What we do: PDS Services 2. Our Advantage Why customers choose us Why talent chooses us A model that is hard to replicate 3. The Market Macro environment 4. Business Update 4.1 New Business 4.2 Customers 5. Risk Management PDS risk architecture
Slide 6: The Big Picture
THE BIG PICTURE What Business are we Becoming?
Slide 7: What is PDS
1WHAT IS PDS We are a parent company to 40+ business verticals PDS led by Leading industry Experts. NORWEST 6
Slide 8: How it works
1HOW IT WORKS The PDS Platform The Subsidiaries Focus on Partnerships Focus on the Customer & Operational Excellence Growth & Partnerships Design A[[‘]]]]]]] Banking Development Treasury IT PDS Critical path Manufacturing HR Quality assurance Legal Risk & Compliance NORWEST 7
Slide 9: Who we are
iBrps WHO WE ARE $ $2.2bn+ $550 mn GMV in FY25-26 Working Capital Limits o%-0 $1.5bn+ 75% |25% Revenue in FY25-26 Apparel vs Non-Apparel 22+ 1.3 mn+ Country presence with Pieces per day production 100+ offices handled aie 300. 12,000. Individual brands & retailers Employees, Associates & serviced Fa
Slide 10: We have evolved into a services business, with product at heart
We have evolved into a services business, with product at heart.
Slide 11: What we do: PDS Services
1WHAT WE DO: PDS Services We are a services business with product at heart. Governance Manufacturing Design-Led Sourcing Sourcing as a Service Category Management Brands We have four Manufacturing We act as a Full-Service Vendor We act as the outsourced sourcing We act as an Outsourced Buying We run
Slide 12: Our Advantage
OUR ADVANTAGE What sets us apart
Slide 13: C-Suite leaders come to us with challenges
C-Suite leaders in the world’s largest Brands & Retailers come to us with challenges.. We listen, and design bespoke solutions around their needs.
Slide 14: Why customers choose us
2 WHY CUSTOMERS CHOOSE US We move fast Scale of a listed company, agility of a startup We are doers We don’t just advise, we execute We attract the best talent Our Subsidiary CEO’s are Owners with Equity We offer unseen transparency Radically open on commercials = high-trust Strong complia
Slide 15: A model that is hard to replicate
2 A MODEL THAT IS HARD TO REPLICATE Very few businesses today would be able to re-create our model, which is what makes PDS one of the top 2 industry players globally. Owner’s Equity Business Tap into PDS scale Leverage the Ecosystem vertical PDS Group Become a Partner, not an employee Highl
Slide 16: Why talent chooses us
2WHY TALENT CHOOSES US The best leaders value Partnership. Paul Wright I 2022 Gareth Hall I 2024 Executive Business Development and ESG Director Commercial Director at Spring Near East, previously Sourcing Previously Sourcing & Quality Director at Dunelm, Primark, Director at Hanes Brands and Target
Slide 17: The Market
THE MARKET What Are We Seeing?
Slide 18: Macro environment
3 MACRO ENVIRONMENT SG&A COST CUTTING CONSUMER IN RETAILERS SENTIMENT IS DOWN PDS’s Outsourcing Value segment winning models highly attractive = core PDS customer GEOPOLITICAL VENDOR BASE ORDER SIZE & LEAD INSTABILITY & CONSOLIDATION TIMES REDUCING TARIFFS PDS offers COO PDS winning as top PDS’s Sho
Slide 19: Business Update
BUSINESS UPDATE What have we achieved? What are we focusing on?
Slide 20: New Business
| e 1 New Business
Slide 21: When verticals scale, they pay off
4.1 WHEN VERTICALS SCALE, THEY PAY OFF Analyzing FY 21-23 Cohort: Invested in growth, backed winners and are now converting scale into recovery + net profit 14 TOTAL CUMULATIVE POTENTIAL PBT by 2030: $40 Mn+* FINANCIAL TRAJECTORY Total $300M Businesses $169M Onboarded $150M $12M $9M $9M COHORT SCORE
Slide 22: FY 21-23: Key Achievements
4.1 FY 21-23: KEY ACHIEVEMENTS What we saved (Build vs Buy) What we Achieved To achieve $9M PBT (FY 26) SAAS MODEL ESTABLISHMENT Acquisition cost (x5 PBT) $45M Loss Funding $18M ESTABLISHED US GEOGRAPHICAL Savings +$27M FOOTPRINT PARTNER TO GROW RATHER DIVERSIFIED INTO NON-APPAREL THAN TO EXIT CATEG
Slide 23: FY 24-26: Following similar trajectory
4.1 FY 24-26: FOLLOWING SIMILAR TRAJECTORY 22 Notes: The businesses considered here were started during FY24–FY26. The count only the new verticals on the platform level and not any subsidiaries of Top 10 businesses.
