Vaibhav Global Limited has informed the Exchange about Investor Presentation

VAIBHAV GLOBAL LIMITED

Ref: VGL/CS/2023/77

Date: 2nd August, 2023

National Stock Exchange of India Limited (NSE) Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra, Mumbai – 400 051 Symbol: VAIBHAVGBL

Subject: Financial Results Presentation

Dear Sir / Madam,

BSE Limited Phiroze JeejeeBhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 532156

Pursuant to regulation 30(6) of the SEBI (LODR) Regulations, 2015 please find enclosed Financial Results Presentation of Q1 FY 2024.

This is for your information and record.

Thanking you,

Yours Truly,

For Vaibhav Global Limited

Sushil Sharma Company Secretary

E-69, EPIP, Sitapura, Jaipur-302022, Rajasthan, India • Phone: 91-141-2770648, Fax: 91-141-2770510

Regd. Office: K-6B, Fateh Tiba, Adarsh Nagar, Jaipur – 302004, Rajasthan, India • Phone: 91-141-2601020, Fax: 91-141-2605077

CIN: L36911RJ1989PLC004945 • Email: investor_relations@vaibhavglobal.com • Website: www.vaibhavglobal.com

Vaibhav Global Limited

Global Retailer on TV and Digital Platforms of Fashion Jewellery, Lifestyle Products and Accessories

Results Presentation: Q1 FY24

Disclaimer

This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of

strategic initiatives, and other statements relating to Vaibhav Global Limited (VGL) and its group companies’ future business

developments and economic performance. While these forward-looking statements indicate our assessment and future expectations

concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments

and results to differ materially from our expectations.

These factors include, but are not limited to, general market, macro‐economic, government and regulatory trends, movements in currency

exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties

dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Vaibhav Global

Limited undertakes no obligation to periodically revise any forward-looking statements to reflect future/likely events or circumstances.

2

MD’s Message

Sales for the quarter were Rs. 658 crores, an increase of 4.8% over same quarter of last fiscal year. Our 5 years CAGR stays healthy at 11% suggesting robustness of our business model amidst various kinds of economic cycles.

In Q1 our gross margins continue to remain healthy at 61.2%. Our in-house manufacturing capabilities and a global sourcing base provide us with a competitive advantage and enables market leading gross margins. EBITDA margin for the quarter has been at 10.0% of revenue vs 7.0% in Q1 FY23. Our sustained efforts towards cost optimisation and better pricing have enabled us to improve profitability since last couple of quarters.

In US and UK, consumer sentiments are still muted from historic perspective but are showing signs of improvement. Our customer outreach effort and household expansion continues in these markets. We are augmenting our reach by adding more TV cable and OTA households. Germany is faring well and clocking monthly revenue of € 1.5 million at gross margin of 60%+. Recently, we added 13 million households through partnering with Vodafone- one of the largest cable TV service providers. We are expecting to get additional distribution in Germany in Q3, which would get us to over 95% of the market penetration. As these airtime opportunities are not easily available, we will not hesitate to invest. With these investments we now expect reaching breakeven in Germany by H2 of FY25.

Further, the 4R’s- widening Reach, new customer Registration, customer Retention and Repeat purchases, are our key priorities. The reach of our TV networks by end of Q1 FY24 was approximately 141 million TV homes, which was 11% higher YoY. New registrations in trailing 12-month period came in at 3.1 lakhs. Our customer retention rates were at 38% on TTM basis, vis-à-vis 41% of last year. Customers bought an average of 23 pieces on TTM basis. Both repeat and retention rates were slightly lower due to higher price points and broader macro challenges.

Commenting on Q1 FY24 results,

Mr. Sunil Agrawal, Managing Director, Vaibhav Global Limited said:

Sustainability is at the core of everything we do. We are delighted to announce that recently we issued our 2nd annual ESG report. The report reflects our efforts towards value creation with focus on transparency, strong governance, and ethical business practices. We are delighted to receive the ‘Net Zero Energy Building’ certification by IGBC. This quarter we surpassed the milestone of donating our 78 millionth meal to school children since inception of our mid-day meal programme called as ‘Your Purchase Feeds…’.

