PAGEIND

10 February 2022 The Secretary The Secretary Corporate Relationship Dept. National Stock Exchange of India The Bombay Stock Exchange Limited 1st Floor, New Trading Ring Exchange Plaza Rotunda Building Bandra Kurla Complex Phiroze Jeejeebhoy Towers Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Dear Sir, Sub: Press Release & Investor Presentation - Reg We herewith enclosed the Press Release and Investor Presentation for the Quarter ended 31 December 2021. This is for your information and records. Thanking you, Yours truly, For Page Industries Limited Murugesh C Company Secretary Encl: as above For Immediate Release All-time-high Revenues and PAT with increasing market presence Bengaluru, India – 10th February 2022: Page Industries, India’s leading apparel manufacturer, announced its financial results for the quarter and nine months ended 31st December 2021 today. Financial Highlights for Q3FY22 • Revenue at Rs. 11,898 million, up 28.3 % YoY • EBITDA margin at 21.1 %, while at par with 21.5% QoQ, compares with 24.4% YoY, due to raw material prices • Reported Profit After Tax at Rs. 1,746 million; up 13.6 % YoY. PAT margin at 14.7 % • Cash and cash equivalents at Rs. 5,560 million, up 13 % YoY. Liquidity continues to remain strong with robust cash flow management we remain confident to deliver on the long-term growth prospects of the company. Financial Highlights for 9MFY22 • Revenue at Rs. 27,754 million, up 42.2% YoY. Sales momentum has picked up significantly during FY22 • EBITDA margin at 18.7 %, compared with 18.3% YoY • Reported Profit After Tax at Rs. 3,460 million; up 53.8 % YoY. PAT margin at 12.5 % Commenting on the results, Managing Director, Mr. Sunder Genomal said, “As we announce yet another best quarter with our highest-ever revenue and PAT, I am pleased to share that the sales momentum has picked up significantly across all our product categories backed by expansion in our portfolio and existing network. We are well poised on a growth trajectory and remain optimistic on delivering sustainable growth over the long-term. E-commerce continues to witness an increasing trend and our investments in warehousing, technology and logistics support helped not only in strong execution but also in delivering profitable growth. With a strong and proven business model, wide product portfolio, efficient financial management and a very loyal customer base, we remain committed to continue creating value for our stakeholders.” Page Industries Limited Registered Office: Cessna Business Park, Tower-1, 7th Floor, Umiya BusinessBay, Varthur Hobli, Outer Ring Road, Bengaluru, 560103 Tel: 080 - 4945 4545 | CIN: L18101KA1994PLC016554 1 About Page Industries Limited Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India. Jockey is the company’s flagship brand and a market leader in the premium innerwear and leisure wear category. The brand is distributed in 2,850+ cities & towns and available in 105,000+ Multi Brand Outlets, 1,030+ Exclusive Brand Outlets (EBO) with extensive presence in 2600+ Large Format Stores, as also online. The company also has 7 EBOs outside India. Speedo brand is available in 1,340+ stores, 26+ EBOs and 12+ Large Format Stores, spread across 90+ cities. For further information, please visit www.jockeyindia.com Investor Contact – investors@jockeyindia.com Disclaimer: Certain statements that may be made or discussed in this release may be forward-looking statements and/or based on management’s current expectations and beliefs concerning future developments and their potential effects upon Page Industries and its associates. The forward-looking statements are not a guarantee of future performance and involve risks and uncertainties and there are important factors that could cause actual results