Pearl Global Industries : Investor Presentation

Investor Presentation

August 2022

Safe Harbour

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Q1FY23 Highlights

Message from the Management

Commenting on the Results, Mr. Pulkit Seth, Vice-Chairman & Non-Executive Director, said, "We are elated to report the highest ever first quarter revenue in Q1FY23 since inception. While the demand environment is currently in flux on a global level due to fears of a recession in the US, this is a short-termhiccup, and we are confident that Indian exports would continue to gain traction over the medium to long term, on the back of 'China+1' adoption, India's market share gain from other competitive nations and the high likelihood of India signing FTA agreements with Europe and the UK."

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Commenting on the Results, Mr. Pallab Banerjee, Managing Director said, "I am happy to state that the growth

momentum continued for us in Q1FY23 and we achieved a pathbreaking highest ever Q1 revenue. Increase in contribution from inhouse and partnership factory and improved capacity utilizations in Vietnam and Bangladesh coupled with a better product mix were the factors that attributed to this 95% yoy revenue growth. With improved volumes, came in the operating leverage and that was visible in the 370bps improvement in EBIDTA margins. Our efforts on improving the operational efficiencies are now bearing fruits and we are confident of continuous improved performance in the long run."

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