V2RETAILNSE10 August 2022

V2 Retail Limited has informed the Exchange about Investor Presentation for Q1 FY2022-23.

V2 Retail Limited

August 10, 2022

BSE Limited Corporate Relationship Department lst Floor, New Trading, Rotunda Building, P J Towers, Dalai Street, Fort, Mumbai - 400 001

National Stock Exchange Of India Limited Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (Eastl, Mumbai - 400 051

Scrip Code -- 532867

Scrip Code - V2RETAIL

Dea r Sir/Mada m,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith Investor Presentation for QI FY2022-23.

The investor presentation shallalso be uploaded on the website of the Company

You are requested to kindly take the above on record

Thanking you,

End.: As above

Khasra No. 919,921,926,928, Extended Lal Dora AbadiVillage Kapashera TeshilVasant Vihar. South West Delhi-110037 Land Mark:- Fun N Food Village Amusement Park ' Tel.: 011-41771850 E-mail : customercare(@vrl.net.in, cs@vrl.net.in . Website: www.v2retail.com ' CIN : L74999DL2001 PLC147724

V2 Retail Limited

Q1 FY23 Result Update

Disclaimer

This presentation and the accompanying slides (the “Presentation”), which have been prepared by V2 Retail Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company. Competition

Q1 FY 23 Highlights

Performance Highlights – Q1 FY23 - Consolidated

EBIDTA

₹ 225 Mn in Q1 FY23 as c ompared to ₹ 99 Mn in Q1 FY22.

Gross Profit

₹ 640 Mn in Q1 FY23 as c ompared to ₹268 Mn in Q1 FY22.

Revenue

₹ 2,113 Mn in Q1 FY23 as c ompared to ₹825 Mn in Q1 FY22.

PBT

₹ (37) Mn in Q1 FY23 as compared to ₹ (144) Mn in Q1 FY22.

₹

PAT

₹ (28) Mn in Q1 FY23 as c ompared to ₹ (113) Mn in Q1 FY22.

Highlights – Q1 FY23

Store Count & Retail Area 102 Stores at end of Q1 FY23 (Opened 2, Closed 1) Total Retail area ~10.77 lakh sq.ft.

SSG

Same Store Sales Growth 180%in Q1 FY23

ASP

Average Selling pric e in Q1 FY23 was ₹ 286

ABV

Average Bill value in Q1 FY23 was ₹ 809

PSF Sales per square feet per month in Q1 FY23 was ₹ 658 (Q1 FY22 ₹236)

Consolidated Financial Highlights

Revenue (₹ Million)

Gross Profit (₹ Million) & Gross Profit Margins

EBIDTA (₹ Million) and EBIDTA Margins

Profit After Tax (₹ Million)

Standalone Financial Highlights

Revenue (₹ Million)

Gross Profit (₹ Million) & Gross Profit Margins

EBIDTA (₹ Million) and EBIDTA Margins

Profit After Tax (₹ Million)

Q1 FY23 Q1 FY22 Y-O-Y Q4 FY22 FY2022 FY2021 Y-O-Y 17%

825 156%

Profit & Loss - Consolidated

Particulars (₹ million) Revenue from Operations Other Income Total Income Gross Profit

2,113 10 2,123 640

917 131% 268 138%

GP Margin (%)

30.3% 32.5%

EBIDTA

225

99 127%

EBIDTA Margin (%)

Depreciation Finance Cost PBT

PBT Margin (%)

PAT

PAT Margin (%) Total Comprehensive Income EPS Basic (₹ per share)^ EPS Diluted (₹ per share)^

^ not annualised

165 97 (37)

10.7% 12.0% 153 90 (144) -1.7% -15.7% (113) -1.3% -12.3% (113) (3.32) (3.31)

(28) (0.82) (0.82)

(28)

75%

101

1,583 37 1,619 436

5,386 6,292 230 159 5,616 6,451 1,628 2,016 27.5% 32.0% 30.2% 715 805 6.4% 12.8% 13.3% 555 588 137 94 313 366 (153) (149) (129) -8.0% -2.3% -2.7% (128) (117) -5.9% -1.8% -2.3% (129) (121) (3.77) (3.40) (3.76) (3.39)

