October 26, 2021

BSELimited
Departmentof CorporateServicesFloor 25, Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai- 400 001
Scrip Code No.:521016

Subject: Investor Presentation Q2 & H1 FY 22

Pleasefind enclosed herewith a copy of Investor Presentation on financial results for Q2 & H1 FY22.

Kindly take the above on record.

Thanking you,

Yours faithfully,

For Indo Count Industries Limited

Amruta Avasare Company Secretary ACS No.: 18844

Encl.:A/a

Indo Count Industries Ltd

Head Office 301, Arcadia, 3rt! Roor, Nariman Point, Mumbai - 400 021. Maharashtra. India; T; 022 4341 9500. F' 022 2282 3098 Marketing Office. Dosti Imperia. 2nd floor. Manpada. Ghodbunder Road. Thane (w)· 400 607, Maharashtra. India;T; 0224151 1800, F' 02221720121 Home Textile Division: T3, Kagal- Halkanangale Five Star MIDC Ind. Area. Kolhapur· 416216, Maharashtra, India; T: 0231 6627900, F: 0231 6627979 Spinning Division: 01. MIDC, Gokul Shirgaon. Kolhapur· 416234, Maharashtra, India; T 0231 268'7400, F: 0231 2672161 Regd. Office: Office No.1. Plot No. 266. Village A1te,Kumbhoj Road,Taluka Halkanangale. Dist, Kolhapur - 416 109. Maharashtra, India; T: 0230 2463100 12461929 CIN. L72200PNl988PLC068972, E [email protected], W. www.indocounlcom

Indo Count Industries Limited

Q2FY22 Investor Presentation October 2021

This presentation and the accompanying slides (the "Presentation"), which have been prepared by Indo Count Industries Ltd. (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

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 Presentation is expressly excluded.

This presentation contains 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 (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forwardlooking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.

Commenting on the results, Mr. Anil Kumar Jain - Executive Chairman said,

"The Company's intrinsic strength has been demonstrated by its operational performance in conjunction with consistent cash accruals.

The unprecedented supply chain challenges have been impacting the industry pervasively. At Indo Count, we have been able to arrest cost inflation through various measures and our dynamic approach is helping the Company to progress in response to market developments and pave the way for future growth."

Q2FY22 PERFORMANCE HIGHLIGHTS

Highest ever half yearly REVENUE Highest ever half yearly EBITDA

Particulars (Rs. In Crs)	Q2FY22	Q2FY21	YoY%	H1FY22*	H1FY21	YoY%
Total Income	767	724	6%	1,476	1,060	39%
EBITDA	139	127	10%	267	166	61%
EBITDA Margin	18.2%	17.5%	64 bps	18.1%	15.6%	245 bps

Navigating through Challenges despite…

Increase in overall input costs..
Rising freight costs, unavailability of shipping containers and longer transit duration…
Increase in Working capital due to investment in supply chain…

We believe that our revenue for FY22 shall cross Rs. 3,200 Crores

* Excludes RoSCTL benefits of Rs 49.99 Crores for the period of January 1, 2021 to March 31, 2021 H1FY22 PAT includes RoSCTL benefits of Rs 49.99 Crores for the period of January 1, 2021 to March 31, 2021

SALES VOLUME PERFORMANCE

QoQ Performance 18.1 18.9 Q1FY22 Q2FY22 +4.2% in million meters H1 Performance 32.7 37.0 H1FY21 H1FY22 +13.3% # *

*10% of Q2FY22 volumes has been shipped and in transit due to longer shipping duration thereby impacting sales volume for the quarter

#Q1FY22 volumes impacted by Covid induced lockdown resulting in shutdown of manufacturing activities from 15th May'21 to 23rd May'21

FY22 Volume Guidance: 85-90 Million Metres

IMPROVING PERFORMANCE RATIOS

NET DEBT/EQUITY

FY20 includes exceptional items of Rs. 98 Crs # Excludes RoSCTL benefits of Rs 49.99 Crores for the period of January 1, 2021 to March 31, 2021

