Levi Strauss & Co · NYSE:LEVI
Levi Strauss & — Q4 2006 Earnings Presentation
6 slides from Levi Strauss &'s earnings presentation, Feb 13, 2007
Slide 1: Fourth Quarter & Fiscal Year 2006
Levi Strauss & Co. Fourth Quarter & Fiscal Year 2006 Presented by: Hans Ploos van Amstel Chief Financial Officer February 13, 2007 This presentation should be read in conjunction with Levi Strauss & Co.'s report on Form 10-K for the fiscal year ended November 26, 2006.
Slide 2: Q4/FY 2006 - Overview Key Highlights
LS&CO. Q4/FY 2006 - Overview Key Highlights Net revenue up 4% in Q4. Fiscal-year net revenues stable (-1% due to currency). Net income up strongly in Q4 and FY. 1
Slide 3: Q4/FY 2006 - Income Statement Overview
Key Highlights Q4 operating income up strongly. Continued strong gross and operating margins. SG&A reflects investments in retail and systems, continued cost discipline, and lower advertising expense. LS&CO. Q4/FY 2006 - Income Statement Overview 2
Slide 4: Regional Overview
Key Highlights North America net revenues increase in Q4 and fiscal year. Growth for U.S. Levi's(r) and Dockers(r) brands. Europe revenue trend improves substantially in Q4, strong margins continue. Asia delivers net revenue growth for Q4 and fiscal year. LS&CO. Q4/FY 2006 - Regional Overview 3
Slide 5: FY 2006 - Cash Flow Overview
Key Highlights Operating activities: Strong operating income, reduced taxes, working capital improvements, and lower restructuring and interest. Investing activities: IT systems and retail network. Financing activities: Debt reduction. LS&CO. FY 2006 - Cash Flow Overview 4
Slide 6: Key Conclusions
LS&CO. Q4/FY 2006 - Key Conclusions Another solid year. Net revenue growth in Q4. Continued strong operating margin. Reduced debt and improved working capital. Well positioned for 2007. 5