V2RETAILNSE28 June 2021

V2 Retail Limited has informed the Exchange about Investor Presentation

V2 Retail Limited

June 28, 2021

BSE Limited

Corporate Relationship Department ].st Floor, New Trading, Rotunda Building, P J Towers, Dalai Street, Fort, Mumbai - 400 001

National Stock Exchange Of India Limited Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (Eastl, Mumba i -- 400 05 1

Scrip Code - 532867

Scrip Code - V2RETAIL

Sub: Investor Presentation for Q4 FY 2020-21

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI IListing Obligations and Disclosure Requirementsl Regulations 2015, please find enclosed herewith Investor Presentation for Q4FY2020-21.

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 For V2 RetaillLimited

Sudhir Kumbi ' Company Secretar!.& 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 F.mail - nllctnmprnnrp/R)vrl nPt in rq/7Dx/rl npt in . \A/phqitp \x/\A/\A/ v2rptnil nnm . CIN - 1 74qqqn1 2nnlPI ('147724

Q4 FY21 Result Update

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

Q4 & FY21 Highlights

Performance Highlights Q4 & FY21 - Standalone

Gross Profit ₹ 418 Mn in Q4 FY21 as compared to ₹ 295 Mn in Q4 FY20. Gross Profit for FY21 stood at ₹ 1,583 Mn

Revenue

₹ 1,893 Mn in Q4 FY21 as compared to ₹ 1,292 Mn in Q4 FY20. Revenue for FY21 stood at ₹ 5,386 Mn

EBIDTA

₹ 123 Mn in Q4 FY21 as compared to ₹ 37 Mn in Q4 FY20. EBIDTA for FY21 stood at ₹ 709 Mn

PBT ₹ (107) Mn in Q4 FY21 as compared to ₹ (155) Mn in Q4 FY20. PBT for FY21 stood at ₹ (131) Mn

₹

PAT ₹ (86) Mn in Q4 FY21 as compared to ₹ (116) Mn in Q4 FY20. PAT for FY21 stood at ₹ (110) Mn

Highlights Q4 FY21

Store Count & Retail Area 95 Stores at end of Q4 FY21 (Opened 8, Closed 1) Total Retail area ~10 lakh sq.ft.

SSG

Same Store Sales Growth 25% in Q4 FY21

ASP

Average Selling price in Q4 FY21 was ₹234 (Q4 FY20 ₹276)

ABV Average Bill value in Q4 FY21 was ₹ 730 (Q4 FY20 ₹ 744)

PSF Sales per square feet per month in Q4 FY21 was ₹ 653 (Q4 FY20 ₹ 505)

Highlights FY21

Store Count & Retail Area 95 Stores at end of FY21 (Opened 27, Closed 8) Total Retail area ~10 lakh sq.ft.

SSG

Same Store Sales Growth (31)% in FY21

ASP

Average Selling price in FY21 stood at ₹262 (FY20 ₹279)

ABV Average Bill value was ₹ 779 in FY21 (FY20 ₹743)

PSF Sales per square feet per month in FY21 was ₹ 507 (FY20 ₹672)

Key Trends

We have witnessed consumer demand momentum continuing during Q4 FY21. Despite certain restriction owing to pandemic, our revenue recovered fully and also able to grow by 47% as compared to Q4 FY20

Due to lockdown and related restrictions, operations at majority of our stores are impacted in Q1 FY22. Further our targeted stores addition for Q1 FY 22 are also delayed.

SSG for Q4 FY21 stood at 25%. 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 95 stores as at March 31, 2021

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)

Profit & Loss - Standalone

^ Not Annualised

Particulars (₹ million)Q4 FY21Q4 FY20Y-O-YQ3 FY21FY2021FY2020Y-O-YRevenue from Operations1,8931,29247%2,2745,386 7,012 -23%Other Income8461122223Total Income1,9771,2982,2855,6087,035Gross Profit41829541%7861,583 1,960 -19% GP Margin (%)22.1%22.9%34.6%29.4%27.9%EBIDTA12337236%419709783-9%EBIDTA Margin (%)6.5%2.8%18.4%13.2%11.2%Depreciation142 121 - 149 538 505 - Finance Cost88 70 - 80 302 299 - PBT Before Exceptional Item(107)(155)191(131)(21)PBT Margin (%)-5.4%-11.9%8.3%-2.3%-0.3%Exceptional Item (Gain) / Loss- - - - (125)PBT(107)(155)191(131)105PBT Margin (%)-5.4%-11.9%8.3%-2.3%1.5%PAT(86) (116) 138 (110) 101 PAT Margin (%)-4.4%-8.9%6.0%-2.0%1.4%Total Comprehensive Income(86) (117) 138 (110) 96 EPS Basic (₹ per share)^(2.53) (3.40) 4.05 (3.24) 2.97 EPS Diluted (₹ per share)^(2.52) (3.40) 4.04 (3.24) 2.97 Balance Sheet - Standalone

