Future Lifestyle Fashions Ltd. · NSE:FLFL
Future Lifestyle Fashions — Q4 FY2019 Earnings Presentation
21 slides from Future Lifestyle Fashions's earnings presentation, May 1, 2019
Slide 1: Revised presentation cover letter to stock exchanges
Ref: FLFL/BM/ 2019-20 01 May 2019 To To Dept. of Corporate Services (CRD) Listing Department SSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Sandra - Kurla Complex, Sandra (East), Mumbai - 400 001 . Mumbai - 400 051 . Scrip Code : 536
Slide 2: Future Lifestyle Fashions Investor Update
ABP FY20 DOCKET Future Lifestyle Fashions Investor Update May 2019, Mumbai FUTURE LIFESTYLE FASHIONS
Slide 3: Disclaimer
Disclaimer This report contains forward-looking statements, which may be identified by their use of words like ‘plans’, ‘expects’, ‘will’, ‘anticipates’, ‘believes’, ‘intends’, ‘projects’, ‘estimates’, or other words of similar meaning. All statements that address expectations or projections about t
Slide 4: Q4 and FY 2019: Highlights
Q4 and FY 2019: Highlights Business Update • Organized Trade show for Bangalore brands – Curato ’19 to showcase ‘Looks’ for various ‘Occasions’ across Brands. • Lee Cooper TVC campaign received ~7 million views on different social media platforms. Trade show organized for Lee Cooper Apparel and Foot
Slide 5: Deliverables – 12th consecutive quarter of on-track performance
Deliverables – 12th consecutive quarter of on-track performance Area FY 17 FY18 FY19 Achieved Target 22% Revenue growth 17.5% 19.3% 27.3% • 15-17% CAGR CAGR EBITDA margin 44 bps • Expand by 40-50 bps 9.4% 9.8% 9.8% expansion% expansion over 3 years Avg SSG of • Deliver high single digit SSG %# 17.7%
Slide 6: Q4 FY19 – Financial Highlights
Q4 FY19 – Financial Highlights Central SSG% Brand Factory SSG% FLF SSG% Revenue ` 1,381 cr in Q4 FY19 8.6% 29.0% 6.5% 13.1% (4.8% in Q4 FY18) (` 1,071 cr in Q4 FY18) (1% in Q4 FY18) (13.7% in Q4 FY18) Gross Margin EBITDA PBT EPS ` 518 cr in Q4 FY19 ` 132 cr in Q4 FY19 ` 34 cr in Q4 FY19 ` 2.9 in Q4
Slide 7: 12M FY19 – Financial Highlights
12M FY19 – Financial Highlights Central SSG% Brand Factory SSG% FLF SSG% Revenue ` 5,728 cr in FY19 8.7% 27.3% 5.7% 13.9% (12.0% in FY18) (` 4,498 cr in FY18) (10.0% in FY18) (15.8% in FY18) Gross Margin EBITDA PBT EPS ` 2,039 cr in FY19 ` 564 cr in FY19 ` 240 cr in FY19 ` 9.8 in FY19 23.5% 24.0% 29
Slide 8: Same Store Retail Sales Performance
Same Store Retail Sales Performance 21% 15% 15% 14% 14% 13% 12% 11% 8% 9% 9% 9% 7% 7% 6% 5% 4% 1% Q4 FY18 Q1 FY19 Q2 FY19* Q3 FY19 Q4 FY19 FY19 Positive same store growth across Central and BF in Q4 FY19. Note: *Q2FY19 ssg adjusted for shift in festive days. # FLF SSG% is Central + Brand Factory SSG
Slide 9: New Store Launches
New Store Launches Opened 1 store in Q4, Total Store Count is 44 Opened 5 stores in Q4, Total Store Count is 93 New Store Details New Store Details Rajkot: Jan Prayagraj: Jan Mumbai: Jan Kolkata: Feb Indore: Jan Jabalpur: Feb FLF | Investor Update 8
Slide 10: Company store network
Company store network Store count Mar 17 Mar 18 Mar 19 35 40 44 53 63 93 EBOs 284 229 202 Total 372 332 339 Area (mn Sqft) 5.4 5.7 6.8 Store closure detail Mar 17 Mar 18 Mar 19 1 3 2 2 1 1 EBOs 48 80 52 Map is not to scale. Note:- Includes numbers of Lee Cooper business Stores. There are 3 Central s
