Investor Update Q2 FY15 (July September 2014)

Transcription

1 Investr Update Q2 FY15 (July September 2014)

2 Snapsht Business Highlights Q2 FY15 Ttal incme frm peratins f Rs. 892 cr fr Q2 FY15, a 25.6% grwth ver Q2 FY14 Reprted SSGs f 7.5% in retail and 8.7% in Central Reprted EBITDA margins f 10.8% in Q2 FY15 cmpared t 10.7% in Q2 FY14 During the quarter, FLF added 0.57 millin sq ft f grss retail space which included 5 Central, 2 Brand Factry, 7 all, 2 Planet Sprts and 26 ther utlets Business Highlights H1 FY15 Ttal incme frm peratins f Rs.1,591 cr fr H1 FY15, a 18.2% grwth ver H1 FY14 Maintained EBITDA margins f 11.4% in H1 FY15 During the H1 FY14, added 0.67 millin sq ft f grss retail space which included 5 Central, 3 Brand Factry,10 all, 2 Planet Sprts and 50 ther utlets Strategic Initiatives Annunced a strategic alliance with Amazn.in t leverage the nline platfrm fr retailing FLF s prtfli f fashin brands Annunced a partnership with dunnhumby fr custmer data analysis Enrlled ver 1 millin custmers in the mnth f Octber as part f The 12 Mnths Free Shpping Festival Crprate Actins Increased stake in Famzi brand frm 11% t 30% Divested 31.5% stake in Celi, a French men s wear brand, FLF cntinues t hld 3.5% stake in this entity Bard f Directrs and sharehlders apprved a Rs. 175cr preferential alltment t the Prmter

3 Brand Business Highlights Grwth and Expansin f Brand Outlets Scullers at Capitl Mall, Kannur Opened 9 Exclusive Brand Outlets (EBOs) strengthening presence in cities including Kchi, Kannur, Vijayawada, Delhi and Hyderabad Als established presence in new cities like Bikaner and Ganganagar in Rajasthan and Amaravati in Maharashtra During the quarter, added 7 franchise stres in Jaipur, Nashik, Bengaluru, Agartala and captured new cities including Calicut and Karimnagar Lee Cper pened 3 exclusive utlets in Jaipur and Mangalre all pened 7 utlets in Nashik, Chennai, Mangalre, Mhali, Hyderabad and Siliguri Urbana, Manchester United and Scullers at Hyderabad Airprt Scullers at PVP Mall, Vijaywada Indig Natin / Scullers at Kchi

4 Brand Business Highlights Scullers Kids unveils The Autumn Winter Cllectin with Smile Fundatin This is Life cllectin is a range f smart casuals designed in clrs and fabrics that are timeless in nature Explrer cllectin is mre f the rugged yet cmfrtable casuals designed fr utdrs Umbr, launched the 5-a-side cmpetitin with an aim t develp and ppularize ftball in India Cnverse was awarded the Best Men s Ftwear Brand at the Myntra Brand Summit 2014 held in September 2014

5 Launch f AW 14 Cllectin Acrss Brands

6 Grwth & Expansin in Distributin Netwrk Retail Presence: Operates 4.98 millin square feet f retail space acrss fashin frmats (including EBOs) New Stre Openings: Added ~0.57 millin sq ft f grss space during the quarter Central pened 5 stres in the quarter Establishing presence in Patna, Mhali, and Mangalre Stre Netwrk as f 30th September 2014 Retail space Frmat # f stres (mn sq ft) Central Brand Factry all Planet Sprts & Other EBOs and Others Grand Ttal Strengthening its presence in Pune and Hyderabad Planet Sprts & Other includes Cnverse, Skechers & ther sprtswear frmats EBO and Others includes franchise, I am In, BARE and Lee Cper brand stres. Brand Factry pened its drs in Gwalir and Guwahati I am In, the utlet targeting the yuth, entered Pune and Chandigarh with its first stre in these cities Other Highlights SSGs (%) 8.7% Central launched a mnth-lng campaign celebrating the csmetic festival With such a well-executed 360-degree campaign, the csmetic categry delivered phenmenal grwth Central s lingerie categry team bags tw awards at Triumph India s Annual Awards Ceremny 7.5% Retail Central First award was fr Excellence in Business Innvatin Secnd award was fr Highest LTL Grwth fr the year

