Slide 1: Outcome of Board Meeting cover letter to exchanges
- SH u I' PI·: R ,--; ST(> P SEC/12/2o 21-22 May 21, 2021 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), M umbai 400 001. Mumbai 400 051. Stock Code : 532638 Stock Symbol : SHOPERSTOP Dear Sir/
Slide 2: Statement of Standalone and Consolidated Financial Results
S J l ( ) l ' l ' l RS s I ()I' I ~!Alli ~OMtlH NU NtW Shoppers Stop Lim~ed Registered Office: Umang Tower", 5th Floor, Mindspace, Off.Link Road, Malad (West), Mumbai 400 064. Tel: {+91 22) 42497000; Website: www.shoppersstop.com. E-mail: investor@shoppersstop.com. CIN: L51900MH1997PLC108798 PART I
Slide 3: Balance Sheet as at 31 March 2021
PART II : BALANCE SHEET AS AT 31 MARCH 2021 (Rupees in Crores) Standalone Consolidated As at 31 March 2021 As at 31 March 2020 As at 31 March 2021 As at 31 March 2020 Particulars (Audited) (Audited) (Audited) (Audited) A)ASSETS NON-CURRENT ASSETS Property, Plant and Equipement 419.28 501.71 421.73 5
Slide 4: Cash Flows for the year ended March 2021
PART Ill : CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 (All amounts in Rs.Crores) Standalone Consolidated For the year For the year For the year ended 31 March For the year ended ended 31 March ended 31 March Particulars 2021 31 March 2020 2021 2020 Cash flows from operating activities Net Profit I
Slide 5: Notes to the financial results
PART IV: 1 The above financial results have been prepared in accordance w~h Indian Accounting Standards as precribed under section 133 of the Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. 2 The Company is primarily engaged in the business
Slide 6: Independent Auditor's Report on Standalone Results
Charted Accountants SR BC & COLLP 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +9122 6819 8000 Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listin
Slide 7: Standalone Limited Review Report page 2
SRBC&COLLP Charted Accountants Shoppers Stop Limited Standalone Limited Review Report Page 2 of 3 Management's Responsibilities for the Standalone Financial Results The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are r
Slide 8: Standalone Limited Review Report page 3
SR BC & COLLP Charted Accountants Shoppers Stop Limited Standalone Limited Review Report Page 3 of 3 • Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to e
Slide 9: Independent Auditor's Report on Consolidated Results
Charted Accountants SR BC & COLLP 12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +9122 6819 8000 Independent Auditor's Report on the Quarterly and Year to Date Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obli
Slide 10: Consolidated Limited Review Report page 2
SRBC&COLLP Charted Accountants Shoppers Stop Limited Consolidated Limited Review Report Page 2 of 4 Emphasis of Matter paragraph 1. We draw attention to Note 9 of the Statement which describes management's assessment of the impact of the COVID 19 pandemic on the operations and financial results of t
Slide 11: Consolidated Limited Review Report page 3
SRBC&COLLP Charted Accountants Shoppers Stop Limited Consolidated Limited Review Report Page 3 of 4 • Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that
Slide 12: Consolidated Limited Review Report page 4
SR BC & COLLP Charted Accountants Shoppers Stop Limited Consolidated Limited Review Report Page 4 of 4 Other Matter The accompanying Statement includes the audited financial statements and other financial information, in respect of 3 subsidiaries, whose financial results/statements include total ass
Slide 13: Press release: Q4FY21 revenue and EBITDA
STAlf SOMUNllt IIW Shoppers Stop Reported Revenue of Rs. 825.3 Crs and EBITDA Profit of Rs.10.5 Crs in Q4FY21 vs Rs.16.7 Cr. Loss In Q4FY20 Mumbai, May 21, 2021: Shoppers Stop Ltd. (NSE: SHOPERSTOP I BSE: 532638) reported Sales and EBITDA as under: Rs. In Crs. Non-GAAP GAAP Q4FY21 Q4 FY20 Growth% Q4
