Renaissance Global Limited

Sumit Shah

Chairman and Global CEO,

33%

PRESS RELEASE Renaissance Global announces Q3 & 9M FY25 Results Q3 FY25 Adj. EBITDA up by 33% YoY Adj. PAT up by 28% YoY Cash and Investments up by 151 crore QoQ Net Debt down by 140 cror

28%

ssance Global announces Q3 & 9M FY25 Results Q3 FY25 Adj. EBITDA up by 33% YoY Adj. PAT up by 28% YoY Cash and Investments up by 151 crore QoQ Net Debt down by 140 crore QoQ Mumbai, February

151 crore

Results Q3 FY25 Adj. EBITDA up by 33% YoY Adj. PAT up by 28% YoY Cash and Investments up by 151 crore QoQ Net Debt down by 140 crore QoQ Mumbai, February 13, 2025: Renaissance Global Limited, a bra

140 crore

p by 33% YoY Adj. PAT up by 28% YoY Cash and Investments up by 151 crore QoQ Net Debt down by 140 crore QoQ Mumbai, February 13, 2025: Renaissance Global Limited, a branded and differentiated jewellery

Rs. 710.1 crore

Y25 performance overview compared with Q3 FY24  Total Income from continuing operations stood at Rs. 710.1 crore vs Rs. 600.1 crore o Customer Brands business revenues grew by 34.2% to Rs. 480.3 crore o Our B

Rs. 600.1 crore

rview compared with Q3 FY24  Total Income from continuing operations stood at Rs. 710.1 crore vs Rs. 600.1 crore o Customer Brands business revenues grew by 34.2% to Rs. 480.3 crore o Our Brands (Direct-to-Co

34.2%

perations stood at Rs. 710.1 crore vs Rs. 600.1 crore o Customer Brands business revenues grew by 34.2% to Rs. 480.3 crore o Our Brands (Direct-to-Consumer) business revenues up 4.7% to Rs. 66.3 crore

Rs. 480.3 crore

stood at Rs. 710.1 crore vs Rs. 600.1 crore o Customer Brands business revenues grew by 34.2% to Rs. 480.3 crore o Our Brands (Direct-to-Consumer) business revenues up 4.7% to Rs. 66.3 crore  Adjusted EBITDA

4.7%

revenues grew by 34.2% to Rs. 480.3 crore o Our Brands (Direct-to-Consumer) business revenues up 4.7% to Rs. 66.3 crore  Adjusted EBITDA from continuing operations stood at Rs. 67.7 crore as against

Rs. 66.3 crore

s grew by 34.2% to Rs. 480.3 crore o Our Brands (Direct-to-Consumer) business revenues up 4.7% to Rs. 66.3 crore  Adjusted EBITDA from continuing operations stood at Rs. 67.7 crore as against Rs. 51.0 crore,

Rs. 67.7 crore

business revenues up 4.7% to Rs. 66.3 crore  Adjusted EBITDA from continuing operations stood at Rs. 67.7 crore as against Rs. 51.0 crore, up by 32.8% o Adjusted EBITDA Margins stood at 9.5% as against 7.8%,

Rs. 51.0 crore

to Rs. 66.3 crore  Adjusted EBITDA from continuing operations stood at Rs. 67.7 crore as against Rs. 51.0 crore, up by 32.8% o Adjusted EBITDA Margins stood at 9.5% as against 7.8%, up by 176 bps  Adjusted

“"We are pleased to report a healthy performance during the quarter, with revenues and adjusted EBITDA growing over by 18.3% and 32.8%, respectively in Q3 FY25, from continuing operations.”

“Our efforts towards improving margins have led to our adjusted EBITDA margin reaching 9.5% in Q3 FY25.”

“By leveraging our extensive B2B distribution network and established retail relationships, we aim to support Jean Dousset's expansion and capitalize on the growing demand for ethically crafted fine jewellery.”

“In particular, such statements should not be regarded as a projection of future performance of Renaissance.”

“Results Presentation Q3 & 9M FY25 and many more… Disclaimer This presentation and the following discussion may contain “forward looking statements” by Renaissance Global Limited (“Renaissance” or the Company) that are not historical in nature.”

