#1Q4 FY2021 GOKALDAS EXPORTS LIMITED ON A FIRM GROWTH TRAJECTORY EARNINGS PRESENTATION 8 ge#2GOKALDAS EXPORTS LIMITED INSIDE THE DOCUMENT 01 Q4 FY21 & FY21 HIGHLIGHTS 92 235 BUSINESS CANVAS 10 90 RESPONSIBLE CORPORATE ENTITY FINANCIAL STATEMENT SUMMARY & RATIOS SLIDE 03-12 SLIDE 13-21 SLIDE 22-27 SLIDE 28-31 0000000 OUR VALUE PROPOSITION SLIDE 32-34#303 Q4 & FY21 Highlights • • QUARTERLY HIGHLIGHTS FINANCIAL YEAR HIGHLIGHTS FINANCIAL HIGHLIGHTS MANAGEMENT COMMENTARY COPING UP WITH COVID 19 MAINTAINING STRONG CLIENT RELATIONSHIPS GOKALDAS EXPORTS LIMITED#4GOKALDAS EXPORTS LIMITED ⑦Y-O-Y 04 ↑ Q-O-Q QUARTERLY HIGHLIGHTS CONSOLIDATED EBITDA 38 CR 26.2% ↑57.7% The company took a conservative measure on its receivables providing a one-time expected credit loss provision of 4 Crs, although there is a reasonable possibility of recovery of at least a portion of the receivables. CONSOLIDATED REVENUES 373 CR 3.0% ↑ 39.0% Export revenue during the quarter grew by 10% YoY. At the same time, the company also under recognized export incentives since RODTEP rates are yet to be notified. KEY PERFORMANCE INDICATORS NUMBER OF PIECES SHIPPED AND REALIZATION PER PIECE Qty Nos. in Million Realization per piece in 7.3 6.9 457 502 177 PRODUCT CATEGORY SALES In % CONSOLIDATED PAT 16 CR 168.7% ↑ 165.3% Better volume growth and cost reduction initiatives yielded PAT of 2.6 times of the previous year. Q4FY20 Shipped Q4FY21 Realization per piece The company continued with its strategy of focusing on higher value products. Q4FY20 Casualwear Bottomwear Q4FY21 Q4FY20 Q4FY21 Outerwear Sportswear Outerwear product have majorly given the growth during the quarter. This is driven by growth in order book from the customer as major consuming markets have started returning to pre-COVID level. Revenue from newly added customer have given good share of growth year on year. 51 24 47 30 167 16.9 REVENUE CONTRIBUTIONS FROM CUSTOMER ADDED IN LAST 4 YEARS In % 21.1#5GOKALDAS EXPORTS LIMITED ⑦Y-O-Y 05 FINANCIAL YEAR HIGHLIGHTS CONSOLIDATED REVENUES 1,223 CR (11.8%) Contained export revenue drop to 8.8%, despite the pandemic impacting apparel trade globally. Exited India Retail business which had contributed to about 10% of revenue in the previous year FY20, to minimise credit risk. CONSOLIDATED EBITDA 114 CR 11.4% Generated EBITDA of 113.7 Crores compared to 102.1 Crores in the FY 2020 (excluding exceptional items), giving a YoY growth of 11%. Delivered EBITDA margin of 9.3% compared to 7.4% in the FY20. KEY PERFORMANCE INDICATORS NUMBER OF PIECES SHIPPED AND REALIZATION PER PIECE Qty Nos. in Million Realization per piece in 24.5 384 23.4 463 24.9 515 19.2 596 48 23 20 6 PRODUCT CATEGORY SALES In % 43 30 17 10 CONSOLIDATED PAT 26 CR (12.8%) Net profits, on a like for like basis, has grown by 154% compared to the FY20 as the net profit excluding exceptional items in FY2020 was 10.4 Crores. FY18 FY19 FY20 FY21 FY18 Shipped Realization per pcs Growth in volumes together with increase in weighted average realization per pcs have given a sustained revenue growth for the last 3 years which is encouraging. Volumes in FY21 was impacted due to the pandemic. FY19 FY20 FY21 FY18 FY19 FY20 FY21 Casualwear Bottomwear Outerwear Sportswear A continuous growth in outerwear segment is positive sign for the business, as it balances the seasonality of the business and delivers better margin. The drop in sportswear contribution in FY21 was because of reduced demand from key customers, which is expected to pick up in FY22. Addition of scalable marquee clients over the years has immensely supported the growth of the company. σε 36 32 18 11 44 14 1.8 3.9 8.7 In % REVENUE CONTRIBUTIONS FROM CUSTOMER ADDED IN LAST 4 YEARS 13.1#6GOKALDAS EXPORTS LIMITED 06 FINANCIAL HIGHLIGHTS SUMMARY