V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q4 FY2023 Earnings Presentation
31 slides from V2 Retail's earnings presentation, May 25, 2023
Slide 1: V2 Retail Limited
V2 Retail Limited May 25, 2023 BSE Limited NationalStock Exchange Of India Limited Corporate Relationship Department Listing Department lst Floor, New Trading, Rotunda Building, Exchange Plaza, Bandra Kurta Complex, P J Towers, Dalai Street, Fort, Bandra IEastl, M u mbai -- 400 001 Mumbai - 400 051
Slide 2: Q4 & FY23 Result Update
V2 Retail Limited Q4 & FY23 Result Update
Slide 3: Disclaimer
Disclaimer 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, and
Slide 4: Q4 & FY23 Highlights
Q4 & FY23 Highlights We Value # Variety »
Slide 5: Performance Highlights – Q4 & FY23 - Consolidated
Performance Highlights – Q4 & FY23 - Consolidated EBIDTA ₹ 142 Mn in Q4 FY23 as compared to ₹ 65 Mn in Q4 FY22. ₹ 840 Mn in FY23 as compared to ₹ 647 Mn in FY22. Gross Profit PBT ₹ 552 Mn in Q4 FY23 as ₹ (103) Mn in Q4 FY23 as compared to ₹ 436 Mn in compared to ₹ (129) Mn in Q4 FY22. ₹ 2,601 Mn in
Slide 6: Highlights – Q4 FY23
Highlights – Q4 FY23 Store Count & Retail Area 01 102 Stores at end of Q4 FY23 (Opened 5, Closed 2) Total Retail area ~10.83 lakh sq.ft. SSG 02 Same Store Sales Growth 19.4% in Q4 FY23 Average Selling Price 03 ASP was ₹ 263 in Q4FY23 (Q4FY22 ₹ 287) PSF 04 Sales per square feet per month in Q4 FY23 w
Slide 7: Highlights – FY23
Highlights – FY23 Store Count & Retail Area 01 102 Stores at end of FY23 (Opened 10, Closed 8) Total Retail area ~10.83 lakh sq.ft. SSG 02 Same Store Sales Growth 31% in FY23 Average Selling Price 03 ASP was ₹ 283 in FY23 (FY22 ₹ 289) PSF 04 Sales per square feet per month in FY23 was ₹ 651 (FY22 ₹
Slide 8: Q4 & FY23 Consolidated Financial Highlights
Q4 & FY23 Consolidated Financial Highlights Revenue (₹ Million) Gross Profit (₹ Million) EBIDTA (₹ Million) Profit After Tax (₹ Million) 7
Slide 9: Q4 & FY23 Standalone Financial Highlights
Q4 & FY23 Standalone Financial Highlights Revenue (₹ Million) Gross Profit (₹ Million) EBIDTA (₹ Million) Profit After Tax (₹ Million) 8
Slide 10: Profit & Loss – Consolidated
Profit & Loss – Consolidated Particulars (₹ million) Q4 FY23 Q4 FY22 Y-O-Y Q3 FY23 FY23 FY22 Y-O-Y Revenue from Operations 1,934 1,583 22% 2,397 8,389 6,292 33% Other Income 21 37 24 67 159 Total Income 1,956 1,619 21% 2,420 8,456 6,451 31% Gross Profit 552 436 27% 861 2,601 2,016 29% GP Margin (%)
Slide 11: Pre Ind AS 116 Profit & Loss (Consolidated)
Pre Ind AS 116 Profit & Loss (Consolidated) Particulars (₹ million) Q4 FY23 Q4 FY22 Y-O-Y Q3 FY23 FY23 FY22 Y-O-Y Revenue from Operations 1,934 1,583 22% 2,397 8,389 6,292 33% Other Income 21 7 2 17 16 Total Income 1,956 1,589 2,398 8,405 6,308 Cost of M aterial Consumed 1,382 1,147 1,536 5,788 4,27
Slide 12: Profit & Loss - Standalone
Profit & Loss - Standalone Particulars (₹ million) Q4 FY23 Q4 FY22 Y-O-Y Q3 FY23 FY23 FY22 Y-O-Y Revenue from Operations 1,934 1,583 22% 2,397 8,389 6,292 33% Other Income 20 34 23 61 156 Total Income 1,955 1,617 21% 2,420 8,450 6,448 31% Gross Profit 510 401 27% 817 2,434 1,886 29% GP Margin (%) 26
Slide 13: Pre Ind AS 116 Profit & Loss (Standalone)
Pre Ind AS 116 Profit & Loss (Standalone) Particulars (₹ million) Q4 FY23 Q4 FY22 Y-O-Y Q3 FY23 FY23 FY22 Y-O-Y Revenue from Operations 1,934 1,583 22% 2,397 8,389 6,292 33% Other Income 5 5 1 14 14 Total Income 1,939 1,587 22% 2,398 8,403 6,306 33% Cost of M aterial Consumed 1,424 1,181 1,580 5,955
Slide 14: Store Presence
Store Presence Jammu & Kashmir (1) Arunachal (1) & Uttarakhand (4) Meghalaya (1) Kathua Haldwani; Roorkee; Khatima; Dehradun Itanagar ; Shilong Himachal (1) Solan Assam (6) & Tripura (1) Guwahati 1; Guwahati 3; West Bengal (1) NCR (4) Silchar; Barpeta; Jorhat; Malda Mahipalpur; Faridabad; Agartala,
