V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q3 FY2022-23 Earnings Presentation
29 slides from V2 Retail's earnings presentation, Feb 10, 2023
Slide 1: V2 Retail Limited
V2 Retail Limited February 10, 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), Mumbai -- 400 001 M umbai -- 40
Slide 2: Q3 & 9M FY23 Result Update
V2 Retail Limited Q3 & 9M FY23 Result Update
Slide 3: 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 4: Q3 & 9M FY23 Highlights
Q3 & 9M FY23 Highlights We Value # Variety »
Slide 5: Performance Highlights – Q3 & 9M FY23 - Consolidated
Performance Highlights – Q3 & 9M FY23 - Consolidated EBIDTA ₹ 381 Mn in Q3 FY23 as compared to ₹ 399 Mn in Q3 FY22. ₹ 698 Mn in 9M FY23 as compared to ₹ 582 Mn in 9M FY22. Gross Profit PBT ₹ 861 Mn in Q3 FY23 as ₹ 125 Mn in Q3 FY23 as compared to ₹ 798 Mn in compared to ₹ 168 Mn in Q3 FY22. ₹ 2,048
Slide 6: Highlights – Q3 FY23
Highlights – Q3 FY23 Store Count & Retail Area 01 99 Stores at end of Q3 FY23 (Opened 1, Closed 5) Total Retail area ~10.59 lakh sq.ft. SSG 02 Same Store Sales Growth (3.6%) in Q3 FY23 Average Selling Price & Average Bill Value 03 ASP was ₹ 320 & ABV was ₹ 847 in Q3FY23 PSF 04 Sales per square feet
Slide 7: Highlights – 9M FY23
Highlights – 9M FY23 Store Count & Retail Area 01 99 Stores at end of 9M FY23 (Opened 5, Closed 6) Total Retail area ~10.59 lakh sq.ft. SSG 02 Same Store Sales Growth 35% in 9M FY23 Average Selling Price & Average Bill Value 03 ASP was ₹ 290 & ABV was ₹ 803 in 9M FY23 PSF 04 Sales per square feet pe
Slide 8: Consolidated Financial Highlights
Consolidated Financial Highlights Revenue (₹ Million) Gross Profit (₹ Million) & Gross Profit Margins EBIDTA (₹ Million) and EBIDTA Margins Profit After Tax (₹ Million) 7
Slide 9: Standalone Financial Highlights
Standalone Financial Highlights Revenue (₹ Million) Gross Profit (₹ Million) & Gross Profit Margins EBIDTA (₹ Million) and EBIDTA Margins Profit After Tax (₹ Million) 8
Slide 10: Profit & Loss - Consolidated
Profit & Loss - Consolidated Particulars (₹ million) Q3 FY23 Q3 FY22 Y-O-Y Q2 FY23 9MFY23 9MFY22 Y-O-Y FY2022 Revenue from Operations 2,397 2,389 0% 1,945 6,455 4,710 37% 6,292 Other Income 24 11 12 45 122 159 Total Income 2,420 2,400 1% 1,957 6,500 4,832 35% 6,451 Gross Profit 861 798 8% 548 2,048
Slide 11: Pre Ind AS 116 Profit & Loss (Consolidated)
Pre Ind AS 116 Profit & Loss (Consolidated) Particulars (₹ million) Q3 FY23 Q3 FY22 Y-O-Y Q2 FY23 9MFY23 9MFY22 Y-O-Y FY2022 Revenue from Operations 2,397 2,389 0% 1,945 6,455 4,710 37% 6,292 Other Income 2 2 8 11 9 16 Total Income 2,398 2,391 1,953 6,465 4,719 6,308 Cost of M aterial Consumed 1,536
Slide 12: Profit & Loss - Standalone
Profit & Loss - Standalone Particulars (₹ million) Q3 FY23 Q3 FY22 Y-O-Y Q2 FY23 9MFY23 9MFY22 Y-O-Y FY2022 Revenue from Operations 2,397 2,389 0% 1,945 6,455 4,710 37% 6,292 Other Income 23 10 9 41 121 156 Total Income 2,420 2,399 1% 1,954 6,496 4,831 34% 6,448 Gross Profit 817 763 7% 492 1,923 1,4
Slide 13: Pre Ind AS 116 Profit & Loss (Standalone)
Pre Ind AS 116 Profit & Loss (Standalone) Particulars (₹ million) Q3 FY23 Q3 FY22 Y-O-Y Q2 FY23 9MFY23 9MFY22 Y-O-Y FY2022 Revenue from Operations 2,397 2,389 0% 1,945 6,455 4,710 37% 6,292 Other Income 1 2 7 9 9 14 Total Income 2,398 2,391 1,952 6,463 4,719 6,306 Cost of M aterial Consumed 1,580 1,
Slide 14: Store Presence