OF PROFIT AND LOSS STATEMENT in Crores KEY PERFORMANCE METRICS Q4 FY 20 Q 3 F Y 21 Q4 FY21 Q-O-Q Y-O-Y Revenue from operations 357.9 265.0 369.9 39.6% 3.3% Other Income Total Income 4.0 3.0 2.8 (9.2%) (30.4%) 361.9 268.1 372.7 39.0% 3.0% EBITDA 30.1 24.1 38.0 57.7% 26.2% EBITDA Margin (%) 8.3% 9.0% 10.2% 1.2% 1.9% Finance cost 9.0 5.5 9.3 70.7% 3.6% Depreciation and amortisation expenses 15.1 12.6 12.5 (0.6%) (17.4%) PAT before exceptional items 6.0 6.0 16.0 165.3% 168.7% REVENUE Major apparel consuming markets have started returning to normalcy, resulting in a healthy order book for the company. Exports grew by 10% YoY. Further, under RODTEP, conservatively under recognised to the extent of 4.25 Crs, since rates are yet to be notified. revenue was EBITDA Margin The sizable -2% growth in operating margin YoY is not only as result of revenue growth but also of cost reduction initiatives taken during the year. Further, a one-time expected credit loss provision of 4.1 Crs has been made. Adjusted for this, the EBITDA margin would be 11.3%. PAT The company believes 1.6 times growth in PAT over the previous Q4FY20 is a creditable performance amid not-yet-over COVID challenges.#7GOKALDAS EXPORTS LIMITED 07 FINANCIAL HIGHLIGHTS SUMMARY OF PROFIT AND LOSS STATEMENT in Crores KEY PERFORMANCE METRICS Revenue from operations Other Income Total Income EBITDA EBITDA Margin (%) FY20 FY 21 +/- Change Y-O-Y 1,370.9 1,210.7 (160.2) (11.7%) 16.3 12.2 (4.1) (25.0%) 1,387.2 1,222.9 (164.3) (11.8%) 102.1 113.7 11.6 11.4% 7.4% 9.3% 1.9% 26.3% Finance cost 36.8 34.5 (2.4) (6.4%) Depreciation and amortisation expenses 54.8 52.6 (2.2) (4.0%) PAT before exceptional items 10.4 26.6 16.2 154.8% REVENUE Despite impact of COVID on the business, contained exports revenue decline to 8.8%, In contrast, India's apparel exports registered a decline of 17.4% in FY21 compared to FY20. EBITDA Margin The company streamlined its operations to become more efficient, reduced unproductive costs and ensured better utilization of available capacity. Due to COVID impact on its customers, the company had to provide for an expected credit loss of 7.5 Crs. PAT A healthy PAT growth is mainly from superior operations. Oher income includes interest income of 6.9 Crs, earned on fixed deposits held as loan collateral, which if adjusted could have been brought down interest expense by an equivalent amount. The company is working to reduce the outstanding loan to the extent of the fixed deposit, to reduce interest burden.#8GOKALDAS EXPORTS LIMITED FINANCIAL HIGHLIGHTS ANALYSIS OF FINANCIAL POSITION in Crores NON-CURRENT ASSETS Investment in Fixed Assets Other non-current assets Total non-current assets Current assets Inventories Trade receivables Other current assets Total current assets Less: Current Liabilities Trade payables Other current liabilities Total current liabilities Net Current Assets Capital Employed SOURCES OF FUNDS Equity Long term Borrowings Short term Borrowings Total Borrowings Less: Fixed Deposits held with Banks Less: Cash and cash equivalents includes investment in MFs Net Borrowings / Net Debt Long term provisions Lease Liabilities (Net)# Total Sources of Funds 08 Note: # lease liabilities are net off right of use of assets and liabilities. Capital employed does not include cash and cash equivalents including investment in mutual funds FY20 FY21 Y-O-Y change 130.1 127.2 49.7 45.8 (2.9) (3.8) 179.8 173.1 (6.7) 289.2 259.2 (30.0) 143.5 179.8 36.3 82.3 68.7 (13.6) 515.1 507.7 (7.3) 114.3 111.7 (2.6) 137.6 104.4 (33.3) 251.9 216.1 (35.9) 263.1 291.6 28.5 442.9 464.7 21.8 226.6 290.1 63.5 18.8 18.8 391.0 346.4 (44.6) 391.0 365.2 (25.7) 139.0 146.9 7.9 47.8 52.1 4.3 204.1 166.2 (37.9) 4.6 5.3 0.7 7.6 3.1 (4.5) 442.9 464.7 21.8 LIQUIDITY POSITION