V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q2 FY2023 Earnings Presentation
32 slides from V2 Retail's earnings presentation, Nov 10, 2022
Slide 1: V2 Retail Limited
V2 Retail Limited November 10, 2022 BSE Limited National Stock Exchange Of India Limited Corporate Relationship Department Listing Department lst Floor, New Trading, Rotunda Building, Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalai Street, Fort, Bandra IEastl, M umbai -- 400 001 M u mbai --
Slide 2: Q2 & H1 FY23 Result Update
V2 Retail Limited Q2 & H1 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: Q2 & H1 FY23 Highlights
Q2 & H1 FY 23 Highlights We Value # Variety »
Slide 5: Performance Highlights – Q2 & H1 FY23 - Consolidated
Performance Highlights – Q2 & H1 FY23 - Consolidated EBIDTA ₹ 112 Mn in Q2 FY23 as compared to ₹ 195 Mn in Q2 FY22. ₹ 338 Mn in H1 FY23 as compared to ₹ 295 Mn in H1 FY22. Gross Profit PBT ₹ 548 Mn in Q2 FY23 as ₹ (155) Mn in Q2 FY23 as compared to ₹ 513 Mn in compared to ₹ (43) Mn in Q2 FY22. ₹ 1,1
Slide 6: Highlights – Q2 FY23
Highlights – Q2 FY23 Store Count & Retail Area 01 103 Stores at end of Q2 FY23 (Opened 2, Closed 1) Total Retail area ~10.89 lakh sq.ft. SSG 02 Same Store Sales Growth 24% in Q2 FY23 ASP 03 Average Selling price in Q2 FY23 was ₹ 263 ABV 04 Average Bill value in Q2 FY23 was ₹ 749 PSF 05 Sales per squ
Slide 7: Highlights – H1 FY23
Highlights – H1 FY23 Store Count & Retail Area 01 103 Stores at end of H1 FY23 (Opened 4, Closed 2) Total Retail area ~10.89 lakh sq.ft. SSG 02 Same Store Sales Growth 76% in H1 FY23 ASP 03 Average Selling price in H1 FY23 was ₹ 275 ABV 04 Average Bill value in H1 FY23 was ₹ 779 PSF 05 Sales per squ
Slide 8: Consolidated Financial Highlights
Consolidated Financial Highlights Revenue (₹ Million) Gross Profit (₹ Million) & Gross Profit Margins EBIDTA (₹ Million) and EBIDTA Margins Profit After Tax (₹ Million) 7
Slide 9: Standalone Financial Highlights
Standalone Financial Highlights Revenue (₹ Million) Gross Profit (₹ Million) & Gross Profit Margins EBIDTA (₹ Million) and EBIDTA Margins Profit After Tax (₹ Million) 8
Slide 10: Profit & Loss - Consolidated
Profit & Loss - Consolidated Particulars (₹ million) Q2 FY23 Q2 FY22 Y-O-Y Q1 FY23 H1FY23 H1FY22 Y-O-Y FY2022 Revenue from Operations 1,945 1,495 30% 2,113 4,058 2,321 75% 6,292 Other Income 12 20 10 22 112 159 Total Income 1,957 1,516 29% 2,123 4,079 2,432 68% 6,451 Gross Profit 548 513 7% 640 1,18
Slide 11: Pre Ind AS 116 Profit & Loss (Consolidated)
Pre Ind AS 116 Profit & Loss (Consolidated) Particulars (₹ million) Q2 FY23 Q2 FY22 Y-O-Y Q1 FY23 H1FY23 H1FY22 Y-O-Y FY2022 Revenue from Operations 1,945 1,495 30% 2,113 4,058 2,321 75% 6,292 Other Income 14 6 1 9 7 16 Total Income 1,959 1,502 2,114 4,067 2,328 6,308 Cost of M aterial Consumed 1,40
Slide 12: H1FY23 Balance Sheet - Consolidated
H1FY23 Balance Sheet - Consolidated Particulars (₹ in Mn) H1FY23 FY2022 Particulars (₹ in Mn) H1FY23 FY2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 1,011 1,029 Equity share capital 344 344 Capital Work in Progress - - Other equity 2,213 2,238 Right to us
Slide 13: Profit & Loss - Standalone
Profit & Loss - Standalone Particulars (₹ million) Q2 FY23 Q2 FY22 Y-O-Y Q1 FY23 H1FY23 H1FY22 Y-O-Y FY2022 Revenue from Operations 1,945 1,495 30% 2,113 4,058 2,321 75% 6,292 Other Income 9 20 9 18 111 156 Total Income 1,954 1,515 29% 2,122 4,076 2,432 68% 6,448 Gross Profit 492 460 7% 614 1,107 72
Slide 14: Pre Ind AS 116 Profit & Loss (Standalone)
Pre Ind AS 116 Profit & Loss (Standalone) Particulars (₹ million) Q2 FY23 Q2 FY22 Y-O-Y Q1 FY23 H1FY23 H1FY22 Y-O-Y FY2022 Revenue from Operations 1,945 1,495 30% 2,113 4,058 2,321 75% 6,292 Other Income 7 6 1 8 7 14 Total Income 1,952 1,502 2,114 4,066 2,328 6,306 Cost of M aterial Consumed 1,453 1
