Electronics Mart India Limited · NSE:EMIL
Electronics Mart India — H1 FY2023 Earnings Presentation
46 slides from Electronics Mart India's earnings presentation, 2022
Slide 1: Performance Highlights Q2 & H1 FY 2023
Performance Highlights Q2 & H1 FY 2023
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements” including, but not limited to, those relating to general business plans & strategy of Electronics Mart India Limited (“EMIL"), its future outlook & grow
Slide 3: Table of Contents
Table of Contents Section 1 H1 FY2023 Snapshot Section 2 Company Overview Section 3 Q2 & H1 FY2023 Highlights Section 4 Business Update / Development | 3
Slide 4: H1 FY23 Snapshot
H1 FY23 Snapshot | 4
Slide 5: H1 FY23 vs H1 FY22 | Snapshot
H1 FY23 vs H1 FY22 | Snapshot 26,362 42.2% 1,724 36.6% INR Mn Growth Vs H1 FY22 INR Mn Growth Vs H1 FY22 Revenue from Operations EBITDA Financial Metrics 648 58.6% 1,714 35.7% INR Mn Growth Vs H1 FY22 INR Mn Growth Vs H1 FY22 Operating Cash flow before Net Profit attributable to Shareholders Working
Slide 6: Awards & Accolades in H1FY23
Awards & Accolades in H1FY23 Recognition by our partners for our invaluable contribution Certificate of Appreciation Best Electronics Best Business For exemplary sales Retail Chain Performance contribution CY22 Q1 CY22(1) CY22 Samsung Radio City Samsung | 6
Slide 7: Company Overview
Company Overview | 7
Slide 8: Electronics Mart India – Quick Snapshot
Electronics Mart India – Quick Snapshot Largest player in the Southern region in revenue terms with 100 Multi 12 Exclusive dominance in Telangana and Andhra Pradesh and the 4th brand outlets (1) brand outlets (1) largest consumer durables and electronics retailer in India (3) Diversified product off
Slide 9: Cluster Based Distribution Network
Cluster Based Distribution Network (1) Deep penetration in the states of AP & TS with a growing presence in NCR Retail Presence NCR 36 3 MBOs: 8 Cities: 2 Online Presence City Presence States (2) 112 1.12 Mn sft Retail Stores Retail Area 100 MBOs & 12 EBOs Avg. Store Size of ~10K sft TS MBOs (3): 69
Slide 10: Year Wise Store Additions
Year Wise Store Additions Stores 71 +31.0% 93 +10.8% 103 +8.7% 112 Retail ‘000s Sft. 765 +23.0% 940 +10.7% 1,041 +8.0% 1,124 9 112 10 22 12 59 Opened 12 22 11 9 Closed - - 1 (1) - FY19 FY20 FY21 FY22 H1FY23 (additions) H1FY23 Particulars FY20 FY21 FY22 H1 FY23 Store Count 71 93 103 112 - MBOs 63 82
Slide 11: Our Retail Outlets
Our Retail Outlets EMI mBAJAY wer |ioee!
Slide 12: Our Specialized Retail Stores
Our Specialized Retail Stores | 12
Slide 13: Q2 & H1 FY23 Financial Update
Q2 & H1 FY23 Financial Update | 13
Slide 14: Quarter & H1FY23 Highlights
Quarter & H1FY23 Highlights Key Metrics H1FY23 is the 1st normalized H1 since the onset of the pandemic. The business has seen ~29.4% growth in bill cuts & ~8.8% growth in average ticket sizes YoY Key Points Particulars H1 FY22 H1 FY23 Growth A Bill Cuts (‘000s) 804,918 1,041,315 29.37% A – Bill cut
Slide 15: Operating Indicators
Operating Indicators Total Retail Area Net Retail Sales per Store (1) Same Store Growth Rate – 24M (2) ‘000 Sft INR Mn. % 31.6% 47.0% 437 Covid Not Annualized 408 Impacted 23.4% 1,124 384 1,079 Years 1,041 Stores operations 940 315 significantly 765 10.5% impacted in H1FY21 on account of Covid 213 1
Slide 16: Financial Indicators (1/2)
Financial Indicators (1/2) (1) Revenue from Operations # Revenue from Sale of Products – Channel Split # Revenue from Sale of Products – Category Split # INR Mn % of Revenue from Sale of Products % of Revenue from Sale of Products Rev. from Sale of Products Other Operating Rev. Retail Wholesale Onli
Slide 17: Financial Indicators (2/2)
Financial Indicators (2/2) (1) Inventory, Payable and Receivable Days (2) Total Debt to Equity Ratio (3) Days Times Inventory Days Receivable Days Payable Days 1.31 64 1.20 63 60 1.11 1.11 58 54 1.00 0.96 50 11 10 11 9 9 8 6 1 1 2 3 2 FY19 FY20 FY21 FY22 H1FY22 H1FY23 FY19 FY20 FY21 FY22 H1FY22 H1FY
Slide 18: Financial Summary