The current ratio has increased to 2.35 from 2.04 placing the company is in a better position to meet its short-term obligations. The working capital has increased marginally because of year- end post-shipment bills of 72 Crs were discounted but not adjusted for. Adjusting for which, the working capital investment has been lower. CAPITAL EMPLOYED Through a superior working capital the management, has company maintained it's capital employed, giving better return on capital employed for the company. DEBT The company has reduced the net debt by 38 Crs during the year keeping net debt at 166 Crs compared to 204 Crs as of 31-Mar-20. The net debt to equity is 0.72 in FY21 compared to 0.94 in FY20.#9GOKALDAS EXPORTS LIMITED 60 09 FINANCIAL HIGHLIGHTS CASH FLOW in Crores FY 20 FY21 Cash flow from operating activities Profit before exceptional items and tax Adjustments to reconcile profit before tax to net cash flows: Depreciation and amortisation expenses Provision for doubtful debts Provision For Export Incentives Receivables Other non-cash adjustments Operating profit/(loss) before working capital changes Changes in operating assets and liabilities: 10.4 26.6 54.8 52.6 5.1 9.0 (6.1) 28.6 26.7 92.9 114.9 5.7 3.8 Net cash flows from/ (used in) operating activities (A) Cash flow from investing activities 98.6 118.7 Purchase of property, plant and equipment (including intangible assets and capital work-in-progress) Proceeds from sale of property, plant and equipment (37.8) (36.2) 29.9 2.1 Investment in mutual funds (33.8) 0.1 Other elements Net cash flows from/ (used in) investing activities (B) Cash flow from financing activities Proceeds/ (Repayment) of short-term borrowings Payment of lease liabilities Finance costs paid 3.0 (38.6) 1.7 (32.2) 22.5 (27.6) (38.6) (30.1) (28.6) (28.5) Net cash flows from/ (used in) financing activities (C) (44.7) (86.2) Net increase/ (decrease) in cash and cash equivalents (A+B+C) 15.3 0.3 Cash and cash equivalents at the beginning of the year (24.8) (9.5) Cash and cash equivalents at the end of the year (9.5) (9.2) Reconciliation of cash and cash equivalents as per the cash flow statement: Cash and cash equivalents as per above comprise of the following Cash and cash equivalents Bank overdraft Balances per statement of cash flows 12.3 15.3 (21.8) (24.5) (9.5) (9.2) LIQUIDITY POSITION Increase in cash from operations helped to reduce the borrowings. The company has managed the cash flows well and managed the working capital better over the year.#10MANAGEMENT COMMENTARY SIVARAMAKRISHNAN GANAPATHI MANAGING DIRECTOR GOKALDAS EXPORTS LIMITED 10 ワワ Gokaldas Exports is focused on being a leading manufacturer that is sought-after by top global apparel brands for its product capability, quality and consistency, with a strong commitment to sustainability, while delivering profitable year on year growth. This was severely tested by Covid-19 in FY21 when lockdowns forced store closures in most markets and imposed factory shut-downs in producing countries, resulting in a volatile order flow and disrupted supply chain claiming a toll on the financial health of most companies. We could contain overall export sales drop to just 9% over the previous year. The company also consciously reduced its exposure to Indian retail customers to minimise credit risk. We ensured high efficiency in our manufacturing process, controlled our costs well, contained the working capital deployed and improved connect with our customers. Despite a drop in revenue, the company delivered a strong EBITDA margin for the year. The outlook for the industry is positive. With vaccination drive gaining momentum in all the countries that we export to, we anticipate a good demand recovery in the forthcoming year. This is already reflecting in our strong order book for the quarters ahead.