1Q FY23 Financial Results Presentation

22 July 2022

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Forward Looking Statement

This presentation contains forward-looking statements which may be identified by their use of words like "plans," "expects," "will," "anticipates," "believes," "intends," "projects," "estimates" or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements.

Forward-looking statements are based on certain assumptions and expectations of future events. The companies referred to in this presentation cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. These companies assume no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events, or otherwise.

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Consolidated Financial Results

1Q FY23 - Highlights

  1. Record quarterly earnings
    • Consolidated EBITDA at ₹ 40,179 crore, up 46% YoY
    • Net profit at ₹ 19,443 crore, up 41% YoY
  2. Strong O2C earnings with firm demand and extraordinary dislocation in energy markets causing supply constraints
  3. Record Retail Revenues and EBITDA with margin expansion led by favourable revenue mix, normalised store operations and higher footfalls
  4. Jio net subscriber addition shows a strong rebound to 9.7 Mn, traction in FTTH and improved ARPU
  5. Oil and Gas business benefited from higher production in KGD6 and improved realizations

Superior overall performance led by O2C and operating leverage in consumer businesses

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1Q FY23 - Key Achievements and Milestones (1/2)

Retail

Revenue ₹ 58,569 crore

EBITDA ₹ 3,849 crore

Digital Services

Revenue ₹ 28,511 crore

EBITDA ₹ 11,707 crore

  1. Revenue up 52% YoY; EBITDA up 97% YoY
  2. Total store count at 15,866, added 792 new stores in 1Q FY23
  3. Crossed milestone of 200 Million registered customers, now at 208 Million
  4. Digital and New Commerce grew 2x YoY, contribute 19% of gross revenue
  1. Revenue up 22% YoY; EBITDA up 26% YoY
  2. ARPU at ₹ 175.7, up 27% YoY; RJIL EBITDA margin at 50.5%, up 254 bps YoY
  3. Customer base of 419.9 Mn as of June'22 with reduced SIM consolidation impact
  4. Data traffic up 27% YoY with healthy customer traction, overall traffic at 25.9 Exabytes

Focus on scaling up consumer touch points and enhanced value proposition

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Reliance Industries Ltd. published this content on 22 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2022 16:13:02 UTC.