“Such statements should not be regarded as a projection of future performance of Renaissance.”

“Crore)** 18.3% 710.1 600.1 1,382.9 6.6% 1,473.8 EBITDA Margin 7.8% 9.5% 7.1% 10.0% 32.8% 51.0 67.7 147.2 111.2 32.3% Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 PAT (Rs.”

“Crore)** EPS (Rs.)** PAT Margin 4.2% 5.0% 3.3% 4.3% 66.8 28% 35.6 27.9 52.6 27% 26% 2.9 3.7 5.5 26% 6.9 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Note: *Adjusted for discontinued operations ** Adjusted for one time restructuring costs and discontinued operations 5 Management Message Commenting on the performance for Q3 FY25, Mr.”

“Sumit Shah – Chairman and Global CEO, Renaissance Global Limited said: We are pleased to report a healthy performance during the quarter, with revenues and adjusted EBITDA growing over by 18.3% and 32.8%, respectively in Q3 FY25, from continuing operations.”

“Our efforts towards improving margins have led to our adjusted EBITDA margin reaching 9.5% in Q3 FY25.”

Renaissance Global Limited said

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This program includes

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Renaissance Global Limited said

"We are pleased to report a healthy performance during the quarter, with revenues and adjusted EBITDA growing over by 18.3% and 32.8%, respectively in Q3 FY25, from continuing operations. Our efforts towards improving margins have led to our adjusted EBITDA margin reaching 9.5% in Q3 FY25. During the quarter, we launched WithClarity.in in partnership with With Clarity USA, bringing customizable lab-grown diamond jewellery to the Indian market. This strategic move taps into growing demand for sustainable fine jewellery, expanding our footprint while enhancing our premium offerings. The overwhelming response to With Clarity’s shop-in-shop experience at IRASVA gives us confidence in the potential of this segment, paving the way for future expansion and value creation. I am pleased to share that the test phase of the Enchanted Star collection, our lab-grown diamond jewellery collection, was highly successful, confirming strong consumer demand for our marquee jewellery pieces. Given the exc

DISCLAIMER

This press release and the following discussion may contain “forward looking statements” by Renaissance Global Limited (Renaissance or the Company) that are not historical in nature. These forward-looking statements, which may include statements relating to future results of operations, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the management of Renaissance about the business, industry and markets in which Renaissance operates. These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond Renaissance’s control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements. Such statements are not, and should not be construed, as a representation as to future performance or achievements of

This program includes

o Process Re-engineering to drive greater operational efficiency and streamline our workflows. o Capacity Rationalization to align resources precisely with demand, improving our cost structure. o Interest Expense Reduction as we anticipate a meaningful decline in interest costs, leveraging proceeds from the sale of our plain gold business and an expected favorable interest rate environment with announced rate cuts from the FED. • One-Time Restructuring Costs: These initiatives include a one-time restructuring expense in Q2 and Q3 FY25, laying the groundwork for sustainable, long-term savings and enhanced profitability. • Importantly, these savings exclude the impact of the acquisition, ensuring that the benefits derived are purely from internal cost- optimization efforts. 15 FY2025: Strategic Priorities Continued focus on enhancing contribution from D2C segment Integrate customization options across brands Expand omnichannel Presence Achieve historical margin range in the D2C business

Segment

Key Attributes Increased presence in high-potential key global markets 25% 21% Better pricing on the back of branded products Low capital-intensive business segment Higher margins & superior return ratios FY21 FY22 FY23 FY24 9M FY25 Endeavour to achieve ~50% revenue contribution in the studded segment from Branded Jewellery segment by FY27 *Branded jewellery revenue corresponds to D2C and Licensed Brands 18 Branded Jewellery Business Model Brands Design & Manufacturing Distribution Conceptualisation & Product Development Business-to- Business (B2B) (through retail and jewellery store partners) Click on the logo for the website link State-of-the-Art Manufacturing Facilities Direct-to- Consumer (D2C) (through our websites) 20 ‘Win-Win’ Partnership with Global Iconic Brands Renaissance Global Global Brands PUSH STRATEGY  Conceptualisation & design Licensing agreements  Manufacturing  Product marketing  Distribution  Long-term license contracts  Specific products license exclusivity