V2RETAILNSE25 May 2023

V2 Retail Limited has informed the Exchange about Investor Presentation

V2 Retail Limited

May 25, 2023

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

NationalStock Exchange Of India Limited Listing Department Exchange Plaza, Bandra Kurta Complex, Bandra IEastl, Mumbai - 400 051

Scrip Code -- 532867

Scrip Code -- V2RETAIL

Sub: Investor Presentation for Q4 FY 2022-23

Dea r Sir/Mada m,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 20-L5, please find enclosed herewith Investor Presentation for Q4 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,

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 : L74999DL2001PLC147724

V2 Retail Limited

Q4 & 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

Q4 & FY23 Highlights

Performance Highlights – Q4 & FY23 - Consolidated

EBIDTA ₹ 142 Mn in Q4 FY23 as compared to ₹ 65 Mn in Q4 FY22. ₹ 840 Mn in FY23 as compared to ₹ 647 Mn in FY22.

Gross Profit

₹ 552 Mn in Q4 FY23 as compared to ₹ 436 Mn in Q4 FY22. ₹ 2,601 Mn in FY23 as compared to ₹ 2,016 Mn in FY22.

Revenue

₹ 1,934 Mn in Q4 FY23 as compared to ₹ 1,583 Mn in Q4 FY22. ₹ 8,389 Mn in FY23 as compared to ₹ 6,292 Mn in FY22.

PBT

₹ (103) Mn in Q4 FY23 as compared to ₹ (129) Mn in Q4 FY22. ₹ (170) Mn in FY23 as compared to ₹ (149) Mn in FY22.

₹

PAT

₹ (77) Mn in Q4 FY23 as compared to ₹ (95) Mn in Q4 FY22. ₹ (128) Mn in FY23 as compared to ₹ (117) Mn in FY22.

Highlights – Q4 FY23

Store Count & Retail Area 102 Stores at end of Q4 FY23 (Opened 5, Closed 2) Total Retail area ~10.83 lakh sq.ft.

SSG

Same Store Sales Growth 19.4% in Q4 FY23

Average Selling Price

ASP was ₹ 263 in Q4FY23 (Q4FY22 ₹ 287)

PSF Sales per square feet per month in Q4 FY23 was ₹ 596 (Q4 FY22 ₹ 504)

Average Bill Value

ABV was ₹ 776 in Q4FY23 (Q4FY22 ₹ 802)

Highlights – FY23

Store Count & Retail Area 102 Stores at end of FY23 (Opened 10, Closed 8) Total Retail area ~10.83 lakh sq.ft.

SSG

Same Store Sales Growth 31% in FY23

Average Selling Price

ASP was ₹ 283 in FY23 (FY22 ₹ 289)

PSF Sales per square feet per month in FY23 was ₹ 651 (FY22 ₹ 494)

Average Bill Value

ABV was ₹ 797 in FY23 (FY22 ₹ 790)

Q4 & FY23 Consolidated Financial Highlights

Revenue (₹ Million)

Gross Profit (₹ Million)

EBIDTA (₹ Million)

Profit After Tax (₹ Million)

Q4 & FY23 Standalone Financial Highlights

Revenue (₹ Million)

Gross Profit (₹ Million)

EBIDTA (₹ Million)

Profit After Tax (₹ Million)

Profit & Loss – Consolidated

^ not annualised

Particulars (₹ million)Q4 FY23Q4 FY22Y-O-YQ3 FY23FY23FY22Y-O-YRevenue from Operations1,9341,58322%2,3978,3896,29233%Other Income21372467159Total Income1,9561,61921%2,4208,4566,45131%Gross Profit55243627%8612,6012,01629% GP Margin (%)28.6%27.5%35.9%31.0%32.0%EBIDTA14265120%38184064730%EBIDTA Margin (%)7.4%4.1%15.9%10.0%10.3%Depreciation173 137 176 671 588 Finance Cost94 94 104 406 366 PBT(103) (129) 125 (170) (149) PBT Margin (%)-5.3%-8.0%5.2%-2.0%-2.3%PAT(77) (95) 93 (128) (117) PAT Margin (%)-3.9%-5.9%3.8%-1.5%-1.8%Total Comprehensive Income(77) (95) 92 (130) (121) EPS Basic (₹ per share)^(2.24) (2.77) 2.71 (3.73) (3.40) EPS Diluted (₹ per share)^(2.24) (2.76) 2.69 (3.73) (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)Q4 FY23Q4 FY22Y-O-YQ3 FY23FY23FY22Y-O-YRevenue from Operations1,9341,58322%2,397 8,389 6,292 33%Other Income21 7 2 17 16 Total Income1,9561,5892,3988,4056,308Cost of Material Consumed1,3821,1471,5365,7884,277Gross Profit55243627%8612,6012,01629% GP Margin (%)28.6%27.5%35.9%31.0%32.0%Employee Benefit Expenses220187247888635Other Expenses3723484131,5761,286EBIDTA(39) (99) 153%200 1369444%EBIDTA Margin (%)-2.0%-6.3%8.3%1.6%1.5%Depreciation514752200184Finance Cost713154746PBT Before Exceptional Item(76) (152) 135 (95) (121) PBT Margin (%)-3.9%-9.5%5.6%-1.1%-1.9%Profit & Loss - Standalone

