NITINSPIN

,.ffi,rrk., Nrtru LrP { t--'i; SprwNERs a ?esled t+r hatmful $ut,slfinces occording ln oeko-Ter€ Slqndord 100 tvr.Tr^/- REF: NSL/SG 12022-231 Date: 08.L1.2O22 National Stock Exchange of lndia Ltd' BSE Ltd. Phi rozeJeejeebhoY Towers Exchange Plaza, C-1, Block G, BandraKurla ComPlex, Dalal Street Bandra (E), Mumbai- 400 001 Mumbai- 400 051. CompanY Code - 532598 Company lD - NITINSPIN Its and Half Y I nt to Iuli SEBI (Lisli 3oth ona Dear Sir/ Madam, pursuant to the provisions of Reguration 30 of the sEBr (Listing obrigation and Disclosure Requirements) Regulations 20t5, please find attached copy of lnvestors' Presentation on the Financial Results for Quarter and Half Year ended 30th September' 2022' The same is also available on the website of the company www.nitinspinners.com. This is for your information & records please' Thanking you, Yours faithfullY, For-Nitin SPinners Ltd. Sudhir Kumar Digitally signed by Sudhir Kumar Garg Garg Date: 2022.11.08 17:48:13 +05'30' (SudhirGarg) Compah'YSecretary & GM (Legal) M.No. ACS 9684 Encl. a/a ClN. : L17 11'1 RJ1 992PLC006987 Office & Plant : 16-17 Km. Stone, Chittor Road, Hamirgarh, Bhilwara (Raj.) 311 025 Tel. :286110 to113, Fax :91-1482-286114 &117 o E-mail : nsl@nitinspinners.com, Website : www.nitinspinners.com A S WOR U LD'S P FINES I T M COTT A ONS V I o i t , o , " . o " ii o " iv g r, r " - o * - , " , n \ t / J l i M s ' n f a o l " o ta , g r ," , e r , m o " e , r ^ t , t " r \ r \ o / ! J i H 9 i , r : ' t : s & 1 ti A , : p ? l , S , ' i l' o l : t i: " 1 , ; , t i ^ . 7 . \ \ E E i n Br M M "S a S " r ' a ,", g r, o o r r e ' "y \s / / a n" ' s r o o s o u o o r c - ' r z o A o ' l r+ US COTTON USA Safe Harbour Thispresentation andthe accompanyingslides (the “Presentation”), whichhavebeenpreparedbyNitin Spinners Limited (the “Company”),havebeenprepared solelyfor information purposes anddonot constitute anyoffer,recommendation or invitation to purchase or subscribefor anysecurities, and shall notform thebasisorberelied on inconnection withany contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed informationabouttheCompany. 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 Presentationisexpresslyexcluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets,theperformanceoftheindustryinIndiaandworld-wide,competition,thecompany’sabilitytosuccessfullyimplementitsstrategy,theCompany’sfuturelevelsofgrowthand expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation.TheCompanyassumesnoobligationtoupdateanyforward-lookinginformationcontainedinthisPresentation.Anyforward-lookingstatementsandprojectionsmadeby thirdpartiesincludedinthisPresentationarenotadoptedbytheCompanyandtheCompanyisnotresponsibleforsuchthird-partystatementsandprojections. 2 Production and Sales Volumes Yarn (MT) Knitted Fabrics (MT) Woven & Finished Fabric (Mn Mtrs) 36,169 4,378 13.68 12.90 n 29,021 11.80 o it c 9.52 u d o 18,450 2,378 2,202 r P 6.68 6.73 12,330 5.69 4.95 547 Q2FY23 Q2FY22 H1FY23 H1FY22 Q2FY23 Q2FY22 H1FY23 H1FY22 Q2FY23 Q2FY22 H1FY23 H1FY22 Woven Fabric Production (Greige) Finished Fabric Production 26,032 4,326 13.11 11.34 20,120 e m u lo V 13,208 2,391 2,310 6.82 s 5.95 e 8,867 la S 765 Q2FY23 Q2FY22 H1FY23 H1FY22 Q2FY23 Q2FY22 H1FY23 H1FY22 Q2FY23 Q2FY22 H1FY23 H1FY22 4 Financial Highlights (Rs. in Crores) Revenue from Operations EBITDA PAT 11.2% 26.7% 13.6% 25.1% 5.7% 13.1% 7.8% 14.8% 1,215 1,218 306 147 95 177 87 665 166 506 57 29 Q2FY23 Q2FY22 H1FY23 H1FY22 Q2FY23 Q2FY22 H1FY23 H1FY22 Q2FY23 Q2FY22 H1FY23 H1FY22 5 Revenue Break-Up Product-wise Revenue Distribution Others Woven Fabrics Knitted Fabrics Yarn (Rs. in Crores) (in %) 127 FY20 151 1,055 1,438 FY20 7% 9% 11% 73% 106 FY21 105 241 183 1,095 1,624 FY21 6% 15% 11% 67% FY22 134 387 293 1,878 2,692 FY22 5% 14% 11% 70% H1FY23 73 254 96 792 1,215 H1FY23 6% 21% 8% 65% Increasing share of Fabricsin Overall Portfolio Consistent improvement in Woven Fabricssales 6 Revenue Break-Up Geographical Revenue Distribution Domestic Export (Rs. in Crores) (in %) FY20 655 783 1,438 FY20 45% 55% FY21 608 1,016 1,624 FY21 37% 63% FY22 739 1,953 2,692 FY22 