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    Disclaimer

    The views expressed here may contain information derived from publicly available sources that have not beenindependently verified. No representation or warranty is made as to the accuracy, completeness or reliability of thisinformation.

    Certain statements in this release concerning our future growth prospects are forward-looking statements within themeaning of applicable securities laws and regulations , and which involve a number of risks and uncertainties, beyondthe control of the Company, that could cause actual results to differ materially from those in such forward-lookingstatements. The risks and uncertainties relating to these statements include, but are not limited to, risks anduncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition including thosefactors which may affect our cost advantage, wage increases, our ability to attract and retain highly skilledpro ess ona s, po ca ns a y, ega res r c ons on ra s ng cap a or acqu r ng compan es ou s e n a, an

    unauthorized use of our intellectual property and general economic conditions affecting our industry. Arvind Ltd. may,from time to time, make additional written and oral forward looking statements, including our reports to shareholders.The Company does not undertake to update any forward-looking statement that may be made from time to time by oron behalf of the company. Certain figures in this release have been worked out from information available to thecompany and in some cases by making several assumptions which may not be entirely verifiable or can be interpreteddifferently with different set of assumptions. The Company also expects the media to have access to all or parts of thisrelease and the managements commentaries and opinions thereon, based on which the media may wish to comment

    and/or report on the same. Such comments and/or reporting maybe made only after taking due clearance and approvalfrom the Companys authorized personnel. The Company does not take any responsibility for any interpretations/views/commentaries/reports which may be published or expressed by any media agency, without the prior authorizationof the Companys authorized personnel.

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    Poised for Sustained Growth and Value Creation

    Textiles & Garments Branded Apparel & RetailReal Estate A Capital

    Employed Reduction Plan

    Robust domestic demand andimproving international environment

    Emphasis on retailing productsthrough dedicated outlets andprovide customized clothingsolutions

    Achieved critical mass with FY 2010revenues of Rs 850+ Cr

    Increase own retail stores and share indepartment stores

    Introduce new brands in both own andlicensed segments

    Arvind has a large land bank whichit does not require for growth of itsother businesses

    Company sold some land as well asformed JV with a reputed localdeveloper

    Revenue: Rs 3280 Cr. EBITDA: Rs 432 Cr. Market Cap: Rs 1080 Cr

    Revenue to grow by CAGR 20% over next 5 years

    ROCE set to double from current

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    Textiles, Retail & Brands Business in India are on upswing

    Indian Textiles Industry is on upswing- Sharp increase in domestic demand for apparel (brands & retail business growing by

    about 30% since last 12 months) leading to increase fabric demand

    Most of the fabric manufactures have full order book- Global demand recovery following reduced inventories and improved sales

    - Apprehending that Chinese costs will rise due to wage & interest rate increases as wellas Yuan appreciation, several large buyers have not only expressed interest butstarted purchasing textile products from India

    Indian Apparel Brand & Retail business is on upswing- Set to grow at 25% + over next 3-4 years on account of

    Burgeoning middle and higher middle class

    Improved sentiments on account of improved macro-economic factors and positiveforecast

    Significant addition to organized retail space : reasonable rent

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    Arvinds Transformational Initiatives coupled with Industrys Buoyancyshall create Sustainable Growth Platform

    Demand of fabrics (particularlydenim) was severely affected inthe exports market by themeltdown

    Conservative expansion atMegaMart due to slump indemand

    Historical Current Scenario & Outlook

    e

    To

    pLine

    Higher power costs due to nonavailabilit of as

    Robust domestic and internationaldemand

    Aggressive rollout of stores in newmarkets and better product mix

    Larger share from downstream brandsand retail business

    100 Million meters of fabricmanufacturing capacity being added

    High cotton and yarn costsremains a challen e thou h

    Revenue (Rs Cr)

    2,127 2,182

    2,674 2,7453,280

    2006 2007 2008 2009 2010

    22%

    EBITDA margins (%)

    B

    alanceSheet

    BottomL

    in

    Losses in garments business dueto sluggish export demand

    Shredding of inventory build upwith retailers slowing off takes

    Debt accumulation due to largecapital expenditure

    Higher interest cost on account ofhigher working capital deploymentdue to cotton inventory

    Sharp depreciation of rupee led to

    significant MTM losses on ST loans

    company better placed to passinput costs

    Massive productivity improvementdrive in the garments plants

    Long term tie ups for gas supply

    All businesses have turnedprofitable

    Monetizing real estate assets to payoff long term debt

    Internal accruals to fund expansioncapex across businesses

    Enhance working capital

    efficiencies

    18%

    14%

    11.3%

    12.5%

    2006 2007 2008 2009 2010

    1.2

    1.4

    1.3

    1.8

    1.3

    2006 2007 2008 2009 2010

    Debt / Equity ratio (x)

