LVMH Moet Hennessy Louis Vuitton SE · EURONEXT:MC

LVMH Moet Hennessy Louis Vuitton — FY2012 Earnings Presentation

12 slides from LVMH Moet Hennessy Louis Vuitton's earnings presentation, Jan 31, 2013

  1. Slide 1: 2012 Annual Results

    2012 Annual Results January 31, 2013 Bernard Arnault

  2. Slide 2: Excellent performance in 2012; Wines & Spirits

    Excellent performance in 2012  Organic revenue growth of 9 % ƒ High comparison basis ƒ Strong momentum in the US and good growth in Europe and Asia with contrasts between regions  Profit from recurring operations up 13%  Current operating margin of 21%  Group share of net profit up 12%  Strengt

  3. Slide 3: Fashion & Leather Goods; Perfumes & Cosmetics

    Fashion & Leather Goods Excellent performance of Louis Vuitton and other brands 2012 Highlights  Louis Vuitton: double-digit revenue growth ƒ Strong momentum in the US and good performances in Europe and in emerging markets despite contrasting conditions ƒ Rapid progress in leather goods ƒ Strength

  4. Slide 4: Watches & Jewelry; Selective Retailing

    Watches & Jewelry Iconic lines reinforced and increased production capacity 2012 Highlights  First full year of Bvlgari’s integration  Increased watch production capacity for TAG Heuer, Bvlgari, Hublot and Zenith  Strengthened iconic lines and continued innovation momentum  Targeted expansion of

  5. Slide 5: 2013 Outlook for business groups

    2013 Outlook for business groups  Further strengthen Wines & Spirits position in emerging markets  Continue the development of Louis Vuitton and accelerate profitable growth of other fashion brands  Build upon Christian Dior’s progress together with Couture, and develop La Petite Robe Noire at Gu

  6. Slide 6: Quarterly evolution of 2012 revenue

    Jean-Jacques Guiony Quarterly evolution of 2012 revenue 6 582 M€ 6 384 M€ 12 966M€ 6 900 M€ 19 866 M€ 8 237 M€ 28 103 M€ + 25% + 27% + 26% + 15% + 22% + 12% + 19% The principles used to determine the net impact of exchange rate fluctuations on revenue of entities reporting in foreign currencies (“cu

  7. Slide 7: 2012 revenue breakdown by region

    2012 revenue breakdown by region In % of total revenue United States (inc. Hawaii) 23% Europe (excl. France) 20% Japan 8% France 11% Asia (excl. Japan) Other markets 28% 10% 13 Revenue change by region Organic growth versus same period of 2011 LVMH Group 9 months 2012 Q4 2012 2012 United States* + 1

  8. Slide 8: Revenue by business group

    Revenue by business group Reported Organic In millions of euros 2011 2012 growth growth Wines & Spirits 3 524 4 137 + 17% + 11% Champagne & Wines 1 782 1 980 + 11% + 7% Cognac & Spirits 1 742 2 157 + 24% + 15% Fashion & Leather Goods 8 712 9 926 + 14% + 7% Perfumes & Cosmetics 3 195 3 613 + 13% + 8%

  9. Slide 9: Summarized income statement

    Summarized income statement In millions of euros 2011 2012 % Change Revenue 23 659 28 103 + 19% Gross margin 15 567 18 186 + 17% Marketing and selling expenses (8 360) (10 101) + 21% General and administrative expenses (1 944) (2 164) + 11% Profit from recurring operations 5 263 5 921 + 13% Other op

  10. Slide 10: Profit from recurring operations on a same structure and currency basis

    Profit from recurring operations on a same structure and currency basis In millions of euros Organic Structure Currency growth impact impact + 194 + 66 + 398 5 921 5 263 2011 2012 19 Change in net financial income (expense) Change In millions of euros 2011 2012 (M€) Cost of net financial debt (151)

  11. Slide 11: Sound financial structure; Analysis of cash flow from operations

    Sound financial structure In billions of euros  Increased total equity 49.9 49.9  Reduced net debt Total equity 51%  Rise in non current assets mainly Non current assets 72% due to increased net investments and value of purchase commitments for minority interests Non current 30% liabilities Inven

  12. Slide 12: Net financial debt and free cash flow; 2012 dividend up 12%

    Net financial debt and free cash flow In millions of euros 23 2012 dividend up 12 % Gross dividend per share - In euros 2.90 Average annual growth rate over 5 years 2.60 +13 % 2.10 1.60 1.60 1.65 2007 2008 2009 2010 2011 2012 24

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