V2RETAILNSE14 February 2022

V2 Retail Limited has informed the Exchange about Investor Presentation

V2 Retail Limited

February 14, 2022

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

NationalStock Exchange Of India Limited Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra IEastl, M umbai -- 400 05].

Scrip Code -- 532867

Scrip Code -- V2RETAIL

Sub: Investor Presentation for Q3 FY 2021-22

Dea r Sir/Mada m

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith Investor Presentation for Q3 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 truly .. For V2 Retail Limited

,€U'h«

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'''------'''-'-.e I l-n I

Sudhir Kumar Company Secretary & Compliance Officer

End.: As above

Khasra No. 919,921,926,928, Extended Lal Dora AbadiVillage Kapashera TeshilVasant Vlhar. 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 & 9M 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

Q3 & 9M FY22 Highlights

Performance Highlights Q3 & 9M FY22 - Consolidated

EBIDTA ₹ 409 Mn in Q3 FY22 as compared to ₹ 436 Mn in Q3 FY21. EBIDTA for 9M FY22 stood at ₹ 704 Mn as compared to ₹ 606 Mn in 9M FY21

Gross Profit ₹ 798 Mn in Q3 FY22 as compared to ₹ 813 Mn in Q3 FY21. Gross Profit for 9M FY22 stood at ₹ 1,580 mn as compared to ₹ 1,203 mn in 9M FY21.

Revenue

₹ 2,389 Mn in Q3 FY22 as compared to ₹ 2,274 Mn in Q3 FY21. Revenue for 9M FY22 stood at ₹ 4,710 mn as compared to ₹ 3,493 mn in 9M FY21.

PBT

₹ 168 Mn in Q3 FY22 as compared to ₹ 200 Mn in Q3 FY21. PBT for 9M FY22 stood at ₹ (19) mn as compared to ₹ (25) mn in 9M FY21.

₹

PAT ₹ 123 Mn in Q3 FY22 as compared to ₹ 149 Mn in Q3 FY21. PAT for 9M FY22 stood at ₹ (22) mn as compared to ₹ (26) mn in 9M FY21.

Highlights Q3 FY22

Store Count & Retail Area 97 Stores at end of Q3 FY22 (Opened 1, Closed 0) Total Retail area ~10.23 lakh sq.ft.

SSG

Same Store Sales Growth (3%) in Q3 FY22

ASP

Average Selling price in Q3 FY22 was ₹ 341 (Q3 FY21 ₹ 326)

ABV Average Bill value in Q3FY22 was ₹ 870 (Q3 FY21 ₹ 851)

PSF Sales per square feet per month in Q3 FY22 was ₹ 765 (Q3 FY21 ₹ 859)

Highlights 9M FY22

Store Count & Retail Area 97 Stores at end of 9M FY22 (Opened 5, Closed 3) Total Retail area ~10.23 lakh sq.ft.

SSG

Same Store Sales Growth 20% in 9M FY22

ASP

Average Selling price in 9M FY22 was ₹ 296

ABV Average Bill value in 9M FY22 was ₹ 802

PSF Sales per square feet per month in 9M FY22 was ₹ 498 (9M FY21 ₹ 451)

Key Trends

Business recovery was good in October and November, however demand tapered sharply post December 15th and till January 2022 due to restrictions imposed by various state governments in the wake of third wave of Covid-19

We continue to remain focused and committed to the accelerated store expansion strategy despite delays in 9M FY22 due to lockdown.

We are again seeing consumer sentiments returning towards normalcy since beginning of February 2022 as the national infection caseload came down. We are hopefull that the recovery shall be sharper with the onset of festive / wedding season in coming months

Given the underlying business fundamentals and the balance sheet strength, the company is well poised to embark on a new wave of growth and create value for all stakeholders.

Consolidated Financial Highlights

Revenue (₹ Million)

Gross Profit (₹ Million) and Gross Profit Margins

EBIDTA (₹ Million) and EBIDTA Margins

Profit After Tax (₹ Million)

Standalone Financial Highlights

Revenue (₹ Million)

Gross Profit (₹ Million) and Gross Profit Margins

EBIDTA (₹ Million) and EBIDTA Margins

Profit After Tax (₹ Million)

Profit & Loss - Consolidated

^ Not Annualised

Particulars (₹ million)Q3 FY22Q3 FY21Y-O-YQ2 FY229MFY229MFY21Y-O-YFY2021Revenue from Operations2,3892,2745%1,4954,710 3,493 35%5,386 Other Income111320122146230Total Income2,4002,2865%1,5164,8323,63933%5,616Gross Profit798813-2%5131,5801,203 31%1,628 GP Margin (%)33.4%35.8%34.3%33.5%34.4%30.2%EBIDTA409436-6%19570460616%715EBIDTA Margin (%)17.1%19.2%13.1%15.0%17.4%13.3%Depreciation151 153 147 452 409 555 Finance Cost91 82 91 272 223 313 PBT168200-16%(43) (19) (25) 24%-153PBT Margin (%)7.0%8.7%-2.8%-0.4%-0.7%-2.7%PAT123 149 -17%(31) (22) (26) 16%(128) PAT Margin (%)5.1%6.5%-2.1%-0.4%-0.7%-2.3%Total Comprehensive Income121 149 (33) (26) (26) (129) EPS Basic (₹ per share)^3.58 4.36 (0.91) (0.63) (0.76) (3.77) EPS Diluted (₹ per share)^3.58 4.36 (0.91) (0.63) (0.75) (3.76) Profit & Loss - Standalone

