Aditya Birla Fashion And Retail Ltd · NSE:ABFRL
Aditya Birla Fashion And Retail — Q1 FY23 Earnings Presentation
51 slides from Aditya Birla Fashion And Retail's earnings presentation, Aug 5, 2022
Slide 1: Outcome of the Board Meeting
ADITYA BIRLA FASHION & RETAIL August 5, 2022 BSE Limited National Stock Exchange of India Limited Scrip code: 535755 Symbol: ABFRL Sub.: Outcome of the Board Meeting of Aditya Birla Fashion and Retail Limited ("the company") Ref.: 1. Regulation 30 (read with Schedule 111 - Part A), 33 of the Securit
Slide 2: Statement of Unaudited Standalone Financial Results Q1 FY23
fA_SHION & RETAil Aditya Blrla Fashion and Retail Limited STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2022 "in Crore Quarterenoeo Yearenoea Sr. June 30, 2022 March 31, 2022 June 30, 2021 March 31, 2022 Particulars No. (Unaudited) (Audited) (Unaudited) (Audited)
Slide 3: Notes to Standalone Financial Results
Notes: 1 The above standalone financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) - 34 "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as ame
Slide 4: Notes: Reebok rights and Preferential Issue
9 On December 14, 2021 the Board approved acquiring exclusive online and offline rights to the global brand 'Reebok' for the Indian market and other ASEAN countries and purchase of certain assets of 'Reebok India Company' including inventory, currents assets/liabilities by way of entering into a Lic
Slide 5: Ratio definitions
Ratios have been computed as follows: 1. Debt service coverage ratio= Earnings before interest* and tax/ (Finance cost*+ Principal repayment of borrowings) 2. Interest service coverage ratio= Earnings before interest* and tax/ Finance cost* 3. Bad debts to Account receivable ratio= Bad debts/ Averag
Slide 6: Auditor Review Report (Standalone)
Price Waterhouse & Co Chartered Accountants LLP Review Report To The Board of Directors Aditya Birla Fashion and Retail Limited Piramal Agastya Corporate Park, Building 'A' 4th and 5th floor, Unit No. 401,403, 501 and 502 L.B.S. Road, Kurla Mumbai-400 070 1. We have reviewed the unaudited financial
Slide 7: Auditor Review Report (Standalone) continued
Price Waterhouse & Co Chartered Accountants LLP 5. The Standalone Financial Results of the Company for the quarter ended June 30, 2021 prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015, were reviewed by another firm of chartered accountants who issued their unmodified c
Slide 8: Statement of Unaudited Consolidated Financial Results
STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2022 'tin crore Quarter ended Year ended Sr. June 30, 2022 March 31, 2022 June 30, 2021 March 31, 2022 Particulars No. (Unaudited) (Audited) (Unaudited) (Audited) (Refer Note 3) I Revenue from operatic;ms 2,874.76 2
Slide 9: Consolidated Segmentwise Revenue, Results, Assets and Liabilities
UNAUDITED CONSOLIDATED SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER ENDED JUNE 30, 2022 ~ In crore Quarter ended Year ended June 30, 2022 March 31, 2022 June 30, 2021 March 31, 2022 Sr. Particulars No. I Segment revenue (Unaudited! (Audited! (Refer Note 3) (Unaudited! I (Audi
Slide 10: Notes to Consolidated Financial Results
Notes: The above consolidated financial results have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. 2 The above consolidated financial res
Slide 11: Auditor Review Report (Consolidated)
Price Waterhouse & Co Chartered Accountants LLP Review Report To The Board of Directors Aditya Birla Fashion and Retail Limited Piramal Agastya Corporate Park, Building 'A' 4 th and 5 th floor, Unit No. 401,403,501 and 502 L.B.S. Road, Kurla Mumbai-400 070 1. We have reviewed the unaudited consolida
Slide 12: Auditor Review Report: Entities included
Price Waterhouse & Co Chartered Accountants LLP 5. The Consolidated Financial Results includes the results of the following entities: Holding Company Aditya Birla Fashion and Retail Limited Trust controlled by the Holding Company ABFRL Employee Welfare Trust Subsidiaries (including step-down subsidi
Slide 13: Auditor Review Report continued
Price Waterhouse & Co Chartered Accountants LLP 8. The Consolidated Financial Results of the Group for the quarter ended June 30, 2021 prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015 were reviewed by another firm of chartered accountants who issued their unmodified co
Slide 14: Press Release: Highest ever Q1 sales with 39% revenue growth
