V-Mart Retail Limited has informed the Exchange about Investor Presentation

Ref. No. CS/S/L-619/2022-23

12th November, 2022

To: The Listing Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED “Exchange Plaza” Bandra Kurla Complex, Bandra (E ), Mumbai – 400 051 Scrip Code: VMART Fax: 022-26598120 Email: cmlist@nse.co.in

To: The Corporate Relationship Department THE BSE LTD Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 534976 Fax: 022-22723121 Email: corp.relations@bseindia.com

Sub: Presentation to Analysts/Investors

Dear Sir/Madam,

Please find enclosed herewith the presentation being forwarded to Analysts/Investors on the unaudited financial results of the Company for the second quarter and half year ended 30th September, 2022.

The above presentation is also available on the Company's website: www.vmart.co.in.

We request you to kindly take the above information on record.

Thanking You,

Yours Truly, For V-Mart Retail Limited

Megha Tandon Company Secretary and Compliance Officer

Encl: As above

www.vmartretail.com

V-Mart Retail Ltd. Financial Results & Analysis Q2 FY’23

Disclaimer

This presentation has been prepared by V-Mart Retail Limited (“V-Mart”) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute an offer.

No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to the general business plans and strategy of V-Mart, its future financial condition and growth prospects, future developments in its industry and its competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, ‘horizons of growth’, ‘strong growth prospects’, etc., or similar expressions or variations of such expressions. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to risks with respect to its hair care, its healthcare business and its skin care business.

V-Mart may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation cannot be copied and disseminated in any manner.

No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of V-Mart. This presentation is strictly confidential.

Q2 FY’23

Key Performance Highlights Financial Parameters Operational Parameters

3

Key Highlights: Q2 FY23 vs. Q2 FY22 Results

Q2 FY23

4

V-MartUnlimitedFashionKiranaV-MartUnlimitedOpened: 16Closed: 2Revenue ContributionStore Count (Nos)3267950%Revenue Growthv/s Q1 FY2279%21%Number of Stores-113Net Profit/(Loss)₹ Millions88%12%405Revenue ContributionFinancial Parameters

Revenue (₹ Millions)

Revenue Mix (%)

EBITDA (₹ Millions)

PAT (₹ Millions)

Q2 FY23

5

5,062 3,380 Q2 FY23Q2 FY2250%77.4%10.3%12.3%79.4%11.2%9.4%ApparelNon AppKiranaQ2 FY23Q2 FY22536 206 Q2 FY23Q2 FY22160%-113 -141 Q2 FY23Q2 FY22Operational Parameters

Footfall (Lakhs)

Conversion Rate (%)

Same Store Sales Growth (%)**

Average Selling Price (Rs)

**same store growth is for stores opened till FY19, FY20 and onward stores not taken due to covid impact

Q2 FY23

6

61.8%64.6%Q2 FY23Q2 FY22-3%95 66 Q2 FY23Q2 FY2242%61.8%64.6%Q2 FY23Q2 FY22-3%384 302 223 197 Q2 FY23Q2 FY22ApparelTotal13%27%10%65%Q2 FY23Q2 FY22Apr - Sep FY23

Key Performance Highlights Financial Parameters Operational Parameters

7

Key Highlights: April – Sep FY23 vs. FY22 Results

YTD FY23

8

V-MartUnlimitedFashionKiranaV-MartUnlimitedOpened: 27Closed: 2112%91Revenue GrowthNet Profit/(Loss)v/s YTD FY22₹ MillionsStore Count (Nos)# Stores80%40511%Revenue ContributionRevenue Contribution3267920%89%Financial Parameters

Revenue (₹ Millions)

Revenue Mix (%)

EBITDA (₹ Millions)

PAT (₹ Millions)

YTD FY23

9

10,940 5,154 YTD FY23YTD FY22112%79.2%10.1%10.7%79.6%11.0%9.4%ApparelNon AppKiranaYTD FY23YTD FY2291 -429 YTD FY23YTD FY221,423 187 YTD FY23YTD FY22661%Operational Parameters

Footfall (Lakhs)

Conversion Rate (%)

Transaction size (Rs.)

Average Selling Price (Rs)

YTD FY23

10

197 98 YTD FY23YTD FY22101%62%67%YTD FY23YTD FY22-5%961 841 YTD FY23YTD FY2214%376 299 228 196 YTD FY23YTD FY22ApparelTotal16%26%Operational Parameters

Sales per sq feet (per month)*

Store Count (Nos)

*basis operational days

Same Store Sales Growth (%)**

Same Store Volume Growth (%)**

Tier 1

Tier 2

Tier 3

Tier 4

Tier 1

Tier 2

Tier 3

Tier 4

**same store growth is for stores opened till FY19, FY20 and onward stores not taken due to covid impact

YTD FY23

11

110 53 179 63 100 56 157 55 Tier 1Tier 2Tier 3Tier 4YTD FY23YTD FY2257%82%YTD FY23YTD FY2249%75%YTD FY23YTD FY22571 440 YTD FY23YTD FY2230%Operational Parameters

Expenses (% of Revenue)

Retail Space (Lakhs Sq feet)

Inventory (Days of Sales)

Shrinkage (% of Revenue)

YTD FY23

Includes provision for obsolescence

12

36 32 YTD FY23YTD FY22-0.2%2.3%YTD FY23YTD FY22133 176 142 187 134 168 64 92 YTD FY23YTD FY22TotalApparelNon ApparelKirana10.2%4.6%2.7%6.3%14.6%5.0%2.3%5.3%ManpowerPowerAdvertisementOthersYTD FY23YTD FY22Financial Review – Profit & Loss Statement