Slide 15: Balance Sheet - Standalone
Balance Sheet - Standalone Particulars (₹ in Mn) H1FY23 FY 2022 Particulars (₹ in Mn) H1FY23 FY 2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 881 916 Equity share capital 344 344 Capital Work in Progress 1 - Other equity 2,111 2,258 Right to use Assets 2,
Slide 16: Cash Flow
Cash Flow Standalone Consolidated Particulars (₹ in Mn) H1FY23 H1FY22 FY22 H1FY23 H1FY22 FY22 PBT (203) (198) (164) (191) (187) (149) Adjustments 543 377 871 558 387 897 Operating profit before working capital changes 340 179 708 367 200 749 Changes in working capital 62 28 (104) 89 (41) (171) Cash
Slide 17: Store Presence
Store Presence Jammu & Kashmir (1) Arunachal (1) & Uttarakhand (5) Meghalaya (1) Kathua Haldwani; Roorkee; Haridwar, Khatima; Dehradun Itanagar ; Shilong Himachal (1) Solan Assam (7) & Tripura (1) Guwahati 1; Guwahati 2; West Bengal (1) NCR (3) Guwahati 3; Silchar; Barpeta; Malda Mahipalpur; Faridab
Slide 18: Our Brands
Our Brands ci GODSPEED Honey Buaib FUN CUTE NAUGHTY H . HERRLICH
Slide 19: Promotion Campaigns
Promotion Campaigns 18
Slide 20: Promotion Campaigns
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Slide 21: Promotion Campaigns
Promotion Campaigns al » — Value& Variety Value # Variety -799° Shop for 1500 or above Shop for®2500 or above CP 2 () Fs: 20
Slide 22: Promotion Campaigns
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Slide 23: Management
Management We Value & Vaviedy » ee
Slide 24: 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 25: Board of Directors
Board of Directors Mr. Harbir Singh Sidhu Dr. Arun Kumar Roopanwal Mr. Lalit Kumar Mrs. Archana S Yadav Independent Director Independent Director Independent Director Independent Director • A Graduate (BA HONS) • He has over 35 Years of • He has over 30 Years of • A Chartered Accountant in from Camb
Slide 26: Key Financial Indicators - Historical
Key Financial Indicators - Historical
Slide 27: Standalone Profit & Loss
Standalone Profit & Loss Particulars (₹ in Mn) FY2018 FY2019 FY2020 FY2021 FY2022 Revenue from Operations 5,594 7,484 7,012 5,386 6,292 Other Income 33 99 222 222 156 Total Income 5,627 7,583 7,234 5,608 6,448 Growth (%) 19% 34% -6% -23% 17% Gross Profit 1,804 2,421 1,960 1,583 1,886 GP Margin (%) 3
Slide 28: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ in Mn) FY 2022 FY 2021 Particulars (₹ in Mn) FY 2022 FY 2021 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 916 971 Equity share capital 344 341 Capital Work in Progress - - Other equity 2,258 2,378 Right to use Assets 2,
Slide 29: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (₹ in Mn) FY2020 FY2021 FY2022 Revenue from Operations 7,012 5,386 6,292 Other Income 25 230 159 Total Income 7,037 5,616 6,451 Growth (%) -20% 15% Gross Profit 1,960 1,628 2,016 GP Margin (%) 28% 30% 32% EBIDTA 773 715 805 EBIDTA Margin (%) 11% 13% 13% Depreci
Slide 30: Robust Financial Performance
Robust Financial Performance Revenue (₹ Million) EBIDTA (₹ Million) and EBIDTA Margins PBT (₹ Million) PAT (₹ Million) 29
Slide 31: Key Operating Metrics
Key Operating Metrics No. of Stores and Retail Space (lakh sq.ft.) Inventory Holding Days Sales per Sq. Ft. (₹ Per Month) Rent per Sq. Ft. (₹ Per Month) 30
Slide 32: Thank You
Thank You Investor Relation Advisor Company Dr. Rahul Porwal Mr. Sudhir Kumar Marathon Capital Advisory Private Limited (Company Secretary & Compliance Officer) Tel : +91-22-40030610 / 9967576900 V2 Retail Limited Email : rahul@marathoncapital.in Tel : +91-11-41771850 : Email : cs@v2kart.com