Slide 14: Press release: private brands and loyalty
Our success in transforming and revamping Private Brands continue to yield results. During t he quarter, we launched performance wear and athleisure brand, ALTLIFE and INSENSE in the women's sleepwear category. We have significantly improved our fashion quotient relevant to latest trends, besides up
Slide 15: About Shoppers Stop Limited
About Shoppers Stop Limited: Shoppers Stop Ltd. is the nation's leading premier retailer of fashion and beauty brands established in 1991. Spread across 84 department stores in 44 Cities, the company also operates premium home concept stores (11 Stores), 127 Specialty Beauty stores of M.A.C, Estee L
Slide 16: Q4 FY21 Performance Highlights
Performance Highlights Q4 FY21 1
Slide 17: New Season Launch
NEW SEASON LAUNCH ZUJ LL.I LL z_ :J _J 2
Slide 18: New Season Launch
NEW SEASON LAUNCH 3
Slide 19: New Season Launch
NEW SEASON LAUNCH 4
Slide 20: Contents
CONTENTS 1 2 ABOUT US PERFORMANCE OVERVIEW 3 4 COVID RESPONSE STRATEGIC PILLARS 5 6 COMPANY FINANCIALS WAY FORWARD 5
Slide 21: About Us: Stores and Cities
ABOUT US 273 Stores; 4.5M sq.ft. 47 * 127 CITIES 84 26 25 11 Department Stores Store Count Department Home Beauty Airport Crossword Mall Stores 73 Stores Stop Stores Doors Stores Standalone 11 *Includes Crossword Franchisee store cities 6
Slide 22: About Us: Key Metrics
ABOUT US 37M 7.8M 13%Mix Visits in Q4 First Citizens Private Brands 5.5K Talent Pool 6.2% 800+ 10.5K E-Com Mix Fashion & Beauty Brands Brand Staff 7
Slide 23: Our Customers
OUR CUSTOMERS Our Core Target Customers are upwardly mobile, middle to high income families, in the age group of 25- 35 years. They are well informed about the latest fashion and beauty trends, key influencers and decision makers in their family’s shopping behaviour. Young tech-savvy families form o
Slide 24: Q4 Highlights
Q4 HIGHLIGHTS § Customer sentiment was consistently improving until 3rd Week of March § Highest quarterly Sales recovery of 90% § Digital Sales +188% vs LY § Private Brand share +250 bps vs LY § EBITDA @ Rs.10 Crs vs Loss § Cost savings Rs 43 Crs (Q4) Rs.432 Crs (Full year) Life § Liquidity – Net su
Slide 25: Performance Overview
PERFORMANCE OVERVIEW Strong Momentum in Q4 Footfall trend § Strong performance from our strategic Pillars Q1 Q2 Q3 Q4 § Omni Channel Sales +188% vs LY, Mix 6.2% -17% (+430 bps) § Private Brand performed significantly better, -50% Volume grew by 38% vs LY § Beauty out-performed, as soon as makeover -
Slide 26: Digital Footprint
DIGITAL FOOTPRINT Eyeballs Mobile App 28M in Q4 Downloads +48% vs LY 1.7M +0.5M in Q4 Sales Strong Growth continues Digital Sales +188% YoY Mix 6.2% +430 bps vs LY § Transaction size of Rs 2588 (13% vs LY), one of the highest in industry § New Members +0.19M, 56% New to Online § Fulfillment (Gross t
Slide 27: First Citizen
FIRST CITIZEN 7.8M Members Overall Sales Contribution Contribution : 72% ATV : +1% vs LY New Member Enrollment First Citizens Enrollment Membership Type Q4 FY21 Regular Paid Enrollment 106K 538K Black Card Annual Subscription 9K 17K 12
Slide 28: Personal Shoppers
PERSONAL SHOPPERS § 2.6x Average Ticket Size § 15% (+80 bps vs LY) Contribution to Business Personal Shoppers responded to our Customer needs with range of our digital initiatives such as: § “Endless Aisle” (31% E.Com; 2% Overall) § Personalized calling by store Associates 2% of Store sales; Average
Slide 29: Private & Exclusive Brands
PRIVATE & EXCLUSIVE BRANDS 13.0% Contribution to Business +250 bps vs LY § Sharpened prices led to healthy volume growth of 38% § Launched ALTLIFE - Athleisure in Men and Women and INSENSE - in Sleepwear § Introduced Indian wear in Men’s category § Long term tie up with UK based design house for wom
Slide 30: Beauty Brands
