Compagnie Financiere Richemont Sa · SIX:CFR
Compagnie Financiere Richemont Sa — Richemont — H1 FY2022 Earnings Presentation
9 slides from Compagnie Financiere Richemont Sa's earnings presentation, November 2021
Slide 1: Appendix
Appendix At Richemont, We Craft the Future
Slide 2: Financial Highlights
FINANCIAL HIGHLIGHTS Sales Profit for the period Dividends € million CR HR € million ¨ CHF 1 A share/10 B shares ¨ Sept 21 8 907 +65% +63% Sept 21 14.0% 1 249 +686% +100% FY21 2.00 +100% Sept 20 5 478 -25% -26% Sept 20 2.9% 159 -82% FY20 1.00 -50% FY21 13 144 -5% -8% FY21 9.8% 1 289 +39% FY19 2.00 +
Slide 3: H1-22 Sales by Product Line
H1-22 SALES BY PRODUCT LINE 2% 3% › Graphic represents total Group sales, 8% 43% Jewellery including Online Distributors Watches 11% Clothing Leather goods and accessories Writing instruments Other 33% Total Group Excluding Online Distributors Constant Actual Constant Actual 6 months €m H1-22 rates
Slide 4: Hedging
HEDGING › 70% of our forecasted net foreign currency cash flow exposure arising primarily in AED, CNY, HKD, JPY, SGD and USD is hedged vs CHF and EUR › In the case of USD, the net exposure takes into account purchases of precious metals and precious stones › Realised and unrealised gains/losses on c
Slide 5: H1-22 Sales by Region and Business Area
H1-22 SALES BY REGION AND BUSINESS AREA Constant Actual % of 6 months €m Sept 21 Sept 20 rates rates total Europe 2 009 1 234 +62% +63% 23% Asia Pacific 3 789 2 556 +47% +48% 42% Americas 1 926 900 +123% +114% 22% Japan 526 365 +56% +44% 6% Middle East and Africa 657 423 +62% +55% 7% Total sales 8 9
Slide 6: H1-22 Operating Results by Business Area
H1-22 OPERATING RESULTS BY BUSINESS AREA 6 months €m Sept 21 Sept 20 Change Jewellery Maisons 1 930 922 +109% Specialist Watchmakers 376 -8 NR Online Distributors -141 -138 -2% Other 29 -108 NR Elimination -3 -1 NR Operating result 2 191 667 +228% Valuation adjustments on acquisitions -89 -99 -10% C
Slide 7: H1-22 Group Results
H1-22 GROUP RESULTS 6 months €m Sept 21 Sept 20 Change Sales 8 907 5 478 +63% Cost of sales -3 269 -2 313 +41% Gross profit 5 638 3 165 +78% Net operating expenses -3 689 -2 713 +36% Operating profit 1 949 452 +331% Net finance costs -385 -117 +229% Share of equity-accounted investments' results 13
Slide 8: Summary Balance Sheet and Inventory
SUMMARY BALANCE SHEET AND INVENTORY at 30 September €m 2021 2020 Non-current assets 14 291 13 308 Current assets 22 450 19 471 Non-current liabilities 9 435 9 392 Current liabilities 8 962 6 774 Equity attributable to owners of the parent company 18 271 16 491 Non-controlling interests 73 122 Equity
Slide 9: Retail Network
RETAIL NETWORK Net change Sept 21 Internal Franchise March 21 Internal Franchise Total Internal Franchise Jewellery Maisons 442 333 109 463 326 137 -21 +7 -28 Cartier 268 200 68 269 201 68 -1 -1 – Van Cleef & Arpels 140 105 35 139 102 37 +1 +3 -2 Buccellati 34 28 6 55 23 32 -21 +5 -26 Specialist Wat