GOCOLORS

May 07, 2022 BSE Limited National Stock Exchange of India Ltd. Scrip Code: 543401 Trading Symbol: GOCOLORS Dear Sir/Madam, Sub: Investor Presentation for Q4 FY 2022 - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. With reference to the above captioned subject, please find enclosed Investor Presentation for Q4 FY 22. The aforesaid Investor Presentation is also being disseminated on company’s website at https://www.gocolors.com/investor-relations This is for your information and record. Thanking You, For Go Fashion (India) Limited Gayathri Venkatesan Company Secretary & Compliance Officer Encl: As above Go Fashion (India) Limited Investor Presentation May 2022 Safe Harbor This presentation has been prepared by and is the sole responsibility of Go Fashion (India) Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by thetrailingrestrictions. Thispresentation does not constitute or form part of anyoffer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation topurchase or subscribe for,anysecuritiesoftheCompany,norshallitoranypartofitorthefactofitsdistributionformthebasisof,orbereliedoninconnectionwith,anycontractorcommitmentthereof.In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. 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These forward-looking statements involve known and unknown risks, uncertainties, assumptions and otherfactorsthatmaycausetheCompany’sactualresults,performanceorachievementstobemateriallydifferentfromanyfutureresults,performanceorachievementsexpressedor implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among others:(a)ourabilitytosuccessfullyimplementourstrategy,(b)ourgrowthandexpansionplans,(c)changesinregulatorynormsapplicabletotheCompany,(d)technologicalchanges, (e)investmentincome,(f)cashflowprojections,and(g)otherrisks. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of anyparticular person. The Company mayalter,modifyorotherwisechangeinanymannerthecontentofthispresentation,withoutobligationtonotifyanypersonofsuchchangeorchanges. 2 Go Fashion (India) Limited Strong Q4 FY22 Financials Revenue from Operations Gross Profit EBITDA Profit Before Tax (PBT) Profit After Tax Rs. 116 crores Rs. 72 crores Rs. 38 crores Rs. 15 crores Rs. 12 crores +29% +30% +53% +61% +73% Sales Mix Gross Profit Margins EBITDA Margins No. of EBO stores added + 50 bps + 490 bps during the quarter^ 5.5% 61.3% 61.8% 32.4% 27.5% 17.6% 27 2.6% Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 74.3% PAT Margins SSSG Volume Growth + 270 bps Q4 FY22 +17% +31% 10.6% EBOs LFS 7.9% 11% Online MBO & Others Y-o-Y Growth during the quarter was impacted due to CoVID related lockdown in January 2022 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 H2 FY21 H2 FY22 ^ Net Addition of EBO Stores All comparisons are on Y-o-Y basis 4 Go Fashion (India) Limited Strong FY22 Financials Revenue from Operations Gross Profit EBITDA Profit Before Tax (PBT) Profit After Tax Rs. 401 crores Rs. 241 crores Rs. 119 crores Rs. 48 crores Rs. 36 crores +60% +64% +157% FY21: FY21: (Rs. 3 crores) (Rs. 4 crores) Sales Mix Gross Profit Margins EBITDA Margins No. of EBO stores added 3.9% + 1,120 bps during the year^ + 160 bps 20.2% 58.5% 60.1% 29.7% 54 18.5% 3.1% FY21 FY22 FY21 FY22 72.9% PAT Margins Cash & Cash Equivalents Volume Growth FY22 EBOs LFS 8.9% Rs. 106 crores 34% Y-o-Y Online MBO & Others All comparisons are on Y-o-Y basis SSSG for FY22 is not comparable due to CoVID related lockdowns ^ Net Addition of EBO Stores 5 Go Fashion (India) Limited Profit & Loss Statement Particulars (in Rs. Crore) Q4 FY22 Q4 FY21 Y-o-Y FY22 FY21 Y-o-Y Total Revenue 116.2 89.8 29% 401.3 250.7 60% Cost of Materials Consumed 36.3 30.5 135.5 92.2 Subcontracting Charges 8.1 4.2 24.8 11.8 Gross Profit 71.9 55.1 30% 241.1 146.7 64% Gross Margin 61.8% 61.3% 60.1% 58.5% Employee