V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q3 FY2024 Earnings Presentation
37 slides from V2 Retail's earnings presentation, Feb 10, 2024
Slide 1: V2 Retail Limited
V2 Retail Limited February 10, 2024 BSE Limited National Stock Exchange Of India Limited Corporate Relationship Department Listing Department lst Floor, New Trading, Rotunda Building, Exchange Plaza, Bandra Kurta Complex, P J Towers, Dalai Street, Fort, Bandra beast), M umbai -- 400001 M u mbai -- 4
Slide 2: V2 Retail Limited Investor Presentation
i GODSPE=D Cbellia BODY & MIND V2 Retail Limited | Investor Presentation
Slide 3: Q3 & 9M FY24 Performance Highlights
Q3 & 9M FY24 Performance Highlights
Slide 4: Q3 & 9M FY24 Performance Highlights (Consolidated)
Q3 & 9M FY24 Performance Highlights (Consolidated) 01 02 03 04 Revenue Gross Profit EBIDTA PAT Q3Q2FY24 FY24 ₹ 373.8 crore +56% ₹ 117.5 crore +37% ₹ 60.9 crore +60% ₹ 23.6 crore +153% 31.4% 16.3% 6.3% 9M FY24 ₹ 868.7 crore +35% +28% +67% ₹ 24.1 crore +572% ₹ 263.2 crore ₹ 116.4 crore 30.3% 13.4% 2.8
Slide 5: Key Operational Highlights Q3 FY24
Key Operational Highlights Q3 FY24 Store Count & Retail Area Average Selling Price 107 Stores at the end of Q3 FY24 ASP was ₹ 291 in Q3 FY24 as compared (Opened 7, Closed 3) to ₹320 in Q3 FY23. Total Retail Area ~11.40 lakh sq.ft. Average Bill Value ABV was ₹ 855 in Q3 FY24 as compared to ₹ 847 in Q
Slide 6: Key Operational Highlights 9M FY24
Key Operational Highlights 9M FY24 Store Count & Retail Area Average Selling Price 107 Stores at the end of 9M FY24 ASP was ₹ 263 in 9M FY24 as compared (Opened 14, Closed 9) to ₹290 in 9M FY23. Total Retail Area ~11.40 lakh sq.ft. Average Bill Value ABV was ₹798 in 9M FY24 as compared to ₹ 803 in 9
Slide 7: Q3 & 9MFY24 Financial Highlights (Consolidated)
Q3 & 9MFY24 Financial Highlights (Consolidated) Revenue (₹ Cr) Gross Profit (₹ Cr) 30.3% 35% 31.7% 263 869 645 56% 31.4% 35.9% 205 374 240 118 29.7% 86 33% Q3 FY24 Q3 FY23 9M FY24 9M FY23 Q3 FY24 Q3 FY23 9M FY24 9M FY23 EBIDTA (₹ Cr) PAT (₹ Cr) 13.4% Q3 FY24 Q3 FY23 9M FY24 9M FY23 10.8% 16.3% (20.1
Slide 8: Q3 & 9MFY24 Financial Highlights (Standalone)
Q3 & 9MFY24 Financial Highlights (Standalone) Revenue (₹ Cr) Gross Profit (₹ Cr) 35% 28.1% 29.8% 869 56% 645 29.7% 244 34.4% 192 374 240 111 29.7% 82 33% Q3 FY24 Q3 FY23 9M FY24 9M FY23 Q3 FY24 Q3 FY23 9M FY24 9M FY23 EBIDTA (₹ Cr) PAT (₹ Cr) 12.9% Q3 FY24 Q3 FY23 9M FY24 9M FY23 10.3% 16.2% 112 (20
Slide 9: Q3 & 9MFY24 Profit & Loss - Consolidated
Q3 & 9MFY24 Profit & Loss - Consolidated Y-O-Y Y-O-Y Particulars (₹ Cr) Q3 FY24 Q3 FY23 Q2 FY24 9M FY24 9M FY23 FY23 % Change % Change Revenue from Operations 373.8 239.7 56% 231.3 868.7 645.5 35% 838.9 COGS 256.2 153.6 166.4 605.5 440.6 578.8 Gross Profit 117.5 86.1 37% 65.0 263.2 204.8 28% 260.1 G
Slide 10: Q3 & 9M FY24 Profit & Loss – Consol. (Pre Ind As 116)
Q3 & 9M FY24 Profit & Loss – Consol. (Pre Ind As 116) Y-O-Y Y-O-Y Particulars (₹ Cr) Q3 FY24 Q3 FY23 Q2 FY24 9M FY24 9M FY23 FY23 % Change % Change Revenue from Operations 373.8 239.7 56% 231.3 868.7 645.5 35% 838.9 COGS 256.2 153.6 166.4 605.5 440.6 578.8 Gross Profit 117.5 86.1 37% 65.0 263.2 204.