27% 73% H1FY23 546 669 1,215 H1FY23 45% 55% 7 Profit and Loss Statement Particulars (Rs. Crores) Q2FY23 Q2FY22 YoY Q1FY23 QoQ H1 FY23 H1 FY22 YoY Total Revenue 505.88 664.67 -24% 708.83 -29% 1214.71 1218.31 0% Cost Materials Consumed 343.72 366.15 539.29 883.01 693.23 Change in Inventories 3.13 -12.10 -73.85 -70.72 -53.24 Total Overheads 346.85 354.05 -2% 465.44 812.29 639.99 Gross Margin 159.03 310.62 -49% 243.39 -35% 402.42 578.32 -30% Gross Margin (%) 31.44% 46.73% -1530bps 34.34% -290bps 33.13% 47.47% Employee Expenses 29.28 32.32 34.84 64.12 65.44 Other Expenses 72.73 100.84 99.61 172.34 206.81 EBITDA 57.02 177.46 -68% 108.94 -48% 165.96 306.07 -46% EBITDA Margin (%) 11.27% 26.7% -1543bps 15.37% -410bps 13.66% 25.12% -1146bps Depreciation 21.90 21.80 21.78 43.68 44.04 Other Income 0.84 0.66 0.82 1.66 0.88 EBIT 35.96 156.32 -77% 87.98 -59% 123.94 262.91 -53% EBIT Margin (%) 7.11% 23.5% 12.41% 10.20% 22.89% Finance Cost 8.53 14.16 11.46 19.99 27.86 Profit Before Tax & Exceptional items 27.43 142.16 -81% 76.52 -64% 103.95 235.05 -56% Exceptional items 0.00 4.54 0.00 0.00 4.54 Profit Before Tax 27.43 137.62 -80% 76.52 -64% 103.95 230.51 -55% Profit Before Tax% 5.42% 20.71% 10.80% 8.56% 21.66% Tax -1.68 50.22 10.94 9.26 83.10 Profit After Tax 29.11 87.40 -67% 65.58 -56% 94.69 147.41 -36% PAT Margin (%) 5.75% 13.1% -740bps 9.25% -350bps 7.80% 14.84% -704bps EPS (As per Profit after Tax) 5.18 15.54 -67% 11.66 -0.56 16.84 32.16 -48% Cash EPS 9.07 19.42 -53% 15.54 -0.42 24.61 39.99 -38% 8 Balance Sheet Statement Assets (Rs. Cr.) Sept-22 Mar-22 Equity & Liabilities (Rs. Cr.) Sept-22 Mar-22 Non-current assets 1,102.75 1,070.10 EQUITY 955.46 875.81 Property, Plant and Equipment 967.62 1,010.63 Equity Share Capital 56.22 56.22 Other Equity 899.24 819.59 Capital work-in-progress 51.33 0.08 Non-Current Liabilities 486.38 537.25 Intangible Assets 1.03 1.25 Financial Liabilities Other non-current assets 82.77 58.14 (i) Borrowings 373.98 407.19 Current assets 638.87 754.27 (ii) Other Financial Liabilities 0.00 Inventories 356.41 406.29 Deferred Tax Liabilities (Net) 107.70 125.12 Financial Assets Provisions 4.70 4.94 (i) Trade receivables 220.95 240.68 Current liabilities 299.78 411.31 Financial Liabilities (ii) Cash and cash equivalents 8.05 0.26 (i) Borrowings 203.19 281.36 (iii) Bank balances other than (ii) 1.65 0.35 (ii) Trade Payables 46.05 82.09 (iv) Other Financial Assets 0.18 2.32 (iii) Other Financial Liabilities 36.79 17.68 Current Tax Asset (Net) 0.00 0.00 Other Current Liabilities 7.05 17.81 Provisions 0.54 0.55 Other Current Assets 51.63 104.37 Current tax liabilities (net) 6.16 11.82 TOTAL 1,741.62 1,824.37 TOTAL 1741.62 1824.37 9 Cash Flow Statement Particulars (Rs. Crores) H1FY23 H1FY22 Operating profit before working capital changes 168.85 306.8 Changes in working capital 77.57 30.5 Cash generated from Operations 246.42 337.3 Direct taxes paid (net of refund) -20.57 -30.3 Net Cash from Operating Activities (A) 225.85 307.0 Net Cash from Investing Activities (B) -72.65 -26.8 Net Cash from Financing Activities (C) -145.41 -264.2 Net change in Cash & Cash Equivalents 7.79 16.0 10 Pursuing Sustainable Growth Capacity expansion at a total project cost of ~Rs. 955 crores Existing Production Proposed Production On The Path of Growth Capacity Capacity Capacity expansion across all the segments –Spinning, Knitting, weaving and Finishing 40 Strengthen company’s market position and widen the product portfolio 30 Increase our presence in cotton blended Yarns and FY24 E FY22 fabrics 11 9 75 Capture the benefit of growing market opportunity in 110 international as well as domestic markets Eligible for Interest Subsidy and other benefits under Rajasthan Investment Promotion Scheme (RIPS) Spinning (TPA) in Thousand Knitted Fabrics (TPA) in Thousand Woven Fabrics (Mtrs) in millions Benefit of competitive cost advantage and economies of scale Addition of 1.55 lac equivalent spindles thereby increasing total number of equivalent spindlage from ~3.32 lac to ~4.87 lac (Spindles & Rotors) along with additional capacities of Expansion plans are progressing as per schedule