V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q2 FY2021 Earnings Presentation
30 slides from V2 Retail's earnings presentation, Nov 12, 2020
Slide 1: V2 Retail Limited
V2 Retail Limited November 12, 2020 BSE Limited National Stock Exchange Of India Limited Corporate Relationship Department Listing Department lst Floor, New Trading, Rotunda Building, Exchange Plaza, Bandra Kurta Complex, P J Towers, Dalai Street, Fort, Bandra (Eastl, Mumba i -- 400 001 Mumbai -- 40
Slide 2: Q2 FY21 Result Update
Q2 FY21 Result Update November 2020 1
Slide 3: Safe Harbor
Safe Harbor 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, an
Slide 4: Q2 & H1 FY21 Highlights
Q2 & H1 FY21 Highlights 3] Wakort. Nas MAKE \ WORK OUTS | FASHIONABLE Yood Looking? wwwy2kartcom
Slide 5: Performance Highlights Q2 & H1 FY21 - Standalone
Performance Highlights Q2 & H1 FY21 - Standalone EBIDTA ₹ 95 Mn in Q2 FY21 as compared to ₹ 118 Mn in Q2 FY20. EBIDTA for H1 FY21 stood at ₹ 167 Mn Gross Profit ₹ 270 Mn in Q2 FY21 as PBT compared to ₹ 418 Mn ₹ (97) Mn in Q2 FY21 as in Q2 FY20. Gross Profit compared to ₹ (97) Mn for H1 FY21 stood at
Slide 6: Highlights Q2 FY21
Highlights Q2 FY21 Store Count & Retail Area 01 76 Stores at end of Q2 FY21 (Opened 6, Closed 4). Total Retail area ~8.1 lakh sq.ft. SSG 02 Same Store Sales Growth (48)% in Q2 FY21 ASP 03 Average Selling price in Q2 FY21 stood at ₹238 ABV 04 Average Bill value was ₹ 720 in Q2 FY21 PSF 05 Sales per s
Slide 7: Highlights H1 FY21
Highlights H1 FY21 Store Count & Retail Area 01 76 Stores at end of H1 FY21 (Opened 6, Closed 6). Total Retail area ~8.1 lakh sq.ft. SSG 02 Same Store Sales Growth (68)% in H1 FY21 ASP 03 Average Selling price in H1 FY21 stood at ₹237 ABV 04 Average Bill value was ₹ 736 in H1 FY21 PSF 05 Sales per s
Slide 8: Key Trends
Key Trends We have witnessed uptick of consumer demand starting September due to onset of festive season. We are witnessing increased footfall 1 and conversion during October and November so far We believe the momentum should continue. We expect a better festive season as well as winter season 2 Enc
Slide 9: Standalone Financial Highlights
Standalone Financial Highlights Revenue (₹ Million) Gross Profit (₹ Million) and Gross Profit Margins 2,500 1,960 2,000 1,500 1,009 1,000 28% 500 418 380 270 29% 28% 31% 32% 0 Q2 FY21 Q2 FY20 H1 FY21 H1 FY20 FY 2020 EBIDTA (₹ Million) and EBIDTA Margins Profit After Tax (₹ Million) 150 101 100 (73)
Slide 10: Standalone Profit & Loss
Standalone Profit & Loss Particulars (₹ million) Q2 FY21 Q2 FY20 Y-O-Y Q1 FY21 H1 FY21 H1 FY20 Y-O-Y. FY2020 Revenue from Operations 850 1,507 -44% 370 1,220 3,530 -65% 7,012 Total Income 903 1,509 443 1,346 3,534 7,035 Gross Profit 270 418 -35% 110 380 1,009 -62% 1,960 GP Margin (%) 31.8% 27.7% 29.
