V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q4 FY2024 Earnings Presentation
40 slides from V2 Retail's earnings presentation, May 30, 2024
Slide 1: V2 Retail Limited
V2 Retail Limited 30th May, 2024 BSE Ltd. National Stock Exchange of India Ltd. Corporate Relation Department, Listing Department Listing Department, Exchange Plaza, C-1, Block- G, Rotunda Building, PJ Towers, Bandra Kurla Complex Dalal Street, Mumbai – 400 023. Bandra (East) Mumbai–400 051 Scrip Co
Slide 2: V2 Retail Limited Q4 & FY24 Investor Presentation
congr=e0 (bellia = [S BRATS ESTD.1994 BODY & MIND omtGINAs iv V2 Retail Limited @4 & FY24 Investor Presentation
Slide 3: Q4 & FY24 Performance Highlights
Q4 & FY24 Performance Highlights
Slide 4: Q4 & FY24 Performance Highlights (Consolidated)
Q4 & FY24 Performance Highlights (Consolidated) 01 02 03 04 Revenue Gross Profit EBIDTA PAT Q4Q2FY24 FY24 ₹ 296.0 crore +53% ₹ 82.8 crore +50% ₹ 31.4 crore +121% ₹ 3.6 crore +147% 28.0% 10.6% 1.2% FY24 ₹ 1164.7 crore +39% +33% +76% ₹ 27.8 crore +317% ₹ 346.0 crore ₹ 147.8 crore 29.7% 12.7% 2.4% 3 3
Slide 5: Key Operational Highlights Q4 FY24
Key Operational Highlights Q4 FY24 Store Count & Retail Area Average Selling Price 117 Stores at the end of Q4 FY24 ASP was ₹ 262 in Q4 FY24 as compared (Opened 10) to ₹263 in Q4 FY23. Total Retail Area ~12.54 lakh sq.ft. Average Bill Value ABV was ₹ 795 in Q4 FY24 as compared to ₹ 776 in Q4 FY23 Sa
Slide 6: Key Operational Highlights FY24
Key Operational Highlights FY24 Store Count & Retail Area Average Selling Price 117 Stores at the end of FY24 ASP was ₹ 263 in FY24 as compared to (Opened 24, Closed 9) ₹ 283 in FY23. Total Retail Area ~12.54 lakh sq.ft. Average Bill Value ABV was ₹ 797 in FY24 as compared to ₹ 797 in FY23 Same Stor
Slide 7: Q4 & FY24 Financial Highlights (Consolidated)
Q4 & FY24 Financial Highlights (Consolidated) Revenue (₹ Cr) Gross Profit (₹ Cr) 29.7% 39% 31.0% 839 346 1,165 53% 260 28.0% 296 28.6% 29.7% 193 33% 83 55 Q4 FY24 Q4 FY23 FY24 FY23 Q4 FY24 Q4 FY23 FY24 FY23 EBIDTA (₹ Cr) PAT (₹ Cr) 13.4% Q4 FY24 Q4 FY23 FY24 FY23 10.8% (20.1)% (11.1)% 148 17.4% 147%
Slide 8: Q4 & FY24 Financial Highlights (Standalone)
Q4 & FY24 Financial Highlights (Standalone) Revenue (₹ Cr) Gross Profit (₹ Cr) 27.4% 39% 29.0% 1,165 320 53% 839 243 25.5% 26.4% 29.7% 296 33% 193 75 51 Q4 FY24 Q4 FY23 FY24 FY23 Q4 FY24 Q4 FY23 FY24 FY23 EBIDTA (₹ Cr) PAT (₹ Cr) Q4 FY24 Q4 FY23 FY24 FY23 12.2% (20.1)% 27 (11.1)% 9.4% 147% 142 288%
Slide 9: Q4 & FY24 Profit & Loss - Consolidated
Q4 & FY24 Profit & Loss - Consolidated Y-O-Y Y-O-Y Particulars (₹ Cr) Q4 FY24 Q4 FY23 Q3 FY24 FY24 FY23 % Change % Change Revenue from Operations 296.0 193.4 53% 373.8 1,164.7 838.9 39% COGS 213.3 138.2 256.2 818.7 578.8 Gross Profit 82.8 55.2 50% 117.5 346.0 260.1 33% GP Margin % 28.0% 28.6% 31.4%
Slide 10: Q4 & FY24 Profit & Loss – Consol. (Pre Ind As 116)
Q4 & FY24 Profit & Loss – Consol. (Pre Ind As 116) Y-O-Y Y-O-Y Particulars (₹ Cr) Q4 FY24 Q4 FY23 Q3 FY24 FY24 FY23 % Change % Change Revenue from Operations 296.0 193.4 53% 373.8 1,164.7 838.9 39% COGS 213.9 138.7 256.8 821.1 580.8 Gross Profit 82.2 54.7 50% 116.9 343.6 258.1 33% GP Margin % 27.8%
Slide 11: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) Particulars (₹ in Cr) FY2024 FY2023 Particulars (₹ in Cr) FY2024 FY2023 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 116.1 98.6 Equity share capital 34.6 34.4 Capital Work in Progress 0.2 0.1 Other equity 240.1 212.5 Right to use
