Pearl Global Industries Limited

20%

enging amidst higher interest costs and higher inflation rates, we remain confident to sustain a 15-20% compounded annual growth rate over the next 3-4 years. To navigate the challenges pertaining to th

Rs. 3,158.4

ts. This shall help us in keeping our profitability intact.” 4 Business Highlights FY23 Revenue Rs. 3,158.4 CRS 16% Highest ever revenue since inception on account of : • Improved product mix, higher real

RS 16

l help us in keeping our profitability intact.” 4 Business Highlights FY23 Revenue Rs. 3,158.4 CRS 16% Highest ever revenue since inception on account of : • Improved product mix, higher realization

8.1%

tomers with better realizations • Integration from Alpha acquisition in financials EBITDA Margin 8.1% +290 bps EBITDA Margins improved by 290 bps to 8.1% in FY23 from 5.2% in FY22 due to: • Consisten

290 bps

with better realizations • Integration from Alpha acquisition in financials EBITDA Margin 8.1% +290 bps EBITDA Margins improved by 290 bps to 8.1% in FY23 from 5.2% in FY22 due to: • Consistent improved

5.2%

financials EBITDA Margin 8.1% +290 bps EBITDA Margins improved by 290 bps to 8.1% in FY23 from 5.2% in FY22 due to: • Consistent improved profitability in Vietnam operations • • Improved profitabi

Rs. 5

cretive from Year 1 Dividend Policy Robust Governance Controls • Declared an interim dividend of Rs. 5/share at the end of the year resulting in a total • EY appointed as a statutory auditor for our H

Rs. 7.5

resulting in a total • EY appointed as a statutory auditor for our Hong Kong company dividend of Rs. 7.5 (75% of FV) for FY23 ROCE* 24.2% +1,200 bps ROCE improved from 12.2% in FY22 to 24.2% in FY23 due

75%

in a total • EY appointed as a statutory auditor for our Hong Kong company dividend of Rs. 7.5 (75% of FV) for FY23 ROCE* 24.2% +1,200 bps ROCE improved from 12.2% in FY22 to 24.2% in FY23 due to:

24.2%

d as a statutory auditor for our Hong Kong company dividend of Rs. 7.5 (75% of FV) for FY23 ROCE* 24.2% +1,200 bps ROCE improved from 12.2% in FY22 to 24.2% in FY23 due to: • Margin improvement across

1,200 bps

tatutory auditor for our Hong Kong company dividend of Rs. 7.5 (75% of FV) for FY23 ROCE* 24.2% +1,200 bps ROCE improved from 12.2% in FY22 to 24.2% in FY23 due to: • Margin improvement across all geograp

12.2%

Kong company dividend of Rs. 7.5 (75% of FV) for FY23 ROCE* 24.2% +1,200 bps ROCE improved from 12.2% in FY22 to 24.2% in FY23 due to: • Margin improvement across all geographies • Improved asset tur

Highest ever revenue since inception on account of

1

Exceptional Items

1

Increase in EBITDA Margin

1

Incorporation

1

Diversified Product Offering

1

Manufacturing Capability

1

Multi-National Presence

1

Robust Design Team

1

Marquee Clientele

1

Workforce

1

Highest ever revenue since inception on account of

• Improved product mix, higher realization per unit and improved capacity utilization from Bangladesh and Vietnam Increased orders from existing customers • • Addition of new strategic customers with better realizations • Integration from Alpha acquisition in financials EBITDA Margin 8.1% +290 bps EBITDA Margins improved by 290 bps to 8.1% in FY23 from 5.2% in FY22 due to: • Consistent improved profitability in Vietnam operations • • Improved profitability on account of operating leverage from the existing factories and the greenfield factory in Bangladesh Integration from Alpha acquisition which is EBITDA accretive from Year 1 Dividend Policy Robust Governance Controls • Declared an interim dividend of Rs. 5/share at the end of the year resulting in a total • EY appointed as a statutory auditor for our Hong Kong company dividend of Rs. 7.5 (75% of FV) for FY23 ROCE* 24.2% +1,200 bps ROCE improved from 12.2% in FY22 to 24.2% in FY23 due to: • Margin improvement across all geographies •

Exceptional Items

▪ Exceptional item of INR 17.8 crores on account of sale of land & building 10 Consolidated Balance Sheet Assets (INR CRS.) Non - Current Assets Property Plant & Equipment CWIP Goodwill Intangible assets Right of use asset Investment Properties Investment - Others Loans Other Financial Assets Deferred Tax Assets (Net) Other Non - Current Assets (Net) Other Non Current Tax Assets (net) Current Assets Inventories Financial Assets (i)Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances (v) Loans Other Financial Assets Other current assets Total Assets Mar-23 619.5 288.2 33.1 19.2 1.6 133.9 57.4 54.2 0.3 8.1 1.4 20.5 1.6 1,161.2 513.3 5.6 209.4 256.1 38.3 25.4 8.2 104.9 1,780.6 Mar-22 533.9 258.2 15.2 18.0 0.7 111.7 59.0 49.9 1.3 11.0 0.9 6.0 2.1 1,246.7 539.6 5.3 366.6 116.9 32.9 34.6 5.9 144.9 1,780.6 Equity & Liabilities (INR CRS.) Total Equity Share Capital Reserves & Surplus Non Controlling Interest Non-Current Liabilities Financial Liabilities (i) Bor

Increase in EBITDA Margin

▪ Gross margin percentage is higher because of change in product mix. ▪ EBITDA has improved because of operating leverage and improved operational efficiency 70.8% 98.2% 16 Standalone Balance Sheet Assets (INR CRS.) Non - Current Assets Property Plant & Equipment CWIP Intangible assets Right of use asset Investment Properties Investment - Others Loans Other Financial Assets Deferred Tax Assets (Net) Other Non - Current Assets (Net) Other Non Current Tax Assets (net) Current Assets Inventories Financial Assets (i)Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances (v) Loans Other Financial Assets Other current assets Total Assets Mar-23 Mar-22 Equity & Liabilities (INR CRS.) Mar-23 Mar-22 364.9 128.2 6.9 1.6 30.0 57.4 126.5 0.1 6.8 0.7 1.4 5.2 416.8 135.6 5.6 110.4 67.4 22.0 4.2 1.0 70.6 781.7 344.8 124.1 0.0 0.7 21.7 59.0 126.4 0.1 6.5 0.0 0.5 5.7 518.7 221.8 5.3 115.9 43.2 21.4 0.4 4.9 105.8 863.5 Total Equity Share Capital Reserves & Surplus Non-Curr

Incorporation

Founded in 1987, Pearl Global is a leading apparel manufacturer offering end-to-end sustainable solutions to the fashion industry

Manufacturing Capability

Well-diversified and de-risked manufacturing base with 22 manufacturing units spread across 8 countries Total capacity to manufacture around 82 million units per year Everything from Fibre to Fashion

Robust Design Team

Our efficient team of 75 Designers across 4 Countries leads the journey from a concept to the finished product