V.i.p.industries Ltd. · NSE:VIPIND
V.i.p.industries — Q1 FY22 Earnings Presentation
13 slides from V.i.p.industries's earnings presentation, Aug 11, 2021
Slide 1: Covering letter to exchanges on analyst presentation
11th August, 2021 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: Presen
Slide 2: Investors Update Q1 FY22
May Investors Update Q1 FY22 August 2021
Slide 3: Contents
Contents Company Overview Consolidated Financial Results Financial Highlights Other Expenses Key Financial Metrics Cash Flow
Slide 4: Company Overview
Company Overview VIP Industries Ltd. is Asia’s largest and the world’s second largest luggage architect, headquartered in Mumbai. A public limited Indian company manufacturing luggage and travel accessories, VIP Industries Ltd. has more than 8000 retail outlets in its armoury apart from a well-devel
Slide 5: Q1: Impacted by the 2nd wave
Q1 : Impacted by the 2nd wave Covid Cases Spike in April-May ‘21 NO OF REPORTED CASES IN LAKHS • Covid cases saw sharp increase starting March 21 till May 21 before it started to reduce from June 21. • Adverse impact of this was clearly visible in Domestic 71.3 62.4 airline passenger traffic and the
Slide 6: Revenue Recovery
Revenue Recovery Rs. in Crores Chart Title 300 2nd Wave 90% 80% 78% 250 70% 200 60% 54% 1st Wave 50% 150 40% 243 37% 233 100 206 30% 25% 20% 50 103 10% 40 7% 0 0% Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Revenue from Operations % Revenue to FY20 Revenue recovery as compared to 2019-20. Recovery seen
Slide 7: Consolidated Financial Results
Consolidated Financial Results Rs. in Crores Quarter ended Year ended Particulars Jun-21 Mar-21 Jun-20 Mar-21 Income from Operations 221 259 58 667 Material Consumed 101 137 23 366 Employee Cost 39 38 39 138 Others Expenses 53 65 34 180 EBIDTA 27 19 -38 -17 EBIDTA Margin 12% 8% -65% -3% Depreciation
Slide 8: Financial Highlights
Financial Highlights • Q1 revenue impacted due to COVID-19. Revenue at 85% of last year March quarter at 221 Cr. Hard Luggage constitutes 39% of total revenue for this quarter. • Q1 Gross Margin is 54% mainly due to lower discounts and better mix in favor of higher margin products and price increase
Slide 9: Other Expenses
Other Expenses Rs. in Crores For the Quarter ended Year ended Particulars Jun-21 Mar-21 Jun-20 Mar-21 Job Work Charges 3.1 4.8 0.3 8.5 Electricity, Power & Fuel Expenses 3.2 4.0 1.2 10.0 Rent 0.5 0.5 0.9 5.9 Repairs 2.5 3.4 2.0 10.6 Insurance 1.1 1.6 1.0 4.8 Rates and taxes 0.5 1.2 0.2 2.6 Travellin
Slide 10: Key Financial Metrics
Key Financial Metrics Net Debt Net Current Assets - - - Jun-21 Jun-20 Mar-21 315 327 260 Jun-21 Jun-20 Mar-21 Investments & Cash & Bank Borrowings 231 196 162 154 149 160 Jun-21 Jun-20 Mar-21 Jun-21 Jun-20 Mar-21
Slide 11: Key Financial Metrics – Q1
Key Financial Metrics – Q1 Revenue Gross Margin 259 60% 221 54% 47% 58 Jun-21 Mar-21 Jun-20 Jun-21 Mar-21 Jun-20 EBITDA PBT before Exceptional Item 12% 8% 2 Jun-21 Mar-21 Jun-20 -6 Jun-21 Mar-21 Jun-20 -67 -65%
Slide 12: Disclaimer
Disclaimer • Statements in this presentation, particularly those which relate to management’s views and analysis, describing the Company’s objectives, projections, estimates and expectations may constitute “forward looking statements” within the meaning of applicable laws and regulations. • Actual r
Slide 13: Thank you
Thank you V/A