Aditya Birla Fashion And Retail Ltd · NSE:ABFRL
Aditya Birla Fashion And Retail — Q3 FY23 Earnings Presentation
58 slides from Aditya Birla Fashion And Retail's earnings presentation, Feb 7, 2023
Slide 1: Outcome of the Board Meeting
ADITYA BIRLA FASHION & RETAIL February 7, 2023 BSE Limited National Stock Exchange of India Limited Scrip code: 535755 Symbol: ABFRL Sub.: Outcome of the Board Meeting of Aditya Birla Fashion and Retail Limited ("the company") Ref.: 1. Regulation 30 (read with Schedule 111- Part A), 33 of the Securi
Slide 2: Unaudited Standalone Financial Results Q3 and Nine Months FY23
Al>ITYA BIRLA Adltya Blrla Fashion and Retell Umlted STATEMENT Of UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2022 ~ In Crore Quarter ended Nlnemontnsended Yearenaeo Sr, December 31, September 30, December 31, December 31, December 31, March 31, Particul
Slide 3: Notes to Standalone Financial Results
Notes: 1 The above standalone financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) - 34 "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as ame
Slide 4: Notes on Reebok Acquisition and Preferential Issue
8 On December 14, 2021 the Board approved acquiring exclusive online and offline rights to the global brand 'Reebok' for the Indian market and other ASEAN countries and purchase of certain assets of 'Reebok India Company' including inventory by way of entering into a Licensing Agreement and a Purcha
Slide 5: Financial Ratios and Definitions
9. Current ratio= Current Assets/ Current Liabilities (excluding Lease Liabilities accounted as per Ind AS 116) 10. Long term debt to working capital = Long term debt/ Net working capital Long term debt= Non current borrowings+ Current maturity of long term borrowings Net working capital = Inventory
Slide 6: Auditor Review Report - Standalone
Price Waterhouse & Co Chartered Accountants LLP Review Report To The Board of Directors Aditya Birla Fashion and Retail Limited Piramal Agastya Corporate Park, Building 'A' 4 th and 5th floor, Unit No. 401,403,501 and 502 L.B.S. Road, Kurla Mumbai-400 070 1. We have reviewed the unaudited financial
Slide 7: Auditor Review Report - Standalone (continued)
Price Waterhouse & Co Chartered Accountants LLP 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Standalone Financial Results has not been prepared in all material respects in accordance with the recognition and measurement principles la
Slide 8: Unaudited Consolidated Financial Results
Adltya Blrla Fashion and Retail Umlted STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2022 "in Crore Quarter ended Nine months ended Year ended Sr. December 31, September 30, December 31, December 31, December 31, March 31, Particulars No. 20
Slide 9: Consolidated Segmentwise Revenue, Results, Assets and Liabilities
UNAUDITED CONSOLIDATED SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2022 "in Crore Quarter ended Nine months ended Year ended Sr. December 31, September 30, December 31, December 31, December 31, March 31, Particulars No. 2022 2022 2021 2022
Slide 10: Notes to Consolidated Financial Results
Notes: 1 The above consolidated financial results have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. 2 The above consolidated financial r
Slide 11: Notes on Preferential Issue and Business Transfer
c) On September 20, 2022, post completion of the customary closing conditions of SSA, the Board.- of Directors approved the allotment to the Investor on receipt of consideration aggregating to - " 770 Crore towards: i) 1,02,16,450 fully paid up Equity Shares, of which'{ 10 is towards face value and~
Slide 12: Auditor Review Report - Consolidated
