V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q2 FY2022 Earnings Presentation
32 slides from V2 Retail's earnings presentation, Nov 11, 2021
Slide 1: V2 Retail Limited
V2 Retail Limited November 11, 2021 BSE Limited National Stock Exchange Of India Limited Corporate Relationship Department Listing Department lst Floor, New Trading, Rotunda Building, Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalai Street, Fort, Bandra least), M umbai -- 400 001 M umbai -- 4
Slide 2: Q2 & H1 FY22 Result Update
Q2 & H1 FY22 Result Update Value # Vavieky FOR FASHION More Comfortable & Trendy Outfits For Your Everyday Fashion Essentials
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by V2 Retail Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, an
Slide 4: Q2 & H1 FY22 Highlights
Q2 & H1 FY22 Highlights oe
Slide 5: Performance Highlights Q2 & H1 FY22 - Standalone
Performance Highlights Q1 & H1 FY22 - Standalone EBIDTA ₹ 165 Mn in Q2 FY22 as compared to ₹ 95 Mn in Q2 FY21. EBIDTA for H1 FY22 stood at ₹ 272 Mn as compared to ₹ 167 Mn in H1 FY21 Gross Profit PBT ₹ 460 Mn in Q2 FY22 as ₹ (67) Mn in Q2 FY22 as compared to ₹ 270 Mn in compared to ₹ (97) Mn in Q2 F
Slide 6: Highlights Q2 FY22
Highlights Q2 FY22 Store Count & Retail Area 01 96 Stores at end of Q2 FY22 (Opened 3, Closed 0) Total Retail area ~10.1 lakh sq.ft. SSG 02 Same Store Sales Growth 59% in Q2 FY22 ASP 03 Average Selling price in Q2 FY22 was ₹ 261 (Q2 FY21 ₹238) ABV 04 Average Bill value in Q2 FY22 was ₹ 728 (Q2 FY21
Slide 7: Highlights H1 FY22
Highlights H1 FY22 Store Count & Retail Area 01 96 Stores at end of H1 FY22 (Opened 4, Closed 3) Total Retail area ~10.1 lakh sq.ft. SSG 02 Same Store Sales Growth 61% in H1 FY22 ASP 03 Average Selling price in H1 FY22 was ₹ 257 ABV 04 Average Bill value in H1 FY22 was ₹ 737 PSF 05 Sales per square
Slide 8: Key Trends
Key Trends Business recovery continues with easing mobility 01 restrictions and consumer returning to stores. The stores were operational on an average for 86% days in Q2 as compared to 45% days of the total days in Q1. We continue to remain focused and committed to the accelerated store expansion s
Slide 9: Standalone Financial Highlights
Standalone Financial Highlights Revenue (₹ Million) Gross Profit (₹ Million) and Gross Profit Margins EBIDTA (₹ Million) and EBIDTA Margins Profit After Tax (₹ Million) 8
Slide 10: Profit & Loss - Standalone
Profit & Loss - Standalone Particulars (₹ million) Q2 FY22 Q2 FY21 Y-O-Y Q1 FY22 H1 FY22 H1 FY21 Y-O-Y Revenue from Operations 1,495 850 76% 825 2,321 1,220 90% Other Income 20 53 91 111 127 Total Income 1,515 903 68% 916 2,432 1,346 81% Gross Profit 460 270 70% 261 721 380 90% GP Margin (%) 30.8% 3
Slide 11: Pre Ind AS 116 P&L (Standalone)
Pre Ind AS 116 P&L (Standalone) Particulars (₹ million) Q2 FY22 Q2 FY21 Y-O-Y Q1 FY22 H1 FY22 H1 FY21 Y-O-Y Revenue from Operations 1,495 850 76% 825 2,321 1,220 90% Other Income 6 1 1 7 5 Total Income 1,502 851 826 2,328 1,224 Cost of Material Consumed 1,035 580 564 1,599 840 Gross Profit 460 270 7
Slide 12: Balance Sheet - Standalone
Balance Sheet - Standalone Particulars (₹ in Mn) H1 FY22 FY 2021 Particulars (₹ in Mn) H1 FY22 FY 2021 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 947 971 Equity share capital 344 341 Capital Work in Progress 0 - Other equity 2,228 2,378 Right to use Assets
Slide 13: Profit & Loss - Consolidated
Profit & Loss - Consolidated Particulars (₹ million) Q2 FY22 Q2 FY21 Y-O-Y Q1 FY22 H1 FY22 H1 FY21 Y-O-Y Revenue from Operations 1,495 850 76% 825 2,321 1,220 90% Other Income 20 55 91 112 133 Total Income 1,516 905 67% 917 2,432 1,352 80% Gross Profit 513 277 85% 268 781 390 100% GP Margin (%) 34.3
Slide 14: Balance Sheet - Consolidated
Balance Sheet - Consolidated Particulars (₹ in Mn) H1 FY22 FY2021 Particulars (₹ in Mn) H1 FY22 FY2021 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 1,025 1,049 Equity share capital 344 341 Capital Work in Progress 0 - Other equity 2,205 2,346 Right to use Ass
Slide 15: Cash Flow
