Investor Update Q4 FY14 (January March 2014)

Transcription

1 Investr Update Q4 FY14 (January March 2014)

2 Brand Business Highlights Grwth and Expansin Opened 3 Exclusive Brand Outlets (EBOs) expanding presence in new cities including Thrissur (Kerala), Ganganagar (Rajasthan), Warangal (Andhra Pradesh) Brand Initiatives Jealus 21 launched an exclusive line f fashin accessries designed by the ppular accessries brand Ayesha The cllectin includes neckpieces, bracelets rings, earrings, belts, scarves, tatts, hair accessries, nail stickers and many mre Available acrss all exclusive Jealus 21 utlets, n and acrss all Centrals Cnverse teamed up with an indie culture platfrm NH7 t send ne Indian band t New Yrk t recrd at the Cnverse Rubber Tracks studi in Brklyn! This cllabratin will prvide a platfrm fr independent bands t emerge, perfrm and recrd and subsequently release their music t reach wider audiences Manchester United, the clthing and apparel stre, gave its fans and custmers a reasn t cheer fr. It displayed the English Premier League trphy which Manchester United wn fr a recrd 20th time at its Malad stre in Inrbit Mall, Mumbai, DLF Place and Saket in Delhi Fans als gt an pprtunity t meet legendary striker Dwight Yrke

3 Retail Business Highlights Retail Presence: Operates 4.48 millin square feet f retail space acrss fashin frmats New Stre Openings: Added ~0.07millin sq ft f grss space during the quarter Central pened its fifth stre in Mumbai at Neptune Mall, Bhandup taking the verall stre cunt ges up t 25 all established its presence in in Hubli (Karnataka) with its first stre in the city Als expanded its presence in existing cities with the 3 rd Bangalre stre, 2 nd Klkata stre and 10 th Mumbai stre Planet Sprts strengthened its presence by pening its 9th Mumbai stre and 6th Pune stre Other Highlights Entered Kanpur with its first Planet Sprts stre In March, Central launched its Spring Summer Fashin 2014 cllectin The line fr wmen has a special fcus n dresses, Palazzs and Harem pants In ethnic wear, the md and the clrs are influenced by Sicilian flk art, tribal, desi tadka and mre In casual menswear, slid shirts are the flavr f the seasn supprted by chins and shrts and paired with bat shes and lafers Men s frmal wear cllectin sprts slid shirts with slim fit trusers and Brgues r mnk straps with slim belts cmplete the lk 5 th stre in Mumbai Nagpur Central

4 Grwing pan India ftprint acrss frmats Ahmedabad Vaddara Surat Mumbai Panaji Chandigarh Ludhiana Delhi & NCR Lucknw Siliguri Jaipur Kanpur Ranchi Bhpal Asansl Indre Klkata Nagpur Raipur Nasik Bhilai Aurangabad Bhubaneswar Pune Visakhapatnam Hyderabad Hubli Mangalre Bengaluru Chennai Guwahati Shillng Stre Netwrk as f 31st March 2014 Retail space Frmat # f stres (mn sq ft) Central Brand Factry Planet Sprts all EBOs and Others Grand Ttal Stres Opened During the quarter Frmat Date f pening Sq. Ft. Lcatin Central 24-Jan-14 51,150 Mumbai Planet Sprts 1-Jan-14 1,100 Mumbai 5-Jan-14 2,009 Pune 24-Jan-14 2,172 Kanpur all 3-Jan Hubli 10-Jan Bangalre 18-Jan Klkata 14-Mar-14 2,343 Mumbai Kchi Mysre Cimbatre During the quarter added ~0.07 mn sq ft resulting in a ttal f 4.48 mn sq ft f retail space