^ not annualised

Particulars (₹ million)Q4 FY23Q4 FY22Y-O-YQ3 FY23FY23FY22Y-O-YRevenue from Operations1,9341,58322%2,3978,3896,29233%Other Income20342361156Total Income1,9551,61721%2,4208,4506,44831%Gross Profit51040127%8172,4341,88629% GP Margin (%)26.4%25.4%34.1%29.0%30.0%EBIDTA12657119%37378860730%EBIDTA Margin (%)6.5%3.6%15.6%9.4%9.7%Depreciation165 129 168 639 566 Finance Cost92 92 102 399 361 PBT(110) (130) 125 (188) (164) PBT Margin (%)-5.7%-8.0%5.2%-2.2%-2.5%PAT(82) (95) 92 (145) (129) PAT Margin (%)-4.2%-5.9%3.8%-1.7%-2.0%Total Comprehensive Income(82) (95) 91 (146) (133) EPS Basic (₹ per share)^(2.38) (2.76) 2.66 (4.21) (3.76) EPS Diluted (₹ per share)^(2.38) (2.76) 2.65 (4.21) (3.76) Pre Ind AS 116 Profit & Loss (Standalone)

Particulars (₹ million)Q4 FY23Q4 FY22Y-O-YQ3 FY23FY23FY22Y-O-YRevenue from Operations1,9341,58322%2,397 8,389 6,292 33%Other Income5 5 1 14 14 Total Income1,9391,58722%2,3988,4036,30633%Cost of Material Consumed1,4241,1811,5805,9554,407Gross Profit51040127%817 2,434 1,886 29% GP Margin (%)26.4%25.4%34.1%29.0%30.0%Employee Benefit Expenses200171229819581Other Expenses3603303911,5071,232EBIDTA(49) (100) 104%197 108 72 49%EBIDTA Margin (%)-2.5%-6.3%8.2%1.3%1.2%Depreciation48 45 49 189 178 Finance Cost7 13 14 46 46 PBT Before Exceptional Item(99) (153) 54%135 (113) (138) 21%PBT Margin (%)-5.1%-9.6%5.6%-1.4%-2.2%Store Presence

Jammu & Kashmir (1)

Kathua

Himachal (1)

Solan

NCR (4)

Mahipalpur; Faridabad; Kapasehra 1; Bhajanpura

Uttar Pradesh (26)

Gorakhpur 1; Gorakhpur 2; Varanasi 1; Padrauna; Gazipur; Pratapgarh; Lucknow; Behraich; Akbarpur; Azamgarh; Ballia ; Varanasi 3; Basti; Raebareli; Jaunpur; Prayagraj; Mirzapur; Balrampur; Lakhimpur Kheri; Lucknow 2; Jhansi, Kanpur; Gonda; Bareilley; Bareilley 2; Bhangel

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

Bareilley Store

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

Consolidated Profit & Loss

Particulars (₹ in Mn)FY2020FY2021FY2022FY2023Revenue from Operations6,292 4,710 6,292 8,389 Other Income159 122 159 67 Total Income6,451 4,832 6,451 8,456 Growth (%)-25%0%75%Gross Profit2,016 1,580 2,016 2,601 GP Margin (%)32%34%32%31%EBIDTA647 582 647 840 EBIDTA Margin (%)10%12%10%10%Depreciation588 452 588 671 Finance Cost366 272 366 406 PBT Before Exceptional Item(307) (141) (149) (170) PBT Margin (%)-2%0%-2%-2%PAT(117) (22) (117) (128) PAT Margin (%)-2%0%-2%-2%Total Comprehensive Income(121) (26) (121) (130) Consolidated Balance Sheet

