Industria De Diseno Textil, S.a. · BME:ITX

Industria De Diseno Textil — Inditex — Investor Presentation (2012)

39 slides from Industria De Diseno Textil's investor presentation, 2012

  1. Slide 1: Global Growth Opportunities

    Global Growth Opportunities

  2. Slide 2: Disclaimer

    Disclaimer This document is of a purely informative nature and does not constitute an offer to sell, exchange or buy, or the solicitation of an offer to buy, securities issued by any of the companies mentioned herein. This document contains forward-looking statements. All statements other than state

  3. Slide 3: Highlights

    Highlights Global fashion retailer 8 independent concepts  5,900 stores / Online sales  Sales €13.8 Bn  Cash flow €2.6 Bn  Market cap. €62 Bn Unique business model 3

  4. Slide 4: Global fashion retailer

    Global fashion retailer  5 continents  87 markets  Northern and southern hemisphere 4

  5. Slide 5: Business Model

    INDITEX Business Model

  6. Slide 6: Flexible, integrated business model

    Flexible, integrated business model Design Store Manufacturing Distribution & & Sourcing Logistics 6

  7. Slide 7: Customer driven

    Customer driven  Compelling mix of latest fashions and quality at affordable prices  Unique product strategy  36,000 new designs per year  delivery to stores 2-6 times per week  Customer interaction  daily in-store feedback allows constant modification of collections  Attractive stores in pri

  8. Slide 8: Distribution and logistics

    Distribution and logistics  Central distribution  Shipment to all stores worldwide twice a week  Orders to stores in 24-48 hours 8

  9. Slide 9: Retail experience

    Retail experience  Latest fashion trends  Fresh items twice a week  Prime locations  Direct communication No traditional advertising 9

  10. Slide 10: Strong growth

    Strong growth Net Sales (€ billion) 13.8 12.5 11.1 10.4 9.4 8.2 10 2006 2007 2008 2009 2010 2011

  11. Slide 11: Global opportunity

    Global opportunity  Business model avoids the main fixed costs associated with international expansion  Central inventory position  No local distribution centers per market  No advertisement when entering a new market  Lean head office per market servicing all formats  Online sales 11

  12. Slide 12: Diversified sales platform

    Diversified sales platform Store sales (%) 1H2012 1H2011 Asia & RoW Europe ex-Spain 44% 45% Europe Spain 22% 26% Americas ex-Spain Asia & RoW 20% 17% Spain Americas 14% 12% Store sales: Includes sales in OMS and franchises 12

  13. Slide 13: Multi-concept strategy

    Multi-concept strategy  Market segmentation through distinctive concepts  Independent management teams  All share same business model  A global presence Pull&Bear Zara Zara Massimo Dutti Bershka Stradivarius Oysho Home Uterqüe 1975 1991 1998 1999 2001 2003 2008 13

  14. Slide 14: Global online sales

    Global online sales From 29 Oct 2007 Zara Home Europe: Austria, Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Monaco, Netherlands, Portugal, Spain, Sweden, UK, Switzerland, Norway, Finland, Poland 2 Sept 2010 Zara Spain, Portugal, France, Germany, Italy, UK 4 Nov 2010 Zara N

  15. Slide 15: Inditex Concepts

    INDITEX Inditex Concepts

  16. Slide 16: Multi-concept approach

    Multi-concept approach INDITEX ZARA Mom Dae PULL&BEAR Bershka [gece ZARA HOME OYSHO 16

  17. Slide 17: Operating autonomy, central support

    Operating autonomy, central support Arteixo (La Coruña) Tordera (Barcelona) Inditex Massimo Dutti Zara Bershka Zara Home Oysho Uterqüe Narón (La Coruña) Pull&Bear Sallent (Barcelona) Stradivarius 17

  18. Slide 18: Multi-concept strategy

    Multi-concept strategy Age Target Sales Breakdown Zara Massimo Dutti Pull&Bear Non- Bershka Zara Stradivarius Zara Oysho Zara Home Uterqüe 0 10 20 30 40+ 18

  19. Slide 19: Zara

    Zara  Latest fashions for women, men and children  Headquarters in Arteixo (A Coruña)  FY 11 Sales: €8.9bn  FY 11 EBIT: €1.7bn  H1 12 Stores: 1,863 19

  20. Slide 20: Massimo Dutti

    Massimo Dutti  Elegant design with excellent quality for men, women and children  Headquarters and distribution centre in Tordera (Barcelona)  FY11 Sales: €1bn  FY11 EBIT: €238m  1H12 Stores: 592 20