PRESS RELEASE Aditya Birla Fashion and Retail posts highest ever Q1 sales with 39% revenue growth over pre-COVID levels; EBITDA grew 51% over the period to Rs. 500 Cr. Performance Highlights 1. Momentum from H2 last year continued in Q1 as consumer confidence improved leading to traffic growth acros
Slide 15: Press Release: Segment performance
FASHION & RETAIL expansion, accelerated E-commerce and omni-channel play have been key drivers of growth in the quarter. Each of the business segments posted a strong performance. • Lifestyle brands – Revenues grew 51% over pre-COVID levels to Rs. 1519 Cr., while EBITDA grew 40% to Rs. 266 Cr., on t
Slide 16: About Aditya Birla Fashion and Retail Limited
FASHION & RETAIL propositions and drive sales via both physical and online stores. We are confident of the long-term prospects of the Indian Apparel sector and remain focused on delivering strong, consistent, profitable growth. About Aditya Birla Fashion and Retail Limited ABFRL is part of a leading
Slide 17: Performance Highlights FY 2023
PERFORMANCE HIGHLIGHTS FY 2023
Slide 18: Distribution Network
Distribution Network Market Update Q1 Highlights Distribution Performance of Key Portfolios Network Company Financials
Slide 19: India's widest distribution network
15 3 13 88 2 21 India's widest 13 61 139 132 4 12 15 1 7 2 1 118 distribution 354 10 36 25 6 113 12 1 12 1 4 7 9 102 75 1 4 100 11 98 network 33 7 29 40 7 82 10 48 146 398 14 3,112 375 8 3 320 29 115 14 Brand Stores Pantaloons Stores ' ' 6 ' 329 29 7 J. , 184 ' 30,787 6,381 \,' J Multi-brand Shop-in
Slide 20: Market Update
Distribution Network Market Update Q1 Highlights Market Performance of Key Portfolios Update Company Financials
Slide 21: Market Update
Market Update First normal start to fiscal after 2 years Inflationary pressure on businesses ― Industry witnessed an excellent quarter ― Inflationary pressure continued to with sales significantly higher than the expand cost base for retailers, most of last normal base (Q1 FY20) which was passed on
Slide 22: Q1 Highlights
Distribution Network Market Update Q1 Highlights Q1 Performance of Key Portfolios Highlights Company Financials
Slide 23: Q1 Highlights
Q1 Highlights Best-ever Q1 performance New levers driving growth ― ABFRL revenue grew by 39% over pre- ― Strong performance across newly COVID to reach Rs. 2875 Cr. incubated growth levers– Casualization, ― Clocked Rs. 500 Cr. EBITDA; 51% above small town formats, private label pre-COVID launches an
Slide 24: Q1 FY23 Consolidated Financials
Q1 FY23 | ABFRL Consolidated Financials Q1 FY20 Q1 FY22 Q1 FY23 Growth Growth (In Rs. Cr.) (Vs. LY) (Vs. Q1 FY20) Revenue 2065 812 2875 254% 39% EBITDA 332 -145 500 51% EBITDA M argin 16.1% -17.8% 17.4% EBIT 129 -383 230 78% PBT 35 -468 135 286% PAT 22 -352 94 338% ‒ Revenue grew by 39% over pre-COV
Slide 25: Q1 FY23 Key Segments Revenue
Q1 FY23 | Key Segments | Revenue Consolidated Financials NSV Growth ( In Rs. Cr.) Q1 FY20 Q1 FY22 Q1 FY23 vs FY20 vs FY22 Lifestyle Brands 1006 435 1519 51% 250% Other Businesses 205 120 282 38% 134% Madura Segment 1210 555 1802 49% 225% Pantaloons Segment 890 220 1027 15% 368% Elimination -34 -1 -5
Slide 26: Q1 FY23 Key Segments EBITDA
Q1 FY23 | Key Segments | EBITDA Consolidated Financials EBITDA EBITDA % Growth ( In Rs. Cr.) Q1 FY20 Q1 FY22 Q1 FY23 Q1 FY20 Q1 FY22 Q1 FY23 vs FY20 Lifestyle Brands 191 -57 266 19.0% -13.2% 17.5% 40% Other Businesses -29 -22 23 -14.3% -18.3% 8.0% - Madura Segment 161 -79 289 13.3% -14.3% 16.0% 79%
Slide 27: Performance of Key Portfolios
Distribution Network Market Update Q1 Highlights Performance of Performance of Key Portfolios Key Portfolios Company Financials
Slide 28: Lifestyle, Pantaloons, Other, Ethnic businesses
Lifestyle Pantaloons Other Ethnic businesses
Slide 29: Lifestyle Brands
Lifestyle Brands w Louis PHILIPPE Yi Vasitrusex [PETER ENGLAND! Allen Solly
Slide 30: Lifestyle Brands
Lifestyle Brands ‒ Robust operational performance led to quarterly revenue of Rs. 1,519 Cr. ‒ 51% growth over pre-COVID (Q1 FY20) ‒ EBITDA growth of 40% over pre-COVID ‒ Retail LTL growth of 29% (over Q1 FY20) on 2000+ store network reflecting strong brand franchise ‒ Best ever quarter for our Women
Slide 31: Retail channel grew 76% over pre-COVID levels
Q1 Retail channel grew 76% over pre-COVID levels Channel-wise Revenue (in Rs. crore) Q1 FY20 Q1 FY22 Q1 FY23 Wholesale 349 67 315 Retail 450 192 793 Others 207 176 412 LOYALTY BASE (lakhs) Q1 FY23 Q1 FY22 237 302 52% revenues from loyal customers
