Aditya Birla Fashion And Retail Ltd · NSE:ABFRL
Aditya Birla Fashion And Retail — Q1 FY24 Earnings Presentation
42 slides from Aditya Birla Fashion And Retail's earnings presentation, Aug 4, 2023
Slide 1: Exchange intimation of investor presentation
August 4, 2023 BSE Limited National Stock Exchange of India Limited Scrip code: 535755 & 961915 Symbol: ABFRL Sub.: Investor Presentation of the Board Meeting of the Company Ref.: 1. Regulation 30 (read with Schedule III - Part A), of the Securities and Exchange Board of India (Listing Obligations a
Slide 2: Q1 FY24 Performance Highlights
Q1 FY24 Performance Highlights
Slide 3: Distribution Network
Distribution Network Market Update Distribution Q1 Highlights Performance of Key Portfolios Network Way Forward Company Financials
Slide 4: India's widest branded fashion distribution network
India’s widest branded fashion distribution network 17 3 13 3,574 434 109 2 15 76 177 23 4 14 4 145 1 8 18 1 153 Brand Stores Pantaloons Stores 14 426 28 41 16 136 1 3 8 14 9 1 1 142 45 125 15 31 79 7 115 44 9 1 6 33,874 6,837 7 77 Multi-brand Shop-In-shops 12 427 Outlets across Dept. stores 51 184
Slide 5: Market Update
Distribution Network Market Update Market Update Q1 Highlights Performance of Key Portfolios Way Forward Company Financials
Slide 6: Market Update
Market Update Demand sluggishness continues Some categories more severely impacted Slowdown across markets and Wedding related consumption slows categories due to fewer wedding dates Expected to revive with the onset Athleisure & lounge wear continue to of festive drag Early EOSS Players continue to
Slide 7: Q1 Highlights
Distribution Network Market Update Q1 Highlights Q1 Highlights Performance of Key Portfolios Way Forward Company Financials
Slide 8: Q1 Highlights
Q1 Highlights Resilient growth despite muted demand ABFRL crosses milestone of 4000+ EBOs Consolidated Sales grew by 11% YoY 28 brand stores (net) added to the network Sales for standalone business up Pantaloons network grew by 8% YoY 3 stores (net) New portfolio additions showing promise Continued
Slide 9: Q1 FY24 | ABFRL
Q1 FY24 | ABFRL ABFRL Standalone Particulars (In Rs. Cr.) Q1 FY23 Q1 FY24 Growth (V s. LY ) Revenue 2774 2987 8% Standalone revenue grew 8% YoY EBITDA 504 423 -16% EBITDA Margin 18.2% 14.2% EBITDA margin impacted due to EBIT 252 100 -61% lower retail throughput driven by weak demand environment PBT
Slide 10: Q1 FY24 | Key Segments | Revenue & EBITDA
Q1 FY24 | Key Segments | Revenue & EBITDA Consolidated Financials Revenue Growth EBITDA EBITDA % ( I n Rs. Cr .) Q1 FY23 Q1 FY24 vs FY23 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Lifestyle Brands 1519 1594 5% 266 292 17.5% 18.3% Other Businesses* 290 418 44% 21 -7 7.3% -1.6% Madura Segment 1810 2012 11% 287 2
Slide 11: Performance of Key Portfolios
Distribution Network Market Update Performance of Q1 Highlights Performance of Key Portfolios Key Portfolios Way Forward Company Financials
Slide 12: Key Portfolios
Key Portfolios Lifestyle Pantaloons Other Ethnic TMRW Businesses Strong performance in a Continues to hold its Strong Growth Robust performance led Unlocking growth tough environment at ground in a more propelled by robust by distribution potential of portfolio of the back of leading severely impact
Slide 13: Lifestyle Brands
Lifestyle Brands
Slide 14: Lifestyle Brands
Lifestyle Brands Revenue up 5% to reach Rs. 1594 Cr. Suits & Blazers, Ceremonial wear impacted due to poor wedding calendar Rest of the portfolio displayed resilience EBITDA grew 10% YoY to reach Rs. 292 Cr. Margin @ 18.3% Women’s wear business continues to gain traction Annual run rate of Rs. 400+
Slide 15: Lifestyle Brands Q1 Channel-wise
Lifestyle Brands Q1 Channel-wise Revenue (in Rs. crore) Q1 Q1 Q1 vs. FY20 FY23 FY24 LY Wholesale 349 315 376 20% Strong rebound in Wholesale led by Retail 450 793 809 2% departmental stores Others 207 412 409 -1% Marginal decline in others due to lower sales in E-com & exports Q1 Channel mix In % Re
Slide 16: Pantaloons
Pantaloons
Slide 17: Pantaloons
Pantaloons Revenue at Rs. 1030 Cr. with 13.4% EBITDA margin Low growth due to subdued demand Total sales growth @ 1% Retail LTL @ -8% Promising private label portfolio performance Private label share @ 65% in Q1 Net addition of 3 stores in Q1 Area Stores (,000 sq.ft.) Retail Network Q1FY24 5,783 434
Slide 18: Pantaloons Category and Ownership Mix
