Signet Jewelers Limited · NYSE:SIG
Signet Jewelers — Q1 FY2013 Earnings Presentation
15 slides from Signet Jewelers's earnings presentation, May 24, 2012
Slide 1: Q1 Fiscal 2013 Results
Q1 Fiscal 2013 Results Thursday, May 24, 2012
Slide 2: Forward Looking Statements & Other Disclosure Matters
Forward Looking Statements & Other Disclosure Matters Forward-Looking Statements - This presentation contains statements which are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, based upon management’s beliefs and expectations
Slide 3: Q1 Fiscal 2013 Results Highlights
Q1 Fiscal 2013 Results Highlights Same store sales up 1 1.2% 2% US division up 1.2% UK division up 1.2% Income before income taxes $128.5 million, up 9.1% Diluted earnings g pper share $0.96,, up p 10.3% 3
Slide 4: US Performance
US Performance Sales Change in same Change in store sales sales Q1 Fiscal 2013 Kay $452.6m 2.9% 4.0% Jared $231.6m 0.2% 1.7% R i Regionals l $67 3 $67.3m (6 0)% (6.0)% (10 0)% (10.0)% US division $751.5m 1.2% 1.8% Operating income income, net $137 7m $137.7m up 9 9.1% 1% Operating margin 18.3% up 12
Slide 5: Mother's Day Results
Mother’s Day Results “It It is all about Mom Mom” May M month-to-date th t d t US same store sales up approximately i t l 21% 21%, Up approximately 9% when adjusted for timing shift 5
Slide 6: UK Performance
UK Performance S l Sales Change in Ch i Change in Ch i same store sales at sales CER1 Q1 Fiscal 2013 H.Samuel $80.1m 1.8% 2.7% Ernest Jones $68 4m $68.4m 0 6% 0.6% (0 1)% (0.1)% UK division $148.5m 1.2% 1.4% Operating income, net $(3.0)m Operating margin (2.0)% down 190 bpts 1. CER=Constant Exchange
Slide 7: Performance Drivers
Performance Drivers Merchandising initiatives Customer experience Marketing g investment 7
Slide 8: Strategic Imperatives
Strategic Imperatives Develop & train our team members to consistently enhance the retail experience of our customers Grow new & existing brands & categories to delight customers Drive competitive strengths & infrastructure to enable growth g Optimize capital structure to manage risk & make
Slide 9: Q1 Fiscal 2013 Sales Performance
Q1 Fiscal 2013 Sales Performance US UK Signet g Sales Q1 Fiscal 2013 $m 751.5 148.5 900.0 Sales Q1 Fiscal 2012 $m 738.0 149.3 887.3 Change in sales % % % Change in same store sales 1.2 1.2 1.2 Change in store space, net 0.6 0.2 0.6 Change in total sales at constant 1.8 1.4 1.8 exchange rate1 Exchang
Slide 10: Q1 Fiscal 2013 Reconciliation
Q1 Fiscal 2013 Reconciliation % of sales Income before tax Q1 Fiscal 2012 $117.8m 13.3% Gross margin movement $4.0m (0.1)% Selling, general & admin. expense movement $(0.7)m 0.3% Other operating income movement $7.4m 0.8% Operating income movement $10.7m 1.0% Net interest movement - - Income before
Slide 11: Cash Flow
Cash Flow Q1 Fiscal Q1 Fiscal 2013 2012 $m $m Net cash provided by operating activities 34.0 105.3 Net cash used in investing activities (18.6) (12.9) Free cash flow1 15.4 92.4 Net cash used in financing activities (102 6) (102.6) (0 2) (0.2) (Decrease)/increase in cash & cash (87.2) 92.2 equivalent
Slide 12: Fiscal 2013 Financial Objectives
Fiscal 2013 Financial Objectives j Signet’s goal is to deliver record results & make strategic investments for future growth increase sales & gain profitable market share maintain gross margin rate while offsetting commodity costs at a minimum to maintain SG&A to sales ratio i invest $145
Slide 13: Q1 Fiscal 2013 Results
Q1 Fiscal 2013 Results Thursday, May 24, 2012
Slide 14: Appendix Regulation G
Appendix Regulation G THE JEWELLER
Slide 15: Exchange Translation Impact on Q1 Fiscal 2013 Results
Exchange Translation Impact on Q1 Fiscal 2013 Results Signet has historically used constant exchange rates to compare period-to-period changes in certain financial data. Management considers this a useful measure for analyzing changes and trends in results. The impact of the re-calculation, includin