Slide 11: Q3 & 9M FY24 Profit & Loss - Standalone
Q3 & 9M FY24 Profit & Loss - Standalone Y-O-Y Y-O-Y Particulars (₹ Cr) Q3 FY24 Q3 FY23 Q2 FY24 9M FY24 9M FY23 FY23 % Change % Change Revenue from Operations 373.8 239.7 56% 231.3 868.7 645.5 35% 838.9 COGS 262.6 158.0 171.9 624.5 453.1 595.5 Gross Profit 111.2 81.7 36% 59.4 244.2 192.3 27% 243.4 GP
Slide 12: Q3 & 9M FY24 Profit & Loss – Standalone (Pre Ind As 116)
Q3 & 9M FY24 Profit & Loss – Standalone (Pre Ind As 116) Y-O-Y Y-O-Y Particulars (₹ Cr) Q3 FY24 Q3 FY23 Q2 FY24 9M FY24 9M FY23 FY23 % Change % Change Revenue from Operations 373.8 239.7 56% 231.3 868.7 645.5 35% 838.9 COGS 262.6 158.0 171.9 624.5 453.1 595.5 Gross Profit 111.2 81.7 36% 59.4 244.2 1
Slide 13: Promotion Campaigns
Promotion Campaigns 12 12
Slide 14: Promotion Campaigns
Values Vartowy 108 STORES | 89 CITIES Value & Z iva) Vous Variety r + Variety. F. ia zal astm (FIRST 75,000 | _-KA OFFER PAAE SIRF 75999 KI KHARID PAR Isse Bada Offer NEW CLOTHES, NEW PASSION KA OFFER PAYE ‘SIRF 25999 KI KHARID PAR
Slide 15: Stores Opening
Stores Opening ¥Value& Value & . Variety Variet OLD BUS STAND NEAR BHARAT PETROL, PUMP, KHORDHA , ODISHA www.v2retail.com 14
Slide 16: Stores Opening
ral Stores Opening Vale $ Vario ~~ ee nl ee | Value & . Variety = Gyles SHERE PUNJAB CHOWK, JHARKHAND ENE KREIRERCORNA CAMPUS CINEMA ROAD, HAJIPUR DIST. VAISHALI www.v2retail.com 15
Slide 17: Corporate Overview
We ¢ _C Corporate Overview
Slide 18: Company Overview
Company Overview V2 Retail Limited, incorporated Its motto is “Value & Variety" can in the year 2001 with an objective of providing be truly identified from the range merchandise to masses at and the value of product affordable price. portfolio it maintain across all stores. V2 Retail caters to the
Slide 19: Business Verticals and Shopping Trigger
Business Verticals • Men’s Wear – Upper, Lower, Occasion Wear, Winter Wear, Sportswear, Formal, Casual, • Ladies Wear – Ethnic wear, Upper, Lower, Occasion Wear, Winter Wear, Sportswear • Kids Wear – Boy, Girls, Infants, Winter Wear • Lifestyle - Lifestyle products like Deodorants, wallets, sunglass
Slide 20: Product Design to Manufacture to Retail
Product Design to Manufacture to Retail A B C D E F G Product Design Manufacturing Job Work Supply Chain Warehouse & Retail Stores Customer Management Logistic Satisfaction • In House Product • State of art • Dedicated Job • Mix of own • Centralised • 107 Stores in • Ensuring a development manufactu
Slide 21: In-House Manufacturing Facility
In-House Manufacturing Facility 20 20
Slide 22: In-House Manufacturing Facility
In-House Manufacturing Facility V2 Smart Manufacturing Private Limited 21 21
Slide 23: Store Presence
Store Presence Jammu & Kashmir (1) Uttarakhand (4) Arunachal (1) & Meghalaya (1) Kathua Haldwani; Roorkee; Khatima; Dehradun Itanagar ; Shilong Himachal (1) West Bengal (2) Solan Assam (6) & Tripura (1) Malda; Rajarhat Guwahati 1; Guwahati 3; NCR (6) Silchar; Barpeta; Jorhat; Mahipalpur; Kapasehra 1
Slide 24: Stores Ambience
ee aaa ee es Stores Ambience
Slide 25: Stores Ambience
