Samsonite Group S.a. · HKEX:1910
Samsonite — Samsonite International — Q1 2017 Earnings Presentation
13 slides from Samsonite's earnings presentation, May 24, 2017
Slide 1: 2017 First Quarter Results
Samsonite International S.A. HKEX Stock Code: 1910 —_ ] > $\ WE The World / 2017 First Quarter Results May 24, 2017 ss,
Slide 2: Disclosure Statement
Disclosure Statement This presentation and the accompanying slides (the “Presentation”) which have been prepared by Samsonite International S.A. (“Samsonite” or the “Company”) do not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or b
Slide 3: 1st Quarter 2017 Results Highlights
1st Quarter 2017 Results Highlights +29.3% Constant Currency Growth Constant currency net sales Gross margin was up 280bp Adjusted EBITDA margin increased Adjusted Net Income as a growth of 29.3% with the from 1Q 2016 due to the by 20bp with increased gross percentage of net sales was inclusion of T
Slide 4: 1st Quarter Net Sales by Region
1st Quarter Net Sales by Region Constant Currency 18.0% 46.4% 26.4% 23.5% Growth Constant Currency 4.3% -0.9% 13.4% 23.5% Growth excl. Tumi Page 4
Slide 5: 1st Quarter Net Sales by Key Market
1st Quarter Net Sales by Key Market (1) (2) (1) Hong Kong includes Macau and wholesale sales to Asia’s Tumi distributors. Page 5 (2) UK includes Ireland.
Slide 6: 1st Quarter Net Sales by Brand
1st Quarter Net Sales by Brand Continued growth in Samsonite with net sales up 7.1%(1). Net Sales Growth by Brand Tumi was acquired on August 1, 2016. Excluding US$1.5 million of Tumi brand net sales made through Rolling Luggage and other Samsonite multi-brand stores in 1Q 2017, Tumi net sales incre
Slide 7: Progressing Towards 50/50 Strategic Vision
Progressing Towards 50/50 Strategic Vision Net Sales by Channel Net Sales by Category Direct-to-Consumer (DTC) sales, comprising company owned stores and Non-Travel categories share of net sales grew from 32.4% of net sales in direct-to-consumer e-commerce channel grew from 21.2% of net sales in 1Q
Slide 8: 1st Quarter 2017 Results Highlights Excluding Tumi Operations Results
1st Quarter 2017 Results Highlights Excluding Tumi Operations Results +5.7% Constant Currency Growth Constant currency net sales growth Gross margin was up 140bp Advertising spend as a Adjusted EBITDA margin of 5.7%, or US$32.2 million, was from 1Q 2016 largely due to percentage of net sales is incr
Slide 9: 1st Quarter 2017 Results Highlights Tumi Operations Results
1st Quarter 2017 Results Highlights Tumi Operations Results (1) Net sales growth of 14.6% or Gross margin was up 100bp Advertising spend more than Adjusted EBITDA margin is US$17.1 million includes the impact from 1Q 2016 largely due to doubled from prior year in down 10bp compared to prior of South
Slide 10: Tumi Acquisition Integration Update
Tumi Acquisition Integration Update Integration going largely as planned. SAP conversion completed in May 2017. Accelerated advertising vs. original plan by US$13 million (US$10 million in 2016 and US$3 million in 1Q 2017). Buy back of Tumi’s distributors progressing ahead of plan: South Korea compl
Slide 11: Balance Sheet
Balance Sheet Net debt of US$1,592.5 million at March 31, 2017 reflects the financing of US$m March 31, December 31, March 31, $ C hg M a r- 17 % C hg M a r- 17 2016 2016 2017 v s . M a r- 16 v s . M a r- 16 the Tumi acquisition. Cash flows generated from operations of US$35.1 Cash and cash equivale
Slide 12: Efficiently managing working capital
Efficiently managing working capital Net working capital as of March 31, 2017 is 13.4% of sales, slightly favorable to the US$m March 31, December 31, March 31, $ Chg Mar-17 % Chg Mar-17 targeted 14% level. Excluding Tumi, net 2016 2016 (1) 2017 vs. Mar-16 vs. Mar-16 Working Capital Items working ca
Slide 13: eBags acquisition will accelerate growth in the E-commerce channel and strengthen digital capabilities
eBags acquisition will accelerate growth in the E- commerce channel and strengthen digital capabilities eBags is a leading online retailer of bags and related accessories for travel. eBags offers consumers a diverse offering of travel bags and accessories including luggage, backpacks, handbags, busi
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