Slide 12: Q4 & FY24 Profit & Loss - Standalone
Q4 & FY24 Profit & Loss - Standalone Y-O-Y Y-O-Y Particulars (₹ Cr) Q4 FY24 Q4 FY23 Q3 FY24 FY24 FY23 % Change % Change Revenue from Operations 296.0 193.4 53% 373.8 1,164.7 838.9 39% COGS 220.6 142.4 262.6 845.1 595.5 Gross Profit 75.4 51.0 48% 111.2 319.7 243.4 31% GP Margin % 25.5% 26.4% 29.7% 27
Slide 13: Q4 & FY24 Profit & Loss – Standalone (Pre Ind As 116)
Q4 & FY24 Profit & Loss – Standalone (Pre Ind As 116) Y-O-Y Y-O-Y Particulars (₹ Cr) Q4 FY24 Q4 FY23 Q3 FY24 FY24 FY23 % Change % Change Revenue from Operations 296.0 193.4 53% 373.8 1,164.7 838.9 39% COGS 220.6 142.4 262.6 845.1 595.5 Gross Profit 75.4 51.0 48% 111.2 319.7 243.4 31% GP Margin % 25.
Slide 14: Balance Sheet (Standalone)
Balance Sheet (Standalone) Particulars (₹ in Cr) FY2024 FY2023 Particulars (₹ in Cr) FY2024 FY2023 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 95.2 85.7 Equity share capital 34.6 34.4 Capital Work in Progress 0.2 0.1 Other equity 239.9 212.8 Right to use Ass
Slide 15: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (₹ in Cr) FY2024 FY2023 FY2024 FY2023 PBT 30.6 (18.8) 31.4 (17.0) Adjustments 131.3 108.1 136.4 111.7 Operating profit before working capital changes 161.9 89.3 167.8 94.7 Changes in working capital (76.2) (10.4) (75.0) (9.4) Cash generated fro
Slide 16: Promotion Campaigns
Promotion Campaigns Value& Variety
Slide 17: Promotion Campaigns
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Slide 18: Stores Opening
ial Stores Opening Vale $ Vario Value& . Value& _ 2 Variety ~ ayes Variety 4 -_ SHERE PUNJAB CHOWK, JHARKHAND www.v2retail. com CAMPUS CINEMA ROAD, HAJIPUR DIST. VAISHALI CINE KRISHNA BOOBNA PLAZA
Slide 19: Stores Opening
Stores Opening Ww Valeo + Variody “A Ry ‘i Wp yvoues = = Pee Py votes porn Variety 4 ~ Variety i 4 ~ _— PATNA " R + EX INDSTRIAL STATE ROAD, KURJI MOD, PATNA, BIHAR -800010 BELAGAVI: ANGOL CROSSING ,TILAKWADI, BELAGAVI, KARNATAKA - 590006 www.v2retail.com 18
Slide 20: Stores Opening
Stores Opening Vale $ Vario www.v2retal. com ‘eh MAY GRAND OPENING IN 7 mee > as &rELIBAGE =i ea | J TELIBAGH NEAR SANI MANDIR CHAURAHA [ANAND HERO NEAR HI-TECH MORE MURDHAWA RENUKOOT, TUCKNOW PIN CODE 226002 DISTRICT- SONBHADRA UTTER PARDESH 231217 \wwow.v2retall.com
Slide 21: Corporate Overview
Corporate Overview
Slide 22: Company Overview
Company Overview V2 Retail Limited, incorporated Its motto is “Value & Variety" can in the year 2001 with an objective of providing be truly identified from the range merchandise to masses at and the value of product affordable price. portfolio it maintain across all stores. V2 Retail caters to the
Slide 23: Shopping Trigger and Business Verticals
Business Verticals • Men’s Wear – Upper, Lower, Occasion Wear, Winter Wear, Sportswear, Formal, Casual, • Ladies Wear – Ethnic wear, Upper, Lower, Occasion Wear, Winter Wear, Sportswear • Kids Wear – Boy, Girls, Infants, Winter Wear • Lifestyle - Lifestyle products like Deodorants, wallets, sunglass
Slide 24: Product Design to Manufacture to Retail
Product Design to Manufacture to Retail A B C D E F G Product Design Manufacturing Job Work Supply Chain Warehouse & Retail Stores Customer Management Logistic Satisfaction • In House Product • State of art • Dedicated Job • Mix of own • Centralised • 117 Stores in • Ensuring a development manufactu
