V2 Retail Limited - Investor Presentation 2021

V2 Retail Limited

August 13, 2021

BSE Limited	National Stock ExchangeOf IndiaLimited
Corporate RelationshipDepartment	ListingDepartment
1"Floor, NewTrading,RotundaBuilding,	Exchange Plaza,BandraKurla Complex,
PJ Towers,DalaiStreet,Fort,	Bandra (East),
Mumbai--400001	Mumbai--400051
ScripCode -- 532867	Scrip Code--V2RETAIL

SybLIDYQstor Presentation for QI FY 2021-22

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith Investor Presentation for QI FY2021-22.

The investor presentation shallalso be uploaded on the website of the Company

You are requested to kindly take the above on record

Thanking you,

Yours tr'ult

ForVZ RetiitUMiled

\ .'P:'o-w;;:'' I

Sudhit ' Kumar,/' ,

Coritialliljllg;9i!:fy & Compliance Officer

End.: As above

Khasra No. 919,921 ,926,928, Extended Lal Dora AbadiVillage Kapashera Teshil Vasant Vihar, South West Delhi-110037 Land Mark:- Fun N Food Village Amusement Park ' Tel.: 011-41771850 E-mail : customercare(@vrl.net.in, cs<!vrl.net.in ' Website: www.v2retail.com . CIN : L74999DL2001 PLC147724

Q1 FY22 Result Update

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1
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Safe Harbor

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This presentation and the accompanying slides (the “Presentation”), which have been prepared by V2 Retail 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 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. Competition

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Q1 FY22 Highlights

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Performance Highlights Q1 FY22 - Standalone

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EBIDTA

₹ 107 Mn in Q1 FY22 as compared to ₹ 72 Mn in Q1 FY21.

Gross Profit

PBT

₹ 261 Mn in Q1 FY22 as compared to ₹ 110 Mn in Q1 FY21.

₹ (131) Mn in Q1 FY22 as compared to ₹ (118) 03 Mn in Q1 FY21. 02 04 01 05

Revenue

PAT

₹ 825 Mn in Q1 FY22 as compared to ₹ 370 Mn in Q1 FY21.

₹ (102) Mn in Q1 FY22 as compared to ₹ (89) Mn in Q1 FY21.

Highlights Q1 FY22

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Store Count & Retail Area 93 Stores at end of Q1 FY22 (Opened 1, Closed 3) Total Retail area ~9.8 lakh sq.ft.

SSG

Same Store Sales Growth 67% in Q1 FY22 ASP Average Selling price in Q1 FY22 was ₹ 250 (Q1 FY21 ₹249)

ABV

Average Bill value in Q1 FY22 was ₹ 757 (Q1 FY21 ₹774)

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PSF Sales per square feet per month in Q1 FY22 was ₹ 236 (Q1 FY21 ₹ 141)

Ke Trends y

Lockdown and related restrictions impacted operations at majority of our stores in Q1 FY22. The stores were operational on an average for 45% days of the total days

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Our targeted stores addition for H1 FY 22 are also delayed. However, we on track of opening planned stores for FY 22 02

At V2, with our strong customer connect we have witnessed strong rebound in demand post relaxation of restrictions in Q2 FY22.

With above normal monsoon so far, we forsee substantial pick up in demand during festival season starting August 04 2021 onwards

Standalone Financial Highlights

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Profit & Loss - Standalone

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Particulars(₹ million)	Q1 FY22	Q1 FY21	Y-O-Y	Q4 FY21	FY2021
Revenue from Operations	825	370	123%	1,893	5,386
Other Income	91	74		84	222
Total Income	916	443		1,977	5,608
Gross Profit	261	110	138%	418	1,583
*GP Margin(%)*	31.7%	29.7%		22.1%	29.4%
EBIDTA	107	72	49%	123	709
*EBIDTA Margin(%)*	12.9%	19.5%		6.5%	13.2%
Depreciation	149	121	-	142	538
Finance Cost	89	68	-	88	302
PBT Before Exceptional Item	(131)	(118)		(107)	(131)
*PBT Margin(%)*	*-14.3%*	*-26.6%*		*-5.4%*	*-2.3%*
Exceptional Item(Gain) / Loss	-	-		-	-
PBT	(131)	(118)		(107)	(131)
*PBT Margin(%)*	-14.3%	-26.6%		-5.4%	-2.3%
PAT	(102)	(89)		(86)	(110)
*PAT Margin(%)*	*-11.1%*	*-20.1%*		*-4.4%*	*-2.0%*
Total Comprehensive Income	(102)	(89)		(86)	(110)
EPS Basic(₹ per share)^	(2.99)	(2.62)		(2.53)	(3.24)
EPS Diluted(₹ per share)^	(2.98)	(2.61)		(2.52)	(3.24)

