V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q1 FY2023 Earnings Presentation
31 slides from V2 Retail's earnings presentation, Aug 10, 2022
Slide 1: V2 Retail Limited
V2 Retail Limited August 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 (Eastl, Mumbai - 400 001 Mumbai - 400 051
Slide 2: Q1 FY23 Result Update
V2 Retail Limited Q1 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: Q1 FY23 Highlights
Q1 FY 23 Highlights Wa > Value + Variety
Slide 5: Performance Highlights – Q1 FY23 - Consolidated
Performance Highlights – Q1 FY23 - Consolidated EBIDTA ₹ 225 Mn in Q1 FY23 as c ompared to ₹ 99 Mn in Q1 FY22. Gross Profit PBT ₹ 640 Mn in Q1 FY23 as ₹ (37) Mn in Q1 FY23 as c ompared to ₹268 Mn in compared to ₹ (144) Q1 FY22. 03 Mn in Q1 FY22. 02 04 01 05 Revenue ₹ PAT ₹ 2,113 Mn in Q1 FY23 ₹ (28)
Slide 6: Highlights – Q1 FY23
Highlights – Q1 FY23 Store Count & Retail Area 01 102 Stores at end of Q1 FY23 (Opened 2, Closed 1) Total Retail area ~10.77 lakh sq.ft. SSG 02 Same Store Sales Growth 180%in Q1 FY23 ASP 03 Average Selling pric e in Q1 FY23 was ₹ 286 ABV 04 Average Bill value in Q1 FY23 was ₹ 809 PSF 05 Sales per sq
Slide 7: Consolidated Financial Highlights
Consolidated Financial Highlights Revenue (₹ Million) Gross Profit (₹ Million) & Gross Profit Margins EBIDTA (₹ Million) and EBIDTA Margins Profit After Tax (₹ Million) 6
Slide 8: Standalone Financial Highlights
Standalone Financial Highlights Revenue (₹ Million) Gross Profit (₹ Million) & Gross Profit Margins EBIDTA (₹ Million) and EBIDTA Margins Profit After Tax (₹ Million) 7
Slide 9: Profit & Loss - Consolidated
Profit & Loss - Consolidated Particulars (₹ million) Q1 FY23 Q1 FY22 Y-O-Y Q4 FY22 FY2022 FY2021 Y-O-Y Revenue from Operations 2,113 825 156% 1,583 6,292 5,386 17% Other Income 10 91 37 159 230 Total Income 2,123 917 131% 1,619 6,451 5,616 15% Gross Profit 640 268 138% 436 2,016 1,628 24% GP Margin
Slide 10: Profit & Loss - Standalone
Profit & Loss - Standalone Particulars (₹ million) Q1 FY23 Q1 FY22 Y-O-Y Q4 FY22 FY2022 FY2021 Y-O-Y Revenue from Operations 2,113 825 156% 1,583 6,292 5,386 17% Other Income 9 91 34 156 222 Total Income 2,122 916 132% 1,617 6,448 5,608 15% Gross Profit 614 261 135% 401 1,886 1,583 19% GP Margin (%)
Slide 11: Pre Ind AS 116 Profit & Loss (Consolidated)
Pre Ind AS 116 Profit & Loss (Consolidated) Particulars (₹ million) Q1 Q1 Y-O-Y Q4 FY22 FY2022 FY2021 Y-O-Y FY23 FY22 Revenue from Operations 2,113 825 156% 1,583 6,292 5,386 17% Other Income 1 1 7 16 19 Total Income 2,114 826 1,589 6,308 5,405 Cost of M aterial Consumed 1,478 559 1,151 4,288 3,803
Slide 12: Pre Ind AS 116 Profit & Loss (Standalone)
Pre Ind AS 116 Profit & Loss (Standalone) Particulars (₹ million) Q1 FY23 Q1 FY22 Y-O-Y Q4 FY22 FY2022 FY2021 Y-O-Y Revenue from Operations 2,113 825 156% 1,583 6,292 5,386 17% Other Income 1 1 5 14 19 Total Income 2,114 826 1,587 6,306 5,405 Cost of M aterial Consumed 1,498 564 1,181 4,407 3,803 Gr
Slide 13: 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 (6) & Tripura (1) Guwahati 1;Guwahati 2; West Bengal (1) NCR (3) Guwahati 3; Silc har; Barpeta; Malda Mahipalpur;Faridabad; J
