Essilorluxottica Sa · EURONEXT:EL
Essilorluxottica Sa — Q3 2022 Earnings Presentation
16 slides from Essilorluxottica Sa's earnings presentation, Oct 18, 2022
Slide 1: Q3 Revenue 2022
Q3 Revenue 2022 October 21, 2022
Slide 2: Highlights
Highlights • Group’s revenue at Euro 6.4 billion, up 17.0% in Q3 versus 2021 • +8.2% at constant exchange rates in third quarter • +8.8% at constant exchange rates in the first nine months In Q3 at constant exchange rates: • EMEA +9.2%, North America +3.4% on a tough comparison • Asia-Pacific and La
Slide 3: Revenue performance
Revenue performance Constant currency Current currency Q3 2022 vs 2021 Group Revenue +8.2% +17.0% 9M 2022 vs 2021 Group Revenue +8.8% +15.5% Q3 2022 Revenue 3
Slide 4: Q3 2022 Revenue
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Slide 5: Q3 revenue by segment 2022 vs 2021
Q3 revenue by segment 2022 vs 2021 Change at constant Change at current € million Q3 2022 Q3 2021* exchange rates exchange rates Professional Solutions 3,029 2,577 +7.8% +17.5% Direct To Consumer 3,365 2,888 +8.5% +16.5% EssilorLuxottica 6,394 5,465 +8.2% +17.0% * Comparable revenue. Q3 2022 Revenue
Slide 6: Q3 revenue by region 2022 vs 2021
Q3 revenue by region 2022 vs 2021 Change at constant Change at current € million Q3 2022 Q3 2021* exchange rates exchange rates North America 3,009 2,497 +3.4% +20.5% EMEA 2,262 2,101 +9.2% +7.6% Asia-Pacific 761 577 +22.7% +31.7% Latin America 363 289 +12.6% +25.5% EssilorLuxottica 6,394 5,465 +8.2
Slide 7: Nine-month revenue by segment 2022 vs 2021
Nine-month revenue by segment 2022 vs 2021 Change at constant Change at current € million 9M 2022 9M 2021* exchange rates exchange rates Professional Solutions 8,865 7,720 +7.6% +14.8% Direct To Consumer 9,523 8,198 +10.0% +16.2% EssilorLuxottica 18,388 15,918 +8.8% +15.5% * Comparable revenue. Q3 2
Slide 8: Nine-month revenue by region 2022 vs 2021
Nine-month revenue by region 2022 vs 2021 Change at constant Change at current € million 9M 2022 9M 2021* exchange rates exchange rates North America 8,600 7,340 +4.4% +17.2% EMEA 6,663 5,966 +12.9% +11.7% Asia-Pacific 2,112 1,836 +8.8% +15.0% Latin America 1,013 776 +18.9% +30.5% EssilorLuxottica 1
Slide 9: Q3 2022 Revenue
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Slide 10: Storecount on September 30, 2022
Storecount on September 30, 2022 North Asia- Latin Corporate Franchising Total EMEA America Pacific America Stores & Other Storecount Sunglass Hut 1,676 615 294 413 2,998 187 3,185 LensCrafters 1,012 81 1,093 5 1,098 Apollo Optik 678 678 220 898 Vision Express 657 657 168 825 Target Optical 555 555
Slide 11: Q3 2022 Revenue
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Slide 12: North America revenue +3.4% in Q3
North America revenue +3.4% in Q3 • Overall slightly accelerating versus Q2, growing in both segments • PS positive in both lenses (brands leading) and frames (luxury driving) • Key accounts, department stores and third-party e-commerce positive • LensCrafters slightly negative, Sunglass Hut slightl
Slide 13: EMEA revenue +9.2% in Q3
EMEA revenue +9.2% in Q3 • Positive contribution from both segments • PS gaining momentum sustained by sun/luxury and solid lenses • Key market of France turning positive • Strong high season of sun in DTC, also thanks to revived tourism • GrandVision keeping solid, on top of a record comparison bas
Slide 14: Asia-Pacific revenue +22.7% in Q3
Asia-Pacific revenue +22.7% in Q3 • Sharp acceleration in both segments • PS expanding double digits in all main countries • Mainland China rebounding thanks to fewer lockdowns • Effective deployment of myopia portfolio during back-to-school • Outstanding performance of brick-and-mortar in Australia
Slide 15: Latin America revenue +12.6% in Q3
Latin America revenue +12.6% in Q3 • Solid growth on a toughening comparison base • Brazil keeping sound pace in PS, Mexico accelerating • PS double digits up in both lenses and frames • Sunglass Hut fueled by strong performance in Brazil and Mexico • Mixed performance in optical retail Q3 2022 Reve
Slide 16: World Sight Day - October 13, 2022
World Sight Day - October 13, 2022 Q3 2022 Revenue 16