Cost 20.3 16.1 73.1 61.5 Other Expenses 13.9 14.3 49.0 38.9 EBITDA 37.7 24.7 53% 119.0 46.3 157% EBITDA Margin 32.4% 27.5% 29.7% 18.5% Other Income 3.20 5.86 20.79 31.58 Depreciation 18.9 15.9 68.6 60.5 EBIT 21.9 14.7 49% 71.2 17.4 308% Finance Cost 6.8 5.3 23.3 20.6 Profit before Tax 15.2 9.4 61% 47.9 -3.1 - Tax 2.9 2.3 12.3 0.4 PAT 12.3 7.1 73% 35.6 -3.5 - PAT Margin 10.6% 7.9% 8.9% -1.4% EPS (in Rs.) 2.28 1.36 6.74 -0.68 Figures in accordance with Ind AS 6 Go Fashion (India) Limited Balance Sheet EQUITY AND LIABILITIES (in Rs. Crore) 31-Mar-22 31-Mar-21 ASSETS (in Rs. Crore) 31-Mar-22 31-Mar-21 Non Current Assets Equity Property, plant and equipment 64.1 58.4 Share Capital 54.0 79.0 Capital work-in-progress 8.7 8.6 Other Equity 384.4 203.9 Intangible assets 0.4 0.5 Total Equity 438.4 282.9 Right-of-use assets 219.7 200.6 Liabilities Financial Assets Non Current Liabilities Other financial asset 24.0 23.7 Lease liabilities 177.7 217.3 Deferred tax assets (net) 11.4 7.6 Other non-current assets 6.1 4.3 Provision 2.9 2.1 Total Non-Current Assets 334.4 303.7 Total Non Current Liabilities 180.6 219.4 Current Assets Current Liabilities Inventories 165.9 80.9 Borrowings 0.0 10.4 Financial Assets Lease liabilities 72.1 4.6 Investments 45.9 46.4 Trade payables 17.7 10.7 Trade receivables 60.2 47.1 Other financial liabilities 3.2 3.4 Cash and cash equivalents 42.4 13.2 Bank balances other than cash and cash equivalents 63.4 26.5 Current tax liabilities (net) 4.7 1.8 Other financial asset 11.2 7.1 Other current liabilities 30.6 11.6 Current tax assets (net) 0.0 0.0 Provisions 3.9 3.4 Other current assets 27.9 23.3 Total Current Liabilities 132.2 46.0 Total Current Assets 416.9 244.6 TOTAL EQUITY & LIABILITIES 751.2 548.4 TOTAL ASSETS 751.2 548.4 Figures in accordance with Ind AS 7 Go Fashion (India) Limited Cash Flow Statement Cash Flow Statement (Rs. Crore) FY22 FY21 Net Profit Before Tax 47.9 -3.1 Adjustments for: Non -Cash Items / Other Investment or Financial Items 77.6 30.2 Operating profit before working capital changes 125.5 27.1 Changes in working capital -81.5 63.0 Cash generated from Operations 44.0 90.1 Direct taxes paid (net of refund) -11.0 -0.0 Net Cash from Operating Activities 33.0 90.1 Net Cash from Investing Activities -58.4 -47.5 Net Cash from Financing Activities 64.2 -37.1 Net Decrease in Cash and Cash equivalents 38.8 5.5 Add: Cash & Cash equivalents at the beginning of the period 2.8 -2.7 Cash & Cash equivalents at the end of the period 41.6 2.8 Figures in accordance with Ind AS 8 Go Fashion (India) Limited CEO’s Message Commenting on the Result, Mr. Gautam Saraogi, CEO, Go Fashion (India) Limited said, “Our Company has shown great resilience in FY22, and we have come out stronger than ever before. Even during the last quarter, despite facing CoVID related lockdowns in January, our revenues grew by 29% Y-o-Y led by high volume growth. For the quarter gone by, our volumes have increased by 11%. We have strengthened our portfolio by continually adding new products across all bottom wearcategories. With increased cost efficiencies, EBITDA and Profit after Tax have increased by 53% & 73% respectively to Rs. 38 crores and Rs. 12 croresforthe quarter. Our SSSG is 17% forthe quarter and 31% forthe secondhalf ofthe year. During FY22, the Company has added 54 EBO stores and we crossed the 500th store milestone during the last quarter. Keeping in line with our growth strategy to open more doors closer to the consumer, the company is pushing ahead with expansion. We continue to invest expanding our store foot-print across geographies by adding around 120-130 new stores every year. We are also looking at omnichannel engagements for a seamless consumer experience, building on a technology-drivengrowth strategy toreach consumersacross all cities. We continue to invest in brand-building initiatives which will help us to gain visibility and also to focus and grow our online sales channels to benefit from evolving customer trends in our market. We propose to make investments in digital channels for our customers and have a dedicated team for our e-commerce operations. We look forward to continuing our innovative and creative approach and launch more designs while providing more brand destinations for our consumers which will help us grow and gain market share in the coming years.” 