V.i.p.industries Ltd. · NSE:VIPIND
V.i.p.industries — Q3 FY22 Earnings Presentation
17 slides from V.i.p.industries's earnings presentation, Feb 2, 2022
Slide 1: Covering letter to exchanges
2nd February, 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: Prese
Slide 2: Agenda
AGENDA 01 Q3 FY22 Business performance 02 Key business Drivers & Way forward
Slide 3: Q3 FY22 Business Performance
Q3 FY22 Business Performance
Slide 4: Q3 Business Context
Q3 Business Context Declining Active cases – Monthly ( All India ) Improving Domestic Airline Passenger Traffic (In cr) Travel Industry Recovery Visible 80.0 70.0 71.3 60.0 62.4 50.0 40.0 30.0 26.2 20.0 20.0 18.7 22.1 18.0 16.4 10.0 11.1 12.8 12.4 12.9 8.0 7.9 10.1 3.9 4.6 3.13.3 0.0 0.3 1.6 Nov'20
Slide 5: Revenue Recovery
Revenue Recovery Rs. in Crores 450 100% 92% 90% 400 397 350 78% 80% 80% 330 70% 300 2nd Wave 60% 250 54% 243 50% 233 200 1st Wave 206 40% 37% 150 30% 25% 100 20% 103 50 10% 7% 40 0 0% Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q2 FY22 Q2 FY22 Q3 FY22 Revenue recovery as compared to 2019-20. Recovery seen start
Slide 6: Revenue performance: Luggage Categories & Brands
Revenue performance : Luggage Categories & Brands Value Portfolio driving growth in the pandemic era, unfavorable to Underlying tail wind in HL category in line with global trends further margins however critical to gain back lost share accentuated with the pandemic, similar for all players Q3
Slide 7: New in HL Portfolio
New in HL Portfolio Top sellers
Slide 8: Consolidated Financial Results
Consolidated Financial Results Rs. in Crores Quarter ended Rs. in Crores Year ended Year ended Particulars Dec-21 Sep-21 Dec-20 Dec-21 Dec-20 Mar-21 Revenue from Operations 397 330 233 934 376 619 Other Income 9 7 10 31 32 48 Total Revenue 407 337 243 964 408 667 COGS 203 175 143 479 229 366 Gross C
Slide 9: Financial Highlights
Financial Highlights • Q3 revenue growth at 120% over Q2 FY22 Sep quarter. Hard Luggage constitutes 48% of total revenue for this quarter. • Q3 GM after netting of other income is 49% as compared to 47% in Q2 FY22 mainly due to price increase and mix in favour of VIP & Skybags. • Q3 Overall Expense
Slide 10: Other Expenses
Other Expenses Rs. in Crores For the Quarter ended Year ended Year ended Particulars Dec-21 Sep-21 Dec-20 Dec-21 Dec-20 Mar-21 Job Work Charges 6.6 6.2 2.6 15.9 3.7 8.5 Electricity, Power & Fuel Expenses 4.2 4.6 2.8 12.0 6.0 10.0 Rent 0.6 0.7 2.3 1.9 5.4 5.9 Repairs 2.8 2.6 2.9 8.0 7.2 10.6 Insuranc
Slide 11: Key Financial Metrics
Key Financial Metrics Net Debt Net Current Assets - - - 343 Dec-21 Dec-20 Mar-21 274 260 Dec-21 Dec-20 Mar-21 Investments & Cash & Bank Borrowings 219 231 148 154 141 68 Dec-21 Dec-20 Mar-21 Dec-21 Dec-20 Mar-21
Slide 12: Key Financial Metrics – Q3
Key Financial Metrics – Q3 Revenue Gross Margin 407 337 50% 48% 41% 243 Dec-21 Sep-21 Dec-20 Dec-21 Sep-21 Dec-20 EBITDA PBT before Exceptional Item 44 25 16% 14% 8% Dec-21 Sep-21 Dec-20 -8 Dec-21 Sep-21 Dec-20
Slide 13: Key Business Drivers & Way Forward
Key Business Drivers & Way Forward
Slide 14: Priorities shaping up our post pandemic revival
Priorities shaping up our post pandemic revival .. 1. Drastic shift towards own manufacturing and better upstream control, unlocking cost efficiencies and better speed to market 2. Leverage accelerated shift of consumer preference towards Hard Luggage, significant investments in capex to enhance cap
Slide 15: Business Environment going forward
Business Environment going forward Q4 Wave 3 of Covid is expected to have a sharper peak with a faster deceleration of the spread, with lesser severity of cases and overall lesser fear and Managing Inflation Vs fueling demand High unprecedented Inflationary pressure on input cost disruption expected
Slide 16: 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 17: Thank You.
Thank You.