Kering Sa · EURONEXT:KER
Kering Sa — PPR — Q3 2010 Earnings Presentation
13 slides from Kering Sa's earnings presentation, Oct 28, 2010
Slide 1: Q3 2010 Sales Conference Call
An adventure of enterprise Q3 2010 Sales Conference Call October 28, 2010
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer of securities for sale in the United States of America or any other jurisdiction. Certain information contained in this document may include notably projections and forecasts. They express objectives based on current assessments and estimates
Slide 3: Solid sales improvements across the board
Solid sales improvements across the board Sept YTD Q3 Reported Comparable Reported Comparable (Sales in €m) 2010 2010 change change (1) change change (1) Fnac 2,916 +3.4% +2.4% 999 +4.3% +3.2% Redcats 2,512 +1.2% +0.9% 816 +8.4% +5.7% Conforama 2,235 +7.5% +4.8% 821 +9.8% +5.4% Puma 2,083 +5.7% -1.6
Slide 4: Good performance fueled by online activities
Good performance fueled by online activities Q3’10 sales: €999m +3.2% comparable; +4.3% reported Other Revenues in France up 1% despite tougher 4% comps +4.1% Home Technical products up 6% driven by personal Books & electronics computing up double-digit stationery 58% Editorial products down 7% 19%
Slide 5: Back to sharply positive trends, driven by online sales
Back to sharply positive trends, driven by online sales Q3’10 sales: €816m +5.7% comparable; +8.4% reported ROW 13% France Best quarterly performance in 3 years +11.1% 43% Continued strong growth in online activities, up +11.1% 18% to 53% of total sales (+ 570 bp vs. Q3’09) US 33% Confirmation of La
Slide 6: Another quarter of strong growth
Another quarter of strong growth Q3’10 sales: €821m +5.4% comparable; +9.8% reported Other Decorative 9% Market share gains in all countries items +8.1% 9% Sustained strong growth in France, up 6% Furniture +8.2% Improving product mix: furniture up 8% and 48% +7.5% decorative items up 14% Market sha
Slide 7: Solid growth in sales and promising momentum
Solid growth in sales and promising momentum Q3’10 sales: €784m +4.9% comparable; +16.5% reported Accessories 13% Double -digit growth in August and September +9.6% after slight dip in July Footwear Solid growth in wholesale up 7% – Retail up on 53% a like-for-like store basis +6.0% Sharp rebound in
Slide 8: Strong growth across all channels and brands
Strong growth across all channels and brands Q3’10 sales: €1,041m +16.7% comparable; +27.1% reported Other Sharp increase in Retail and Wholesale, both 5% Western up 16% Asia +14.2% Europe Pacific 34% Strong growth in soft and hard luxury, both up 30% +26.6% double digit +25.5% Leather goods up 18%
Slide 9: Consistent double-digit growth in both Retail & Wholesale
Consistent double-digit growth in both Retail & Wholesale Q3’10 sales: €670m +14.8% comparable; +26.1% reported Other Accelerating sales growth in Retail and 4% Western Wholesale, both up 14% +2.0% Europe 31% Solid growth in all product categories Asia +27.7% Pacific Strong performance in emerging c
Slide 10: In top shape
In top shape Q3’10 sales: €137m +27.3% comparable; +41.7% reported Other 4% Western Sharp increases in both Retail (up 26%) and +47.5% Europe Asia Wholesale (up 33%) 28% Pacific +53.5% Strong growth driven by Leather Goods, up 29% +29.2% 28% All regions up double digit except Japan Emerging countrie
Slide 11: A very solid quarter
A very solid quarter Q3’10 sales: €74m +13.0% comparable; +19.1% reported Other Solid double-digit growth in Retail (up 14%) 9% Western Asia and Wholesale (up 12%) +2.8% Europe Pacific 49% Royalties up 12% 12% +24.9% +1.1% Good performance driven by all product categories Japan Strong growth in Leat
Slide 12: Q3'10 sales: €161m, +18.5% comparable; other brands
Q3’10 sales: €161m +18.5% comparable; +24.1% reported Other Balenciaga: up strong double digit driven by 10% Western sharp growth in Leather goods and Shoes Asia +32.9% Europe Pacific 10% 49% Boucheron: further improvement fueled by +63.7% +15.0% solid growth in Jewelry and Watches Sergio Rossi: sta
Slide 13: A solid platform for good and profitable full-year growth
A solid platform for good and profitable full-year growth Retail Outperformance in most segments driving top-line momentum Full-year impact of 2009 cost-control & restructuring programs in 2010 Sport & Lifestyle Further growth expected in Q4’10 and 2011 on strength of order books in all product cate