All figures on Consolidated Basis * Annualised Basis

H1 FY22 CONSOLIDATED FINANCIAL PERFORMANCE

Particulars (Rs. Crs)	Q2FY22	Q2FY21	YoY%
Total Income	767	724	6%
EBITDA	139	127	10%
EBITDA Margin (%)	18.2%	17.5%	64 bps
Depreciation	10	11
Finance Cost	12	5
PBT	117	107	9%
Tax	32	27
PAT	85	81	5%
EPS	4.30	4.15

H1FY22	H1FY21	YoY%
1,476*	1,060	39%
267*	166	61%
18.1%*	15.6%	245 bps
20	22
24	10
223	130	71%
71	32
202	99	105%
10.24	5.06

CONSOLIDATED BALANCE SHEET

,,,,,,,,,,7777777777777777775555555555555555555
INDO COUNT\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
--------Complete Comfort

ASSETS (Rs.Crs)	30-Sep-21	31-Mar-21
Non-Current Assets
Property, Plant & equipment	559	540
Capital Work in progress	11	8
Right of Use	16	18
Other Intangible Assets	3	3
Financial Assets
i) Loans	3	4
Other Non-Current Assets	14	8
Total Non-Current Assets	607	581
Current Assets
Inventories	931*	718
Financial Assets
i) Investments	240	167
ii) Trade Receivables	441	516
iii) Cash and Cash Equivalents	49	120
iv) Bank Balances	7	7
v) Other Financial Assets	40	53
Current Tax Assets	14	9
Other Current Assets	277**	126
Total Current Assets	1,999	1,715
Total Assets	2,606	2,296

EQUITY AND LIABILITIES (Rs.Crs)	30-Sep-21	31-Mar-21
Equity
Equity Share Capital	39	39
Other Equity	1,406	1,245
Non Controlling Interest	5	6
Total Equity	1,451	1,290
Non Current Liabilities
Financial Liabilities
i) Borrowings	72	19
ii) Other financial liabilities	1	2
Provisions	3	3
Deffered Tax Liabilities	75	80
Other Non-Current liabilities	7	8
Total Non-Current Liabilities	158	111
Current Liabilities
i)Borrowings	673	537
ii)Trade Payables	216	235
iii) Other financial liabilities	29	29
Other Current Liabilities	73	94
Current Tax Liabilities	6	0
Total Current Liabilities	997	895
Total Equity and Liabilities	2,606	2,296

*Higher Inventory to manage the uncertainty around supply chain

**Includes government receivables (RoSCTL and RoDTEP)

Particulars (Rs. Crs)	30-Sep-21	31-Mar-21
Profit before Tax & Exceptional	273	343
Adjustment for Depreciation & other items	25	141
Operating profit before working capital changes	299	484
Changes in working capital	(322)	(425)
Cash generated from operations	(24)	59
Direct taxes paid (net of refund)	(73)	(75)
Net Cash from Operating Activities	(97)	(16)
Net Cash from Investing Activities	(104)	(189)
Net Cash from Financing Activities	130	185
Net Change in cash and cash equivalents	(70)	(20)
Cash and cash equivalents at the beginning of the period	120	139
Cash and cash equivalents at the end of the period	49	120

NEW CAPACITY TO DRIVE NEXT LEG OF GROWTH

BROWNFIELD EXPANSION

Expansion of its bed linen capacity by ~ 20% existing annual capacity of 90 Mn metres to 108 Mn metres by debottlenecking and balancing facilities
Brownfield investment for adding commensurate cut & sew facilities and for enhancing the capacity for Top of the Bed (TOB) products. This will entail a capex of ~ Rs. 150 crores

MODERNIZATION OF SPINNING CAPACITY

Modernization of spinning units with compact spinning technology
This will entail a capex of ~ Rs. 50 crores. Post modernization, this capacity will also be used for captive consumption in the home textiles unit

