V-Mart Retail Limited has informed the Exchange about Investor Presentation
V MART
PRICE "LESS" FASHION
Ref. No. CS/S/L-567/2022-23
25th May, 2022
To: The Corporate Relationship Department
To: The Listing Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED THE BSELTD "Exchange Plaza" Bandra Kurla Complex, Bandra (E ), Mumbai -400 051 Scrip Code: VMART Fax: 022-26598120 Email: cmlist@nse.co.in
Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
Scrip Code: 534976 Fax: 022-22723121 Email: corp.relations@bseindia.com
Sub: Presentationto Analysts/Investors
Dear Sir/Madam,
Please find enclosed herewith the presentation being forwarded to Analysts/Investors on audited financial results of the Company for the fourth quarter and year ended31st March, 2022.
The above presentation is also available on the Company's website: http://www.vmart.co.in.
We request you to kindly take the above information on record.
Thanking you,
Yours Truly, For V-Mart Betaihkimited
Megha adon CompanySdereaygnd Compliance Officer Encl: As above
V-MART RETAIL LTD. CIN- L51909DL2002PLC163727 Corporate Office: Plot No. 862, Udyog Vihar, Industrial Area Phase V, Gurgaon 122 016 (Haryana) info@vmart.co.in Website : www.vmart.co.in Tel. 0124-4640030, Fax No. : 0124-4640046 Email
Registered Office 610-611, Guru Ram Dass Nagar, Main Market, Opp. SBI Bank, Laxmi Nagar, New Delhi - 110092
www.vmartretail.com
V-Mart Retail Ltd. Financial Results & Analysis Q4 FY’22
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 constitute an offer.
No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to the general business plans and strategy of V-Mart, its future financial condition and growth prospects, future developments in its industry and its competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, ‘horizons of growth’, ‘strong growth prospects’, etc., or similar expressions or variations of such expressions. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to risks with respect to its hair care, its healthcare business and its skin care business.
V-Mart may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation cannot be copied and disseminated in any manner.
No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of V-Mart. This presentation is strictly confidential.
Q4’22
Key Performance Highlights Financial Parameters Operational Parameters
3
Key Highlights: Q4 FY’22 vs. Q4 FY’21 Results
30% Revenue Growth
Vs Q4’21
(26) Net Profit / (loss)
Rs. Millions
16% 84% Revenue Contribution
V-Mart
Unlimited
91% 9% Revenue Contribution
Fashion
Kirana
307
73
No. of Stores
380 Number of Stores
V-Mart
Unlimited
Opened : 14
Closed : 8
4
Financial Parameters
Revenue (Rs. Millions)
4,588
+30%
16% from UL
Q4'22
EBITDA (Rs. Millions)
503
+50%
Q4'22
3,519
Q4'21
336
Q4'21
Sales Mix (%)
80.1%
78.0%
10.8%
12.6%
9.1%
9.4%
Apparels
Non Apparels
Kirana
PAT (Rs. Millions)
Q4'22
(26)
Q4'21
(15)
5
Operational Parameters
Footfall (Lacs)
80
+10%
72
Conversion Rate (%)
63%
61%
Q4'22
Q4'21
Q4'22
Q4'21
Transaction size (Rs.)
981
+15%
Average Selling Price (Rs.)
411
+26%
851
244
+21%
327
202
VM : 898 UL : 1776
Q4'22
VM : 220 UL : 523
VM : 384 UL : 568
Q4'21
Q4'22
Q4'21
Total
Apparel
6
FY’22
Key Performance Highlights Financial Parameters Operational Parameters
Key Highlights: FY’22 vs. FY’21 Results
55% Revenue Growth
Vs FY’21
116 Net Profit / (loss)
Rs. Millions
13% 87% Revenue Contribution
V-Mart
Unlimited*
*7 months
92% 8% Revenue Contribution Fashion Kirana
307
73
No. of Stores
380 Number of Stores
V-Mart
Unlimited
Opened : 113
Closed : 12
8
c
Financial Parameters
Revenue (Rs. Millions)
Sales Mix (%)
16,662
+55%
10,755
80.5%
78.8%
FY'22
FY'21
Apparels
Non Apparels
Kirana
11.0%
13.0%
8.4%
8.2%
EBITDA (Rs. Millions)
2,043
+56%
1,312
FY'22
FY'21
PAT (Rs. Millions)
116
FY'22
FY'21
(62)
PY
LY
9
Operational Parameters
Footfall (Lacs)
Conversion Rate (%)
289
+41%
63%
62%
205
FY'21
895
FY'22
Transaction size (Rs.)