Financial Summary Consolidated Income Statement INR Mn Q2 FY22 Q2 FY23 YoY Growth H1 FY22 H1 FY23 YoY Growth REVENUE FROM OPERATIONS 9,302.36 12,277.42 31.98% 18,533.52 26,361.87 42.24% Other Income 15.22 7.33 -51.85% 23.62 25.34 7.28% TOTAL INCOME 9,317.58 12,284.75 31.84% 18,557.14 26,387.21 42.19
Slide 19: Financial Summary
Financial Summary Consolidated Balance Sheet Snapshot INR Mn H1 FY22 H1 FY23 Networth 5,965.11 6,616.47 Net Debt 5,592.42 8,308.44 Lease Liabilities 5,497.47 5,981.99 Capital Employed 17,055.00 20,906.90 Net Block (incld. CWIP & Intangibles) 3,038.75 5,012.66 Right to Use Assets 5,049.14 5,427.26 De
Slide 20: Business Update / Development
Business Update / Development | 20
Slide 21: Business Update / Development
Business Update / Development – As on September 30, 2022 we operate 8 MBO stores under the brand name “Electronics Mart” in the NCR region NCR Expansion – As of November 10, 2022 we have added a further 4 stores in the NCR region. Easy Kitchens Retailing aspirational modular kitchens & appliances Ne
Slide 22: Thank you
Thank you Electronics Mart India Limited || CIN: U52605TG2018PLC126593 Registered Office: M. No. 6-3-666/A1 To 7 - 3rd & 4th floor, Opp. NIMS Hospital, Panjagutta Main Road, Hyderabad, Telangana 500082 Ph. : 040 – 23230244 || Email: communications@bajajelectronics.in || Website: www.electronicsmarti
Slide 23: Glossary
Glossary AP Andhra Pradesh Rev. Revenue Bn Billion RoCE Return on Capital Employed CAGR Compounded Annual Growth Rate RoE Return on Equity CFO Cashflow from Operations SSGR Same Store Growth Rate EBO Exclusive Brand Outlet sft Square Feet EMIL Electronics Mart India Limited Tn Trillion FY Financial
Slide 24: Performance Highlights Q2 & H1 FY 2023
Performance Highlights Q2 & H1 FY 2023
Slide 25: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements” including, but not limited to, those relating to general business plans & strategy of Electronics Mart India Limited (“EMIL"), its future outlook & grow
Slide 26: Table of Contents
Table of Contents Section 1 H1 FY2023 Snapshot Section 2 Company Overview Section 3 Q2 & H1 FY2023 Highlights Section 4 Business Update / Development | 3
Slide 27: H1 FY23 Snapshot
H1 FY23 Snapshot | 4
Slide 28: H1 FY23 vs H1 FY22 | Snapshot
H1 FY23 vs H1 FY22 | Snapshot 26,362 42.2% 1,724 36.6% INR Mn Growth Vs H1 FY22 INR Mn Growth Vs H1 FY22 Revenue from Operations EBITDA Financial Metrics 648 58.6% 1,714 35.7% INR Mn Growth Vs H1 FY22 INR Mn Growth Vs H1 FY22 Operating Cash flow before Net Profit attributable to Shareholders Working
Slide 29: Awards & Accolades in H1FY23
Awards & Accolades in H1FY23 Recognition by our partners for our invaluable contribution Certificate of Appreciation Best Electronics Best Business For exemplary sales Retail Chain Performance contribution CY22 Q1 CY22(1) CY22 Samsung Radio City Samsung | 6
Slide 30: Company Overview
Company Overview | 7
Slide 31: Electronics Mart India – Quick Snapshot
Electronics Mart India – Quick Snapshot Largest player in the Southern region in revenue terms with 100 Multi 12 Exclusive dominance in Telangana and Andhra Pradesh and the 4th brand outlets (1) brand outlets (1) largest consumer durables and electronics retailer in India (3) Diversified product off
Slide 32: Cluster Based Distribution Network
Cluster Based Distribution Network (1) Deep penetration in the states of AP & TS with a growing presence in NCR Retail Presence NCR 36 3 MBOs: 8 Cities: 2 Online Presence City Presence States (2) 112 1.12 Mn sft Retail Stores Retail Area 100 MBOs & 12 EBOs Avg. Store Size of ~10K sft TS MBOs (3): 69
Slide 33: Year Wise Store Additions
Year Wise Store Additions Stores 71 +31.0% 93 +10.8% 103 +8.7% 112 Retail ‘000s Sft. 765 +23.0% 940 +10.7% 1,041 +8.0% 1,124 9 112 10 22 12 59 Opened 12 22 11 9 Closed - - 1 (1) - FY19 FY20 FY21 FY22 H1FY23 (additions) H1FY23 Particulars FY20 FY21 FY22 H1 FY23 Store Count 71 93 103 112 - MBOs 63 82
Slide 34: Our Retail Outlets
Our Retail Outlets EMI mBAJAY wer |ioee!