    Trending down

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    Arvinds Consolidated Financials

    Balance Sheet ( Rs in crores ) Income Statement (Rs in crores)

    Mar-31 2010

    Shareholders' Funds 1283

    Borrowing 2230

    Sources 3513

    Mar-31 2010 change

    Revenue 3280 18%EBIDTA 432 24%Cash Accruals 220 245%

    Fixed Assets 2489

    Investments 44

    Net Current Assets 980

    Capital Employed 3513

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    Consolidated Financial Performance Q1 2010-11

    2010-11 2009-10 Chang

    Revenue 865 781 11%EBIDTA 118 99 19%

    Margin 14% 13%

    Q1 Rs in Crs

    Intrest & Finance Cost 65 62

    Cash Accruals 66 41 62%

    Depreciation 47 45

    (Loss)/ Profit Before Taxes 19 -4Net Profit after Minority Intere 20 -3

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    Arvinds Revenue

    2010-11: Rs. 3900 cr. 2014-15: Rs 8000+ cr

    Share of Brands & Retail as well as fabric retail expanding to 40%

    Share of domestic revenue likely to increase to 75% from current around 65%

    To add 100 Million Meters fabric manufacturing capacity: cap ex Rs. 850 cr.

    Revenue set to grow at 20%

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    Textile Business

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    Arvinds Textiles Business

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    Textile Business at a Glance

    Consists mainly of voiles business

    Growing at 15% p.a & Highly profitable

    Plans to add 20 M meters processingcapacity

    40

    56

    0

    10

    20

    30

    40

    50

    60

    2008-09 2009-10

    volume Mn mtrs

    41%

    Shirting & Khakis

    Denim volume grew by 31% to 88 M in

    2009-10

    Capacity to increase by 50 Million Mtrsto 150 M mtrs.

    Plans to set up denim plants inBangladesh

    Shirting & Khaki volumegrew by 41% to 56 M in2009-10

    Capacity to increase by30 Million Mtrs to 100 Mmtrs

    Incurred losses till 2009-10 Expected to break even inthe current FY

    To consolidate operationsfor the time being

    67

    88

    0

    20

    40

    60

    80

    100

    2008-09 2009-10

    Denim volume M Mtrs

    31%

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    Denim

    Our size

    With over 100 Million denim fabric manufacturing capacity, Arvind is one of the largest

    producers of denim in the world.

    Our Customers

    Miss Sixty | Diesel | Replay | Armani Exchange | Ann Taylor | Hugo Boss | Calvin Klein| Polo Ralph | A & F | Jack & Jones | Levis | Lee | Wrangler | Gap | Zara | Esprit | H &M | Quick silver |

    Our market share in India

    Arvind sold over 44 Million meters in India in FY 2009-10- a 37% rise against about15% growth in market.

    With market share of over 13%, Arvind is the largest player in domestic market inIndia.

    Arvind has about 50% market share with leading national & international brands inIndia.

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    Denim

    Denim growth

    Arvinds denim volume grew by 31% in FY 2009-10 .

    It expects to grow by 20% in current FY

    rv n s p ann ng o ncrease s en m capac y y a ou on

    over next 4 years at a total investment of Rs. 300 cr.

    Out of this, 30 Million denim capacity will come up in Bangladesh over

    next 3 years. The first 10 Million plant will commence operation in FY

    2011-12

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    Shirting and Khakis Fabrics

    Our size

    With over 70 Million denim fabric manufacturing capacity, Arvind is the largest

    producers of shirting & Khaki fabrics in the country.

    Our Customers

    Banana Republic | Brooks Brothers | Ann Taylor | Hugo Boss | Calvin Klein | PoloRalph | Eddie Bauer| Express | J Crew | Louis Phillip | Van Heusen | Arrow | Color

    Growth

    Arvinds shirting & Khaki volume grew by 41 % in FY 2009-10 .

    It expects to revenue to grow by over 20% in current FY

    Arvind is planning to set up 30 Million shirting fabric capacity at a total investment

    of Rs. 400 cr. over next 3 years. The first 10 Million plant will commence

    operation in FY 2011-12.