9 Go Fashion (India) Limited About Us We are a one stop destination for ladies' bottom wear, a daily essential wear category with no seasonality Among the largest Women Bottom Wear Extensive sourcing and manufacturing Offers Products in ~8% network of 81 suppliers and 49 job- (WBW) brandsin India with >50 >120 styles in colours workers spread across 11 states and UTs market sharein brandedWBW Entire supply chain for all channels managed from 503 Customers catered primarily through Premium quality products at 99K sq. ft. warehouse in Tirupur, Tamil Nadu. End- EBOs spread across 23 states and UTsand affordable prices, 83.3% of to-end automation in inventory operations 1,473 LFSs across 31 states and UTs products retailed at < Rs. 1,049 resulting in optimal inventory management We are a Direct to Consumer Brand 11 Go Fashion (India) Limited Well Diversified Product Portfolio Ethnic Wear Western Wear Fusion Wear Athleisure Churidar Salwar Leggings Ponte Pants Jeggings Leggings Patiala Silk-Pants Cropped Jegging Track Pants Palazzos Track Pants Jeans Culottes Kurti-Pants Dhoti Pants Joggers Cargo Pants Treggings Harem-Pants From ₹ 599 to ₹ 1,399 (1) From ₹ 799 to ₹ 1,199 (1) Trousers Shorts From ₹ 599 to ₹ 1,599 (1) From ₹ 499 to ₹ 1,399 (1) Note: (1) Typical Range of Offering: Maximum Retail Price 12 Go Fashion (India) Limited Well Diversified Product Portfolio Denims Lounge Wear Go Plus Girls Wear Jeggings Pants Lounge Pants Churidars Leggings Pants Joggers Denim Culottes Lounge Knit Pants Leggings Jeggings Shorts Jeans Capris Lounge Capris Jeggings Palazzos Harem-Pants Denim Palazzos Lounge Shorts Pants Palazzos From ₹ 799 to ₹ 1,499 (1) From ₹ 449 to ₹ 949 (1) From ₹ 249 to ₹ 999 (1) From ₹ 599 to ₹ 1,599 (1) Note: (1) Typical Range of Offering: Maximum Retail Price 13 Go Fashion (India) Limited Standardized Store Designs and Layouts to Make Brand “Go Colors” Readily Identifiable EBO Stores + Airport Stores + LFS Stores 14 Go Fashion (India) Limited Our Key Strengths Multi-Channel, Pan-India Distribution Network with a Focus on EBOs, Enhancing Brand Visibility Among the Largest Women’s Bottom-Wear Brand in India with Well-Diversified & Differentiated Product Portfolio and First Mover Advantage Extensive Procurement Base with Highly Efficient and Technology-Driven Supply Chain Management Strong Unit Economics with an Efficient Operating Model In-House Expertise in Developing and Designing Products Demonstrated Track Record of Strong Financial Performance 16 Go Fashion (India) Limited Among the Largest Women’s Bottom-Wear Brand with a Well-Diversified Product Portfolio Covering the entire spectrum of women’s requirements across age- % Branded Women’s Bottom Wear Market groups and body-types (FY20) Brand SKUs Ethnic Western Athleisure Fusion Denim P P P P P 8% 728 9%  P   P Player A 800 P   P P Player B 700 10% P P  P  Player C 673  P   P Player D 656 P  P P P Player E 343 8% 66% Leadership position in women’s bottom-wear Category Ethnic Wear Western Wear Fusion Wear Athleisure Go Colors Key Ethenic Wear Brands Key Western Wear Brands Key Inner Wear Brands Denims Lounge Wear Go Plus Girls Wear Others Offers 50 bottom-wear styles in a range of >120 colours Go Colors offers products across multiple categories making its portfolio ‘universal’ & round-the-year for every occasion that is not subject to seasonal trends 17 Go Fashion (India) Limited Source: Technopak report. Direct to Consumer Brand with an Extensive Distribution Network across India EBO 284 Diversified presence across geographies 45 LFS EBO Stores 111 Stores 211 689 South 503 FY22 West 331 #EBO #LFS North 136 Leading Malls (174) 382 111 331 169 East 318 352 High Streets (329) 219 182 107 120 Cities Present 82 78 75 44 17 134 Top 2 Next Six Remaining Tier II Tier III Tier IV Cities Cities Tier I Cities Cities Cities Cities Large Format Stores Sales Mix (FY22) 45 284 1,473 136 169 3.9% N Number of EBO 20.2% EBOs N Number of LFS Online Cluster-based growth 3.1% LFS 57.46% MBO & Others 72.9% EBOs across 8 cities 211 689 As on 31stMarch 2022 18 Go Fashion (India) Limited Continuous Increase of EBO presence PAN India Total Cities 218 333 448 449 503 63 88 110 114 134 EBOs Present 54 134 503 1 115 66 20 42 -12* -41* 4 133 22 115 -18 25 130 63 218 -15 Focus on establishing additional EBOs across Tier 2 and Tier 3 cities Plan to expand by 120 – 130 EBO’s Deepen presence in existing geographies & every year grow our network in newer geographies PAN India FY18 FY19 FY20 FY21 FY22^ Total FY18 FY19 FY20 FY21 FY22 Total New EBO Stores Opened Closed during the period New Cities PAN India * Majority of stores closed down in FY21 and FY22 are due to CoVID impact 19 Go Fashion (India) Limited ^ FY22 stores are net of replacements Go Colors launched its 500th Store deepening its pan-India presence Launch of 500th Exclusive Brand Outlet (EBO) in the city of Pune. The store is located in SGS Mall, Pune. 20 Go Fashion (India) Limited Enhancing Brand Visibility and Recall Value of ‘Go Colors’ Brand Prudent use of resources to undertake brand- building initiatives and gain visibility One of the highest yield on Marketing Spend Among Peers 2.54% 1.86% 1.82% Rs. 79.1 of Revenue 1.26% on every rupee of Advertisement Spent Store at high footfall location 2019 2020 2021 FY22 with large external hoardings Outdoor marketing initiatives include Significant importance Situated in locations Go Colors utilizes its leveraging on digital marketing by with significant footfalls, EBOs as its primary advertisements through creating frequent increasing brand advertising channel large hoardings at consumer generated visibility and enhancing vantage points, bus content uploaded across brand equity and recall shelters and metro social media platforms pillars Standardized visual designs and layout of the store 21 Go Fashion (India) Limited Strong Unit Economics Leading to an Efficient Operating Model Efficient Space Utilization offers one of the highest sales per Healthy Same Store Sales Growth (in %) square foot in the industry 31.0% 20.0% Average Store Size (Sq. ft.) Average Selling Price* Present across 17.0% 11.4% 300 - 500 Rs. 661 134 cities FY19 FY20 Q4FY22 H2FY22 Average Investments for 1 EBO store Payback Period SSSG for FY21 & FY22 is not comparable due to CoVID related lockdowns Rs. 35 Lakhs 15 – 18 months Full Price Sale (% of EBO Sales) • Store location and size optimized, ensuring the sustainability of store profitability 95.6% 97.9% 97.0% 82.9% • Ability to identify the stores at the right location and limited store closures resulted in healthy SSSG • Product portfolio resistant to redundancy from vagaries of fashion trends and seasonality (round-the-year relevance) • Given that bottom-wear is a ‘core essential’, demand for our products is consistent which FY19 FY20 FY21 FY22 results in limited discounting and higher full-price sales * ASP is for FY22 22 Go Fashion (India) Limited Extensive Procurement Base with Highly Efficient and Technology-Driven Supply Chain Management Outsourced Manufacturing Sourcing Team ➢ Sourcing team closely monitors suppliers and