Interim Three Months 2015

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Lizbeth Curtis
7 years ago
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1 10 June

2 Disclaimer This document and the information herein does not constitute an offer to sell, to buy or to exchange, nor an invitation to make an offer to buy, to sell or to exchange, nor a recommendation or advice, regarding any security issued by the Inditex Group. This document contains forward-looking statements. All statements other than statements of historical fact included herein, including, without limitation, those regarding our financial position, business strategy, management plans and objectives for future operations are forward-looking statements. Any such forward-looking statements are subject to risk and uncertainty and thus could differ materially from actual results. Some of these risks include, amongst others, ongoing competitive pressure in the sector, consumer tastes and spending trends, economic, political, regulatory and trade conditions in the markets where the Inditex Group is present or in the countries where the Group s products are manufactured or distributed. The risks and uncertainties that could affect the forward-looking statements are difficult to predict. The company assumes no obligation to publicly revise or update its forward-looking statements in the case of unexpected changes, events or circumstances that could affect them. Given the uncertainties of forward-looking statements, we caution readers not to place undue reliance on these statements. For a discussion of these and other factors that may affect forward looking statements and the Inditex Group s business, financial conditions and results of operations, see the documents and information communicated by the company to the Comisión Nacional del Mercado de Valores (the Spanish Securities Commission). The contents of this disclaimer should be taken into account by all persons or entities. 2

All statements other than statements of historical fact included herein, including, without limitation, those regarding our financial position, business strategy, management plans and objectives for

3 Overview 3

4 : Overview Global fully integrated Store & Online sales platform Satisfactory sales growth High operational efficiency and cost control Space growth and online launches on track Global growth opportunities 4

operational efficiency and cost control Space

5 Zara: Global flagship in London Zara 61 Oxford Street 5

6 Zara: Global flagship in Beijing Zara Xidan Joy City 6

7 Bershka: New store image East Nanjing Road Bershka Torino 7

8 Massimo Dutti: Personal Tailoring East Nanjing Road 8

9 Pull&Bear: Shanghai global flagship Pull&Bear East Nanjing Road East Nanjing Road 9

10 Stradivarius: Mexico flagship Zara Madero 10

11 Oysho: New headquarters and DC East Nanjing Road 11

12 Oysho: New image at Barcelona flagship Oysho Paseo de Gracia 12

13 Zara Home: Milan flagship Zara Home Piazza San Babila 13

14 Zara Home: Japan Online sales East Nanjing Road 14

15 Uterqüe: Madrid Airport 15

16 Global fully integrated Store & Online sales platform 16

17 Differentiated Business Model Central inventory position Distribution to all stores worldwide twice a week Orders to stores and online customers in 2-48 hours 17

18 Global online sales Central inventory position + Online stockrooms Los Angeles May 2014 Mexico Sep 2014 Boston Sep 2011 UK Sep 2012 Madrid Sep 2010 Poland May 2014 Russian Fed Aug 2013 Seoul Tokyo Sep 2014 Oct 2011 Shanghai Sep

2011 UK Sep 2012 Madrid Sep 2010 Poland May 2014 Russian

19 Financial Summary 19

20 million 1Q15 1Q14 15/14 Net Sales 4,374 3,748 17% Gross profit 2,597 2,208 18% EBITDA % EBIT % Net income % Strong operating performance 20

21 Sales million 1Q15 1Q14 15/14 Sales 4,374 3,748 17% Strong sales growth Currency translation 21

22 Gross Profit million 1Q15 1Q14 15/14 % Gross Profit 2,597 2,208 18% 59.4% Gross profit growth of 18% to 2.6 bn Sustained commercial policies Mix effect due to currency in some markets 22

23 Tight control of operating expenses million 1Q15 1Q14 15/14 Op. expenses 1,701 1,474 15% 23

24 Flexible Business Model million 1Q15 1Q14 Inventory 2,019 1,807 Receivables Payables (4,403) (3,907) Operating working capital (1,520) (1,194) 24

25 Concepts 25

26 Performance per concept % Store & Online Sales 26

27 Performance per concept Zara Home Uterque Group average Massimo Dutti Oysho Pull&Bear Bershka Stradivarius 27

28 Outlook 28

29 1H2015: Outlook Space growth on track Ordinary capital expenditure c billion Store & Online sales in local currencies have increased +13.5% from 1 February to 7 June

30 Global Growth Opportunities Global fully integrated Store & Online sales platform Strong growth opportunities 30

31 Global Online Sales Europe, US, China, Japan, Russia, Mexico, S. Korea and Canada 2015: Taiwan, Hong Kong and Macau Progressive rollout in all markets 31

32 Openings: Amsterdam Zara Neiuwendijk 32

33 Openings: Brussels Zara Toison d Or 33

34 Openings: Hamburg Zara Mönckebergstraße 34

35 Openings: Copenhagen Zara Vimmelskaftet 35

36 Openings: Vladivostock Zara GUM 36

37 Openings: Tokyo Zara Ikebukuro 37

38 Openings: Bangkok Zara Em Quartier 38

39 Openings: Urumqui Zara Maison Mode Youhao 39

40 10 June

Full Year 2015 Results Presentation. 9 March 2016

Full Year 2015 Results Presentation. 9 March 2016 Results Presentation 9 March 2016 1 Disclaimer This document and the information herein does not constitute an offer to sell, to buy or to exchange, nor an invitation to make an offer to buy, to sell or