Capri Holdings Limited · NYSE:CPRI
Capri — Morgan Stanley Global Consumer & Retail Conference 2018
12 slides from Capri's conference presentation, Nov 13, 2018
Slide 1: Morgan Stanley Global Consumer & Retail Conference
Morgan Stanley Global Consumer & Retail Conference CAPRI HOLDINGS LIMITED John Idol, Chairman & Chief Executive Officer Tom Edwards, Chief Financial & Chief Operating Officer 1
Slide 2: Our Global Fashion Luxury Group
OUR GLOBAL FASHION LUXURY GROUP MICHAEL KORS MICHAEL KORS • THREE ICONIC GLOBAL FOUNDER LED BRANDS • LEADERS IN STYLE AND TREND • POSITIONED FOR ACCELERATED REVENUE AND EARNINGS GROWTH 2
Slide 3: Enhanced Leadership Position in the Global Luxury Market
ENHANCED LEADERSHIP POSITION IN THE GLOBAL LUXURY MARKET 1 PRO FORMA ANNUAL SALES $850 MILLION $585 MILLION $4.5 BILLION $6.0 BILLION STORE COUNT 200 191 847 1,238 Europe Americas Americas 18% Europe 18% Europe 25% 24% Europe 36% 45% Asia SALES BY 13% Americas Americas 57% GEOGRAPHY 69% Asia Asia 19
Slide 4: Future Revenue Growth to $8 Billion
FUTURE REVENUE GROWTH TO $8 BILLION +33% Revenue in US Dollars, Billions 4
Slide 5: The Fame of Gigi Hadid
THE FAME OF Gigi Hadid 5
Slide 6: The Power of the Brand
THE POWER OF THE BRAND SOCIAL MEDIA LEADERSHIP1 RED CARPET PRESENCE DONATELLA Louis Vuitton Dolce & Gabbana Versace Burberry Valentino Jimmy Choo Marc Jacobs Saint Laurent 0 5 10 15 20 25 30 1Millions of Instagram followers. Source: ListenFirst “Luxury Fashion Universe” 6
Slide 7: Business Profile
BUSINESS PROFILE REVENUE BY REGION REVENUE BY CHANNEL Americas Licensing 18% 7% Wholesale 29% Asia 46% Retail Europe 64% 36% REVENUE BY PRODUCT1 REVENUE BY GENDER1 Other Licensing & 9% Other Accessories 12% 24% Women's 39% Footwear 13% Ready to Wear Men's 54% 49% Source: All figures represent 2017 A
Slide 8: The Growth Opportunity
THE GROWTH OPPORTUNITY OPPORTUNITY TO GROW VERSACE TO $2 B IN SALES 1. BUILD ON VERSACE’S LUXURY RUNWAY MOMENTUM 2. ENHANCE VERSACE’S POWERFUL AND ICONIC MARKETING 3. INCREASE GLOBAL RETAIL FOOTPRINT FROM APPROXIMATELY 200 TO 300 STORES 4. ACCELERATE E-COMMERCE & OMNI-CHANNEL DEVELOPMENT $2 B ~2.5x
Slide 9: Financial Performance
FINANCIAL PERFORMANCE REVENUE, EBITDA & STORES $2,000 $1,200 $850 $775 HIGH TEENS MID RANGE EBITDA TEENS HIGH RANGE MID SINGLE SINGLE DIGITS EBITDA DIGITS EBITDA EBITDA F2018 F2019 F2022 GOAL STORES: 220 190 250 300 USD, millions 9
Slide 10: Growth Initiatives: Versace
GROWTH INITIATIVESVERSACE • $1B REVENUE GOAL • EXPAND GLOBAL RETAIL FOOTPRINT • ACCELERATE FOOTWEAR GROWTH • GROW ACCESSORIES TO 50% OF REVENUES 10
Slide 11: Michael Kors Growth Initiatives
MICHAEL KORS GROWTH INITIATIVES • $5B REVENUE GOAL • BUILD ON RUNWAY 2020 MOMENTUM • PRODUCT INNOVATION • BRAND ENGAGEMENT • CUSTOMER EXPERIENCE • GROW ASIA BUSINESS TO $1B • ACCELERATE MENSWEAR BUSINESS 11
Slide 12: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS 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 Michae
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