Shoppers Stop Limited · NSE:SHOPERSTOP

Shoppers Stop — Q1 FY23 Earnings Presentation

46 slides from Shoppers Stop's earnings presentation, Jul 26, 2022

  1. Slide 1: Outcome of Board Meeting cover letter

    SIIC)PPERS STC)P SEC/ 41/2022-23 July 26, 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Sandra (East), Mumbai 400 001. Mumbai 400 051. Stock Code : 532638 Stock Symbol: SHOPERSTOP Dear Sir/ Madam, S1,1b,

  2. Slide 2: Statement of Unaudited Standalone and Consolidated Financial Results Q1 FY23

    SHOPPERS STOP Shoppers Stop Limited Registered Office: Umang Tower', 5th Floor, Mindspace, Off Link Road, Malad (West), Mumbai 400 064. I Tel: (+91 22) 42497000; Website: www shoppersstop.com E-mail: investor@shoppersstop com CIN: L51900MH1997PLC108798 PART I STATEMENT OF UNAUDITED STANDALONE AND CO

  3. Slide 3: Notes to financial results

    PARTII: 1 T.Q_e above financial results have been prepared in accordance with Indian Accounting Standards as precribed under section 133 of the Companies Act 2013 r-ead with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. 2 The Company is primarily engaged in the busin

  4. Slide 4: Independent Auditor's Review Report (Standalone)

    12th Floor, The Ruby S R B C & CO LLP 29 Senapati Bapat Marg Dadar (West) Chartered Accountants Mumbai - 400 02B, India Tel : +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing

  5. Slide 5: Auditor's Review Report (Standalone) page 2

    SR BC & CO LLP Chartered Accountants Shoppers Stop Limited Page 2 of 2 5. Emphasis of Matter Paragraph We draw attention to Note 4 to the unaudited financial results regarding non-prov1s1on of retrospective levy of service tax for the period from June 01, 2007 to March 31, 2010 on renting of immovea

  6. Slide 6: Independent Auditor's Review Report (Consolidated)

    12th Floor, The Ruby SR BC & CO LLP 29 Senapati Bapat Marg Dadar (West) Chartered Accountants Mumbai · 400 028 , India Tel : +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listin

  7. Slide 7: Auditor's Review Report (Consolidated) page 2

    SR BC & CO LLP Chartered Accountants Shoppers Stop Limited Page 2 of 2 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accomp

  8. Slide 8: Performance Highlights Q1 FY23

    PERFORMANCE HIGHLIGHTS Q1 FY23 1 FRATINI

  9. Slide 9: Sanya Malhotra is now the Brand Ambassador for our Private Brands

    Sanya Malhotra is now The Brand Ambassador for our Private Brands 2 2

  10. Slide 10: Key Highlights, Expansion, Strategic Pillars, Company Financials

    1 KEY HIGHLIGHTS 2 EXPANSION 3 STRATEGIC PILLARS 4 COMPANY FINANCIALS 3 3 LIFE

  11. Slide 11: Market Outlook

    MARKET OUTLOOK Performance Customer • Normalcy driving demand • Customer Footfall near Pre Covid • Expect strong recovery in demand as • Personalization is unlocking new economic activity increases opportunities in-store • Buoyant wedding season, travel and (vibrant) festive celebrations would lead

  12. Slide 12: Q1 Highlights

    Q1 HIGHLIGHTS Revenue (Non GAAP) Profitability (Non GAAP) Sales Rs 1190 Crs +383% Gross Margin Rs.401 Crs +476% Private Brand Rs 171 Crs +387% EBITDA Rs 67 Crs (FY22 loss of Rs.116 Crs) Beauty Rs. 190 Crs +321% PBT Rs 32 Crs (FY22 loss of Rs 172 Cr) Balance Sheet Store Expansion Debt Free (Negative

  13. Slide 13: Operational KPIs

    OPERATIONAL KPIs Customer Visits (Mn) 450 0 ATV (Rs) 440 0 430 0 4200 41 00 40 00 390 0 380 0 3700 360 0 4344 3500 34.2 340 0 3300 3200 4024 4054 24.2 310 0 300 0 290 0 3307 16.7 280 0 9.9 2700 260 0 2500 6.0 Q1FY20 Q1FY21 Q1FY22 Q1FY23 Q1FY20 Q1FY21 Q1FY22 Q1FY23 (Offline & Online Visits) 6 6 STOP

  14. Slide 14: Financial KPIs – Non GAAP

    FINANCIAL KPIs – NON GAAP (Rs in Crs) Sales 40 0 Margin 11 01 10 01 90 1 300 80 1 701 60 1 501 1099 1190 200 367 401 40 1 301 10 0 201 10 1 61 246 10 70 1 0 Q1FY20 Q1FY21 Q1FY22 Q1FY23 Q1FY20 Q1FY21 Q1FY22 Q1FY23 EBITDA Margin% 80 49 67 -20 33.4% 33.7% -116 28.3% -133 17.3% 14 .0% -1 20 Q1FY20 Q1FY2