We have a strong balance sheet and are confident in our strategies and our teams. Our outlook for medium to long-term remains intact. We will deliver our original guidance of 8% to 10% revenue growth in FY24 and mid-teens growth FY25 onwards. We will gain strong operating leverage in current as well as next financial year. We have a robust cash flow model and record of returning meaningful cash to shareholders. The BoD has declared interim dividend of Rs. 1.50 per equity share for the quarter.

3

Table of Contents

Company Overview

Business Overview

Operational & Financial Highlights

Financial Performance Trends

Annexures

6

10

24

36

41

5

Q1 FY24 Highlights

4.8% growth in revenue amidst macro challenges

Gross margins at 61.2% reflecting strength of vertically integrated business model

EBITDA margin at 10% vs 7% in Q1 FY23. YoY improvement on account of better pricing and cost rebase

Unique customer base at 4.4 lakhs with new registration number at 3.1 lakhs on TTM basis

Sustained investments towards increasing the presence on digital platforms

Declared interim dividend of Rs. 1.50 per equity share for first quarter

▪ Vaibhav Global Limited conferred with India Risk Management Award by CNBC-TV18 & ICICI Lombard ▪ Net Zero Energy Building certified by IGBC

78 mn meals since inception of mid-day meal program ‘Your Purchase Feeds…’. Serving ~ 48k meals per school day

4

Company Overview

Guiding Pillars That Defines VGL

OUR VISION

Be the Value Leader in Electronic

Retailing of Jewellery & Lifestyle

Products

OUR MISSION To deliver one million meals per day to children in need by ‘FY31’ through our one for one meal program- ‘Your Purchase Feeds…’

CORE VALUES

Team-Work

Honesty

Passion

Positive Attitude

Commitment

7

About Us

Vertically-integrated Digital Retailer of fashion jewellery & lifestyle products ▪ End-to-end B2C business model ▪ Presence through proprietary TV channels and

digital platforms

Strong Management and Governance

▪ Professional management team ▪ Experienced Independent Board

Solid Infrastructure Backbone

▪ Continued investment in building digital

capabilities

▪ Scalable model with limited capex requirement

Strong Customer Visibility

▪ TV Homes accessed (*FTE): ~ 141 mn

households

▪ Growing online presence

Exceptional one for one social program – ‘Your Purchase Feeds…’ ▪ Every piece sold results in one meal for

school-going child

▪ Served 78 million meals till date

Robust Customer Engagement

▪ Omni-channel B2C retail presence ▪ Cross selling potential

*FTE: Full Time Equivalent

8

An Evolving Journey

Started Gemstones business

Started Jewellery manufacturing for B2B

Listing on stock exchange

1980

1996

1997

Ventured into 'Lifestyle Products' category, name changed to Vaibhav Global Ltd.

2013

2016

Shifted strategy towards 'value conscious offering'

2008

06-07

Started own TV channels in UK, US and Germany

20-21

2021

2023

Augmented sales network through Apps, Marketplaces, OTT, OTA and Social Media

UK: Started ‘TJC Beauty’ channel for beauty products

Re-entered Germany

Penetrated ~90% of addressable market in Germany

9

Business Overview

E-tailing in High Potential Markets (USD 20 bn)

US

UK

GERMANY & AUSTRIA

Opportunity size

$14- $15 bn

$2-$2.5 bn

~$3 bn

➢ Target customers: Baby Boomers (65+ years) & Gen X (45+ years)

➢ Value-buying proposition of $25-$45

➢ Widest product range comprising ~25,000 SKUs

* Statista, Marketresearch.com and industry estimates

11

Strategic Enablers

An Efficient Interplay of

1. Omni-Channel Presence

(Proprietary TV, Website, Apps, OTT, Marketplaces & Social Media)

3. Wider Product Bouquet

2. Vertically Integrated Supply Chain

4. In-House Brand And Innovation

12

1. A Global Retailer on TV and Digital Platforms

PROPRIETARY ‘TV CHANNELS’

