V2RETAILNSE4 February 2021

V2 Retail Limited has informed the Exchange about Investor Presentation

V2 Retail Limited

February 04, 2021

BSE Limited

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

National Stock Exchange Of India Lim ted Listing Department

Exchange Plaza, Bandra Kurla Complex, Bandra least), M umbai -- 400 051

Scrip Code - 532867

Scrip Code -- V2RETAIL

Dear Sir/Mada m

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith Investor Presentation for Q3FY2020-21. ' ----'

'''

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.,.<':';'>,. \

.sill:4W£!:.. .. G.'.T:'-\ E:il 3,} \.' '' ! \J } Sudhir Klbtn4a{... ,...,./ ./ Company Se(!letarygi,Compliance Officer

End.: As above

Khasra No. 919,921 ,926,928, Extended Lal Dora AbadiVillage Kapashera Teshil Vasant 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 : L74999DL2001 PLC147724

Q3 FY21 Result Update February 2021

Safe Harbor

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 FY21 Highlights

Performance Highlights Q3 & 9M FY21 - Standalone

Gross Profit ₹ 786 Mn in Q3 FY21 as compared to ₹ 656 Mn in Q3 FY20. Gross Profit for 9M FY21 stood at ₹ 1,166 Mn

Revenue

₹ 2,274 Mn in Q3 FY21 as compared to ₹ 2,190 Mn in Q3 FY20. Revenue for 9M FY21 stood at ₹ 3,493 Mn

EBIDTA

₹ 419 Mn in Q3 FY21 as compared to ₹ 351 Mn in Q3 FY20. EBIDTA for 9M FY21 stood at ₹ 587 Mn

PBT

₹ 191 Mn in Q3 FY21 as compared to ₹ 154 Mn in Q3 FY20. PBT for 9M FY21 stood at ₹ (24) Mn

₹

PAT

₹ 138 Mn in Q3 FY21 as compared to ₹ 208 Mn (including exceptional gain of ₹125 mn) in Q3 FY20. PAT for 9M FY21 stood at ₹ (24) Mn

Highlights Q3 FY21

Store Count & Retail Area 88 Stores at end of Q3 FY21 (Opened 13, Closed 1) Total Retail area ~9.25 lakh sq.ft.

SSG

Same Store Sales Growth (6)% in Q3 FY21

ASP

Average Selling price in Q3 FY21 was ₹309 (Q3 FY20 ₹296)

ABV Average Bill value in Q3 FY21 was ₹ 851 (Q3 FY20 ₹ 794)

PSF Sales per square feet per month in Q3 FY21 was ₹ 859 (Q3 FY20 ₹ 864)

Highlights 9M FY21

Store Count & Retail Area 88 Stores at end of 9M FY21 (Opened 19, Closed 7) Total Retail area ~9.25 lakh sq.ft.

SSG

Same Store Sales Growth (44)% in 9M FY21

ASP

Average Selling price in 9M FY21 stood at ₹280

ABV Average Bill value was ₹ 809 in 9M FY21

PSF Sales per square feet per month at ₹ 451

Key Trends

We have witnessed strong rebound in consumer demand during Q3 FY21. Despite certain restriction owing to pandemic, our revenue recovered fully and also able to grow by 4% as compared to Q3 FY20

We believe the momentum should continue and is expected to gain further traction in the upcoming festive & wedding season starting from end March.

Strong brand recall and consumer experience will be the key differentiator. Further, our online platform has also been able to garner good response.

Continuing our philosophy of deleveraged growth, we have expanded our store network from 76 stores as at March 31, 2020 to 88 stores as at December 31, 2020

Standalone Financial Highlights

Revenue (₹ Million)

Gross Profit (₹ Million) and Gross Profit Margins

EBIDTA (₹ Million) and EBIDTA Margins

Profit After Tax (₹ Million)

* Including exceptional gain of ₹ 125 mn (pre tax)

2,274 2,190 3,493 5,721 7,012 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000Q3 FY21Q3 FY219M FY219M FY20FY20207866561,1661,6641,96005001,0001,5002,0002,500Q3 FY21Q3 FY219M FY219M FY20FY202029%33%30%35%28%419 351587746783 0100200300400500600700800900Q3 FY21Q3 FY219M FY219M FY20FY202018.4%16.8%13.0%16.0%11.2%138 208 (24)218 101 (50)050100150200250Q3 FY21Q3 FY20*9M FY219M FY20FY 20206.0%3.8%(0.7)%9.4%1.4%Standalone Profit & Loss