Particulars (₹ in Mn)FY2021FY2020Particulars (₹ in Mn)FY2021FY2020ASSETSEQUITY AND LIABILITIESNon-current assetsEquityProperty, plant and equipment971 889 Equity share capital341 341 Capital Work in Progress- - Other equity 2,378 2,464 Right to use Assets2,849 2,394 Total - Equity2,719 2,805 Other intangible assets5 12 Intangible assets under development46 41 LIABILITIESFinancial assetsNon-current liabilitiesLoans65 59 Borrowings1 8 Other financial assets3 123 Lease Liability3,056 2,658 Investment in Subsidiary150 150 Financial liabilities1 1 Deferred tax assets (net)233 212 Provisions27 24 Income tax assets (net)21 19 Other non-current liabilities- - Other non-current assets174 173 Total Non-Current Liabilities3,085 2,691 Total - Non-Current Assets4,517 4,073 Current assetsCurrent liabilitiesInventories2,654 1,962 Borrowings497 226 Financial assetsLease Liability320 213 Cash and cash equivalents152 605 Trade payables1,173 1,040 Bank balances other than cash & cash equivalents7 70 Other financial liabilities 100 66 Other financial assets7 3 Provisions22 19 Trade Receivables143 130 Other current liabilities14 12 Other current assets452 230 Total - Current liabilities2,127 1,576 Total - Current Assets3,414 2,999 Liabilities directly associated with assets classified as held for sale- Assets classified as held for sale- TOTAL - ASSETS7,931 7,072 TOTAL - EQUITY AND LIABILITIES7,931 7,072 Pre Ind AS 116 P&L (Standalone)

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 FY21Q4 FY20Y-O-YQ3 FY21FY2021FY2020Y-O-YRevenue from Operations1,8931,29247%2,274 5,386 7,012 -23%Other Income1350197Total Income1,9061,2962,2745,4057,019Cost of Material Consumed1,4759961,4883,8035,053Gross Profit41829541%786 1,583 1,960 -19% GP Margin (%)22.1%22.9%34.6%29.4%27.9%Employee Benefit Expenses165140160477623Other Expenses3482423341,0191,054EBIDTA(82)(82)0%292106289-63%EBIDTA Margin (%)-4.3%-6.4%12.8%2.0%4.1%Depreciation38 42 - 49 176 169 - Finance Cost4 2 - 1 6 18 - PBT Before Exceptional Item(124)(126)242(76)102PBT Margin (%)-6.5%-9.7%10.6%-1.4%1.5%Profit & Loss - Consolidated

^ Not Annualised

Particulars (₹ million)Q4 FY21Q4 FY20Y-O-YQ3 FY21FY21FY20Y-O-YRevenue from Operations1,8931,29247%2,2745,386 7,012 -23%Other Income8481323025Total Income1,9771,2992,2865,6167,037Gross Profit42529544%8131,628 1,960 -17% GP Margin (%)22.4%22.9%35.8%30.2%27.9%EBIDTA3034-11%370535771-31%EBIDTA Margin (%)1.6%2.6%16.3%9.9%11.0%Depreciation146 124 - 153 555 510 - Finance Cost90 73 - 82 313 303 - PBT Before Exceptional Item(206)(163)134(333)(41)PBT Margin (%)-10.4%-12.6%5.9%-5.9%-0.6%Exceptional Item (Gain) / Loss- - - - (125)PBT(206)(163)134(333)84PBT Margin (%)-10.4%-12.6%5.9%-5.9%1.2%PAT(103) (121) 149 (128) 88 PAT Margin (%)-5.2%-9.3%6.5%-2.3%1.2%Total Comprehensive Income(102) (122) 149 (129) 83 EPS Basic (₹ per share)^(3.01) (3.54) 4.36 (3.77) 2.57 EPS Diluted (₹ per share)^(3.01) (3.54) 4.36 (3.76) 2.57 Balance Sheet - Consolidated