provides strict quality ➢ Manage an extensive sourcing network to support product assurance analysis development teams ➢ Regular inspections of fabrics sourced from suppliers helps consistently ➢ 81suppliers and 49 job-workers spread across 11 states and UTs maintain product and service quality ➢ Longstanding relationship with suppliers and job-workers ➢ Stringent norms of quality assurance at various levels through quality control mechanisms ➢ Work closely with suppliers, supervising manufacturing and conducting inspections for quality checks ➢ Track suppliers’ capacity and output to ensure production requirements are met and finished products are procured in a timely manner Centralized Warehouse Supply Chain Automation ➢ Inventory, logistics and entire supply chain for all channels managed ➢ Entire procurement and supply chain operation automated through ERP from warehouse in Tirupur, Tamil Nadu system ➢ Warehouse spread over >99k square feet ➢ Helps maintain flexibility while meeting requirements in an efficient manner without relying on any one vendor, supplier or factory ➢ Implemented end-to-end automation in inventory operations resulting ➢ Procurement needs streamlined avoiding over or under-stocking in seamless and optimal inventory management ➢ SCMS & internal controls minimize product shortage and occurrence of ➢ Implemented business intelligence tool for inventory optimization, out-of-stock events enabling efficient operations and high productivity avoiding stock-out and ensuring sufficient supply at stores 23 Go Fashion (India) Limited In-House Expertise in Developing and Designing Products Forecasting • Concept development and trend forecasting to develop new styles and products • Participate in fairs or exhibitions in India or abroad to better understand trends • Address evolving market trends and customers’ preferences In-House Design • Skilled team of 10 in-house designers and merchandisers • Focus on creating quality products with innovative designs and optimal fit / sizing • Products designed keeping in mind trends in fashion, fabric, textiles, wear ability, stitch and pricing • Products designed for every occasion including for daily wear, office wear, festive, denim and lounge wear Data Analytics • Product launches based on ERP generated business intelligence reports • Research and data-driven design process • Product design and development based on market research and customer feedback 24 Go Fashion (India) Limited Management Team Mr. Prakash Kumar Saraogi Mr. Gautam Saraogi Mr. R Mohan Managing Director Executive Director and CEO Chief Financial Officer • Promotor of Go Fashion (India) Limited • Chartered accountant by profession and has been associated with our Company since 2019 • Promotor of Go Fashion (India) Limited • >10 years of experience in consumer retail, marketing, brand building and garment manufacturing • Holds a bachelor’s degree in commerce from Bharathiar • >28 years of experience in garment University and is a member of the ICAI since 1991 manufacturing, the fashion industry, and retail • Holds a bachelor’s degree in commerce from University industry of Madras and an executive diploma in marketing • Served as the chairman of the Coimbatore Branch of management from Loyola Institute of Business Institute of Chartered Accountant India from 2000 to 2001 • Holds a bachelor’s degree in chemical Administration, Chennai engineering from Anna University, Chennai • Member of economic affairs and taxation panel of • Has received a token of appreciation for his Confederation of Indian Industry, Coimbatore from 2016 contribution to the Chennai Retail Summit 2018 to 2017 25 Go Fashion (India) Limited Company Strategies 1 Continue to Expand Retail Network with a Focus on EBOs 2 Grow Sales Through Online Channel Leverage Technology to