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    Retailing of Fabrics & Introduction of Innovative Products

    Began focus on retail of fabrics in Sept 2008: Within a span of 1 years, Arvindhas opened 832 Shop in Shop (SIS)

    Arvind, while continuing to rapidly add SIS, plans to open 100 exclusive stores onfranchised basis over next 3 years

    Arvinds Revenue from Fabric Retailing to grow to Rs. 800 cr from current Rs. 400 cr

    Shirting,125, 31%

    Suiting,30, 7%

    RTS, 45,11%

    Denim,

    10, 2%

    Voiles,200,49%

    Shirting,260, 30%

    Suiting, 120,14%

    RTS, 150,17%

    Denim, 30,4%

    Voiles, 300,35%

    2010-11 2012-13

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    he Arvind Store

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    Innovative andfuturistic fabrics

    New standards of

    Bespoke tailoring

    The best of Arvinds

    The Arvind Store brings together the best of Arvindunder one roof

    Experience2020 in 2010

    with clear

    functional benefits

    -

    portfolio

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    Welcome to the Future.Welcome to the Future.Welcome to the Future.Welcome to the Future.

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    Innovative Fabrics

    Three in One Miracle Fabric Ever Fresh

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    A new world of Bespoke tailoring

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    Margin Improvements

    EBIDTA margins likely to improve going forward :

    Denim & shirting & Khaki business generated

    margin of 22% in 2009-10 However, overall margin for entire textile business in 2009-10 was 15% as

    garments activity and knit fabric unit incurred losses

    Share in

    Revenue

    EBIDTA

    Margin

    Volume

    2009-10

    Planned

    addtion

    Denim & Shirting 64% 22% 144 M 80 M

    Others 36% 3%

    100% 15%

    consolidati

    on

    apac y a on o on e ers a ou ncrease p anne over nex -

    4 years in these businesses while other businesses consolidating

    Garments activity is likely to break even in the current FY

    Significant capacity additions leading to 15% revenue growth with relatively

    lower overhead increase (7-8%)

    Improving pricing power as share of retail revenue is growing (set to become

    20% of textile Business in next 3 years)

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    Risk Factors

    Foreign Exchange Net FX inflows of about $ 200 M

    Appreciation of rupee hurts margin

    Company takes forward covers for 2-3 years on rolling basis so that it can achieve at least

    Rs. 47 Share of exports from present 33% of revenue likely to fall to 25% next FY

    Cotton prices Increase in cotton prices may impact the margin to the extent the company is not able to

    .

    In the recent past the price increases have been very steep and signficant Gas prices

    Arvind has a 9 year contract with GAIL for supply of gas for its power plants. The gasprice are decided by Central Government

    Leverage

    Company is planning to realize about Rs. 1000 crores from real-estate divestment over next4 years which will help it pay off all its long term debt.

    Global Recession Global recessionary conditions do affect the volume of sale as well as pricing power.

    Arvinds reliance on exports has been steadily falling due to:

    Focus on domestic market for fabrics Significant revenue growth coming from brands & retail business

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    Retail Powerhouse in Apparel space

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    Owned Licensed

    Arvinds Brand Portfolio is unmatched in India

    Joint VenturePrivate Labels

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    Arvind Brands &Retail Business

    Sales Rs. 857 Crs

    Arvinds pedigree inApparel Brands & Retail

    is un-parallelled inIndia

    Arvinds Brands & Retail Business

    Brands &Retail subsidiariesSales: Rs 555 crs

    VF Arvind BrandsRetail

    Sales: Rs 50 Crs

    VF Arvind JV Arvind: 40%

    VF : 60%

    Sales: Rs 197 Crs.

    Arvinds share 40%=78 cr

    Arvind Tommy JVArvind: 50%Murjani: 50%

    Sales: Rs 55 Crs

    Arvind share 50%=28 cr

    In the following slides, the business strategy of Arvinds Brands and

    Retail Subsidiary companies is discussed

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    Rs. In Crs

    250 264

    355

    443

    555

    280

    330

    380

    430

    480

    530 CAGR28%

    06-07 to 09-10

    Fastest Growing Apparel Brands & Retail Company in India

    Sales Trend05-06 to 09 - 10

    230

    2005-06 2006-07 2007-08 2008-09 2009-10

    Published Q1 Results of Brands & Retail Companies Indicate that Arvind is the Fastest growingCompany in the Brands & Retail Space

    Company Growth %

    Shoppers Stop 24

    Trent 33

    Pantaloon (1.3) NotComparable

    Megamart (Arvind) 41

    Koutons (20%)

    Company Growth %

    Arvind Brands 95

    Madura 37

    Provogue 41

    Zodiac 11

    Kewal Kiran 36Titan 20

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    RevenueRs Crs

    % Growth

    ALBL 149 76

    ARL 146 34

    Revenue Growth in 2010-11 have been exceptional

    Following a 33 % revenue growth in 2009-10, the revenue grew by 52% infirst 5 months of the current FY

