Capri Holdings Limited · NYSE:CPRI
Capri — Q1 2021 Earnings Presentation
9 slides from Capri's earnings presentation, Aug 5, 2020
Slide 1: 1Q Fiscal Year 2021 Earnings Presentation
1Q Fiscal Year 2021 Earnings Presentation August 5, 2020
Slide 2: 1Q 2021 Highlights
1Q 2021 HIGHLIGHTS • Revenue trends improved sequentially through 1Q21 and into July • 1Q21 E-commerce sales up approximately 30% • 98% of stores have reopened • Strong full-price sales of accessories • 1Q21 Gross Margin expansion of 480bps • Ended quarter with $1.1 billion of liquidity 2
Slide 3: Monthly Sales Trends
MONTHLY SALES TRENDS Trends improved sequentially throughout 1Q 25% 4Q20 1Q21 0% Year-over-year percent change (25)% (50)% (75)% (100)% Jan Feb Mar Apr May Jun Total Sales Retail Sales 3
Slide 4: Monthly Retail Sales Trends
MONTHLY RETAIL SALES TRENDS Improving retail sales trends across all regions Total Global Asia 25% 25% 4Q 20 1Q 21 2Q 21 4Q 20 1Q 21 2Q 21 Year-over-year percent change Year-over-year percent change 0% 0% (25)% (25)% (50)% (50)% (75)% (75)% (100)% (100)% Jan Feb Mar Apr May Jun Jul Jan Feb Mar Apr M
Slide 5: Liquidity and Net Debt
LIQUIDITY AND NET DEBT Liquidity Net Debt $1.9B $1.6B $1.6B $1.1B $0.9B $0.7B 3Q20 4Q20 1Q21 3Q20 4Q20 1Q21 Net Debt = Total Debt Less Cash and Cash Equivalents 5
Slide 6: Brand update: e-commerce and accessories highlights
• E-commerce up triple digits YTD • Encouraging sales of Virtus accessories collection • Strong recovery in Mainland China in 1Q21 • Sequential retail sales improvements through July • Social media followers +13% year-over-year to 39M 6
Slide 7: Brand update: e-commerce and collection highlights
• Sequentially improving E-commerce growth YTD • Fashion active penetration nearly doubled in 1Q • JC Signature Varenne remains best selling collection • Strong recovery in Mainland China • Sequential retail sales improvements through July • Social media followers +6% year-over-year to 17M 7
Slide 8: Brand update: e-commerce and watch sales highlights
• E-commerce growth approximately 35% YTD • Signature continues to perform and grew to 35% • GM expanded driven by higher AUR and channel mix • Recent inflection in watch sales • Sequential retail sales improvements through July • Social media followers +6% year-over-year to 49M • Global database +1
Slide 9: 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