Capri Holdings Limited · NYSE:CPRI
Capri — Q3 2021 Earnings Presentation
9 slides from Capri's earnings presentation, Feb 3, 2021
Slide 1: 3Q Fiscal Year 2021 Earnings Presentation
3Q Fiscal Year 2021 Earnings Presentation February 3, 2021
Slide 2: Third Quarter Fiscal 2021 Highlights
THIRD QUARTER FISCAL 2021 HIGHLIGHTS • Revenue trends improved sequentially in 3Q21 o 3Q21 E-commerce sales up 65%, a sequential acceleration versus 2Q21 o Positive retail sales in Asia across all Luxury Houses, led by double digit growth in Mainland China o Double-digit growth in global retail sale
Slide 3: Quarterly Retail Sales Improving
QUARTERLY RETAIL SALES IMPROVING 0% Year-over-year percent change (25)% (50)% (75)% 4Q20 1Q21 2Q21 3Q21 Total Sales Retail Sales 3
Slide 4: Quarterly Retail Sales Improving by Region
QUARTERLY RETAIL SALES IMPROVING Total Global Asia 4Q20 1Q21 2Q21 3Q21 4Q20 1Q21 2Q21 3Q21 0% 25% Year-over-year percent change Year-over-year percent change (25)% 0% (50)% (25)% (75)% (50)% Americas EMEA 4Q20 1Q21 2Q21 3Q21 4Q20 1Q21 2Q21 3Q21 0% 0% Year-over-year percent change Year-over-year perc
Slide 5: Liquidity and Net Debt
LIQUIDITY AND NET DEBT Liquidity Net Debt $1.89B $1.44B $1.59B $1.56B $1.54B $1.14B $1.17B $0.9B $1.18B $0.7B 3Q20 4Q20 1Q21 2Q21 3Q21 3Q20 4Q20 1Q21 2Q21 3Q21 Liquidity = Cash and availability on revolver Net Debt = Total Debt less Cash and Cash Equivalents 5
Slide 6: Brand results highlights
• Sequential revenue improvement in 3Q21, with global retail sales increasing double-digits • E-commerce sales up triple digits • Double digit retail sales growth in Mainland China leading to sales growth in the total Asia region • Double digit retail sales growth in North America • Global database
Slide 7: Brand results highlights
• 3Q21 revenue reflects absence of Holiday Collection • Significant improvement in sales trends in 4Q21 with arrival of new Spring product • 3Q21 E-commerce sales increased • Double digit retail sales growth in the Asia region driven by double digit growth in Mainland China • Trainers continue to ou
Slide 8: Brand results highlights
• Sequential revenue improvement in 3Q21 • E-commerce improved sequentially with sales up 70% • Double digit retail sales growth in Mainland China leading to sales growth in the total Asia region • Signature penetration in accessories expanded to ~40% • Gross margin expansion primarily driven by hig
Slide 9: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains statements which are, or may be deemed to be, “forward-looking statements.” Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of Capri Holdi