7 Retail Netwrk Created During the Quarter Stres Opened During the Quarter Frmat Date f pening Sq. Ft. Lcatin Central Sep-14 1,03,894 Mhali Sep-14 64,965 Pune Sep-14 1,08,523 Hyderabad Sep-14 1,03,561 Patna Sep-14 77,161 Mangalre Stres Opened During the Quarter Frmat Date f pening Sq. Ft. Lcatin all Jul Chennai Jul-14 1,268 Chennai Jul-14 1,856 Nashik Aug-14 1,403 Mangalre Aug-14 1,139 Mhali Sep-14 1,066 Hyderabad Stres Opened During the Quarter Frmat Date f pening Sq. Ft. Lcatin Brand Factry Sep-14 26,543 Gwalir Sep-14 33,228 Guwahati Sep-14 1,386 Siliguri Stres Opened During the Quarter Frmat Date f pening Sq. Ft. Lcatin I am In Aug-14 5,247 Pune Sep-14 8,267 Chandigarh Stres Opened During the Quarter Frmat Date f pening Sq. Ft. Lcatin Planet Sprts Aug-14 1,364 Surat Jul-14 4,150 Mangalre

8 Building Synergies with Glbal Partners Strengthening nline presence by partnering: In Octber 2014, Future Grup annunced a strategic alliance with Amazn.in that will leverage the strng prduct knwledge, extensive brand prtfli and surcing base f Future Grup, and the ecmmerce platfrm, custmer base and reach f Amazn.in Partnership will initially fcus n the Future s Grup fashin brands and will subsequently cver all ther categries Fashin brands Lee Cper, Cnverse, Indig Natin, Scullers r Jealus21, amng thers will be retailed exclusively nline thrugh Amazn.in platfrm Partnership will prmte existing and new brands in markets, explre c- branding pprtunities and accelerate new prduct develpment in categries which are currently nt served by retailers Partnership Aims t Blend Cnsumer Science with the Largest Cache f Cnsumer Data in India In Octber 2014, Future Grup entered int a jint venture partnership with dunnhumby, the wrld s leading custmer science cmpany dunnhumby will leverage the extensive cnsumer data generated frm the grup s retail netwrk and wrk clsely with the retailer and its suppliers t mre effectively segment and engage with its custmers dunnhumby will bring n bard its tls, knwledge and experience t leverage this data t uncver valuable insights n what custmers want, where they want it, and hw much they re willing t pay fr it These insights will be translated int actins, ffering persnalized experiences, in and ut f stre, nline and ff dunnhumby perates similar jint venture partnerships with retailers acrss the glbe including the Krger C. in the U.S., Metr in Canada, Grupp Pam in Italy, and Cp in Nrway

9 Initiative n Strengthening Custmer Lyalty Future Grup Shpping Festival (FGSF): In Octber, fr the first time Future Grup ffered custmers Cash back f up t Rs 3,00,000 that they can use fr free shpping fr the next ne year 11 leading Future Grup frmats have cme tgether in ver 100 cities, The 12 Mnths Free Shpping Festival This initiative will target the higher-ticket size, premium custmers wh can be serviced acrss all grup frmats Over 1 millin custmers were enrlled and these custmers are expected t visit ur stres at least 12 times in a year