  15. Slide 15: Financial KPIs – GAAP

    FINANCIAL KPIs – GAAP (Rs in Crs) Sales (Net of GST) Margin 11 00 40 1 10 00 90 0 301 80 0 700 397 60 0 201 500 40 0 942 356 300 832 10 1 200 10 0 54 201 17 78 1 0 Q1FY20 Q1FY21 Q1FY22 Q1FY23 Q1FY20 Q1FY21 Q1FY22 Q1FY23 Margin% EBITDA 16 0 14 0 120 10 0 80 168 42.8% 42.2% 60 141 38.7% 40 20 2 1 32.1

  16. Slide 16: Expansion

    1 KEY HIGHLIGHTS 2 EXPANSION 3 STRATEGIC PILLARS 4 COMPANY FINANCIALS 9 9 HAUTE CURRY

  17. Slide 17: Store Footprint: 264 Stores, 3.8M sq.ft.

    STORE FOOTPRINT 264 Stores ll l l 3.8M sq.ft. Format Store count l lll l l l l l Department store 90 l l l l l Home Stop 11 l l l l l l l l l Beauty Stores 138* l l l l l l Airport Doors 25 l l l l *Includes 54 Shop in Shop l l l l l l l l l 10 10 SEAWOODS STORE

  18. Slide 18: Gwalior

    GWALIOR 11

  19. Slide 19: New Delhi-Dwarka

    t =======- - -- l'astraclt REFLEXcu;iv 12 New Delhi-DWARKA

  20. Slide 20: Kids – Mumbai International Airport

    13 KIDS – MUMBAI INTERNATIONAL AIRPORT 13

  21. Slide 21: SS Beauty – Oberoi Mall Mumbai

    SSBEAUTY – OBEROI MALL MUMBAI 14 14

  22. Slide 22: MAC – Infiniti Mall, Mumbai

    MAC – INFINITI MALL, MUMBAI 15 15

  23. Slide 23: Bhopal store renovated

    Bhopal store Renovated 16 16

  24. Slide 24: Investing for Growth

    INVESTING FOR GROWTH Dept Beauty/Others Stores Area Stores Area Store Count as on 31st Mar22 88 3.4 171 0.3 Additions in Q1FY23(Net) 2 0.1 3 Store count as on 30stJun22 90 3.5 174 0.3 Additions Planned in 9MFY23(Net) 10 0.3 11 Expected Store count by Q2FY23 100 3.8 185 0.3 Investments (Rs In Crs) Q1

  25. Slide 25: Strategic Pillars

    1 KEY HIGHLIGHTS 2 EXPANSION 3 STRATEGIC PILLARS 4 COMPANY FINANCIALS 18 18

  26. Slide 26: Strategic Pillars

    STRATEGIC PILLARS Vs FY22 8.9M +387% +321% +29% SALES FIRST CITIZEN PRIVATE BRANDS BEAUTY OMNI-CHANNEL CONTRIBUTION 79.7% 14.3% 16.0% 4.7% +29% +28% +266% 19 Vs FY20

  27. Slide 27: First Citizen

    FIRST CITIZEN 1. Sales contribution: • Offline 80% (New Member 17%) • Online 38% • Private 50% • Beauty 34% 2. Repeat purchases 63% 3. Activities in Q1 • Created compulsive reasons for customers to download App • Automated monthly replenishment campaigns for Beauty • Point incentive Based campaign e

  28. Slide 28: First Citizen Black

    FIRST CITIZEN First Citizen Black Customers (All time high) • Enrolment 14.5K new customers • Sales Contribution 9% • Members Spend is 4x of First Citizen customers Enhance enrolment package • 2 Black Tier events every month to increase engagement • Revamped onboarding communication and experience,

  29. Slide 29: Private Brands

    PRIVATE BRANDS Sales Rs.171 Crs +387% PB Contribution • Overall 14.3% • Apparels 20.6% • Kids continue to outperform • Value +154% Sales and Contribution % • Volume +187% 14.8% 14.3% 14.2% • Introduced SKD in “Kashish” besides High Fashion Premium 12.0% Occasion • Fashion forward line in Women Weste

  30. Slide 30: Beauty

    BEAUTY Sales Rs.190 Crs. +321% • Engagement driven by Makeovers, Masterclass and Skin Sales and Contribution % workshops • Specific Fragrance led promotions in Store/Malls 16.0% • 3 Beauty specific campaigns led to growth 13.4% 18.3% 16.4% • 30 New brands launched in D2C • 3 New SS Beauty Stores 190

  31. Slide 31: Omni Channel

    OMNI CHANNEL Sales Rs.56 Crs +29% App Downloads 600K in Q1 Sales and Contribution % 14.6M Cumulative 4.7% • 30% of Online sales are from cities wherein 17.5% Shoppers not present • Prepaid orders @ 65% • Integration with “Middleware” 55 • Create a Managed Marketplace Model 1.4% 43 18.3% • Drive wide