#11GOKALDAS EXPORTS LIMITED 11 COPING UP WITH COVID -19 CHALLENGES FACED DURING THE 2ND WAVE • . Inconsistent availability of workmen. Challenges with achieving optimum capacity utilisation. Factory shutdowns following government directives leading to loss of production Disruption in supply chain, impacting logistics and suppliers. ADHERENCE TO GOVERNMENT GUIDELINES • Factories and offices are regularly sanitized. Factories operating with adequate social distancing, even if it means lower capacity being available. No outsider to the organization allowed inside the company premises. Employee help desk created to provide quick support to any employee in need. MEASURES TAKEN TO OVERCOME THE CHALLENGES • • Unproductive assets and expenses have been revisited and stopped. Have undertaken non-essential capex freeze unless required for production. Judicious opex spends to minimize the financial impact. BUSINESS IMPACT • No order cancellations yet. The planned orders will be dispatched with a delay. Production expected to drop consequent to the lockdown with corresponding financial impact.#12GOKALDAS EXPORTS LIMITED 12 MAINTAINING STRONG CLIENT RELATIONSHIPS Continued focus on long-term partnerships Relentless focus on quality and timely order completion Working closely to adapt to customer's supply chain needs and delivery Managed redistribution of orders across units Retained positioning as a preferred global vendor Realigned product mix to suit current market conditions#1313 GOKALDAS EXPORTS LIMITED BUSINESS CANVAS . • • • • ABOUT GOKALDAS EXPORTS OUR MARQUEE CLIENTS CUSTOMER SERVING KPI'S EXPANDING OUR GLOBAL PRESENCE INTEGRATED VALUE CHAIN STRONG IN-HOUSE CAPABILITIES MAINTAINING STRONG CLIENT RELATIONSHIPS#14GOKALDAS EXPORTS LIMITED 14 ABOUT GOKALDAS EXPORTS Established in 1979, Gokaldas Exports is one of the largest organized apparel manufacturers catering to a wide range of apparel needs of eminent global brands. 4+ decades of manufacturing excellence 20 State-of-the-art manufacturing units equipped with 13,000+ machines Catering to brands in over 50 countries Strong workforce of 24,000 people with about 80% of them being women Fully integrated manufacturing operations Committed to Sustainability#1515 GOKALDAS EXPORTS LIMITED CUSTOMER SERVING KPI'S SUPERIOR TRACK RECORD OF SERVING CLIENTS In % LONG STANDING RELATIONS WITH MARQUEE GLOBAL BRANDS In % of Revenue 0.66 0.96 Qx 0h 01 Ch 0.98 186 48% 14% FY18 FY19 FY20 FY21 OTS OTIF Note: OTS Order to Ship | OTIF - On Time in Full 38% OTIF dropped marginally in FY21 due to ongoing challenges from the pandemic. Our high performance on client serving metrics make us the preferred choice of vendors for the global brands. We have continuously upgraded ourselves to meet the ever changing and evolving demand of our customers. Bulk of the revenue comes from long term customers. <5 years 5-10 years 10+ years 42 WALLET SHARE OF TOP 3 CUSTOMERS In % 52 53 FY18 FY19 FY20 FY21 Not only have we successfully served our clients for long period of time, we have also managed to garner a higher share of their wallet spends. Note: This data indicates - how we are growing year on year as a preferred vendor for top 3 customer based on their sourcing from India 58#16GOKALDAS EXPORTS LIMITED CUSTOMER SERVING KPI'S (Contd.) VALUE/ VOLUME CUSTOMER LEVEL In % FY 18 10 42 ΠΑ 90 58 15 FY 19 FY20 FY 21 50 50 16 51 28 63 85 50 84 49 Customer Count Sales value Customer Count Sales value Customer Count Sales value High Value with high margin High Volume with relative low margin 16 72 Customer Count 37 Sales value A strong increase in revenue contribution from high value high margins products over the years.