H&m Hennes & Mauritz Ab Class B · OMXSTO:HM_B
H&m Hennes & Mauritz Ab Class B — FY2015 Earnings Presentation
19 slides from H&m Hennes & Mauritz Ab Class B's earnings presentation, Jan 28, 2016
Slide 1: Telephone Conference 28 January 2016 - Full-Year Report 2015
H & M Hennes & Mauritz AB TELEPHONE CONFERENCE 28 JANUARY 2016 FULL-YEAR REPORT 2015
Slide 2: Nils Vinge, Jyrki Tervonen
• NILS VINGE INVESTOR RELATIONS • JYRKI TERVONEN CHIEF FINANCIAL OFFICER
Slide 3: 2015 in Brief
2015 IN BRIEF • Sales SEK 210 billion including VAT – increase of 19% in SEK; +11% in local currencies • Well-received collections for all brands and strong expansion contributed to higher market shares • More than 16,000 new jobs in the H&M Group 2015 – 148,000 employees in total • SEK 75 m to empl
Slide 4: Sales
SALES SEK m incl VAT 250,000 + 19% 200,000 209,921 150,000 176,620 2014 100,000 2015 + 14% 50,000 49,656 56,477 0 Q4 Full year
Slide 5: Sales per Market
SALES PER MARKET TEN LARGEST MARKETS, FULL YEAR 2015 Number of stores Germany 449 USA 415 United Kingdom 264 France 222 China 353 Sweden 176 Italy 150 Spain 165 Netherlands 139 Switzerland 96 SEK m 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000
Slide 6: Gross Profit and Gross Margin
GROSS PROFIT AND GROSS MARGIN Gross profit SEK m 120,000 57.0% 100,000 58.8% 103,167 80,000 89,052 60,000 2014 2015 40,000 57.5% 60.4% 20,000 25,774 27,997 0 Q4 Full year
Slide 7: Selling and Administration Expenses
SELLING AND ADMINISTRATION EXPENSES SEK m 100,000 80,000 + 20% 76,225 60,000 63,469 2014 40,000 2015 + 16% 20,000 18,043 20,913 0 Q4 Full year
Slide 8: Profit After Financial Items
PROFIT AFTER FINANCIAL ITEMS SEK m 30,000 + 5% 25,000 27,242 25,895 20,000 15,000 2014 10,000 2015 - 8% 5,000 7,799 7,148 0 Q4 Full year
Slide 9: Sales and Profits - Fourth Quarter
SALES AND PROFITS FOURTH QUARTER SEK m 2015 2014 Net sales 48,694 42,644 Gross profit 27,997 25,774 gross margin, % 57.5 60.4 Operating profit 7,084 7,731 operating margin, % 14.5 18.1 Net financial items 64 68 Profit after financial items 7,148 7,799 Tax -1,622 -1,577 Profit for the period 5,526 6,
Slide 10: Sales and Profits - Full Year
SALES AND PROFITS FULL YEAR SEK m 2015 2014 Net sales 180,861 151,419 Gross profit 103,167 89,052 gross margin, % 57.0 58.8 Operating profit 26,942 25,583 operating margin, % 14.9 16.9 Net financial items 300 312 Profit after financial items 27,242 25,895 Tax -6,344 -5,919 Profit for the period 20,8
Slide 11: Key Data
KEY DATA SEK m 30 Nov 2015 30 Nov 2014 Stock-in-trade 24,833 19,403 Cash flow from current operations 24,067 24,156 Investments 12,059 9,391 Dividend (SEK) 9.75* 9.75 Cash and cash equivalents and short- 12,950 16,693 term investments Return on shareholders' equity, % 38.1 41.3 Average number of emp
Slide 12: Stock-in-Trade
STOCK-IN-TRADE SEK m 30,000 + 28% 25,000 24,833 20,000 19,403 15,000 2014 10,000 2015 5,000 0 30 November
Slide 13: Store Expansion 2015
STORE EXPANSION 2015 • Total of 3,924 stores in 61 markets 2015, all brands included – 413 new stores net 2015, of which 249 in Q4 – China and the US largest expansion markets • Five new H&M markets 2015 – Taiwan, Peru, Macau, India and South Africa – very good reception in all markets
Slide 14: Store Expansion
Stores IPO 1974 Markets 1,600 4,000 2,400 400 2,000 2,800 0 1,200 800 3,200 3,600 3 1974 1975 4 1976 1977 5 1978 1979 6 1980 1981 1982 1983 1984 1985 1986 1987 1988 7 1989 1990 1991 8 1992 1993 9 1994 1995 STORE EXPANSION 1996 1997 10 11 12 1998 1999 613 14 2000 682 2001 771 2002 844 2003 945 2004 1
Slide 15: Store Expansion 2016
STORE EXPANSION 2016 • Approx. 425 new stores net planned for 2016 – largest expansion in existing markets – China and the US largest expansion markets • Three new H&M markets in 2016 – New Zealand, Cyprus and Puerto Rico
Slide 16: Our Fashion Brands
OUR FASHION BRANDS • Continued expansion for H&M’s other brands – COS, & Other Stories, Monki, Weekday and Cheap Monday • COS has total of 153 stores in 30 markets (Nov 2015) – 39 new stores net in 2015 – several new markets in 2015 and 2016
Slide 17: H&M Online
H&M ONLINE • Rapid expansion of H&M’s online store, hm.com • Ten new online markets in 2015 – Portugal, Poland, the Czech Republic, Romania, Slovakia, Hungary, Bulgaria, Belgium, Switzerland and Russia • H&M online in 23 markets in total (Nov 2015) • Online in nine further H&M markets 2016 – Ireland
Slide 18: H&M Beauty
H&M BEAUTY • New broad concept for makeup, body care and hair styling • High quality at the best price in beautiful design – wide selection of colours and trends • Very well received in 900 stores in 41 markets and online in 2015 – gradual launch since July 2015 • H&M Beauty to launch in further 300
Slide 19: H & M Hennes & Mauritz AB
& H & MHennes & Mauritz AB
H & M Hennes & Mauritz — FY2015 Earnings Presentation on 6ix