‘DIGITAL’ PLATFORMS

Proprietary Digital Platform www.shoplc.com www.tjc.co.uk www.shoplc.de

Mobile Applications

Third Party Marketplaces

Social Retail

Google Marketplace

Reaching TV homes through Cable, Satellite and OTA broadcasts (Over The Air)

OTT Platforms

13

2. Vertically Integrated Supply Chain

Manufacturing in Asian countries

Serving

Selling in western countries

Primary Retail Markets

USA ($)

UK ( )

India & China

Germany (€)

Resulting in industry leading gross margin of 60%+

14

2. Complemented by a Robust Sourcing Base

(US)

(UK)

(Germany )

Sourcing Countries

▪ India ▪ China ▪ Thailand ▪ Indonesia ▪ Tanzania ▪ Russia ▪ Morocco ▪ Myanmar ▪ Madagascar ▪ Bolivia ▪ Kenya ▪ South Korea ▪ Vietnam ▪ Brazil ▪ Sri Lanka

▪ UK ▪ Mozambique ▪ Germany ▪ Italy ▪ Turkey ▪ Poland ▪ Singapore ▪ UAE ▪ Japan ▪ Bangladesh ▪ Philippines ▪ Czech

Republic

▪ Taiwan ▪ Australia ▪ US

15

Sourcing Countries

3. Constantly Reimagining Growth Through New Designs & Products

Fashion Jewellery & Gemstones

Some of the best-selling products

▪ ~14K-15K new jewellery designs launched annually

▪ In-house testing lab and manufacturing

Hanabi Cut Ring

Rhapsody Tanzanite Ring

Life-Style Products

▪ A rich product basket of ~5000 unique SKUs

▪ Facilitated by innovation & global sourcing base of 30 countries

Shungite Water Bottle

Soul Smart Watch

16

4. Strengthening Own Brand Portfolio

▪ Leveraging manufacturing & digital capabilities

USA

UK

Germany

▪ Number of brands: 31

▪ Current revenue mix: ~29% of B2C revenue

▪ Target revenue mix: ~50% by FY27 of B2C revenue

▪ Brand matrix (price laddering and offering)

▪ Increase repeats and retention using brand archetypes

▪ Focus on ‘IPR’ rights for brand loyalty

▪ Inorganic opportunities (example: Rachel Galley)

17

4. ‘Innovation’ Focused

31,600+ Ideas Generated

4,100+ Ideas Approved

1,810+ Products sold

13,400+ Ideas Proposed to Buyers

2,660+ Orders Placed

Global Search Program A Global product innovation and search program

Crowdsourcing of Ideas From employees, customers and external stakeholders

Other Programs

Revenue contribution of ‘new items introduced’ (TTM basis):

~70%

18

RESULTING IN

Top decile shareholders’ returns

Growing Consistently

Parameters (Rs. in crores)

Revenue

EBITDA

Profit Before Tax

Profit After Tax

Net Worth

FY 98

43.6

6.2

5.4

5.3

21.8

FY 23

2,690.9

227.3

141.4

105.1

1,201.3

CAGR (25 years)

Return (x times)

17.9%

15.5%

13.9%

12.7%

17.4%

62

37

26

20

55

~23.5% CAGR in market cap. since IPO (~243 times), excluding dividend

20

With Consistent Business Delivery

Global Households Reach (in million)

141

141

124

104

Repeat Purchases (no. of pieces)

27

27

23

23

FY21

FY22

FY23

Jun-23

FY21

FY22

FY23

Jun-23

Reach

Repeat Purchases

21

With Consistent Business Delivery

Retention (20+ Purchases)*

89.3%

88.9%

86.6%

86.4%

Spend per customer^ (in $)

705

685

708

654

FY21

FY22

FY23

Jun-23

FY21

FY22

FY23

Jun-23

Retention Rate

Spend per customer

* Retention data comprises Shop LC (US) and Shop TJC (UK) * Refers to retention rate of customers who have bought more than 20 times on TTM basis ^ June-23 numbers are calculated on TTM basis