#17GOKALDAS EXPORTS LIMITED 17 EXPANDING OUR GLOBAL PRESENCE NORTH AMERICA 17 SOUTH AMERICA ☐ 6 EUROPE 17 63.9% 13.1% 22.0% 0.5% 0.2% AFRICA 5 0.4% Legend Revenue contributions region wise Number of clients region wise ASIA 15 OCEANIA 4#18GOKALDAS EXPORTS LIMITED 18 INTEGRATED VALUE CHAIN DESIGN DEVELOPMENT CUTTING PRINTING SEWING QUILTING I & r POLYFILL EMBROIDERY LASER TREATMENT WASHING FINISHING AND LOGISTICS#19GOKALDAS EXPORTS LIMITED 19 STRONG IN-HOUSE CAPABILITIES %/ Worldclass Design Studio with 3D capability In-house Testing Lab Accredited by GAP, H&M, Adidas, Puma. Robust Product Development and Sampling set-up Polyfill manufacturing using latest technology. Quilting with a capacity to quilt 15,000 meters/day Modern Printing set up with 12 state of art automatic machines from M&R-USA, and TAS-Australia · Capacity of 43 million impressions/ month Capability of printing multiple options on all types of fabric qualities Laundry with state-of-the- art machinery from YILMAK- Turkey, Jeanologia from Spain • • • Capability to execute innovative washed on denims & non-denims. Combined capacity of 1,50,000 pcs./day including garment dyeing and all kinds of dry processes. Morden ETP with a capacity to treat 0.7 million Itrs./day Zero liquid discharge plant for washing. Integrated Embroidery set-up Pneumatic fibre filler for making puffer jackets#20STATE OF THE ART MANUFACTURING CAPABILITIES GOKALDAS EXPORTS LIMITED 20 20 hon H&H 00 H&H CUTTING MACHINE HOT AIR SEAM SEALING MACHINE HYDROSTATIC TESTER POLYFILL MACHINES ILMAK SEWING MACHINES KNITS MACHINES WASHING MACHINE DRYER www#21..... GOKALDAS EXPORTS LIMITED 21 RESPONSIBLE CORPORATE ENTITY • A PEOPLE FIRST COMPANY ENVIRONMENTALLY CONSCIOUS CSR INITIATIVES#22GOKALDAS EXPORTS LIMITED 22 A PEOPLE FIRST COMPANY At Gokaldas, we put our people first. Our core belief is that an inclusive approach leads to a more engaged employee who is committed to the business ideals and delivers greater productivity. We consistently provide employees with learning opportunities, to enable them to grow within the organisation. SKILL ENHANCEMENT TRAINING SOFT SKILL SAFETY TRAINING EMPLOYEE TESTIMONIALS RAJINI SEWING OPERATOR I am working with GE for the last 9 years. Last year I attended PACE, a 48 Hrs training program, spread across 6 months. This program helped me improve my communication and time management skills. DEVAMMA DEVI SEWING OPERATOR I joined GE in Jan 21. With GE, I got the opportunity to go through the 10 days' Supervisory Development Program. It has technical, behavioral and on the job content to groom me as a supervisor. LEADERSHIP DEVELOPMENT AWARENESS SALIM KHAN PRODUCTION MANAGER I started my career as a helper at GE. I got much growth and many learning opportunities and today I am the Production Manager of a 1,800 workstation factory#23..... GOKALDAS EXPORTS LIMITED 23 EMPLOYEE ENGAGEMENT 劻 HERproject® HER PROJECT Stock Level Hyglene Care Sanitary Napkin Vending Machine Collect Napkin Here WOVO WORKERS' VOICE We have undertaken HER- Health & HER-Finance modules to implement at our selected factories. This will enhance the living standards and empower Woman to be self reliant financially. AUTOMATIC SANITORY VENDING MACHINES To enhance woman health and Hygiene, we have installed automatic sanitary pads vending machines across all the factories and Health awareness has been cascaded to all woman employees about usage and importance use & hygiene. WOVO is a Corporate Communication Service that allows us to have two-way anonymous communication with our workers and family members. Improves the grievance redressal concerns at faster rate.