Slide 24: FY 24-26: Key Achievements
4.1 FY 24-26: KEY ACHIEVEMENTS 23
Slide 25: Customers
4 e 2 Customers
Slide 26: Establishment of Growth & Partnership Team
4.2 BUSINESS DEVELOPMENT: Establishment of Growth & Partnership Team GROWTH & PARTNERSHIPS TEAM SUBSIDIARIES NORWEST The Growth, Strategy & Execute on Partnerships team is opportunities, using bringing new operating leverage to opportunities to the PDS scale and grow. Ecosystem. 25
Slide 27: Deals closed: Sourcing as a Service
4.2DEALS CLOSED: Sourcing as a Service Growth & Strategy teams converting an active pipeline. ~$400M Potential GMV Infinite ROCE + $7-8M Potential Net Profit 0 Working Capital UK Based Sports & Lifestyle US Based Value Chain Retailer French Hypermarket Group Brand NORTH AMERICA EUROPE UK Apparel Gen
Slide 28: Unlocked new accounts
4.2UNLOCKED NEW ACCOUNTS Potential PDS opportunity from strategic customers unlocked in last 3 years who usually work Directly with Factories. $50 - $100M $50 - $100M $50 - $100M $10 - $15M Becoming a key partner in Core Categories $30 - $50M $50 - $100M $50 - $100M $10 - $15M PDS Limited endeavors
Slide 29: Unlocked new accounts: Design-led Sourcing
4.2UNLOCKED NEW ACCOUNTS: Design-led Sourcing Potential PDS opportunity from strategic customers unlocked in last 3 years, feeding our existing verticals. $50 - $100M $30 - $40M $50-$100M $5 - $15M Becoming a key partner in Core Categories $50-$100M $50-$100M $10 - $20M $20 - $30M PDS Limited endeav
Slide 30: Risk Management
RISK MANAGEMENT How We Manage Risk
Slide 31: PDS risk architecture
5 PDS RISK ARCHITECTURE – carries that engineers out every risk this Industry GEOGRAPHIC NO INVENTORY RISK ORDER-TO-PRODUCTION NO COUNTRY RISK DIVERSIFICATION Every piece has a confirmed buyer before production begins. Diversified Sourcing Geography Mix NO CREDIT RISK CREDIT INSURANCE NO BUYER PORTF
Slide 32: Our governance partners
5 OUR GOVERNANCE PARTNERS Navex, Deloitte and Alvarez & Marsal are our trusted partners. Whistle Blower Investigations Employee Misconduct Investigations Business Intel Gathering Multijurisdictional Asset Trace Enabling Navex Global Ethics hotline Deloitte Employee reference checks Del
Slide 33: On the Stage
ON THE STAGE We participate in selected forums
Slide 34: PDS on the world stage: Global Fashion Summit
6 PDS ON THE WORLD STAGE GLOBAL FASHION SUMMIT Copenhagen, Denmark May 2026 PDS partnered with Global Fashion Agenda during the annual Global Fashion Summit. Pictured is Faiza Seth, PDS Co-Founder revealing “Synflux” as the 2025 Trailblazer Award winner. 33
Slide 35: PDS on the world stage: Business Icons of Asia
6 PDS ON THE WORLD STAGE BUSINESS ICONS OF ASIA Phuket, Thailand April 2026 Sanjay Jain CEO of PDS Groupjoined the fireside chat at Business Icons of Asia 2026, Phuket, discussing how geopolitical shifts, supply chain diversification, and trust are redefining cross-border business alliances. 34
Slide 36: PDS on the world stage: Retail Week Awards
6 PDS ON THE WORLD STAGE RETAIL WEEK AWARDS London, United Kingdom March 2026 PDS team attended this prestigious event bringing the retail industry together. 35
Slide 37: PDS on the world stage: Executive Summit
6 PDS ON THE WORLD STAGE EXECUTIVE SUMMIT AMERICAN APPAREL & FOOTWEAR ASSOCIATION Washington DC, United States March 2026 36
Slide 38: Future Focus
FUTURE FOCUS Where will growth come from?