REVENUE VISIBILITY

These investments are expected to increase the revenue by ~Rs. 600 crores over the next 2 years, post commissioning.
The total capex will be ~ Rs. 200 crores and will be funded by a mix of internal accruals and debt and is expected to be operational in H2FY22

Capacity utilization ramp-up to drive FCF generation and improve return ratios

INDUSTRY PERFORMANCE

STRONG REBOUND IN USA RETAIL SALES

''September retail sales data confirms the sheer power of the consumer to spend, and we expect this to continue" - NRF

For the first nine months of the year, sales as calculated by NRF were up 14.5% over the same period in 2020

Despite persistent challenges related to the global pandemic, supply chain and labor shortages, retailers and their partners have shown resilience and ingenuity in getting the workforce, goods and systems in place to serve their customers and the communities

2011 2010 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

where they operate NRF predicts that the retail sales will grow between 10.5% and 13.5% to an estimated total of $4.44 trillion to $4.56 trillion in 2021, as the economy rebounds from the pandemic and customers spend money they have socked away

US Retail Ecommerce landscape: H1 2021

Online shopping has emerged as the most demanding and popular online activity worldwide.

The pandemic brought the "structural shift" in the shopping behaviour of the customers and strict Covid-19 protocols have played a major role in pushing the e-commerce and retail sector up to a greater extent not only in metros and megacities but also in tier-II and tier-III regions and beyond

SIGNIFICANT GROWTH IN INDIAN HOME TEXTILE EXPORTS MARKET

Indian Home Textile Market – Exports, USD Millions

298 188 -37% Q1FY20 Indian Home Textile Market – Imports, USD Millions

✓ The Indian Home Textile export demand mainly driven by the US, the largest market, accounting for 60% of India's home textile exports
✓ India's Home Textiles exports grew at a healthy rate of 9% to $ 5,728 million in FY 2021 despite pandemic-led operational disruptions
✓ The Country's Home textile exports to the US increased by 14% in FY 2021
✓ With growing demand for domestic products along with the government's support, Indian home textile industry is catering to domestic demand, thereby imports have seen a steep decline of 37% in FY2021 to $ 188 million

INDIA GAINING MARKET SHARE IN USA HOME TEXTILES MARKET

Figures in %

China+1 strategy has led to increase in India's market share

CHINA + 1 STRATEGY

CHINA + 1 strategy to play out as brands will seek second source

AVAILABILITY OF RM

Abundant availability of raw material – India is the world's largest cotton producer

'HOME' HAS BECOME A CENTER STAGE

Lifestyle changes has led to increased demand for Home and Home related products

ATMANIRBHAR BHARAT

Government's push for Atmanirbhar Bharat for import substitution and capacity building to dominate the global market

RETAIL CONSOLIDATION IN DEVELOPED MARKETS

03 China+ 1 strategy is expected to Structural shift due to strong balance sheet and increased capacities and capabilities

SHIFT TOWARDS FASHION, UTILITY & INSTITUTIONAL SEGMENT

capitalise on the target market of almost $10 bn (3x opportunity) to India

COMPANY SNAPSHOT

ABOUT US

Domestic Business

Launch of B2C & D2C brands

Largest manufacturer and exporter of bed sheets, bed linen, quilts from India while being the top bed sheet supplier to the US

Comprehensive product portfolio in the premium segment that comprises of bed sheets, fashion bedding, utility bedding and institutional bedding

OUR GLOBAL REACH

Indo Count exports to more than 54 countries across 5 continents and going forward to widen its geographical footprint

The Maps provided are for pictorial representation only

Flat Sheet Fitted Sheets Pillow-cases

Comforters & Duvets Shams & Decorative Pillows Quilts, Coverlets

Mattress Pads, Protectors, Pillows Down Alt Comforters

Basic white sheets Shams & Pillows Bed Skirts, Duvet covers

FORAY IN B2C & D2C SEGMENT

CAMPAIGNS IN INDIAN MARKET MARKETING STRATEGIES

Influencer marketing via local influencers
Initiated Personal based marketing and created ad campaigns for impressions and link clicks
Amazon, Facebook and Instagram