Bring Cost Efficiency and 3 Enhance Customer Experience 4 Leverage Leadership Position in Women’s Bottom-Wear 26 Go Fashion (India) Limited 1. Continue to Expand Retail Network with a Focus on EBOs Growth Strategies Grow network in existing Add additional stores in Follow the COCO Model Focus on establishing Selectively expand geographies i.e., deepen the north and east to ensure better additional EBOs across presence across LFS penetration in south and regionswith a focus on operational control Tier 2 and Tier 3 cities PAN India west regions developing presence Plan to expand by 120 – 130 EBO’s every year Increased Cash Flow Leading to a Healthy & 1 EBO Store generation through Increased Revenue Sustainable Business through EBO’s increasing revenues No external Model Average Investment from EBO’s funding required Rs. 35 Lakhs for growth in ~80% Revenues business for through EBO’s in the Payback period coming years coming few years Reduced Debtor Days Increased Profitability 15 – 18 months & Working Capital + Better Return Ratios Requirement 27 Go Fashion (India) Limited 2. Growth through Online Channel E-retail in India has witnessed rapid growth and is expected to reach ₹ 7.8 trillion by FY25 growing at 23% CAGR (1) COVID-19 induced a Growth in Higher discounts Increased internet Increased smart Convenient payment faster pace of through online India E-tailing penetration phone usage & return policies adoption of online channels purchase Sales from online channels for Go Fashion is Rs. 12.3 crores in FY22 (3.1% of Sales) Growth Strategies Build an omni-channel Invest in content Increase online Further strengthen Dedicated team Create personalized engagement generation to build presence by online sales channels for e-commerce journeys for experience for engagement with a improving and through investments operations customers customers younger audience upgrading website in digital channels Note: (1) FY20-FY25 28 Go Fashion (India) Limited Source: Technopak Report 3. Leverage Leadership Position WBW market expected to grow at 12.4% CAGR reaching Branded women’s bottom-wear market expected to see continued high Rs. 243 Bn by FY25 growth in future (INR Cr) (INR Cr) 9.6% 24,315 +12.2% 8.3% 11,379 13,547 7.6% +12.4% 24,315 7,723 4,471 +11.9% 1,521 13,081 9,076 13,547 6,202 7,723 2015 2020 2025 Unbranded Branded 2015 2020 2025 From 2020-25 Share of Branded WBW expected to Grow at % of Women’s Apparel Market Women Bottom Wear Market 20.5% CAGR v/s 7.4% CAGR of Unbranded WBW Segment Go Colors has the early mover advantage in exclusive bottom-wear category with 8% market share Scope for Expansion With relatively low organized / branded Shift from unorganized to organized sector WBW is a horizontal category enabling multiple penetration and modern women’s growing Positioned to benefit from growth given the extensions and new products disposable income, branded WBW market is fragmented nature of the industry Expand into loungewear, a work-from-home expected to reach Rs. 114 billion in FY25 collection, athleisure and other new products in the ethnic, western and fusion wear segments Source: Technopak Report 29 Go Fashion (India) Limited 4. Leverage Technology Leverage Technology to Bring Cost Efficiency and Enhance Customer Experience Expand and upgrade warehouse to optimize inventory and supply management Strategically expand warehouse operations and Invest in IT infrastructure to improve implement new technologies to improve customer productivity and time savings buying experience with faster dispatches Undertake data analytics to better Improve operating efficiency and understand customer preferences, ensure efficient supply chain improve sales and scale operations management through global best practices 30 Go Fashion (India) Limited Awards & Accolades 2016 2019 2019 ‘Images Retail Award’ Transforming India Retail Award ‘Sustaining Enterprise of the Year’ Most admired retailer of the year – Concept at the TIECON, Chennai Stores 31 Go Fashion (India) Limited Historical Profit & Loss Account Statement Particulars (in Rs. Crore) 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19 Total Revenue 401.3 250.7 392.0 285.2 Cost of Materials Consumed 135.5 92.2 130.0 94.5 Subcontracting Charges 24.8 11.8 27.6 20.5 Gross Profit 241.1 146.7 234.5 170.3 Gross Margin 60.1% 58.5% 59.8% 59.7% Employee Cost 73.1 61.5 62.0 42.0 Other Expenses 49.0 38.9 46.0 48.4 EBITDA 119.0 46.3 126.5 80.0 EBITDA Margin 29.7% 18.5% 32.3% 28.0% Other Income 20.79 31.6 4.8 5.7 Depreciation 68.6 60.5 46.6 32.1 EBIT 71.2 17.4 84.8 53.6 Finance Cost 23.3 20.6 16.5 11.4 Profit before Tax 47.9 -3.2 68.3 42.2 Tax 12.3 0.4 15.7 11.3 PAT 35.6 -3.6 52.6 30.9 PAT Margin 8.9% -1.4% 13.4% 10.8% EPS (in Rs.) 6.74 -0.68 10.08 5.93 Figures in accordance with Ind AS 33 Go Fashion (India) Limited Historical Balance Sheet Statement EQUITY AND LIABILITIES (in Rs. Crore) 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19 ASSETS (in Rs. Crore) 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19 Non Current Assets Equity Property, plant and equipment 64.1 58.4 60.3 47.3 Share Capital 54.0 79.0 79.0 79.0 Capital work-in-progress 8.7 8.6 8.1 2.0 Other Equity 384.4 203.9 207.3 149.3 Intangible assets 0.4 0.5 0.7 0.5 Total Equity 438.4 282.9 286.3 228.3 Right-of-use assets 219.7 200.6 194.7 137.7 Liabilities Financial Assets Non Current Liabilities Other financial asset 24.0 23.7 20.3 17.9 Lease liabilities 177.7 217.3 179.4 144.0 Deferred tax assets (net) 11.4 7.6 5.6 3.2 Other non-current assets 6.1 4.3 1.3 0.2 Provision 2.9 2.1 1.4 0.7 Total Non-Current Assets 334.4 303.7 291.0 208.8 Total Non Current Liabilities 180.6 219.4 180.9 144.8 Current Assets Current Liabilities Inventories 165.9 80.9 105.9 69.5 Borrowings 0.0 10.4 2.8 8.3 Financial Assets Lease liabilities 72.1 4.6 27.4 1.5 Investments 45.9 46.4 8.9 23.5 Trade payables 17.7 10.7 10.5 13.8 Trade receivables 60.2 47.1 55.6 40.1 Other financial liabilities 3.2 3.4 2.9 1.6 Cash and cash equivalents 42.4 13.2 0.1 10.6 Bank balances other than cash 63.4 26.5 32.4 33.0 Current tax liabilities (net) 4.7 1.8 0.0 0.0 Other financial asset 11.2 7.1 5.5 1.8 Other current liabilities 30.6 11.6 5.3 4.9 Current tax assets (net) 0.0 0.0 1.8 1.5 Provisions 3.9 3.4 3.2 1.0 Other current assets 27.9 23.3 18.0 15.5 Total Current Liabilities 132.2 46.0 52.0 31.0 Total Current Assets 416.9 244.6 228.2 195.3 TOTAL EQUITY & LIABILITIES 751.2 548.4 519.2 404.1 TOTAL ASSETS 751.2 548.4 519.2 404.1 Figures in accordance with Ind AS 34 Go Fashion (India) Limited Demonstrated Track Record of Strong Financial Performance Robust, organic revenue growth… …with exceptional Gross margins … and tight operational control leading to high EBITDA margin (INR Crs.) (INR Crs.) (INR Crs.) 59.7% 59.8% 58.5% 60.1% 28.0% 32.3% 18.5% 29.7% +37% 392 401 +38% +58% 285 251 234 241 127 119 170 147 80 46 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 Steady growth in net profits… … and best-in-class return metrics Reasonable cash conversion… (INR Crs.) 10.8% 13.4% -1.4% 8.9% 166 18.4% 18.1% 14.4% 13.6% 106 11.5% +70% 90 53 81 8.1% 69 57 36 31 3.4% 33 33 Mar-19 Mar-20 Mar-21 Mar-22 -1.3% -4 Mar-19 Mar-20 Mar-21 Mar-22 FY19 FY20 FY21 FY22 Inventory Cash Flow from Operations RoE RoCE Note -FY21 & FY22 Financials Impacted on account of CoVID-19 induced lockdowns 35 Go Fashion (India) Limited THANK YOU Company: Go Fashion (India) Limited Investor Relations: Strategic Growth Advisors (SGA) CIN: L17291TN2010PLC077303 CIN: U74140MH2010PTC204285 Mr. R Mohan – CFO Mr. Deven Dhruva mohan@gocolors.com deven.dhruva@sgapl.net Tel: 044 4211 1777 Tel: +91 98333 73300