Balmain. Boucheron. Burberry. Jimmy Choo. Lanvin. MontBlanc. Nickel. Paul Smith. Repetto. S.T. Dupont. Van Cleef & Arpels.

Transcription

1 Balmain. Boucheron. Burberry. Jimmy Choo. Lanvin. MontBlanc. Nickel. Paul Smith. Repetto. S.T. Dupont. Van Cleef & Arpels sales

2 Contents 2011 operating highlights Burberry license agreement 2011 sales 2011 results 2012 launches 2

3 2011 operating highlights 3

4 2011 operating highlights Significant momentum for main brands Burberry: 222m (+20%) Lanvin: 58m (+9%) without launches Montblanc: 31m ( 7m in 2010) Jimmy Choo: 29m in 1 st year Three major fragrance line launches Jimmy Choo: women's line Jimmy Choo (Winter) Montblanc: men's line Legend (Spring) Burberry: women s line Burberry Body (Fall) Strong revenue growth Annual sales of 398.3m (+30%) at current exchange rates Annual sales of 406.3m (+33%) at constant exchange rates Beating the most recent estimates 4

5 2011 operating highlights Creation of Interparfums Luxury Brands and implementation of the partnership agreement with Clarins USA Interparfums Singapore s organization strengthened Robust trends in several regions Volume sales growth > 40% in North America High growth rates in South America (48%) and Asia (37%) Continuing gains in Eastern Europe (+17% following 60% in 2010) Good momentum in Western Europe (excluding France) in a highly competitive market environment (+7%) Excellent performance in France (+21%) Growth in the Middle East back on track in the second half (+20% for the full year) 5

6 2011 operating highlights Extension of the Burberry Beauty make-up line 30 additional references Nearly 100 points of sale at the end of March 2012 New SAP ERP system New logistics warehouse 6

7 2011 operating highlights: Balmain license agreement A bold ready-to-wear brand Collections designed for the elegant and glamorous woman 4 directly-owned and operated stores License agreement commencing on January 1, 2012

8 2011 operating highlights: Repetto license agreement An iconic name for all dancers A global brand pioneering exclusive and the most technically advanced products in the universe of dance More than 35 stores worldwide License agreement commencing on January 1, 2012

9 Burberry license agreement 9

10 Burberry license agreement Discussions in progress about the creation of a new operational structure for the fragrance and beauty business 3 options: Creation of the entity Buyback of the fragrance and cosmetics activity by the Burberry brand effective January 1, 2013 in exchange for a payment of around 200m, Decision before July 31, 2012 Pursue the existing license agreement to its term of December 31,

11 2011sales 11

12 Burberry 2011 sales: 221.7m (+20%) Launch of the Burberry Body line Solid performances by the brand's historic lines Drop in sales by the Burberry Sport line Opening of new points of sale for make-up 12

13 Lanvin 2011 sales: 57.8m (+9%) Continuing gains in a year without launches Steady sales from the Eclat d Arpège (2003) line Growth by the Jeanne Lanvin (2008) and Marry Me! (2010) lines 13

14 Montblanc 2011 sales: 30.6m Launch of the men's fragrance line Legend (> 10m) Steady performances by the brand's historic lines 3 times higher than expected 14

15 Jimmy Choo 2011 sales: 29.4m Spring launch of the first Jimmy Choo line High post-launch demand for restocking 3 times higher than expected 15

16 Van Cleef & Arpels 2011 sales: 20.4m (-21%) Period of consolidation (following launches in 2010 of the Oriens and Midnight in Paris lines) 16

17 Boucheron 2011 sales: 8.3m (8 months) Inventory of components, POS materials and finished goods taken over in first half 17

18 2011 sales Sales by brand ( m) /2010 Burberry % Lanvin % Montblanc ns Jimmy Choo ns Van Cleef & Arpels % Paul Smith % S.T. Dupont % Boucheron (8 months) ns Nickel % Other ns Total % ns : not significant 18

19 2011 sales Sales by region ( m) /2010 Africa % North America % South America % Asia % Eastern Europe % Western Europe % France % Middle East % Total % 19

20 2011 results 20

21 2011 sales by currency Breakdown by currency 2011 (2010) GBP 8% (7%) Other 3% (3%) USD EUR 39% (35%) 50% (55%) 21

22 2011 sales by currency Impact on sales Currency Av. exch. rates Currency effect $ / m / m / m Total currency effect of 8m Sales of 406.3m at constant exchange rates (+32.9%) 22

23 2011 results Significant growth in gross margin in euros and as percentage of sales A marginal rise in operating profit reflecting a marketing and advertising budget > 95m for the year An operating margin above 11% Positive net cash at December 31,

24 Financial calendar Publication of 2011 results March 13, 2012 (before the opening of the NYSE-Euronext Paris stock exchange) Publication of 2012 first-quarter sales April 27, 2012 (before the opening of the NYSE-Euronext Paris stock exchange) 2012 AGM April 27, 2012 (Pavillon Gabriel Paris, 2:00 p.m.) 24

25 2012 launches 25

26 2012 launches Burberry An ambitious development plan built around the Burberry Body line Lanvin An important launch in July in harmony with Alber Elbaz s fashion and design style Jimmy Choo Expansion of distribution in selected markets Montblanc First women's fragrance initiative 26

27 2012 launches Boucheron First initiative based on the Jaïpur line Balmain Relaunch of the Ivoire line Development of a new project for 2013 Van Cleef & Arpels Development of a new project for 2013 Repetto Development of the first fragrance line for

28 Balmain. Boucheron. Burberry. Jimmy Choo. Lanvin. MontBlanc. Nickel. Paul Smith. Repetto. S.T. Dupont. Van Cleef & Arpels sales