Slide 35: Our Specialized Retail Stores
Our Specialized Retail Stores | 12
Slide 36: Q2 & H1 FY23 Financial Update
Q2 & H1 FY23 Financial Update | 13
Slide 37: Quarter & H1FY23 Highlights
Quarter & H1FY23 Highlights Key Metrics H1FY23 is the 1st normalized H1 since the onset of the pandemic. The business has seen ~29.4% growth in bill cuts & ~8.8% growth in average ticket sizes YoY Key Points Particulars H1 FY22 H1 FY23 Growth A Bill Cuts (‘000s) 804,918 1,041,315 29.37% A – Bill cut
Slide 38: Operating Indicators
Operating Indicators Total Retail Area Net Retail Sales per Store (1) Same Store Growth Rate – 24M (2) ‘000 Sft INR Mn. % 31.6% 47.0% 437 Covid Not Annualized 408 Impacted 23.4% 1,124 384 1,079 Years 1,041 Stores operations 940 315 significantly 765 10.5% impacted in H1FY21 on account of Covid 213 1
Slide 39: Financial Indicators (1/2)
Financial Indicators (1/2) (1) Revenue from Operations # Revenue from Sale of Products – Channel Split # Revenue from Sale of Products – Category Split # INR Mn % of Revenue from Sale of Products % of Revenue from Sale of Products Rev. from Sale of Products Other Operating Rev. Retail Wholesale Onli
Slide 40: Financial Indicators (2/2)
Financial Indicators (2/2) (1) Inventory, Payable and Receivable Days (2) Total Debt to Equity Ratio (3) Days Times Inventory Days Receivable Days Payable Days 1.31 64 1.20 63 60 1.11 1.11 58 54 1.00 0.96 50 11 10 11 9 9 8 6 1 1 2 3 2 FY19 FY20 FY21 FY22 H1FY22 H1FY23 FY19 FY20 FY21 FY22 H1FY22 H1FY
Slide 41: Financial Summary
Financial Summary Consolidated Income Statement INR Mn Q2 FY22 Q2 FY23 YoY Growth H1 FY22 H1 FY23 YoY Growth REVENUE FROM OPERATIONS 9,302.36 12,277.42 31.98% 18,533.52 26,361.87 42.24% Other Income 15.22 7.33 -51.85% 23.62 25.34 7.28% TOTAL INCOME 9,317.58 12,284.75 31.84% 18,557.14 26,387.21 42.19
Slide 42: Financial Summary
Financial Summary Consolidated Balance Sheet Snapshot INR Mn H1 FY22 H1 FY23 Networth 5,965.11 6,616.47 Net Debt 5,592.42 8,308.44 Lease Liabilities 5,497.47 5,981.99 Capital Employed 17,055.00 20,906.90 Net Block (incld. CWIP & Intangibles) 3,038.75 5,012.66 Right to Use Assets 5,049.14 5,427.26 De
Slide 43: Business Update / Development
Business Update / Development | 20
Slide 44: Business Update / Development
Business Update / Development – As on September 30, 2022 we operate 8 MBO stores under the brand name “Electronics Mart” in the NCR region NCR Expansion – As of November 10, 2022 we have added a further 4 stores in the NCR region. Easy Kitchens Retailing aspirational modular kitchens & appliances Ne
Slide 45: Thank you
Thank you Electronics Mart India Limited || CIN: U52605TG2018PLC126593 Registered Office: M. No. 6-3-666/A1 To 7 - 3rd & 4th floor, Opp. NIMS Hospital, Panjagutta Main Road, Hyderabad, Telangana 500082 Ph. : 040 – 23230244 || Email: communications@bajajelectronics.in || Website: www.electronicsmarti
Slide 46: Glossary
Glossary AP Andhra Pradesh Rev. Revenue Bn Billion RoCE Return on Capital Employed CAGR Compounded Annual Growth Rate RoE Return on Equity CFO Cashflow from Operations SSGR Same Store Growth Rate EBO Exclusive Brand Outlet sft Square Feet EMIL Electronics Mart India Limited Tn Trillion FY Financial
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