Stores Ambience 24 24
Slide 26: Board of Directors
Board of Directors Mr. Ram Chandra Agarwal, Ms. Uma Agarwal, Mr. Akash Agarwal, Chairman & Managing Director Whole Time Director Whole Time Director • Mr. Agarwal holds a bachelor’s degree in • Mrs. Agarwal holds a bachelor’s degree in • Mr. Akash Agarwal holds an International Commerce. Arts. MBA f
Slide 27: Independent Directors
Independent Directors Dr. Arun Kumar Roopanwal Mrs. Archana S Yadav Mr. Srinivas Anand Mannava Independent Director Independent Director Independent Director • He has over 35 Years of • A Chartered Accountant in • Post-Graduate Program in extensive experience in practice with more than 14 years Busi
Slide 28: Historical Financial & Operational Indicators
Historical Financial & Operational Indicators
Slide 29: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (₹ in Cr) FY2020 FY2021 FY2022 FY2023 Revenue from Operations 701.2 538.6 629.2 838.9 Growth (%) -23.2% 16.8% 33.3% Gross Profit 196.0 162.8 201.6 260.1 GP Margin (%) 27.9% 30.2% 32.0% 31.0% EBIDTA 74.9 48.5 64.7 84.0 EBIDTA Margin (%) 10.7% 12.4% 10.3% 10.0% O
Slide 30: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ in Cr) H1FY24 FY2023 FY2022 Particulars (₹ in Cr) H1FY24 FY2023 FY2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 101.5 98.6 102.9 Equity share capital 34.6 34.4 34.4 Capital Work in Progress 6.5 0.1 - Other equity
Slide 31: Standalone Profit & Loss
Standalone Profit & Loss Particulars (₹ in Cr) FY2019 FY2020 FY2021 FY2022 FY2023 Revenue from Operations 748.4 701.2 538.6 629.2 838.9 Growth (%) 33.8% -6.3% -23.2% 16.8% 33.3% Gross Profit 242.1 196.0 158.3 188.6 243.4 GP Margin (%) 32.3% 27.9% 29.4% 30.0% 29.0% EBIDTA 46.9 76.0 48.8 60.7 78.8 EBI
Slide 32: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ in Cr) H1FY24 FY2023 FY 2022 Particulars (₹ in Cr) H1FY24 FY2023 FY 2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 88.5 85.7 91.6 Equity share capital 34.6 34.4 34.4 Capital Work in Progress 0.1 0.1 - Other equity 21
Slide 33: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (₹ in Cr) H1FY24 H1FY23 FY2023 H1FY24 H1FY23 FY2023 PBT (1.9) (20.3) (18.8) (0.1) (19.1) (17.0) Adjustments 61.1 54.3 108.1 63.4 55.8 111.7 Operating profit before working capital changes 59.2 34.0 89.3 63.3 36.7 94.7 Changes in working capital
Slide 34: Robust Standalone Financial Performance
Robust Standalone Financial Performance Revenue (₹ Cr) EBIDTA (₹ Cr) & EBIDTA Margin PBT (₹ Cr) PAT (₹ Cr) 33 33
Slide 35: Key Operating Matrix - Standalone
Key Operating Matrix - Standalone Revenue No. of Stores (₹Space & Retail Million) (lakh sq.ft.) Inventory Holding Days Sales Per Sq. Ft. (₹ Per Month) Rent Per Sq. Ft. (₹ Per Month) 34 34 34
Slide 36: 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 37: Thank You
V2 Value& ay MEN’S WEAR | WOMEN’S WEAR | KIDS WEAR Thank You Investor Relation Advisor Company Dr. Rahul Porwal / Mr. Amit Porwal Mr. Sudhir Kumar Marathon Capital Advisory Private Limited Company Secretary & Compliance Officer Tel : +91-22-40030610 / 9967576900 / 9819773905 V2 Retail Limited Email