Slide 1: Exchange filing cover letter: outcome of Board meeting
L J\rVIno www.arvind.com November 8, 2022 To, To, BSE Limited Nationa l Stock Exchange of India Limited Listing Dept. I Dept. of Corporate Services, Listing Dept., Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block, Dalal Street, Bandra-l<urla Complex, Mumbai - 400 001 . Sa
Slide 2: Arvind Limited Q2 FY23 results Investor Review Note
Arvind Limited Q2 FY23 results Investor Review Note 08th November 2022
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: Q2 FY23 highlights: steady performance in a weakening global environment
Q2 FY23 highlights | steady performance in a weakening global environment ₹ crs YoY Revenues • Topline saw minor growth (Textile +4%, AMD +6%) 2170 +3% – Denim and garment volumes were under pressure – Wovens and Knitted products stayed EBITDA (Without other Income) steady – AMD continued its growth
Slide 5: Q2 FY23 Consolidated P&L: stable operating results
Q2 FY23 Consolidated P&L | stable operating results YoY All figures in INR Crs Q2 FY23 Q2 FY22 Change Revenue from Operations 2,170 2,108 3% EBIDTA (Continuing Operations) 202 200 1% EBIDTA % 9.3% 9.5% One time RoDTEP 0 18 Reported EBIDTA 202 217 Other Income 11 18 Interest 42 48 Cash Accruals (Cont
Slide 6: Modest revenue growth across segments; Textile margins suffered while AMD margins improved
Modest revenue growth across segments| Textile margins suffered while AMD margins improved In Inr Cr Q2 FY23 Q2 FY22 Business Revenue EBIDTA EBIDTA % ROCE % Revenue EBIDTA EBIDTA % ROCE % Textiles 1758 171 9.7% 15.3% 1711 193 11.3% 19.5% Advanced Material 313 39 12.3% 22.3% 297 35 11.8% 22.9% Others
Slide 7: Consolidated Balance Sheet as on 30th Sept 2022
Consolidated Balance Sheet as on 30th Sept 2022 Rs Cr 30th Sept 22 31st Mar 22 Shareholders' Fund 3172 3006 Share Capital 261 261 • Net Borrowings reduced Reserves & Surplus 2856 2690 by ~ ₹91 cr compared to Minority Interest 55 56 June 2022 Borrowings 1792 1759 long Term Borrowings 578 758 • LT bor
Slide 8: Key indicators – Q2FY22 Vs Q2FY23
Key indicators – Q2FY22 Vs Q2FY23 EPS Debt / Equity Debt / EBIDTA 3.2 0.7 2.0 2.0 2.7 0.6 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 ROCE ROE 13.8% 10.8% 12.2% 9.9% Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 7
Slide 9: Textile revenues remained flat; higher realizations offset lower volumes
Textile Textile revenues remained flat – higher realizations helped offset the lower volumes and input cost increases Textile revenues (₹ Crs) YoY basis Textile revenues + 4% Denim revenues • Q2 volume 12.9M m (-49%) +3% • Realization + 38% driven by higher prices 1,711 1,758 to offset cost impact a
Slide 10: Woven volumes steady; Denim exports and Garments saw decline
Textile Woven volumes steady; Denim fabric exports and Garments saw decline as customers postponed their buying Million M 25 25 22 Domestic 7 8 20 • Consumer confidence 8 continues to go down in key DENIM 8 13 western markets (US saw Exports* 18 18 6 decline from 107.8 in Sep to 14 12 7 102.5) Q2 fy
Slide 11: AMD recap: 3 sets of businesses
Advanced Materials AMD recap | 3 sets of businesses 2. Industrials (MMF fabrics and non-wovens for non-apparel applications) • Woven fabrics for filtration, belting reinforcement and other uses • Non-woven fabrics and bags for hot gas filtration, leather backing etc. • Coated and laminated products
Slide 12: AMD topline grew at 20% over last 5 years, margins and returns improved
Advanced Materials AMD topline grew at 20% over last 5 years, margins and returns improved steadily; FY23 on track Revenues (₹ crores) ROCE (%)* 25 1,025 20 20 18 +20% 15 Human Protection 15 713 679 498 9 630 Industrials 10 486 329 Composites 5 269 294 204 274 313 0 279 218 232 217 -5 136 162 185 -1
Slide 13: Outlook for Q3: similar performance as Q2 expected
Outlook for Q3 | similar performance as Q2 expected Export demand likely to stay muted for Denim and Garments; Woven and Knit business likely to remain stable • Key export customers continue to defer fresh buying given macro environment in US & Europe • Overcapacity and absence of FTA with key marke
Slide 14: Thank You!
Thank You!