V-Mart Retail Limited has informed the Exchange about Investor Presentation
V MART
PRICE "LESS" FASHION
10th August, 2021
Ref. No. CS/S/L-516/2021-22
To: The Corporate Relationship Department
To: The Listing Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED THE BSE LTD "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: Presentation to Analysts/Investors Dear Sir/Madam,
Please find enclosed herewith the presentation being forwarded to Analysts/Investors on unaudited financial results of the Company for the first quarter ended 30t June, 2021.
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 Retail Limiged
Anand Agarwal Chief Financial 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) Tel.:0124-4640030, Fax No. 0124-4640046 Email: info@vmart.co.in Website: www.vmart.co.in 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. Review of Financial Results Q1 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.
April - June FY’22
Key Highlights Financial Parameters Operational Parameters
3
Key Highlights: April - June FY’22 vs. FY’21
• Number of Stores : 282 (opened : 3)
• Revenue grows by 127%
• Contribution of segment to total revenue :
o Fashion 91%
o Kirana 9%
• Net profit/(loss) : Rs. (287) million
4
Financial Parameters : April - June FY’22 vs. FY’21
Sales (Millions)
Sales Mix (%)
1,774
Q1'22
EBITDA (Millions)
Q1'22 -20
781
Q1'21
Q1'21
-58
80.0%
78.3%
10.7%
11.2%
9.3%
10.5%
Apparels
Non Apparels
Kirana
PAT (Millions)
Q1'22 -287
Q1'21
-336
CY
PY
5
Operational Parameters : April - June FY’22 vs. FY’21
FootFall (Lacs)
Conversion Rate (%)
31
Q1'22
Transaction size (Rs.)
848
15
Q1'21
824
70.7%
68.2%
Q1'22
Q1'21
Average Selling Price (Rs)
295
193
Total
Apparel
247
179
Q1'22
Q1'21
Q1'22
Q1'21
CY
PY
6
Operational Parameters : April - June FY’22 vs. FY’21
Sales per sq feet (per month)
Store Count (Nos)
533
357
Tier 1
Tier 2
Tier 3
Tier 4
65
143
139
38
36
59
35
33
Tier 1
Tier 2
Tier 3
Tier 4
Tier 1
Tier 2
Tier 3
Tier 4
YTD'22
YTD'21
Same Store Sales Growth (%)
YTD'22
YTD'21
Same Store Volume Growth (%)
YTD'22
YTD'21
YTD'22
YTD'21
-66.3%
-66.1%
-84.7%
-83.8%
CY
PY
7
Operational Parameters : April - June FY’22 vs. FY’21
Expenses (% of Sales)
Retail Space (Lacs Sq feet)
24.2%
18.8%
YTD'22
YTD'21
23.2
22.2
8.3%
5.3%
1.5%
0.2%
4.8%
5.3%
Manpower
Power
Advertisement
Others
YTD'22
YTD'21
Inventory (Days of Sales)
Shrinkage (% of Sales)
Total
Apparel
198
184
Non-apparel 201
Kirana
10.3%
10.3%
100
103
90
88
64
4.9%
4.9%
YTD'22
YTD'21
Q1'22
Q1'21
YTD'22
YTD'21
CY
PY
8
Ind-AS 116 : P&L Impact (FY’22)
Particulars (impact on PBT)
Rent Finance cost Depreciation & Amortization PBT
Pre Ind-AS116 (A) 261.37 1.00 86.76
Post Ind-AS116 (B) 15.57 155.90 254.73
(Rs. in million)
Net Impact on PBT (B-A) (245.80) 154.90 167.97 77.10
9
Financial Review – Profit & Loss Statement
Particulars
I. Revenue from operations II. Other income III. Total Income (I + II) IV Total expenses (IV) V (Loss)/profit before tax (III-IV) VI Total tax expense* (VI) VII (Loss)/profit for the year (V-VI) VIII Other comprehensive (loss)/income IX Total comprehensive (loss)/income for the period (VII+VIII) X (Loss)/Earning per share (Nominal value of Rs. 10 each)
(a) Basic (Rs.) (b) Diluted (Rs.)