Price Waterhouse & Co Chartered Accountants LLP Review Report To The Board of Directors Aditya Birla Fashion and Retail Limited Piramal Agastya Corporate Park, Building 'A' 4 th and 5th floor, Unit No. 401, 403, 501 and 502 L.B.S. Road, Kurla Mumbai-400 070 1. We have reviewed the unaudited consolid
Slide 13: Auditor Review Report - Consolidated entities
Price Waterhouse & Co Chartered Accountants LLP 4. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 5. The Consolidated Financ
Slide 14: Auditor Review Report - Consolidated (continued)
Price Waterhouse & Co Chartered Accountants LLP 7. We did not review the interim financial information of 6 subsidiaries included in the Consolidated Financial Results, whose interim financial information reflect total revenues of Rs. 162.29 crores and Rs. 319.14 crores, total net profit after tax o
Slide 15: Highest ever Quarterly Revenues with 20% growth YoY
PRESS RELEASE Aditya Birla Fashion and Retail posts highest ever Quarterly Revenues with 20% growth YoY, 39% over pre-COVID Performance Highlights 1. Company continued with its strong growth trajectory with fifth consecutive quarter of double-digit growth over pre-COVID period a. 20% YoY growth with
Slide 16: Financials – Q3
Financials – Q3 Growth Growth Standalone Q3 Q3 Consolidated Q3 Q3 % % In Rs. Cr. FY22 FY23 In Rs. Cr. FY22 FY23 (vs. LY) (vs. LY) Revenue 2873 3359 17% Revenue 2987 3589 20% EBITDA 578 478 -17% EBITDA 609 467 -23% PAT 191 57 -70% PAT 197 11 -94% Growth in the quarter was primarily driven by strong L
Slide 17: Segment performance and outlook
46% revenue growth YoY and LTL growth of 24%. Forever 21 grew 15% YoY and added 5 stores on net basis during the quarter. • Super premium brands, comprising of the multi-brand format “The Collective” and other super-premium brands, delivered a stellar performance with YoY revenue growth of 43% and s
Slide 18: Disclaimer
and globally. Disclaimer : Certain statements in this “Press Release” may not be based on historical information or facts and may be “forward looking statements” within the meaning of applicable securities laws and regulations, including, but not limited to, those relating to general business plans
Slide 19: Performance Highlights Q3 FY23
Performance Highlights Q3 FY23
Slide 20: Distribution Network
Distribution Network Market Update Q3 Distribution Highlights Network Performance of Key Portfolios Company Financials
Slide 21: India's widest distribution network
India’s widest distribution network 3 3,442 16 Brand Stores 13 2 14 21 71 32,589 149 108 149 15 4 414 12 162 1 4 8 1 5 Multi-brand Outlets 13 39 133 27 14 7 13 5 1 1 406 119 115 8 3 75 1 38 14 42 7 118 8 Pantaloons Stores 32 73 1 7 10 416 52 6,048 Shop-in-shops across 165 16 8 125 Dept. stores 3 329
Slide 22: Market Update
Distribution Network Market Update Q3 Market Update Highlights Performance of Key Portfolios Company Financials
Slide 23: Market Update
Market Update Premium products maintain impetus Categories re-set to pre-COVID base Premium and luxury segments Wedding & work-wear ahead of outperform pre-pandemic levels Value segment faces headwinds Athleisure and lounge wear in view of inflationary pressures experience sluggish growth Differenti
Slide 24: Q3 Highlights
Distribution Network Market Update Q3 Q3 Highlights Highlights Performance of Key Portfolios Company Financials
Slide 25: Q3 Highlights
Q3 Highlights Highest ever quarterly revenue Successful Brands acquisition 5th consecutive quarter of double digit Reebok transitioned into ABFRL YoY growth over pre-COVID levels operations w.e.f. 01 October 2022 Consolidated revenue up by 20% Completed integration of 6 of the 8 over LY D2C brands a
Slide 26: Q3FY23 | ABFRL Standalone and Consolidated
Q3FY23 | ABFRL ABFRL Standalone ABFRL Standalone Particulars (In Rs. Cr.) Q3 FY20 Q3 FY22 Q3 FY23 Growth Growth (Vs. Q3 FY22) (Vs. Q3 FY20) Revenue 2562 2873 3359 17% 31% EBITDA 424 578 478 -17% 13% Consolidated financial statements EBITDA M argin 16.5% 20.1% 14.2% EBIT 203 340 191 -44% -6% Addition
