V2 Retail Limited has informed the Exchange regarding Investor Presentation
V2 Retail Limited
Date: May 10, 2019
To
National Stock Exchange of India Limited Exchange Plaza, Plot No. C/I , G Block, BandraKurla Complex, Bandra(East) Mumbai-400051, NSE Code- V2RETAIL
BSE Limited i5u floor,;;PhirozeJeejeebhoy Tower' Dalai Street, Narimal Point, Mumbai-400001 BSE Code-532867
Sub: Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015:- Q4 FY19 Result Update
Dear Sir/Madam
Pursuant to Regulation 30 of SEAL (!:i$!!nl Obljggtions and Disclosure Requirements) Rgg!!!gljQ!!g2Ql5.Please find enc]osed herewith Q4 FY]9 Result Update.
Please treat this as intimation to your exchange as per the SEBI(Listing Obligations and Disclosure Requirements) Regulations 201 5
This is for your information and record
Yours Truly
For
$
an
& Compliance Officer
Khasra No. 919,921 ,926,928, Extended Lal Dora Abadi Village Kapashera Teshil Vasant Vihar, South West Delhi -110037 Land Mark:- Fun N Food Village Amusement Park . Tel.: 011-41771850 E-mail : customercare@vrl.net.in, cs@vrl.net.in . Website: www.v2retail.com . CIN : L74999DL2001 PLC147724
Q4 FY19 Result Update May 2019
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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, and shall not form the basis or be relied on in connection with any contract or binding commitment
whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the
Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth,
accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive
and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission
from, this Presentation is expressly excluded.
This presentation contains certain forward looking statements concerning the Company’s future business prospects and business
profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such
forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and
uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international),
economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts,
our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs
generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward
looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company.
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Q4 FY19 Highlights
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Highlights Q4 FY19
REVENUE
Growth of 29% from ₹ 1,266 mn in Q4 FY18 to ₹ 1,639 Mn in Q4 FY19
EBIDTA
Growth of 43% from ₹ 30 Mn in Q4 FY18 to ₹ 43 Mn in Q4 FY19
₹
GROSS PROFIT
Growth of 25% from ₹ 384 Mn in Q4 FY18 to ₹ 481 Mn in Q4 FY19. Gross margin stood at 29.3% for Q4 FY19
PBT
₹
PAT
Decline of 47% from ₹ 28 Mn in Q4 FY18 to ₹ 15 Mn in Q4 FY19 (before exceptional item)
Growth of 15% from ₹ 36 Mn in Q4 FY18 to ₹ 42 Mn in Q4 FY19
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Highlights Q4 FY19
Number of stores increased to 77 in Q4 FY19 (addition 3)
Same Store Sales growth (4.6)% in Q4 FY19. ASP for Q4 FY19 was ₹ 291
Revenue growth of 29% to ₹ 1,639 mn. Average Bill Value for Q4 FY19 was ₹ 783
Increase in Gross Profit by 25% to ₹ 481 mn
Sales per Square feet (per month) is ₹ 605
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Highlights FY19
REVENUE
Growth of 34% from ₹ 5,594 Mn in FY18 to ₹ 7,484 Mn in FY19
EBIDTA
Decline of 9% from ₹ 517 Mn in FY18 to ₹ 469 Mn in FY19
₹
GROSS PROFIT
Growth of 34% from ₹ 1,804 Mn in FY18 to ₹ 2,421 Mn in FY19. Gross margin stood at 32.3% for FY19
PBT
₹
PAT
Decline of 9% from ₹ 460 Mn in FY18 to ₹ 417 Mn in FY19 (before exceptional item)
Decline of 34% from ₹ 310 Mn in FY18 to ₹ 204 Mn in FY19. Exceptional Item for FY19 stood at ₹ 266 Mn as against ₹ NIL for FY18
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Highlights FY19
Number of stores increased to 77 in FY19 (addition 31, close 3)
Same Store Sales growth (4.9)% in FY19. ASP for FY19 was ₹ 273
Revenue growth of 34% to ₹ 7,484 mn. Average Bill Value for FY19 was ₹ 789
Increase in Gross Profit by 34% to ₹ 2,421 mn
Sales per Square feet (per month) is ₹ 792
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Highlights Q4 FY19 & FY19
Revenue (₹ Million)
Gross Profit (₹ Million) and Gross Profit Margins
EBIDTA (₹ Million) and EBIDTA Margins
Profit before Tax & Exceptional items (₹ Million)
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Financial Q4 FY19 & FY19
^ Not Annualised
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Particulars (₹ million)Q4 FY19Q3 FY19Q4 FY18FY19FY18Revenue from Operations1,639 2,411 1,266 7,484 5,594 Other Income16 23 21 99 33 Total Revenue1,656 2,434 1,287 7,583 5,627 Total Expenses1,641 2,146 1,259 7,166 5,167 Profit before tax and Exceptional Items15 288 28 417 460 Exceptional Items- 13 - 266 - Profit before Tax15 275 28 151 460 Total Tax Expense(27) 39 (10) (54) 149 Profit for the period42 236 37 205 311 Total Comprehensive Income42 236 36 204 310 EPS Basic (₹ per share)^1.23 6.93 1.16 6.02 9.62 EPS Diluted (₹ per share)^1.23 6.88 1.16 6.02 9.62 Store Presence Jammu & Kashmir (2)