(95) (2.77) (2.76)

(95)

15% 24%

13%

Profit & Loss - Standalone

Q1 FY23 Q1 FY22

Y-O-Y Q4 FY22 FY2022

FY2021

Particulars (₹ million) Revenue from Operations Other Income Total Income Gross Profit

2,113 9 2,122 614

825 156%

916 132% 261 135%

GP Margin (%)

29.1% 31.7%

EBIDTA

225

107 111%

EBIDTA Margin (%)

Depreciation Finance Cost PBT

PBT Margin (%)

PAT

PAT Margin (%) Total Comprehensive Income EPS Basic (₹ per share)^ EPS Diluted (₹ per share)^

^ not annualised

157 95 (27)

10.7% 12.9% 149 89 (131) -1.3% -14.3% (102) -1.0% -11.1% (102) (2.99) (2.98)

(21) (0.61) (0.61)

(21)

80%

79%

1,583 34 1,617 401

5,386 6,292 222 156 5,608 6,448 1,583 1,886 25.4% 30.0% 29.4% 709 763 5.8% 12.1% 13.2% 538 566 129 302 92 361 (131) (164) (130) -2.3% -2.5% -8.0% (110) (129) (95) -5.9% -2.0% -2.0% (110) (133) (3.24) (3.76) (3.24) (3.76)

(95) (2.76) (2.76)

Y-O-Y 17%

15% 19%

-25%

-17%

Pre Ind AS 116 Profit & Loss (Consolidated)

Particulars (₹ million)

Revenue from Operations Other Income Total Income Cost of M aterial Consumed Gross Profit

Q1 FY23 2,113 1 2,114 1,478 635

825 156% 1,583 7 1,589 1,151 431

1 826 559 267 138%

Y-O-Y Q4 FY22 FY2022 FY2021 Y-O-Y

Q1 FY22

GP Margin (%)

Employee Benefit Expenses Other Expenses EBIDTA

30.1% 32.3% 97 253 (83) 166%

197 385 55

EBIDTA Margin (%)

Depreciation Finance Cost PBT Before Exceptional Item

PBT Margin (%)

2.6% -10.0% 50 10 (143) -0.3% -17.3%

48 12 (6)

96%

5,386 6,292 19 16 5,405 6,308 3,803 4,288 1,583 2,004 27.2% 31.9% 29.4% 477 635 1,019 1,274 106 110 -5.8% 1.7% 2.0% 176 184 47 6 46 13 (152) (76) (121) -9.5% -1.9% -1.4%

187 343 (92)

17%

27%

-59%

IND AS 116 became applicable effective annual reporting period beginning April 1, 2019. The Company has adopted the standard, using the modified retrospective approach for transition. The table highlights the Pre Ind AS 116 P&L

Pre Ind AS 116 Profit & Loss (Standalone)

Particulars (₹ million) Revenue from Operations Other Income Total Income Cost of M aterial Consumed Gross Profit

GP Margin (%)

Employee Benefit Expenses Other Expenses EBIDTA

EBIDTA Margin (%)

Depreciation Finance Cost PBT Before Exceptional Item

PBT Margin (%)

825 156%

2,113 1 2,114 1,498 614

1,583 5 1,587 1,181 401

1 826 564 261 135%

Q1 FY23 Q1 FY22 Y-O-Y Q4 FY22 FY2022 FY2021 5,386 6,292 19 14 5,405 6,306 3,803 4,407 1,583 1,886 25.4% 30.0% 29.4% 477 1,019 106 -6.0% 1.4% 2.0% 176 178 45 6 46 13 (76) (138) (153) -9.6% -2.2% -1.4%

29.1% 31.7% 87 246 (71) 186%

2.9% -8.6% 49 10

581 1,232 86

0.2% -15.7%

171 330 (95)

(130) 103%

181 373 61

46 12 3

Y-O-Y 17%

19%

-19%

-82%

Store Presence

Jammu & Kashmir (1)

