V.i.p.industries Ltd. · NSE:VIPIND
V.i.p.industries — Q1 FY2023 Earnings Presentation
22 slides from V.i.p.industries's earnings presentation, Jul 27, 2022
Slide 1: Exchange filing cover letter
27th July, 2022 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal St, Kala Ghoda, Fort, Plot No. C/1, G Block, Mumbai – 400001 Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. Code No. 507880 and 959982 Code – VIPIND Subject: Presenta
Slide 2: Investor Presentation Q1 FY 2022-23
INVESTOR PRESENTATION Q1 FY 2022-23
Slide 3: Disclaimer
Disclaimer Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company’s operations include change
Slide 4: VIP Industries: Our Journey
VIP Industries : Our Journey Building beyond a rich heritage & strong legacy !
Slide 5: VIP Industries: Facts & Figures
VIP Industries : Facts & Figures 9 Own Established in Manufacturing Facilities in India & 1968 Bangladesh #1 In the Servicing customers organized through 10,500 luggage Point of Sales space across 800 towns Present in multiple luggage Over 8000 categories across employees price points
Slide 6: Our Board & Management
Our Board & Management Mr. Dilip G. Piramal Ms. Radhika Piramal Mr. Anindya Dutta Ms. Nisaba Godrej Chairman Executive Vice Chairperson Managing Director Director Mr. Amit Jatia Mr. Tushar Jani Mr. Ramesh Damani Ms. Neetu Kashiramka Director Director Director Chief Financial Officer
Slide 7: Renowned Brands Present Across Categories & Price Points
Renowned Brands Present Across Categories & Price Points
Slide 8: Present Across All Major Luggage Categories
Present Across All Major Luggage Categories
Slide 9: We Have A Strong Pan India Distribution
We Have A Strong Pan India Distribution RETAIL TRADE VIP Geographical Coverage Metro (50L+) 5 MODERN TRADE Mini Metro (20L to 50L) 8 GENERAL TRADE 20 branches Urban (T2) (5L to 20L) 81 4 regions ECOM Urban (T3) (1L to 5L) 368 CSD CPC Semi Urban (50K to 1L) 362 INSTITUITIONAL Total Towns 824 Branch l
Slide 10: Upstream Transformation
Upstream Transformation Revenue Split by Source Pre-pandemic Post-pandemic Q1 FY20 Q1 FY23 Own 3P Sourcing, Manufacturing , 3P Sourcing, 25% 35% 25% Own China, 11% Manufacturing , 64% China, 40%
Slide 11: Q1 FY23 Performance
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Slide 12: Q1 FY23 Business Context
Q1 FY23 Business Context Travel industry trends encouraging, but not back to pre-covid levels
Slide 13: Q1 FY23 Business Context: Headwinds
Q1 FY23 Business Context Battling different headwinds as the pandemic disruption eases out Inflation • Higher input material prices • Overall Inflation a Demand Dampener – was visible in tertiary sales as the quarter progressed. • Airfares in May & June increased up to 50% due to rising jet fuel pri
Slide 14: New Launches During The Quarter
New Launches During The Quarter Q1 FY23 Had 38 New Launches In Luggage And 127 In Backpacks New Launches Explored Themes Across Brands Targeting Train Travelers (2 W SL, Duffle wheels, Built - in cable lock for train travel) New Categories launched - Biking, Anti- Viral, Daypacks & Anti - Theft Stai
Slide 15: High Decibel Campaigns During The Quarter
High Decibel Campaigns During The Quarter
Slide 16: Consolidated Financial Results
Consolidated Financial Results Quarter ended Particulars Jun-22 Mar-22 Jun-21 Revenue from Operations 591 356 206 Other Income 7 6 14 Total Revenue 598 362 221 COGS 296 166 101 Gross Contribution 302 195 119 GC Margin (without Other Income) 50% 53% 51% Employee Benefits expenses 60 56 39 Other Expen
Slide 17: Revenue Performance: Categories & Brands
Revenue Performance : Categories & Brands Brand Salience Q1 FY20 Q4 FY22 Q1 FY23 Category Salience Q1 FY20 Q4 FY22 Q1 FY23 VIP 26% 21% 23% UPRIGHTS 64% 76% 71% SKYBAGS 40% 33% 30% HARD LUGGAGE – UPRIGHT 42% 62% 64% CARLTON 3% 4% 4% SOFT LUGGAGE - UPRIGHT 58% 38% 36% Premium & Mass Premium 69% 58% 57
Slide 18: Financial Highlights
Financial Highlights • Q1 revenue growth at 66% over Q4 FY22 Mar quarter. Hard Luggage constitutes 46% of total revenue for this quarter. • Q1 GM after netting of other income is 50% as compared to 53% in Q4 FY23 mainly on account of higher RM rate. GP Q4 Mar-22 53.3% Impact for higher RM rates -4.9
Slide 19: Key Financial Metrics
Key Financial Metrics Revenue Gross Margin 598 54.0% 54.1% 50.5% 362 221 Jun-22 Mar-22 Jun-21 Jun-22 Mar-22 Jun-21 EBITDA PBT 18% 100 11% 12% 16 2 Jun-22 Mar-22 Jun-21 Jun-22 Mar-22 Jun-21
Slide 20: Other Expenses
Other Expenses For the Quarter ended Particulars Jun-22 Mar-22 Jun-21 Job Work Charges 7.5 7.4 3.1 Consumption of stores and spare parts 2.1 2.4 1.0 Electricity, Power & Fuel Expenses 4.8 4.7 3.2 Rent 2.2 1.3 0.5 Repairs 3.3 3.8 2.5 Insurance 2.1 1.9 1.1 Rates and taxes 0.9 0.4 0.5 Travelling expens
Slide 21: Business Environment For Q2 FY23
Business Environment For Q2 FY23 Pandemic Impact on Higher input prices Slow Pace of Store demand drivers Re-opening neutralized Overall inflation - Demand Volatility Risk diminishing Dampener
Slide 22: Thank you
Thank you