^ Not Annualised

Particulars (₹ million)Q3 FY21Q3 FY20Y-O-YQ2 FY219M FY219M FY20Y-O-Y.FY2020Revenue from Operations2,2742,1904%850 3,493 5,721 -39%7,012 Other Income11 13 53 138 17 23 Total Income2,2852,204903 3,631 5,737 7,035 Gross Profit78665620%270 1,166 1,664 -30%1,960 GP Margin (%)34.6%29.9%31.8%33.4%29.1%27.9%EBIDTA41935120%95587746-21%783EBIDTA Margin (%)18.4%16.0%11.2%16.8%13.0%11.2%Depreciation149 123 126 396 384 505 Finance Cost80 74 66 214 229 299 PBT Before Exceptional Item191154(97) (24) 134 (21) PBT Margin (%)8.3%7.0%-10.7%-0.7%2.3%-0.3%Exceptional Item (Gain) / Loss- (125) - - (125) (125) PBT191279(97) (24) 259105PBT Margin (%)8.3%12.7%-10.7%-0.7%4.5%1.5%PAT138 208 (73) (24) 218 101 PAT Margin (%)6.0%9.4%-8.1%-0.7%3.8%1.4%Total Comprehensive Income138 205 (73) (25) 213 96 EPS Basic (₹ per share)^4.05 6.09 (2.15) (0.71) 6.39 2.97 EPS Diluted (₹ per share)^4.04 6.09 (2.14) (0.71) 6.38 2.97 Consolidated Profit & Loss

^ Not Annualised

Particulars (₹ million)Q3 FY21Q2 FY219MFY219MFY20FY2020Revenue from Operations 2,274 850 3,493 5,721 7,012 Other Income13551461725 Total Income 2,286 905 3,639 5,738 7,037 Gross Profit813 277 1,203 1,664 1,960 GP Margin (%)35.8%32.6%34.4%29.1%27.9%EBIDTA436 97 606 737 774EBIDTA Margin (%)19.2%11.4%17.4%12.9%11.0%Depreciation153130409385510 Finance Cost8269223230303 PBT Before Exceptional Item200(103) (25) 122(39) PBT Margin (%)8.7%-11.4%-0.7%2.1%-0.6%Exceptional Item (Gain) / Loss(125) (125) PBT200(103) (25) 24787PBT Margin (%)8.7%-11.4%-0.7%4.3%1.2%PAT 149 (82) (26) 209 88 PAT Margin (%)6.5%-9.0%-0.7%3.6%1.2%Total Comprehensive Income149 (82) (26) 204 83 EPS Basic (₹ per share)^4.36 (2.39) (0.76) 6.12 2.57 EPS Diluted (₹ per share)^4.36 (2.39) (0.75) 6.12 2.57 Pre Ind AS 116 P&L

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 FY21Q3 FY20Y-O-YQ2 FY219M FY219M FY20Y-O-Y.Revenue from Operations2,2742,1904%850 3,493 5,721 -39%Total Income2,2742,192851 3,499 5,722 Gross Profit78665620%270 1,166 1,664 -30% GP Margin (%)34.6%29.9%31.8%33.4%29.1%EBIDTA29121933%(47) 184 370 -50%EBIDTA Margin (%)12.8%10.0%-5.6%5.3%6.5%Other Income0 1 1 5 2 Depreciation49 42 47 139 127 Finance Cost1 4 0 2 16 PBT Before Exceptional Item24217538%(94) 49229-79%PBT Margin (%)10.6%8.0%-11.0%1.4%4.0%Balance Sheet - Standalone

Particulars (₹ in Mn)H1 FY21FY2020Particulars (₹ in Mn)H1 FY21FY2020ASSETSEQUITY AND LIABILITIESNon-current assetsEquityProperty, plant and equipment819 889 Equity share capital341 341 Capital Work in Progress3 - Other equity 2,313 2,464 Right to use Assets2,136 2,394 Total - Equity2,654 2,805 Other intangible assets9 12 Intangible assets under development41 41 LIABILITIESFinancial assetsNon-current liabilitiesLoans58 59 Borrowings4 8 Other financial assets2 123 Lease Liability2,411 2,658 Investment in Subsidiary150 150 Financial liabilities1 1 Deferred tax assets (net)264 212 Provisions26 24 Income tax assets (net)21 19 Other non-current liabilities- - Other non-current assets181 173 Total Non-Current Liabilities2,443 2,691 Total - Non-Current Assets3,685 4,073 Current assetsCurrent liabilitiesInventories1,900 1,962 Borrowings70 226 Financial assetsLease Liability224 213 Cash and cash equivalents32 605 Trade payables636 1,094 Bank balances other than cash & cash equivalents7 70 Other financial liabilities 19 12 Other financial assets6 3 Provisions20 19 Trade Receivables147 130 Other current liabilities9 12 Other current assets294 230 Total - Current liabilities977 1,576 Total - Current Assets2,384 2,999 Liabilities directly associated with assets classified as held for sale- Assets classified as held for sale5 - TOTAL - ASSETS6,074 7,072 TOTAL - EQUITY AND LIABILITIES6,074 7,072 Balance Sheet - Consolidated