Kathua

Himachal (1)

Solan

NCR (3)

Mahipalpur;Faridabad; Kapasehra 1

Uttar Pradesh (24)

Gorakhpur 1; Gorakhpur 2; Sitapur; Varanasi 1; Padrauna; Gazipur; Pratapgarh; Lucknow; Behraic h;Akbarpur; Azamgarh;Ballia ;Varanasi 3; Gorakhpur 3; Basti;Raebareli;Jaunpur; Prayagraj;Mirzapur;Balrampur;LakhimpurKheri; Luc know 2; Jhansi

Madhya Pradesh (3)

Jabalpur; Sagar; Rewa

Goa (2)

Panaji;Bicholim

Karnataka (4)

Hubli;Belgaum, Vijaynagar, Gulbarga

Uttarakhand (5)

Haldwani;Roorkee; Haridwar, Khatima;Dehradun

Arunachal (1) & Meghalaya (1)

Itanagar;Shilong

Assam (6) & Tripura (1)

Guwahati 1;Guwahati 2; Guwahati 3; Silc har; Barpeta; Jorhat;Agartala

West Bengal (1)

Malda

Bihar (26)

Patna ;G aya; Darbhanga;Bhagalpur; Bettiah;Arrah; Purnia;Siwan;BiharSharif; Begusarai (1); Sitamarhi; Motihari;Saharsa; Samastipur, Barh;Banka;Buxer; Aurangabad;Begusarai (2);Muzaffarpur; Madhubani;Patna 2; Gopalganj;Patna 3; Begusarai;Chapra; Sasaram

Jharkhand (8)

Jamshedur;Ranc hi;Hazaribagh; Deogarh;Rajdhanwar, Chas, Dumka;Daltonganj

Odisha (15)

Cuttac k;Berhampur; Bhuwaneshwar1; Jeypore; Bhuwaneshwar2; Bhuwaneshwar3, Jajpur, Angul, Bhadrak, Balasore;Nimapada; Sundergarh; Raj Khariar; Rourkela; Baripada

Our Brands

Promotion Campaigns

Management

Board of Directors

Mr. Ram Chandra Agarwal, Chairman &Managing Director

Ms. Uma Agarwal, Whole Time Director

Mr. Akash Agarwal, Whole Time Director &CFO

Ms. Rochelle Susanna Dsouza,

Nominee Director

• Mr. Agarwal holds a bachelor’s

• Mrs. Agarwal holds a bachelor’s

degree in Commerce.

degree in Arts.

• Has a vast experienc e of ~ 25 years of entrepreneurial and business

• Has a vast experienc e of ~15 years

in the retail industry.

• He has been a member of the Board of Directorssinc e inc eption.

• Has been a member of the Board

of Directorssinc e inc eption.

• She

oversees

the marketing

strategies of the Company.

• He provides strategic direction to the Company and is the driving force behind the establishment and growth of the Company.

• He is the pioneer in value retailing and brought thisc onc ept in India.

• He was conferred several awards at different forums such as Ernst & the year Young Entrepreneur of award in 2008 and 4Ps Power Brand Award in 2007.

• Mr. Akash Agarwal holds a

bachelor’s administration from University, UK

business

Lanc aster

• He has more than 7 years of

experienc e in the Retail Industry.

• He looks after E-Commerce,

Procurement and Financial.

• Ms. Rochelle Susanna Dsouza holds & in Communication and an MBA. III She is also a CFA Level Candidates

Electronics

•

Is a Principal at Lighthouse , a mid-market consumer focused private equity fund.

• Prior to Lighthouse, she worked at SBI Capital Markets, Investment Banking Division, where she focused on equity capital market transactions.

Board of Directors

Mr. Harbir Singh Sidhu Independent Director

Dr. Arun Kumar Roopanwal Independent Director

Mr. Lalit Kumar Independent Director

Mrs. Archana S Yadav Independent Director

• A Graduate (BA HONS)

from C a mbridge University having vast experience of 44 years.