Particulars (₹ in Mn)FY2021FY2020Particulars (₹ in Mn)FY2021FY2020ASSETSEQUITY AND LIABILITIESNon-current assetsEquityProperty, plant and equipment1,049 922 Equity share capital341 341 Capital Work in Progress- - Other equity 2,346 2,451 Right to use Assets2,895 2,453 Total - Equity2,687 2,792 Other intangible assets5 12 Intangible assets under development46 41 LIABILITIESFinancial assetsNon-current liabilitiesLoans66 60 Borrowings1 49 Other financial assets3 228 Lease Liability3,094 2,708 Financial liabilities1 1 Deferred tax assets (net)241 216 Provisions28 24 Income tax assets (net)22 20 Other non-current liabilities- - Other non-current assets174 173 Total Non-Current Liabilities3,124 2,782 Total - Non-Current Assets4,502 4,127 Current assetsCurrent liabilitiesInventories3,018 2,152 Borrowings497 276 Financial assetsLease Liability331 223 Cash and cash equivalents219 605 Trade payables1,315 1,032 Bank balances other than cash & cash equivalents7 70 Other financial liabilities 138 69 Other financial assets7 3 Provisions22 19 Trade Receivables7 0 Other current liabilities15 12 Other current assets371 249 Total - Current liabilities2,319 1,631 Total - Current Assets3,628 3,079 - TOTAL - ASSETS8,130 7,205 TOTAL - EQUITY AND LIABILITIES8,130 7,205 CASH FLOW STATEMENT FOR MARCH 31, 2021

FY2021FY2020FY2021FY2020PBT (131) 105 (153) 87 Adjustments 691 665 710 671 Operating profit before working capital changes 560 770 557 758 Changes in working capital (712) 176 (522) (14)Cash generated from operations (152) 946 36 744 Direct taxes paid (net of refund) (2) (3) (2) (3)Net Cash from Operating Activities (154) 943 34 741 Net Cash from Investing Activities (159) (53) (203) 65 Net Cash from Financing Activities (140) (368) (216) (284)Net Change in cash and cash equivalents (453) 522 (386) 522 Opening Cash Balance 605 83 605 83 Closing Cash Balance 152 605 219 605 StandaloneConsolidatedParticulars (₹ in Mn)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

Uttar Pradesh (21)

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

Arunachal (1)

Itanagar

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

Bihar (24)

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

Odisha (13)

Jharkhand (8)

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

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

Uttarakhand (4) Haldwani; Roorkee; Haridwar, Khatima;

15 15

Our Brands

JEYPORE, ORISSA

Banka, Bihar

Promotions – Campaigns Q4 FY21

Board of Directors

Mr. Ram Chandra Agarwal, Chairman and Managing Director

• 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 behind and the 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.

Mrs. Uma Agarwal, Whole Time Director

Mr. Akash Agarwal, Whole Time Director & CFO

Ms. Rochelle Susanna Dsouza, Nominee Director

• Mrs.

holds Agarwal bachelor’s degree in Arts.

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

• Has been a member of the since

Board of Directors inception.

•

She oversees the marketing strategies of the Company.

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

• He has more than 7 years of the Retail in

experience Industry.

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

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

•

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

SBI

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

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

25 25

Particulars FY2017FY2018FY2019FY2020FY2021Revenue from Operations4,720 5,594 7,484 7,012 5,386 Other Income16 33 99 23 222 Total Income4,736 5,627 7,583 7,035 5,608 Growth (%)65%19%34%-6%-23%Gross Profit1,388 1,804 2,421 1,960 1,583 GP Margin (%)29%32%32%28%29%EBIDTA431 550 568 783 709 EBIDTA Margin (%)9%10%8%11%13%Depreciation61 84 144 505 538 Finance Cost86 6 7 299 302 PBT Before Exceptional Item283 460 417 (21) (131) PBT Margin (%)6%8%5%0%-2%Exceptional Item (Gain) / Loss233 266 -125 - PAT390 311 205 101 -110 PAT Margin (%)8%6%2.7%1.4%-2.3%Total Comprehensive Income390 310 204 96 (110) 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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