H&m Hennes & Mauritz Ab Class B · OMXSTO:HM_B
H&m Hennes & Mauritz Ab Class B — FY2014 Earnings Presentation
19 slides from H&m Hennes & Mauritz Ab Class B's earnings presentation, Jan 28, 2015
Slide 1: Telephone Conference 28 January 2015 Full-Year Report
H & M Hennes & Mauritz AB TELEPHONE CONFERENCE 28 JANUARY 2015 FULL-YEAR REPORT
Slide 2: Presenters: Nils Vinge and Jyrki Tervonen
• NILS VINGE INVESTOR RELATIONS • JYRKI TERVONEN CHIEF FINANCIAL OFFICER
Slide 3: 2014 in Brief
2014 IN BRIEF • 2014 a very good year for H&M – well-received collections for all Group brands – continued strong expansion in stores and online – increased market share • Substantial long-term investments within IT, online, new brands and broadening of the product range • Good cost control maintain
Slide 4: Sales
SALES SEK m incl. VAT 200,000 + 18% 176,620 150,000 150,090 100,000 2013 2014 + 17% 50,000 42,610 49,656 0 Q4 Full year
Slide 5: Sales per Market
SALES PER MARKET TEN LARGEST MARKETS, FULL YEAR 2014 Number of stores Germany 440 US 356 UK 253 France 205 China 291 Sweden 176 Netherlands 135 Italy 132 Spain 159 Switzerland 93 SEK m 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000
Slide 6: Gross Profit and Gross Margin
GROSS PROFIT AND GROSS MARGIN Gross profit SEK m 100,000 58.8% 80,000 59.1% 89,052 76,025 60,000 40,000 60.4% 60.8% 20,000 25,774 22,181 0 Q4 Full year
Slide 7: SG&A
SG&A SEK m 80,000 + 18% 60,000 63,469 53,935 40,000 2013 2014 20,000 + 20% 18,043 14,999 0 Q4 Full year
Slide 8: Profit After Financial Items
PROFIT AFTER FINANCIAL ITEMS SEK m 40,000 30,000 + 15% 25,895 20,000 22,448 2013 2014 10,000 + 7% 7,259 7,799 0 Q4 Full year
Slide 9: Sales and Profits - Fourth Quarter
SALES AND PROFITS FOURTH QUARTER SEK m 2014 2013 Sales excluding VAT 42,644 36,495 Gross profit 25,774 22,181 gross margin, % 60.4 60.8 Operating profit 7,731 7,182 operating profit, % 18.1 19.7 Net interest income 68 77 Profit after financial items 7,799 7,259 Tax -1,577 -1,710 Profit for the perio
Slide 10: Sales and Profits - Full Year
SALES AND PROFITS FULL YEAR SEK m 2014 2013 Sales excluding VAT 151,419 128,562 Gross profit 89,052 76,025 gross margin, % 58.8 59.1 Operating profit 22,583 22,090 operating margin, % 16.9 17.2 Net financial income 312 358 Profit after financial items 25,895 22,448 Tax -5,919 -5,355 Profit for the y
Slide 11: Key Data
KEY DATA SEK m 30 Nov 2014 30 Nov 2013 Stock-in-trade 19,403 16,695 Cash flow from current operations 24,156 23,840 Investments 9,391 8,027 Liquid funds and short-term investments 16,693 17,224 Dividend (SEK) 9:75* 9:50 Return on equity, % 41.3 38.4 Average number of employees** 93,351 81,099 * prop
Slide 12: Expansion
EXPANSION
Slide 13: Store Expansion 2014-2015
STORE EXPANSION 2014-2015 • Total 3,511 stores in 55 markets 2014, including all H&M Group brands – 379 new stores net added in 2014 – Australia and Philippines new H&M markets • Approx. 400 new stores net planned for 2015 – Taiwan, Peru, Macau, South Africa and India new markets – China and the US
Slide 14: Other Group Brands
OTHER GROUP BRANDS • H&M’s expansion also includes & Other Stories, COS, Monki, Weekday and Cheap Monday – six new markets for COS in 2014 – & Other Stories and COS very well received in the US in 2014 • For & Other Stories and COS even more new stores are planned to open in 2015 compared to 2014
Slide 15: H&M Shop Online
H&M SHOP ONLINE • Rapid expansion of H&M’s online store, hm.com – Four new large online markets 2014 – France, Italy, Spain and China • Nine new online markets 2015 – Belgium, Bulgaria, the Czech Republic, Hungary, Poland, Portugal, Romania, Slovakia and Switzerland
Slide 16: Broadening H&M's Product Range
BROADENING H&M’S PRODUCT RANGE • Extended product range with H&M Home, and in 2014 H&M Sport and extended shoe range • H&M Home to approx. 100 additional stores and approx. 10 new markets in 2015 • H&M Beauty to launch autumn 2015 – new, broad concept for make-up, body care and hair care – approx. 9
Slide 17: H&M Spring/Summer 2015
H&M SPRING/SUMMER 2015
Slide 18: H&M Spring/Summer 2015
H&M SPRING/SUMMER 2015 4M
Slide 19: H & M Hennes & Mauritz AB
é H & MHennes & Mauritz AB
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