Slide 1: Exchange filing cover letter for investor presentation
30th January, 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
Slide 2: Arvind Limited Q3 FY24 Results Investor Review Note
Arvind Limited Q3 FY24 Results Investor Review Note 30th Jan 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: Q3 reflections
Q3 reflections What Went Right What could have gone better + Margins remained strong across all segments Denim demand remained low for Q3 due to weak season + Textile margins close to 12% due to improved efficiencies and lower input costs Industrial products segment of AMD continued to remain so
Slide 5: Steady Volumes, Strong Margins & PAT
Steady Volumes, Strong Margins & PAT ₹ Cr YoY Sequential Revenues YoY: • Q3 FY24 revenue impacted by price deflation -5% – Textile revenue lower by 8% despite higher fabric 1888 -2% volumes – AMD revenue grew by 2%, while volume grew by ~20% EBITDA (Without other Income) • EBITDA margins improved by
Slide 6: Margin Expansion leading to 22% growth in PAT
Margin Expansion leading to 22% growth in PAT YoY QoQ All figures in INR Crs Q3 FY24 Q3 FY23 Q2 FY24 Change Change Revenue from Operations 1,888 1,980 -5% 1,922 -2% EBIDTA (Continuing Operations) 216 186 16% 206 5% EBIDTA % 11.4% 9.4% 10.7% Other Income 9 12 12 Interest 39 43 39 Cash Accruals (Conti
Slide 7: Segment results: margins grew across segments
Segment results | margins grew across segments: Overall Margin close to 12% In Inr Cr Q3 FY24 Q3 FY23 Business Revenue EBIDTA EBIDTA % ROCE % Revenue EBIDTA EBIDTA % ROCE % Textiles 1426 168 11.8% 14.4% 1550 161 10.4% 14.6% Advanced Material 345 52 15.2% 31.0% 337 46 13.7% 26.4% Others & Inter Segme
Slide 8: Textiles: Woven and Garment volumes grew, Denim lower
Textiles Woven and Garment volumes grew, while Denim volume lower due to usual seasonality Million M 31.4 31.6 32.9 28.6 29.4 • Woven volumes improved as 11.2 WOVENS Domestic 13.1 14.4 10.4 10.9 inventory cycle got over, and new account additions started 21.7 giving results Exports* 18.3 17.1 18.2 1
Slide 9: Textile volumes improved though price deflation weighed on revenue
Textile Textile volumes improved though price deflation weighed down the revenue growth numbers Textile revenues (₹ Crs) -8% -2% 1,549 Denim 1,455 1,426 QoQ • Seasonal downtrend in volumes and Denim 318 continuing reduction in realizations 335 263 -21% Woven Woven 695 • Robust 12% volume growth more
Slide 10: Textile margins benefited from operating leverage and mix
Textile Textile margins benefited from operating leverage and mix, and have continuously trended towards 12% mark as guided Fabric prices continued to remain low… … Textile margins continue to trend up 287 ₹/m 261 251 254 251 EBITDA Margins (%) Denim 11.8 10.4 11.0 9.5 10.1 216 209 207 202 197 Woven
Slide 11: AMD's continuing volume growth of 20%+ yielded near flat top-line
Advanced Materials AMD’s continuing volume growth of 20%+ yielded near flat top-line given sharp deflation AMD Q3 and 9M performance summary Comments Revenues (₹ crores) • AMD volumes grew 20%+ across all categories (except +2% +12% Industrial Woven Fabrics); prices deflated by 10%-30% which muted Q
Slide 12: GWICA (Global Water Innovation Center for Action) launched
GWICA (Global Water Innovation Center for Action) launched GWICA Objectives • Increase adoption of water-recycling technologies • Expose manufacturers to current and futuristic water and apparel process technologies • Provide a pre-competitive and open- source knowledge repository • Develop solution
Slide 13: Update on S&P Global Corporate Sustainability Assessment
Update on S&P Global Corporate Sustainability Assessment (CSA) Arvind Recent S&P Global Sustainability Assessment by ranked Arvind Ltd #1 in India and #7 globally (up 4 places from #1 last year) 12
Slide 14: MOU with Indian Navy to provide advanced uniforms
MOU with Indian Navy to provide advanced uniforms • AMD’s quality and innovation and capability acknowledged by the Indian Navy as the first order was awarded • The MOU is an important step towards scaling up supplies of high performance specialty products to our armed forces which will provide comf
Slide 15: Outlook for Q4 and FY2024
Outlook for Q4 and FY2024 Demand Market demand showing signs of coming off the bottom, though caution prevails Costs Cotton and other input costs likely to remain soft Container shipping costs likely to remain elevated Revenue & Margin We expect a stronger Q4 leading to a healthy H2 as guided earlie
Slide 16: Thank You!
Thank You!