974
+9%
VM : 903 UL : 2020
FY'22
FY'22
FY'21
Average Selling Price (Rs)
397
+16%
242
+10%
344
220
VM : 223 UL : 547
VM : 374 UL : 598
FY'21
FY'22
FY'21
Total
Apparel
10
Operational Parameters
Sales per sq feet (per month)*
559
+5%
Store Count (Nos)
166
142
530
104
*basis operational days, not comparable due to Covid impact
FY'22
FY'21
54
56
65
37
35
Tier 1
Tier 2
Tier 3
Tier 4
Tier 1
Tier 2
Tier 3
Tier 4
FY'22
Tier 1
Tier 2
Tier 3
Tier 4
FY'21
Same Store Sales Growth (%)**
Same Store Volume Growth (%)**
23.1%
FY'22
FY'21
-39.9%
**same store are stores opened till FY’19 (199 stores), not comparable due to Covid impact
21.0%
FY'22
FY'21
-40.6%
11
Operational Parameters
Expenses (% of Revenue)
Retail Space (Lacs Sq feet)
10.8%
10.9%
3.5%
3.3%
2.5%
1.7%
5.5%
4.0%
33
23
Manpower
Power
Advertisement FY'21
FY'22
Others
FY'22
YTD'21
Inventory (Days of Sales)
Shrinkage (% of Sales)
121
127
114
119
126
107
73
64
2.0%
1.3%
1.3%
FY'22
FY'21
Total
Apparel
Non-apparel
Kirana
Q4'22
-0.6%
Q4'21
FY'22
FY'21
Includes provision for obsolescence
12
Ind-AS 116 : P&L Impact (FY’22)
Particulars (impact on PBT) – FY’22
Rent Finance cost Depreciation & Amortization PBT Decreased By
“Changes due to Ind-AS 116 (increase) / decrease on PBT”
Pre Ind-AS 116 (A) 1,341 5 438
Post Ind-AS 116 (B) 90 772 1,307
INR Millions
Net Impact on PBT C = (B-A) (1,251) 767 869 384
13
Financial Review – Profit & Loss Statement
Particulars
Revenue from operations I. Other income II. Total Income (I + II) III. Total expenses (IV) IV (Loss)/profit before tax (III-IV) V Total tax expense* (VI) VI VII (Loss)/profit for the year (V-VI) VIII Other comprehensive (loss)/income IX X
Total comprehensive (loss)/income for the period (VII+VIII) (Loss)/Earning per share (Nominal value of Rs. 10 each)
(a) Basic (Rs.) (b) Diluted (Rs.)
