V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q2 FY2024 Earnings Presentation
39 slides from V2 Retail's earnings presentation, Nov 9, 2023
Slide 1: V2 Retail Limited
V2 Retail Limited November 09, 2023 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 (East), M umbai -- 400001 Mu mbai -- 40
Slide 2: V2 Retail Limited Q2 & H1FY24 Investor Presentation
V2 Retail Limited Q2 & H1FY24 Investor Presentation
Slide 3: Q2 & H1 FY24 Performance Highlights
Q2 & H1 FY24 Performance Highlights
Slide 4: Q2 & H1 FY24 Performance Highlights (Consolidated)
Q2 & H1 FY24 Performance Highlights (Consolidated) 01 02 03 04 Revenue Gross Profit EBIDTA PAT Q2FY24 Q2FY24 ₹ 231.3 crore +19% ₹ 65.0 crore +19% ₹ 19.9 crore +98% ₹ (5.7) crore +51% 28.1% 8.6% (2.4%) H1FY24 ₹ 494.9 crore +22% +23% +75% ₹ 0.5 crore +104% ₹ 145.7 crore ₹ 55.5 crore 29.4% 11.2% 0.1% 3
Slide 5: Key Highlights Q2 FY24
Key Highlights Q2 FY24 Same Stores Average Bill Sales Growth Value 05 01 Same Stores Sales 03 ABV was ₹ 711 in Growth 16% in Q2 FY24 Q2 FY24 (Q2 FY23 ₹ 749) Stores Count & Average Sales Per Retail Area Selling Price Square Feet 103 Stores at the end of Q2 FY24 02 ASP was ₹ 234 in 04 PSF was ₹ 695 in
Slide 6: Key Highlights H1 FY24
Key Highlights H1 FY24 Same Stores Average Bill Sales Growth Value 05 01 Same Stores Sales 03 ABV was ₹ 759 in Growth 18% in H1 FY24 H1 FY24 (H1 FY23 ₹ 779) Stores Count & Average Sales Per Retail Area Selling Price Square Feet 103 Stores at the end of H1 FY24 02 ASP was ₹ 246 in 04 PSF was in ₹ 746
Slide 7: Q2 & H1FY24 Financial Highlights (Consolidated)
Q2 & H1FY24 Financial Highlights (Consolidated) Revenue (₹ Cr) Gross Profit (₹ Cr) EBIDTA (₹ Cr) PAT (₹ Cr) 6 6
Slide 8: Q2 & H1FY24 Financial Highlights (Standalone)
Q2 & H1FY24 Financial Highlights (Standalone) Revenue (₹ Cr) Gross Profit (₹ Cr) EBIDTA (₹ Cr) PAT (₹ Cr) 7 7
Slide 9: Q2 & H1 FY24 Profit & Loss - Consolidated
Q2 & H1 FY24 Profit & Loss - Consolidated Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY24 Q2 FY23 Q1 FY24 H1 FY24 H1 FY23 FY23 % Change % Change Revenue from Operations 231.3 194.5 19% 263.6 494.9 405.8 22% 838.9 COGS 166.4 139.7 182.9 349.2 287.0 578.8 Gross Profit 65.0 54.8 19% 80.7 145.7 118.8 23% 260.1 G
Slide 10: Q2 & H1 FY24 Profit & Loss – Consol. (Pre Ind As 116)
Q2 & H1 FY24 Profit & Loss – Consol. (Pre Ind As 116) Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY24 Q2 FY23 Q1 FY24 H1 FY24 H1 FY23 FY23 % Change % Change Revenue from Operations 231.3 194.5 19% 263.6 494.9 405.8 22% 838.9 COGS 166.4 139.7 182.9 349.2 287.0 578.8 Gross Profit 65.0 54.8 19% 80.7 145.7 118.8
Slide 11: Balance Sheet - Consolidated
Balance Sheet - Consolidated Particulars (₹ in Cr) H1FY24 FY2023 Particulars (₹ in Cr) H1FY24 FY2023 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 101.5 98.6 Equity share capital 34.6 34.4 Capital Work in Progress 6.5 0.1 Other equity 213.0 212.5 Right to use
Slide 12: Q2 & H1 FY24 Profit & Loss - Standalone
Q2 & H1 FY24 Profit & Loss - Standalone Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY24 Q2 FY23 Q1 FY24 H1 FY24 H1 FY23 FY23 % Change % Change Revenue from Operations 231.3 194.5 19% 263.6 494.9 405.8 22% 838.9 COGS 171.9 145.3 189.9 361.9 295.1 595.5 Gross Profit 59.4 49.2 21% 73.7 133.1 110.7 20% 243.4 GP
Slide 13: Q2 & H1 FY24 Profit & Loss – Standalone (Pre Ind As 116)
