V2 Retail Limited has informed the Exchange regarding Investor Presentation
V2 Retail Limited
Date: July 30, 2019
To
National Stock Exchange of India Limited Exchange Plaza, Plot No. C/I, G Block, BandraKurla Complex. Bandra(East) Mumbai-40005 1, NSE Code- V2RETAIL
BSE Limited 25th floor,;;PhirozeJeejeebhoy Tower ' Dalai Street. Narimal Point, Mumbai-400001 BSE Code-532867
Sub: Pursuant to Regulation 30 of SEB] (Listing Ob]igations and Disc]osure ]iequirements) Regu[ations 2015:- Q] FY20 Resu]t Update
Dear Sir/Madam
Pursuant to Regulation 30 of S!!Bt (L:ish!!z {)bUgations and Disclosure Requirements) B99!!!g!!QQ£2l115.Please find enclosed herewith QI FY20 Result IJpdate.
Please treat this as intimation to your exchange as per the DEBI(Listing Obligations and Disclosure Requirements) Regulations 201 5
This is for your infomiation and record
Yours Truly
For V2 Retail l3rbited
Compliance Officer
Khasra No. 91 9,921 ,926,928, Extended Lal Dora Abadi Village Kapashera Teshil Vacant Vihar, South West Delhi-110037 Land Mark:- Fun N Food Village Amusement Park . Tel.: O11..41771850 E-mail : customercare@vrl.net.in, cs@vrl.net.in ' Website: www.v2retail.com . CIN : L74999DL2001 PLC147724
Q1 FY20 Result Update July 2019
1
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.
2
Q1 FY20 Highlights
3
Highlights Q1 FY20
REVENUE
Growth of 8% from ₹ 1,878 Mn in Q1 FY19 to ₹ 2,023 Mn in Q1 FY20
EBIDTA
EBIDTA for Q1 FY20 stood at ₹276 Mn EBIDTA for Q1 FY19 stood at ₹ 199 Mn
₹
GROSS PROFIT
Decline of 6% from ₹ 630 Mn in Q1 FY19 to ₹ 591 Mn in Q1 FY20. Gross margin stood at 29.2% for Q1 FY20
PBT
₹
PAT
PBT for Q1 FY20 stood at ₹77 Mn PBT for Q1 FY19 stood at ₹178 Mn
Growth of 1.3% from ₹ 112 Mn in Q1 FY19 to ₹ 114 Mn in Q1 FY20
IND AS 116 became applicable effective annual reporting period beginning April 1, 2019. The Company has adopted the standard, using the modified
retrospective approach for transition. As such EBIDTA and PBT figures may not be exactly comparable with other periods
4
Highlights Q1 FY20
Number of stores at 77 in Q1 FY20 (addition 1, close 1)
Same Store Sales growth (8)% in Q1 FY20.
Revenue growth of 8% to ₹ 2,023 Mn
ASP for Q1 FY20 was ₹262. Average Bill Value for Q1 FY20 was ₹ 750
Sales per Square feet (per month) is ₹ 767
5
Highlights Q1 FY20 & FY19
Revenue (₹ Million)
Gross Profit (₹ Million) and Gross Profit Margins
EBIDTA (₹ Million) and EBIDTA Margins
Profit After Tax (₹ Million)
IND AS 116 became applicable effective annual reporting period beginning April 1, 2019. The Company has adopted the standard, using the modified retrospective
approach for transition. As such EBIDTA and PBT figures may not be exactly comparable with other periods
6
Financial Q1 FY20 & FY19
^ Not Annualised
IND AS 116 became applicable effective annual reporting period beginning April 1, 2019. The Company has adopted the standard, using the modified
retrospective approach for transition. As such EBIDTA and PBT figures may not be exactly comparable with other periods
7
Particulars (₹ million)Q1 FY20Q1 FY19Q4 FY19FY2019Revenue from Operations2,023 1,878 1,639 7,484 Total Income2,025 1,885 1,656 7,583 Gross Profit591 630 481 2,421 GP Margin (%)29%34%29%32%EBIDTA276 199 43 469 EBIDTA Margin (%)14%11%3%6%Other Income2 8 16 99 Depreciation126 29 43 144 Finance Cost74 - 2 7 PBT Before Exceptional Item7717815417 PBT Margin (%)4%9%1%5%Exceptional Item (Gain) / Loss- - - 266 PAT114 112 42 205 PAT Margin (%)6%6%3%3%Total Comprehensive Income114 112 42 204 EPS Basic (₹ per share)^3.36 3.26 1.23 6.02 EPS Diluted (₹ per share)^3.36 3.26 1.23 6.02 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 (5) & Tripura (1)
Guwahati 1; Guwahati 2; Silchar; Barpeta; Jorhat; 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 (16)
Gorakhpur 1; Gorakhpur 2; Azamgarh; Jaunpur; Sitapur; Varanasi; Padrauna; Gazipur; Pratapgarh; Mau; Farrukhabad; Lucknow 1; Behraich; Lucknow 2, Firozabad, Akbarpur
Odisha (7)
Cuttack; Berhampur; Bhuwaneshwar 1; Jeypore; Bhuwaneshwar 2; Bhuwaneshwar 3, Jajpur
88
Our Brands
JEYPORE, ORISSA
Banka, Bihar
9
New Stores addition during Q1 FY20
JEYPORE, ORISSA
Banka, Bihar
▪Jorhat, Assam
10
Promotions – Campaigns Q1 FY20
11
Sr. NoCampaignLaunch1Bihu/Chaitra SaleApr-20192Ugadi SaleApr-20193Summer SaleApr-20194Eid SaleMay-20195Sale DhamakaMay-20196Occasion Wear SaleJun-20197Rajo Utsav SaleJun-2019 Promotions – Campaigns Q1 FY20
12
Promotions – Campaigns Q1 FY20
13
Promotions – Campaigns Q1 FY20
14
Key Financial Indicators
Financial Highlights – Profit & Loss Account
₹ in Million
CAGR 27%
34%
62%
* FY 2014 to FY 2016 as per IGAAP
1616
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
17
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
18
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)
19
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. Umesh Kumar (Company Secretary & Compliance Officer) V2 Retail Limited Tel : +91-11-41771850 Email : cs@vrl.net.in
20