Kathua; Jammu
Himachal (1)
Solan
NCR (3)
Mahipalpur; Faridabad; Kapasehra
Rajasthan (1)
Kota
Madhya Pradesh (3)
Jabalpur; Sagar; Rewa
Goa (1)
Panaji
Telangana (1)
Hyderabad
Karnataka (6)
Hubli; Belgaum, Udupi, Vijaynagar, Davanagere, Gulbarga
Arunachal (1)
Itanagar
Assam (4) & Tripura (1)
Guwahati 1; Guwahati 2; Silchar; Barpeta, Agartala
Bihar (18)
Patna ; Gaya; Darbhanga; Bhagalpur; Bettiah; Arrah; Purnia; Chapra; Siwan; Bihar Sharif; Begusarai; Sitamarhi; Motihari; Saharsa; Lakhisarai, Samastipur, Barh; Banka
Jharkhand (7)
Jamshedur; Ranchi; Hazaribagh; Deogarh; Rajdhanwar, Chas, Dumka
Uttarakhand (4) Haldwani; Roorkee; Haridwar, Khatima
Uttar Pradesh (17)
Gorakhpur 1; Gorakhpur 2; Azamgarh; Jaunpur; Sitapur; Varanasi; Padrauna; Gazipur; Pratapgarh; Mau; Farrukhabad; Lucknow 1; Behraich; Lucknow 2, Firozabad, Akbarpur; Bhagel
Odisha (7)
Cuttack; Berhampur; Bhuwaneshwar 1; Jeypore; Bhuwaneshwar 2; Bhuwaneshwar 3, Jajpur
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Stores additions – Q4 FY19
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Sr. No.StateCityTier1RewaMadhya PradeshTier 32BankaBiharTier 33PadraunaUttar PradeshTier 3 New Stores additions during Q4 FY19
JEYPORE, ORISSA
Rewa, MP
Banka, Bihar
Padrauna, UP
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Promotions – Campaigns Q4 FY19
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Sr. NoCampaignLaunch1BIG REPUBLIC SALEJan-192VASANT PANCHAMI Feb-193SALE DHAMAKAFeb-194HOLI DHAMAKA SALEMar-19 Promotions – Campaigns Q4 FY19
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Promotions – Campaigns Q4 FY19
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Key Financial Indicators
Financial Highlights – Profit & Loss Account
₹ in Million
CAGR 27%
34%
62%
* FY 2014 to FY 2016 as per IGAAP
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Particulars FY2014FY2015FY2016FY2017FY2018FY2019Revenue from Operations2,289 2,868 3,199 4,720 5,594 7,484 Growth (%)114%25%11%47%19%34%Gross Profit567 814 956 1,388 1,804 2,421 GP Margin (%)25%28%30%29%32%32%EBIDTA42 277 314 415 517 469 EBIDTA Margin (%)2%10%10%9%9%6%Other Income22 25 25 16 33 99 Depreciation35 21 44 61 84 144 Finance Cost81 97 132 86 6 7 PBT Before Exceptional Item(51) 184 163 283 460 417 PBT Margin (%)-2%6%5%6%8%6%Exceptional Item (Gain) / Loss233 266 Profit for the period(45) 98 122 390 311 205 PAT Margin (%)-2%3%4%8%6%3%Total Comprehensive Income(45) 98 122 390 310 204 Financial Highlights – Balance Sheet
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Particulars (₹ in Mn)FY2019FY2018Particulars (₹ in Mn)FY2019FY2018ASSETSEQUITY AND LIABILITIESNon-current assetsEquityProperty, plant and equipment977 624 Equity share capital341 339 Capital work-in-progress- 7 Other equity 2,613 2,400 Other intangible assets21 1 Total - Equity2,954 2,740 Intangible assets under development41 59 Financial assetsLIABILITIESLoans48 34 Non-current liabilitiesOther financial assets16 8 Borrowings10 - Deferred tax assets (net)110 48 Financial liabilities1 1 Income tax assets (net)17 39 Provisions17 12 Other non-current assets219 212 Other non-current liabilities45 21 Total - Non-Current Assets1,448 1,033 Total non-current liabilities72 34 Current assetsInventories2,711 1,602 Current liabilitiesFinancial liabilitiesFinancial assetsBorrowings93 - Investments- 897 Trade payables1,394 1,003 Cash and cash equivalents83 48 Other financial liabilities 19 28 Other financial assets10 6 Provisions10 7 Other current assets266 184 Other current liabilities20 21 Total - Current Assets3,070 2,737 Total - Current liabilities1,536 1,059 Assets classified as held for sale124 124 Liabilities directly associated with assets classified as held for sale81 62 TOTAL - ASSETS4,643 3,894 TOTAL - EQUITY AND LIABILITIES4,643 3,894 Robust Financial Performance
Revenue (₹ Million)
EBIDTA (₹ Million) and EBIDTA Margins
PBT (₹ Million) and PBT Margins
PAT (₹ Million) and PAT Margins
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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)
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Thank You
For further information please contact:
Investor Relation Advisors: Company:
Dr. Rahul Porwal Marathon Capital Advisory Private Limited Tel : +91-22-40030610 Email : rahul@marathoncapital.in
Mr. Vipin Kaushik (CFO) V2 Retail Limited Tel : +91-11-41771850 Email : vipin.kaushik@v2retail.net.in
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