to differ, possibly materially, from expectations reflected in such forward-looking statements. Page Industries does not intend, and is under no obligation, to update any forward-looking statement made in this release. Page Industries Limited Registered Office: Cessna Business Park, Tower-1, 7th Floor, Umiya BusinessBay, Varthur Hobli, Outer Ring Road, Bengaluru, 560103 Tel: 080 - 4945 4545 | CIN: L18101KA1994PLC016554 2 PERFORMANCE HIGHLIGHTS Q3FY22 FEBRUARY 10, 2022 SAFE HARBOUR STATEMENT This presentation, by Page Industries Limited (the “Company”), has been prepared solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities. 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 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 relevant. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation updated as on February 10, 2022 may contain 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, economic growth in our markets, ability to attract and retain highly skilled professionals, our ability to manage our operations, government policies and actions, 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. 2 CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES COMPANY OVERVIEW • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 3 PAGE INDUSTRIES: VISION & MISSION STATEMENT MISSION To be the largest and most MISSION profitable premium innerwear and athleisure brand within To be the number one swim- men, women and kids wear brand in our licensed segments in our licensed markets markets VISION To satisfy the human need for VISION comfort; by ensuring our consumers always get the To inspire people to swim; most comfortable and with Speedo innovative products at the best possible quality and value for money 4 PAGE INDUSTRIES: AT A GLANCE Leading player in Highly Experienced Production Capacity PAN India Presence Strong Financial Premium Innerwear Professional 260 mn pieces 1,05,200+ Retail Network Performance and Athleisure Management market supported by 15 manufacturing units 1,030+ Exclusive Business Outlets (EBO’s) Healthy ROCE 55% 26,250+ Employees Strong backward 2,660+ Large Format Stores (LFS) Debt Free 81% Women Employees integration & E-Commerce • Jockey is world’s best-loved and most recognisable brand. Active in more • Speedo International Ltd. is a manufacturer and distributor of swimwear and than 120 countries swimming accessories based in Nottingham, UK • Exclusive licensee of JOCKEY International Inc. (USA) for manufacture, • Exclusive licensee of Speedo International Ltd. for manufacture, distribution distribution and marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, and marketing in India Qatar, Maldives, Bhutan and UAE • Products include Swimwear, Equipment, Water shorts, Apparel and Footwear • Products include Innerwear, Athleisure, Socks for Men and Women, Thermal, Towels, Handkerchief, Caps and Face Mask 5 OUR JOURNEY 2017 2006 Jockey Socks 2015 • First Jockey EBO in Sri Lanka launched • Brand Jockey reached • The turnover of the 2011 50,000 outlets in India Company crossed 2004 INR 1b in terms of • Launch of first International factory selling price • Licensing agreement format EBO in 1995 • Production crossed with Jockey Bengaluru 2019 2m pieces per month International Inc. • Launched its own extended till 2030 B2C e-commerce • Incorporation of the • Also been awarded channel and tied up • Jockey Juniors Company under the name the sole marketing with various launched and style of Page Apparel and distribution leading online • 25 years of Manufacturing Private Ltd. rights for UAE retailers to increase Jockey in India • Brand Jockey reached 100 • Speedo Launch reach of products towns Launch of Jockey brassieres in India Jockey 2014 2021 available across 1997 2005 1000 towns 2016 