22

Broad Based E-tailer

B2C Revenues by Format

B2C Revenues by Product Category

TV revenues

Digital revenues

37%

63%

FY23

38%

62%

Q1 FY24

Jewellery

Non-jewellery revenues

12%

88%

FY18

27%

73%

FY23

27%

73%

Q1 FY24

Jewellery: Fashion Jewellery, Gemstones and Accessories Non-Jewellery: Lifestyle products, Home Décor, Beauty & Hair Care, Apparels & Accessories

B2C Revenues by Geography

Budget Pay penetration of B2C Revenues

US

UK

Germany

Non-Budget Pay revenues

Budget Pay revenues

5% 27%

68%

6% 27%

67%

FY18

FY23

Q1 FY24

Revenue breakup based on figures in USD million

36%

64%

FY18

39%

61%

39%

61%

FY23

Q1 FY24

Budget Pay revenues refer to products sold on EMI basis

23

27%

73%

FY18

26%

74%

Q1 FY24 Operational & Financial Highlights

Being Resilient

▪ Growth amidst

➢ Inflationary environment

➢ Muted consumer sentiments

Revenue and EBITDA trend

10.5%

7.0%

8.1%

1.8%

10.0%

4.8%

8.0%

1.1%

▪ EBITDA improved substantially owing to

Q1 FY23

Q2 FY23

Q3 FY23

Q4 FY23

Q1 FY24

➢ Efficient price management

➢ Cost rebase

-3.6%

-7.9%

YoY Revenue Growth

EBITDA %

25

An update on Germany

Germany venture increase in TAM (immediate addressable market) by ~20%

▪ Now clocking monthly revenue of Euro 1.5mn+ at 60%+ gross margins

▪ Omni-channel presence (digital is now 29%)

▪ Presence in 40 million households

▪ Dispatching 3.5k+ pieces/day

▪ Positive Customer Orientation: CSAT 96%+

Revenue and Customer Trend

No. of HH (in millions)

) n m o r u E n i ( e u n e v e R

5.0

4.0

3.0

2.0

1.0

-

21

2.3

31

2.6

72

4.5

63

4.1

40

3.8

52

4.3

Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24

80

70

60

50

40

30

20

10

-

) 0 0 0

'

n i (

s r e m o t s u c

f o

.

o N

45

40

35

30

25

20

15

10

5

-

40

40

25

27

27

27

Net Revenue (Euro in mn)

Cumulative No. of customers (in '000)

Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24

26

Germany: Strategic Partnership with Vodafone

▪ Vodafone have one of the largest

cable TV network in Germany

▪ Added 13 million households

▪ PAN-Germany presence within 2 years

of entering market

▪ To aid market leading growth

Partnership with Vodafone leading to

Presence Households in Germany

in

60%

present

Now Households

in

~90%

27mn households (incl. 2 mn in Austria)

~40mn households (incl. 2mn in Austria)

Positioned alongside market leaders in terms of household penetration

27

Widening Digital Presence OTT: Huge Growth opportunity

In US, OTT’s are projected to be the fastest growing video distribution medium

US internet connected device installed base, 2016 to 2026

Live & Interactive Apps

Shop LC (US) OTT Revenue (USD '000)

$2,500

$2,000

$1,500

$1,000

$500

$0

Q1 2020-21

Q2 2021-22

Q3 2022-23

Q4 2023-24

By 2026, there would be 1.1 bn connected devices in US, implying 3 devices per person- ‘A HUGE OPPORTUNITY FOR OTT ’

28

Capitalizing Cord Shifting through OTA

Our target demographics prefer watching traditional Pay-TV

% of population having TV (age group wise)

OTA: Encouraging Trends

Total OTA HH in US: 22mn

86%

81%

80%

66%

22.2

13.5

73%

65%

46%

34%

18-29

30-49

50-64

65+

2015

2021

0.9

US OTA Households

Shop LC's OTA Households

2013

2022

17.1

Low Power: ~17mn HH High Power: ~5mn HH

Shop LC’s Presence 17mn

Revenue Mix: ~20%-25% of TV revenue

Source: PEW Research and Industry Estimates

HH: Households

29

Financial Highlights – Q1 FY24 Performance

Fashion Jewellery, Lifestyle Products & Accessories (Rs. Cr)