Slide 39: Building towards 5-5-5 strategy
7 BUILDING TOWARDS 5-5-5 STRATEGY TARGET 5 Years • No growth for growth’s sake $5Billion GMV 5% PAT • Work with on AAA credit worthy customers • Focus on high ROCE opportunities • No compromise on 6C & I principles (Compliant Capacity, Credit, Compliance, Currency, Cost Management, no Customer NEXT
Slide 40: How we will get there
7 HOW WE WILL GET THERE We are Chasing We are Avoiding NEW BUSINESS INVESTMENTS WITHOUT PROFITABILITY CONTRACTS FEEDING EXISTING SUBSIDIARIES CREDIT RISK IN CUSTOMER BASE STRONG PIPELINE OF CUSTOMERS INVENTORY TOP INDUSTRY LEADERS NEW BUSINESS ONLY AS GUARANTEED CONTRACT OR SAAS MODEL 39
Slide 41: Building a more sustainable supply chain
Together we’re building a better, more sustainable supply chain
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Slide 43: Ankur Agarwal
ANKUR AGARWAL HEAD OF VC, PDS VENTURES
Slide 44: Built on Industry, Driven by Innovation
Built on Industry, Driven by Innovation. — Ankur Agarwal Material Science Manufacturing Solutions Circularity Transparency & Traceability Fashion Tech Enablers
Slide 45: The only structured CVC in the Fashion Supply Chain
The only structured CVC in the Fashion Supply Chain Our fund has invested across direct investment in 80+ start-ups and through a few institutional funds Operate Providing sourcing & manufacturing solutions for leading brands & retailers (PDS Platform). Innovate Invest Through PDS Ventures we aim We
Slide 46: Key Areas of Investment
Key Areas of Investment Manufacturing Transparency & Fashion Tech Material Science Circularity Solutions Traceability Enablers
Slide 47: Why Did We Start?
Why Did We Start? The strategic rationale behind PDS Ventures
Slide 48: The Rationale
The Rationale Creating Strategic Customer Stickiness Through Innovation $100Mn+ Investment in Greenfield Factories Asset-Light Model Instead of investing capex into manufacturing, We are investing in innovation to partner with strategic brands 01 02 03 04 Strategic Differentiation Innovation Partner
Slide 49: How Do We Do It?
How Do We Do It?
Slide 50: Strategic Investment Process with Partners
Strategic Investment Process with Partners How PDS Ventures has moved the needle - commercially, strategically, and financially Co-Investing with Investing with strategic customers, large FIs as a consortium which unlocks larger, higher-conviction deals Strategics Strategic Investors Financial Inv
Slide 51: Robust Decision Making
Robust Decision Making – Lean Team structure tapping into Industry expertise from Network Lean Investment Team with complementary skills Photo Photo Ankur Agarwal Jared Golden Riley Marchant Investment Head Co - Investor Investment Associate Investment Committee & Advisors (From Industry) Pallak Set
Slide 52: What Have We Achieved?
What Have We Achieved?
Slide 53: Strategic Value created for PDS Group
Strategic Value created for PDS Group Beyond capital returns, helping PDS build strategic retailer and customer relationships that translate into long-term commercial value $100M+ Potential GMV generated through strategic introductions, customer acquisition, and ecosystem partnerships ① Strategic Ha
Slide 54: The Trailblazer Programme
The Trailblazer Programme powered by PDS Ventures & Global Fashion Agenda (1200+ Attendees | 160+ Applications | 9 Finalists) 2026 2024 2025 PDS Ventures, a Trusted and Respected Partner by GFA to start this open Innovation Program at a global scale Representatives & Jury:
Slide 55: Active Participation at Leading Industry Events
Active Participation at Leading Industry Events Bharat Tex 2025 Best of Bangladesh 2025 Our presence at key global industry forums has helped position PDS Ventures as a forward-looking fashion platform; creating new opportunities for partnerships, customer introductions and long- term value creation
Slide 56: PDS Ventures' impact acknowledged by influential publications
PDS Ventures' impact acknowledged by the World's most Influential Publications From Fashion to Finance | Global Recognition
Slide 57: Where Are We Now?