10 Crprate Actins Investment / Divestments: On 8 th August 2014, FLF made further investments in Eclat Lifestyle Private Limited, engaged in the business f ftwear under the Famzi brand Increased its stake in Eclat frm 11% t 30% On 10th Octber 2014, FLF annunced divestment f 31.5% stake in Celi Future Fashin Limited in favr f Celi Internatinal SA FLF cntinues t hld 3.5% stake in Celi Preferential Alltment: On 8 th Octber 2014, the Bard f Directrs f the Cmpany apprved: Issue f 1,59,34,065 Equity Shares f face value f Rs. 2/- each at a price f Rs. 91/- per equity share aggregating t Rs. 145 cr n preferential basis Issue f 32,96,700 Cmpulsry Cnvertible Debentures f face value f Rs. 91/- each (CCDs) aggregating t Rs. 30 cr n preferential basis t the Prmter Grup f the Cmpany; Each CCD will be cnvertible int ne Equity Share f Rs. 2/- each as fully paid up n April 01, 2015 On 7th Nvember 2014, the sharehlders apprved the preferential alltment with requisite majrity

11 Financial perfrmance Incme Statement Incme Statement (INR cr.) Quarter ended Half yearly Year ended Particulars Q2 FY15 Q2 FY14 H1 FY15 H1 FY14 FY 2014 Net Sales ,557 1,301 2,661 Other Operating Incme Ttal Incme frm Operatins ,591 1,346 2,744 COGS ,697 Grss Prfit ,047 Grss Margin % 36.9% 36.8% 38.5% 37.5% 38.2% Emplyee Benefits Expense Rent including Lease Rental Other Expenditures Ttal Expenditure EBITDA EBITDA Margin % 10.8% 10.7% 11.4% 11.4% 10.6% Other Incme Other Incme Prfit frm sale f investment Service Tax Liability Depreciatin EBIT Finance Csts PBT Exceptinal Items Tax expense Net prfit Revenue grwth in Q2 FY15 f 25.6% attributable t SSGs and new stres added Grss Margin and EBITDA margins witnessed 10bps expansin cmpared t previus year Nte: Standalne results d nt include investee cmpanies.

12 Financial perfrmance Balance Sheet Balance Sheet (INR cr.) As f date Year Ended Particulars 30-Sep Mar-14 Ttal - Sharehlders' Funds 1,426 1,291 Nn-Current Liabilities Lng-Term Brrwings 1,300 1,264 Deferred Tax Liability (Net) Other Lng Term Liability Lng-Term Prvisins 5 5 Ttal - Nn Current Liabilities 1,422 1,586 Current Liabilities Shrt-Term Brrwings Trade Payables Other Current Liabilities Shrt Term Prvisins 1 8 Ttal - Current Liabilities 1,320 1,063 TOTAL - EQUITY AND LIABILITIES 4,169 3,940 Assets Fixed Assets 1,551 1,339 Lng-Term Lans and Advances Ttal - Nn Current Assets 1,892 1,668 Current Assets Curent Investment Inventries 1,164 1,024 Trade Receivables Cash and Bank Balances Shrt-Term Lans and Advances Other Current Assets Ttal -Current Assets 2,276 2,272 TOTAL - ASSETS 4,169 3,940

13 Thank Yu Disclaimer: This reprt cntains frward-lking statements, which may be identified by their use f wrds like plans, expects, will, anticipates, believes, intends, prjects, estimates, r ther wrds f similar meaning. All statements that address expectatins r prjectins abut the future, including but nt limited t statements abut the Cmpany s strategy fr grwth, prduct develpment, market psitin, expenditures, and financial results are frward-lking statements. Frward-lking statements are based n certain assumptins and expectatins f future events. The Cmpany cannt guarantee that these assumptins and expectatins are accurate r will be realized. The Cmpany s actual results, perfrmance r achievements culd thus differ materially frm thse prjected in any such frward lking statements. The Cmpany assumes n respnsibility t publicly amend, mdify r revise any frward lking statements, n the basis f any subsequent develpments, infrmatin r events. Registered and Crprate Office: Future Lifestyle Fashins Ltd Knwledge Huse, Shyam Nagar, Off Jgeshwari - Vikhrli Link Rad, Jgeshwari (East), Mumbai : : Incase if any queries please cntact: investrrelatins@futurelifestyle.in