Jockey.in • QE Dec'21 Best Revenue launched & PAT in history • Launched Jockey 2008 • First Jockey EBO in products for Dubai • 1000+ Jockey EBOs 2003 women under the • Launched Jockey 2018 • 1,00,000+ Jockey MBOs style of ‘Jockey Towels For Her’ • The turnover of the • Launched the Company crossed INR 2007 • Jockey Licensing agreement middle range of 500m extended till 2040 men’s 2013 PAGE launched the undergarments • Retail network of Just Jockeying • Jockey Active wear range launched Successful completion 10,000 outlets campaign to of IPO and listing on • Speedo apparel range launched transform Jockey • Achieved production of NSE and BSE into a lifestyle brand • Jockey woman launched 1m pieces a month • 500 Jockey EBO’s 6 MANAGEMENT GROWTH INITIATIVES Capacity Ramp-up in both Manufacturing and Sales Quality Expanding Channel presence in distribution, Integrity Customer Exclusive Brand outlets, Delight Large Format Stores & Page’s Value E-Commerce System Expanding investments People and spends in Sales and Emphasis Marketing at Point of Sale Simplicity Enhance investments in Transparency R&D, Product Development and Innovation, Automation and Digital Transformation 7 CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING ATTRACTIVE MACRO • NEW LAUNCHES OPPORTUNITY • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 8 ATTRACTIVE MACRO: MULTIPLE DRIVERS FOR GROWTH Industry Growth Drivers 107 10% 15 - 34 YRS HIGHER INCREASE IN LARGEST 67 DISPOSABLE URBAN 55 CONSUMER INCOME POPULATION 41 GROUP FY 2015 FY 2018 FY 2020E FY 2025P HIGH GROWTH INCREASED INCREASED MIDDLE, Indian Fashion Market (USD Bn) SHIFT INVOLVEMENT IN PREMIUM, IN ORGANISED BRANDED SUPER- PREMIUM The market is projected to grow at 10 percent and reach RETAIL INNERWEAR SEGMENT USD 107 bn by FY 2025. MORE HIGHER DISCERNING ASPIRATION FOR CONSUMERS GLOBAL BRANDS Source: Wazir Analysis 9 ATTRACTIVE MACRO: INDIAN APPAREL MARKET SEGMENTS CAGR 45.3 27.7 Total Market Size Source: Wazir Analysis )nB DSU( Men’s Apparel Market 10.3% 8.6% 14.2% 10.3% 13.6% 8.4% 21.6 14.3 13.2 6.8 5.7 3.1 3.8 1.9 0.9 1.7 Formal Casual Innerwear Activewear Others FY 2020E FY 2025P Women’s Apparel Market CAGR 39.0 24.9 Total Market Size )nB DSU( Men’s innerwear category in FY2020 is estimated to be USD 1.9 bn and is expected to grow at a CAGR of 10.3 percent to USD 3.1 bn in FY 2025. Men’s casual and activewear category in FY2020 is estimated to be USD 7.7 bn and is expected to grow at a CAGR of 13.9 percent to USD 14.9 bn in FY 2025. Women’s casualwear category in FY2020 is estimated to be USD 0.9 bn and is expected to grow at a CAGR of 16.1 percent to USD 1.9 bn in FY 2025. Women’s innerwear category in FY2020 is 9.4% 7.6% 14.1% 12.5% 16.1% 7.1% estimated to be USD 4.4 bn and is expected to grow at a CAGR of 14 percent to USD 8.5 bn in FY 2025. 24.4 16.9 8.5 4.4 1.0 1.8 0.9 1.9 1.7 2.4 The kids wear market in India is currently about USD 14 bn (FY 2020) and is expected to grow at Ethnic Innerwear Formal Casual Others a CAGR of 10.5 percent and grow to nearly USD 23 bn by FY 2025. FY 2020E FY 2025P 10 CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES KEY HIGHLIGHTS • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 11 KEY HIGHLIGHTS • MBO - Added 11,000 in this quarter in addition to 16,200 in H1 • EBO - Added 36 in this quarter in addition to 63 in H1, now present in 1,030+ stores and 350+ cities • LFS - Added 1 LFS & 80+ stores in this quarter in addition to 7 LFS & 226 stores in H1 • With robust demand we achieved the best quarter in our history, in terms of revenue & PAT • Safety precautions and measures continue at manufacturing facilities and retail outlets to ensure customers and employees stay safe • Continue to be debt-free during this year 12 CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING MULTIPLE PRODUCTS • NEW LAUNCHES OFFERING • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 13 JOCKEY JUNIORS BOYS PRODUCT VESTS BRIEFS TRUNKS PORTFOLIO BOXER SHORTS T-SHIRTS POLO T-SHIRTS TRACK PANTS SHORTS SWEAT SHIRTS JACKETS MEN INNERWEAR VESTS BRIEFS JUNIORS GIRLS BOXER BRIEFS TRUNKS PANTIES OUTERWEAR BOXER SHORTS BLOOMERS SHORTIES BERMUDAS INNER TEES CAMISOLE TRACK PANTS MIDWAYS TOWELS TANK TOPS LOUNGE PANTS T-SHIRTS SPORTS SHORTS FACE SHORTS T-SHIRTS HAND CAPRIS POLO T-SHIRTS BATH WOMEN TRACK PANTS GYM VESTS INNERWEAR PYJAMAS YOGA PANTS SWEAT SHIRTS SLEEPWEAR BRASSIERES JACKETS JACKETS SPORTS BRA TANK TOP PANTIES MUSCLE VEST FACE CAMISOLE CAPRIS MASK CROP TOP LEGGINGS TANK TOPS SHAPEWEAR SHORTIES SOCKS THERMAL MEENN,, WOMEN & KIIDDSS CALF CAPS ANKLE TANKK TTOOPP LOW SHOW CAMISSOOLLEE VVEESSTT NO SHOW LEGGIINNGGSS T-SHHIIRRTT LONG JJOOHHNN HANDKERCHIEF 14 SPEEDO PRODUCT PORTFOLIO SSWWIIMMACTIVE HH22OO AACCTTIVE SSUUNN TTOOPP CCAAPPRRII LLEEGGGGIINNGG WWAATTEERRSSHORT EQUIPMENT GOGGLES CAPS TRAINING AID SWIM CONFIDENCE SSWIMWEAR FFOOTWEAR LLEISURE SSLIDE SSWIMDRESS TTHONG KKNEESUIT LLEGSUIT FFULL BODY SUIT JJAMMER AAQUASHORTS WWATERSHORTS 15 AALL-IN-ONE SUIT CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES NEW LAUNCHES • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 16 JOCKEY - NEW LAUNCHES Style No. AM96 Style No. RX47 Full Sleeve T-Shirt Pyjama Style No. UM22 Hoodie Sweatshirt Style No. AB38 Jacket Style No. RG04 Pyjama Style No. RX44 Sleep Dress 17 CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING UNMATCHED • NEW LAUNCHES MARKET COVERAGE • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 18 MULTI BRAND OUTLETS: PAN INDIA DISTRIBUTION NETWORK CHANNEL SALES 4,130+ Distributor Accounts 2,850+ Cities / Towns 1,05,200+ Retail Network 675+ Channel Sales Strength 19 EXCLUSIVE BRAND OUTLETS: FIRST TO OFFER 1030+ Exclusive Brand Outlets 46 Exclusive Woman Outlets 58 Exclusive Juniors Outlets 12 Factory Outlets 200 Outlets in malls 830+ Outlets in high street Present in 360 cities 20 LARGE FORMAT STORES: ENHANCING CUSTOMER REACH 30 Large Format ~ 2,660 ~ 4,049 Point of sale across partners Stores the country 21 ONLINE & E-COMMERCE: RIDING THE DIGITAL WAVE EXCLUSIVE ONLINE STORE jockey.in | speedo.in SELLING THROUGH ONLINE KEY PARTNERS …and other Partners 22 CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING EXTENSIVE • NEW LAUNCHES BRAND REACH • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 23 DIGITAL/SOCIAL MEDIA REACH Followers 9,51,182 2,30,055 22,258 18,900 24 CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING MANUFACTURING • NEW LAUNCHES CAPABILITIES • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 25 MANUFACTURING CAPABILITIES STRONG IN-HOUSE MANUFACTURING CAPABILITIES COMMITTED TO QUALITY • Our own manufacturing helps set high quality • Facilities spread over 2.2 million sq ft across 15 standards for both in-house and outsourced manufacturing units manufacturing • Present in 14 locations in Karnataka and 1 in Tamil Nadu • Monitor every stage of manufacturing process: Designing, Raw Materials, Production Process, • >70% in-house manufacturing Packaging and Final Products Tiptur - 1 Hassan - 3 Gowribidanur - 1 Mysore - 2 KR Pet Unit Sewing Unit Bangalore - 7 Tirupur -1 Socks Knitting Quality Control Unit 26 CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING FINANCIAL • NEW LAUNCHES HIGHLIGHTS • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 27 PROVEN TRACK RECORD OF FINANCIAL PERFORMANCE Revenue Revenue Growth % EBITDA EBITDA Margin % PAT PAT Margin % Rs Million Rs Million Rs Million 18.6% 19.8% 11.8% 3.3% -3.8% 19.4% 21.2% 21.6% 18.1% 18.6% 12.5% 13.6% 13.8% 11.7% 12.0% 29,454 28,522 28,330 6,169 25,520 3,939 5,406 