BEAUTY BRANDS 17.1% Contribution to business +10 bps vs LY § Beauty recovered better than chain in Q4 § Fragrance continues to lead § Strong Recovery with makeovers until Mid- March § New Brand Launches § Fragrances – MIU MIU § Skincare – HA Serum by L'Oréal § Valentine Day Celebrated across Online
Slide 31: FY21 Achievement
FY21 ACHIEVEMENT Sales Gross Margin EBITDA 270 11 FY21 825 32.7% 1.3% Q4 -10% +190 bps +163% vs FY20 -51% -170 bps -202% FY21 662 -187 Full Year 2,142 30.9% -8.7% 16 Values in Rs Crs
Slide 32: Financials Q4 FY21
FINANCIALS Q4 FY21 Particulars Non - GAAP Financials GAAP Financials Rs. in Crs. FY 21 FY20 Gr% FY21 FY20 Gr% Revenue 825 916 -9.9% 671 709 -5.4% Adjustment in net profit GAAP adj Other Income 8 11 -28.8% 21 6 225.5% PBT ( as per Non GAAP ) -27 Total Revenue 833 927 -10.1% 692 716 -3.3% Lease Rent (
Slide 33: Financials YTD FY21
FINANCIALS YTD FY21 Particulars Non - GAAP Financials GAAP Financials Rs. in Crs. FY21 FY20 Gr% FY21 FY20 Gr% Revenue 2142 4385 -51.2% 1725 3381 -49.0% Adjustment in net profit GAAP adj Other Income 20 53 -62.3% 219 33 553.2% PBT (as per Non GAAP ) -383 Total Revenue 2162 4438 -62.2% 1944 3414 -43.1
Slide 34: Balance Sheet
BALANCE SHEET Particulars Mar'21 Mar'20 Net worth 767 774 Loan Fund 150 124 Total Liabilities 917 898 Fixed Assets + Lease Deposit 766 858 Investments 196 226 Inventory 848 1225 Other Current Assets 455 343 Total Current Assets 1304 1568 Trade Creditors Goods 917 1278 Others 432 475 Net Cash Rs. in
Slide 35: Cash Flow
CASH FLOW Particulars Mar'21 Mar'20 Cash Profit from Operations (after tax) -186 194 Changes in Working Capital -59 41 Cash generated from Operations -245 236 Fixed Assets /Reduction in Capex Creditors -78 -212 Cash generated from Operations -323 24 Redemption of Investments (Net) 69 -110 Cash post
Slide 36: Way Forward
WAY FORWARD Customer Product Operations • Grow our exclusive premium • Continue growing Brands • Investing in Omni-Channel Black Card Customer (both offline and online) adapting to change in subscription Service. consumer behavior. • Private Brand launches in line • Continue focus on First with chan
Slide 37: Disclaimer
Disclaimer Certain statements in this release concerning our future growth prospects are forward-looking statements within the meaning of applicable securities laws and regulations, and which involve number of risks and uncertainties, beyond the Control of the company, that could cause actual result
Slide 38: Annexure
Annexure 23
Slide 39: Financials Q4 FY21
FINANCIALS Q4 FY21 Particulars Non - GAAP Financials GAAP Financials Rs. in Crs. FY21 FY20 Gr% FY21 FY20 Gr% Revenue 825 916 -9.9% 671 709 -5.4% Other Income 8 11 -28.8% 21 6 225.5% Total Revenue 833 927 -10.1% 692 716 -3.3% Adjustment in net profit GAAP adj Margin 270 282 -4.3% 275 284 -3.1% PBT (a
Slide 40: Financials YTD FY21
FINANCIALS YTD FY21 Particulars Non - GAAP Financials GAAP Financials Rs. in Crs. FY21 FY20 Gr% FY21 FY20 Gr% Revenue 2142 4385 -51.2% 1725 3381 -49.0% Adjustment in net profit GAAP adj Other Income 20 53 -62.3% 219 33 553.2% Total Revenue 2162 4438 -51.3% 1944 3414 -43.1% PBT (as per Non–GAAP) -383
Slide 41: Balance Sheet
BALANCE SHEET Particulars Mar'21 Mar'20 Networth 767 774 Loan Fund 150 124 Total Liabilities 917 898 Fixed Assets (WDV) 548 641 Lease Deposit 218 216 Investments in CBL 27 71 Investment in Mutual Fund 128 154 Cash & Cash Equivalent 42 1 Inventory 284 470 ROR Inventory 565 755 Deferred Tax Assets 136
Slide 42: Cash Flow
CASH FLOW Particulars Mar'21 Mar'20 Cash Profit from Operations (after tax) -186 194 Creditors for Goods -362 110 Other Creditors and Liabilities -22 61 Inventories 377 -78 Loans & Advances & Sundry Debtors -52 -53 Cash generated from Operations -245 236 Fixed Assets(including CWIP) & Deposit -57 -2
Slide 43: Contact investor@shoppersstop.com
In case of any clarifications please contact on investor@shoppersstop.com 28