V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q1 FY2020 Earnings Presentation
18 slides from V-mart Retail's earnings presentation, Aug 3, 2019
Slide 1: V-Mart Price "Less" Fashion
2nd August, 2019 V MART PRICE "LESS" FASHION Ref. No. CS/SIL-363/2019-20 To, To: To: The Listing Department The Corporate Relationship Department NATIONAL STOCK EXCHANGE OF THE BSE LIMITED INDIA LIMITED Phiroze Jeejeebhoy Towers, "Exchange Plaza" Dalal Street, Mumbai-400 001 Bandra-Kurla Complex Scr
Slide 2: Click to edit Master subtitle style
Click to edit Master subtitle style 8/3/2019 1 8/3/2019 8/3/2019 Price “Less” Fashion 1 1
Slide 3: Disclaimer
Disclaimer This investor presentation has been prepared by V-Mart Retail Limited (“V-Mart”) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied shou
Slide 4: Key highlights: April-June FY'20 vs FY'19 results
Key highlights : April-June FY’20 vs FY’19 results • Number of Stores increases to 227 • Revenue grows by 25% • Same Store Sales growth : Company 5%, Volume 6% • Sales per sq. feet (per month) : Rs. 874 • Contribution of segment to total revenue : • Fashion 94% • Kirana 6% Click to edit Master subti
Slide 5: Financial Parameters: Q1 FY'20 vs FY'19
Financial Parameters : Q1 FY’20 vs FY’19 Sales (Rs. Mn) Q1'20 Q1'19 Sales Mix (%) 4,530 82.1% 81.7% 90.00% 5,000.00 3,612 80.00% 4,500.00 70.00% 4,000.00 60.00% 3,500.00 3,000.00 50.00% 2,500.00 40.00% 2,000.00 30.00% 1,500.00 11.5% 12.3% 20.00% 6.4% 6.0% 1,000.00 10.00% 500.00 0.00% 0.00 Apparels N
Slide 6: Operational Parameters: Q1 FY'20 vs FY'19
Operational Parameters : Q1 FY’20 vs FY’19 Footfall (lakhs) Conversion Rate (%) 112 59.5% 60.0% 120.0 70.0% 89 60.0% 100.0 50.0% 80.0 40.0% 60.0 30.0% 40.0 20.0% 20.0 10.0% 0.0 0.0% Q1'20 Q1'19 Q1'20 Q1'19 Transaction size (Rs.) Average Selling Price (Rs) Total Apparel 800.0 720 Click to edit Master
Slide 7: Operational Parameters: April-June FY'20 vs FY'19
Operational Parameters : April-June FY’20 vs FY’19 Sales per sq feet (per month) Store Count (No’s) Tier 1 Tier 2 Tier 3 Tier 4 874 874 133 900 140 800 120 700 89 600 100 500 80 400 44 60 38 300 26 30 25 21 200 40 100 20 - YTD'20 YTD'19 0 YTD'20 YTD'19 Same Store Sales Growth (%) Same Store Volume G
Slide 8: Operational Parameters: April-June FY'20 vs FY'19
Operational Parameters : April-June FY’20 vs FY’19 Expenses (% of Sales) Retail Space (lakhs Sq feet) YTD'20 YTD'19 9.0% 8.2% 19 7.8% 8.0% 20.0 7.0% 15 6.0% 5.0% 4.2% 15.0 4.0% 3.4% 3.4% 3.3% 3.0% 3.0% 2.9% 1.8% 10.0 2.0% 0.5% 0.6% 0.5% 1.0% 0.0% 5.0 * * a 0.0 YTD'20 YTD'19 Inventory (Days of Sales)
Slide 9: Ind-AS – Leases
Ind-AS 116 – Leases Introduction MCA has mandated a new Accounting Standard IND-AS 116 for Accounting for Leases with effect from April 1, 2019 Impact • Requires lessee to recognize leases on Balance Sheet measured at present value of minimum lease payments to be made over the lease period, as Right
Slide 10: Ind-AS 116: P&L Impact
Ind-AS 116 : P&L Impact (Rs. in million) Adjustments to increase / (decrease) in PAT Reported Q1'20 Ind-AS 116 adj. Comparable Q1'20 Revenues 4,531 (2) 4,533 Rent 21 (186) 207 Total Other expenses (incl. Rent) 437 (187) 624 Finance cost 120 118 2 Depreciation & Amortization 220 140 80 PBT 259 (74) 3
Slide 11: Statement of Profit and Loss
Rs. in million (except per share data) For the period ended Particulars 30.06.2019 30.06.2018 (Unaudited) (Unaudited) I. Revenue from operations 4,530 3,612 II. Other income 21 9 III. Total Revenue (I + II) 4,551 3,621 IV Total Expenses (IV) 4,292 3,247 V Profit before tax (III-IV) 259 374 VI Total
Slide 12: Balance Sheet and Cash Flow Statement
Rs. in million (unless stated otherwise) V-Mart Retail Limited Balance Sheet as at June 30, 2019 V-Mart Retail Limited As at As at 30 June. 2019 31 March. 2019 Cash Flow Statement for the period ended June 30, 2019 ASSETS Non-current as s ets For the period For the period Property, plant and equipme
Slide 13: Click to edit Master subtitle style
Click to edit Master subtitle style 8/3/2019 12 8/3/2019 8/3/2019 Price “Less” Fashion 12 12
Slide 14: State-wise store count
States Existing New Closed Total Assam 6 2 8 Bihar 41 2 43 Stores opened till FY19 214 Chandigarh 1 1 Delhi 3 3 Stores Opened Gujarat 6 6 during FY20 13 Haryana 1 1 Stores closed J&K 5 1 6 00 Jharkhand 17 1 18 during FY20 MP 8 2 10 Meghalaya 1 1 Odisha 10 10 Punjab 3 3 Rajasthan 5 5 UP 85 3 88 Uttar
Slide 15: New stores by state and retail space
S. Retail Space State No. (Sq ft) 1. J&K 9,800 2. Bihar 6,481 3. West Bengal 6,139 4. Uttar Pradesh 7,629 Himachal 5. 8,400 Pradesh 6. Assam 5,721 7. Uttar Pradesh 5,793 “Price Price “Less” Less‟ Fashion”, Fashion
Slide 16: New stores by state and retail space
Retail Space S. State (Sq ft) No. 8. Madhya Pradesh 7,441 9. Jharkhand 10,405 10. Assam 6,019 11. Uttar Pradesh 8,626 12. Bihar 8,527 13. Madhya Pradesh 8,717 “Price Price “Less” Less‟ Fashion”, Fashion
Slide 17: Campaign Period
Campaign Period Pana Sankarant April Indigo April Eid Ready May Jamai Shashti May Savitri Amavasya May Rajjo Sankaranti June EOSS June “Price Price “Less” Less‟ Fashion”, Fashion
Slide 18: Thank you
Thank you In case of any queries, pls contact the IR Team : Anand Agarwal – anand.agarwal@vmart.co.in Girish Garg – girish.garg@vmart.co.in Click to edit Master subtitle style Mobile - +91-9899560707 8/3/2019 17 8/3/2019 Price “Less” “Price Fashion Less‟ Fashion”, 17