#24..... ENVIRONMENTALLY CONSCIOUS We are focused on reducing our environment footprint by investing in resource conservation and efficiency across water, energy and chemical waste. GOKALDAS EXPORTS LIMITED NOTABLE INITIATIVES Zero Liquid Discharge Plant Rainwater Harvesting 24 CERTIFICATIONS TEXTILE ORGANIC GLOBAL 1 GOTS STANDARD Global Recycled Standard TextileExchange IBSCI Business Social Compliance Initiative RECYCLED claim S 100 рлерие TextileExchange Sweden Textile Water initiative (STWI) Projects 100 ORGANIC TOO Content рлериега 4 R APPROACH TO SUSTAINABILITY SI RESTORE Sapling Plantation undertaken Rainwater harvesting REDUCE Replacement of Oil and fossil fuels with organic biomass RECYCLE Zero Liquid Discharge water recycling unit at our washing facility BCI Better Cotton Initiative RENEWABLE Roof top solar panels providing clean energy#25GOKALDAS EXPORTS LIMITED ..... ENVIRONMENTALLY CONSCIOUS (Contd.) ZERO LIQUID DISCHARGE UNIT SOLAR PANELS SAPLING PLANTATION RAINWATER HARVESTING 25#26GOKALDAS EXPORTS LIMITED 26 CORPORATE SOCIAL RESPONSIBILITY INITIATIVES AT GOKALDAS, OUR ROLE IS DEFINED BY A NUMBER OF PRIORITIES: CSR we are committed to make the world a better place. our engagement in corporate social responsibility projects is aligned with national and regional priorities. we believe in a deeper engagement to make a lasting positive difference. we are partnering with specialised agencies who possess a deep experience and understanding. we believe in making initial investments where a moderate engagement can translate into disproportionately larger societal impact. we focus on responsible engagement where we empower beneficiaries to assume control of their lives. ENVIRONMENT-RELATED INITIATIVES WORKPLACE-RELATED INITIATIVES#27..... GOKALDAS EXPORTS LIMITED 2 27 FINANCIAL STATEMENT SUMMARY & RATIOS • • SUMMARY OF PROFIT AND LOSS STATEMENT SUMMARY OF BALANCE SHEET RATIOS O O O O O O O OOO#28..... GOKALDAS EXPORTS LIMITED FINANCIAL HIGHLIGHTS SUMMARY OF PROFIT AND LOSS STATEMENT in Crores KEY PERFORMANCE METRICS Revenue from operations Other Income Total Income EBITDA EBITDA Margin (%) Interest Depreciation PAT before exceptional Items Basic EPS Diluted EPS Note: 28 * Adjusted for 4% MEIS income of FY2019 reversed pursuant to the Govt. notification FY17 FY18 FY 19 FY 20 FY 21 YOY 933.7 1,033.3 1,177.5 1,370.9 1,210.7 (11.7%) 38.3 45.0 18.7 16.3 12.2 (25.0%) 972.0 1,078.4 1,196.2 1,387.2 1,222.9 (11.8%) 9.6 23.8 83.5 102.1 113.7 11.4% 1.0% 2.2% 7.0% 7.4% 9.3% 1.9% 36.4 37.5 32.9 36.8 34.5 (6.4%) 18.3 16.5 19.2 54.8 52.6 (4.0%) (47.2) (31.0) 25.7* 10.4# 26.5 153.6% (8.87) (13.54) 6.08 7.10 6.18 (0.91) (8.87) (13.54) 5.92 6.67 5.83 (0.84) # Declined due to series of headwinds like retrospective reversal of 4% MEIS, revision of minimum wage in Karnataka retrospectively, and one-off expense#29..... GOKALDAS EXPORTS LIMITED FINANCIAL HIGHLIGHTS ANALYSIS OF FINANCIAL POSITION in Crores NON-CURRENT ASSETS Investment in Fixed Assets Other non-current assets Total non-current assets Current assets Inventories Trade receivables Other current assets Total current assets Less: Current Liabilities Trade payables Other current liabilities Total current liabilities Net Current Assets Capital Employed Sources of Funds Equity Long term Borrowings Short term Borrowings Borrowings Less: Fixed Deposits with Banks Less: Cash and cash equivalents (includes MFs) Net Borrowings Long term provisions Lease liabilities (Net)# Total Sources of Funds Note: # lease liabilities are net off right of use of assets and liabilities. 