Particulars (₹ in Mn)H1 FY21FY2020Particulars (₹ in Mn)H1 FY21FY2020ASSETSEQUITY AND LIABILITIESNon-current assetsEquityProperty, plant and equipment887 922 Equity share capital341 341 Capital Work in Progress8 - Other equity 2,288 2,451 Right to use Assets2,189 2,453 Total - Equity2,629 2,792 Other intangible assets9 12 Intangible assets under development41 41 LIABILITIESFinancial assetsNon-current liabilitiesLoans60 60 Borrowings42 49 Other financial assets110 228 Lease Liability2,455 2,708 Financial liabilities1 1 Deferred tax assets (net)267 216 Provisions26 24 Income tax assets (net)21 20 Other non-current liabilities- - Other non-current assets181 173 Total Non-Current Liabilities2,524 2,782 Total - Non-Current Assets3,773 4,127 Current assetsCurrent liabilitiesInventories2,072 2,152 Borrowings114 276 Financial assetsLease Liability234 223 Cash and cash equivalents33 605 Trade payables674 1,088 Bank balances other than cash & cash equivalents7 70 Other financial liabilities 19 13 Other financial assets6 3 Provisions21 19 Trade Receivables16 0 Other current liabilities9 12 Other current assets317 249 Total - Current liabilities1,071 1,631 Total - Current Assets2,451 3,079 - TOTAL - ASSETS6,224 7,205 TOTAL - EQUITY AND LIABILITIES6,224 7,205 Store Presence Jammu & Kashmir (1) Kathua

Himachal (1)

Solan

NCR (4)

Mahipalpur; Faridabad; Kapasehra 1; Kapssehra 2

Rajasthan (1)

Kota

Madhya Pradesh (3)

Jabalpur; Sagar; Rewa

Goa (2)

Panaji; Bicholim

Karnataka (5)

Hubli; Belgaum, Udupi, Vijaynagar, Gulbarga

Arunachal (1)

Itanagar

Assam (6) & Tripura (1) Guwahati 1; Guwahati 2; Guwahati 3; Silchar; Barpeta; Jorhat; Agartala

Bihar (21)

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

Jharkhand (7)

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

Uttarakhand (5) Haldwani 1; Roorkee; Haridwar, Khatima; Haldwani 2

Uttar Pradesh (17)

Gorakhpur 1; Gorakhpur 2; Sitapur; Varanasi 1; Padrauna; Gazipur; Pratapgarh; Lucknow; Behraich; Akbarpur, Varanasi 2; Azamgarh; Ballia ; Varanasi 3; Gorakhpur 3; Basti; Raebareli

Odisha (13)

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

1414

Our Brands

JEYPORE, ORISSA

Banka, Bihar

Promotions – Campaigns Q3 FY21

Board of Directors

Mr. Ram Chandra Agarwal

Mrs. Uma Agarwal

Mr. Akash Agarwal

Ms. Rochelle Susanna Dsouza

Chairman and Managing Director

Whole Time Director

Whole Time Director & CFO

Nominee Director

• Mrs.

holds Agarwal bachelor’s degree in Arts.

• Has a vast experience of ~ 15 years in the retail industry.

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

• Has been a member of the since

of Directors

Board inception.

• He has more than 7 years of Retail in

the

experience Industry.

•

She oversees the marketing strategies of the Company.

• He looks after E-Commerce, Procurement and Financial.

• Ms. Rochelle Susanna Dsouza holds BE in Electronics & Communication and an MBA. She is also a CFA Level III Candidates

•

Is a Principal at Lighthouse , a mid-market focused private equity fund.

consumer

SBI

• Prior to Lighthouse, she worked Markets, Capital at Investment Banking Division, where she focused on equity capital market transactions.