Slide 27: Q3FY23 | Key Segments | Revenue
Q3FY23 | Key Segments | Revenue Consolidated Financials NSV Growth ( In Rs. Cr.) Q3 FY20 Q3 FY22 Q3 FY23 vs FY20 vs FY22 Lifestyle Brands 1295 1589 1873 45% 18% Other Businesses* 237 287 363 53% 26% Madura Segment 1532 1876 2236 46% 19% Pantaloons Segment 1083 1066 1159 7% 9% Elimination -52 -70 -36
Slide 28: Q3FY23 | Key Segments | EBITDA
Q3FY23 | Key Segments | EBITDA Consolidated Financials EBITDA EBITDA % ( In Rs. Cr.) Q3 FY20 Q3 FY22 Q3 FY23 Q3 FY20 Q3 FY22 Q3 FY23 Lifestyle Brands 224 346 317 17.3% 21.8% 16.9% Other Businesses* -1 18 -23 -0.3% 6.4% -6.4% Madura Segment 223 364 294 14.6% 19.4% 13.1% Pantaloons Segment 197 216 168
Slide 29: YTD Q3 | ABFRL
YTD Q3 | ABFRL ABFRL Standalone ABFRL Standalone Particulars YTD Q3 YTD Q3 YTD Q3 Growth Growth (In Rs. Cr.) (Vs. YTD Q3 (Vs. YTD Q3 FY20 FY22 FY23 FY22) FY20) Revenue 6925 5643 9086 61% 31% EBITDA 1118 777 1447 86% 29% EBITDA M argin 16.1% 13.8% 15.9% EBIT 473 81 642 692% 36% PBT 169 -174 341 102%
Slide 30: YTD Q3 | Key Segments | Revenue
YTD Q3 | Key Segments | Revenue Consolidated Financials NSV Growth ( In Rs. Cr.) YTD Q3 FY20 YTD Q3 FY22 YTD Q3 FY23 vs FY20 vs FY22 Lifestyle Brands 3554 3180 5072 43% 60% Other Businesses* 651 642 960 47% 49% Madura Segment 4205 3822 6032 43% 58% Pantaloons Segment 2888 1951 3271 13% 68% Eliminati
Slide 31: YTD Q3 | Key Segments | EBITDA
YTD Q3 | Key Segments | EBITDA EBITDA EBITDA % Consolidated Financials YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 YTD Q3 ( In Rs. Cr.) FY20 FY22 FY23 FY20 FY22 FY23 Lifestyle Brands 632 477 869 17.8% 15.0% 17.1% Other Businesses* -7 19 4 -1.1% 3.0% 0.4% Madura Segment 625 496 873 14.9% 13.0% 14.5% Pantaloon
Slide 32: Performance of Key Portfolios
Distribution Network Market Update Performance Q3 Highlights of Key Portfolios Performance of Key Portfolios Company Financials
Slide 33: Key Portfolios
Key Portfolios Lifestyle Pantaloons Other Ethnic businesses Robust performance Business growth led Comprehensive Business grew despite led by rapid store by retail expansion portfolio growing at shift of Pujo and expansion and strong and amplified brand the back of network overall slowdown in growth
Slide 34: Lifestyle Brands
Lifestyle Brands £y ¥ V VAN HEUSEN Allen Solly ."@ PETER ENGLAND LOUIS PHILIPPE
Slide 35: Lifestyle Brands
Lifestyle Brands Highest ever quarterly revenue of Rs. 1,873 with 18% growth YoY LTL growth of 5% Renewed marketing investments (~3x of LY) during quarter Occasion and work wear witnessed robust growth Women’s business grew ~26% YoY Net Addition of 40 stores during quarter Small town format continue
Slide 36: Please click anywhere on the image to view the entire campaign
Please click anywhere on the image to view the entire campaign
Slide 37: Lifestyle Brands Channel-wise Revenue
Lifestyle Brands Q3 Channel-wise Revenue (in Rs. crore) vs. Vs. Q3FY20 Q3FY22 Q3FY23 FY22 FY20 Wholesale 394 374 374 - -5% Retail 642 834 1012 21% 58% Retail business grew by 21% over LY LTL growth of 5% Others 259 381 487 28% 88% Ecom continues to grow rapidly & profitably ~19% growth YoY 9M Channe
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Slide 39: Pantaloons
Pantaloons Highest ever quarterly revenue with ~9% growth over LY & LTL of 1.2% Growth impacted during the quarter Shift of Pujo to Q2 this year Smaller towns witnessed sluggish growth Value segment facing transient inflationary pressures Low consumer offtake seen post Diwali Added 10 stores to exit
Slide 40: Pantaloons Category and Ownership Mix
Pantaloons Category Mix Ownership Mix 10% 29% 15% 39% Q3 Q3 FY23 FY23 15% 61% 10% 21% Men Own Brands Women's Western MFL Women's Ethnic Others Kids Non Apps 9% 29% 16% 40% Q3 Q3 FY22 FY22 15% 62% 9% 20%