  32. Slide 32: Company Financials

    1 KEY HIGHLIGHTS 2 EXPANSION 3 STRATEGIC PILLARS 4 COMPANY FINANCIALS 25 HOMESTOP

  33. Slide 33: KPI Performance – Non GAAP

    KPI PERFORMANCE-Non GAAP Vs FY22 383% 540 bps FY22 Q1 Loss of Rs 116 Crs Sales Gross Margin EBITDA 1190 401 67 8% 30 bps 37% Vs FY20 26 FRATINI

  34. Slide 34: KPI Performance – GAAP

    KPI PERFORMANCE-GAAP Vs FY22 368% 350 bps 12495% Sales Gross Margin EBITDA 942 397 168 13% -60 bps 19% Vs FY20 27 Sales (Net of GST) INFUSE

  35. Slide 35: Financials Q1 FY23

    FINANCIALS Q1 FY23 Particulars Non GAAP GAAP Rs. in Crs. FY23 FY22 Gr% FY23 FY22 Gr% Revenue 1190 246 383% 942 201 368% Other Income 16 3 383% 6 64 -91% Total Revenue 1206 250 383% 948 265 257% Adjustment in Net Profit GAAP Adj PBT (as per Non GAAP) 32 Margin 401 70 476% 397 78 411% Lease Rent (Non-

  36. Slide 36: Balance Sheet

    BALANCE SHEET Particulars Jun’22 Jun'21 Mar’22 Net worth 649 631 625 Loan Fund 175 195 194 Total Liabilities 824 825 819 Fixed Assets + Lease Deposit 724 730 732 Investments 164 92 163 Net Cash Rs. in Crs Inventory* 1129 857 1009 Cash & Investments 183 Other Assets 503 475 494 Loan 175 Total Current

  37. Slide 37: Cash Flow

    CASH FLOW Particulars Jun'22 Jun'21 Mar’22 Cash Profit from Operations (before tax) 68 -115 -17 Changes in Working Capital -16 17 124 Cash generated from Operations 52 -98 106 Fixed Assets /Reduction in Capex Creditors -29 -12 -120 Cash generated from Operations 23 -110 -13 Redemption of Investments

  38. Slide 38: Annexures

    ANNEXURES 31

  39. Slide 39: Financials Q1 FY23

    FINANCIALS Q1 FY23 Particulars Non GAAP GAAP Rs. in Crs. FY23 FY22 Gr% FY23 FY22 Gr% Revenue 1190 246 383% 942 201 368% Other Income 16 3 383% 6 64 -91% Total Revenue 1206 250 383% 948 265 257% Margin 401 70 476% 397 78 411% Margin% 33.7% 28.3% 540 Bps 42.2% 38.7% 350 Bps Operating Exp. 350 189 85%

  40. Slide 40: Facts

    264 (1) Stores 8.9M 800+ FIRST CITIZENS BRANDS FACTS 14.3% Mix 4.7% Mix as on 30th Jun’22 PRIVATE BRANDS ECOM 3.8 M 47 SQUARE FEET CITIES AREA 34 M+ WALK-INS in Q1 (2) 16.1K TALENT POOL 1. Includes 54 Shop in Shops 33 33 2. Including Brand staff STOP

  41. Slide 41: Disclaimer

    DISCLAIMER Certain statements in this release concerning our future growth prospects are forward-looking statements within the meaning of applicable securities laws and regulations, and which involve number of risks and uncertainties, beyond the Control of the company, that could cause actual result

  42. Slide 42: Investor contact

    In case of any clarifications please contact on investor@shoppersstop.com 35

  43. Slide 43: Press Release: Sales soar 383% YoY to Rs. 1190 Cr

    Press Release for Immediate Distribution Sales soar 383% YoY to Rs. 1190 Cr, PBT of Rs. 32 Cr against a loss of Rs. 157 Cr in Q1FY22 Growth momentum accelerates Key Financial Highlights for Quarter ended 30th June 2022: 1. The momentum continued from Mar22 as the industry witnessed the first disrupt

  44. Slide 44: Press release: Financial Performance

    Financial Performance The Board of Directors of Shoppers Stop Limited (NSE: SHOPERSTOP | BSE: 532638), at its meeting today, approved the results for the quarter ended 30th June 2022. The financials are appended below, after factoring in necessary adjustments under Ind AS 116. Q1FY23 Rs. In Crs. GAA

  45. Slide 45: Press release: Beauty, omnichannel, store expansion

     Beauty sales was up by 321% YoY (+28% vs FY20). The segment contributed 16% of total sales, in Q1FY23. The quarter also witnessed the launch of 30 new brands in D2C segment. Arcelia, the private brand in the beauty segment, launched 63 SKUs of nail range, 28 SKUs of Accessories and 10 SKUs of Frag

  46. Slide 46: About Shoppers Stop Limited

    About Shoppers Stop Limited: Shoppers Stop Ltd. is the nation's leading premier retailer of fashion and beauty brands established in 1991. Spread across 90 department stores in 47 Cities, the Company also operates 11 premium home concept stores, 138 Specialty Beauty stores of M.A.C, Estée Lauder, Bo

Shoppers Stop — Q1 FY23 Earnings Presentation on 6ix