TIE-UP WITH ONLINE PLATFORM

• Initiated Marketing Advertisements with Myntra, Flipkart, Home-centre, Shoppers Stop and Amazon

linked Campaigns created Boutique Living has collaborated with Nupur Sanon, a famous influencer and upcoming celebrity

Other strategic Tie-ups

Initiated new Retail Branding commitments for LFS and MBO
Integration with B2B Lead generation agencies for new business opportunities

ACTIVITIES DURING THE QUARTER – BOUTIQUE LIVING

CAMPAIGNS

ACTIVITIES DURING THE QUARTER – LAYERS

GROWING OUR BRAND PORTFOLIO

The partnership will support Indo Count's long term vision to be the cornerstone for home textiles across the globe

Announced new partnership with a licensed brand, Jasper Conran O.B.E. for an exclusive bed and bath collection, launching in Spring 2022
The range will be sold and marketed internationally under the Jasper Conran London brand, exclusively through Indo Count Industries
This partnership with Jasper will create a high quality bed and bath brand incorporating natural fibres in superior thread counts and fabric constructions, using the most advanced technologies
Attention to detail and the integrity of the product will be central to the values of the brand

SUSTAINABILITY IS IN OUR DNA

Project GAGAN:

A sustainable

The programme aims at improving awareness among the farmers to cultivate sustainable forms of cotton.

In step with this mindset, we launched an initiative called 'GAGAN' to help farmers to cultivate sustainable cotton through our Better Cotton Initiative (BCI).

cotton initiative

Associated with SAC (Sustainable Apparel Coalition) through HIGG index tool. Two of our facilities at Gokul and Kagal have been certified with the Sustainable Apparel Coalition.

HIGG INDEX

The Higg Index delivers a holistic overview that empowers us to make meaningful improvements that protect the wellbeing of our factory workers, local communities, and the environment.

We are a Sustainable Textile Production (STep) certified company with all of our products authorised to use the 'Made in Green' labelling.

OEKO-TEX® Made in Green is a traceable product label for all forms of textiles.

A Made in Green product ID verifies that the item has been thoroughly inspected for hazardous substances. This is achieved by certification according to STANDARD 100 by OEKO-TEX®

ICIL is an official member of the U.S Cotton Trust Protocol

The US Cotton Trust protocol provides mills and manufacturers critical assurances they need to prove to their customers that they are an approved supply chain partner for brands and retailers who are sourcing more sustainably grown cotton.

Indo Count has contributed towards Project Gigaton since inception for reducing GHG emissions through various initiatives.

Indo Count has been awarded with the tittle of "Giga Guru" consecutively for the last three years.

>25000 MT Green House Gas Emissions reduction across various Gigaton Pillars

Indo Count is determined to protect the planet and people by contributing to climate change reduction by adopting of more renewable energy resources.

Indo Count collaborating with "The Science Based Targets initiative" (SBTi). SBTi is a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact.

SBTi offers various resources and guidance to companies worldwide to reduce carbon footprints and ensure a greener tomorrow.

This initiative has made our supply chain more sustainable and eco-friendlier

Dyes from Natural Waste Extract

To foster our sustainable offerings, we are using plantbased dyes on organic cotton for our PureEarth collection.

These dyes are synthesized from non-edible waste byproducts from agriculture and herbal industries, such

as turmeric, tamarind, pomegranate, indigo, nutshells, leaves and residues from plants like beets and bitter oranges, leaving the edible part still available for food consumption.