Where Are We Now? Fund status and portfolio performance
Slide 58: Moving towards self sustainability
Moving towards self sustainability We are here FOUNDATION PHASE INVESTMENT PHASE MONETIZATION PHASE 2018 - 2020 2021-2025 2026 & Beyond Established foundation for a CVC Arm Active Investment Phase Self-Sustainable & Return › Established Strategic Partnerships with › Initiated Exits of our positions
Slide 59: Portfolio Case Studies
Portfolio Case Studies Proven Exits Fashion Tech Enablers Transparency & Traceability Initial Investment $200+ Mn in 2020 at a 6.5x + Initial Investment 4.8x + Acquired in 2025 in 2021 at a Blended Valuation Exit Acquired by Exit Valuation of of COREWEAVE in $30 Mn+ 2025 $2 Mn Using AI to build digi
Slide 60: Thank You
Thank You pdsventures.com CONF ID ENTI AL
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Slide 62: Sadik Sunasara
SADIK SUNASARA GROUP CFO
Slide 63: Built Through Disruptions
PDS LIMITED Built Through Disruptions Over the last decade, PDS invested to build a differentiated global platform while navigating unprecedented industry disruption. What We Built What We Weathered INVESTMENT PHASE INDUSTRY DISRUPTIONS Expanded sourcing network Covid disruptions Invested in leaders
Slide 64: Delivered Growth Throughout the Cycle
PDS LIMITED Delivered Growth Throughout the Cycle Revenue Gross Margin EBITDA Margin CAGR: 12% 20.6% ₹ 13,110 16.5% * ₹ 6,648 3.9% 2.8% FY20 FY26 FY20 FY26 FY20 FY26 63/ *Normalised for investments in New Verticals
Slide 65: Investment Phase is Behind Us
PDS LIMITED Investment Phase is Behind Us Entering the Next Phase from a Position of Strength Deep Customer Lower Leverage Relationships Diversified Improved Sourcing Liquidity Scaled Operating Better Funding Platform Flexibility Business Strength Balance Sheet Strength 64/
Slide 66: Diversified Working Capital Lines
PDS LIMITED Diversified Working Capital Lines Facility Type $MN Working Capital 588 Term Loans 18 GRAND TOTAL 606 65/
Slide 67: Foundations Laid for Next Phase
PDS LIMITED Foundations Laid for Next Phase Profitability was moderated by design as we built the platform; with the investments behind us, profitability is set to follow 66/
Slide 68: Green Shoots so far
PDS LIMITED Green Shoots so far…. Loss-making verticals fixed Design Arc restructured; Groupo & J Craft exited; Brands being closely monitored Investment discipline New-vertical spend cut ~24%; on track for ~50% Interest & net debt Higher factoring; Net debt cut down; Cost Optimization - Project PUL
Slide 69: Trajectory Remains Aligned
PDS LIMITED Trajectory Remains Aligned GMV Largely on Track Platform Scale Achieved Customer Entrenchment Achieved Global Infrastructure Achieved Cash Generation Improved Profitability & ROCE Catching Up 68/
Slide 70: Building a more sustainable supply chain
Together we’re building a better, more sustainable supply chain
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Slide 72: Anuj Banaik
ANUJ BANAIK MANAGING DIRECTOR, POETICGEM
Slide 73: Slide 73
Slide 74: Industry talent migration
Industry talent migration CHRIS BATH GRAHAM COOK ARNOLD P CHARLOTTE PETTICAN RAHUL MUKHERJI Global Sourcing Director CRM, Tesco ED, Footwear & Accessories ED, Womenswear ED, Tritron Fashion (Licensed Brands) 25+ years 15+ years 28+ years 27+ years 9+ years BEN FIELDING TERESA HASLAM VANESSA PARKS DA
Slide 75: What makes PG unique?
