Shoppers Stop Limited · NSE:SHOPERSTOP
Shoppers Stop — Q1 FY2021 Earnings Presentation
35 slides from Shoppers Stop's earnings presentation, Aug 13, 2020
Slide 1: Outcome of Board Meeting cover letter to exchanges
SEC/32/2020-21 August 13, 2020 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), Mumbai 400 001. Mumbai 400 051. Stock Code : 532638 Stock Symbol : SHOPERSTOP Dear Sir / Madam, Sub.: Outcome of the
Slide 2: Statement of Unaudited Standalone and Consolidated Financial Results Q1 FY21
Shoppers Stop Limited 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 : STATEMENT OF UNAUDITED STANDALONE AND CONSOLIDATE
Slide 3: Notes to the financial results
PART II : 1 The above financial results have been prepared in accordance with 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 busine
Slide 4: Independent Auditor's Review Report - Standalone
12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Chartered Accountants Mumbai – 400 028, India Tel: +91 22 6819 8000 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing
Slide 5: Standalone Limited Review Report (page 2)
Chartered Accountants Shoppers Stop Limited Standalone Limited Review Report Page 2 of 2 b. Litigation We draw attention to note 4 of the Statement regarding non provision of retrospective levy of service tax for the period from June 1, 2007 to March 31, 2010 on renting of immovable properties given
Slide 6: Independent Auditor's Review Report - Consolidated
12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Chartered Accountants Mumbai – 400 028, India Tel: +91 22 6819 8000 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listin
Slide 7: Consolidated Limited Review Report (page 2)
Chartered Accountants Shoppers Stop Limited Consolidated Limited Review Report Page 2 of 2 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7 below, nothing has com
Slide 8: Shoppers Stop Reported Revenue of Rs.60.7 Crs and EBITDA Loss of Rs.132.8 Crs
Press Release for Immediate Distribution Shoppers Stop Reported Revenue of Rs.60.7 Crs And EBITDA Loss of Rs. 132.8 Crs in Q1FY21 Mumbai, August 13, 2020: Shoppers Stop Ltd. (NSE: SHOPERSTOP | BSE: 532638) reported Sales of Rs.60.7 Crs and EBITDA Loss of Rs.132.8 Crs in the quarter (Non-GAAP). GAAP
Slide 9: Press release: liquidity and financial performance
cash conservation across the company to maintain short-term liquidity and balance sheet strength given the uncertain environment. The Company had a cash and Investments in Mutual Funds are at Rs.85 Crs. as of June 30, 2020 and further availed a Term Loan of Rs.75 Crs in July to deal with commitments
Slide 10: 01
01
Slide 11: COVID Reality
COVID REALITY Standalone stores 1. Q1 performance impacted by continued outperforming lockdowns due to the COVID pandemic. April mall stores and May were completely shut with partial openings in June. (1321 Store days in Q1 FY21 vs 7507 Store days in FY20 – Decline Decline in footfall by 82.4%). Ope
Slide 12: Table of Content
01. ABOUT US TABLE OF CONTENT 03
Slide 13: Company at a Glance
COMPANY AT A GLANCE 04 *for FY20
Slide 14: Footprint in India
FOOTPRINT IN INDIA 291 Stores ; 4.5M sq.ft Department Home Beauty Airport Crossword Stores Stop Stores Doors Stores os
Slide 15: Our Customers
OUR CUSTOMERS Our Core customer is a young family where the woman is the primary influencer. These upwardly mobile, middle to high income families, shop across our stores for the widest selection of brands. We have a fast-growing young customer base of 18-25 years age. These customers are shopping p
Slide 16: Digital Footprint
DIGITAL FOOTPRINT 67M ANNUAL VISITS ONLINE 10M MOBILE APP DOWNLOADS 25,000+ PIN CODE COVERAGE 7 3 S TO R E S MOBILE ENABLED BILLING 30% ONLINE FIRST CITIZEN MIX 07
Slide 17: Table of Content
01. ABOUT US 02. OUR COVID RESPONSE TABLE OF CONTENT 04. Q1 HIGHLIGHTS & COMPANY FINANCIALS 03. OUR STRATEGIC PILLARS 08
Slide 18: Operating Environment
OPERATING ENVIRONMENT • COVID Related Regulations hampered Opening of Malls and Stores. • Consumer behaviour changes continue to have material impact on the business due to this pandemic. • This impact has been witnessed by fashion retailers. Stores in non-metros have exhibited higher resilience, be
Slide 19: Store Re-opening