* Tax expense includes deferred tax
INR millions (except per share data)
For the period ended
31.03.2022 (Audited)
31.03.2021 (Audited)
16,662 140 16,801 16,697 104 (12) 116 (19) 98
5.90 5.88
10,755 210 10,965 11,062 (97) (35) (62) (3) (65)
(3.37) (3.37)
14
c
EQUITY AND LIABILITIES Equity Equity share capital Other equity Total Equity ( E )
Liabilities Financial liabilities Lease liabilities
Employee benefit obligations Non-current liabilities (F)
Financial liabilities Lease liabilities
Trade payables Other Financial Liabilities Employee benefit obligations Liabilities for current tax (net) Other current liabilities Current liabilities (G) Total Liabilities (H = F+G) TOTAL EQUITY AND LIABILITIES (I = E+H)
Financial Review - Balance Sheet
As At March 31, 2022 March 31, 2021
As At
INR Millions
As At March 31, 2022 March 31, 2021
As At
ASSETS
Property, plant and equipment Capital work in progress Intangible assets Right-of-use assets Financial assets Investments Other financial assets Deferred tax assets (net) Other non-current assets Non-current Assets (A) Inventories Financial assets Investments Loans Cash and cash equivalents Other financial assets Other bank balances
Other current assets
Current Assets (A+B) TOTAL ASSETS (C = A+B)
197 8,055 8,252
5,308 73 5,381
370 1,917 102 32 121 90 2,632 8,013 16,265
197 8,299 8,496
8,429 109 8,538
593 2,906 212 41 116 93 3,961 12,499 20,995
2,795 64 32 8,283
38 370 386 44 12,011 6,682
1,211 5 330 2 20 733
8,983 20,995
1,758 22 28 5,180
36 143 253 27 7,446 4,283
3,154 1 238 710 37 398
8,819 16,265
15
Financial Review - CFS
Cash Flow Statement for the period
Cash flows from operating activities
Profit before Income Tax
Adjustments for :
Operating profit before working capital changes
Changes in working capital :
Cash flow from operations
Taxes paid (net of refunds)
Net cash flow (used in)/from operating activities (A)
Investing activities
Net cash flow (used in)/from investing activities (B)
Financing activities
Net cash from/(used in) financing activities (C)
Net increase/(decrease) in cash and cash equivalent (D = A+B+C)
• Net Capex : Rs. 1,494 million (previous year: Rs. 406 million )
INR Millions
For the period March 31, 2022 March 31, 2021
104
1,991 (1,985) 6 (118) (113)
(97)
1,346 182 1,528 (35) 1,493
1,237
(4,188)
(1,045) 80
2,869 174
16
FY’22
Store Geographical Spread Recent Campaigns Our Journey to “Omnipresence” Other Significant Updates
Total Stores as on March 31, 2022
States
No of Stores
Uttar Pradesh Bihar Jharkhand Tamil Nadu Karnataka Rajasthan West Bengal Madhya Pradesh Telangana Uttarakhand Andhra Pradesh Assam Jammu and Kashmir Odisha Gujarat Delhi Maharashtra Punjab Haryana Arunachal Pradesh Goa Himachal Pradesh Kerala Meghalaya Tripura Total Stores
122 55 24 22 20 17 17 14 14 10 9 8 8 8 7 6 5 5 3 1 1 1 1 1 1 380
279 Stores
19 States
380 Stores
25 States
Stores opened till FY’21
Stores opened during FY’22
Stores closed during FY’22
UL Stores acquisition
UL Stores concentration from low to high
As of 31st March 2021
As of 31st March 2022
Low Concentration
High Concentration
18
New Stores Addition (Q4’FY22)
`
State Uttar Pradesh Delhi Bihar Jharkhand Haryana Uttrakhand Madhya Pradesh West Bengal Total
No. of stores 4 2 2 2 1 1 1 1 14
19
Celebrating Festivals with Fashion & Happiness – Key Campaigns
Holi Celebrations Q4’ FY 22 (Click to View)
Eid Celebrations Q1’ FY23 (Click to View)
20
Our Journey to “Omnipresence” – Digital Business
V-Mart App
V-Mart on Marketplace
www.vmartretail.com
Myntra
Amazon
21
Other Significant Updates
2022
2022
Recognised as India's Best Workplaces in Retail 2022
Recognized as Masters of Risk- Retail & Consumer Sector in Mid Cap category, at 8th edition of CNBC - India Risk Management Awards 2022
22
Nurturing Growth with Sustainability
Launched Eco-friendly Products
Recycled Fabrics • Environment friendly • Yarn made from recycled fabric and
fiber waste
• 95% of less water usage • 30% of less CO2 emissions • 30% of less energy consumption
Green Denims • Usage of 50% renewable Energy • 100% utilization of cotton and yarn • Zero Solid & Liquid Discharge •
Less than 15 Liters of Water/Kilogram of Denim
23
www.vmartretail.com
Thank you!
In case of any queries, please contact the IR Team: ir_vmart@vmartretail.com