^ Not Annualised

Pre Ind AS 116 P&L (Standalone)

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Particulars(₹ million)	Q1 FY22	Q1 FY21	Y-O-Y	Q4 FY21	FY2021
Revenue from Operations	825	370	123%	1,893	5,386
Other Income	1	4		13	19
Total Income	826	374		1,906	5,405
Cost of Material Consumed	564	260		1,475	3,803
Gross Profit	261	110	138%	418	1,583
*GP Margin(%)*	*31.7%*	*29.7%*		*22.1%*	*29.4%*
Employee Benefit Expenses	87	59		165	477
Other Expenses	246	111		348	1,019
EBIDTA	(71)	(56)		(82)	106
*EBIDTA Margin(%)*	*-8.6%*	*-15.2%*		*-4.3%*	*2.0%*
Depreciation	49	43	-	38	176
Finance Cost	10	0	-	4	6
PBT Before Exceptional Item	(130)	(99)		(124)	(76)
*PBT Margin(%)*	*-15.7%*	*-26.6%*		*-6.5%*	*-1.4%*

IND AS 116 became applicable effective annual reporting period beginning April 1, 2019. The Company has adopted the standard, using the modified retrospective approach for transition. The table highlights the Pre Ind AS 116 P&L

Profit & Loss - Consolidated

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Particulars(₹ million)	Q1 FY22	Q1 FY21	Y-O-Y	Q4 FY21	FY2021
Revenue from Operations	825	370	123%	1,893	5,386
Other Income	91	77		84	230
Total Income	917	447		1,977	5,616
Gross Profit	268	113	139%	425	1,628
*GP Margin(%)*	32.5%	30.4%		22.4%	30.2%
EBIDTA	99	74	34%	109	715
*EBIDTA Margin(%)*	12.0%	20.0%		5.7%	13.3%
Depreciation	153	125	-	146	555
Finance Cost	90	71	-	90	313
PBT Before Exceptional Item	(144)	(122)		(128)	(153)
*PBT Margin(%)*	*-15.7%*	*-27.4%*		*-6.5%*	*-2.7%*
Exceptional Item(Gain) / Loss	-	-		-	-
PBT	(144)	(122)		(128)	(153)
*PBT Margin(%)*	-15.7%	-27.4%		-6.5%	-2.7%
PAT	(113)	(93)		(103)	(128)
*PAT Margin(%)*	*-12.3%*	*-20.8%*		*-5.2%*	*-2.3%*
Total Comprehensive Income	(113)	(93)		(102)	(129)
EPS Basic(₹ per share)^	(3.32)	(2.73)		(3.01)	(3.77)
EPS Diluted(₹ per share)^	(3.31)	(2.73)		(3.01)	(3.76)

^ Not Annualised

Store Presence

Jammu & Kashmir (1)

Kathua

Himachal (1)

Solan

NCR (4)

Mahipalpur; Faridabad; Kapasehra 1; Kapssehra 2

Madhya Pradesh (3)

Jabalpur; Sagar; Rewa

Goa (2)

Panaji; Bicholim

Karnataka (4)

Hubli; Belgaum, Vijaynagar, Gulbarga

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Uttar Pradesh (21)

Gorakhpur 1; Gorakhpur 2; Sitapur; Varanasi 1; Padrauna; Gazipur; Pratapgarh; Lucknow; Behraich; Akbarpur, Varanasi 2; Azamgarh; Ballia ; Varanasi 3; Gorakhpur 3; Basti; Raebareli; Jaunpur; Prayagraj; Mirzapur; Balrampur

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Odisha (14)

