Future Lifestyle Fashions Ltd. · NSE:FLFL
Future Lifestyle Fashions — Q1 FY20 Earnings Presentation
25 slides from Future Lifestyle Fashions's earnings presentation, Jul 20, 2019
Slide 1: Cover letter to stock exchanges
), FLF Ref: FLFL/BM/ 2019-20 FUTURE LIFESTYLE FASHIONS 20 July 2019 To To Dept. of Corporate Services (CRD) Listing Department SSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Sandra - Kurla Complex, Sandra (East), Mumbai - 400 001 . M
Slide 2: Future Lifestyle Fashions Investor Update
Future Lifestyle Fashions Investor Update 20th July 2019, Mumbai FUTURE LIFESTYLE FASHIONS
Slide 3: Disclaimer
Disclaimer This report contains forward-looking statements, which may be identified by their use of words like ‘plans’, ‘expects’, ‘will’, ‘anticipates’, ‘believes’, ‘intends’, ‘projects’, ‘estimates’, or other words of similar meaning. All statements that address expectations or projections about t
Slide 4: FLF Q1 FY20: Highlights
FLF Q1 FY20 : Highlights Business Update • 3 Central and 6 Brand Factory stores opened during Q1, taking total count of Central to 47 and Brand Factory to 97. 0.4 mn sq ft net area added, taking the total to 7.2 mn sq ft • Brand Factory launched its first store in Uttarakhand • Brand Factory online
Slide 5: FLF Q1 FY20 in Numbers
FLF Q1 FY20 in Numbers Central sales Brand Factory sales FLF SSG%# ` 750cr in Q1 FY20 ` 650 cr in Q1 FY20 13.6% 23.6% 5.2% (` 660 in Q1 FY19) (` 526 in Q1 FY19) (8.2% in Q1 FY19) Revenue* Gross profit* EBITDA* ` 1,544 cr in Q1 FY20 ` 576 cr in Q1 FY20 ` 145 cr in Q1 FY20 17.1% 25.2% 18.9% (` 1,319 c
Slide 6: Same Store Retail Sales Performance
Same Store Retail Sales Performance 21% 15% 15% 13% 11% 8% 9% 7% 7% 5% 4% 3% 2% 1% 0.5% Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Brand Factory growth effected due to early EoSS and continuous promo discounts even during non EoSS period in full price channels. FLF | Investor Update 5
Slide 7: New Store Launches
New Store Launches Opened 3 stores in Q1, Total Store Count is 47 Opened 6 stores in Q1, Total Store Count is 97 New Store Details New Store Details Hyderabad: April New Delhi: April Anand: June Bangalore : April Bangalore: May Hyderabad: June Dehradun: June Cuttack: June Thrissur: June FLF | Invest
Slide 8: Company store network
Company store network Includes numbers of Lee Cooper business Stores. Map is not to scale. Store count June 18 June 19 42 47 69 97 EBOs 211 202 Total 322 346 Area (mn Sqft) 6.0 7.2 Store closure detail June 18 June 19 0 0 0 2 EBOs 23 4 Store mapping pointers are for locational indication only and do
Slide 9: FLF Online update
FLF Online update FLF | Investor Update 8
Slide 10: Brand Factory online soft launch commenced
Brand Factory online soft launch commenced www.brandfactoryonline.com FLF | Investor Update 9
Slide 11: aLL online
aLL online FLF | Investor Update 10
Slide 12: Events and campaigns
Events and campaigns FLF | Investor Update 11
Slide 13: Lee Cooper key marketing and strategic initiatives
Lee Cooper key marketing and strategic initiatives PR Initiatives ET Panache Advertising Footwear Trade Magazine Strategic Initiatives Hosted ‘Denim Fest’ at Engagement on Social Central and Lifestyle Media • Objective was to establish Lee • Leverage the Cricket fever Cooper as a dominant brand in a
Slide 14: aLL key initiatives
aLL key initiatives Brand Promotion during IPL aLL Online Exclusives aLL new for festive • To spread brand awareness & reach • Created exclusivity for aLL Online & • Leveraged the shopping around out to a large audience by promote new collection. the festival of EID and get advertising during IPL. •
Slide 15: Latest Events at Central
Latest Events at Central Central Central Central High on Heels Poila Baisakh celebration International Happiness Day • Created Intrigue around • Use Poila Basiakh as the • Central invited all sneaker fans Heels. Showcase looks occasion and establish to be part of Sneakers Cult based on heels. Celebr
Slide 16: Campaigns and Promotions at Brand Factory
Campaigns and Promotions at Brand Factory FLF | Investor Update 15
Slide 17: Impact Assessment – Ind AS 116
Impact Assessment – Ind AS 116 FLF | Investor Update 16
Slide 18: Key points – Ind AS 116
Ind AS 116- Overview Key points – Ind AS 116 • New lease standards effective from 1st April 2019. • No distinction between finance lease & operating lease. • All leases to be recognized in the balance sheet as an Asset and Liability. • The lease liability is measured at present value of minimum leas
Slide 19: Ind AS 116 – Impact on Financial Statements
Ind AS 116- Impact on Financial Statements What’s changing? FLF | Investor Update 18
Slide 20: Ind AS 116 – FLF Approach
Ind AS 116- FLF Approach Our approach • FLF has lease term ranging from 7 to 15 years on an average. • Non-Variable rental contracts have been considered for Ind AS 116 • For Ind AS 116 , FLF has considered the following • Average Lease term – 7 years • Lease term for New Property Signed – 3 years •
Slide 21: Financial Performance – Q1 FY20
Financial Performance – Q1 FY20 FLF | Investor Update 20
Slide 22: FLF Snapshot – Q1 FY20
FLF Snapshot – Q1 FY20 Total Income From Gross Profit EBITDA Margin PAT Gross Space Addition Operations (mn. sq. ft.) Q1 FY20 ₹1,544 Cr ₹576 Cr 9.4% ₹29 cr 0.48 Q1 FY19 ₹1,319 Cr ₹460 Cr 9.2% ₹26 cr 0.27 FLF Brands Q1 Margins Q1 SSGs Contributed ~38% of Revenue in Q1FY20. Delivered Gross Profit
Slide 23: Financial Overview – Q1 FY20
Financial Overview – Q1 FY20 Income Statement (Rs. Cr) Standalone Consolidated Particulars Q1'19 Q1'20 Gr% Q1'19 Q1'20 Gr% Revenue from Operations 1,268 1,496 18.0% 1,319 1,540 16.8% COGS 828 950 14.8% 859 968 12.7% Gross Profit 440 546 24.1% 460 572 24.5% Gross Margin % 34.7% 36.5% 34.9% 37.1% Empl
Slide 24: Financial Overview – Q1 FY20 w/o Ind AS 116
Financial Overview – Q1 FY20 w/o Ind AS 116 Income Statement (Rs. Cr) Standalone Consolidated Particulars Q1'19 Q1'20 Gr% Q1'19 Q1'20 Gr% Revenue from Operations 1,268 1,499 18.3% 1,319 1,544 17.1% COGS 828 950 14.8% 859 968 12.7% Gross Profit 440 549 24.9% 460 576 25.2% Gross Margin % 34.7% 36.6% 3
Slide 25: Thank You
Thank You Registered and Corporate Office: Knowledge House, Shyam Nagar, Off Jogeshwari - Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 +91 22 30842336 | investorrelations@futurelifestyle.in www.futurelifestyle.in
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