    Revenue- April-August 2010

    % LTL

    ALBL 26

    ARL 29

    One of the key growth drivers was like to like growth.Like to Like Growth April-August 2010

    Each of brands and the value retail chain-Mega-Mart are generating profit at PBT levels

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    Differentiated Strategy

    Arvind will emerge as a Powerhouse in Apparel Brands & Retail Space

    Factor 1

    Strong Growth Engines

    Factor 3

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    Globals

    (3)

    Strivers &

    Bridge to

    Luxury

    Premium

    Income Pyramid in

    2015 (households mn.) Arvind Portfolio

    India 1

    Seeks- AspirationalBrands

    - Lifestyle

    Presentation

    Consumer Need

    Consumer Needs & Arvinds Portfolio

    Aspirers

    (106)

    Seekers

    (61)

    Value

    Retail

    Brands

    `Arvind Strategy of catering to both Masses & Classes through portfolio of brand & retail formats is unique & differentiated vis--vis otherPlayers

    The strategy is yielding Excellent Results over the last Two Years

    India 2

    Seeks

    - Value Offering

    - One-stop-shopconvenientoffering

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    FinanceInformationTechnology

    Logistics SourcingHuman

    Resources

    Shared Services

    Efficient Organization Structure to drive exceptional growth at lower cost

    Business Groups

    DressFurnishings

    Denim &Sportswear

    ValueRetail

    Design & MerchandisingWholesale & Retail Sales Operations

    MarketingLicensing

    ESOP linked toRevenuegrowth & ROCE

    enior Management

    with an averageexperience of

    21 years

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    Rapid Roll Out of

    Successful MegaMart Hub & Spoke Model

    Distribution Expansion of Brands

    Multiple Growth Engines to Drive Accelerated Growth

    Growth Engine 1

    Growth Engine 2

    Category Expansion of Brands

    Launch of New Brands to fill up

    Market Segment Opportunities

    Growth Engine 3

    Growth Engine 4

    Growth Engine 1 will be Rapid Roll out of Successful Megamart Hub &

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    2 or 3 large format stores intier 1 towns of the state todrive brand imagery

    Wide offering 200 brandsat discount under one roof forconsumer convenience

    Small Format MegaMart

    Large Format MegamartLarge FormatMegamart

    Tier 1 Towns

    Own Stores inTier 2 & Tier 3

    Towns

    Growth Engine 1 will be Rapid Roll out of Successful Megamart Hub &Spoke Model

    Neighbourhood stores intier 1 towns to providehigh accessibility

    Own stores in tier 2 & tier 3towns

    Franchise stores in tier 4 towns

    Scope to expand to 785 towns

    To add 300,000 sq ft. every year leading to Rs. 250 crs. of incremental revenueper year apart from Like to Like Growth

    Franchise Storesin Tier 4 Towns

    NeighbourhoodStores in

    Tier 1 Towns

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    Large Format MM

    Example of MegaMarts Hub & Spoke Model Bangalore & South

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    Example of MegaMart s Hub & Spoke Model Bangalore & South

    % Contribution to MegaMart Revenues

    K a r n a t a k

    a

    & K e r e l a ,

    3 9 %

    Others,

    24%

    Andhra

    Pradesh, 13%

    Tamil

    Benefits of saturating the market:

    Exploiting fully the market potential

    before moving to new markets

    Leverage scale for :

    Supply Chain Efficiencies

    Media Effectiveness

    35 StoresAcross

    Bangalore

    Nadu, 24%

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    MegaMart Retail Space will grow to 2 Million sq. ft. by 2014 - 15

    M Sq ft

    2

    2

    2.5

    0.13

    0.6

    .

    0

    0.5

    1

    1.5

    2006 2011 2014 2015

    Growth Engine 2 : Rapid expansion of Distribution for

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    Distribution Expansion 1: Exclusive Brand Store Expansion

    000 Sq Ft of Retail Space

    Growth Engine 2 : Rapid expansion of Distribution forBrands

    600600

    700

    205

    300

    0

    100

    200

    300

    400

    2010-11 2011-12 2013-14

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    Arrow store US POLO store

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    Club America Flying Machine

    G h E i 2 R id i f Di ib i f B d

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    Distribution Expansion 2: Department Stores & Multi Brand Outlets

    With its brand portfolio Arvind Brands will dominate Menswear department of DepartmentStores

    Categories inMenswear

    No. ofBrandsstocked

    No. ofArvind

    %

    Growth Engine 2 : Rapid expansion of Distribution for Brands (contd)

