KDDL Limited

rs,

1, Block G, Bandra Kurla Complex, Bandra, Mumbai - 400 051 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001 Trading Symbol : KDDL Scrip Code : 532054 Subject: Investor Pres

24%

2 Q4FY21 Performance Overview Q4FY21 Performance Standalone Performance (Rs. Crs) Revenue +24% 50.5 40.7 PAT +9x 4.7 0.5 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Ethos Performance (Consolidated) (

9x

Overview Q4FY21 Performance Standalone Performance (Rs. Crs) Revenue +24% 50.5 40.7 PAT +9x 4.7 0.5 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Ethos Performance (Consolidated) (Rs. Crs.) Revenue*

34%

4.7 0.5 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Ethos Performance (Consolidated) (Rs. Crs.) Revenue* +34% 123.5 92.2 PAT 4.5 *Ethos Q4FY20 & Q4FY21 Revenue is without IND AS 116 impact for better comp

19%

0 Q4FY21 -4.4 Q4FY20 Q4FY21 4 FY21 Performance Standalone Performance (Rs. Crs.) Revenue -19% 180.6 146.9 PAT -63% 9.1 3.4 FY20 FY21 FY20 FY21 Ethos Performance (Consolidated) (Rs. C

63%

Q4FY21 4 FY21 Performance Standalone Performance (Rs. Crs.) Revenue -19% 180.6 146.9 PAT -63% 9.1 3.4 FY20 FY21 FY20 FY21 Ethos Performance (Consolidated) (Rs. Crs.) Revenue* -16% 46

16%

T -63% 9.1 3.4 FY20 FY21 FY20 FY21 Ethos Performance (Consolidated) (Rs. Crs.) Revenue* -16% 460.2 388.5 PAT 4.7 *Ethos FY20 & FY21 Revenue is without IND AS 116 impact for better compari

Rs. 25 Crore

0 FY21 5 Rights Issue strengthens Balance Sheet Pre-Rights Shares 1,16,50,108 Rights Issue of Rs. 25 Crores Rights Issue of 10,86,956 Shares at Rs. 230 per share Post-Rights Shares 1,27,37,064 Rights

Rs. 230

-Rights Shares 1,16,50,108 Rights Issue of Rs. 25 Crores Rights Issue of 10,86,956 Shares at Rs. 230 per share Post-Rights Shares 1,27,37,064 Rights Issue Proceeds Utilization ✓ Rights issue proceed

46.87%

ses ✓ Post successful closure of the rights issue, promoters' stake in the company has increased to 46.87% in May-21 from 45.32% as of Mar-21 6 Standalone Profit & Loss Profit & Loss (Rs. Crs.) Q4FY21

45.32%

losure of the rights issue, promoters' stake in the company has increased to 46.87% in May-21 from 45.32% as of Mar-21 6 Standalone Profit & Loss Profit & Loss (Rs. Crs.) Q4FY21 Q4FY20 YoY% Q3FY21

26%

iation PBT Tax PAT 50.5 12.1 38.4 14.6 11.7 12.2 40.7 10.3 30.4 12.8 11.9 5.7 24% 26% 116% 40.8 10.5 30.4 13.1 9.5 7.7 24% 27% 58% FY21 146.9 37.7 109.2 49.7 35.7 23.9

“Ethos is uniquely positioned to partner with them and grow these Swiss brands without them having to deploy their own resources Costs Stores Digital Uniquely Positioned Costs Optimization Deferment of all unproductive expenses & capex in the medium term to conserve cash while ensuring that spend on ‘good costs’ is not compromised Leveraging Digital Capabilities We have the most advanced digital communication and e-commerce capabilities in the country for any luxury product.”

“With the change in customer behaviour, we will be best positioned to leverage these capabilities and increase market share substantially Fit & Lean ETHOS 2.0 21 Consolidated Profit & Loss Particulars (Rs.”

Profitability as under

2

Store Selection Criteria

1

Investor Relations Advisors

1

Profitability as under

Profit & Loss Impacts For FY21 (Rs. Cr.) Financial impact Other expenses (Rent) Decrease in Rent expense Finance costs Increase in Finance cost Depreciation Increase in Depreciation Profit before tax Decrease in PBT 32.7 11.5 27.4 6.2 This affects other expenses, depreciation and finance cost in the Profit & loss statement & consequently impacts EBITDA and PBT of the company There would be no change in the cash flow of the company due to applicability of INDAS 116 11 Standalone Balance Sheet Assets (Rs. Crs.) Non-current assets Property, plant and equipment Capital work-in-progress Right-of-use asset Investment Property Other intangible assets Financial assets (i) Investments (ii) Loans Income Tax Asset Other Non Current Assets Current assets Inventories Financial assets (i) Trade receivables (ii) Cash and cash equivalents (iii) Other bank balances (iv) Loans (v) Other financial assets Other current assets Mar-21 Mar-20 Liabilities (Rs. Crs.) 216.2 216.0 Equity 90.8 1.1 10.7 0.3 0.2 93

Profitability as under

Profit & Loss Impact For FY21 (Rs. Cr.) Financial impact Other expenses (Rent) Decrease in Rent expense Finance costs Depreciation Increase in Finance cost Increase in Depreciation Other Income Increase in Other income Share of Profit / loss of JV Increase in Loss of JV Profit before tax Decrease in PBT 15.6 10.6 24.8 14.5 0.1 5.5 This affects other expenses, other income, depreciation and finance cost in the Profit & loss statement & consequently impacts, Revenue, EBITDA and PBT of the company There would be no change in the cash flow of the company due to applicability of INDAS 116 25 Consolidated Balance Sheet Assets (Rs. Crores)* Non-current assets Fixed Assets Right of Use Financial Assets Other Non Current Assets Investment in Joint Venture Deferred Tax asset Current assets Inventories Trade Receivables Cash and Bank Balances Other Financial Assets Other Current Assets Mar-21 Mar-20 Equity & Liabilities (Rs. Crores)* Mar-21 Mar-20 128.8 35.1 81.2 9.0 2.6 0.8 8.2 256.5 197.8 12.2

Store Selection Criteria

Reputed /Pedigree Mall at Premium location where other Premium brands present and having better facility management Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness 33 Pan-India Presence with Offline Store Network Exclusive Brands Stores Digital Strategy Right Mix • Higher share of Business from Exclusive Brands • To go slower on new stores in near term • Focus on improving profitability of existing stores • Leverage on our Digital platform to drive sales and customers • Digital strategy to lead to cost optimization and margin growth • Targeting to have a right mix of Brands at all price points leading to faster churn in Inventory and increasing profitability 34 Ethos is India’s Preferred Destination for Luxury Watches… Knowledge One-stop shop has well Ethos trained Knowledgeable staff to ensure highest customer satisfaction and increasing repeat buying. Ethos’ access to Swiss Watch Br

Investor Relations Advisors

KDDL Limited CIN : L33302HP1981PLC008123 Mr. C. Raja Sekhar rajasekhar@ethoswatches.com www.kddl.com www.ethoswatches.com CIN : U74140MH2010PTC204285 Mr. Shogun Jain/ Mr. Shrenik Shah +91 77383 77756 / +91 9664 764465 shogun.jain@sgapl.net / Shrenik.shah@sgapl.net www.sgapl.net 38