Slide 11: Events and Campaigns
Events and Campaigns FLF | Investor Update 10
Slide 12: Lee Cooper key marketing and strategic initiatives
Lee Cooper key marketing and strategic initiatives SS ‘19 Wear Your Flex Campaign SS ‘19 New Collection Strategic Initiatives Latest Styles at Times Lee Cooper Style Talks Fresh Face Competition • Associated with ace fashion • Partnered with Times Fresh bloggers/Bollywood stylists for Face Competiti
Slide 13: aLL key initiatives
aLL key initiatives Spring Summer ’19 Collection Collaboration with Miss Curvy Pan India Brand Visibility • Launched aLL’s spring summer • Partnered as associate sponsor for • 25+ OOH & SOH taken across 17 key collection Miss Curvy, a beauty pageant markets across India. • Unbox fashion event at Inf
Slide 14: Events & updates – Brands
Events & updates – Brands Indigo Nation associates with MTV Roadies ‘RIG’ utility clothing Converse campaign • MTV Roadies and Indigo Nation caters to • RIG partnered with India • Converse launched the similar set of audience who are adventurous, Runway week event to campaign with Millie Bobby creat
Slide 15: Latest Events at Central & Brand Factory
Latest Events at Central & Brand Factory Central Brand Factory International Happiness Campaigns Day Rewarded customers with free shopping vouchers from brands worth Rs. 3000 on 18th March, a day where happiness is celebrated world over. FLF | Investor Update 14
Slide 16: Financial Performance – Q4 FY19 and 12M FY19
Financial Performance – Q4 FY19 and 12M FY19 FLF | Investor Update 15
Slide 17: FLF Snapshot – Q4 and FY19
FLF Snapshot – Q4 and FY19 Total Income Gross Profit EBITDA Margin PAT Gross Space Addition From Operations (mn. sq. ft.) Q4 FY19 ₹1,381 Cr ₹518 Cr 9.5% ₹56 cr 0.15 FY19 ₹5,728 Cr ₹2,039 Cr 9.8% ₹189 cr 1.14 FLF Brands Q4 Margins FY19 SSGs Contributed ~40% of Revenue in Q4FY19. FLF : 8.7% Repo
Slide 18: Financial Overview – Q4 FY19
Financial Overview – Q4 FY19 Income Statement (` Cr) Published Standalone + Lee Cooper Particulars Q4'18 Q4'19 Gr% Q4'18 Q4'19 Gr% Revenue from Operations 977 1,271 30.1% 1,071 1,381 29.0% COGS 589 784 33.1% 663 863 30.2% Gross Profit 388 487 25.6% 408 518 27.0% Gross Margin % 39.7% 38.3% 38.1% 37.5
Slide 19: Financial Overview – 12M FY19
Financial Overview – 12M FY19 Income Statement (` cr.) Published Consolidated Particulars FY18 FY19 Gr% FY18 FY19 Gr% Revenue from Operations 4,219 5,377 27.5% 4,498 5,728 27.3% COGS 2,651 3,459 30.5% 2,847 3,689 29.6% Gross Profit 1,568 1,918 22.3% 1,651 2,039 23.5% Gross Margin % 37.2% 35.7% 36.7%
Slide 20: Capital Employed statement (Consolidated)
Capital Employed statement (Consolidated) Capital Employed Statement As on ROCE% 13.9% ` in Cr Mar-18 Mar-19 Shareholder's Funds 1,530 1,827 Net Debt 738 778 Less: Non Current Investment 42 44 Net Adj Capital Employed 2,226 2,561 11.7% Net Non Current Assets 1,625 1,992 Net Current Assets 601 569 Ne
Slide 21: Thank You
Thank You Registered and Corporate Office: Knowledge House, Shyam Nagar, Off Jogeshwari - Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 +91 22 30842336 | investorrelations@futurelifestyle.in www.futurelifestyle.in
Future Lifestyle Fashions — Q4 FY2019 Earnings Presentation on 6ix