V2RETAILNSE13 August 2021

V2 Retail Limited has informed the Exchange about Investor Presentation

V2 Retail Limited

August 13, 2021

BSE Limited

Corporate Relationship Department 1" Floor, New Trading, Rotunda Building, P J Towers, Dalai Street, Fort, M umbai -- 400 001

National Stock Exchange Of India Limited Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), M umbai -- 400 05 1

Scrip Code -- 532867

Scrip Code -- V2RETAIL

SybLIDYQstor Presentation for QI FY 2021-22

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith Investor Presentation for QI FY2021-22.

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 tr'ult ForVZ RetiitUMiled .'P:'o-w;;:'' I Sudhit ' Kumar,/' ,

Coritialliljllg;9i!:fy & 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

Q1 FY22 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

Q1 FY22 Highlights

Performance Highlights Q1 FY22 - Standalone

Gross Profit

₹ 261 Mn in Q1 FY22 as compared to ₹ 110 Mn in Q1 FY21.

Revenue

₹ 825 Mn in Q1 FY22 as compared to ₹ 370 Mn in Q1 FY21.

EBIDTA

₹ 107 Mn in Q1 FY22 as compared to ₹ 72 Mn in Q1 FY21.

PBT

₹ (131) Mn in Q1 FY22 as compared to ₹ (118) Mn in Q1 FY21.

₹

PAT

₹ (102) Mn in Q1 FY22 as compared to ₹ (89) Mn in Q1 FY21.

Highlights Q1 FY22

Store Count & Retail Area 93 Stores at end of Q1 FY22 (Opened 1, Closed 3) Total Retail area ~9.8 lakh sq.ft.

SSG

Same Store Sales Growth 67% in Q1 FY22

ASP

Average Selling price in Q1 FY22 was ₹ 250 (Q1 FY21 ₹249)

ABV

Average Bill value in Q1 FY22 was ₹ 757 (Q1 FY21 ₹774)

PSF Sales per square feet per month in Q1 FY22 was ₹ 236 (Q1 FY21 ₹ 141)

Key Trends

Lockdown and related restrictions impacted operations at majority of our stores in Q1 FY22. The stores were operational on an average for 45% days of the total days

Our targeted stores addition for H1 FY 22 are also delayed. However, we on track of opening planned stores for FY 22

At V2, with our strong customer connect we have witnessed strong rebound in demand post relaxation of restrictions in Q2 FY22.

With above normal monsoon so far, we forsee substantial pick up in demand during festival season starting August 2021 onwards

Standalone Financial Highlights

Revenue (₹ Million)

Gross Profit (₹ Million) and Gross Profit Margins

EBIDTA (₹ Million) and EBIDTA Margins

Profit After Tax (₹ Million)

Profit & Loss - Standalone

Particulars (₹ million) Revenue from Operations Other Income Total Income Gross Profit

EBIDTA

GP Margin (%)

EBIDTA Margin (%)

Depreciation Finance Cost PBT Before Exceptional Item

PBT Margin (%)

Exceptional Item (Gain) / Loss PBT

PAT

PBT Margin (%)

PAT Margin (%)

Total Comprehensive Income EPS Basic (₹ per share)^ EPS Diluted (₹ per share)^ ^ Not Annualised

825 91 916 261

Q1 FY22 Q1 FY21 370 74 443 110 31.7% 29.7% 72 12.9% 19.5% 121 68 (118) -14.3% -26.6%

149 89 (131)

107

(102)

- (131)

- (118) -14.3% -26.6% (89) -11.1% -20.1% (89) (2.62) (2.61)

(102) (2.99) (2.98)

- -

49%

138%

Y-O-Y Q4 FY21 1,893 123% 84 1,977 418 22.1% 123 6.5% 142 88 (107) -5.4% - (107) -5.4% (86) -4.4% (86) (2.53) (2.52)

FY2021

5,386 222 5,608 1,583 29.4% 709 13.2% 538 302 (131) -2.3% - (131) -2.3% (110) -2.0% (110) (3.24) (3.24)

Pre Ind AS 116 P&L (Standalone)

Particulars (₹ million) Revenue from Operations Other Income Total Income Cost of Material Consumed Gross Profit

GP Margin (%)