Cuttack; Berhampur; Bhuwaneshwar 1; Jeypore; Bhuwaneshwar 2; Bhuwaneshwar 3, Jajpur, Angul, Bhadrak, Balasore; Nimapada; Sundergarh; Raj Khariar; Rourkela

Uttarakhand (4)

Haldwani; Roorkee; Haridwar, Khatima;

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Arunachal (1)

Itanagar

Assam (6) & Tripura (1)

Guwahati 1; Guwahati 2; Guwahati 3; Silchar; Barpeta; Jorhat; Agartala

Bihar (23)

Patna ; Gaya; Darbhanga; Bhagalpur; Bettiah; Arrah; Purnia; Siwan; Bihar Sharif; Begusarai (1); Sitamarhi; Motihari; Saharsa; Samastipur, Barh ; Banka; Buxer; Aurangabad; Begusarai (2); Muzaffarpur; Madhubani; Patna 2; Gopalganj

Jharkhand (8)

Jamshedur; Ranchi; Hazaribagh; Deogarh; Rajdhanwar, Chas, Dumka; Daltonganj

Our Brands

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Banka, Bihar
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– Promotions Campaigns Q1 FY22

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– Promotions Campaigns Q1 FY22

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– Promotions Campaigns Q1 FY22

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Board of Directors

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Board of Directors

Mr. Ram Chandra Agarwal, Chairman and Managing Director

Mr. Agarwal holds a bachelor’s degree in Commerce.
Has a vast experience of ~ 25 years of entrepreneurial and business
He has been a member of the Board of Directors since inception.
He provides strategic direction to the Company and is the driving force behind the establishment and growth of the Company.
He is the pioneer in value retailing and brought this concept in India.

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Ms. Rochelle Susanna Dsouza, Nominee Director

Mrs. Uma Agarwal, Whole Time Director

Mr. Akash Agarwal, Whole Time Director & CFO

Mrs. Agarwal holds a • Mr. Akash Agarwal holds a • Ms. Rochelle Susanna Dsouza bachelor’s degree in Arts. bachelor’s of business holds BE in Electronics &
• Has a vast experience of ~ 15 administration from Lancaster Communication and an MBA. She years in the retail industry. University, UK is also a CFA Level III Candidates
• Has been a member of the • He has more than 7 years of • Is a Principal at Lighthouse , a Board of Directors since experience in the Retail mid-market consumer focused inception. Industry. private equity fund.
• She oversees the marketing • He looks after E-Commerce, • Prior to Lighthouse, she worked strategies of the Company. Procurement and Financial. at SBI Capital Markets, Investment Banking Division, where she focused on equity capital market transactions.
He was conferred several awards at different forums such as Ernst & Young Entrepreneur of the year award in 2008 and 4Ps Power Brand Award in 2007.

Board of Directors

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Mr. Harbir Singh Sidhu Independent Director

A Graduate (BA HONS) from Cambridge University having vast experience of 44 years.
Mr Sidhu has taught Economics at Punjab University and JNU & worked as consultant with Planning commission.
He has vast experience in retail industry, he has worked with: Ebony Retail Holding as Operations Manager, Vishal Mega Mart as Operations Manager, Koutons Retail as Executive Vice President, Credo Brands Marketing Private Limited (Mufti) as CEO

Dr. Arun Kumar Roopanwal Independent Director

He has over 35 Years of extensive experience in working with various retail companies.
He is having a vast experience the field of Marketing, Product Development, Business Development, Strategic Planning and Administration.

	Mr. Lalit Kumar		Mrs. Archana S Yadav
	*Independent Director*		*Independent Director*

He has over 30 Years of ▪ A Chartered Accountant in experience in India and practice with more than 14 Dubai. As an years of experience, having Entrepreneurial Profits & expertise in GST, Income Tax, Growth strategist, he has International Tax & Corporate worked with multiple Audits. sectors like Finance, Retail, Education & Skill ▪ She served as Financial Advisor Development, to the autonomous body M/s Infrastructure etc.. National Institute of Solar Energy, under Ministry of New
▪ Mr. Lalit has extensive & Renewable Energy. She has experience in Retail also worked with various Industry. He was MNC’s as Management associated with various Consultant, Service tax retail chains both in India Consultant & Direct Tax and Dubai. He has also advisor. been a visiting faculty to NIFT, New Delhi. ▪ She was appointed as GST Faculty by ICAI for GST knowledge sharing across India.