5,326 5,266 3,470 3,432 3,406 21,305 4,132 2,663 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Delivered Growth and continuous margin expansion Expansion of Strong Focus on Distribution Brand Value Profitable Growth Network 28 PROVEN BALANCE SHEET STRENGTH RONW/ROCE EPS and DPS Working Capital Days 107 353 72% 344 96 311 308 305 89 81 78 239 250 71 70 58% 58% 66 60 57 55% 55% 161 51% 131 97 28 41% 42% 19 21 18 19 19 40% 16 16 12 38% 9 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Receivables Inventory Payables Net Working Capital RONW ROCE EPS DPS FY17 FY18 FY19 FY20 FY21 Investing in future, through strong internal accruals, while maintaining debt-free status and generating high ROCE. Best in class High returns for Debt Free Return on Capital shareholders Employed 29 PROFIT AND LOSS STATEMENT: QUARTERLY QoQ YoY Financials (INR mn) Q3FY22 % Q2FY22 % Q3FY21 % growth growth Revenue 11,898 100.0% 10,840 100.0% 9,271 100.0% 9.8% 28.3% COGS 5,563 46.8% 4,899 45.2% 4,131 44.6% 13.6% 34.7% Employee Cost 1,900 16.0% 1,768 16.3% 1,462 15.8% 7.5% 30.0% Other operating cost 1,927 16.2% 1,839 17.0% 1,417 15.3% 4.8% 36.0% Emp + operating cost 3,828 32.2% 3,607 33.3% 2,878 31.0% 6.1% 33.0% EBITDA 2,507 21.1% 2,334 21.5% 2,261 24.4% 7.4% 10.9% Other Income 71 0.6% 54 0.5% 42 0.5% 33.2% 69.9% Depreciation 167 1.4% 165 1.5% 156 1.7% 1.1% 7.1% Finance Cost 77 0.6% 74 0.7% 74 0.8% 3.8% 4.5% PBT 2,334 19.6% 2,148 19.8% 2,073 22.4% 8.7% 12.6% Tax 589 4.9% 543 5.0% 536 5.8% 8.3% 9.8% PAT 1,746 14.7% 1,605 14.8% 1,537 16.6% 8.8% 13.6% 30 GROSS MARGIN Financials (INR mn) Q3 FY22 Q3 FY21 FY21 Revenue* 11,451 9,105 28,330 Material consumed 4,992 3,917 12,639 Sub contract costs # 429 343 1,058 Contribution 6,031 4,844 14,632 Contribution % 52.7% 53.2% 51.7% Other manufacturing costs 1,459 1,026 3,507 Gross Profit 4,571 3,818 11,125 Gross Margin % 39.9% 41.9% 39.3% * excludes Profit/Loss on sale of RM to Outsourced vendors and sale of Non Moving Inventory # Sub contract costs are incurred for processing yarn to fabric and shown under other operating costs in P&L 31 PROFIT AND LOSS STATEMENT: NINE MONTHS Financials (INR mn) 9MFY22 % 9MFY21 % YoY growth Revenue 27,754 100.0% 19,522 100.0% 42.2% COGS 12,582 45.3% 8,906 45.6% 41.3% Employee Cost 5,195 18.7% 3,989 20.4% 30.2% Other operating cost 4,793 17.3% 3,058 15.7% 56.7% Emp + operating cost 9,988 36.0% 7,048 36.1% 41.7% EBITDA 5,184 18.7% 3,568 18.3% 45.3% Other Income 160 0.6% 139 0.7% 15.5% Depreciation 491 1.8% 473 2.4% 3.8% Finance Cost 225 0.8% 226 1.2% -0.3% PBT 4,628 16.7% 3,008 15.4% 53.8% Tax 1,168 4.2% 758 3.9% 54.0% PAT 3,460 12.5% 2,250 11.5% 53.8% 32 KEY INVESTMENT HIGHLIGHTS Strong in-house Wide Range of product development Robust Financials Premium Quality and back end with ROCE of 55% Products capabilities Strong Distribution network with strong License with Jockey Strong Balance Sheet; Strong Brand Equity, presence in MBO, EBO, International till 2040 Debt Free Image and Leadership LFS and E-Commerce 33 CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES SUSTAINABILITY • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 34 At Page, we have imbibed sustainability at the heart of our business strategy, core operations and product development. SUSTAINABILITY CULTURE VISION To be a leading apparel company through balanced growth with a focus on quality, innovation and sustainable design, thereby, creating lasting value for all our stakeholders Commitment to Sustainability Building Capacity - Public disclosure through sustainability report, corporate presentations - Comparing processes and business practices to industry-bests and annual publications - Modifying existing systems and processes to achieve improved efficiency - Communicate through product development