Kering Sa · EURONEXT:KER
Kering Sa — Kering Sa Ord — Q1 2023 Earnings Presentation
20 slides from Kering Sa's earnings presentation, Apr 25, 2023
Slide 1: 2023 First Quarter Revenue
2023 FIRST QUARTER REVENUE APRIL 25, 2023
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute an offer of securities for sale in the United States of America or any other jurisdiction. Certain information contained in this presentation may include projections and forecasts or other forward-looking statements. They are not historical facts and
Slide 3: Slide 3
Slide 4: Q1 Group Revenue
Q1 23 GROUP REVENUE KEY HIGHLIGHTS REVENUE CHANGE (in €m and comparable change YoY) • REVENUE +2% REPORTED, +1% COMPARABLE – RETAIL: ALL HOUSES UP +2% – W HOLESALE: DOW N DOUBLE DIGIT, ONGOING reported RATIONALIZATION STRATEGY +2% -1% 5,077 – FX BROADLY NEUTRAL, POSITIVE SCOPE IMPACT FROM MAUI JIM +
Slide 5: Q1 Group Revenue: Breakdown by Segment and Region
Q1 23 GROUP REVENUE REVENUE BREAKDOWN BY SEGMENT REVENUE BREAKDOWN BY REGION (% of total revenue and YoY change) In €m Change (%) RoW Q1 23 Q1 22 Western Europe Revenue Revenue Reported Comp. 7% (-1pt) 25% (+2pt) Gucci 2,616 2,591 +1% +1% Saint Laurent 806 739 +9% +8% Bottega Veneta 395 396 -0% +0%
Slide 6: Q1 Group Revenue by Channel and Region
Q1 23 GROUP REVENUE BY CHANNEL AND REGION R E T AI L I N C L . E - C O M M + 4 % Y o Y C O M P AR AB L E D I R E C T L Y O P E R AT E D S T O R E S 1,673 76% WESTERN NORTH JAPAN +14 NET IN Q1 23 ASIA ROW (+1PT YOY) EUROPE AMERICA PACIFIC +15% -18% +30% +10% -1% 24% WHOLESALE WHOLESALE ROYALTIES (-1P
Slide 7: Gucci Q1 Revenue
Q1 23 REVENUE: +1% REPORTED AND +1% COMPARABLE (in €m, and YoY comparable growth in %) +1% +16% 2,616 2,591 -7% Q1 22 Retail Wholesale Royalties Q1 23 and others 92% of Q1 sales • ENCOURAGING DEVELOPMENTS – Growth in all key product categories, led by Handbags, Travel, W RTW – Strong pipeline and go
Slide 8: Saint Laurent Q1 Revenue
Q1 23 REVENUE: +9% REPORTED, +8% COMPARABLE (in €m, and YoY comparable growth in %) +14% +15% 806 -12% 739 Q1 22 Retail Wholesale Royalties Q1 23 and others 76% of Q1 sales • HEALTHY RETAIL GROWTH – Driven by Leather Goods and RTW – Unabated appeal of carryovers, strong perform ance of Fall & W inte
Slide 9: Bottega Veneta Q1 Revenue
Q1 23 REVENUE: -0% REPORTED, +0% COMPARABLE (in €m, and YoY comparable growth in %) +5% 396 395 -14% -24% Q1 22 Retail Wholesale Royalties Q1 23 and others 80% of Q1 sales • QUALITY GROWTH IN RETAIL – Top-ranked W inter 23 Fashion Show, instant success of new launches, strong pillar lines, AUR up sh
Slide 10: Other Houses
OTHER HOUSES Q1 23 REVENUE: -9% REPORTED AND -9% COMPARABLE (in €m, and YoY comparable growth in %) +7% 973 +18% 890 -32% Q1 22 Retail Wholesale Royalties Q1 23 & Other 67% of Q1 sales • RETAIL: ALL HOUSES UP – Positive trends at Balenciaga and Alexander McQueen – Brioni perform ing strongly across
Slide 11: Kering Eyewear and Corporate
KERING EYEWEAR AND CORPORATE Q1 23 REVENUE (in €m, and YoY growth in %) +44% +33% 433 +11% 308 300 -8 Total Q1 22 Scope Q1 22 Kering Comparable Scope Q1 23 Kering Eyewear and FX Eyewear • STRONG START TO THE YEAR – Growth across key brands and areas – Significant contribution from Maui Jim, integrat
Slide 12: Conclusion
CONCLUSION
Slide 13: Q&A
Q&A
Slide 14: Appendix
APPENDIX
Slide 15: Gucci Q1 2023 Quarterly Performance
Q1 2023 REVENUE €2,616m +1% REPORTED, +1% COMPARABLE DIRECTLY OPERATED STORES REVENUE BREAKDOWN BY REGION As of March 31, 2023 (net change vs. YE 22) RoW Western Europe RoW 7% Western Europe 67 (+3 net) 103 (0 net) 20% Asia Pacific Asia Pacific 534 North America 45% 180 (-1 net) 112 (+5 net) Japan J
Slide 16: Saint Laurent Q1 2023 Quarterly Performance
Q1 2023 REVENUE €806m +9% REPORTED, +8% COMPARABLE DIRECTLY OPERATED STORES REVENUE BREAKDOWN BY REGION As of March 31, 2023 (net change vs. YE 22) RoW RoW Western Europe 7% Western Europe 24 (+1 net) 58 (+1 net) 28% Asia Pacific Asia Pacific 31% 281 108 (-1 net) Japan North America Japan North Amer
Slide 17: Bottega Veneta Q1 2023 Quarterly Performance
Q1 2023 REVENUE €395m -0% REPORTED, +0% COMPARABLE DIRECTLY OPERATED STORES REVENUE BREAKDOWN BY REGION As of March 31, 2023 (net change vs. YE 22) RoW Western Europe RoW 8% Western Europe 20 (+0 net) 55 (+0 net) 26% Asia Pacific Asia Pacific North America 271 37% 110 (+0 net) 40 (+1 net) Japan Japa
Slide 18: Other Houses Q1 2023 Quarterly Performance
OTHER HOUSES Q1 2023 REVENUE €890m -9% REPORTED, -9% COMPARABLE DIRECTLY OPERATED STORES REVENUE BREAKDOWN BY REGION As of March 31, 2023 (net change vs. YE 22) RoW Western Europe RoW 7% Western Europe 30 (+0 net) 126 (-2 net) 32% Asia Pacific Asia Pacific North America 587 38% 268 (+6 net) 78 (+3 n
Slide 19: Kering Houses and Photo Credits
Gucci • Saint Laurent • Bottega Veneta • Balenciaga • Alexander McQueen • Brioni Boucheron • Pomellato • Dodo • Qeelin Kering Eyewear Photo credits: page 3: Melrose Avenue Store LA - Photography: Pablo Enriquez / page 7: Gucci Bamboo 1947 campaign – Photography: David Sims
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