Employee Benefit Expenses Other Expenses EBIDTA

EBIDTA Margin (%)

Depreciation Finance Cost PBT Before Exceptional Item

PBT Margin (%)

825 1 826 564 261

Q1 FY22 Q1 FY21 370 4 374 260 110 31.7% 29.7% 59 111 (56) -8.6% -15.2% 43 0 (99) -15.7% -26.6%

49 10 (130)

87 246 (71)

138%

Y-O-Y Q4 FY21 1,893 123% 13 1,906 1,475 418 22.1% 165 348 (82) -4.3% 38 4 (124) -6.5%

- -

FY2021

5,386 19 5,405 3,803 1,583 29.4% 477 1,019 106 2.0% 176 6 (76) -1.4%

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

Profit & Loss - Consolidated

Particulars (₹ million) Revenue from Operations Other Income Total Income Gross Profit

EBIDTA

GP Margin (%)

EBIDTA Margin (%)

Depreciation Finance Cost PBT Before Exceptional Item

PBT Margin (%)

Exceptional Item (Gain) / Loss PBT

PAT

PBT Margin (%)

PAT Margin (%)

Total Comprehensive Income EPS Basic (₹ per share)^ EPS Diluted (₹ per share)^ ^ Not Annualised

825 91 917 268

Q1 FY22 Q1 FY21 370 77 447 113 32.5% 30.4% 74 12.0% 20.0% 125 71 (122) -15.7% -27.4%

153 90 (144)

(113)

- (144)

- (122) -15.7% -27.4% (93) -12.3% -20.8% (93) (2.73) (2.73)

(113) (3.32) (3.31)

- -

34%

139%

Y-O-Y Q4 FY21 1,893 123% 84 1,977 425 22.4% 109 5.7% 146 90 (128) -6.5% - (128) -6.5% (103) -5.2% (102) (3.01) (3.01)

FY2021

5,386 230 5,616 1,628 30.2% 715 13.3% 555 313 (153) -2.7% - (153) -2.7% (128) -2.3% (129) (3.77) (3.76)

Store Presence

Jammu & Kashmir (1) Kathua

Himachal (1)

Solan

NCR (4)

Mahipalpur; Faridabad; Kapasehra 1; Kapssehra 2

Madhya Pradesh (3)

Jabalpur; Sagar; Rewa

Goa (2)

Panaji; Bicholim

Karnataka (4)

Hubli; Belgaum, Vijaynagar, Gulbarga

Arunachal (1)

Itanagar

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

Bihar (23)

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

Jharkhand (8)

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

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

Odisha (14)

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

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

1111

Our Brands

JEYPORE, ORISSA

Banka, Bihar

Promotions – Campaigns Q1 FY22

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

of Directors

Board inception.

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

• 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 Capital Markets, at 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 - Historical

Financial Highlights – Standalone Profit & Loss Account

Particulars

FY2017

FY2018

FY2019

FY2020

FY2021

₹ in Million

Revenue from Operations Other Income Total Income

Gross Profit

EBIDTA

Growth (%)

GP Margin (%)

EBIDTA Margin (%)

Depreciation Finance Cost PBT Before Exceptional Item

PBT Margin (%)

Exceptional Item (Gain) / Loss PAT

Total Comprehensive Income

PAT Margin (%)

4,720 16 4,736 65% 1,388 29% 431 9% 61 86 283 6% 233 390 8% 390

2020

5,594 33 5,627 19% 1,804 32% 550 10% 84 6 460 8%

311 6% 310

7,484 99 7,583 34% 2,421 32% 568 8% 144 7 417 5% 266 205 2.7% 204

7,012 23 7,035 -6% 1,960 28% 783 11% 505 299 (21) 0% -125 101 1.4% 96

5,386 222 5,608 -23% 1,583 29% 709 13% 538 302 (131) -2% - -110 -2.3% (110)

FY2021

FY2020

Particulars (₹ in Mn)

FY2021

FY2020

Balance Sheet - Standalone

Particulars (₹ in Mn)

ASSETS Non-current assets Property, plant and equipment Capital Work in Progress Right to use Assets Other intangible assets Intangible assets under development Financial assets

Loans Other financial assets Investment in Subsidiary Deferred tax assets (net) Income tax assets (net) Other non-current assets