and retail services - Invest in R&D and technology for process improvements - Commitment to WASH and contribution to Sustainability Development - Increasing focus on sustainability initiatives and projects Goals Fostering Commitment Raising Awareness - Integrating sustainability into vision, mission, value and governance - Motivate employees to participate through awareness programs and practices workshops - Developing policies, framework and guidelines - Internal competitions as a means to generate and identify new ideas - Setting annual sustainability targets and goals - Posters and fliers promoting sustainability practices and behaviour - Allocation of resources Assigning Responsibility Monitoring and Evaluation - Engaging the board and senior management by establishing sustainability committees - Continuous monitoring and evaluation of performance against set goals - Linking incentives to performance on sustainability goals and targets - Effective feedback - Identifying, training and assigning responsibility to sustainability - Monitoring effectiveness of employee awareness champions 35 SUSTAINABILITY FOCUS AREAS Economic Water and Effluent Page sustainability focus areas cover all aspects Performance of value chain viz., product development, supply chain & logistics, manufacturing, sales & 09 01 marketing and economic performance. Governance, Materials Risk and Compliance 9 focus areas identified based on our material 08 02 assessment and industry best practices. 07 03 Occupational Health Energy and and Safety GHG Emissions 04 06 05 Responsible Diversity and Supply Chain Equal Opportunity Product Stewardship 36 SUSTAINABILITY FOCUS AREAS Economic Performance Diversity and Equal Opportunity Sustain strong financial performance by tracking economic value generated and distributed, assess and address the financial To ensure a diverse and inclusive workplace through policies, implications of sustainability risks and investing in sustainability pay parity, infrastructural support and motivation projects Compliance Occupational Health and Safety Ensuring Compliance to all legal and statutory requirements by maintaining compliance score cards and creating awareness Promote a zero harm workplace among third-party/outsourcing factories Energy and GHG Emissions Materials Reduce our energy intensity by investing in energy efficiency Ensuring raw materials used in our products are sustainable in initiatives, adopting renewable energy and consequently reduce terms of impact on the environment, safety of our customers and direct and indirect emissions highest quality and packaging materials are recycled 100% Responsible Supply Chain Water and Effluents Align sustainability across supply chain and drive responsible Reduce fresh water consumption by adopting innovative water business operation by enhancing supplier sustainability efficient technologies and increasing the percentage of water assessments, vendor and supplier code of conduct and a recycled and reused responsible chemical management policy Sustainability Report 2019-2020: View here Product Stewardship Enhancing the share of sustainable packaging and product sustainability attributes such as renewable and recycled materials, vendor certifications and Life Cycle Assessment 37 CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING SHAREHOLDING • NEW LAUNCHES PATTERN • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 38 SHAREHOLDING PATTERN As of 31st December 2021 Insurance Companies and Others, Other DIIs, 5.3% 9.8% Mutual Funds, 12.7% Promoters, 47.2% FPI, 25.1% Market Cap: ~ INR 465 bn (as on 4th February, 2022) 39 THANK YOU PAGE INDUSTRIES LIMITED CIN: L18101KA1994PLC016554 Contact Us: For Investor Relations: investors@jockeyindia.com Website: www.jockey.in 40