V.i.p.industries Ltd. · NSE:VIPIND
V.i.p.industries — Q4 FY22 Earnings Presentation
16 slides from V.i.p.industries's earnings presentation, May 17, 2022
Slide 1: Cover letter to BSE and NSE on investor presentation
17th May, 2022 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal St, Kala Ghoda, Fort, Plot No. C/1, G Block, Mumbai – 400001 Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. Code No. 507880 and 959982 Code – VIPIND Subject: Presentat
Slide 2: Agenda
AGENDA 01 Q4 FY22 Business performance 02 Future Outlook
Slide 3: Q4 FY22 Business Performance
Q4 FY22 Business Performance
Slide 4: Q4 Business Context
Q4 Business Context Quarter witnessed short Covid wave 3 disruption at onset Number of Domestic Cases Improving Domestic Airline Passenger Traffic (In cr) 1.3 1.27 1.23 1.11 1.05 0.80 0.76 0.78 0.88 0.78 0.78 0.78 0.71 0.64 0.66 0.69 0.64 0.53 0.56 0.51 0.39 0.30 0.20 0.26 0.21 0.21 0 0.03 Feb '20 F
Slide 5: Revenue Snapshot
Revenue Snapshot Q4 FY22 is first quarter to report close to full recovery on a pre-pandemic base Revenue & Recovery Rate 450 140% 400 114%* 120% 350 92% 100% 300 78% 80% 250 54% 80% 200 397 60% 356 330 150 37% 25% 40% 233 243 100 206 7% 20% 50 103 40 0 0% Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2
Slide 6: Revenue performance: Categories & Brands
Revenue performance : Categories & Brands Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Brand Salience FY20 Category Salience FY20 FY20 FY22 FY22 FY22 FY22 FY20 FY22 FY22 FY22 FY22 UPRIGHTS 63% 63% 74% 72% 74% 76% VIP 25% 24% 23% 21% 21% 21% HARD LUGGAGE - UPRIGHT 49% 56% 52% 64% 61% 62% SKYBAGS 37% 36% 34% 36% 30%
Slide 7: Consolidated Financial Results
Consolidated Financial Results Rs. in Crores Quarter ended Year ended Particulars Mar-22 Dec-21 Mar-21 Mar-22 Mar-21 Revenue from Operations 356 397 243 1290 619 Other Income 6 9 16 36 48 Total Revenue 362 407 259 1326 667 COGS 166 203 137 645 366 Gross Contribution 195 204 123 681 301 GC Margin (wi
Slide 8: Financial Highlights
Financial Highlights • In spite of disruption caused by wave 3, revenue was Rs. 356 crores – ahead of Q4FY20. Hard Luggage constitutes 47% of total revenue for this quarter. • Q4 GM after netting of other income is 53% as compared to 49% in Q3 FY22 mainly due to price increase and mix in favour of V
Slide 9: Other Expenses
Other Expenses Rs. in Crores For the Quarter ended Year ended Particulars Mar-22 Dec-21 Mar-21 Mar-22 Mar-21 Job Work Charges 7.4 6.6 4.8 23.4 8.5 Electricity, Power & Fuel Expenses 4.7 4.2 4.0 16.7 10.0 Rent 1.3 0.6 0.5 3.2 5.9 Repairs 3.8 2.8 3.4 11.8 10.6 Insurance 1.9 1.6 1.6 6.0 4.8 Rates and t
Slide 10: Key Financial Metrics – FY22
Key Financial Metrics – FY22 Net Debt Net Current Assets 61 445 260 - Mar-22 Mar-21 Mar-22 Mar-21 Investments & Cash & Bank Borrowings 231 154 123 61 Mar-22 Mar-21 Mar-22 Mar-21
Slide 11: Key Financial Metrics – Q4 FY22
Key Financial Metrics – Q4 FY22 Revenue Gross Margin 407 54% 362 50% 47% 259 Mar-22 Dec-21 Mar-21 Mar-22 Dec-21 Mar-21 EBITDA PBT before Exceptional Item 44 16% 16 11% 8% Mar-22 Dec-21 Mar-21 -6 Mar-22 Dec-21 Mar-21
Slide 12: Future Outlook
Future Outlook
Slide 13: Business Environment for Q1 FY23
Business Environment for Q1 FY23 Every indicator of consumption points towards very positive demand environment Q1 wedding dates Airline traffic 49 43 32 32 2019 2020 2021 2022 Travel picking up - India has resumed regular international flights Pandemic free Q1 wedding season after 2 years - Domesti
Slide 14: Equally, there are headwinds to be navigated
… Equally, there are headwinds to be navigated Inflation Price Increases Future Group Impact High unprecedented - To compensate for rising - Reliance take over led to closure Inflationary pressure on input inflation - We have taken periodic of 430 shops across the Future cost expected and the tight
Slide 15: Disclaimer
Disclaimer • Statements in this presentation, particularly those which relate to management’s views and analysis, describing the Company’s objectives, projections, estimates and expectations may constitute “forward looking statements” within the meaning of applicable laws and regulations. • Actual r
Slide 16: Thank You.
Thank You.