knittingandweaving 11 Way Forward TOPLINE GROWTH GEOGRAPHICAL EXPANSION Strive to maintain topline growth Continue to innovative and momentum by optimizing explore newer markets across capacity utilisation the geographies VALUE ADDED PRODUCTS DE-BOTTLENECKING FACILITIES Look forward to enhance value- Focus on debottlenecking our added products in our portfolio and existing manufacturing facilities to continue to yield higher profitability increase the production base 12 Company Overview India’s Leading manufacturer of Cotton & Blended Yarn, Knitted Fabrics, Greige & Finished Woven Fabrics Integrated operations with focus on: Established in 1992 ✓ Value addition Headquartered in ✓ Diversified product range Bhilwara (Rajasthan) ✓ Cost efficiency ✓ Quality ✓ Customer service Plants located at Bhilwara & Chittorgarh, Global Presence Rajasthan Across 50+ countries Experienced promoters and key FY22 Revenue executives Rs. 2,692 Crs Over 5,000+ Employees 73% Exports 27% Domestic Strategically enhanced production capacities Spindles Rotors Yarn Knitted Fabric Finished Woven Fabrics 307,344 3,488 AirjetWeaving Circular Knitting Annual Production Capacity Machine Machine 168 63 75,000 8,500 30 Tons Tons mn Mtrs 14 Two Decades And Counting… 1993 1999 2002 Commenced Operations With Total Installed Rotors Reached Ventured into Ring Spinning Open-End Spinning -Installed 1,464 by Installing 14,112 Spindles 384 Rotors with an Forward Integration into Investment of Rs. 3 Cr Knitted Fabric by Installing 7 Knitting Machines 2008 2007 2006 2005 Completed Expansion Maiden Public issue - Ring Spinning Capacity Expansion of Open-end Spinning Program by Installation of Listed on BSE & NSE – Doubled to 27,216 by Installation of 2,000 Rotors 50,400 Spindles, 12 Knitting Over-Subscribed 22 Times Spindles and Knitting Machines Machines to 15 Nos 2015 2017 2020 2022 Expansion of Spinning & Completed Spinning Expansion Completed Integrated Textiles Complex at Added 7,296 Spindles in June, Knitting Capacity by By Adding 72,960 Spindles and Begun District, Chittorgarh, by setting up 2021 Installing 72,480 Spindles 14 Knitting Machines Taking Total 76,992 Spindles for manufacturing Cotton Announced ~Rs.955 crs. worth & 18 Knitting Machines Spindles to 2,23,056, 2,936 and Blended Yarns, 552 Rotors for Blended expansion plans across all the Rotors and 63 Knitting Machines Open end Yarn, 168 Air-Jet Weaving segments Machines along with facilities for Dyeing, Printing and Finishing of Fabrics 15 Wide Product Range & End-User Application Yarn Knitted Fabric Finished Woven Fabrics The threads produced in our manufacturing Complete range of Dyed and Printed Fabrics Recognized worldwide as the industry leader unitareconvertedintohighqualityGreyFabrics made out of 100% Cotton and Blends for for spun yarns, we have enhanced the to meet the rising demand of knitted fabrics in Fashion, Apparel and Workwear industry in spinning process at every stage of yarn the global apparel industry. We offer fabrics in differentFinishesandStretchwear manufacturing process by investing in greige form in tubular and open width in cutting-edgetechnologyandinnovation. differentdiametersandgauges Offerings 100% Cotton, Cotton Spandex Fabrics. Single Jersey 100% cotton and blendedRing spun Poly/Cotton, Poly/Cotton Spandex Fabrics. Open width with Elastene combed and carded yarns RFD, Bleached, Dyed, Print and Yarn Dyed Fabrics 3 t fleece Open end yarns with Various Special Finishes like, Teflon, Wrinkle Interlock Compact yarns Free Rib etc Slubyarns Water Repellant, Nano Care, Soil Release, Anti Core spun yarns Bacteria Finish, Aero Finish, Bio Polish etc. Multifoldyarns Various Weaves -Twills, Gabardines, Broken Twill, Yarns made from SupimaGiza, Organic, Ripstop, Canvas, Mattie’s, Ducks, Plain Tussor, BCI cotton etc Dobby, Cord ,Ottoman, etc. Yarns made from Recycled fibres Health & Eco –Friendly Fabrics made from Count range 6 to 100s BCI/Organic Cotton End-User Applications 16 Fully equipped to add customer value Focus on sustainable products and processes Strong R&D to ensure international quality Increasingly