Fossil Group, Inc. · NASDAQ:FOSL
Fossil — Investor Presentation (March 2025)
27 slides from Fossil's investor presentation, March 2025
Slide 1: Fossil Group March 2025 Investor Deck
FOSSIL GROUP March 2025 Investor Deck 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain statements contained herein that are not historical facts, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. The actual results of the future events describ
Slide 3: Table of Contents
Table of Contents Section Pg. # Company Overview 1 Q4 Results 10 Turnaround Plan 12 Outlook 19 Appendix 21 3
Slide 4: Company Overview
Company Overview FOSSIL
Slide 5: Company Overview
Company Overview 2024 Net Sales in Constant Currency We create distinctive watches and accessories with some of the greatest brands in the world. We bring them to life for our customers across over 30,000 points of distribution and 140 countries Segment Category Jewelry For 40 years, FOSSIL GROUP ha
Slide 6: Company History
Company History 1997 2001 2013 40 Years! Licensing: Emporio Armani Acquire Zodiac Establish FOSSIL 2024 2025 1984 2004 Foundation First FOSSIL Founded 1993 1999 Acquire Michele 2017-2019 Michele Ambassador: Company Licensing: Licensing: 2012 2015 Ambassador Nick Jonas IPO: FOSL Diesel Michael Kors A
Slide 7: 40-year history & rich brand heritage
We have the foundational assets to drive the business forward Iconic Brands Innovative Designs Global Reach Talented Teams 40-year history & rich brand heritage 7
Slide 8: Recent Global Rankings
Recent Global Rankings The FOSSIL Brand is Garnering Global Recognition World’s Fashion Best Jewelry of Brands the Year FOSSIL Brand Raquel Watch Ring ranked #4 in won the ‘Fashion global watch Jewelry of the Year’ market 2024, award at Inhorgenta Time Magazine in Munich, Germany 8
Slide 9: The Global Market for Traditional Watches is Growing
The Global Market for Traditional Watches is Growing Key Highlights Size ($B)(2) $82B $82B $87B $92B $96B $100B % YoY +10.3% +0.1% +6.2% +5.2% +4.6% +4.5% In addition to our recent accolades, and our foundation Actual assets, the traditional watch growth projections lead us to believe there are addi
Slide 10: Fourth Quarter 2024 Highlights
Fourth Quarter 2024 Highlights 10
Slide 11: Q4 2024 Results
Q4 2024 Results Sales and Adjusted Operating Income1 Above Expectations Selling, General & Worldwide Net Sales Gross Margin Administrative Expenses $342M -18% Constant Currency vs prior year period 53.9% +630 Basis Points vs prior year period $172M -17% vs prior year period ● FOSSIL traditional watc
Slide 12: Fossil Group Turnaround Plan
FOSSIL GROUP Turnaround Plan 12
Slide 13: Three Turnaround Pillars Designed to Return Fossil Group to Profitable Growth
Three Turnaround Pillars Designed to Return FOSSIL GROUP to Profitable Growth Refocus our Core Right-Size our Strengthen our Cost Structure Balance Sheet ● Launch a new FOSSIL Brand Platform ● Align cost structure to new ● $177 million of liquidity at strategy, scope and scale 12/28/24 ● Leverage our
Slide 14: Refocus our Core: Launch A New FOSSIL Brand Platform
Refocus our Core: Launch A New FOSSIL Brand Platform Actions are underway to engage consumers with a new FOSSIL Brand Platform Launch a global, Reimagine omnichannel campaign Leverage FOSSIL Emphasize heritage FOSSIL.com website featuring celebrity Innovation Labs brand storytelling ambassador Nick
Slide 15: Refocus our Core: Leverage Core Licensed Brands
Refocus our Core: Leverage Core Licensed Brands Prioritizing our Core Licensed Brand Partners NEW! Michael Kors Wholesale Fixture Extended our license Reinvigorating wholesale presence agreement for Michael Lowering minimum royalties 1. Invest in POS Kors with key partners 2. Renewed focus on Specia
Slide 16: Refocus our Core: Optimize Global Wholesale Footprint
Refocus our Core: Optimize Global Wholesale Footprint Global Market Priorities ● Prioritizing scalable markets, including the US, France, Germany and India, where we have a strong presence, brand awareness and long-term partners ● Transitioning to a distributor model in smaller geographies within Eu
Slide 17: Refocus our Core: Drive Channel Profitability
Refocus our Core: Drive Channel Profitability Prioritizing Wholesale Transforming Direct-to-Consumer ● Opportunity to become a smaller, more profitable business Prioritizing Wholesale ● Provide a seamless omni-channel experience ● Enhancing visual ● Deliver personalized customer journeys merchandising
Slide 18: Talented and Committed Management Team
Talented and Committed Management Team Franco Fogliato, Chief Executive Officer Randy Greben, Chief Financial Officer Joe Martin, Chief Commercial Officer Melissa Lowenkron, Chief Brand Officer Antonio Carriero, Chief Digital Information Officer, General Manager EMEA 18
Slide 19: Financial Outlook
Financial Outlook FOSSIL
Slide 20: Multi-Year Financial Outlook
Multi-Year Financial Outlook 2025 2027 Down Mid-High Worldwide Net Sales1 Teens $800M+ Adjusted Operating Income Negative Low-Single Margin2 Digits Mid-High Single Digits Free Cash Flow Positive 1 Includes approximately $45 million or 4 points of expected impact related to store closures. 2 A reconc
Slide 21: Appendix
Appendix FOSSIL
Slide 22: Q4/Full Year Financial Results - Net Sales
Q4/Full Year Financial Results - Net Sales 22
Slide 23: Q4/Full Year Financial Results - Consolidated Income Statement
Q4/Full Year Financial Results - Consolidated Income Statement 23
Slide 24: Q4/Full Year Financial Results - Adjusted EBITDA
Q4/Full Year Financial Results - Adjusted EBITDA (1) Prior period amounts have been adjusted to conform to the current period presentation. 24
Slide 25: Q4/Full Year Financial Results - GAAP to Non-GAAP Financial Measures
Q4/Full Year Financial Results - GAAP to Non-GAAP Financial Measures 25
Slide 26: Q4/Full Year Financial Results - Consolidated Balance Sheet
Q4/Full Year Financial Results - Consolidated Balance Sheet 26
Slide 27: Fossil Group
FOSSIL GROUP