V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q2 FY21 Earnings Presentation
18 slides from V-mart Retail's earnings presentation, Nov 10, 2020
Slide 1: Cover letter: Presentation to Analysts/Investors
MART PRICE "LESS" FASHION Ref: No: CS/S/L-457/2020-21 11th November, 2020 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
Slide 2: V-Mart Retail Ltd. Review of Financial Results Q2 FY'21
www.vmartretail.com V-Mart Retail Ltd. Review of Financial Results Q2 FY’21
Slide 3: Disclaimer
This 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 should not be deemed to
Slide 4: April - Sep FY'21 Key Highlights
April - Sep FY’21 Key Highlights Financial Parameters Operational Parameters 3
Slide 5: Key Highlights: April - Sep FY'21 vs. FY'20 Results
Key Highlights: April - Sep FY’21 vs. FY’20 Results • Number of Stores : 264 (close : 02) • Revenue 33% of YTD’21 • Contribution of segment to total revenue : o Fashion 92% o Kirana 8% • Net profit/(loss) : Rs. (526) million 4
Slide 6: Financial Parameters: April - Sep FY'21 vs. FY'20
Financial Parameters : April - Sep FY’21 vs. FY’20 Sales (Millions) Sales Mix (%) 79.0% 80.0% 7,672 2,536 11.8% 12.3% 9.2% 7.7% YTD'21 YTD'20 Apparels Non Apparels Kirana EBITDA (Millions) PAT (Millions) 691 YTD'21 YTD'20 (4) (526) YTD'21 YTD'20 (62) CY PY 5
Slide 7: Operational Parameters: April - Sep FY'21 vs. FY'20
Operational Parameters : April - Sep FY’21 vs. FY’20 FootFall (Lacs) Conversion Rate (%) 196 64.7% 58.5% 50 YTD'21 YTD'20 YTD'21 YTD'20 Transaction size (Rs.) Average Selling Price (Rs) Total Apparel 280 252 836 729 182 192 YTD'21 YTD'20 YTD'21 YTD'20 CY PY 6
Slide 8: Operational Parameters: April - Sep FY'21 vs. FY'20
Operational Parameters : April - Sep FY’21 vs. FY’20 Sales per sq feet (per month) Store Count (Nos) 138 135 728 59 328 44 35 32 28 32 Tier 1 Tier 2 Tier 3 Tier 4 Tier 1 Tier 2 Tier 3 Tier 4 YTD'21 YTD'20 YTD'21 YTD'20 Same Store Sales Growth (%) Same Store Volume Growth (%) 3.2% YTD'21 YTD'20 (0.2%
Slide 9: Operational Parameters: April - Sep FY'21 vs. FY'20
Operational Parameters : April - Sep FY’21 vs. FY’20 Expenses (% of Sales) Retail Space (Lacs Sq feet) 19.3% YTD'21 YTD'20 22 20 9.9% 5.9% 4.0% 5.7% 4.1% 2.5% 0.5% Manpower Power Advertisement Others YTD'21 YTD'20 Inventory (Days of Sales) Shrinkage (% of Sales) Total Apparel 4.9% 181 193 187 Non-ap
Slide 10: Key Highlights: Q2 FY'21 vs. FY'20 Results
Key Highlights: Q2 FY’21 vs. FY’20 Results • Number of Stores : 264 (close : 02) • Revenue 56% of Q2’21 • Contribution of segment to total revenue : o Fashion 91% o Kirana 9% • Net profit/(loss) : Rs. (190) million 9
Slide 11: Financial Parameters: Q2 FY'21 vs. FY'20
Financial Parameters : Q2 FY’21 vs. FY’20 Sales (Millions) Sales Mix (%) 79.3% 77.0% 3,142 1,755 12.1% 14.0% 8.6% 9% Q2'21 Q2'20 Apparels Non Apparels Kirana EBITDA (Millions) PAT (Millions) Q2'21 Q2'20 113 (180) Q2'21 Q2'20 (190) (3) CY PY 10
Slide 12: Operational Parameters: Q2 FY'21 vs. FY'20
Operational Parameters : Q2 FY’21 vs. FY’20 FootFall (Lacs) Conversion Rate (%) 84 59.5% 59.5% 35 Q2'21 Q2'20 Q2'21 Q2'20 Transaction size (Rs.) Average Selling Price (Rs) Total Apparel 298 844 254 709 183 188 Q2'21 Q2'20 Q2'21 Q2'20 CY PY 11
Slide 13: Ind-AS 116: P&L Impact (Q2 FY'21)
Ind-AS 116 : P&L Impact (Q2 FY’21) (Rs. in million, unless stated otherwise) Pre Ind-AS116 Post Ind-AS116 Net Impact on PBT Particulars (A) (B) (B-A) Rent (94) (0) 94 Finance cost (9) (147) (138) Depreciation & Amortization (93) (257) (164) PBT (196) (404) (208) 12
Slide 14: Financial Review – Profit & Loss Statement
Financial Review – Profit & Loss Statement Rs. In million (except per share data) For the period ended Particulars 30.09.2020 30.09.2019 (Unaudited) (Unaudited) I. Revenue from operations 2,536 7,672 II. Other income 164 33 III. Total Revenue (I + II) 2,700 7,705 IV Total Expenses (IV) 3,411 7,675 V
Slide 15: Financial Review - Balance Sheet and CFS
Financial Review - Balance Sheet and CFS (Rs. in million, unless stated otherwise) Particulars As at As at September 30, 2020 March 31, 2020 V-Mart Retail Limited (Unaudited) (Audited) I ASSETS Cash Flow Statement for the period ended September 30, 2020 Non-current assets Property, plant and equipme
Slide 16: Stores Geographic Spread & Sales Promotions Q2 FY'21
Stores Geographic Spread & Sales Promotions Q2 FY’21 15
Slide 17: Stores Geographical Spread
Stores Geographical Spread States Existing New Closed Total Assam 9 9 Arunachal Pradesh 1 1 Stores opened till FY20 266 Bihar 45 1 46 Chandigarh 1 1 Stores Opened Delhi 3 3 during FY21 02 Gujarat 6 6 Haryana 1 1 Stores closed Himachal Pradesh 3 1 2 04 during FY21 J&K 8 8 Jharkhand 19 19 MP 15 1 1 15
Slide 18: Thank you….!!
www.vmartretail.com Thank you….!! In case of any queries, please contact the IR Team: Girish Garg - girish.garg@vmart.co.in