Customer STORE Testimonials RE-OPENING • Stores operational with all COVID- related precautions • Personal Shoppers to facilitate online shopping for First Citizens 10
Slide 20: Our COVID Response: Managing Cost and Sustaining Liquidity
OUR COVID • We are tracking favourably versus internal targets that were reset for the quarter due to pandemic in terms RESPONSE of financial performance, business recovery and on costs. MANAGING COST & SUSTAINING LIQUIDITY • Continues to focus on cost reduction initiatives and reducing monthly cash
Slide 21: Our COVID Response: Technology, Workplace and Talent
Accelerating Technology • Enabled Personal Shoppers to use Endless-Aisle to serve First Citizens • Rolled out S4/HANA, GRAVTY (new loyalty engine) OUR COVID Transforming Workplace and Talent RESPONSE • Digital dexterity training for core team members • 4,000+ manhours of training for store associate
Slide 22: Recap - Q4 FY20
NEW NOW NEXT NEW NORMAL NORMAL A. Protect the “CORE” B. Transform the “CORE” C. Scale the “NEW” RING FENCE FIRST CITIZENS BUSINESS CONTINUITY THE NEW NORMAL • Develop improved offering and services to • Employee safety ensure we lock-in First Citizen into Shoppers • Trust in brand Shoppers Stop Stop
Slide 23: Omni Channel E-Commerce and Amazon
Omni Channel E-Commerce and Amazon • Continuous engagement with First Citizens on app and website to buy online and with the help of Personal Shoppers using Endless Aisle • Improved the First Citizen mix online by 50% (FY21 30% vs FY20 20%) • Increase in ATV +34% • Single view of the customer throug
Slide 24: Table of Content
TABLE OF CONTENT 03. OUR STRATEGIC PILLARS 04. Q1 HIGHLIGHTS & COMPANY FINANCIALS 15
Slide 25: First Citizen loyalty program and new loyalty engine
With the launch of SAP S4 Hana and New Loyalty Engine viz. Gravty, we now have a single view of the customer offline and online. The Company has upgraded First Citizen Program for better engagement and personalization. 7M Program Members 76%+* Contribution To Company Sales (-4% from Q1 FY20) Key Gro
Slide 26: Delightful Customer Experience by Personal Shoppers
Providing Delightful Customer Experience by Personal Shoppers 2.3x Average Ticket Size 18%+ Contribution to Total Sales • Continue to serve our customers through our White Glove services and Endless Aisle to improve omni channel customer service experience. • Special initiative for serving our senio
Slide 27: Private & Exclusive Brands
PRIVATE & EXCLUSIVE BRANDS * FY20 12% * Including online 18 *Featured Brand - Glam
Slide 28: Beauty
150+ BEAUTY BRANDS FY20 15% Contribution to Total Sales CONTINUED DOMINANCE IN BEAUTY SEGMENT ACROSS ALL CHANNELS. • 11 New Brands Launched including Prada, Chloe, Bombay Shaving Company, WOW • Masterclasses / Insta LIVE Sessions hosted every weekend on Social Media • Exclusive Catalogues relevant t
Slide 29: Table of Content
TABLE OF CONTENT 04. Q1 HIGHLIGHTS & COMPANY FINANCIALS 20
Slide 30: Financials Q1FY21
FINANCIALS Q1FY 21 Particulars Non - GAAP Financials GAAP Financials Rs. in Crs. Q1FY21 Q1FY20 Gr% Q1FY21 Q1FY20 Gr% Revenue 60.7 1099.5 -94.5% 53.9 832.4 -93.9% Other Income 4.4 13.6 -67.6% 104.0 2.4 4161.8% Adjustment in net profit. GAAP changes Total Revenue 65.1 1,113.1 -94.2% 157.9 834.8 -81.6%
Slide 31: Balance Sheet
BALANCE SHEET Particulars Jun-20 Mar-20 Networth 649 774 Loan Fund 155 124 Total Liabilities 804 898 Fixed Assets (WDV) 605 641 Lease Deposit 215 216 Investments in CBL & FRL 99 71 Investment in Mutual Fund 70 154 Inventory 456 470 ROR Inventory 820 755 Deferred Tax Assets 96 58 Debtors , loans and
Slide 32: Cash Flow
CASH FLOW Particulars Jun-20 Mar-20 Cash Profit from Operations (after tax) -139.8 194.1 Creditors for Goods 32.2 110.3 Other Creditors and Liabilities 3.5 61.4 Inventories -50.9 -77.6 Loans & Advances & Sundry Debtors 55.2 -52.8 Cash generated from Operations -99.7 235.6 Fixed Assets(including CWIP
Slide 33: Highest Number of Awards Won by any Retailer
Best VM Installation & Green Initiative – Goonj Best Department Stores – Tapasya, Gurugram Highest Number of Awards Won by any Retailer Best Department Stores – Gaur City, Noida Best In-store Visual Merchandising – Gaur City, Noida 24
Slide 34: 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 35: Contact investor@shoppersstop.com
In case of any clarifications please contact on investor@shoppersstop.com 26