Burberry Group Plc · LSE:BRBY
Burberry — Q1 2019 Earnings Presentation
13 slides from Burberry's earnings presentation, July 2018
Slide 1: Q1 2019 Trading Update
BURBERRY Q1 2019 TRADING UPDATE
Slide 2: Group Retail Sales +3% at CER
GROUP RETAIL SALES +3% AT CER (0%) +3% (0%) +3% (£11m) 0% £490m £479m £478m Q1 end Jun-17 Comp Space Other adj* CER FX Q1 end Jun-18 *Growth at CER includes marginally negative net space contribution, impact of retail calendar +0.2% and IFRS 15 -0.5%.
Slide 3: Regional Retail Comp Sales Highlights
REGIONAL RETAIL COMP SALES HIGHLIGHTS EMEIA -lsd Asia pacific Americas +msd +hsd group +3%
Slide 4: Strategy Highlights
STRATEGY HIGHLIGHTS PRODUCT COMMUNICATION DISTRIBUTION Dubai flagship DIGITAL OPERATIONAL EXCELLENCE INSPIRED PEOPLE Burberry business services
Slide 5: Fluid, Flexible and Creatively-Led Cycle
FLUID, FLEXIBLE AND CREATIVELY-LED CYCLE September 2018 Limited edition September capsule Available to buy through a series of drops December 2018 Collaboration with Vivienne Westwood Available in selected stores February 2019 September runway collection Delivers to stores May 2019 First delivery of
Slide 6: Outlook for FY 2019
OUTLOOK FOR FY 2019 CURRENCY Headwind to adjusted operating profit now expected NO CHANGE TO GUIDANCE to be c£25m AT CER BUYBACK Broadly stable revenue and Commenced £150m buyback adjusted operating margin COST SAVINGS On track for delivery of £100m cumulative cost savings
Slide 7: Pleased with Progress in the Quarter
PLEASED WITH PROGRESS IN THE QUARTER - STRATEGIC ACTION PLAN ON TRACK - PREPARING FOR RICCARDO’S SEPTEMBER SHOW - CONFIDENT IN ACHIEVING OUR BRAND AMBITIONS
Slide 8: Appendix
APPENDIX
Slide 9: Disclaimer
DISCLAIMER The financial information contained in this presentation is unaudited. Certain statements made in this presentation are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to d
Slide 10: Alternative Performance Measures
ALTERNATIVE PERFORMANCE MEASURES All metrics and commentary in this presentation are at reported FX and exclude adjusting items unless stated otherwise. Constant exchange rates (CER) removes the effect of changes in exchange rates compared to the prior period. This takes into account both the impact
Slide 11: Retail Calendar Dates
RETAIL CALENDAR DATES Quarter 1 Quarter 2 Quarter 3 Quarter 4 FY Total reported Sun 1 Apr - Sun 1 Jul- Sun 30 Sep - Sun 30 Dec- Sun 1 Apr - FY 2019 revenue and retail Sat 30 Jun Sat 29 Sep Sat 29 Dec Sat 30 Mar Sat 30 Mar comp Sat 1 Apr - Sat 1 Jul - Sun 1 Oct - Mon 1 Jan - Sat 1 Apr - Total reporte
Slide 12: Foreign Exchange Rates
FOREIGN EXCHANGE RATES Forecast effective rates for Actual Exchange rates FY 2019 average exchange rates 29 June 30 April FY 2018 £1= 2018 2018 Euro 1.13 1.14 1.13 US Dollar 1.32 1.38 1.33 Chinese Yuan Renminbi 8.68 8.71 8.79 Hong Kong Dollar 10.34 10.81 10.37 Korean Won 1,466 1,473 1,473 Currency s
Slide 13: IR Contacts
IR CONTACTS Charlotte Cowley REPORTING CALENDAR VP, Investor Relations AGM 12 July 2018 charlotte.cowley@burberry.com Interim results 8 November 2018 Annabel Gleeson Senior Investor Relations Manager Horseferry House annabel.gleeson@burberry.com Horseferry Road London Laura O’Neill SW1P 2AW Investor