offering products made Well equipped R&D facility and pilot from Sustainable fibreslike Organic and plants to offer wide range of samples BCI cotton, Recyledfibres R&D for developing value-added Promoting use of green power products has led to value creation for both global and domestic client base Management team Versatile product mix & innovative offerings Highly qualified promoters and management team Offering complete range of products that fulfills the wide end industry needs and State of Art Fabric Designing facilities helps to develop innovative design Preferred international supplier We aim to become an Integrated Textiles manufacturer by Forward and Vertical Distinctly differentiated brand image integration Extensive Distribution Network Strong International Presence with long Cost efficient operations term relationships with customers Provide superior products with Efficient Project Execution of large competitive prices projects leading to savings in capital cost and faster utilization of assets Manufacturing plants located on the Strong financial position national highways in cotton growing belt Prudent Financial Management and and in proximity to major ports giving strong balance sheet position logistics and cost advantages 17 Historical Financial Highlights (Rs. in Crores) Revenue from Operations EBITDA PAT 2,692 652 326 +24% +43% +58% 1,624 1,438 1,243 1,145 257 155 178 170 64 69 52 24 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 ROCE ROE Net Worth 36% 37% 876 563 483 494 417 12% 11% 13% 13% 12% 9% 6% 5% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 18 Accreditations The company is having all quality certification Our Quality Certifications as per International Standards The company has also been certified by OEKOTex, Global Organic Textile Standard (GOTS) which prescribes standards for the processing of fibresfrom certified organic agriculture The Company is certified with GRS, for use of recycled fibers The company has also been authorized to use the SUPIMA trademark, Cotton USA, which also certifies that Company is purchasing, consuming or using yarn or fabric made from America Pima cotton that is grown in the United State of America 19 CSR & Sustainability Initiatives Construction of Promoting education of Construction of toilets as Contribution towards Contribution to Installation of energy- Women hospital in differently-abled a part of Swachh Bharat COVID relief Confederation of Textiles efficient equipment Bhilwara children, construction of Abhiyan Rural development industries (CTI) for Zero liquid discharge Installation of Solar rooms in school activity by cotton development and system through Rooftop system in construction of roads research reutilization of Hostel Building drainage system wastewater Installation of Solar power plants 20 Awards and Recognitions TexprocilAwards Other Recognitions Gold Trophy for the highest export performance in Cotton Yarn - ConferredwithRajasthanEnergyConservationAwardandwonfirst Counts 51s & above under Category I for the year 2020-21, 2019-20 prize in large scale spinning for the years 2014-15 and 2015-16 and andsilverplaquefortheyear2018-19 secondprizein2017-18and2018-19 Silver Trophy for the second highest export performance in Cotton Yarn- Counts50s&belowunder Categorylllforthe year 2019-20 and StateAwardfor“ExcellenceinExports”fortheyears2007-08,2010- bronzetrophyundercategoryIIfortheyear2015-16 11,2013-14and2016-17bytheGovernmentofRajasthan Gold Trophyfor thehighest export performance in Greyfabrics- under CategoryIIfortheyear2020-21 SilverTrophyforSecondHighestExportsinthecategoryofGreyFabrics fortheyears2006-07, 2007-08and2017-18 andBronzeTrophyforthe years2010-11, 2014-15and2015-16. 21 For further information, Please Contact: Company: Investor Relations Advisors: CIN: U74140MH2010PTC204285 CIN: L17111RJ1992PLC006987 Ms. Manasi Bodas / Ms. Shikha Puri Mr. P Maheshwari- CFO manasi.bodas@sgapl.net / shikha.puri@sgapl.net pmaheshwari@nitinspinners.com +91 98210 43510/ +91 9819282743 www.nitinspinners.com www.sgapl.net pmaheshwari@nitinspinners.com www.nitinspinners.com 22