V2RETAILNSE10 February 2023

V2 Retail Limited has informed the Exchange about Investor Presentation

V2 Retail Limited

February 10, 2023

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 (East), M umbai -- 400 051

Scrip Code -- 532867

Scrip Code - V2RETAIL

Sub: Investor Presentation for Q3 FY 2022-23

Dear Sir/Madam

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirementsl Regulations 2015 please find enclosed herewith Investor Presentation for Q3FY2022-23.

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

You are requested to kindly take the above on record

Thanking you

Yours truly For V2 Retail Limited

Sudhir Kumar Company Secretary & Compliance Officer

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 : L74999DL2001PLC147

Sudhir KumarDigitally signed by Sudhir Kumar Date: 2023.02.10 19:22:28 +05'30'V2 Retail Limited

Q3 & 9M 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

Q3 & 9M FY23 Highlights

Performance Highlights – Q3 & 9M FY23 - Consolidated

EBIDTA ₹ 381 Mn in Q3 FY23 as compared to ₹ 399 Mn in Q3 FY22. ₹ 698 Mn in 9M FY23 as compared to ₹ 582 Mn in 9M FY22.

Gross Profit

₹ 861 Mn in Q3 FY23 as compared to ₹ 798 Mn in Q3 FY22. ₹ 2,048 Mn in 9M FY23 as compared to ₹ 1580 Mn in 9M FY22.

Revenue

₹ 2,397 Mn in Q3 FY23 as compared to ₹ 2,389 Mn in Q3 FY22. ₹ 6,455 Mn in 9M FY23 as compared to ₹ 4,710 Mn in 9M FY22.

PBT

₹ 125 Mn in Q3 FY23 as compared to ₹ 168 Mn in Q3 FY22. ₹ (66) Mn in 9M FY23 as compared to ₹ (19) Mn in 9M FY22.

₹

PAT

₹ 93 Mn in Q3 FY23 as compared to ₹ 123 Mn in Q3 FY22. ₹ (51) Mn in 9M FY23 as compared to ₹ (22) Mn in 9M FY22.

Highlights – Q3 FY23

Store Count & Retail Area 99 Stores at end of Q3 FY23 (Opened 1, Closed 5) Total Retail area ~10.59 lakh sq.ft.

SSG

Same Store Sales Growth (3.6%) in Q3 FY23

Average Selling Price & Average Bill Value

ASP was ₹ 320 & ABV was ₹ 847 in Q3FY23

PSF Sales per square feet per month in Q3 FY23 was ₹ 739 (Q3 FY22 ₹ 765)

Working Capital & Debt Inventory days - 86 days in Q3FY23 vs 169 days in FY22 Creditor days - 27 days in Q3FY23 vs 69 days in FY22 Net Debt - ₹ 236 Million (Q3FY23) vs ₹ 471 Million (FY22)

Highlights – 9M FY23

Store Count & Retail Area 99 Stores at end of 9M FY23 (Opened 5, Closed 6) Total Retail area ~10.59 lakh sq.ft.

SSG

Same Store Sales Growth 35% in 9M FY23

Average Selling Price & Average Bill Value

ASP was ₹ 290 & ABV was ₹ 803 in 9M FY23

PSF Sales per square feet per month in 9M FY23 was ₹ 662 (9M FY22 ₹ 498)

Working Capital & Debt Inventory days - 97 days in 9MFY23 vs 169 days in FY22 Creditor days - 31 days in 9MFY23 vs 69 days in FY22 Net Debt - ₹ 236 Million (Q3FY23) vs ₹ 471 Million (FY22)

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)