Cash Flow Standalone Consolidated Particulars (₹ in Mn) H1 FY22 H1 FY21 H1 FY22 H1 FY21 PBT (198) (214) (187) (225) Adjustments 377 268 387 276 Operating profit before working capital changes 179 53 200 51 Changes in working capital 54 (365) (41) (312) Cash generated from operations 233 (312) 160 (2
Slide 16: Store Presence
Store Presence Jammu & Kashmir (1) Uttar Pradesh (22) Arunachal (1) Kathua Gorakhpur 1; Gorakhpur 2; Itanagar Sitapur; Varanasi 1; Padrauna; Himachal (1) Gazipur; Pratapgarh; Lucknow; Behraich; Akbarpur, Varanasi 2; Solan Azamgarh; Ballia ; Varanasi 3; Assam (6) & Tripura (1) Gorakhpur 3; Basti; Rae
Slide 17: Our Brands
Our Brands Banka, Bihar JEYPORE, ORISSA 16
Slide 18: Promotions – Campaigns Q2 FY22
Promotions – Campaigns Q2 FY22 17
Slide 19: Promotions – Campaigns Q2 FY22
Promotions – Campaigns Q2 FY22 18
Slide 20: Promotions – Campaigns Q2 FY22
Promotions – Campaigns Q2 FY22 19
Slide 21: Board of Directors
Board of Directors 20
Slide 22: Board of Directors
Board of Directors Mr. Ram Chandra Agarwal, Mrs. Uma Agarwal, Mr. Akash Agarwal, Whole Ms. Rochelle Susanna Chairman and Managing Whole Time Director Time Director & CFO Dsouza, Nominee Director Director • Mr. Agarwal holds a bachelor’s • Mrs. Agarwal holds a • Mr. Akash Agarwal holds a • Ms. Rochel
Slide 23: Board of Directors
Board of Directors Mr. Harbir Singh Sidhu Dr. Arun Kumar Roopanwal Mr. Lalit Kumar Mrs. Archana S Yadav Independent Director Independent Director Independent Director Independent Director ▪ A Graduate (BA HONS) from ▪ He has over 35 Years of ▪ He has over 30 Years of ▪ A Chartered Accountant in Camb
Slide 24: Key Financial Indicators - Historical
Key Financial Indicators - Historical 23
Slide 25: Financial Highlights – Standalone Profit & Loss Account
Financial Highlights – Standalone Profit & Loss Account ₹ in Million Particulars FY2017 FY2018 FY2019 FY2020 FY2021 Revenue from Operations 4,720 5,594 7,484 7,012 5,386 Other Income 16 33 99 23 222 Total Income 4,736 5,627 7,583 7,035 5,608 Growth (%) 65% 19% 34% -6% -23% Gross Profit 1,388 1,804 2
Slide 26: Balance Sheet - Standalone
Balance Sheet - Standalone Particulars (₹ in Mn) FY2021 FY2020 Particulars (₹ in Mn) FY2021 FY2020 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 971 889 Equity share capital 341 341 Capital Work in Progress - - Other equity 2,378 2,464 Right to use Assets 2,84
Slide 27: Financial Highlights – Consolidated Profit & Loss Account
Financial Highlights – Consolidated Profit & Loss Account Particulars (₹ million) FY2021 FY2020 Revenue from Operations 5,386 7,012 Other Income 230 25 Total Income 5,616 7,037 Gross Profit 1,628 1,960 GP Margin (%) 30.2% 27.9% EBIDTA 715 773 EBIDTA Margin (%) 13.3% 11.0% Depreciation 555 510 Financ
Slide 28: Balance Sheet - Consolidated
Balance Sheet - Consolidated Particulars (₹ in Mn) FY2021 FY2020 Particulars (₹ in Mn) FY2021 FY2020 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 1,049 922 Equity share capital 341 341 Capital Work in Progress - - Other equity 2,346 2,451 Right to use Assets
Slide 29: Cash Flow Statement for March 31, 2021
CASH FLOW STATEMENT FOR MARCH 31, 2021 Standalone Consolidated Particulars (₹ in Mn) FY2021 FY2020 FY2021 FY2020 PBT (131) 105 (153) 87 Adjustments 691 665 710 671 Operating profit before working capital changes 560 770 557 758 Changes in working capital (712) 176 (522) (14) Cash generated from oper
Slide 30: Robust Financial Performance
Robust Financial Performance Revenue (₹ Million) EBIDTA (₹ Million) and EBIDTA Margins PBT (₹ Million) PAT (₹ Million) 29
Slide 31: Key Operating Metrics
Key Operating Metrics No. of Stores and Retail Space (lakh sq.ft.) Inventory Holding Days Sales per Sq. Ft. (₹ Per Month) Rent per Sq. Ft. (₹ Per Month) 30
Slide 32: Thank You
Thank You For further information please contact: Investor Relation Advisors: Company: Dr. Rahul Porwal Mr. Sudhir Kumar Marathon Capital Advisory Private Limited (Company Secretary & Compliance Officer) Tel : +91-22-40030610 / 9967576900 V2 Retail Limited Email : rahul@marathoncapital.in Tel : +91-