Particulars (₹ in Mn)FY2023FY2022Particulars (₹ in Mn)FY2023FY2022ASSETSEQUITY AND LIABILITIESNon-current assetsEquityProperty, plant and equipment986 1,029 Equity share capital344 344 Capital Work in Progress1 - Other equity 2,125 2,238 Right to use Assets3,058 2,864 Total - Equity2,469 2,582 Other intangible assets37 45 Intangibleassetsunderdevelopment3 - LIABILITIESFinancial assetsNon-current liabilitiesOther financial assets83 80 Borrowings72 56 Deferred tax assets (net)320 274 Lease Liability3,303 3,089 Non-Current tax assets (net)6 14 Financial liabilities2 1 Other non-current assets180 187 Provisions44 40 Total - Non-Current Assets4,674 4,494 Total Non-Current Liabilities3,421 3,186 Current assetsCurrent liabilitiesInventories2,789 2,908 Borrowings465 489 Financial assetsLease Liability398 342 Cash and cash equivalents49 65 Trade payables1,075 1,195 Bank balances other than cash & cash equivalents2 9 Other financial liabilities 72 87 Other financial assets11 15 Provisions24 23 Trade Receivables1 13 Other current liabilities19 17 Other current assets417 418 Total - Current Assets3,269 3,428 Total - Current liabilities2,052 2,153 TOTAL - ASSETS7,943 7,922 TOTAL - EQUITY AND LIABILITIES7,943 7,922 Standalone Profit & Loss

Particulars (₹ in Mn)FY2019FY2020FY2021FY2022FY2023Revenue from Operations7,484 7,012 5,386 6,292 8,389 Other Income99 23 222 156 61 Total Income7,583 7,035 5,608 6,448 8,450 Growth (%)34%-6%-23%17%33%Gross Profit2,421 1,960 1,583 1,886 2,434 GP Margin (%)32%28%29%30%29%EBIDTA568 783 488 607 788 EBIDTA Margin (%)8%11%9%10%9%Depreciation144 505 538 566 639 Finance Cost7 299 302 361 399 PBT Before Exceptional Item417 (21) (131) (164) (188) PBT Margin (%)5%0%-2%-3%-2%Exceptional Item (Gain) / Loss266 -125 - - PAT205 101 (110) (129) (145) PAT Margin (%)3%1.4%-2.9%-2.0%-1.7%Total Comprehensive Income204 96 (110) (133) (146) Standalone Balance Sheet

Particulars (₹ in Mn)FY2023FY 2022Particulars (₹ in Mn)FY2023FY 2022ASSETSEQUITY AND LIABILITIESNon-current assetsEquityProperty, plant and equipment857 916 Equity share capital344 344 Capital Work in Progress1 - Other equity 2,128 2,258 Right to use Assets3,003 2,785 Total - Equity2,472 2,601 Other intangible assets31 45 Intangible assets under development3 - LIABILITIESFinancial assetsNon-current liabilitiesInvestment in Subsidiary150 150 Borrowings- - Other financial assets79 77 Lease Liability3,263 3,026 Non-Current tax assets (net)5 13 Financial liabilities2 1 Deferred tax assets (net)312 269 Provisions43 39 Other non-current assets177 185 Other non-current liabilitiesTotal - Non-Current Assets4,618 4,440 Total Non-Current Liabilities3,309 3,067 Current assetsCurrent liabilitiesInventories2,465 2,673 Borrowings465 489 Financial assetsLease Liability377 322 Cash and cash equivalents19 59 Trade payables940 1,119 Bank balances other than cash & cash equivalents2 9 Other financial liabilities 62 81 Other financial assets73 168 Provisions23 22 Trade Receivables1 13 Other current liabilities14 17 Other current assets485 356 Total - Current liabilities1,882 2,049 Total - Current Assets3,045 3,278 TOTAL - ASSETS7,662 7,717 TOTAL - EQUITY AND LIABILITIES7,662 7,717 Cash Flow Statement

FY2023FY2022FY2023FY2022PBT (188) (164) (170) (149)Adjustments 1,081 871 1,117 897 Operating profit before working capital changes 893 708 947 749 Changes in working capital (104) (104) (94) (171)Cash generated from operations 789 604 853 578 Direct taxes paid (net of refund) 11 9 11 8 Net Cash from Operating Activities 800 613 864 586 Net Cash from Investing Activities (91) (116) (123) (157)Net Cash from Financing Activities (749) (589) (757) (583)Net Change in cash and cash equivalents (40) (92) (16) (154)Opening Cash Balance 59 152 65 219 Closing Cash Balance 19 59 49 65 StandaloneConsolidatedParticulars (₹ in Mn)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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