Burberry Group Plc · LSE:BRBY
Burberry — Q3 2019 Earnings Presentation
12 slides from Burberry's earnings presentation, Jan 22, 2019
Slide 1: Q3 2019 Trading Update
BURBERRY LONDON ENGLAND Q3 2019 TRADING UPDATE
Slide 2: Strategic Highlights
STRATEGIC HIGHLIGHTS Frequent product drops Continuing to build brand heat Shifting consumer perception Positive wholesale response to Riccardo’s Autumn/Winter 2019 collection 2
Slide 3: Consistent Comparable Store Sales Growth Across All Regions
CONSISTENT COMPARABLE STORE SALES GROWTH ACROSS ALL REGIONS EMEIA Small improvement in AMERICAS tourist spending Softer footfall ASIA PACIFIC Mainland China improved GROUP +1% 3
Slide 4: Group Retail Sales
GROUP RETAIL SALES +1% -1% -2% -1% -2% +1% £719m £706m £711m Q3 (end Dec 17) Comp Space IFRS & Retail CER FX Q3 (end Dec 18) calendar* *Growth at CER includes impact of retail calendar -1.1% and IFRS 15 -0.4%. 4
Slide 5: Delivering Riccardo's Product
DELIVERING RICCARDO’S PRODUCT AVAILABLE PRODUCT % of total INDICATIVE 100% Riccardo product FEB-APR ‘19 MAY-AUG ‘19 SEP ‘19 Note: mainline and digital only 5
Slide 6: Outlook for FY 2019
OUTLOOK FOR FY 2019 COST SAVINGS On track for £100m cumulative cost savings GUIDANCE MAINTAINED CAPITAL SPEND Broadly stable revenue and operating margin at CER c£130m CURRENCY Headwind c£25m to operating profit 6
Slide 7: Summary
SUMMARY Excited and well prepared for the launch of Riccardo’s debut collection in stores Delivery of strategic milestones and execution of plan on track 7
Slide 8: Appendix
APPENDIX
Slide 9: Disclaimer
DISCLAIMER The financial information contained in this presentation is unaudited. Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to d
Slide 10: Alternative Performance Measures
ALTERNATIVE PERFORMANCE MEASURES All metrics and commentary in this presentation are at reported FX and exclude adjusting items unless stated otherwise. Constant exchange rates (CER) removes the effect of changes in exchange rates compared to the prior period. This takes into account both the impact
Slide 11: Foreign Exchange Rates
FOREIGN EXCHANGE RATES Forecast effective rates for Actual Exchange rates FY 2019 average exchange rates 31 December 31 October 2018 2018 FY 2018 £1= 1.12 1.13 Euro 1.13 1.30 1.30 US Dollar 1.33 8.79 8.88 Chinese Yuan Renminbi 8.79 10.17 10.18 Hong Kong Dollar 10.37 1,445 1,459 Korean Won 1,473 Curr
Slide 12: IR Contacts
IR CONTACTS Annabel Gleeson REPORTING CALENDAR Head of Investor Relations Prelim results 16 May 2019 annabel.gleeson@burberry.com Rachel Byrne Director, Investor Relations Horseferry House rachel.byrne@burberry.com Horseferry Road London Sophie Parker SW1P 2AW Investor Relations Coordinator Tel: +44