V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q1 FY2024 Earnings Presentation
23 slides from V-mart Retail's earnings presentation, Aug 9, 2023
Slide 1: Exchange cover letter: Presentation to Analysts/Investors
Ref. No. CS/S/L-689/2023-24 9th August, 2023 To: To: The Listing Department The Corporate Relationship Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED THE BSE LTD “Exchange Plaza” Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (E ), Mumbai – 400 051 Scrip
Slide 2: V-Mart Retail Limited Investor Presentation Q1FY24
V-Mart Retail Limited Investor Presentation Q1FY24 www.vmartretail.com / www.limeroad.com
Slide 3: Q1FY24 Key Performance Highlights
Q1FY24 Key Performance Highlights Financial Parameters Operational Parameters
Slide 4: Key Highlights: Q1FY24 vs. Q1FY23
Key Highlights: Q1FY24 vs. Q1FY23 ▪ Revenue Growth : 15% YoY ▪ Revenue Channel Mix • V-Mart : 80% (including 2% digital) +15% YOY • Unlimited : 17% +4% YOY • LimeRoad* : 3% (commission revenue) +47% QOQ ▪ Revenue Segment Mix • Fashion : 89% • Kirana : 11% ▪ EBITDA (% to revenue) : 7.5% ▪ Total Store
Slide 5: Financial Parameters
Financial Parameters Revenue (₹ Millions) Revenue Mix (%) 15%▲ Q1FY24 78.8% 80.2% 15%▲ Q1FY24 6,785 Q1FY23 5,879 5,424 Q1FY23 4,734 Q4FY23 4%▲ 1,187 1,145 174 118 10.4% 10.5% 10.5% 9.3% Total V-Mart Unlimited LimeRoad Apparel Non-Apparel Kirana LimeRoad Net Merchandise Value – ₹ 445 Million (Q4FY23
Slide 6: Operational Parameters
Operational Parameters Footfall (Millions) Conversion Rate (%) 60% 13 23%▲ 56% 10 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Transaction size (₹) Average Selling Price (ASP) (₹) 9%▼ 2,193 17%▼ 18%▼ 1,997 6%▼ 3%▼ 485 4%▼ 6%▼ 451 2%▼ 4%▼ 345 320 977 1,015 219 197 881 900 Total V-Mart Unlimited Total V-Mart Unlimited
Slide 7: Operational Parameters
Operational Parameters Store Count (Nos) Tier Wise Sales per square feet (Per Month) (₹) 10%▲ 1%▲ 8%▲ 3%▲ 6%▼ 14%▲ 431 632 626 665 616 629 611 632 675 391 540 13%▲ 476 6%▲ 2%▼ 217 192 23%▲ 109 103 52 53 53 43 Tier 1 Tier 2 Tier 3 Tier 4 Tier 1 Tier 2 Total Tier 1 Tier 2 Tier 3 Tier 4 Total Tier 1 Ti
Slide 8: Operational Parameters
Operational Parameters Expenses (% of Revenue) Retail Space (Millions Square feet) 12%▲ Q1FY24 10.6% Q1FY24 3.8 Q1FY23 9.4% Q1FY23 3.4 13%▲ 3.0 6.7% 2.6 6.3% 5.9% 4.5% 4.4% 9%▲ 2.5% 0.8 0.8 Manpower Power & Fuel Advertisement Others Total V-Mart Unlimited Inventory (Days of Sales) Shrinkage* (% of R
Slide 9: Operating Expenses
Operating Expenses Manpower (₹ Millions) Power & fuel (₹ Millions) 30%▲ 15%▲ 15%▲ 717 10%▲ 552 302 510 262 233 442 17%▲ 211 35%▲ 1%▼ 6%▼ 129 110 69 51 78 78 0 0 Total V-Mart Unlimited LimeRoad Total V-Mart Unlimited LimeRoad Q1FY24 Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Advertisement (₹ Millions) Other
Slide 10: LimeRoad app fashion visuals
aa 7 Doi il ] } Glam #Summerblack Dresses — OnDenim Fact: Sayqniiikillin’ it in we ee y fs \ > | EI b p) e LimeRoad Just In | #ElementalElegance Ireshest of Fashion Delivered on the lightest & the fastest app in India Not gonna lie, these 1eW. v ring: (WARE “seriousty- —_— Sobhita's Look Is On Fire!