• Mr Sidhu has taught

Ec onomic s at Punjab University and JNU & worked as c onsultant with Planning commission.

• He has vast experience in retail industry, he has worked with: Ebony Retail Holding as OperationsManager, Vishal Mega Mart as OperationsManager, Koutons Retail as Executive Vic e President, Credo Brands Marketing Private Limited (Mufti) as CEO

• He has over 35 Years of extensive experience in working with various retail companies.

• He is having a vast

experience the field of Marketing, Product Development, Business Development, Strategic Planning and Administration.

• He has over 30 Years of experience in India and Dubai. As an Entrepreneurial Profits & Growth strategist,he has worked with multiple sectors like Finance, Retail, Education & Skill Development, Infrastruc ture etc..

• Mr. Lalit has extensive experience in Retail Industry. He was associated with various retail c hains both in India and Dubai. He has also been a visiting faculty to NIFT, New Delhi.

• A Chartered Ac c ountant in pra c tic e with more than 14 years of experience, having expertise in GST, Income Tax, International Tax & Corporate Audits.

• She served as Financial

Advisor to the autonomous body M/s National Institute of Solar Energy, under Ministry of New & Renewable Energy. She has also worked with various MNC’s as Management Consultant, Servic e tax Consultant & Direct Tax advisor.

• She was appointed as GST Fa c ulty by ICAIfor GST knowledge sharing a c ross India.

Key Financial Indicators - Historical

Standalone Profit & Loss

Particulars (₹ in Mn)

FY2018

FY2019

FY2020

FY2021

FY2022

Revenue from Operations Other Income Total Income

Gross Profit

EBIDTA

Growth (%)

GP Margin (%)

EBIDTA Margin (%)

Depreciation Finance Cost PBT Before Exceptional Item

PBT Margin (%)

Exceptional Item (Gain) / Loss PAT

Total Comprehensive Income

PAT Margin (%)

5,594 33 5,627 19% 1,804 32% 550 10% 84 6 460 8%

311 6% 310

7,484 99 7,583 34% 2,421 32% 568 8% 144 7 417 5% 266 205 3% 204

7,012 222 7,234 -6% 1,960 28% 783 11% 505 299 (21) 0% -125 101 1.4% 96

5,386 222 5,608 -23% 1,583 29% 709 13% 538 302 (131) -2% - -110 -2.9% (110)

6,292 156 6,448 17% 1,886 30% 763 12% 566 361 (164) -3% - (129) -2.5% (133)

Standalone Balance Sheet

Particulars (₹ in Mn)

FY 2022 FY 2021

Particulars (₹ in Mn)

FY 2022

FY 2021

ASSETS Non-current assets Property, plant a n d eq u ip m en t C a p it a l Work in Progress Right t o use Assets Other intangible assets Intangible assets d e v e l o p m e n t Financial assets

Investment in Subsidiary Other financial assets In c o m e tax assets (net) Deferred tax assets (net) Other non-current assets

under

Total - Non-Current Assets

916 - 2,785 45

150 77 16 269 185 4,443

EQUITY AND LIABILITIES Equity Equity share c a p it a l Other equity

971 - 2,849 5

Total - Equity

344 2,258 2,601

341 2,378 2,719

LIABILITIES

150 70 21 233 192 4,538

Non-current liabilities Borrowings Lease Liability Financial liabilities Provisions Other non-current liabilities

Total Non-Current Liabilities

Current assets Inventories Financial assets

C a s h a n d c a s h equivalents Bank b a l a n c e s other than c a s h & c a s h equivalents Other financial assets Trade R ec eiv a b les

Other current assets

Total - Current Assets

2,673

2,654

168 9 356 3,274

152

150 7 425 3,394

Current liabilities Borrowings Lease Liability Trade p a y a b l e s

Other financial liabilities

Provisions Other current liabilities

Total - Current liabilities

- 3,026 1 39

- 3,067

489 322 1,119

22 17 2,049

1 3,056 1 27

- 3,085

504 320 1,173

22 14 2,128

TOTAL - ASSETS

7,717

7,932

TOTAL - EQUITY AND LIABILITIES

7,717

7,932

Consolidated Profit & Loss

Particulars (₹ in Mn)