Profit & Loss - Consolidated

^ not annualised

Particulars (₹ million)Q3 FY23Q3 FY22Y-O-YQ2 FY239MFY239MFY22Y-O-YFY2022Revenue from Operations2,3972,3890%1,9456,4554,71037%6,292Other Income24111245122159Total Income2,4202,4001%1,9576,5004,83235%6,451Gross Profit8617988%5482,0481,58030%2,016 GP Margin (%)35.9%33.4%28.2%31.7%33.5%32.0%EBIDTA38139910169858220%647EBIDTA Margin (%)15.9%16.7%5.2%10.8%12.4%10.3%Depreciation176 151 156 497 452 588 Finance Cost104 91 111 312 272 366 PBT125 168 (155) (66) (19) (149) PBT Margin (%)5.2%7.0%-7.9%-1.0%-0.4%-2.3%PAT93 123 (116) (51) (22) (117) PAT Margin (%)3.8%5.1%-5.9%-0.8%-0.4%-1.8%Total Comprehensive Income92 121 (117) (53) (26) (121) EPS Basic (₹ per share)^2.71 3.58 (3.37) (1.49) (0.63) (3.40) EPS Diluted (₹ per share)^2.69 3.58 (3.37) (1.48) (0.63) (3.39) Pre Ind AS 116 Profit & Loss (Consolidated)

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

Particulars (₹ million)Q3 FY23Q3 FY22Y-O-YQ2 FY239MFY239MFY22Y-O-YFY2022Revenue from Operations2,3972,3890%1,945 6,455 4,710 37%6,292 Other Income2 2 8 11 9 16 Total Income2,3982,3911,9536,4654,7196,308Cost of Material Consumed1,5361,5911,3974,4063,1304,277Gross Profit8617988%548 2,048 1,580 30%2,016 GP Margin (%)35.9%33.4%28.2%31.7%33.5%32.0%Employee Benefit Expenses247193225669448635Other Expenses4133604011,2049381,286EBIDTA200245(78) 17519394EBIDTA Margin (%)8.3%10.2%-4.0%2.7%4.1%1.5%Depreciation524449149138184Finance Cost151213403446PBT Before Exceptional Item135190(132) (3) 31(121) PBT Margin (%)5.6%8.0%-6.8%0.0%0.7%-1.9%Profit & Loss - Standalone

^ not annualised

Particulars (₹ million)Q3 FY23Q3 FY22Y-O-YQ2 FY239MFY239MFY22Y-O-YFY2022Revenue from Operations2,3972,3890%1,9456,4554,71037%6,292Other Income2310941121156Total Income2,4202,3991%1,9546,4964,83134%6,448Gross Profit8177637%4921,9231,48430%1,886 GP Margin (%)34.1%31.9%25.3%29.8%31.5%30.0%EBIDTA37338873663550607EBIDTA Margin (%)15.6%16.3%3.8%10.3%11.7%9.7%Depreciation168 145 149 474 437 566 Finance Cost102 90 109 307 268 361 PBT125 164 (177) (78) (34) (164) PBT Margin (%)5.2%6.8%-9.0%-1.2%-0.7%-2.5%PAT93 119 (134) (62) (34) (129) PAT Margin (%)3.8%5.0%-6.9%-1.0%-0.7%-2.0%Total Comprehensive Income92 117 (135) (63) (38) (133) EPS Basic (₹ per share)^2.70 3.48 (3.89) (1.80) (1.00) (3.76) EPS Diluted (₹ per share)^2.69 3.47 (3.89) (1.80) (1.00) (3.76) Pre Ind AS 116 Profit & Loss (Standalone)

Particulars (₹ million)Q3 FY23Q3 FY22Y-O-YQ2 FY239MFY239MFY22Y-O-YFY2022Revenue from Operations2,3972,3890%1,945 6,455 4,710 37%6,292 Other Income1 2 7 9 9 14 Total Income2,3982,3911,9526,4634,7196,306Cost of Material Consumed1,5801,6261,4534,5313,2254,407Gross Profit8177637%492 1,923 1,484 30%1,886 GP Margin (%)34.1%31.9%25.3%29.8%31.5%30.0%Employee Benefit Expenses229178209619410581Other Expenses3913473831,1479021,232EBIDTA197 239 (100) 157 173 72EBIDTA Margin (%)8.2%10.0%-5.2%2.4%3.7%1.2%Depreciation49 43 46 141 133 178 Finance Cost14 12 13 39 34 46 PBT Before Exceptional Item135 186 (153) (15) 15 (138) PBT Margin (%)5.6%7.8%-7.8%-0.2%0.3%-2.2%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; Behraich; Akbarpur; Azamgarh; Ballia ; Varanasi 3; Gorakhpur 3; Basti; Raebareli; Jaunpur; Prayagraj; Mirzapur; Balrampur; Lakhimpur Kheri; Lucknow 2; Jhansi, Kanpur