Slide 11: Limeroad Financial and Operational Parameters
Limeroad Financial and Operational Parameters NMV and Revenue (₹ Millions) Contribution Margin* (% to NMV) Synergies 18% 47%▲ 15% 43%▲ 8% 700%▲ 40% 10% 39% 38% 35% 30% 25% 20% 6% 15% 445 174 312 118 10% 5% 1% 0% Q1 FY24 Q4 FY23 Q1 FY24 June'23 March'23 June'23 March'23 NMV Growth Service Revenue % t
Slide 12: LimeRoad is extending our total combined addressable market
MART LimeRoad is extending our total combined addressable market by targeting a fashion-first aspirational audience Rakul Preet Nailed It How Chic Is Too Chic These Dresses Are Everything On Our Radar | Shanaya [ Evory #SoftGirl's VP. J F. rue A Chikan&are y L @ OPK +35 #ethnic #saree #yellow wester
Slide 13: Optimised for negative working capital
optimised for negative working capital 12
Slide 14: Apr-Jun FY24 Key Business Segments, Financial Statements
Apr- Jun FY24 Key Business Segments Profit & Loss Statement Balance Sheet Cash flow Statement 13
Slide 15: Statement of Profit & Loss
Statement of Profit & Loss ₹ Millions For the period ended Particulars June 30, 2023 June 30, 2022 (Unaudited) (Unaudited) I Revenue from operations 6,785 5,879 II Other income 15 41 III Total Income (I + II) 6,800 5,920 IV Total expenses 7,090 5,641 V (Loss)/profit before tax (III-IV) (290) 278 VI
Slide 16: Segment Reporting
Segment Reporting ₹ Millions For the Year Ended For the Year Ended Particulars June 30, 2023 June 30, 2022 Particulars June 30, 2023 June 30, 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Segment Revenue Segment Asset Retail Trade (V-Mart + Unlimited) 6,612 5,879 Retail Trade (V-Mart + Unlimi
Slide 17: Ind-AS 116: P&L Impact (YTD FY24)
Ind-AS 116 : P&L Impact (YTD FY24) ₹ Millions Pre Ind-AS 116 Post Ind-AS 116 Increased / (decreased) in PBT Particulars (impact on PBT) – FY24 (A) (B) C = (A-B) Other Expense (Rent impact) 1,676 1,186 490 Finance cost 31 330 (299) Depreciation & Amortization 160 499 (339) (Loss)/profit before tax (P
Slide 18: Balance Sheet
Balance Sheet ₹ Millions As At As At Particulars June 30, 2023 March 31, 2023 Particulars June 30, 2023 March 31, 2023 (Unaudited) (Audited) (Unaudited) (Audited) EQUITY AND LIABILITIES ASSETS Equity Property, plant and equipment 4,973 3,191 Equity Share Capital 198 198 Capital work in progress 55 1
Slide 19: Cash Flow Statement
Cash Flow Statement ₹ Millions For the period ending Cash Flow Statement for the period June 30, 2023 June 30, 2022 (Unaudited) (Unaudited) (A) Cash flows from operating activities Profit before Income Tax -290 278 Adjustments to reconcile profit before tax to net cash flows 840 647 Operating profit
Slide 20: New Stores Addition (Q1 FY24)
New Stores Addition (Q1 FY24) Total 9 Bihar 3 Uttar Pradesh 2 +1 West bengal 1 +2 Madhya Pradesh 1 +2 +1 Andhra Pradesh 1 +1 +1 Rajasthan 1 Total 9 +1 Tier 3 6 +1 Tier 1 3 +2 Q1 FY24 19
Slide 21: Total Stores as on June 30, 2023
Total Stores as on June 30, 2023 STATE FY24 FY23 ANDHRA PRADESH 12 11 ARUNACHAL PRADESH 1 1 ASSAM 14 14 BIHAR 59 56 CHANDIGARH 1 1 GOA 1 1 GUJARAT 7 7 5 HARYANA 4 4 HIMACHAL PRADESH 1 1 1 JAMMU AND KASHMIR 8 8 JHARKHAND 24 24 KARNATAKA 18 19 KERALA 2 2 MADHYA PRADESH 18 17 MAHARASHTRA 5 5 MEGHALAYA
Slide 22: Star Retailer Awards 2023
Star Retailer Awards 2023 LimeRoad - Value eRetailer of the year 2023 V-Mart – Department Store of the Year 2023 YTD FY24 21
Slide 23: Thank you!
Thank Thankyou! you! In case of any queries, please contact the IR Team: In case of any queries, please contact the IR Team: ir_vmart@vmartretail.com ir_vmart@vmartretail.com