29 Capital employed does not include cash and cash equivalents including investment in mutual funds FY17 FY18 FY19 FY20 FY21 98.4 95.7 108.8 130.1 127.2 54.3 47.5 40.6 49.7 45.8 152.6 143.2 149.4 179.8 173.1 191.5 178.0 262.7 289.2 259.2 213.9 216.2 161.7 143.5 179.8 67.4 85.4 91.9 82.3 68.7 472.8 479.6 516.3 515.1 507.7 84.7 98.0 85.7 114.3 111.7 67.9 76.1 98.4 137.6 104.4 152.6 174.0 184.1 251.9 216.1 320.2 305.5 332.2 263.1 291.6 472.8 448.8 481.6 442.9 464.7 169.4 130.9 240.4 226.6 290.1 18.8 474.2 472.4 380.7 391.0 346.4 474.2 472.4 380.7 391.0 365.2 129.4 140.8 132.4 139.0 146.9 46.0 17.4 11.2 47.8 52.1 298.9 314.2 237.1 204.1 166.2 4.5 3.7 4.1 4.6 5.3 - 7.6 3.1 472.8 448.8 481.6 442.9 464.7#3030 GOKALDAS EXPORTS LIMITED ..... RATIOS EBITDA MARGINS In % 2.2 NET DEBT in Crores FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 CASH AND CASH EQ. in Crores 17 FY18 FY19 FY20 FY21 RETURN ON CAPITAL EMPLOYED In % FY18 FY19 FY20 FY21 NET DEBT/EQUITY In times 1.48 0.94 FY18 FY19 Note: Average net debt / average equity NET WORKING CAPITAL In number of days 0.72 FY20 FY21 ..." FY18 Note: Lease assets and liabilities, cash and cash equivalents, fixed deposits held against loan etc. eliminated for capital employed calculation Note: Cash and cash equivalents, lease assets are not included in the working capital FY19 FY20 FY21#31..... GOKALDAS EXPORTS LIMITED 31 OUR Value Proposition • • THE GOKALDAS ADVANTAGE FY22 OUTLOOK#32GOKALDAS EXPORTS LIMITED ..... 32 THE GOKALDAS ADVANTAGE Diversified across geographies, products and clients Globally recognized vendor of complex value-added garments Fully integrated manufacturing operations (also ability to offer design services) Long standing relationships with eminent global brands spanning over decades Adhering to high standards of EHS compliance Credible track record of quality and delivery metrics leading to becoming the preferred supplier for large brands.#33..... FY22 OUTLOOK GOKALDAS EXPORTS LIMITED 33 The financial year 2020-21 witnessed a serious global disruption in the form of closed markets, broken supply chain and inoperative manufacturing. India is in the throes of a second wave, which has disrupted production due to lockdowns. Companies are forced to prioritize lives of the people and adhere to strict Covid control norms. However, India will soon get over this phase. The company has a strong order book for the coming quarters based on consistent execution and strong credibility in the eyes of its customers. With most international markets gradually opening up during the year after successfully completing a threshold level of vaccination, we anticipate demand to burgeon. The company has the confidence and resilience to leverage the opportunity provided by the market and take appropriate steps in line with Government directives to manage and grow the business.#34GOKALDAS EXPORTS LIMITED ..... DISCLAIMER This investor presentation has been prepared by Gokaldas Exports Limited and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute an offer. 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 such information or opinions contained herein. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements", including those relating to the general business plans and strategy of Gokaldas Exports Limited, its future financial condition and growth prospects, future developments in its industry and its competitive and regulatory environment, and statements which contain words or phrases such as 'will', 'expected to', 'horizons of growth', 'strong growth prospects', etc., or similar expressions or variations of such expressions. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. Gokaldas Exports Limited may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation cannot be copied and disseminated in any manner.#35Q4 FY2021 THANK YOU CONTACT US Gokaldas Exports Limited #25, 2nd Cross, 3rd Main, Industrial Suburb, Yeshwanthpur, Bangalore - 560 022 Karnataka, INDIA Tel: +91 80 - 6895 1000 Facsimile: +91 - 80 - 6895 1001 Investor Relations Diwakar Pingle: [email protected] Binay Sarda [email protected] Sharanabasappa: [email protected] 8 ge