WHAT MAKES PG UNIQUE? Servicing customers at their doorstep Concept to Delivery Tailored engagement models built around creating customer value Local presence | faster decisions | Embedded 360 solution | 80+ designers | Multi product | with customers Multi country sourcing offices | 75+ Complaint Ca
Slide 76: Our focus areas FY27
OUR FOCUS AREAS FY27 CATEGORY GARMENT COST DIGITIZATION & AI MANAGEMENT TRANSPARENCY PG x DA FOOTWEAR & ACCESORIES INTEGRATION
Slide 77: Category management as a growth lever
Category management as a growth lever
Slide 78: Category management
CATEGORY MANAGEMENT PG built an end-to-end category management proposition “Reaktiv” Customer response drove Kidswear Reaktiv launch £15M retail sales Aug ’24 Sept ‘24 Jan ‘25 Sept ‘25 Jan ‘26 Aug ‘26 Sainsbury’s Launched in 100+ Reaktiv expanded identified an stores into menswear activewear opportu
Slide 79: PG's press coverage
PG’S PRESS COVERAGE Boots enlists Mollie King and Poeticgem for babywear line Boots launches baby clothing range created by Poeticgem Sainsbury's Tu partners with dancer Oti Mabuse ‘The new collection has been developed in collaboration with Tw's supplier Poeticgem to offer versatile options for eve
Slide 80: Navigating Volatility. Creating Opportunity.
Navigating Volatility. Creating Opportunity.
Slide 81: Market headwinds and our approach with BCG initiatives
MARKET OUR APPROACH WITH HEADWINDS BCG INITIATIVES Subdued Consumer Demand Open Costing Rising Supply Chain Costs Open Bidding Margin Pressure & Price Sensitivity Digitization & AI
Slide 82: PG x DA integration
PG X DA integration
Slide 83: Enhanced capability and cost synergies
ENHANCED CAPABILITY X LARGER ECOSYSTEM FIXED SERVICE AND COST SYNERGIES From two entities in one market to one integrated, customer-focused platform. The merger removes duplication, sharpens focus & unlocks scale. One Office One Customer Interface | Enhanced Design & Infrastructure ~$4M cost efficie
Slide 84: Footwear and Accessories
FOOTWEAR AND ACCESSORIES
Slide 85: Footwear & Accessories
• Footwear & Accessories set up in July 2025, is a focused growth division within PG, led by industry specialists Arnold and Laura • The division brings deep product, sourcing and customer expertise across footwear, bags and accessories • We are already servicing established customers including Rive
Slide 86: Revenue Snapshot
Revenue Snapshot
Slide 87: Our turnover growth
OUR TURNOVER GROWTH PRIVATE & CONFIDENTIAL
Slide 88: Powered by Strength
POWERED BY STRENGTH
Slide 89: Building a more sustainable supply chain
Together we’re building a better, more sustainable supply chain
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Slide 91: Rajive Ranjan
RAJIVE RANJAN FOUNDERS & MANAGING DIRECTOR, TECHNO DESIGN
Slide 92: PDS' German Market Anchor & Strategic Partnership Engine
PDS’ German Market Anchor & Strategic Partnership Engine presented by Rajive Ranjan Managing Director, Techno Design Investor Day Mumbai -June 15, 2025 Headquartered in Düsseldorf, Germany
Slide 93: Leading Player in the German Fashion Sourcing Market
PDS Group Integration Leading Player in the German Fashion Sourcing Market End-to-End Sourcing Solutions for apparel, home textiles and hard goods for leading retailers and brands Simplifying Supply Complexity across product design, sourcing execution and inventory management Global Multi-Country So
Slide 94: Key Market Headwinds
Key Market Headwinds German Brands & Retailers are increasingly under Pressure 0 1 G eopol i ti c s 0 3 C om pet i ti on Ukraine & Iran War Unlevel Playing Field intensifying pressure on European retailers through rising direct-to-consumer players like Shein & Temu exploit duty-free energy costs, re
Slide 95: Our Value Proposition
Our Value Proposition Strategic Supply Chain Partner 01 Improve Price-Value Ratio of Products through strategic sourcing and a highly competitive sourcing structure, leveraging full potential of sourcing markets 02 Cost Efficient Sourcing Structure reduction of overhead costs, while ensuring know-ho
Slide 96: The Growth Journey
T h e G r o w t h Jo u r ne y Building Growth Through Strategic Collaboration Revenue Growth ($M) 160M 2019 NKD Home | India & Pakistan Sourcing SaaS 137.7 Sourcing GMV: USD 12M 120M 108.0 112.5 93.1 2019 KiK SaaS 80M 70.0 Apparel | Bangladesh Sourcing GMV: USD 26M 40M 2019 Metro Brand Mgmt Apparel
