Pola Orbis Holdings Inc. · TSE:4927
Pola Orbis — Q1 2013 Earnings Presentation
18 slides from Pola Orbis's earnings presentation, 2013
Slide 1: Results for the First Quarter of Fiscal 2013 Supplementary Material
Results for the First Quarter of Fiscal 2013 Supplementary Material Naoki Kume DIRECTOR OF FINANCE/MANAGEMENT PLANNING DIV. POLA ORBIS HOLDINGS INC. This report contains projections of performance and other projections based on information currently available and certain assumptions judged to be rea
Slide 2: 1. Highlights of Consolidated Performance 2. Segment Analysis 3. Fiscal 2013 Forecasts
1. Highlights of Consolidated Performance 2. Segment Analysis 3. Fiscal 2013 Forecasts 2
Slide 3: Highlights of Consolidated Performance
Highlights of Consolidated Performance Consolidated net sales and operating income reached expected levels. Sales significantly exceeded corresponding quarter a year ago thanks to contributions from overseas brands. Operating income showed huge increase, reflecting successful efforts, especially at
Slide 4: Analysis of Consolidated P&L Changes: Net Sales to Operating Income
Analysis of Consolidated P&L Changes Net Sales to Operating Income FY2012 FY2013 YoY Change (Millions of yen) 1Q Results 1Q Results Amount % Net Sales 38,945 41,238 2,292 5.9% Cost of Sales 8,068 8,131 62 0.8% Gross Profit 30,877 33,107 2,230 7.2% SG&A 29,651 31,505 1,854 6.3% Operating Income 1,225
Slide 5: Analysis of Consolidated P&L Changes: Operating Income to Net Income
Analysis of Consolidated P&L Changes Operating Income to Net Income FY2012 FY2013 YoY Change (Millions of yen) 1Q Results 1Q Results Amount % Operating Income 1,225 1,601 376 30.7% Non-operating Income 387 564 177 45.8% Non-operating Expenses 31 21 -10 -32.7% Ordinary Income 1,580 2,144 563 35.7% Ex
Slide 6: Factors Impacting Net Income
Factors Impacting Net Income (Millions of yen) Note: In FY2012, Jurlique was included in the scope of consolidation from February 4, 2012. 3,500 3,500 +¥412 mil. Elimination of Jurlique’s one time Positive Impact Negative Impact expense 3,000 3,000 2,500 2,500 +¥187 mil. Positive local △622百万円 -¥622
Slide 7: Segment Analysis
1. Highlights of Consolidated Performance 2. Segment Analysis 3. Fiscal 2013 Forecasts 7
Slide 8: Operating Results by Segment
Operating Results by Segment FY2012 FY2013 YoY Change (Millions of yen) 1Q Results 1Q Results Amount % Consolidated Net Sales 38,945 41,238 2,292 5.9% Beauty Care 36,320 38,559 2,238 6.2% Real Estate 745 719 -26 -3.5% Others 1,879 1,960 80 4.3% Operating Income 1,225 1,601 376 30.7% Beauty Care 995
Slide 9: Beauty Care Segment Operating Results by Product Type
Beauty Care Segment Operating Results by Product Type FY2012 FY2013 YoY Change (Millions of yen) 1Q Results 1Q Results Amount % Net Sales 36,320 38,559 2,238 6.2% Cosmetics 33,863 36,300 2,436 7.2% Fashion 2,456 2,258 -197 -8.1% Operating Income 995 1,472 477 47.9% Cosmetics 1,316 1,774 457 34.7% Fa
Slide 10: Beauty Care Segment Operating Results by Brand
Beauty Care Segment Operating Results by Brand FY2012 FY2013 YoY Change (Millions of yen) 1Q Results 1Q Results Amount % Net Sales 36,320 38,559 2,238 6.2% POLA 21,391 21,492 101 0.5% ORBIS 10,929 10,899 -30 -0.3% Brands under development 1,850 1,957 107 5.8% Overseas brands (Jurlique and H2O+) 2,14
Slide 11: Progress with Key Strategies During the First Quarter (1)
Progress with Key Strategies During the First Quarter (1) 1 － Generate stable profits with flagship brands Products ◆ Launched WHITE SHOT CLEAR SERUM SX in February ◆ Number of POLA THE BEAUTY (PB) stores rose by 8 to 580 since December 2012 Sales ◆ PB stores 1Q cosmetics sales: + 5.6% YoY Channels
Slide 12: Progress with Key Strategies During the First Quarter (2)
Progress with Key Strategies During the First Quarter (2) 2 － Accelerate growth of brands under development ◆Launched Balancing series in February. THREE “Balancing” series launched in February 3 － Develop presence overseas by capitalizing on the Group’s strengths ◆Jurlique ⇒ Enthusiastic approach t
Slide 13: Real Estate and Others Results
Real Estate and Others Results FY2012 FY2013 YoY Change (Millions of yen) 1Q Results 1Q Results Amount % Real Estate Net Sales 745 719 -26 -3.5% Operating Income 354 321 -33 -9.5% ◆ Downward trend in rents that prevailed in the real estate market until last year caused a year-on-year decrease in sal
Slide 14: Fiscal 2013 Forecasts
1. Highlights of Consolidated Performance 2. Segment Analysis 3. Fiscal 2013 Forecasts 14
Slide 15: Forecasts for Fiscal 2013 (same as initial forecasts)
Forecasts for Fiscal 2013 (same as initial forecasts) Aim to improve sales and operating income significantly with sustainable growth of existing brands and accelerate expansions of overseas brands FY2013 YoY Change FY2013 YoY Change (Millions of yen) Full Year Amount % First Half Amount % Consolida
Slide 16: Initiatives for the Second Quarter Onward (POLA and ORBIS)
Initiatives for the Second Quarter Onward (POLA and ORBIS) Aiming to steadily implement strategies in line with Medium-Term Management Plan to realize stable growth ◆ Expand B.A anti-aging series with debut of B.A The Day Mask S, a summer-use facial mask ◆ Attract new customers through energetic app
Slide 17: Initiatives for the Second Quarter Onward (Brands under development and Overseas brands)
Initiatives for the Second Quarter Onward (Brands under development and Overseas brands) Promote growth strategies and strive to increase sales and contribute to income as quickly as possible ◆ THREE ⇒ Launch Hair care line, “Scalp & Hair” in July Brands ⇒ Develop overseas presence, starting under o
Slide 18: FY2011–FY2013 Medium-term Management Plan
FY2011 – FY2013 Medium-term Management Plan Generate stable profits with ◆ Consolidated Net Sales ⇒ CAGR 2～3% flagship brands and invest funds ◆ Operating Income ⇒ CAGR 10% or higher to implement growth strategy ◆ Operating Margin ⇒ 9% (10% in Japan) in FY2013 Strategy 2: Accelerate growth of the po