Revenue from Operations Other Income Total Income

Growth (%)

Gross Profit

GP Margin (%)

EBIDTA

EBIDTA Margin (%)

Depreciation Finance Cost PBT Before Exceptional Item

7,012 25 7,037

FY2020 FY2021 FY2022 6,292 5,386 159 230 6,451 5,616 15% -20% 2,016 1,628 28% 30% 32% 773 805 715 11% 13% 13% 588 555 510 366 313 303

1,960

(39)

(153)

(149)

PBT Margin (%)

1% -3% -2%

Exceptional Item (Gain) / Loss PAT

PAT Margin (%)

Profit for the period

PAT Margin (%) Total Comprehensive Incom

(125)

88 1% 88

- - (117) (128) -2% -2% (121) (129) 1.4% -2.9% -1.9% (121) (129)

Consolidated Balance Sheet

Particulars (₹ in Mn)

FY2022 FY2021

Particulars (₹ in Mn)

FY2022 FY2021

ASSETS Non-current assets Property, pl ant and equipment Capital Work in Progress Right to use Assets Other intangible assets

Intangible assets under development Financial assets

Other financial assets Deferred tax assets (net) Income tax assets (net) Other non-current assets

Total - Non-Current Assets

1,029 - 2,864 45

80 274 18 187 4,498

EQUITY AND LIABILITIES Equity Equity share capital Other equity

Total - Equity

1,049 - 2,895 5

LIABILITIES

72 241 22 192 4,523

Non-current liabilities Borrowings Lease Liability Financial liabilities Provisions

Total Non-Current Liabilities

Current assets Inventories Financial assets

2,908

3,018

Cash and cash equivalents Bank bal ances other than cash & cash equivalents Other financial assets Trade Receivables

Other current assets

Total - Current Assets

15 9 418 3,424

219

14 7 344 3,608

Current liabilities Borrowings Lease Liability Trade payabl es

Other financial liabilities

Provisions Other current liabilities

344 2,238 2,582

341 2,346 2,687

56 3,089 1 40 3,186

489 342 1,195

23 17

1 3,094 1 28 3,124

537 331 1,314

101

22 15

TOTAL - ASSETS

7,922

8,131

TOTAL - EQUITY AND LIABILITIES

7,922

8,131

Total - Current liabilities

2,153

2,320

Cash Flow Statement

Particulars (₹ in Mn)

Standalone

FY22

FY21

Consolidated FY22

FY21

PBT Adjustments Operating profit before working capital changes Changes in working capital

Cash generated from operations Direct taxes paid (net of refund)

Net Cash from Operating Activities

(164) 871 708 (84)

624 5

629

(131) 775 644 (795)

(152) (2)

(154)

(149) 897 749 (167)

582 4

586

(153) 794 641 (605)

36 (3)

Net Cash from Investing Activities

(133)

(159)

(157)

(203)

Net Cash from Financing Activities

(589)

(140)

(583)

(216)

Net Change in cash and cash equivalents Opening Cash Balance

Closing Cash Balance

(92) 152

(453) 605

(154) 219

(386) 605

152

219

Robust Financial Performance

Revenue (₹ Million)

EBIDTA (₹ Million) and EBIDTA Margins

PBT (₹ Million)

PAT (₹ Million)

Key Operating Metrics

No. of Stores and Retail Space (lakh sq.ft.)

Inventory Holding Days

Sales per Sq. Ft. (₹ Per Month)

Rent per Sq. Ft. (₹ Per Month)

Thank You

Investor Relation Advisor

Dr. Rahul Porwal Marathon Capital Advisory Private Limited Tel : +91-22-40030610 / 9967576900 Email : rahul@marathoncapital.in

Company

Mr. Sudhir Kumar (Company Secretary & Compliance Officer)

Tel :+91-11-41771850 Email : cs@v2kart.com

V2 Retail Limited

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V2 Retail Limited has informed the Exchange about Investor Presentation for Q1 FY2022-23.

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