V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q2 FY2020 Earnings Presentation
12 slides from V-mart Retail's earnings presentation, Nov 2, 2019
Slide 1: Presentation to Analysts/Investors cover letter
1 November, 2019 PRICE "LESS" FASHION Ref. No. CS/S/L-385/2019-20 To, To: To: The Listing Department The Corporate Relationship Department NATIONAL STOCK EXCHANGE OF THE BSE LIMITED INDIA LIMITED Phiroze Jeejeebhoy Towers, “Exchange Plaza” Dalal Street, Mumbai-400 001 Bandra-Kurla Complex Scrip code
Slide 2: Review of Financial Result Q2 FY'20
V-MART RETAIL LTD. Review of Financial Result Q2 FY’20
Slide 3: Disclaimer
Disclaimer This investor presentation has been prepared by V-Mart Retail Limited (“V-Mart’) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied shou
Slide 4: Key highlights: Apr-Sep FY'20 vs FY'19 results
Key highlights : Apr-Sep FY’20 vs FY’19 results ¢ Number of Stores increases to 239 (add : 27 close : 0) ¢ Revenue grows by 23% ¢ Same Store Sales growth : Company 3%, Volume 0% ¢ Sales per sq. feet (per month) : Rs. 728 ¢ Contribution of segmentto total revenue : ¢ Fashion 92% ¢ Kirana 8% ¢ Netprof
Slide 5: Financial Parameters
Financial Parameters : Apr-Sep FY’20 vs FY’19 Sales (rs.mn Sales Mix (%) m YTD'20 m YTD'19 7,672 : 6,234 ; CO 80.0% 79.5% - 12.3% 13.3% : 7.7% 1.2% YTD'20 YTD'19 Apparels Non Apparels Kirana EBITDA «as. mn) PAT (Rs. Mn) ho 691 a My 4 Lx -4 , | ==> YTD'20 YTD'19 YTD'20 YTD'19 FY’20 numbers are adjust
Slide 6: Operational Parameters: Apr-Sep FY'20 vs FY'19
Operational Parameters : Apr-Sep FY’20 vs FY’19 Footfall (lakhs) Conversion Rate (%) 196 166 :CL 58.5% 59.8% YTD'20 YTD'19 YTD'20 YTD'19 Transaction size (Rs.) =Total mApparer Average Selling Price (Rs) /CL 669 — | 192 v6 YTD'20 YTD'19 YTD'20 YTD'19 ee Price “Less” Fashion —
Slide 7: Operational Parameters
Operational Parameters : Apr-Sep FY’20 vs FY’19 Z Sales per sq feet (per month) Store Count (Nos) HTier1 @Tier2 OTier3 W&Tier4 728 740 YO 135 121 44 28 32 32 18 1 YTD'20 YTD'19 YTD'20 YTD'19 Same Store Sales Growth (%) Same Store Volume Growth (%) sf XX\ 8.8% 1.2% -0.2% YTD'20 YTD'19 YTD'20 YTD'19
Slide 8: Operational Parameters: Apr-Sep FY'20 vs FY'19
Operational Parameters : Apr-Sep FY’20 vs FY’19 m YTD'20 Expenses (% of Sales) m YTD'19 0 Retail Space (lakhs Sq feet) e 9.9% LO 20 A 9.4% - 16 4.9% 4.0% 4.0% 4.1% 7%* 75% 2.6% 0.7% . 0 RS oe é s s & & 8 : s r YTD'20 YTD'19 Inventory (Days of Sales) mTotal —~ Apparel ®NonApparel MS Kirana og 13 a Sh
Slide 9: Key highlights of Q2 FY'20 vs FY'19 results
Key highlights of Q2 FY’20 vs FY’19 results e Revenue growsby 20% ¢ Same Store Sales growth : Company 1%, Volume (8%) ¢ Sales per sq. feet (per month) : Rs. 590 e Stores count increases to 239 (add : 14 close : 2) ¢ Contribution of segmentto total revenue ¢ Fashion 90% ¢ Kirana 10% ¢ Net profit/(los
Slide 10: Financial Parameters — Q2 FY'20 vs FY'19
Financial Parameters — Q2 FY’20 vs FY’19 Sales (Rs. Mn) m Q2'20 m Q2'19 Sales Mix (%) LO 3,142 LO 77.0% 76.5% Ce 2,622 13.0% 14.5% 10.0% 9.0% Q2'20 Q2'19 Apparels Non Apparels Kirana EBITDA ¢rs. min) PAT (Rs. Mn) ee, 113 4 | -14* Lx -180 -A0 Q2'20 Q2'19 Q2'20 Q2'19 FY’20 numbers are adjusted on acco
Slide 11: Operational Parameters — Q2 FY'20 vs FY'19
Operational Parameters — Q2 FY’20 vs FY’19 Footfall (lakhs) Conversion Rate (%) = LO 59.5% 9 - eee a C2 LO Q2'20 Q2'19 Q2'20 Q2'19 Transaction size (Rs.) = Total « apneWerage Selling Price (Rs) 4 298 70 LE : 631 257 188 164 Q2'20 Q2'19 Q2'20 Q2'19
Slide 12: Ind-AS 116 — Leases
Ind-AS 116 — Leases MCA has mandated a new Accounting Standard IND-AS 116 for Accounting for Leases with effect from April 1, 2019 e Requires lessee to recognize on Balance Sheet measured at present value of minimum lease payments to be made over the lease period, as Right of Use Asset (ROU) e Inter