    2009-10

    2010-11

    %Growth

    Department in Each

    Category

    Brands

    Super PremiumBrands in Select

    Stores8 2 25

    Formal 7 2 28

    Sportswear 7 3 43Denim 8 2 25

    Total 30 9 30

    Arvind Brands will occupy 30% of Menswear Departments of Department Stores

    Lifestyle 3.59 13.25 269%

    ShoppersStop

    7.43 14.5 95%

    Central 4.62 9.64 109%

    Globus 1.64 3.06 86%

    Total 17.28 40.45 134%

    First 6 Months Sales Growth indicate more than doubling of Sales in Department Stores

    Growth Engine 2: Rapid expansion of Distribution for Brands ( d)

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    Growth Engine 2: Rapid expansion of Distribution for Brands (contd)

    Distribution Expansion 3: International Expansion

    Arrow introduced in Splash, the No. 1 Department Store Chain of the Middle East

    adding 70 new doors for Arrow in the Middle EastCherokee License got extended to Middle East

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    Brand Possible Category Extension Launch Timeline

    Leather Goods

    Footwear

    Sept 2010

    Feb 2011

    Footwear October 2010

    Growth Engine 3 :Category Expansion of Brands

    Kids

    Footwear

    Luggage

    Feb 2011

    Sept 2011

    Dec 2010

    Active Wear Sept 2011

    Growth Engine :New Brands to occupy vacant segment Opportunities

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    Bridge to

    Luxury

    Premium

    Women

    Men

    Youth

    BRAND X

    Formal Sports

    Growth Engine :New Brands to occupy vacant segment Opportunities

    Value

    Retail

    Brands

    BRAND YCollection

    To Launch 2 new International Brands in the Youth & Women's Spacesin the year 2011

    Arvind is well on its way to be Brands & Retail Powerhouse in the

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    Rapid Roll Out of Successful

    Hub & Spoke Model

    Strong Growth Engines

    Rs 1100 Crs

    by 2011-12

    Apparel Space

    Multi

    Brand Strategy

    Category Expansion of Brands

    Launch of New Brands to fill up

    Market Segment Opportunities

    Rs. 2500 Crs

    by 2014-15

    Efficient

    Organization+ +

    Arvind Brands & Retail business will invest Rs. 550 cr. over next 5 years

    OC

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    Brands & Retail Business-ROCE

    Arvind Brands & Retail business, in current FY, ROCE will improve to 13%from 7%

    Improved asset turn (2.8 from 2.3)

    Increase in margin

    Scale advantage

    With 35% CAGR, Arvind Brands & Retail estimates its ROCE to over 20%over next 3 years:

    Improved buying efficiency

    Increase in same store sales

    Operating leverage on account of rapid increase in scale

    Further improvement in asset turns

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    Real Estate

    R l E t t

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    Real Estate

    dition

    Economic upturn in the city/ location

    HandoverPossession

    Valu

    eAd

    Time

    Change of Land

    useLandAggregation

    RegulatoryApprovals

    Project Launch

    ons ruc onMarketing

    R l E t t

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    Real Estate

    Get Regulatory approvals tosignificantly increase the marketvalue

    Arvind has a large land bank which it does not require for growth of its other businesses

    Realize the cash flow either throughsale of land or development in form

    of JV or on our own

    Realize

    Cash flow

    Develop

    Expertise

    In this business

    Over 500 acres of surplus land: Expected to generate Rs. 1000 Crs. over next 4 years :No incremental investment required

    Real Estate Recent Developments

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    Real Estate- Recent Developments

    Company sold some land as well as formed JV with a reputed localdeveloper:

    cash flow expected during

    FY 2010-11 - Rs. 100 crores

    FY 2011-12 - Rs. 100 crores

    Companys application for a township on about 135 acres of land nearAhmedabad has been approved by State government

    . The total project revenue will be about Rs. 3000 crores

    The company is looking at development of part of the land over next 2 years

    Phase I project revenue expected to be Rs. 750 crores and net cash flow

    realization is expected to be Rs. 180 crores over next 2-3 years. Company is also evaluating various proposals from reputed national developers

    for a JV

    Investment Considerations

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    Investment Considerations

    RevenueGrowth

    20%

    EBIDTAMargin

    Improvement 2-

    Sharp

    EBIDTAIncrease

    3

    RealEstate

    Divestment Rs.

    1000 cr

    ReducedCapital

    Employe

    d

    ROCEImproveme

    nt

    Improvereturns on

    shareholdersequity

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    Thank You