Madhya Pradesh (3)

Jabalpur; Sagar; Rewa

Goa (2)

Panaji; Bicholim

Karnataka (4)

Hubli; Belgaum, Vijaynagar, Gulbarga

Uttarakhand (4) Haldwani; Roorkee; Khatima; Dehradun

Arunachal (1) & Meghalaya (1)

Itanagar ; Shilong

Assam (6) & Tripura (1)

Guwahati 1; Guwahati 3; Silchar; Barpeta; Jorhat; Agartala, Silchar 2

West Bengal (1)

Malda

Bihar (24)

Patna ; Gaya; Darbhanga; Bhagalpur; Bettiah; Arrah; Purnia; Siwan; Bihar Sharif; Begusarai (1); Sitamarhi; Motihari; Saharsa; Samastipur, Barh; Banka; Aurangabad; Muzaffarpur; Madhubani; Patna 2; Gopalganj; Patna 3; Chapra; Sasaram

Jharkhand (7)

Jamshedur; Ranchi; Hazaribagh; Deogarh; Rajdhanwar, Chas, Dumka

Odisha (16)

Cuttack; Berhampur; Bhuwaneshwar 1; Jeypore; Bhuwaneshwar 2; Bhuwaneshwar 3, Jajpur, Angul, Bhadrak, Balasore; Nimapada; Sundergarh; Raj Khariar; Rourkela; Baripada, Rasulgarh

Our Brands

Banka, Bihar

Promotion Campaigns

Stores Opening

Kanpur Store

Rasulgarh Storee

Management

Board of Directors

Mr. Ram Chandra Agarwal, Chairman & Managing Director

Ms. Uma Agarwal, Whole Time Director

• Mr. Agarwal holds a bachelor’s degree in

• Mrs. Agarwal holds a bachelor’s degree in

Commerce.

Arts.

• Has a vast experience of ~ 25 years of

• Has a vast experience of ~ 15 years in the

entrepreneurial and business

retail industry.

• He has been a member of the Board of Directors

• Has been a member of the Board of Directors

since inception.

• 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

this concept in India.

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

•

She oversees the marketing strategies of the Company.

Mr. Akash Agarwal, Non Executive Director

• Mr. Akash Agarwal holds a bachelor’s of business administration from Lancaster University, UK

• He has more than 8 years of experience

in the Retail Industry.

• He

looks

after

E-Commerce,

Procurement and Finance.

Board of Directors

Dr. Arun Kumar Roopanwal Independent Director

Mrs. Archana S Yadav Independent Director

Mrs. Archana S Yadav Mr. Srinivas Anand Mannava Independent Director Independent Director

• 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.

• A Chartered Accountant in

practice 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, Service tax Consultant & Direct Tax advisor.

• She was appointed as GST Faculty by ICAI for GST knowledge sharing across India.

• Post-Graduate Program in

Business Management from IIM, Kozhikode.

• He has financial expertise and

extensive experience in Strategy Planning, Improving Shareholders Wealth, and Financial Journalism.

• He authored Investor Relations

book, published by ICFAI. Host IR Awards annually at BSE with Entities Like Bloomberg, BNY Mellon, KPMG, IR Magazine. Launched certification in Investor Relations in Association with BSE Institute.