  21. Slide 21: Pull&Bear

    Pull&Bear  Casual fashion and sport styles for young men and women (14 to 28)  Headquarters and distribution centre in Narón (A Coruña)  FY11 Sales: €1bn  FY11 EBIT: €140m  1H12 Stores: 770 21

  22. Slide 22: Bershka

    Bershka  Latest fashions for young women and men (13 to 23)  Headquarters and distribution centre in Tordera (Barcelona)  FY11 Sales: €1.3bn  FY11 EBIT: €159m  1H12 Stores: 839 22

  23. Slide 23: Stradivarius

    Stradivarius  Urban fashion at attractive prices for young women (18 to 35)  Headquarters and distribution centre in Sallent (Barcelona)  FY11 Sales: €871m  FY11 EBIT: €192m  1H12 Stores: 716 23

  24. Slide 24: Oysho

    Oysho  Latest trends in women’s loungewear, lingerie and undergarments  Headquarters and distribution centre in Tordera (Barcelona)  FY11 Sales: €313m  FY11 EBIT: €36m  1H12 Stores: 498 24

  25. Slide 25: Zara Home

    Zara Home  Textiles for bed, bath and table complemented by decorative items  Headquarters in Arteixo (A Coruña)  FY11 Sales: €317m  FY11 EBIT: €39m  1H12 Stores: 325 25

  26. Slide 26: Uterqüe

    Uterqüe  Premium accessories (bags, shoes, costume jewellery)  Headquarters and distribution centre in Tordera (Barcelona)  FY11 Sales: €68m  1H12 Stores: 90 26

  27. Slide 27: Financial Summary

    Financial Summary

  28. Slide 28: Highlights

    Highlights Billion € FY2011 % 11/10 Net sales 13.8 10% Gross profit 8.2 10% EBITDA 3.3 10% Net income 1.9 12% 28

  29. Slide 29: Outlook

    INDITEX Outlook

  30. Slide 30: Outlook

    Outlook  Global growth opportunities  Outlook FY2012 30

  31. Slide 31: Global growth opportunities

    Global growth opportunities  Inditex: strong growth potential  Flexible business model  Latest fashion trends at the right time at affordable prices  Multi-concept  Online sales  Business model avoids the main fixed costs associated with international expansion 31

  32. Slide 32: Global growth opportunities

    Global growth opportunities  Growth in Europe  Significant growth opportunities in Western and Eastern Europe  All concepts  Online sales in 18 markets. Further expansion over 2012 32

  33. Slide 33: Global growth opportunities

    Global growth opportunities  Growth in Asia: Leveraging on a strategic presence  Strong growth opportunities. Multi-concept & online sales expansion  Strong presence in China and Japan  Online sales for Zara in Japan (Oct 11) and China (Sep 12). 33

  34. Slide 34: Global growth opportunities

    Global growth opportunities  Growth in the Americas  Attractive growth markets  US online sales for Zara (Sep 11), Massimo Dutti and Zara Home (Oct 12)  Multi-concept expansion: Massimo Dutti in US and Canada, Stradivarius in Mexico, Zara Home in Brazil 34

  35. Slide 35: Global growth opportunities

    Global growth opportunities  Australia, South Africa and Taiwan launched in 2011  Ongoing expansion 35

  36. Slide 36: Global online sales expansion

    Global online sales expansion  Zara: Europe, Asia, Americas  Concepts: Europe, US  Progressive rollout in all markets 36

  37. Slide 37: FY2012: Outlook

    FY2012: Outlook Store opening programme Range Zara 125 130 Pull & Bear 50 55 Massimo Dutti 55 60 Bershka 70 75 Stradivarius 90 95 Oysho 45 50 Zara Home 40 45 Uterqüe 5 10 Total net openings 480 520  Ordinary Capital Expenditure c. 1 billion € 37

  38. Slide 38: FY2012: Outlook

    FY2012: Outlook  FY 2011 Shareholder remuneration  12.5% increase over FY2010  FY2011 dividend proposal 1.80 € per share payable: • 2 May: 0.90 € ordinary • 2 November: 0.70 € ordinary + 0.20 € bonus  1.1 billion € to be distributed to shareholders 38

  39. Slide 39: Global Growth Opportunities

    Global Growth Opportunities

Inditex — Investor Presentation (2012) on 6ix