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Key Financial Indicators - Historical

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– Financial Highlights Standalone Profit & Loss Account

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					₹ in Million
Particulars	FY2017	FY2018	FY2019	FY2020	FY2021
Revenue from Operations	4,720	5,594	7,484	7,012	5,386
Other Income	16	33	99	23	222
Total Income	4,736	5,627	7,583	7,035	5,608
*Growth(%)*	65%	19%	34%	-6%	-23%
Gross Profit	1,388	1,804	2,421	1,960	1,583
*GP Margin(%)*	*29%*	*32%*	*32%*	*28%*	*29%*
EBIDTA	431	550	568	783	709
*EBIDTA Margin(%)*	9%	*10%*	8%	*11%*	*13%*
Depreciation	61	84	144	505	538
Finance Cost	86	6	7	299	302
PBT Before Exceptional Item	283	460	417	(21)	(131)
*PBT Margin(%)*	6%	8%	5%	0%	*-2%*
Exceptional Item(Gain) / Loss	233		266	-125	-
PAT	390	311	205	101	-110
*PAT Margin(%)*	8%	6%	2.7%	1.4%	-2.3%
Total Comprehensive Income	390	310	204	96	(110)

Balance Sheet - Standalone

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Particulars(₹ in Mn) FY2021 FY2020		Particulars(₹ in Mn) FY2021 FY2020
ASSETS		EQUITY AND LIABILITIES
Non-current assets		Equity
Property, plant and equipment 971 889		Equityshare capital 341 341
Capital Work in Progress - -		Other equity 2,378 2,464
Right to use Assets 2,849 2,394		Total - Equity 2,719 2,805
Other intangible assets 5 12
Intangible assets under development 46 41		LIABILITIES
Financial assets		Non-current liabilities
Loans 65 59		Borrowings 1 8
Other financial assets 3 123		Lease Liability 3,056 2,658
Investment in Subsidiary 150 150		Financial liabilities 1 1
Deferred tax assets(net) 233 212		Provisions 27 24
Income tax assets(net) 21 19		Other non-current liabilities - -
Other non-current assets 174 173		Total Non-Current Liabilities 3,085 2,691
Total - Non-Current Assets 4,517 4,073
Current assets		Current liabilities
Inventories 2,654 1,962		Borrowings 497 226
Financial assets		Lease Liability 320 213
Cash and cash equivalents 152 605		Tradepayables 1,173 1,040
Bank balances other than cash & cash equivalents 7 70		Other financial liabilities 100 66
Other financial assets 7 3		Provisions 22 19
Trade Receivables 143 130		Other current liabilities 14 12
Other current assets 452 230		Total - Current liabilities 2,127 1,576
Total - Current Assets 3,414 2,999		Liabilities directly associated with assets classified as held for sale -
Assets classified as held for sale -
TOTAL - ASSETS 7,931 7,072		TOTAL - EQUITY AND LIABILITIES 7,931 7,072

Financial Hi hli hts – Consolidated Profit & Loss Account g g

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Particulars(₹ million)		FY2021	FY2020
Revenue from Operations		5,386	7,012
Other Income		230	25
Total Income		5,616	7,037
Gross Profit		1,628	1,960
	*GP Margin(%)*	30.2%	27.9%
EBIDTA		715	773
	*EBIDTA Margin(%)*	13.3%	11.0%
Depreciation		555	510
Finance Cost		313	303
PBT Before Exceptional Item		(153)	(39)
	*PBT Margin(%)*	*-2.7%*	*-0.6%*
Exceptional Item(Gain) / Loss		-	(125)
PBT		(153)	87
	*PBT Margin(%)*	-2.7%	1.2%
PAT		(128)	88
	*PAT Margin(%)*	*-2.3%*	*1.2%*
Total Comprehensive Income		(129)	83
EPS Basic(₹ per share)^		(3.77)	2.57
EPS Diluted(₹ per share)^		(3.76)	2.57