Total Revenue

5 years CAGR 11%

 4.8% 658

628

386

TV Revenue

5 years CAGR 10%

1.5%

392

Digital Revenue

5 years CAGR 20%

7.7% 237

220

B2B Revenue

5 years CAGR  9%

32.7%

29

22

Q1 FY23

Q1 FY24

Q1 FY23

Q1 FY24

Q1 FY23

Q1 FY24

Q1FY23

Q1 FY24

Note: B2B has been non-core and opportunistic business segment

30

30

Financial Highlights – Q1 FY24

Revenue – (Local Currency)

Shop LC (US)

5 years CAGR 8%

(USD million)

53.9

4.9%

51.3

Shop TJC (UK)

5 years CAGR 8%

(GBP million)

17.5

6.9%

16.3

Q1 FY23

Q1 FY24

Q1 FY23

Q1 FY24

31 31

31

Consistently Gaining Market Share

Market Share in US (%)

Market Share in UK (%)

100.0%

90.0%

80.0%

70.0%

60.0%

50.0%

40.0%

30.0%

20.0%

10.0%

92.6%

92.3%

92.0%

92.6%

92.6%

92.1%

92.5%

6.1%

6.2%

6.1%

80.0%

8.0%

70.0%

7.0%

60.0%

6.0%

5.2%

4.8%

5.1%

50.0%

5.0%

19.6%

4.7%

40.0%

4.0%

66.9%

67.0%

67.2%

67.2%

64.8%

65.6%

19.7%

18.6%

17.2%

18.0%

2.2%

1.9%

1.3%

1.5%

2.5%

2.8%

2.8%

30.0%

3.0%

20.0%

2.0%

10.0%

1.0%

0.0%

0.0%

4.8%

8.7%

5.6%

7.7%

8.1%

9.1%

6.8%

7.4%

7.5%

8.1%

8.1%

FY17

FY18

FY19

FY20

FY21

FY22

FY23

FY17

FY18

FY19

FY20

FY21

FY22

Peer 1

Peer 2

Shop LC (US)

Peer 1

Peer 3

Shop TJC (UK)

Peer 2

16.3%

10.1%

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

32 32

32

Retail Performance Trends – Q1 FY24

TV Sales

Sales Volume ('000s)

1,340

1,137

Average Selling Price US$

37.4

41.9

Q1 FY23

Q1 FY24

Q1 FY23

Q1 FY24

Digital Sales

Sales Volume ('000s)

1,169

931

Average Selling Price US$ 31.0

24.5

Q1 FY23

Q1 FY24

Q1 FY23

Q1 FY24

33

33

Financials – Q1 FY24 Performance

Gross Profit (Rs. Cr) and Margin (%)

EBITDA (Rs. Cr) and Margin( %)

Gross Margin (%)

62.0%

390

61.2%

 3.4% 403

EBITDA Margin (%)

7.0%

44

10.0%

 49.1% 65

Q1 FY23

Q1 FY24

Q1 FY23

Q1 FY24

*PAT (Rs. Cr) and PAT Margin %

EPS (Rs.) – Post Split

PAT Margin (%)

3.1%

20

4.7%

 50.6% 30

1.8

1.2

Q1 FY23

Q1 FY24

Q1 FY23

Q1 FY24

34

34

EBITDA Margin Walk

% To

Revenue Remarks

7.0%

 (0.8%) Product mix

 (0.3%)

Impact pertains to currency conversion

 2.2% Cost renegotiation and volume

Particulars

EBITDA Q1 FY23

Gross Margin

Germany

Logistics cost

Investment in digital & broadcasting

 (0.7%) Conscious investments for future capabilities

Others

EBITDA Q1 FY24

 2.6% Cost efficiencies: IT contracts, marketing spends, etc.