• Mr. Agarwal holds a bachelor’s

degree in Commerce.

• Has a vast experience of ~ 25 years of entrepreneurial and business

• He has been a member of the Board

of Directors since inception.

• He provides strategic direction to the Company and is the driving force and the behind growth of the Company.

establishment

• 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.

Board of Directors

Mr. Harbir Singh Sidhu Independent Director

Dr. Arun Kumar Roopanwal Independent Director

Mr. Lalit Kumar Independent Director

Mrs. Archana S Yadav 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 Graduate (BA HONS) from Cambridge University having vast experience of 44 years.

▪ Mr Sidhu has taught Economics at Punjab University and JNU & worked as consultant with Planning commission.

▪ He has vast experience in retail industry, he has worked with: Ebony Retail Holding as Operations Manager, Vishal Mega Mart as Operations Manager, Koutons Retail as Executive Vice President, Credo Brands Marketing Private Limited (Mufti) as CEO

▪ He has over 30 Years of experience in India and Dubai. As an Entrepreneurial Profits & Growth strategist, he has worked with multiple sectors like Finance, Retail, Education & Skill Development, Infrastructure etc..

▪ Mr. Lalit has extensive experience in Retail Industry. He was associated with various retail chains both in India and Dubai. He has also been a visiting faculty to NIFT, New Delhi.

▪ 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.

Key Financial Indicators

Financial Highlights – Standalone Profit & Loss Account

₹ in Million

CAGR

22%

20%

25%

* FY 2016 as per IGAAP

2424

Particulars FY2016FY2017FY2018FY2019FY2020Revenue from Operations3,199 4,720 5,594 7,484 7,012 Total Income3,225 4,736 5,627 7,583 7,035 Growth (%)11%47%19%35%-7%Gross Profit956 1,388 1,804 2,421 1,960 GP Margin (%)30%29%32%32%28%EBIDTA314 415 517 469 760 EBIDTA Margin (%)10%9%9%6%11%Other Income25 16 33 99 23 Depreciation44 61 84 144 505 Finance Cost132 86 6 7 299 PBT Before Exceptional Item163 283 460 417 (21) PBT Margin (%)5%6%8%5%0%Exceptional Item (Gain) / Loss233 266 -125 Profit for the period122 390 311 205 101 PAT Margin (%)4%8%6%3%1%Total Comprehensive Income122 390 310 204 96 Financial Highlights – Standalone Balance Sheet

Particulars (₹ in Mn)FY2020FY2019Particulars (₹ in Mn)FY2020FY2019ASSETSEQUITY AND LIABILITIESNon-current assetsEquityProperty, plant and equipment889 977 Equity share capital341 341 Right to use Assets2,394 - Other equity 2,464 2,613 Other intangible assets12 21 Total - Equity2,805 2,954 Intangible assets under development41 41 Financial assetsLIABILITIESLoans59 48 Non-current liabilitiesOther financial assets123 16 Borrowings8 10 Investment in Subsidiary150 - Lease Liability2,658 - Deferred tax assets (net)212 110 Financial liabilities1 1 Income tax assets (net)19 17 Provisions24 17 Other non-current assets173 219 Other non-current liabilities- 45 Total - Non-Current Assets4,073 1,448 Total Non-Current Liabilities2,691 72 Current assetsInventories1,962 2,711 Current liabilitiesFinancial assetsBorrowings226 93 Cash and cash equivalents605 83 Lease Liability213 - Bank balances other than cash & cash equivalents70 - Trade payables1,094 1,394 Other financial assets3 10 Other financial liabilities 12 19 Trade Receivables130 - Provisions19 10 Other current assets230 266 Other current liabilities12 20 Total - Current Assets2,999 3,070 Total - Current liabilities1,576 1,536 Assets classified as held for sale- 124 Liabilities directly associated with assets classified as held for sale81 TOTAL - ASSETS7,072 4,643 TOTAL - EQUITY AND LIABILITIES7,072 4,643 Robust Financial Performance

Revenue (₹ Million)

EBIDTA (₹ Million) and EBIDTA Margins

PBT (₹ Million)

PAT (₹ Million)

Key Operating Metrics

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

For further information please contact:

Investor Relation Advisors:

Company:

Dr. Rahul Porwal Marathon Capital Advisory Private Limited Tel : +91-22-40030610 Email : rahul@marathoncapital.in

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

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V2 Retail Limited has informed the Exchange about Investor Presentation

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