^ Not Annualised

Particulars (₹ million)Q3 FY22Q3 FY21Y-O-YQ2 FY229MFY229MFY21Y-O-YFY2021Revenue from Operations2,3892,2745%1,4954,710 3,493 35%5,386 Other Income101120121138222Total Income2,3992,2855%1,5154,8313,63133%5,608Gross Profit763786-3%4601,484 1,166 27%1,583 GP Margin (%)31.9%34.6%30.8%31.5%33.4%29.4%EBIDTA399419-5%16567158714%709EBIDTA Margin (%)16.7%18.4%11.1%14.3%16.8%13.2%Depreciation145 149 143 437 396 538 Finance Cost90 80 90 268 214 302 PBT16419114%(67) (34) (24) -43%-131PBT Margin (%)6.8%8.3%-4.4%-0.7%-0.7%-2.3%PAT119 138 14%(52) (34) (24) -42%(110) PAT Margin (%)5.0%6.0%-3.4%-0.7%-0.7%-2.0%Total Comprehensive Income117 138 (54) (38) (25) (110) EPS Basic (₹ per share)^3.48 4.05 (1.50) (1.00) (0.71) (3.24) EPS Diluted (₹ per share)^3.47 4.04 (1.50) (1.00) (0.71) (3.24) Pre Ind AS 116 P&L (Consolidated)

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 FY22Q3 FY21Y-O-YQ2 FY229MFY229MFY21Y-O-YRevenue from Operations2,3892,2745%1,495 4,710 3,493 35%Other Income2 2 6 9 10 Total Income2,3912,2761,5024,7193,503Cost of Material Consumed1,5931,4639853,1372,295Gross Profit796811-2%511 1,573 1,198 31% GP Margin (%)33.3%35.7%34.2%33.4%34.3%Employee Benefit Expenses193168158448329Other Expenses358341320931682EBIDTA247304-19%382021973%EBIDTA Margin (%)10.3%13.4%2.6%4.3%5.6%Depreciation44 50 43 138 142 Finance Cost12 3 12 34 7 PBT Before Exceptional Item190251-24%(16) 3149-36%PBT Margin (%)8.0%11.1%-1.1%0.7%1.4%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)Q3 FY22Q3 FY21Y-O-YQ2 FY229MFY229MFY21Y-O-YFY2021Revenue from Operations2,3892,2745%1,495 4,710 3,493 35%5,386 Other Income2 0 6 9 5 19 Total Income2,3912,2741,5024,7193,4995,405Cost of Material Consumed1,6261,4881,0353,2252,3283,803Gross Profit763786-3%460 1,484 1,166 27%1,583 GP Margin (%)31.9%34.6%30.8%31.5%33.4%29.4%Employee Benefit Expenses178161146410312477Other Expenses3473343089026701,019EBIDTA240291-17%12181188-4%106EBIDTA Margin (%)10.1%12.8%0.8%3.9%5.4%2.0%Depreciation43 49 41 133 139 176 Finance Cost12 1 12 34 2 6 PBT Before Exceptional Item186241-23%(41) 1548-70%(76) PBT Margin (%)7.8%10.6%-2.7%0.3%1.4%-1.4%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; Patna 3

Jharkhand (8)

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

Uttar Pradesh (22)

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; Lakhimpur Kheri

Odisha (15)

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

Uttarakhand (5)

Haldwani; Roorkee; Haridwar, Khatima; Dehradun

1414

Our Brands

JEYPORE, ORISSA

Banka, Bihar

Promotions – Campaigns Q3 FY22

Promotions – Campaigns Q2 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.

• Mr. Akash Agarwal holds a bachelor’s business of 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 Capital Markets, at Banking Division, Investment 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

2323

Particulars (₹ in Mn)FY2017FY2018FY2019FY2020FY2021Revenue from Operations4,720 5,594 7,484 7,012 5,386 Other Income16 33 99 138 222 Total Income4,736 5,627 7,583 7,150 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%-0.6%Total Comprehensive Income390 310 204 96 (110) 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 Financial Highlights – Consolidated Profit & Loss Account

Particulars (₹ million)FY2021FY2020Revenue from Operations5,386 7,012 Other Income23025Total Income5,6167,037Gross Profit1,628 1,960 GP Margin (%)30.2%27.9%EBIDTA715773EBIDTA Margin (%)13.3%11.0%Depreciation555 510 Finance Cost313 303 PBT Before Exceptional Item(153)(39)PBT Margin (%)-2.7%-0.6%Exceptional Item (Gain) / Loss- (125)PBT(153)87PBT Margin (%)-2.7%1.2%PAT(128) 88 PAT Margin (%)-2.3%1.2%Total Comprehensive Income(129) 83 EPS Basic (₹ per share)^(3.77) 2.57 EPS Diluted (₹ per share)^(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)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 / 9967576900 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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