Slide 14: Our Brands
Our Brands H . HERRLICH
Slide 15: Promotion Campaigns
Promotion Campaigns » a. EE WEY Value& = Variety ‘A COMPLETE FAMILY FASHION STORE 14889 pee meee ee eee Police Bazar Shillong (ML) Near UP Sweet Mea ors ee CS Yoo i a ag | (AP) Syg9—— | (gE 9—| B59-95— Vale Vaviky
Slide 16: Promotion Campaigns
Promotion Campaigns » Value& 100|87 ex Value & 100\87 FA Variety opis Variety LETS CELEBRATE WITH V2 iw A COMPLETE FAMILY FASHION STORE URW eerrererres Festive E thee edeeeeee | DUFFLE BAG DUFFLE BAG TROLLEY BAG DUFFLE BAG | DUFFLE BAG | TROLLEY BAG ie 249 ‘én 699 fe ‘ona purchase of £2500 | onapurc
Slide 17: Promotion Campaigns
Promotion Campaigns al »-= —= Value & Value& A Variety Variety Value + Variety 100 STORES | 87 CITIES | S000-+ STYLES Mes fe kort com
Slide 18: Promotion Campaigns
Promotion Campaigns al x | , 7 ; yates tonle7 Valet Variety} "A COMPLITE FAMILY FASHION STORE ” V2 AAIYYE AUR DUNIYA PE CHHA JAIYYE Bo a ~ MEN'S WEAR | WOMEN'S WEAR | KIDS WEAR| LIFESTYLE == i E's went y) womens wear | Boos wom | 4G uresre CPis=. (QP) tae é oo worn v2xart.com | tanta 19 8 @ | Owppor
Slide 19: Promotion Campaigns
Promotion Campaigns al Vale # Variety) vu } OWN LABEL ‘ oN WOMEN’S TOPS & T-SHIRTS SHOP NOW
Slide 20: Management
Management Wa Value Variety » Ee
Slide 21: Board of Directors
Board of Directors Mr. Ram Chandra Agarwal, Ms. Uma Agarwal, Mr. Akash Agarwal, Ms. Rochelle Susanna Dsouza, Chairman &Managing Director Whole Time Director Whole Time Director &CFO Nominee Director • Mr. Agarwal holds a bachelor’s • Mrs. Agarwal holds a bachelor’s • Mr. Akash Agarwal holds a • Ms.
Slide 22: 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 Ac c ountant in from C
Slide 23: Key Financial Indicators - Historical
Key Financial Indicators - Historical
Slide 24: 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 25: 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 a n d eq u ip m en t 916 971 Equity share c a p it a l 344 341 C a p it a l Work in Progress - - Other equity 2,258 2,378 Right
Slide 26: 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 27: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ in Mn) FY2022 FY2021 Particulars (₹ in Mn) FY2022 FY2021 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, pl ant and equipment 1,029 1,049 Equity share capital 344 341 Capital Work in Progress - - Other equity 2,238 2,346 Right to use Assets
Slide 28: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (₹ in Mn) FY22 FY21 FY22 FY21 PBT (164) (131) (149) (153) Adjustments 871 775 897 794 Operating profit before working capital changes 708 644 749 641 Changes in working capital (84) (795) (167) (605) Cash generated from operations 624 (152) 582
Slide 29: Robust Financial Performance
Robust Financial Performance Revenue (₹ Million) EBIDTA (₹ Million) and EBIDTA Margins PBT (₹ Million) PAT (₹ Million) 28
Slide 30: 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) 29
Slide 31: 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