Burberry Group Plc · LSE:BRBY
Burberry — Q1 FY2022 Earnings Presentation
8 slides from Burberry's earnings presentation, Jul 16, 2021
Slide 1: Q1 2022 Trading Update
Q1 2022 TRADING UPDATE 16 JULY 2021 1 2
Slide 2: Comparable Store Sales Growth
COMPARABLE STORE SALES GROWTH Comparable Sales performance + 90% vs LY +8% “12% £479m +90% £257m Retail revenue Comp sales Retail space FX Retail revenue QIUFY21 QUFY22 Comparable Sales performance +1% vs LLY £498m +1% +1% 6% £479m Retail revenue Compsales _Retail space FX Retail revenue QiFy20 Qi F
Slide 3: Q1 Retail Comparable Growth vs FY20
Q1 RETAIL COMPARABLE GROWTH VS FY20 INCLUDING FULL-PRICE PERFORMANCE Comp -38% FP -33% EMEIA Mainland China FP > +55% Korea FP > +90% Note: Comp - Comparable store sales at CER; FP — Full-price comparable store sales at CER GOOD GROWTH DRIVEN BY STRONG CAMPAIGNS MANDBAGS SERIES EARN MORE ABOUT THE C
Slide 4: Store Rollout Plan on Track
STORE ROLLOUT PLAN ON TRACK SS NEW STORE CONCEPT, SLOANE STREET, JULY 2021 CLIMATE POSITIVE BY 2040 — BOLD NEW TARGETS We aim to go further than our current net-zero by 2040 target by reducing emissions within our own value chain and investing in initiatives beyond our business to tackle the future
Slide 5: Outlook
OUTLOOK Strategy firmly on track Markdown MSD headwind on FY22 comp vs LY Wholesale — H1 FY22 +60% vs LY FX - £114m revenue headwind £40m adjusted operating profit headwind in FY22 Medium term guidance unchanged
Slide 6: Disclaimer
DISCLAIMER . The financial information contained in this presentation is unaudited. + Certain statements made in this announcement 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
Slide 7: FY22 Financial Outlook
Transformation years and COVID impact The next chapter: Accelerate and grow Revenue growth HSD Revenue CAGR (base FY20)* driven by brand advocacy, core product categories, improved sales Driven by densities, digital and full-price full-price Adjusted operating margin FY22 increased investment and co
Slide 8: Foreign Exchange Rates
FOREIGN EXCHANGE RATES Forecast effective rates for Actual Exchange rates average exchange rates 25 June 2021 30 April 2021 Fiscal Year 2021 £1= Euro 117 115 112 US Dollar 1.39 1.39 1.30 Chinese Yuan Renminbi 9.00 9.03 8.85 Hong Kong Dollar 10.82 10.82 10.08 Korean Won 1,577 1,545 1,514 IR CONTACTS