Key Financial Indicators - Historical

Standalone Profit & Loss

Particulars (₹ in Mn)FY2018FY2019FY2020FY2021FY2022Revenue from Operations5,594 7,484 7,012 5,386 6,292 Other Income33 99 23 222 156 Total Income5,627 7,583 7,035 5,608 6,448 Growth (%)19%34%-6%-23%17%Gross Profit1,804 2,421 1,960 1,583 1,886 GP Margin (%)32%32%28%29%30%EBIDTA550 568 783 709 763 EBIDTA Margin (%)10%8%11%13%12%Depreciation84 144 505 538 566 Finance Cost6 7 299 302 361 PBT Before Exceptional Item460 417 (21) (131) (164) PBT Margin (%)8%5%0%-2%-3%Exceptional Item (Gain) / Loss266 -125 - - PAT311 205 101 (110) (129) PAT Margin (%)6%3%1.4%-2.9%-2.0%Total Comprehensive Income310 204 96 (110) (133) Standalone Balance Sheet

Particulars (₹ in Mn)FY 2022FY 2021Particulars (₹ in Mn)FY 2022FY 2021ASSETSEQUITY AND LIABILITIESNon-current assetsEquityProperty, plant and equipment916 971 Equity share capital344 341 Capital Work in Progress- - Other equity 2,258 2,378 Right to use Assets2,785 2,849 Total - Equity2,601 2,719 Other intangible assets45 5 Intangibleassetsunderdevelopment- 46 LIABILITIESFinancial assetsNon-current liabilitiesInvestment in Subsidiary150 150 Borrowings- 1 Other financial assets77 70 Lease Liability3,026 3,056 Income tax assets (net)16 21 Financial liabilities1 1 Deferred tax assets (net)269 233 Provisions39 27 Other non-current assets185 192 Other non-current liabilities- - Total - Non-Current Assets4,443 4,538 Total Non-Current Liabilities3,067 3,085 Current assetsCurrent liabilitiesInventories2,673 2,654 Borrowings489 504 Financial assetsLease Liability322 320 Cash and cash equivalents59 152 Trade payables1,119 1,173 Bank balances other than cash & cash equivalents9 7 Other financial liabilities 81 95 Other financial assets168 150 Provisions22 22 Trade Receivables9 7 Other current liabilities17 14 Other current assets356 425 Total - Current liabilities2,049 2,128 Total - Current Assets3,274 3,394 TOTAL - ASSETS7,717 7,932 TOTAL - EQUITY AND LIABILITIES7,717 7,932 Consolidated Profit & Loss

Particulars (₹ in Mn)FY2020FY2021FY2022Revenue from Operations7,012 5,386 6,292 Other Income25 230 159 Total Income7,037 5,616 6,451 Growth (%)-20%15%Gross Profit1,960 1,628 2,016 GP Margin (%)28%30%32%EBIDTA773 715 805 EBIDTA Margin (%)11%13%13%Depreciation510 555 588 Finance Cost303 313 366 PBT Before Exceptional Item(39)(153)(149)PBT Margin (%)1%-3%-2%Exceptional Item (Gain) / Loss(125)- - PAT88(128)(117)PAT Margin (%)1%-2%-2%Profit for the period88(129)(121)PAT Margin (%)1.4%-2.9%-1.9%Total Comprehensive Income83 (129) (121) Robust Standalone Financial Performance

Revenue (₹ Million)

EBIDTA (₹ Million) and EBIDTA Margins

PBT (₹ Million)

PAT (₹ Million)

Key Operating Metrics - Standalone

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 / Mr. Amit Porwal Marathon Capital Advisory Private Limited Tel : +91-22-40030610 / 9967576900 / 9819773905 Email : rahul@marathoncapital.in / amit@marathoncapital.in

Company

Mr. Sudhir Kumar (Company Secretary & Compliance Officer) V2 Retail Limited Tel : +91-11-41771850 : Email : cs@v2kart.com

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V2 Retail Limited has informed the Exchange about Investor Presentation

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