Balance Sheet - Consolidated

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Balance Sheet - Consolidated
Particulars(₹ in Mn) FY2021 FY2020		Particulars(₹ in Mn) FY2021 FY2020
ASSETS		EQUITY AND LIABILITIES
Non-current assets		Equity
Property, plant and equipment 1,049 922		Equityshare capital 341 341
Capital Work in Progress - -		Other equity 2,346 2,451
Right to use Assets 2,895 2,453		Total - Equity 2,687 2,792
Other intangible assets 5 12
Intangible assets under development 46 41		LIABILITIES
Financial assets		Non-current liabilities
Loans 66 60		Borrowings 1 49
Other financial assets 3 228		Lease Liability 3,094 2,708
		Financial liabilities 1 1
Deferred tax assets(net) 241 216		Provisions 28 24
Income tax assets(net) 22 20		Other non-current liabilities - -
Other non-current assets 174 173		Total Non-Current Liabilities 3,124 2,782
Total - Non-Current Assets 4,502 4,127
Current assets		Current liabilities
Inventories 3,018 2,152		Borrowings 497 276
Financial assets		Lease Liability 331 223
Cash and cash equivalents 219 605		Tradepayables 1,315 1,032
Bank balances other than cash & cash equivalents 7 70		Other financial liabilities 138 69
Other financial assets 7 3		Provisions 22 19
Trade Receivables 7 0		Other current liabilities 15 12
Other current assets 371 249		Total - Current liabilities 2,319 1,631
Total - Current Assets 3,628 3,079		-

TOTAL - ASSETS 8,130 7,205		TOTAL - EQUITY AND LIABILITIES 8,130 7,205

CASH FLOW STATEMENT FOR MARCH 31, 2021

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	Standalone	Standalone	Consolidated	Consolidated
Particulars (₹ in Mn)	FY2021 FY2020		FY2021 FY2020

PBT	(131)	105	(153)	87
Adjustments	691 665		710 671
Operating profit before working capital changes	560	770	557	758
Changes in working capital	(712) 176		(522) (14)

Cash generated from operations	(152) 946		36 744
Direct taxes paid (net of refund)	(2)	(3)	(2)	(3)

Net Cash from Operating Activities	(154)	943	34	741

Net Cash from Investing Activities	(159)	(53)	(203)	65

Net Cash from Financing Activities	(140)	(368)	(216)	(284)

Net Change in cash and cash equivalents	(453)	522	(386)	522
Opening Cash Balance	605 83		605 83

Closing Cash Balance	152 605		219 605

Robust Financial Performance

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Key Operating Metrics

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Thank You

For further information please contact:

Investor Relation Advisors: Company: Dr. Rahul Porwal Mr. Sudhir Kumar Marathon Capital Advisory Private Limited (Company Secretary & Compliance Officer) Tel : +91-22-40030610 V2 Retail Limited Email : [email protected] Tel : +91-11-41771850 ~~Email : [email protected]~~ t.in

AI assistant

V2 Retail Limited — Investor Presentation 2021

62630_rns_2021-08-13_67182454-5893-4546-a710-d967e3dde355.pdf

~~Q1 FY22 Result Update~~

Safe Harbor

Q1 FY22 Highlights

Performance Highlights Q1 FY22 - Standalone

EBIDTA

Gross Profit

PBT

Revenue

PAT

Highlights Q1 FY22

SSG

Ke Trends y

Standalone Financial Highlights

Profit & Loss - Standalone

Pre Ind AS 116 P&L (Standalone)

Profit & Loss - Consolidated

Store Presence

Jammu & Kashmir (1)

Himachal (1)

NCR (4)

Madhya Pradesh (3)

Goa (2)

Karnataka (4)

Uttar Pradesh (21)

Odisha (14)

Uttarakhand (4)

Arunachal (1)

Assam (6) & Tripura (1)

Bihar (23)

Jharkhand (8)

Our Brands

– Promotions Campaigns Q1 FY22

– Promotions Campaigns Q1 FY22

– Promotions Campaigns Q1 FY22

Board of Directors

Board of Directors

Key Financial Indicators - Historical

– Financial Highlights Standalone Profit & Loss Account

Balance Sheet - Standalone

Financial Hi hli hts – Consolidated Profit & Loss Account g g

Balance Sheet - Consolidated

CASH FLOW STATEMENT FOR MARCH 31, 2021

Robust Financial Performance

Key Operating Metrics

Thank You

For further information please contact:

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