V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q4 FY2022 Earnings Presentation
25 slides from V-mart Retail's earnings presentation, May 25, 2022
Slide 1: Cover letter to stock exchanges
V MART Ref. No. CS/S/L-567/2022-23 PRICE "LESS" FASHION 25th May, 2022 To: To: The Listing Department The Corporate Relationship Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED THE BSELTD "Exchange Plaza" Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (E),
Slide 2: V-Mart Retail Ltd. Financial Results & Analysis Q4 FY'22
www.vmartretail.com V-Mart Retail Ltd. Financial Results & Analysis Q4 FY’22
Slide 3: Disclaimer
This 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 should not be deemed to
Slide 4: Q4'22 Key Performance Highlights
Q4’22 Key Performance Highlights Financial Parameters Operational Parameters 3
Slide 5: Key Highlights: Q4 FY'22 vs. Q4 FY'21 Results
Key Highlights: Q4 FY’22 vs. Q4 FY’21 Results 30% (26) Revenue Growth Net Profit / (loss) Vs Q4’21 Rs. Millions 84% 16% 91% 9% Revenue Contribution Revenue Contribution V-Mart Unlimited Fashion Kirana 307 73 380 No. of Stores Number of Stores V-Mart Unlimited Opened : 14 Closed : 8 4
Slide 6: Financial Parameters
Financial Parameters Revenue (Rs. Millions) Sales Mix (%) 80.1% 78.0% +30% 4,588 3,519 10.8% 12.6% 9.1% 9.4% 16% from UL Apparels Non Apparels Kirana Q4'22 Q4'21 EBITDA (Rs. Millions) PAT (Rs. Millions) 503 +50% 336 Q4'22 Q4'21 Q4'22 Q4'21 (15) (26) 5
Slide 7: Operational Parameters
Operational Parameters Footfall (Lacs) Conversion Rate (%) 80 +10% 63% 61% 72 Q4'22 Q4'21 Q4'22 Q4'21 Transaction size (Rs.) Average Selling Price (Rs.) 411 +26% 981 +15% 327 851 244 +21% 202 VM : 898 VM : 220 VM : 384 UL : 1776 UL : 523 UL : 568 Q4'22 Q4'21 Q4'22 Q4'21 Total Apparel 6
Slide 8: FY'22 Key Performance Highlights
FY’22 Key Performance Highlights Financial Parameters Operational Parameters
Slide 9: Key Highlights: FY'22 vs. FY'21 Results
Key Highlights: FY’22 vs. FY’21 Results 55% 116 Revenue Growth Net Profit / (loss) Vs FY’21 Rs. Millions 87% 13% 92% 8% Revenue Contribution Revenue Contribution V-Mart Unlimited* Fashion Kirana *7 months 307 73 380 No. of Stores Number of Stores V-Mart Unlimited Opened : 113 Closed : 12 8
Slide 10: Financial Parameters
Financial Parameters c Revenue (Rs. Millions) Sales Mix (%) 80.5% 78.8% 16,662 +55% 10,755 11.0% 13.0% 8.4% 8.2% FY'22 FY'21 Apparels Non Apparels Kirana EBITDA (Rs. Millions) PAT (Rs. Millions) 2,043 +56% 1,312 116 FY'22 FY'21 FY'22 FY'21 (62) PY LY 9
Slide 11: Operational Parameters
Operational Parameters Footfall (Lacs) Conversion Rate (%) 63% 62% 289 +41% 205 FY'22 FY'21 FY'22 FY'21 Transaction size (Rs.) Average Selling Price (Rs) 397 +16% 974 +9% 344 895 242 +10% 220 VM : 903 VM : 223 VM : 374 UL : 2020 UL : 547 UL : 598 FY'22 FY'21 FY'22 FY'21 Total Apparel 10
Slide 12: Operational Parameters
Operational Parameters Sales per sq feet (per month)* Store Count (Nos) 559 +5% 166 142 530 104 65 54 56 37 35 Tier 1 Tier 2 Tier 3 Tier 4 Tier 1 Tier 2 Tier 3 Tier 4 FY'22 FY'21 FY'22 FY'21 *basis operational days, not comparable due to Covid impact Tier 1 Tier 2 Tier 3 Tier 4 Same Store Sales Grow
Slide 13: Operational Parameters
Operational Parameters Expenses (% of Revenue) Retail Space (Lacs Sq feet) 10.8% 10.9% 33 5.5% 23 3.5% 3.3% 4.0% 2.5% 1.7% Manpower Power Advertisement Others FY'22 YTD'21 FY'22 FY'21 Inventory (Days of Sales) Shrinkage (% of Sales) 121 127 119 126 2.0% 114 107 1.3% 1.3% 73 64 FY'22 FY'21 Q4'22 Q4'2