Q2 & H1 FY24 Profit & Loss – Standalone (Pre Ind As 116) Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY24 Q2 FY23 Q1 FY24 H1 FY24 H1 FY23 FY23 % Change % Change Revenue from Operations 231.3 194.5 19% 263.6 494.9 405.8 22% 838.9 COGS 171.9 145.3 189.9 361.9 295.1 595.5 Gross Profit 59.4 49.2 21% 73.7 133.1 11
Slide 14: Balance Sheet - Standalone
Balance Sheet - Standalone Particulars (₹ in Cr) H1FY24 FY2023 Particulars (₹ in Cr) H1FY24 FY2023 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 88.5 85.7 Equity share capital 34.6 34.4 Capital Work in Progress 0.1 0.1 Other equity 211.9 212.8 Right to use Ass
Slide 15: 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 16: Promotion Campaigns
Value & Variety END OF SEASON DOUBLE BED SHEET \_WITH 2 PILLOW COVERS ON LARGE Y, DOUBLE BED SHEET WITH 2 PILLOW COVERS. ON PURCHASE OF *2999 ~—
Slide 17: Promotion Campaigns
SS Promotion Campaigns Value& Variety i E DouLE sep SHEET WITH? PILLOW COVERS ON PURCHASE OF £2999 OR ABOVE ON PURCHASE OF 74999 OR ABOVE se Saree ar Sofft Pert wee +» — A eS i f Ss) E.B 4% pe y Z AR _-SOr;IWPARGIULSWEAR —QEMIEWEAR eric WEAR DOUBLE BED SHEET with 2 PILLOW COVERS. ‘ON PURCHASE OF £29
Slide 18: Stores Opening
Stores Opening 5000+ ve Value = we) \pertite ay 4 Y IN PAHARIYA Ie (VARANASI) ( ) www.v2retail.com 17
Slide 19: Corporate Overview
Corporate Overview
Slide 20: 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. The Company went Public
Slide 21: 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 22: 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 • 103 Stores in • Ensuring a development manufactu
Slide 23: In-House Manufacturing Facility
In-House Manufacturing Facility 22 22
Slide 24: In-House Manufacturing Facility
In-House Manufacturing Facility V2 Smart Manufacturing Private Limited 23 23
Slide 25: 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; Faridabad;
Slide 26: Stores Ambience
————————_ Stores Ambience
Slide 27: Stores Ambience
Stores Ambience 26 26
Slide 28: 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 29: 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 30: Historical Financial & Operational Indicators
Historical Financial & Operational Indicators
Slide 31: 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 32: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ in Cr) FY2023 FY2022 Particulars (₹ in Cr) FY2023 FY2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 98.6 102.9 Equity share capital 34.4 34.4 Capital Work in Progress 0.1 - Other equity 212.5 223.8 Right to use Asse
Slide 33: 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 34: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ in Cr) FY2023 FY 2022 Particulars (₹ in Cr) FY2023 FY 2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 85.7 91.6 Equity share capital 34.4 34.4 Capital Work in Progress 0.1 - Other equity 212.8 225.8 Right to use Asset
Slide 35: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (₹ in Cr) FY2023 FY2022 FY2023 FY2022 PBT (18.8) (16.4) (17.0) (14.9) Adjustments 108.1 87.1 111.7 89.7 Operating profit before working capital changes 89.3 70.8 94.7 74.9 Changes in working capital (10.4) (10.4) (9.4) (17.1) Cash generated fro
Slide 36: Robust Standalone Financial Performance
Robust Standalone Financial Performance Revenue (₹ Cr) EBIDTA (₹ Cr) & EBIDTA Margin PBT (₹ Cr) PAT (₹ Cr) 35 35
Slide 37: 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) 36 36 36
Slide 38: 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 39: Men's Wear Women's Wear Kids Wear Lifestyle
\ Ay MEN’S WEAR WOMEN’S WEAR KIDS WEAR LIFESTYLE