INR millions (except per share data)

* Tax expense includes deferred tax

YTD FY23

13

30.09.202230.09.2021(Unaudited)(Unaudited)IRevenue from operations10,9405,154IIOther income6786IIITotal Income (I + II)11,0085,240IVTotal expenses10,8865,819V(Loss)/profit before tax (III-IV)122(580)VITotal tax expense*30(151)VII(Loss)/profit for the year (V-VI)91(429)VIIIOther comprehensive (loss)/income6(8)IXTotal comprehensive (loss)/income for the period (VII+VIII)97(436)X(Loss)/Earning per share (Nominal value of Rs. 10 each)(a) Basic (Rs.)4.62(21.62)(b) Diluted (Rs.)4.61(21.62)ParticularsFor the period endedInd-AS 116 : P&L Impact (Q2 FY23)

INR Millions

“Changes due to Ind-AS 116 (increase) / decrease on PBT”

YTD FY23

14

Pre Ind-AS 116Post Ind-AS 116Net Impact on PBT(A)(B)C = (B-A) Rent 973137(836) Finance cost 8526518 Depreciation & Amortization 255843588 PBT decreased by270Particulars (impact on PBT) – FY23Financial Review - Balance Sheet

INR Millions

15

September 30, 2022March 31, 2022(Unaudited)(Audited) ASSETS Property, plant and equipment2,9802,795 Capital work in progress30664 Intangible assets3232 Right-of-use assets9,8878,283 Financial assets Investments038 Other financial assets403370 Deferred tax assets (net)459386 Other non-current assets16944 Non-current assets (A)14,23512,011 Inventories9,1716,682 Financial assets Investments 2611,211 Loans25 Cash and cash equivalents115330 Other bank balances8020 Other financial assets822 Other current assets1,043733 Current assets (B)10,7538,983TOTAL ASSETS (C = A+B)24,98820,995ParticularsAs AtSeptember 30, 2022March 31, 2022(Unaudited)(Audited)EQUITY AND LIABILITIESEquity Equity Share Capital198197 Other Equity8,4048,299Total Equity (D)8,6018,496LiabilitiesFinancial liabilities Lease liabilities10,1688,429Employee benefit obligations109109Non-current liabilities (E)10,2768,538 Financial liabilities Borrowings1,1770 Lease liabilities678593 Trade payables3,6252,906 Other financial liabilities373212Employee benefit obligations3841Liabilities for current tax (net)144116 Other current liabilities7593Current liabilities (F)6,1103,961Total Liabilities16,38612,499TOTAL EQUITY LIABILITIES (G = D+E+F)24,98820,995ParticularsAs AtFinancial Review - CFS

INR Millions

Net Capex : Rs. 735 million (previous year: Rs. 970 million) Free Cash Flows: Rs. -1,671 million (previous year: Rs. -2,231 million)

YTD FY23

16

September 30, 2022September 30, 2021(Unaudited)(Unaudited)(A) Cash flows from operating activitiesProfit before Income Tax122(580)Adjustments to reconcile profit before tax to net cash flows1,316716Operating profit before working capital changes1,437136Changes in working capital(2,297)(1,347)Cash flow from operations(860)(1,211)Taxes paid (net of refunds)(77)(50)Net cash flow from operating activities (A)(937)(1,261)(B) Investing activitiesNet cash flow (used in)/from investing activities (B)2141,597(C) Financing activities Net cash from/(used in) financing activities (C)361(419)Net increase/(decrease) in cash and cash equivalent (D = A+B+C)(361)(83)Cash Flow Statement for the periodFor the period endingApr - Sep FY23

Store Geographical Spread Recent Campaigns Our Journey to “Omnipresence” Other Significant Updates

17

New Stores Addition (Q2 FY23)

+1

+2

+2

+1

+1

+1

+1

+1

+2

Q2 FY23

18

STATEStore CountANDHRA PRADESH1ASSAM3BIHAR3MADHYA PRADESH1ORISSA1TAMIL NADU1UTTAR PRADESH3UTTARAKHAND2WEST BENGAL1Total Stores as on September 30, 2022

5

YTD FY23

19

STATECY LYANDHRA PRADESH119ARUNACHAL PRADESH11ASSAM129BIHAR5954GOA11GUJARAT77HARYANA41HIMACHAL PRADESH12JAMMU AND KASHMIR88JHARKHAND2322KARNATAKA2021KERALA11MADHYA PRADESH1615MAHARASHTRA55MEGHALAYA11NEW DELHI54ORISSA99PUNJAB55RAJASTHAN1917TAMIL NADU2522TELANGANA1514TRIPURA11UTTAR PRADESH127115UTTRAKHAND128WEST BENGAL1715NAGALAND01Total405368Celebrating Festivals with Fashion & Happiness – Key Campaigns

Ganesh Chaturthi Celebrations

Fashion & Celebration

Pujo Leaflets

20

Store Facade

21

Our Journey to “Omnipresence” – Digital Business Campaigns

Myntra

Limeroad

Amazon

Flipkart

V-Mart App

V-Mart on Marketplace

www.vmartretail.com

22

www.vmartretail.com

Thank you!

In case of any queries, please contact the IR Team: ir_vmart@vmartretail.com