Slide 14: Ind-AS 116: P&L Impact (FY'22)
Ind-AS 116 : P&L Impact (FY’22) INR Millions Pre Ind-AS 116 Post Ind-AS 116 Net Impact on PBT Particulars (impact on PBT) – FY’22 (A) (B) C = (B-A) Rent 1,341 90 (1,251) Finance cost 5 772 767 Depreciation & Amortization 438 1,307 869 PBT Decreased By 384 “Changes due to Ind-AS 116 (increase) / decr
Slide 15: Financial Review – Profit & Loss Statement
Financial Review – Profit & Loss Statement INR millions (except per share data) For the period ended Particulars 31.03.2022 31.03.2021 (Audited) (Audited) I. Revenue from operations 16,662 10,755 II. Other income 140 210 III. Total Income (I + II) 16,801 10,965 IV Total expenses (IV) 16,697 11,062 V
Slide 16: Financial Review - Balance Sheet
Financial Review - Balance Sheet c INR Millions As At As At As At As At March 31, 2022 March 31, 2021 March 31, 2022 March 31, 2021 EQUITY AND LIABILITIES ASSETS Equity Property, plant and equipment 2,795 1,758 Equity share capital 197 197 Capital work in progress 64 22 Other equity 8,299 8,055 Inta
Slide 17: Financial Review - CFS
Financial Review - CFS INR Millions For the period Cash Flow Statement for the period March 31, 2022 March 31, 2021 Cash flows from operating activities Profit before Income Tax 104 (97) Adjustments for : Operating profit before working capital changes 1,991 1,346 Changes in working capital : (1,985
Slide 18: FY'22 Store Geographical Spread, Recent Campaigns
FY’22 Store Geographical Spread Recent Campaigns Our Journey to “Omnipresence” Other Significant Updates
Slide 19: Total Stores as on March 31, 2022
Total Stores as on March 31, 2022 States No of Stores Uttar Pradesh 122 380 Stores Bihar 55 Jharkhand 24 279 Stores 25 States Tamil Nadu 22 19 States Karnataka 20 Rajasthan 17 West Bengal 17 Madhya Pradesh 14 Telangana 14 Uttarakhand 10 Andhra Pradesh 9 Assam 8 Jammu and Kashmir 8 Odisha 8 Gujarat 7
Slide 20: New Stores Addition (Q4'FY22)
New Stores Addition (Q4’FY22) ` State No. of stores Uttar Pradesh 4 Delhi 2 Bihar 2 Jharkhand 2 Haryana 1 Uttrakhand 1 Madhya Pradesh 1 West Bengal 1 Total 14 19
Slide 21: Celebrating Festivals with Fashion & Happiness – Key Campaigns
Celebrating Festivals with Fashion & Happiness – Key Campaigns Holi Celebrations Q4’ FY 22 Eid Celebrations Q1’ FY23 (Click to View) (Click to View) 20
Slide 22: Our Journey to "Omnipresence" – Digital Business
Our Journey to “Omnipresence” – Digital Business V-Mart App V-Mart on Marketplace www.vmartretail.com Myntra Amazon 21
Slide 23: Other Significant Updates
Other Significant Updates 2022 2022 Recognized as Recognised as Masters of Risk- Retail & Consumer Sector India's Best Workplaces in Retail in Mid Cap category, at 8th edition of 2022 CNBC - India Risk Management Awards 2022 22
Slide 24: Nurturing Growth with Sustainability
Nurturing Growth with Sustainability Launched Eco-friendly Products Recycled Fabrics • Environment friendly • Yarn made from recycled fabric and fiber waste • 95% of less water usage • 30% of less CO2 emissions • 30% of less energy consumption Green Denims • Usage of 50% renewable Energy • 100% util
Slide 25: Thank you!
www.vmartretail.com Thank you! In case of any queries, please contact the IR Team: ir_vmart@vmartretail.com