Slide 32: Pantaloons
Slide 33: Pantaloons
Pantaloons ‒ Highest ever first quarter for the business with Rs. 1027 Cr. Revenue ‒ Strong EBITDA performance on account of larger full-price period ‒ Ecom channel grew by 70% YoY led by strong traction on own platforms ‒ Successful app pilot; 5 lakh+ downloads on launch ‒ Continued to expand its p
Slide 34: Category Mix and Ownership
Category 14% 10% 29% Ownership 37% Mix Q1 FY23 Q1 FY23 Mix 17% 62% 9% 22% ■ Men ■ Own Brands ■ Women's Western ■ Women's Ethnic ■ MFL ■ Kids 8% ■ Others ■ Non Apps 24% 17% 38% Q1 Q1 17% FY22 20% ••8% FY22 68% High private label share in Q1 FY22, an aberration due to impact of COVID
Slide 35: Other Business Segments
Active Athleisure Innerwear Youth Western Wear Super Premium Brands Ethnic wear
Slide 36: Innerwear and Athleisure
, , VA N HEUs EN - WEAR - - - INNER ‒ Highest ever quarterly sales with business growing to ~2.5x of LY ‒ Aggressive network expansion ‒ Expanded trade MBO count to exit with ~29000 stores ‒ Ecom sales at ~3x of pre-COVID level ‒ Portfolio now well balanced between Inner wear & Athleisure ‒ Continuo
Slide 37: Youth Western Wear
Youth Western Wear AMER ‒ ICAN Revenue grew ~3 times the pre-COVID levels EAGLE ‒ Continued to expand the distribution network with 5 new stores during the quarter FORE ER 2profile ‒ ImprovingVmargin sourcing 1 · with leverage of local
Slide 38: Super Premium Brands
Super Premium Brands ‒ One of the fastest growing businesses within ABFRL portfolio with revenue more than 2x of pre-COVID level ‒ Continued to deliver double digit EBITDA margin TED BAKER LONDON u FREDPERRY THE COLLECTIVE
Slide 39: Ethnic
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Slide 40: Jaypore
Jaypore ‒ Revenue grew to 3.5 times of LY with both the channels showing robust growth ‒ Physical store network expanded to 11 stores – Set for further scale up ‒ Continued scale up of own website through technology advancement and customized marketing ‒ New categories such as Home, Jewelry & Men’s
Slide 41: Shantnu & Nikhil
Shantnu Shantnu & Nikhil | Nikhil ‒ Highest ever Q1 revenue, More than 2x of LY • 12% growth in revenue; EBITDA up 35% ‒ Added 2 more stores to the network; Now available across 12 • stores Retail (50% network posted above LY)8% LTL despite tough market conditions ‒ Strong efforts toward brand build
Slide 42: Shantnu Nikhil
SHANTNU NIKUIL SHANTNU NIKHIL
Slide 43: Sabyasachi
Sabyasachi ‒ Revenue grew by ~160% over pre-COVID levels ‒ Robust profitability with EBITDA growing to 4 times of LY ‒ Strong consumer acceptance of jewelry and accessories building new platforms for growth
Slide 44: Sabyasachi
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Slide 45: Tasva
Tasva ‒ Brand finding strong traction on the foundation of winning products and price-value proposition ‒ Reflected in impressive store walkins, high conversions and positive consumer feedback ‒ Rapid store expansion planned in this financial year ‒ Added 6 stores to the network during this quarter
Slide 46: Tasva
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Slide 47: House of Masaba
House of Masaba ‒ Completed the transaction to acquire majority stake in House of Masaba during this quarter ‒ Business started execution of its long-term growth plan ‒ Beauty launch planned in Q2 ma{aba
Slide 48: Building a market leading portfolio across Indian fashion
Building a market leading portfolio across all large segments in Indian fashion Lifestyle Pantaloons Other Ethnic businesses Continue to build brand Accelerate growth with Expand presence in Build the most strength on pillars of proven and well-established meaningfully large and comprehensive portfo
Slide 49: Company Financials
Distribution Network Market Update Q1 Highlights Company Performance of Key Portfolios Financials Company Financials
Slide 50: Consolidated Profit & Loss
FINANCIALS Consolidated Profit & Loss Q1 FY20 Q1 FY22 Q1 FY23 In Rs. Cr. Revenue from Operations 2065 812 2875 Other Income 18 24 31 Total Income 2083 836 2906 EXPENSES Cost of Materials Consumed 183 107 335 Purchases of Stock-in-Trade 707 526 1272 Changes in Inventories 59 -233 -337 Employee Benefi
Slide 51: Disclaimer
DISCLAIMER Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements” including, but not limited to, those relating to general business plans & strategy of Aditya Birla Fashion and Retail Limited (“ABFRL"), its future outl
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