Slide 1: Exchange filing cover letter: outcome of board meeting
LAfVIOD www.arvind.com February 4, 2021 BSE Ltd . National Stock Exchange of India Ltd . 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-Kurla Complex Mumbai - 400 001 Bandra (E) Mumbai - 400 05
Slide 2: Investor Review Note, 4th February 2021
Investor Review Note 4th February 2021| 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: Q3 FY2021 Executive Summary: sequential improvement continues
Q3 FY2021 Executive Summary: sequential improvement continues; overall business back to 80+% of Q3 FY20 INR Crs Q3 FY2021 (YoY) Vs Q2 Remarks Revenues 1514 (-19%) +16% Textiles 1220 (-23%) +20% Sequentially volume recovery continuing Advanced 189 (2%) +2% Robust demand across all AMD businesses Mate
Slide 5: Q3 revenues recovered to 81% of previous year; margins almost fully recovered
Q3 revenues recovered to 81% of previous year; margins almost fully recovered Revenues (INR Crs) +16% • Overall revenues rose 16% on a 1,896 1,962 1,869 sequential basis, and reached 1,514 81% of previous year 1,305 – Textile revenues were 599 +20% vs Q2 Q1 Q2 Q3 • Overall EBITDA margin Quarterly re
Slide 6: Q3 FY21 Consolidated P&L
Q3 FY21 Consolidated P&L All figures in INR Crs Q3 FY21 Q3 FY20 YoY Change Revenues from Operations 1,514 1,869 -19% EBIDTA 162 185 -13% Profit Before Tax 48 64 -24% Profit After Tax 25 38 Less : Exceptional Item 0 2 Net Profit 25 36 EBIDTA for FY20 is after writing off Rs. 34 cr of MEIS due to retr
Slide 7: Key indicators – Q3 FY21 Vs Q3 FY20
Key indicators – Q3 FY21 Vs Q3 FY20 EPS Debt / Equity Debt / EBIDTA 1.5 0.9 3.2 3.0 0.8 1.0 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 ROCE ROE 9.3% 5.5% 8.5% 3.8% Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 * Net Debt is considered for Debt / EBIDTA 6
Slide 8: Textile revenues for Q3 reached 77% of Q3 in FY20
Textiles Textile revenues for Q3 reached 77% of Q3 in FY20 Textile revenues (INR Crs) Denim Others 1,220 • All components of Textiles Woven Inter Segment business inched towards 1,021 336 Garments previous year Q3 revenues 335 – Denim: 81% 408 – Wovens: 66% 288 – Garments: 89% 436 144 364 348 • Busi
Slide 9: Denim volumes have recovered to 88% driven by exports
Textiles Denim volumes have recovered to 88% driven by exports; Domestic demand continued to improve across both segments Denim volumes in Q3 were 88% of previous year Denim Export Domestic Total • Average price realization: Q1 (YOY) 57% 17% 34% Rs 184/meter (Rs 188/m in last year) Q2 (YOY) 108% 54%
Slide 10: Garment volumes reached 90% of previous year volumes
Textiles Garment volumes reached 90% of previous year volumes for second quarter Q1 Q2 Q3 • Similar to fabrics, volumes FY21 3.73 8.37 9.58 have recovered in Jeans FY20 9.91 10.30 10.62 and Knitwear; % YOY 38% 81% 90% * Excludes Essentials and Suits 9
Slide 11: EBITDA margins in Textiles have bounced back to 12+% levels
Textiles EBITDA margins in Textiles have bounced back to 12+% levels Textile EBITDA margins (%) 12,4 12,7 11,6 10,8 9,7 FY20 FY21 -7,9 Q1 Q2 Q3 Despite increased cost of cotton and other raw materials, Textiles business bounced back to 12%+ EBITDA levels – driven by proactive cost management and mod
Slide 12: AMD delivered another robust performance in Q3
Advanced Materials AMD delivered another robust performance in Q3 Revenues INR Crs 183 186 185 188 167 106 FY20 FY21 Q1 Q2 Q3 EBITDA margin 14.2% 15.1% 14.6% 11
Slide 13: Forward looking commentary
Forward looking commentary • Demand recovery – Domestic demand expected to continue its recovery momentum (esp relaxation on gathering) – Traction in key export markets in EU/UK/US will depend on how pandemic unfolds • Cost push likely to keep pressure on margins, even after increased price realizat
Slide 14: Thank You!
Thank You!