Slide 25: In-House Manufacturing Facility
In-House Manufacturing Facility 24 24
Slide 26: In-House Manufacturing Facility
In-House Manufacturing Facility V2 Smart Manufacturing Private Limited 25 25
Slide 27: Store Presence
Store Presence State No. of Stores Arunachal Pradesh 1 Assam 7 Bihar 27 Delhi & NCR 6 Goa 2 Himachal Pradesh 1 J&K 1 Jharkhand 8 Karnataka 7 Madhya Pradesh 3 Meghalaya 1 Odisha 18 Tripura 1 Uttar Pradesh 26 Uttrakhand 4 West Bengal 4 Total 117 26 26
Slide 28: Stores Ambience
ee aaa ee es Stores Ambience
Slide 29: Stores Ambience
Stores Ambience 28 28
Slide 30: Board of Directors
Board of Directors Mr. Ram Chandra Agarwal, Ms. Uma Agarwal, Mr. Akash Agarwal, Chairman & Managing Director Whole Time Director Whole Time Director • Mr. Agarwal holds a bachelor’s degree in • Mrs. Agarwal holds a bachelor’s degree in • Mr. Akash Agarwal holds an International Commerce. Arts. MBA f
Slide 31: Independent Directors
Independent Directors Dr. Arun Kumar Roopanwal Mrs. Archana S Yadav Mr. Srinivas Anand Mannava Independent Director Independent Director Independent Director • He has over 35 Years of • A Chartered Accountant in • Post-Graduate Program in extensive experience in practice with more than 14 years Busi
Slide 32: Historical Financial & Operational Indicators
Historical Financial & Operational Indicators
Slide 33: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (₹ in Cr) FY2020 FY2021 FY2022 FY2023 FY2024 Revenue from Operations 701.2 538.6 629.2 838.9 1,164.7 Growth (%) -23.2% 16.8% 33.3% 38.8% Gross Profit 196.0 162.8 201.6 260.1 346.0 GP Margin (%) 27.9% 30.2% 32.0% 31.0% 29.7% EBIDTA 74.9 48.5 64.7 84.0 147.8 EBID
Slide 34: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ in Cr) FY2024 FY2023 FY2022 Particulars (₹ in Cr) FY2024 FY2023 FY2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 116.1 98.6 102.9 Equity share capital 34.6 34.4 34.4 Capital Work in Progress 0.2 0.1 - Other equity
Slide 35: Standalone Profit & Loss
Standalone Profit & Loss Particulars (₹ in Cr) FY2020 FY2021 FY2022 FY2023 FY2024 Revenue from Operations 701 539 629 839 1,165 Growth (%) -6.3% -23.2% 16.8% 33.3% 85.1% Gross Profit 196.0 158.3 188.6 243.4 319.7 GP Margin (%) 27.9% 29.4% 30.0% 29.0% 27.4% EBIDTA 76.0 48.8 60.7 78.8 142.4 EBIDTA Mar
Slide 36: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ in Cr) FY2024 FY2023 FY 2022 Particulars (₹ in Cr) FY2024 FY2023 FY 2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 95.2 85.7 91.6 Equity share capital 34.6 34.4 34.4 Capital Work in Progress 0.2 0.1 - Other equity 23
Slide 37: Robust Standalone Financial Performance
Robust Standalone Financial Performance Revenue (₹ Cr) EBIDTA (₹ Cr) & EBIDTA Margin PBT (₹ Cr) PAT (₹ Cr) 36 36
Slide 38: Key Operating Matrix - Standalone
Key Operating Matrix - Standalone Revenue No. of Stores (₹Space & Retail Million) (lakh sq.ft.) Inventory Holding Days Sales Per Sq. Ft. (₹ Per Month) Rent Per Sq. Ft. (₹ Per Month) 60 50 40 30 50 53 45 20 38 40 10 0 37 37 FY2020 FY2021 FY2022 FY2023 FY2024 37
Slide 39: 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 40: Investor Relation Advisor
Investor Relation Advisor Dr. Rahul Porwal / Mr. Amit Porwal Marathon Capital Advisory Private Limited Company Secretary & Compliance Officer Tel : +91-22-40030610 / 9967576900 / 9819773905 V2 Retail Limited Email : rahul@marathoncapital.in / amit@marathoncapital.in Te] : +91-11-41771850 : Email : c