Slide 41: Other Business Segments
Active Athleisure Innerwear Youth Western Wear Super Premium Brands
Slide 42: Active Athleisure Innerwear
Active Athleisure Innerwear Revenue grew by ~10% over LY Innerwear segment grew 21% Athleisure growth impacted after 2 years of accelerated run Continued aggressive network expansion Added 48 EBOs to take total count to 159 Trade network with ~31000 outlets Launched its first-ever national televisio
Slide 43: Youth Western Wear
Youth Western Wear Revenue grew by 46% YoY LTL growth of 24% Added 5 new stores during the quarter Brand available@ 31 EBOs & 42 DS doors Revenue grew by 15% over LY Added 5 stores on net basis to the network Ecom business grew by ~40% YoY Own website revenue doubled over LY
Slide 44: Super Premium Brands
Super Premium Brands Delivered highest ever quarterly revenue with 43% YoY growth 24% LTL growth Accessories witnessed ~50% YoY growth Ecom revenue doubled YoY Thecollective.in registered 60%+ growth
Slide 45: Reebok
Reebok Successfully completed transition into ABFRL on 01st October 2022 Signed new brand ambassadors – Taapsee Pannu and Surya Kumar Yadav Relaunched Reebok.in Forayed into new product categories – Cricket, Tennis & Badminton
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Slide 47: Ethnic Subsidiaries
Ethnic Subsidiaries 4 Sen SHANTNU & NIKHIL PR. JAYPORE SABYASACHI 7 TASVA magaba
Slide 48: Jaypore
Jaypore Revenue grew by ~80% over LY Network expanded to 15 stores Continued to expand the brand franchise to Men’s & Home category
Slide 49: Shantnu Nikhil
Shantnu Nikhil Highest ever quarterly revenue with ~43% growth YoY Brand now available across 15 stores Extended the brand into sports inspired lifestyle category Launched Shantanu Nikhil Cricket Club (SNCC) by S&N
Slide 50: Sabyasachi
Sabyasachi Crossed 100 Cr. quarterly revenue up 23% YoY Accessories business grew at 44% Launched New York store in October Witnessed strong consumer traction Widely covered in Global media
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Slide 52: Tasva
Tasva Continued with aggressive store expansion Added 11 stores during Q3; Total 32 stores Launched its first national TV & Digital campaign Brand and products well recognized by the consumers & industry Won the Best Indian Menswear launch award – 2022 by GQ Touted as the Best Emerging Brand at the
Slide 53: Tasva Store, Fort, Mumbai
Tasva Store, Fort, Mumbai
Slide 54: House of Masaba
House of Masaba Highest ever quarterly revenue with 66% growth YoY LTL growth of 61% Lovechild added new categories such as fragrances
Slide 55: D2C Portfolio
D2C Portfolio Signed definite agreements to acquire 8 brands 6 of the above brands acquired and integrated Portfolio includes denims, Tshirts, athleisure, kids wear & lounge wear Leading denim lifestyle Fashion forward, Gen Z Youth focused D2C Leading kids and teen wear brand with winning focused ca
Slide 56: Company Financials
Distribution Network Market Update Q3 Company Highlights Financials Performance of Key Portfolios Company Financials
Slide 57: Consolidated Profit & Loss
Financials Consolidated Profit & Loss YTD Q3 YTD Q3 YTD Q3 Q3 FY20 Q3 FY22 Q3 FY23 In Rs. Cr. FY20 FY22 FY23 Revenue from Operations 2583 2987 3589 6956 5853 9538 Other Income 15 24 27 49 74 80 Total Income 2597 3011 3616 7005 5927 9618 EXPENSES Cost of Materials Consumed 171 254 288 563 548 915 Pur
Slide 58: Disclaimers
Disclaimers Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements” including, but not limited to, those relating to general business plans & strategy of Aditya Birla Fashion and Retail Limited (“ABFRL"), its future out
Aditya Birla Fashion and Retail — Q3 FY23 Earnings Presentation on 6ix