Pantaloons Category Mix Ownership Mix 10% 26% 15% 36% Q1 Q1 FY24 FY24 17% 9% 65% 22% Men Own Brands Women's Western Women's Ethnic MFL Kids Non Apps 10% Others 14% 29% 37% Q1 Q1 FY23 FY23 17% 62% 9% 22%
Slide 19: Other Business Segments
Other Business Segments Innerwear Youth Western Wear Super Premium Sportswear
Slide 20: Van Heusen Innerwear & Athleisure
Van Heusen Innerwear & Athleisure Revenue growth subdued due to headwinds in athleisure category Retail LTL @3% Innerwear category grew 13% YoY Continues network expansion in Trade Presence across 32700+ MBOs E-com revenue at 1.4x of LY
Slide 21: Van Heusen Innerwear
VAN HEUSEN — INNERWEAR ——
Slide 22: Youth Western Wear
Youth Western Wear American Eagle Best ever Q1 led by retail expansion 49% YoY growth in revenue Retail LTL @3% Launched 3 new stores during the quarter Brand now available at 40 exclusive stores & 65+ DS doors Forever 21 Focusing on network rationalization & driving operational efficiency
Slide 23: Super Premium Brands
Super Premium Brands One of fastest growing business in ABFRL portfolio Sales up 16% over LY Continues to grow profitably The retail network posted a LTL growth of 16% over LY Total network now consists of 16 multi-brand stores (The Collective) 18 single brand EBOs
Slide 24: Reebok
Reebok Revenue grew by 43% over LY Retail network posted 25% growth LTL @11% 10 new stores launched in Q1 Impactful launch of “I am the New” brand campaign Led by new brand ambassadors Strong Traction witnessed in - Professional running shoes Sneakers Classics range
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Slide 26: Portfolio of Ethnic brands
Portfolio of Ethnic brands Portfolio sales grew 33% over LY in Q1 Added 12 stores (net) to the network Brands poised for accelerated growth Apparel | Beauty | Accessories | Jewelry
Slide 27: Jaypore
Jaypore Retail revenue grew by 53% over LY led by rapid network expansion Added 2 new stores to the network this quarter Now available across 20 stores
Slide 28: Shantnu & Nikhil
Shantnu & Nikhil Sales for Q1 up 20% YoY Portfolio now well balanced between Couture & Bridge Bridge revenue grew to 1.6x of LY Added 2 new stores to the network in Q1 Exit @16 stores
Slide 29: Slide 29
Slide 30: Sabyasachi
Sabyasachi 18% YoY growth in revenue led by jewelry and accessories Jewelry grew 33% YoY Newly launched Mumbai store witnessed good traction Brand Sabyasachi invited to stage a jewelry exhibition in London for an event by Elephant Family, a charity supported by the British royal family
Slide 31: Slide 31
Slide 32: Tasva
Tasva Added 7 stores in the quarter 2 stores opened through partnered model Brand now available @58 EBOs across 30+ cities
Slide 33: `
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Slide 34: House of Masaba
House of Masaba Revenue up 32% vs LY Fashion business grew 18% YoY Business added 3 new stores to the network in Q1 Exit @11 stores Retail business grew 31% over LY Lovechild continues to offer new products to its customers
Slide 35: Slide 35
Slide 36: Building next generation of iconic brands for the digital first world
Building next generation of iconic brands for the digital first world
Slide 37: TMRW
TMRW TMRW posted 34% growth in revenue vs Q4FY23 Continued to add value to brands - Enhancing Tech capabilities Driving Product & Design innovation Leveraging Sourcing synergies
Slide 38: Way Forward
Distribution Network Market Update Q1 Highlights Way Performance of Key Portfolios Forward Way Forward Company Financials
Slide 39: Way Forward
Way Forward Expect demand to recover in second half of the year Retail expansion momentum to continue New businesses to be on an accelerated growth trajectory
Slide 40: Company Financials
Distribution Network Market Update Q1 Highlights Company Performance of Key Portfolios Financials Way Forward Company Financials
Slide 41: Financials
Financials Consolidated Profit & Loss Q1 FY23 Q1 FY24 In Rs. Cr. Revenue from Operations 2875 3196 Other Income 31 60 Total Income 2906 3256 EXPENSES Cost of Materials Consumed 335 370 Purchases of Stock-in-Trade 1272 997 Changes in Inventories -337 79 Employee Benefits Expense 347 438 Finance Costs
Slide 42: Disclaimers
Disclaimers Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements” including, but not limited to, those relating to general business plans & strategy of Aditya Birla Fashion and Retail Limited (“ABFRL"), its future out
Aditya Birla Fashion and Retail — Q1 FY24 Earnings Presentation on 6ix