10.0%

35

35

Financial Performance Trends

Financial Performance Trends

Revenue Breakdown – (Rs. crore)

5 Year CAGR: 11.4%

2,540

2,752

2,691

1,571

1,814

1,986

628

658

FY18

FY19

FY20

FY21

FY22

FY23

Q1 FY23

Q1 FY24

Fashion Jewelry, Accessories & Lifestyle Products (Rs. Crore)

5 Year CAGR: 10.4%

5 Year CAGR: 21.2%

TV Revenue 1,606 1,699 1,633

997 1,157 1,285

Digital Revenue

986

977

909

633

510

373

386

392

220

237

B2B Revenue

201

147

69

67

81

25

22

29

FY18

FY19

FY20

FY21

FY22

FY23

Q1 FY23

Q1 FY24

FY18 FY19 FY20 FY21 FY22 FY23 Q1 FY23

Q1 FY24

FY18 FY19 FY20 FY21 FY22 FY23 Q1 FY23

Q1 FY24

37

37

Retail Performance Trends

TV Sales

Sales Volume ('000s)

5737

6,275

6,070

7,837

6,998

5,331

Average Selling Price US$

27.0

26.5

29.9

27.7

32.6

38.0

37.4

41.9

1,340

1,137

FY18

FY19

FY20

FY21

FY22

FY23 Q1 FY23 Q1 FY24

FY18

FY19

FY20

FY21

FY22

FY23 Q1 FY23 Q1 FY24

Digital Sales

Sales Volume ('000s)

5,409

5,477

4,113

3,522

2,840

4,428

1,169

931

Average Selling Price US$

20.4

20.7

21.7

22.7

24.2

27.4

24.5

31.0

FY18

FY19

FY20

FY21

FY22

FY23 Q1 FY23 Q1 FY24

FY18

FY19

FY20

FY21

FY22

FY23 Q1 FY23 Q1 FY24

38

38

Financials – Annual Financial Performance

Shareholders’ Equity (Rs. Cr)

Fixed assets including intangibles (Rs. Cr)

1,127

1,203

1,237

964

494

511

497

697

751

550

120

117

163

192

FY18

FY19

FY20

FY21

FY22

FY23

Q1 FY24

FY18

FY19

FY20

FY21

FY22

FY23

Q1 FY24

Net Debt (Rs. Cr)

Net Assets* (Rs. Cr)

FY18

FY19

FY20

FY21

FY22

FY23

Q1 FY24

(13)

(181)

(194)

(93)

(167)

(138)

417

399

394

395

540

525

603

Note: * Net Assets is balancing figure arrived at by excluding shareholders equity, net debt, and fixed assets including intangibles

(377)

FY18

FY19

FY20

FY21

FY22

FY23

Q1 FY24

39

39

Financials Performance Trends & Ratios

Operating Cash flow (Rs. Cr)

324

203

211

38

126

86

0.3

Free Cash Flow (Rs. Cr)

268

181

176

162 *

20

(214)

FY18

FY19

FY20

FY21

FY22

FY23 Q1 FY24

FY18

FY19

FY20

FY21

FY22

FY23 Q1 FY24

(10)

ROE (TTM)

32%

25%

26%

23%

23%

9.1%

9.5%

ROCE (TTM)

61%

46%

37%

27%

31%

14.4% 15.5%

FY18

FY19

FY20

FY21

FY22

FY23 Q1 FY24

FY18

FY19

FY20

FY21

FY22

FY23 Q1 FY24

* After adjusting for term deposits worth Rs. 72 crore with maturity of more than 3 months Note: Cash flows in Q1 FY24 reflects impact of planned increase in inventory for upcoming season

40

40

Annexures

Growth In Digital Commerce Markets

Digital Industry facing temporary headwinds in the US and the UK

UK

▪ Cost of living crisis

▪ Muted consumer sentiments

19.1%

▪ Resultant industry wide decline

in online sales mix

US

▪ Gradual improvement in US

retail market

UK 30.9%

27.8%

26.5%

25.7%

11%

US

14% 14.6% 14.5% 15.10%

E-com as % of Retail Sales

E-com as % of Retail Sales

Source: United States Census Bureau www.census.gov. And Office for National Statistics www.ons.gov.uk