EDUCATION

We developed and adopted multifaceted approach through Elearning to increase attendance and stimulate learning amongst students
Besides E-learning, various other initiatives include distribution of school bags, Improving infrastructure in schools and providing educational support to the visually challenged students
50,000+ students of 100+ schools in and around Kolhapur have benefitted

HEALTHCARE

Medical Vans reaching 100 rural villages around Kolhapur providing free medicines and check-ups
3,50,000+ patients have been benefitted
Renovated Female Maternity & Gynac ward along with Cardiac department for a government hospital in Kolhapur
Renovation of District AIDS prevention and control unit

WOMEN EMPOWERMENT

Trained women through our skilled development centre
We partnered with the Government's Samarth Scheme a scheme for capacity building in the textiles sector (SCBTS). It is aimed at providing training and employment to potential youth in the textile space.

WATER & SANITATION

Installed pure drinking water facilities in various schools and public places
Collaborated with village gram panchayats to establish various sanitation programmes

CSR INITIATIVES

AWARDS & RECOGNITIONS

Mahatma Award recognizes and celebrates impact leaders and change makers across the globe, who are making social impact and leading the way to a sustainable future.

The prestigious Mahatma Award 2021 India was conferred to Indo Count Foundation under CSR Excellence Category, by hands of Dr. Kiran Bedi (ex. Hon. Governor – Puducherry and the First women IPS officer of the Country) at a glittering function at India International Centre- New Delhi on 1 st Oct. Indo Count Foundation has been appreciated for the excellent work through the CSR, which is making an enormous social impact.

TEXPROCIL EXPORT AWARDS 2019-20

Indo Count Industries Ltd. wins for a second consecutive year, two golds at Texprocil Export Awards 2019-20

Gold Trophy for the Highest export performance in Cotton Made Ups-Bed Linen/Bed Sheets/Quilts

Gold Trophy for the Special Achievement Award in Cotton Made-ups

✓ Recognized as 'Top Performer' suppliers at Walmart's Global Sourcing Sustainability Summit
✓ In Walmart 'Project Gigaton', Indo Count has contributed towards reducing GHG emissions through various initiatives such as installation of solar plant, and reduction in fresh water consumption via water recycling plant
✓ As an organization Indo count also supports Walmart's commitments on sustainable fibers, recyclable/sustainable packaging, and implementation of HIGG index

'BOUTIQUE LIVING' FELICITATED BY THE ECONOMIC TIMES AS 'ET ICONIC BRAND OF 2021'

'LAYERS' RECOGNIZED AS 'THE FEMINA POWER BRAND OF THE YEAR 2021'

Mr. Mohit Jain honoured with The Economic Times Business Leader: Youth Icon Textiles Award 2021

The 2021 edition of the Awards aimed to bring to the forefront noteworthy business leaders who are spearheading our economy by inspiring accelerated and sustainable growth in their respective fields, post the unprecedented COVID Crisis.

Mr. Mohit Jain has been actively steering growth at Indo Count, with his exemplary vision and vast experience in the textile domain.

"At Indo Count, our key focus has always been to weave an unforgettable legacy of corporate excellence and exceptional service. We continue to transform the world of textiles, one thread at a time."

-Mr. Mohit Jain, Executive Vice Chairman of Indo Count Industries Ltd

The recognition was conferred to Indo Count by the Governor of Maharashtra, for our work towards Corporate Social Responsibility
Commenting on the illustrious achievement, Mr. Mohit Jain, Executive Vice-Chairman of Indo Count Industries Ltd. stated, At Indo Count, we believe that the community is a key constituent of the nation's growth. We have always strived to be resolute in standing by the community enabling them to become resilient in facing challenges and overcoming them. We will continue our endeavors with further relevant initiatives to address the needs of the society."

Indo Count Industries Limited CIN: L72200PN1988PLC068972

Mr. K.R. Lalpuria, Executive Director & C.E.O [email protected]

Mr. K. Muralidharan, Chief Financial Officer (CFO) [email protected]

www.indocount.com

Company : Investor Relations Advisors :

Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285

Mr. Shogun Jain

[email protected] | +91 77383 77756

Ms. Ami Parekh [email protected] | +91 80824 66052