V-Mart Retail Ltd · NSE:VMART
V-Mart Retail — Q2 FY2020 Earnings Presentation
20 slides from V-Mart Retail's earnings presentation, November 2019
Slide 1: Price "Less" Fashion
Click to edit Master subtitle style 11/2/2019 1 11/2/201911/2/2019 Price “Less” Fashion 1 1
Slide 2: Disclaimer
Disclaimer This investor 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 shou
Slide 3: Key highlights: Apr-Sep FY'20 results
Key highlights : Apr-Sep FY’20 vs FY’19 results • Number of Stores increases to 239 (add : 27 close : 0) • Revenue grows by 23% • Same Store Sales growth : Company 3%, Volume 0% • Sales per sq. feet (per month) : Rs. 728 • Contribution of segment to total revenue : • Fashion 92% • Kirana 8% Click to
Slide 4: Financial Parameters: Apr-Sep
Financial Parameters : Apr-Sep FY’20 vs FY’19 Sales (Rs. Mn) Sales Mix (%) YTD'20 YTD'19 7,672 80.0% 6,234 90.00% 79.5% 8,000.00 80.00% 7,000.00 70.00% 6,000.00 60.00% 5,000.00 50.00% 4,000.00 40.00% 3,000.00 30.00% 2,000.00 12.3% 13.3% 20.00% 7.7% 7.2% 1,000.00 10.00% 0.00 YTD'20 YTD'19 0.00% Appar
Slide 5: Operational Parameters: Apr-Sep
Operational Parameters : Apr-Sep FY’20 vs FY’19 Footfall (lakhs) Conversion Rate (%) 196 58.5% 59.8% 166 70.0% 200.0 60.0% 150.0 50.0% 40.0% 100.0 30.0% 20.0% 50.0 10.0% 0.0 0.0% YTD'20 YTD'19 YTD'20 YTD'19 Transaction size (Rs.) Total Apparel Average Selling Price (Rs) 800.0 729 Click to edit Maste
Slide 6: Operational Parameters: Apr-Sep
Operational Parameters : Apr-Sep FY’20 vs FY’19 Sales per sq feet (per month) Store Count (Nos) Tier 1 Tier 2 Tier 3 Tier 4 728 135 740 140 121 800 700 120 600 100 500 80 400 44 300 60 28 32 32 200 40 18 19 100 20 - YTD'20 YTD'19 0 YTD'20 YTD'19 Same Store Sales Growth (%) Same Store Volume Growth (
Slide 7: Operational Parameters: Apr-Sep
Operational Parameters : Apr-Sep FY’20 vs FY’19 Expenses (% of Sales) Retail Space (lakhs Sq feet) YTD'20 YTD'19 9.9% 20 10.0% 9.4% 9.0% 16 20.0 8.0% 7.0% 6.0% 4.9% 15.0 5.0% 4.0% 4.0% 4.1% 3.7%* 4.0% 2.6% 3.0% 2.5% 10.0 2.0% 0.7% 0.7% 0.6% 1.0% a 0.0% 5.0 0.0 YTD'20 YTD'19 Inventory (Days of Sales)
Slide 8: Key highlights of Q2 results
Key highlights of Q2 FY’20 vs FY’19 results • Revenue grows by 20% • Same Store Sales growth : Company 1%, Volume (8%) • Sales per sq. feet (per month) : Rs. 590 • Stores count increases to 239 (add : 14 close : 2) • Contribution of segment to total revenue • Fashion 90% • Kirana 10% • Net profit/(l
Slide 9: Financial Parameters – Q2
Financial Parameters – Q2 FY’20 vs FY’19 Sales (Rs. Mn) Sales Mix (%) Q2'20 Q2'19 3,142 77.0% 76.5% 3,500.00 2,622 80.00% 70.00% 3,000.00 60.00% 2,500.00 50.00% 2,000.00 40.00% 1,500.00 30.00% 1,000.00 13.0% 14.5% 10.0% 9.0% 20.00% 500.00 10.00% 0.00 0.00% Q2'20 Q2'19 Apparels Non Apparels Kirana EB
Slide 10: Operational Parameters – Q2