42

42

Robust Corporate Governance

Q1 FY24

~Rs. 25 crores

Interim Dividend

Awards & Accolades

India Risk Management Award from ICICI Lombard & CNBC-TV18

LEED’s PLATINUM & GOLD Certification

Dividend Payout Policy

‘Net Zero Energy Building’ certified

▪ 20-30% of consolidated free cash flows ▪ Balance

resource

between shareholder reward

conservation

and

B S R & Co. LLP Statutory Auditors

Credit Rating Long-term ICRA A (Stable Outlook)

DELOITTE Internal Auditors

CARE A (Stable)

Credit Rating Short-term ICRA A1

CARE A1

ICSI National Award for Excellence in Corporate Governance

India, US, UK & China GPTW® Certified

43

43

Strong & Experienced Management

Mr. Sunil Agrawal Managing Director, VGL Group

Mr. Nitin Panwad Group CFO, VGL Group

Mr. Vineet Ganeriwala President, Shop LC (US)

Mr. Srikant Jha Managing Director, Shop TJC (UK)

Mr. Deepak Mishra Managing Director, Shop LC (Germany)

Mr. Ankur Sogani Vice President, Commercial, Shop LC (US)

Mr. Deepak Sharma Vice President, Operations, Shop LC (US)

Mr. Raj Singh Vice President, Supply Chain, VGL Group

Mr. Pushpendra Singh Vice President, Human Resources, VGL Group

Mr. Mohammed Farooq Group Chief Technology officer

Mr. Ashish Dawra Vice President, Global IT

44

Sustainability Initiatives

ENERGY

Solar 3.23 mw

requirement

Solar power capacity meets 100% power at manufacturing units in Jaipur Generated 12.4 Mn KWH units since inception

EV

184 two-wheelers & 3 four- wheelers employees’ for commute. Replaced 12 buses till date

BIODIVERSITY

~28,000

Saplings planted for developing 2 Miyawaki forests

~7,000

Additional saplings planted till date in office premises, RIICO Garden and Government Schools

WATER 6100 KL Rainwater harvested

per annum

500 KL

Rainwater Storage Tank commissioned

100%

WASTE Conversion degradable (vegetables, leaves) into manure

of

bio- waste food,

2,200 Kg E-waste recycled till date

~1,750 Kg

Plastic waste recycled till date

To Become Carbon Neutral in Scope 1 and 2 GHG emissions by 2031

45

Growth With Responsibility

▪ Till date Served 78 million meals

to

underprivileged children through flagship One for

One Program, ’Your Purchase Feeds…’

▪ Local charity partners

✓Akshaya Patra in India

✓No Kid Hungry and Backpack Friends in US

✓Magic Breakfast & Felix Project in UK

▪ Serving ~48k meals every school day

▪ To serve 1 million meals per day by FY31

46 46

Shareholding Pattern: As on 30th June 2023

Key Shareholders

Holding as on 30th-June-23

Nalanda India Fund Limited

10.17%

Motilal Oswal Flexi Cap Fund

Malabar India Fund Limited

Vanguard

Taiyo Greater India Fund

Vijay Kedia

Ashish Kacholia

Government Pension Fund Global

5.49%

5.39%

1.58%

1.77%

1.95%

1.21%

0.32%

Shareholding Pattern

Others

11.50%

Individual - >1%

3.16%

AIF

0.72%

Domestic Institutions (MF)

5.52%

Foreign Institutions (FPI, FII) & NRI

21.89%

Promoter & Promoter Group

57.21%

47

47

Thank You

Company :

Investor Relations Advisors :

Vaibhav Global Limited

Adfactorspr Pvt. Ltd.

Nitin Panwad, Group CFO nitin.panwad@vglgroup.com

Amit Sharma amit.sharma@adfactorspr.com

Prashant Saraswat Head-Investor Relations prashant.saraswat@vglgroup.com

www.vaibhavglobal.com

Disha Shah disha.shah@adfactorspr.com

www.adfactorspr.com