Capri Holdings Limited · NYSE:CPRI
Capri — Q1 FY2022 Earnings Presentation
13 slides from Capri's earnings presentation, Jul 30, 2021
Slide 1: 1Q Fiscal Year 2022 Earnings Presentation
CAPRI HOLDINGS LIMITED ~ VERSACE MICHAEL KORS 1Q Fiscal Year 2022 Earnings Presentation July 30, 2021
Slide 2: Capri Holdings' Strategic Pillars
CAPRI HOLDINGS’ STRATEGIC PILLARS 1) Maximize the full potential of our three distinct fashion luxury brands 2) Design innovative and exciting fashion luxury product 3) Create compelling communication to deepen consumer desire and engagement 4) Leverage seamless omni-retailing capabilities to accele
Slide 3: First Quarter Fiscal 2022 Highlights
FIRST QUARTER FISCAL 2022 HIGHLIGHTS Revenue increased 178%, driven by strong performance across all three luxury houses * Adjusted gross margin expanded 90 bps *« Adjusted operating margin expanded to 20.8% * Increased customer database by 10M versus prior year across our luxury houses * Raised ful
Slide 4: Versace Growth Initiatives
VERSACE GROWTH INITIATIVES * COMMUNICATION STRATEGY * Capitalize on high brand engagement and awareness * Reinforce three house pillars * Accelerate database growth * PRODUCT STRATEGY * Expand accessories to $1 billion * More than double footwear revenue * Further capitalize on iconic brand codes *
Slide 5: Versace 1Q 2022 Highlights
VERSACE 1Q 2022 HIGHLIGHTS Revenue increased 158%, with strong growth across all regions and channels E-commerce sales increased triple digits Significant gross margin expansion Operating margin expanded to 20.0% Global database +24% year-over-year
Slide 6: Jimmy Choo Growth Initiatives
JIMMY CHOO GROWTH INITIATIVES * COMMUNICATION STRATEGY * Own glamour through emotional brand storytelling * Combine storytelling with data analytics * Double database size * PRODUCT STRATEGY * Capitalize on iconic brand codes * Grow accessories to 30% of revenue * Maximize casual opportunity * Intro
Slide 7: Jimmy Choo 1Q 2022 Highlights
JIMMY CHOO 1Q 2022 HIGHLIGHTS Revenue increased 178%, with strong growth across all regions and channels E-commerce sales increased triple digits Significant gross margin expansion Operating margin expanded to 7.7% Global database +14% year-over-year
Slide 8: Michael Kors Growth Initiatives
MICHAEL KORS GROWTH INITIATIVES * COMMUNICATION STRATEGY * Emotional brand engagement * Combine storytelling with data analytics * Accelerate database growth * PRODUCT STRATEGY * Increase Signature to 50% of the business * Grow MKGO to $500M * Build Men’s to $500M * OMNI-CHANNEL STRATEGY * Leverage
Slide 9: Michael Kors 1Q 2022 Highlights
MICHAEL KORS 1Q 2022 HIGHLIGHTS *« Revenue increased 184%, with strong growth across all regions and channels * E-commerce sales increased strong double digits * Gross margin was above our expectation but below prior year due to higher wholesale penetration * Operating margin expanded to 27.6% ¢ Glo
Slide 10: Non-GAAP financial measures notice
This presentation includes certain non-GAAP financial measures that exclude certain costs associated with COVID-19 related charges, ERP implementation costs, Capri transformation costs, restructuring and other charges. The Company uses non-GAAP financial measures, among other things, to evaluate its
Slide 11: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES Three Months Ended June 26, 2021 Restructuring As and Other COVID-19 ERP As Reported Charges (1) Related Charges Implementation Adjusted Gross profit $ 856 $ — $ (3) $ — $ 853 Operating expenses $ 598 $ (3) $ — $ (3) $ 592 Total income from opera
Slide 12: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES Three Months Ended June 27, 2020 Restructuring COVID-19 and Other Related ERP As Reported Charges (1) Charges Implementation As Adjusted Gross profit $ 302 $ — $ 1 $ — $ 303 Operating expenses $ 464 $ (8) $ (4) $ (2) $ 450 Total loss from operati
Slide 13: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains statements which are, or may be deemed to be, “forward-looking statements.” Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of Capri Holdi