Store Presence Jammu & Kashmir (1) Arunachal (1) & Uttarakhand (4) Meghalaya (1) Kathua Haldwani; Roorkee; Khatima; Dehradun Itanagar ; Shilong Himachal (1) Solan Assam (6) & Tripura (1) Guwahati 1; Guwahati 3; West Bengal (1) NCR (3) Silchar; Barpeta; Jorhat; Malda Mahipalpur; Faridabad; Agartala,
Slide 15: Our Brands
Our Brands ci GODSPEED Honey Buaib FUN CUTE NAUGHTY H . HERRLICH
Slide 16: Promotion Campaigns
Promotion Campaigns al » —_, Value + Variety Value & Variety qa gana KURTI SETS DOUBLE BED SHEET WITH 2 PILLOW COVERS = 549 ONWARDS 5
Slide 17: Promotion Campaigns
Promotion Campaigns By Value& Variety 103 STORES | 89 CITIES tl i} a MRP Rp |} <360 | 400 | 660 vepnice | vepnice | venice 100'|.200'|.300°
Slide 18: Promotion Campaigns
Promotion Campaigns Embrance the cool tones of winter with relaxed style and hot fabrics ON SHOPPING ABOVE %1499 SHOP NOW
Slide 19: Stores Opening
Stores Opening Kanpur Store Rasulgarh Storee 18
Slide 20: Management
Management We Value & Vaviedy » ee
Slide 21: Board of Directors
Board of Directors Mr. Ram Chandra Agarwal, Ms. Uma Agarwal, Mr. Akash Agarwal, Chairman & Managing Director Whole Time Director Non Executive Director • Mr. Agarwal holds a bachelor’s degree in • Mrs. Agarwal holds a bachelor’s degree in • Mr. Akash Agarwal holds a bachelor’s of Commerce. Arts. bus
Slide 22: Board of Directors
Board of Directors Dr. Arun Kumar Roopanwal Mrs. Archana S Yadav Mr. Srinivas Anand Mrs. Archana Mannava S Yadav Independent Director Independent Director Independent Director Independent Director • He has over 35 Years of • A Chartered Accountant in • Post-Graduate Program in extensive experience i
Slide 23: Key Financial Indicators - Historical
Key Financial Indicators - Historical
Slide 24: Standalone Profit & Loss
Standalone Profit & Loss Particulars (₹ in Mn) FY2018 FY2019 FY2020 FY2021 FY2022 Revenue from Operations 5,594 7,484 7,012 5,386 6,292 Other Income 33 99 23 222 156 Total Income 5,627 7,583 7,035 5,608 6,448 Growth (%) 19% 34% -6% -23% 17% Gross Profit 1,804 2,421 1,960 1,583 1,886 GP Margin (%) 32
Slide 25: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ in Mn) FY 2022 FY 2021 Particulars (₹ in Mn) FY 2022 FY 2021 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 916 971 Equity share capital 344 341 Capital Work in Progress - - Other equity 2,258 2,378 Right to use Assets 2,
Slide 26: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (₹ in Mn) FY2020 FY2021 FY2022 Revenue from Operations 7,012 5,386 6,292 Other Income 25 230 159 Total Income 7,037 5,616 6,451 Growth (%) -20% 15% Gross Profit 1,960 1,628 2,016 GP Margin (%) 28% 30% 32% EBIDTA 773 715 805 EBIDTA Margin (%) 11% 13% 13% Depreci
Slide 27: Robust Standalone Financial Performance
Robust Standalone Financial Performance Revenue (₹ Million) EBIDTA (₹ Million) and EBIDTA Margins PBT (₹ Million) PAT (₹ Million) 26
Slide 28: Key Operating Metrics - Standalone
Key Operating Metrics - Standalone No. of Stores and Retail Space (lakh sq.ft.) Inventory Holding Days Sales per Sq. Ft. (₹ Per Month) Rent per Sq. Ft. (₹ Per Month) 27
Slide 29: Thank You
Thank You Investor Relation Advisor Company Dr. Rahul Porwal / Mr. Amit Porwal Mr. Sudhir Kumar Marathon Capital Advisory Private Limited (Company Secretary & Compliance Officer) Tel : +91-22-40030610 / 9967576900 / 9819773905 V2 Retail Limited Email : rahul@marathoncapital.in / Tel : +91-11-4177185