2Q FY22 Financial Results Presentation

22 October 2021

1

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.

2

Consolidated Financial Results

3

2Q FY22 - Key Messages

Performance

O2C and

Oil & Gas

Retail

Digital Services

  1. Record quarterly EBITDA - led by O2C, Retail and Digital Services
    • Consolidated EBITDA at ₹ 30,283 crore, up 30.0% YoY
  2. Net profit at ₹ 15,479 crore up 46.0% YoY
  1. Fifth sequential quarter of growth, with sharp recovery in refining margins
  2. Demand for major polymers and polyester products above pre-covid levels
  3. Upstream volume growth led by KG D6 ramp-up, segment EBITDA > ₹ 1,000 crore
  1. Revenues back to pre-Covid levels with easing of lockdown
  2. Fashion & lifestyle led increase in revenues and margins
  1. Healthy subscriber addition - gross addition of 35.6 Mn, highest in last 7 quarters
  2. Covid impact in the previous quarter leads to churn of low-end subscribers
  3. Significant increase in ARPU to ₹ 143.6 with improving subscriber mix

100% of eligible employees covered for Dose 1 under "Mission Vaccine Suraksha", 96% fully vaccinated

Robust operating performance led by multiple growth engines

4

Consolidated Financial Results : 2Q FY22

Change

Change

(₹ crore)

2Q FY22

1Q FY22

QoQ

YoY

Revenue

191,532

158,862

20.6%

49.2%

EBITDA

30,283

27,550

9.9%

30.0%

Finance Cost

3,819

3,397

12.4%

-37.2%

Depreciation

7,230

6,883

5.0%

9.1%

PBT

19,234

17,270

11.4%

81.6%

Tax

3,755

3,464

8.4%

-

Net Profit

15,479

13,806

12.1%

46.0%

  • Standalone net profit at ₹ 9,228 crore, up 44.1% YoY
  1. YoY strong recovery in Revenues and Profits
  2. QoQ revenue growth led by O2C and Retail
    • Higher realizations aided O2C, easing of localized lockdowns lifted Retail revenues
  3. QoQ increase in EBITDA led by Retail
    • O2C, Digital Services, Oil & Gas also contributed positively
  4. QoQ Net Profit up 12.1% despite higher finance, depreciation and tax charges

All key operating segment contributed positively to earnings growth

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Reliance Industries Ltd. published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 17:23:13 UTC.