Slide 11: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (₹ million) Q2 FY21 Q1 FY21 H1 FY21 FY2020 Revenue from Operations 850 370 1,220 7,012 Total Income 905 447 1,352 7,037 Gross Profit 277 113 390 1,960 GP Margin (%) 32.6% 30.4% 32.0% 27.9% EBIDTA 97 74 171 774 EBIDTA Margin (%) 11.4% 20.0% 14.0% 11.0% Other Inc
Slide 12: Pre Ind AS 116 P&L
Pre Ind AS 116 P&L Particulars (₹ million) Q2 FY21 Q2 FY20 Y-O-Y Q1 FY21 H1 FY21 H1 FY20 Y-O-Y. Revenue from Operations 850 1,507 -44% 370 1,220 3,530 -65% Total Income 851 1,509 374 1,224 3,534 Gross Profit 270 418 -35% 110 380 1,009 -62% GP Margin (%) 31.8% 27.7% 29.7% 31.1% 28.6% EBIDTA (46) (3)
Slide 13: Balance Sheet - Standalone
Balance Sheet - Standalone Particulars (₹ in Mn) H1 FY21 FY2020 Particulars (₹ in Mn) H1 FY21 FY2020 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 819 889 Equity share capital 341 341 Capital Work in Progress 3 - Other equity 2,313 2,464 Right to use Assets 2,
Slide 14: Balance Sheet - Consolidated
Balance Sheet - Consolidated Particulars (₹ in Mn) H1 FY21 FY2020 Particulars (₹ in Mn) H1 FY21 FY2020 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 887 922 Equity share capital 341 341 Capital Work in Progress 8 - Other equity 2,288 2,451 Right to use Assets
Slide 15: Cash Flow
Cash Flow Particulars (% in Mn) PBT Adjustments Operating profit before working capital changes Changes in working capital Cash generated from operations Direct taxes paid (net of refund) Net Cash from Operating Activities Net Cash from Investing Activities Net Cash from Financing Activities Net Cha
Slide 16: Store Presence
Store Presence Jammu & Kashmir (1) Uttarakhand (5) Arunachal (1) Kathua Haldwani 1; Roorkee; Haridwar, Khatima; Haldwani 2 Itanagar Himachal (1) Uttar Pradesh (13) Solan Gorakhpur 1; Gorakhpur 2; Assam (6) & Tripura (1) Sitapur; Varanasi 1; Padrauna; Guwahati 1; Guwahati 2; NCR (4) Gazipur; Pratapga
Slide 17: New Initiative During H1 FY21 – Online Retailing
New Initiative During H1 FY 22 – Online Retailing ▪ It is pretty evident that online retailing (e-com) and brick and mortar store are complementary to each other. E-com also enhance brand visibility. ▪ India is in the midst of a digital revolution. The number of Internet users is likely to cross 650
Slide 18: Our Brands
Our Brands Banka, Bihar JEYPORE, ORISSA 17
Slide 19: Promotions – Campaigns Q2 FY21
Promotions – Campaigns Q2 FY21 18
Slide 20: Promotions – Campaigns Q2 FY21
Promotions – Campaigns Q2 FY21 19
Slide 21: Promotions – Campaigns Q2 FY21
Promotions – Campaigns Q2 FY21 20
Slide 22: Board of Directors
Board of Directors WITH Comforl PERFECT DRESSING ) STN
Slide 23: Board of Directors
Board of Directors Mr. Ram Chandra Mrs. Uma Agarwal Mr. Akash Agarwal Ms. Rochelle Susanna Agarwal Dsouza Chairman and Managing Director Whole Time Director Whole Time Director & CFO Nominee Director • Mr. Agarwal holds a bachelor’s • Mrs. Agarwal holds a • Mr. Akash Agarwal holds a • Ms. Rochelle S
Slide 24: Board of Directors
Board of Directors Mr. Harbir Singh Sidhu Dr. Arun Kumar Roopanwal Mr. Lalit Kumar Mrs. Archana S Yadav Independent Director Independent Director Independent Director Independent Director ▪ A Graduate (BA HONS) from ▪ He has over 35 Years of ▪ He has over 30 Years of ▪ A Chartered Accountant in Camb
Slide 25: Key Financial Indicators
Key Financial Indicators V2 kart. The Best of Fashion | at your Doorstep CHANGE” Soe : THE GAME OF FASHION GETTHE BESTOF [ies : witH¥2, ¥ FASHION & VALUE | = XN FOR YOUR MONEY ’ . WITH V2. sewn 2kart.com
Slide 26: Financial Highlights – Standalone Profit & Loss Account
Financial Highlights – Standalone Profit & Loss Account ₹ in Million Particulars FY2016 FY2017 FY2018 FY2019 FY2020 CAGR Revenue from Operations 3,199 4,720 5,594 7,484 7,012 22% Total Income 3,225 4,736 5,627 7,583 7,035 Growth (%) 11% 47% 19% 35% -7% Gross Profit 956 1,388 1,804 2,421 1,960 20% GP
Slide 27: Financial Highlights – Standalone Balance Sheet
Financial Highlights – Standalone Balance Sheet Particulars (₹ in Mn) FY2020 FY2019 Particulars (₹ in Mn) FY2020 FY2019 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 889 977 Equity share capital 341 341 Right to use Assets 2,394 - Other equity 2,464 2,613 Othe
Slide 28: Robust Financial Performance
Robust Financial Performance Revenue (₹ Million) EBIDTA (₹ Million) and EBIDTA Margins PBT (₹ Million) PAT (₹ Million) 27
Slide 29: Key Operating Metrics
Key Operating Metrics No. of Stores and Retail Space (lakh sq.ft.) Inventory Holding Days Sales per Sq. Ft. (₹ Per Month) Rent per Sq. Ft. (₹ Per Month) 28
Slide 30: Thank You
Thank You For further information please contact: Investor Relation Advisors: Company: Dr. Rahul Porwal Mr. Sudhir Kumar Marathon Capital Advisory Private Limited (Company Secretary & Compliance Officer) Tel : +91-22-40030610 V2 Retail Limited Email : rahul@marathoncapital.in Tel : +91-11-41771850 E