Slide 15: Our Brands
Our Brands ci GODSPEED Honey Buaib FUN CUTE NAUGHTY H . HERRLICH
Slide 16: Promotion Campaigns
Promotion Campaigns al ) Value # Variety b¢ I * SPECIAL OFFFERS | END OF | FLAT =: “25% gdm) SALE, ON MINKBLANKETS « uucoueet 7 8 JEANS j 99 ILY FASHION STOR rt STARTING@ MEN'S |WOMEN’S|KIODS “TAC APPLY 5
Slide 17: Promotion Campaigns
Promotion Campaigns al Value + Variety MEN'S |WOMEN’S| KIDS ‘@ © shop*4999 or above 16
Slide 18: Stores Opening
Stores Opening fa v2 Value& Variety ) —a Value & Variety , BHAJANPURA F- 397, MAIN WAZIRABAD ROAD. 7
Slide 19: Stores Opening
Stores Opening Bareilley Store 18
Slide 20: Management
Management We Value & Vaviedy » ee
Slide 21: Board of Directors
Board of Directors Mr. Ram Chandra Agarwal, Ms. Uma Agarwal, Mr. Akash Agarwal, Chairman & Managing Director Whole Time Director Non Executive Director • Mr. Agarwal holds a bachelor’s degree in • Mrs. Agarwal holds a bachelor’s degree in • Mr. Akash Agarwal holds a bachelor’s of Commerce. Arts. bus
Slide 22: Board of Directors
Board of Directors Dr. Arun Kumar Roopanwal Mrs. Archana S Yadav Mr. Srinivas Anand Mrs. Archana Mannava S Yadav Independent Director Independent Director Independent Director Independent Director • He has over 35 Years of • A Chartered Accountant in • Post-Graduate Program in extensive experience i
Slide 23: Key Financial Indicators - Historical
Key Financial Indicators - Historical
Slide 24: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (₹ in Mn) FY2020 FY2021 FY2022 FY2023 Revenue from Operations 6,292 4,710 6,292 8,389 Other Income 159 122 159 67 Total Income 6,451 4,832 6,451 8,456 Growth (%) -25% 0% 75% Gross Profit 2,016 1,580 2,016 2,601 GP Margin (%) 32% 34% 32% 31% EBIDTA 647 582 647 8
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ in Mn) FY2023 FY2022 Particulars (₹ in Mn) FY2023 FY2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 986 1,029 Equity share capital 344 344 Capital Work in Progress 1 - Other equity 2,125 2,238 Right to use Assets 3,
Slide 26: Standalone Profit & Loss
Standalone Profit & Loss Particulars (₹ in Mn) FY2019 FY2020 FY2021 FY2022 FY2023 Revenue from Operations 7,484 7,012 5,386 6,292 8,389 Other Income 99 23 222 156 61 Total Income 7,583 7,035 5,608 6,448 8,450 Growth (%) 34% -6% -23% 17% 33% Gross Profit 2,421 1,960 1,583 1,886 2,434 GP Margin (%) 32
Slide 27: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ in Mn) FY2023 FY 2022 Particulars (₹ in Mn) FY2023 FY 2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 857 916 Equity share capital 344 344 Capital Work in Progress 1 - Other equity 2,128 2,258 Right to use Assets 3,00
Slide 28: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (₹ in Mn) FY2023 FY2022 FY2023 FY2022 PBT (188) (164) (170) (149) Adjustments 1,081 871 1,117 897 Operating profit before working capital changes 893 708 947 749 Changes in working capital (104) (104) (94) (171) Cash generated from operations 7
Slide 29: Robust Standalone Financial Performance
Robust Standalone Financial Performance Revenue (₹ Million) EBIDTA (₹ Million) and EBIDTA Margins PBT (₹ Million) PAT (₹ Million) 28
Slide 30: Key Operating Metrics - Standalone
Key Operating Metrics - Standalone No. of Stores and Retail Space (lakh sq.ft.) Inventory Holding Days Sales per Sq. Ft. (₹ Per Month) Rent per Sq. Ft. (₹ Per Month) 29
Slide 31: Thank You
Thank You Investor Relation Advisor Company Dr. Rahul Porwal / Mr. Amit Porwal Mr. Sudhir Kumar Marathon Capital Advisory Private Limited (Company Secretary & Compliance Officer) Tel : +91-22-40030610 / 9967576900 / 9819773905 V2 Retail Limited Email : rahul@marathoncapital.in / Tel : +91-11-4177185