* Tax expense includes deferred tax
Rs. in million (except per share data)
For the period ended
30.06.2021 (Unaudited)
30.06.2020 (Unaudited)
1,774 45 1,819 2,204 (385) (98) (287) (1) (288)
781 14 795 1,248 (453) (117) (336) (1) (337)
(14.57) (14.57)
(18.52) (18.52)
10
Financial Review - Balance Sheet and CFS
V-Mart Retail Limited Cash Flow Statement for the period ended June 30, 2021 For the period ended
For the period ended
June 30, 2021 March 31, 2021
(Rs. in million)
A. Cash flows from operating activities
Profit before Income Tax
Adjustment for:
Operating profit before working capital changes
Changes in working capital :
Cash flow from operations
Taxes paid (net of refunds)
Net cash flow from operating activities (A)
B. Investing activities
(385)
392
7
(207)
(200)
(49)
(249)
(97)
1443
1346
182
1528
(35)
1493
Net cash flow (used in)/from investing activities (B)
279
(4188)
C. Financing activities
Net cash from/(used in) financing activities (C)
(222)
2869
D. Net increase/(decrease) in cash and cash equivalents
(192)
174
(A+B+C)
• Net Capex : Rs. 366 million (previous year: Rs. 406 million) •
Free Cash Flows : Rs. -615 million (previous year: Rs. 1,087 million)
11
V-Mart Retail LimitedBalance Sheet as at June 30, 2021ParticularsAs at June 30, 2021As at March 31, 2021ASSETSNon-current assets Property, plant and equipment1,976.28 1,757.86 Right-of-use assets5,090.47 5,179.99 Capital work in progress32.77 21.90 Intangible assets25.07 27.57 Financial assets Investments36.65 36.20 Loans131.53 128.34 Other financial assets14.48 14.30 Deferred tax assets (net)350.97 252.72 Other non-current assets48.90 27.26 7,707.12 7,446.14 - - Current assets Inventories3,650.79 4,283.07 Financial assets Investments 2,535.92 3,153.64 Loans7.15 5.41 Cash and cash equivalents44.54 238.00 Other bank balances33.21 36.73 Other financial assets713.98 704.91 Other current assets368.52 397.52 7,354.11 8,819.28 15,061.23 16,265.42 - - EQUITY AND LIABILITIESEquity Equity share capital197.11 197.06 Other equity7,795.09 8,055.21 7,992.20 8,252.27 - - LiabilitiesNon-current liabilitiesFinancial liabilities Borrowings- - Lease liabilities5,276.05 5,307.84 Employee benefit obligations78.68 73.43 5,354.73 5,381.27 - - Current liabilities Financial liabilities Borrowings22.46 - Lease liabilities384.69 370.19 Trade payables a) total outstanding dues of MSME 191.11 558.87 b) total outstanding dues of other than MSME 850.49 1,357.95 Other financial liabilities93.13 102.03 Employee benefit obligations30.60 32.07 Liabilities for current tax (net)74.15 121.18 Other current liabilities67.67 89.59 1,714.30 2,631.88 15,061.23 16,265.42 Stores Geographic Spread Q1 FY’22
12
Stores Geographical Spread Stores Geographical Spread
13
Stores opened till FY21279Stores Opened during FY2203Stores closed during FY220StatesExistingNewClosedTotalAssam99ArunachalPradesh11Bihar5151Chandigarh11Delhi33Gujarat66Haryana11Himachal Pradesh22J&K88Jharkhand200222MP1515Meghalaya11Nagaland11Odisha88Punjab44Rajasthan1616UP1101111Uttarakhand88West Bengal1414Total no of279030282Stores www.vmartretail.com
Thank you….!!
In case of any queries, please contact the IR Team:
Girish Garg - girish.garg@vmart.co.in