Capri Holdings Limited · NYSE:CPRI
Capri — Michael Kors Holdings — Merger or Acquisition (July 2017)
12 slides from Capri's merger presentation, Jul 25, 2017
Slide 1: Creating a Global Fashion Luxury Group
CREATING A GLOBAL FASHION LUXURY GROUP MICHAEL KORS HOLDINGS LIMITED JULY 25, 2017
Slide 2: Disclaimer and Confidentiality
DISCLAIMER AND CONFIDENTIALITY NOT FOR RELEASE, PRESENTATION, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICATION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. This presentation has been prepared by Michael Kors Holdings Limited
Slide 3: Creating a Global Fashion Luxury Group
CREATING A GLOBAL FASHION LUXURY GROUP OUR GROUP HAS A FOCUS ON INTERNATIONAL FASHION LUXURY BRANDS THAT ARE INDUSTRY LEADERS IN STYLE AND TREND • RUNWAY COLLECTIONS ARE THE FOUNDATION OF OUR FASHION AUTHORITY AND ARCHITECTURE • CRAFTSMANSHIP AND HERITAGE ARE AT OUR CORE • CREATIVE INSPIRATION IS OU
Slide 4: The History of Jimmy Choo
THE HISTORY OF JIMMY CHOO 1998 2009 1996 FIRST VOGUE 2001 2015 2016 MICHELLE OBAMA WEARS AWARDED BRAND BORN ADVERTISEMENT BOOTS COLLECTION KATE MIDDLETON JIMMY CHOO AT THE ACCESSORIES LAUNCHES WEARS JIMMY CHOO 2006 INAUGURAL BALL DESIGNER OF THE JIMMYCHOO.COM YEAR BY GLAMOUR LAUNCHES 2000 JIMMY CHOO
Slide 5: The Fame of Jimmy Choo
THE FAME OF JIMMY CHOO CHARLIZE KENDALL JENNIFER MICHELLE MERYL BEYONCÉ RIHANNA THERON JENNER LAWRENCE OBAMA STREEP MICHAEL KORS HOLDINGS LTD. 5
Slide 6: The Strength of Jimmy Choo
THE STRENGTH OF JIMMY CHOO AN ICONIC GLOBAL LUXURY BRAND, WITH UNIQUE DNA AND STRONG MARKET POSITION AMONG LEADING LUXURY BRANDS BRAND HIGHLIGHTS • RICH HISTORY WITH 20-YEAR TRACK RECORD REFLECTS ENDURING CUSTOMER APPEAL • GLOBAL LEADER IN AN EXPANDING LUXURY FOOTWEAR MARKET • BALANCES ICONIC, TIMEL
Slide 7: The Growth of Jimmy Choo
THE GROWTH OF JIMMY CHOO OPPORTUNITY TO GROW JIMMY CHOO TO $1B IN SALES • GROW GLOBAL ECOMMERCE AND RETAIL FOOTPRINT • INCREASE LUXURY FOOTWEAR REVENUE • EXPAND PRESENCE OF ACCESSORIES • CONTINUE GROWTH OF MEN’S FOOTWEAR MICHAEL KORS HOLDINGS LTD. 7
Slide 8: Strategic Acquisition of Jimmy Choo
STRATEGIC ACQUISITION OFJIMMY CHOO ACQUISITION EXPECTED TO BE ACCRETIVE ON A GAAP BASIS IN FISCAL 2020 TRANSACTION OVERVIEW TRANSACTION OVERVIEW • ALL CASH ACQUISITION AT 230 PENCE PER SHARE • ESTIMATED ENTERPRISE VALUE OF $1.35B USD • FULLY COMMITTED FINANCING IN PLACE • EXPECTED TO CLOSE CALENDAR
Slide 9: Enhances Michael Kors' Leadership Position in Global Luxury Market
ENHANCES MICHAEL KORS’ LEADERSHIP POSITION IN GLOBAL LUXURY MARKET PRO FORMA ANNUAL SALES $4.5 BILLION $470 MILLION $5.0 BILLION STORE COUNT 827 150 977 Licensed product Licensed Product Footwear Accessories / Other 6% Footwear 6% 11% 25% 17% SALES BY PRODUCT Apparel 12% Accessories Footwear
Slide 10: Luxury Group Creating Shareholder Value
LUXURY GROUP CREATING SHAREHOLDER VALUE GROWTH FINANCIAL BENEFITS STRONG CREDIT PROFILE • THE FORMATION OF A LUXURY • ACQUISITION EXPECTED TO BE • SIGNIFICANT CASH FLOW GROUP ENHANCES LONG-TERM ACCRETIVE ON A GAAP BASIS IN GENERATION WITH COMBINED GROWTH PROFILE FISCAL 2020 OPERATING COMPANIES • OPP
Slide 11: Creating a Global Fashion Luxury Group: Brand Overview
CREATING A GLOBAL FASHION LUXURY GROUP TWO ICONIC BRANDS DEFINED BY FASHION LUXURY PRODUCTS WITH A REPUTATION FOR WORLD-CLASS DESIGN AND INNOVATION MICHAEL KORS MICHAEL KORS IS A LEADING AMERICAN DESIGNER OF LUXURY ACCESSORIES AND READY-TO-WEAR. THE BRAND’S RUNWAY HERITAGE JIMMY CHOO IS A LUXURY ACC
Slide 12: Michael Kors Holdings Limited
MICHAEL KORS HOLDINGS LIMITED
Michael Kors Holdings — Merger or Acquisition (July 2017) on 6ix