5 Financial snapsht Financial Highlights During the quarter, the cmpany reprted SSGs f 10.5% fr the Central frmat and 8.2% fr the entire retail business Q4 FY14 being an EOSS quarter, the cmpany witnessed grss margins f 37.8% cmpared t 39.7% in Q3 FY14 SSGs (%) Retail Central The cmpany als witnessed higher perating cst due t ~0.51 millin sq ft additin during H2 FY 14 quarter Ging frward, the new stres are expected t add t the grwth and prfitability f the cmpany 11.4% 13.6% 19.3% 15.2% 7.3% 8.0% 10.5% 8.2% Crprate Actins On 3 rd May 2014, the Bard f Directrs apprved a preferential issue by the cmpany f securities aggregating t apprximately Rs. 300 cr t a grup f investrs cmprising f PremjiInvest and prmters f the cmpany The preferential alltment is subject t sharehlder s apprval and an EGM has been cnvened by the cmpany n 31 st May 2014 On 30 th April 2014, the cmpany annunced alltment f 1,61,332 Equity shares f Rs. 2/- each t eligible emplyee(s) upn their exercise f stck ptin under Emplyee Stck Optin Scheme (ESOS -2013) Upn such alltment, the paid-up equity capital f the Cmpany stands increased t Rs cr divided int 15.46cr Equity Shares f Rs. 2/- each Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Net Sales and EBITDA (`cr) Net Sales EBITDA Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14

6 Financial perfrmance - Standalne Incme Statement (` cr.) Quarter ended Year ended Particulars Q4 FY14 Q3 FY14 Q2 FY14 Q1 FY14 FY 2014 Net Sales ,661 Other Operating Incme Ttal Incme frm Operatins ,744 COGS ,697 Grss Prfit ,047 Grss Margin % 37.8% 39.7% 36.8% 38.3% 38.2% Emplyee Benefits Expense Rent including Lease Rental Other Expenditures Ttal Expenditure EBITDA EBITDA Margin % 9.4% 10.5% 10.7% 12.1% 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 Depreciatin: During the quarter, the cmpany prvided depreciatin n the basis f estimate useful life f the fixed assets instead f rates prescribed in schedule XIV f Cmpanies Act. Accrdingly extra depreciatin f Rs cr has been prvided in the current quarter. Nte: Standalne results d nt include investee cmpanies Turtle, Clarks, Celi, Hlii, Mineral, Famzi, Tresmde etc. Year ending fr FLFL will be 31 st March. Exceptinal Item represent the Lss f certain inventry frm fire in ne f its distributin centre fr which cmpany has ldged the claim with insurance cmpany, and the assessment by the insurance cmpany is under prcess.

7 Financial perfrmance - Standalne Balance Sheet (` cr.) As f date Particulars 31-Mar Sep-13 Ttal - Sharehlders' Funds 1,291 1,390 Nn-Current Liabilities Lng-Term Brrwings 1, Deferred Tax Liability (Net) Other Lng Term Liability 252 Lng-Term Prvisins 5 4 Ttal - Nn Current Liabilities 1, Current Liabilities Shrt-Term Brrwings Trade Payables Other Current Liabilities Shrt Term Prvisins 8 60 Ttal - Current Liabilities 1,063 1,154 TOTAL - EQUITY AND LIABILITIES 3,940 3,534 Assets Fixed Assets 1,339 1,380 Lng-Term Lans and Advances Ttal - Nn Current Assets 1,668 1,656 Current Assets Curent Investment Inventries 1,024 1,132 Trade Receivables Cash and Bank Balances Shrt-Term Lans and Advances Other Current Assets 68 0 Ttal -Current Assets 2,272 1,877 TOTAL - ASSETS 3,940 3,534

8 Disclaimer The views expressed here may cntain infrmatin derived frm publicly available surces that have nt been independently verified. N representatin r warranty is made as t the accuracy, cmpleteness r reliability f this infrmatin. Any frward lking infrmatin in this presentatin has been prepared n the basis f a number f assumptins which may prve t be incrrect. This presentatin shuld nt be relied upn as a recmmendatin r frecast by Future Lifestyle Fashins Limited. This presentatin may cntain 'frward-lking statements' that is, statements related t future, nt past, events. In this cntext, frward-lking statements ften address ur expected future business and financial perfrmance, and ften cntain wrds such as 'expects, 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' r 'will.' Frward lking statements by their nature address matters that are, t different degrees, uncertain. Fr us, uncertainties arise frm the behavir f financial markets and change in cnsumptin patterns; frm future integratin f acquired businesses; and frm numerus ther matters f natinal, reginal and glbal scale, including thse f an envirnmental, climatic, natural, plitical, ecnmic, business, cmpetitive r regulatry nature. These uncertainties may cause ur actual future results t be materially different than thse expressed in ur frward-lking statements. We d nt undertake t update ur frward-lking statements.