Slide 97: Case Study Gerry Weber
Case Study Gerry Weber Global Sourcing Takeover 75 STAFF +10 $M B o t t o m- l in e I m p a c t Assets Acquired for GW successful integration of China, zero overhead costs in sourcing Bangladesh and Turkey sourcing countries, cost reduction in HQ, and offices. improved FOB prices by 3%. “Techno Desi
Slide 98: Zero Credit Risk Realized During Insolvency
Risk Safeguard Success Commercial Excellence: Zero Credit Risk Realized During Insolvency Despite a €10 million bottom-line improvement delivered by Techno Design in year one, Gerry Weber filed for insolvency in March 2025. €2 MILLION Active Escrow Buffer fully funded in advance to cover early insol
Slide 99: Project Phoenix: Proactive Cost Restructuring
Project Phoenix Proactive Cost Restructuring 01 Protect our People & Culture Mitigations & Savings safeguarding team cohesion, morale and critical talent during the transition. R e v e n u e G a p M i t i g at ed - $ 80 M 02 Deliver on what we can Control shifting operational focus toward flawless t
Slide 100: Growth Priorities and Pipeline
Strategic Expansion Growth Priorities and Pipeline +$70M Geographic Mitigation Customers Onboarded Starting FY25/26 mitigating weak consumer sentiments in Germany (+0.2% GDP) by rapidly expanding into faster growing regions like Poland (+3.6%) and Switzerland (1.3%) Micasa Home | Switzerland $10M Po
Slide 101: Pathway to Profit Recovery
Financial Roadmap Pathway to Profit Recovery ~1.5x ~3.5% Key Drivers I new strategic account wins Revenue Growth PBT Margin Target I premium customer onboarding I AI-driven productivity enhancements I AI-driven products and services F25-26 (A) F28-29 (E)
Slide 102: Techno Design: resilient. strategic. growth-ready.
Techno Design resilient. strategic. growth-ready.
Slide 103: Building a more sustainable supply chain
Together we’re building a better, more sustainable supply chain
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Slide 105: Safak Kipik
SAFAK KIPIK CEO SPRING NEAREAST
Slide 106: Table of Contents
Table of Contents 01 About Us 02 Growth Journey 03 Strategic Focus Areas 04 Leadership Team
Slide 107: About Us
About Us Founded in 2010, Spring is a trusted partner in supplying fashion and home products. We bring trend-driven designs to life with exceptional quality, flexibility, and sustainability helping brands thrive in an ever-evolving market. Premium Customer Base Agile Multi-Origin Sourcing Tier-1 UK
Slide 108: How We Bring Products to Life
How We Bring Products to Life From concept to customer, Spring combines design, sourcing, development and manufacturing expertise under one platform. Key Statistics $220+ Mn GMV, $90+ MN Topline 80+ Factories 200+& (Turkey Team Members North Africa) 20+ Brands/Buyers Design Led Sourcing as a CMT Sou
Slide 109: Strategically Positioned Between Demand & Supply
Strategically Positioned Between Demand & Supply at the Centre of the Emerging Nearshore Supply Chain Why Near Shore Matters • Stronger Competitiveness • Greater Flexibility • Cost Efficiency • Strategic Proximity • Supply Chain Resilience
Slide 110: Trusted by Leading Premium Brands & Global Retailers
Trusted by Leading Premium Brands & Global Retailers
Slide 111: Case Study: Creating long-term value, trust, execution and regional scale
Case Study: Creating long-term value, trust, execution and regional scale
Slide 112: Ralph Lauren Product Portfolio
x Ralph Lauren Product Portfolio Motor Sports Wimbledon Winter Olympics
Slide 113: Growth Journey
Growth Journey From a traditional sourcing model to a diversified, higher-margin business platform. Traditional Model Spring CMT Model Multiple factories to manage Long sampling cycles 500K 4 weeks 97% Production delays Units / Agile On-time High operational overhead month delivery Inventory risk pr
Slide 114: CMT Delivered Strong Growth and Profitability
CMT Delivered Strong Growth and Profitability CMT implementation accelerated growth and significantly improved margins and profitability in FY25-26. The first full year post-CMT saw PBT margin increase from 1.0% to 3.4%, demonstrating the profitability benefits of the model.