Total - Non-Current Assets

Current assets Inventories Financial assets

971 - 2,849 5 46

65 3 150 233 21 174 4,517

889 - 2,394 12 41

59 123 150 212 19 173 4,073

2,654

1,962

Cash and cash equivalents Bank balances other than cash & cash equivalents Other financial assets Trade Receivables Other current assets

152

7 143 452

Total - Current Assets

3,414

Assets classified as held for sale TOTAL - ASSETS

7,931

605

3 130 230

2,999

- 7,072

341 2,378 2,719

341 2,464 2,805

Total - Equity

EQUITY AND LIABILITIES Equity Equity share capital Other equity

LIABILITIES Non-current liabilities Borrowings Lease Liability Financial liabilities Provisions Other non-current liabilities

Total Non-Current Liabilities

Current liabilities Borrowings Lease Liability Trade payables

Other financial liabilities

Provisions Other current liabilities

Total - Current liabilities

Liabilities directly associated with assets classified as held for sale

1 3,056 1 27

- 3,085

497 320 1,173

100

22 14 2,127

8 2,658 1 24

- 2,691

226 213 1,040

19 12 1,576

TOTAL - EQUITY AND LIABILITIES

7,931

7,072

Financial Highlights – Consolidated Profit & Loss Account

Particulars (₹ million) Revenue from Operations Other Income Total Income Gross Profit

EBIDTA

Depreciation Finance Cost PBT Before Exceptional Item

Exceptional Item (Gain) / Loss PBT

PAT

Total Comprehensive Income EPS Basic (₹ per share)^ EPS Diluted (₹ per share)^

FY2021

FY2020

5,386 230 5,616 1,628 30.2% 715 13.3% 555 313 (153) -2.7% - (153) -2.7% (128) -2.3% (129) (3.77) (3.76)

7,012 25 7,037 1,960 27.9% 773 11.0% 510 303 (39) -0.6% (125) 87 1.2% 88 1.2% 83 2.57 2.57

GP Margin (%)

EBIDTA Margin (%)

PBT Margin (%)

PAT Margin (%)

FY2021

FY2020

Particulars (₹ in Mn)

FY2021

FY2020

Balance Sheet - Consolidated

Particulars (₹ in Mn)

ASSETS Non-current assets Property, plant and equipment Capital Work in Progress Right to use Assets Other intangible assets Intangible assets under development Financial assets

Loans Other financial assets

Deferred tax assets (net) Income tax assets (net) Other non-current assets

Total - Non-Current Assets

Current assets Inventories Financial assets

Cash and cash equivalents Bank balances other than cash & cash equivalents Other financial assets Trade Receivables Other current assets

Total - Current Assets

1,049 - 2,895 5 46

66 3

241 22 174 4,502

922 - 2,453 12 41

60 228

216 20 173 4,127

3,018

2,152

219

7 7 371 3,628

605

3 0 249 3,079

341 2,346 2,687

341 2,451 2,792

Total - Equity

EQUITY AND LIABILITIES Equity Equity share capital Other equity

LIABILITIES Non-current liabilities Borrowings Lease Liability Financial liabilities Provisions Other non-current liabilities

Total Non-Current Liabilities

Current liabilities Borrowings Lease Liability Trade payables

Other financial liabilities

Provisions Other current liabilities

Total - Current liabilities

1 3,094 1 28

- 3,124

497 331 1,315

138

22 15 2,319

49 2,708 1 24

- 2,782

276 223 1,032

19 12 1,631 -

TOTAL - ASSETS

8,130

7,205

TOTAL - EQUITY AND LIABILITIES

8,130

7,205

CASH FLOW STATEMENT FOR MARCH 31, 2021

Particulars (₹ in Mn)

Standalone

Consolidated

FY2021

FY2020

FY2021

FY2020

PBT Adjustments Operating profit before working capital changes Changes in working capital

(131) 105 (153) 87 691 665 710 671 560 770 557 758 (712) 176 (522) (14)

Cash generated from operations Direct taxes paid (net of refund)

36 744 (152) 946 (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 Opening Cash Balance

(453) 522 (386) 522 83 83 605 605

Closing Cash Balance

152 605 219 605

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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