Operational Parameters – Q2 FY’20 vs FY’19 Footfall (lakhs) Conversion Rate (%) 84 59.5% 59.2% 77 70.0% 90.0 80.0 60.0% 70.0 50.0% 60.0 40.0% 50.0 30.0% 40.0 30.0 20.0% 20.0 10.0% 10.0 0.0% 0.0 Q2'20 Q2'19 Q2'20 Q2'19 Average Selling Price (Rs) Transaction size (Rs.) Total Apparel 298 800.0 709 Clic
Slide 11: Ind-AS – Leases
V-MART RETAIL LTD. Ind-AS 116 – Leases Introduction MCA has mandated a new Accounting Standard IND-AS 116 for Accounting for Leases with effect from April 1, 2019 Impact • Requires lessee to recognize on Balance Sheet measured at present value of minimum lease payments to be made over the lease peri
Slide 12: Ind-AS: P&L Impact (H1 FY'20)
V-MART RETAIL LTD. Ind-AS 116 : P&L Impact (Rs. in million) Adjustments to increase / (decrease) Reported Ind-AS 1 16 Comparable in PAT H1FY'20 adjustment H1FY'20 Revenues 7,672 4 7,668 Rent 54 (381) 435 Total Other expenses (incl. Rent) 913 (381) 1294 Finance cost 251 240 11 Depreciation & Amortiza
Slide 13: Ind-AS: P&L Impact (Q2'20)
V-MART RETAIL LTD. Ind-AS 116 : P&L Impact (Rs. in million) Adjustments to increase / (decrease) Reported Ind-AS 1 16 Comparable in PAT Q2’20 adjustment Q2'20 Revenues 3,142 2 3,140 Rent 30 (194) 224 Total Other expenses (incl. Rent) 476 (194) 670 Finance cost 131 122 9 Depreciation & Amortization 2
Slide 14: Statement of Profit and Loss
` in million (except per share data) For the period ended Particulars 30.09.2019 30.09.2018 (Unaudited) (Unaudited) I. Revenue from operations 7,672 6,234 II. Other income 33 19 III. Total Revenue (I + II) 7,705 6,253 IV Total Expenses (IV) 7,675 5,976 V Profit before tax (III-IV) 30 277 VI Total ta
Slide 15: Statement of Assets and Liabilities; Cash Flow Statement
(` in million, unless stated otherwise) Statement of As s ets and Liabilities : V-Mart Retail Limited Particulars As at As at Sept. 30, 2019 March 31, 2019 (Un-audited) (Audited) Cash Flow Statement for the period ended September 30, 2019 I ASSETS Non-current as s ets For the period For the period P
Slide 16: Click to edit Master subtitle style
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Slide 17: Store presence by state
States Existing New Closed Total Assam 6 3 9 Bihar 41 3 44 Chandigarh 1 1 Delhi 3 1 2 Gujarat 6 6 Stores opened till FY19 214 Haryana 1 1 J&K 5 1 6 Stores Opened Jharkhand 17 3 1 19 during FY20 27 MP 8 3 11 Meghalaya 1 1 Stores closed 02 Nagaland 0 1 1 during FY20 Odisha 10 10 Punjab 3 1 4 Rajasthan
Slide 18: Retail space by state
Retail Space (Sq S. No. State ft) 1. Uttar Pradesh 13661 2. Rajasthan 17863 3. Punjab 9350 4. Nagaland 7421 5. Jharkhand 12792 6. West Bengal 25422 7. Bihar 5942 8. Assam 5646 9. Madhya Pradesh 8912 “Price Price “Less” Less‟ Fashion”, Fashion
Slide 19: Campaign Period
Campaign Period EOSS July EOSS August Rakshabandhan August Durga Puja September “Price Price “Less” Less‟ Fashion”, Fashion
Slide 20: Thank you
Thank you In case of any queries, pls contact the IR Team : Girish Garg – [email protected] Click to edit Master subtitle style 11/2/2019 20 11/2/2019 Price “Less” “Price Fashion Less‟ Fashion”, 20