Slide 115: Transformation Driving Growth
Transformation Driving Growth Strategic initiatives translated into sustained revenue growth. Key Growth Drivers • Strategic Partnerships • Design-Led Sourcing • CMT & Sampling Capabilities • Regional Expansion • Higher-Value Service Mix $ 220 M + GMV in 2025
Slide 116: Strategic Priorities & Results
Strategic Priorities & Results Investments made. Outcomes being delivered. Strategic Priorities Results Product & Design Agile squads • Sample room • R&D investment ↑ ↑ Regional Expansion Sales GM & NM Egypt (GMV $50m) • Tunisia • Morocco Growth Growth Market Expansion ✓ Strategic customers • New ma
Slide 117: Spring's Digital Design & Product Creation Strategy
PDS LIMITED Spring's Digital Design & Product Creation Strategy Design-Led. AI-Enabled. Future-Focused. OUR VISION To redefine product creation through design excellence, digital innovation and AI-powered intelligence. Smarter Design Faster Decisions Better Products AI Design & Product Digital Produ
Slide 118: The Leadership Team Behind Spring
The Leadership Team Behind spring bf 4 r 4 Safak Kipik Yeliz Yerliyurt Gareth Hall Susie Sullivan Ediz Yucetin Oguz Kamburoglu CEO Country Director Commercial Director Head of Design Sourcing & Transformation Technical Director Operational Excellence Director
Slide 119: Building a more sustainable supply chain
Together we’re building a better, more sustainable supply chain
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Slide 121: Michael Yee, CEO GSC Link
MICHEAL YEE | CEO GSC LINK LE gE Global | Collaborative | Digital | Ethical (IE PDS
Slide 122: Table of Contents
01 02 Table of Who a r e we? US Market & Opportunities Contents 03 Capabilities & 04 Financial Review Management and Forecast
Slide 123: Who are We?
01 Who are We?
Slide 124: History & Merger
PDS LIMITED HISTORY & MERGER USA,Canada UK,Europe CategoryFocus (Denim,Active, Intimates) + PDSNorth America Joint Ventures PDS INVESTOR DAY | JUNE’26
Slide 125: Key Business Blocks
PDS LIMITED KEY BUSINESS BLOCKS 01 SOURCING & MANUFACTURING PARTNERSHIPS 02 SOURCING AS A SERVICE 124 PDS INVESTOR DAY | JUNE’26
Slide 126: US Market & Opportunities
02 US Market & Opportunities
Slide 127: Five cross-channel takeaways
PDS LIMITED Five cross-channel takeaways Brand Acquisitions, PE Consolidators, Brand Licensing 01 Brand bankruptcies and acquisitions by PE consolidators with growth of Brand Licensing. Off-price is the consensus winner 02 TJX ($56B, +6.0%, 12% op margin) and Ross ($23B, +7%, +5% comps) outearn depa
Slide 128: PE consolidators and the licensing-led brand model
PDS LIMITED PE consolidators and the licensing-led brand model Brand managers are converting apparel IP into asset-light licensing ecosystems. Core model: own / manage IP → license globally → scale through specialist operating partners THE PURE LICENSOR THE FASHION CHALLENGER THE LICENSED OPERATOR A
Slide 129: Capabilities & Management
03 Capabilities & Management
Slide 130: Global Management Team
PDS LIMITED Global Management Team • CEO of MGF Sourcing Inc • CEO of Greater China Retail of GAP inc 30+ years of experience spanning global sourcing, supply chain, • EVP of Global Sourcing & Product Operations fo GAP inc manufacturing, and running brand / retail business with a focus • Manager Dir
Slide 131: Product Categories
PDS LIMITED PRODUCT CATEGORIES Intimates & Active Woven Tops & Dresses Denim & Woven Bottoms Knit Tops & Bottoms Sweaters | Toppers 130 PDS INVESTOR DAY | JUNE’26
Slide 132: Operating Model
PDS LIMITED OPERATING MODEL Design & Product Development Investment Intimates Innovation Center – Sri Lanka › Design Studio – NY › Denim Labs – LA › Graphics Creation & License Vertically Integrated Manufacturing Capacity Agreements Lingerie | Performance | Swim | Seamless Sweaters | Knits Denim | W
Slide 133: Customer & Channel Portfolio
PDS LIMITED CUSTOMER & CHANNEL PORTFOLIO DEPARTMENTAL BRANDS D2C BRANDS STORES 132 PDS INVESTOR DAY | JUNE’26
Slide 134: Sourcing & Design, PD Capabilities
PDS LIMITED SOURCING & DESIGN, PD CAPABILITIES Design Studio - NY Denim labs- LA Bangladesh Shanghai Design Studio - New York, USA Egypt Mexico Hong Kong Vietnam Colombo, Sri Lanka Denim Wash Lab - LA Offices Active and Intimate Innovation Center –Sri Lanka 133 PDS INVESTOR DAY | JUNE’26
Slide 135: Intimates & Active Innovation Center – Sri Lanka
PDS LIMITED INTIMATES & ACTIVE INNOVATION CENTER – SRI LANKA 134 PDS INVESTOR DAY | JUNE’26
Slide 136: Denim Wash House – USA, Los Angeles
PDS LIMITED DENIM WASH HOUSE – USA, LOS ANGELES Denim Lab — with a large creative space for co-creation projects and collection development. State of the Art wash development laundry and enhanced capability and know how. Ability to transfer formulas to duplicate overseas for production execution. Ma
Slide 137: Financial Review and Forecast
04 Financial Review and Forecast
Slide 138: Financial Outlook: Revenue & Profitability Trajectory
PDS LIMITED FINANCIAL OUTLOOK: REVENUE & PROFITABILITY TRAJECTORY Four-year growth journey from startup phase to scaled profitable platform FY 2025/26 Start-Up & Business Development FY 2026/27 GMV ~$31M Customer Acquisition REVENUE ~$17M ~7x GROSS MARGIN FY 2027/28 Growth Scale & Breakeven 14.1% In
Slide 139: Building a more sustainable supply chain
Together we’re building a better, more sustainable supply chain
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Slide 141: Abhishek Navani
ABHISHEK NAVANI CEO MANUFACTURING
Slide 142: What we have built, Our Journey, Strategic Roadmap Ahead
01 Wha t we ha ve Bu ilt 02 O u r J ou r n ey 03 Strategic Roadmap Ahead 04 Core Team
Slide 143: Design & Sales Office: UK, Design Hub: Gurgaon
Design & Sales Office: UK Design Hub: Gurgaon LEED Zero - 1st in Bangladesh (GoodEarth) Powered by Solar Power
Slide 144: ~41mn Pieces / Annum Capacity
~41mn Pieces / Annum Capacity Kids wear, Tops
Slide 145: Capacity: Dresses, Shirts, Blouses
Capacity Dresses, Formal & Casual Shirts/ Blouses for Ladies, Men & Kids
Slide 146: Capacity: Bottom wear, School wear, Denim
Capacity Bottom wear, School wear, Shorts, Skirts & Denim
Slide 147: Product Portfolio & Customers
Product Portfolio & Customers …strong client base driving export revenue
Slide 148: Our Journey so Far
Our Journey so Far What began as Support Infrastructure is now a Standalone Value Creator Genesis The build out Stable Platform for Growth Strategic Extension Operational Turnaround Strategic Capacity Expansion Leadership Transformation Platform Evolution 2016-17 2020-21 2024-25 2025-26 2027 Onwards
Slide 149: Our Journey Ahead: India Story
Our Journey Ahead India Story – Market Shifts Create Opportunity 01 E x t e r n a l O p p o r t u n i t y 02 T h e P D S E d g e Market Opportunities Ready on day one. › China + 1, Bangladesh + 1 › KG Acquisition — scale, today • Primark, Walmart & peers scouting India for 1,000+ machine partners. •
Slide 150: Driving the next leg of growth through focused execution
* FY’26 Revenue (₹ Cr) FY’26 EBIT (₹Cr) 238 13 442 31 324 16 Focus on Design led manufacturing Progress GoodEarth KG Progress GoodEarth KG Near to Long term Strategy 1. India - 2x revenue aspiration with high single digit PBT High-performing team, lean structure & 2. Bangladesh – Enhance efficient f
Slide 151: Core Manufacturing Team
Core Manufacturing Team The People behind Every Piece 01 02 03 04 Owns O wns Owns O wns Leads end-to-end Drives financial planning, Leads Bangladesh Leads the India business manufacturing strategy, cost optimization, manufacturing strategy, with Knit Gallery, driving operational excellence, budgetin
Slide 152: Thank You!
Thank You! PDS MANUFACTURING = INVESTOR DAY + JUNE 2026
Slide 153: Building a more sustainable supply chain
Together we’re building a better, more sustainable supply chain
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Slide 155: Q&A
Q&A
Slide 156: Slide 156