Compagnie Financiere Richemont Sa · SIX:CFR
Compagnie Financiere Richemont Sa — Richemont — Q3 FY2024 Earnings Presentation
12 slides from Compagnie Financiere Richemont Sa's earnings presentation, February 2024
Slide 1: Q3-24 Trading Update
Q3-24 TRADING UPDATE 31 DECEMBER 2023
Slide 2: Forward-looking statements disclaimer
Certain of the matters discussed in this document about our and our subsidiaries’ future performance, including, without limitation, store openings and closings, product introductions, sales, sales growth, sales trends, store traffic, Richemont's strategy and initiatives and the pace of execution th
Slide 3: Q3-24 Highlights: Robust Sales Growth Overall
Q3-24 HIGHLIGHTS: ROBUST SALES GROWTH OVERALL › Q3 sales increased by 8% at constant exchange rates Growth rate stronger than in Q2, partly reflecting comparatives amid continued uncertain macro-economic and geopolitical environment 485 bps FX impact on sales: 4% at actual exchange rates › Growt
Slide 4: Q3-24 Growth in Almost All Regions at Constant Rates
Q3-24 GROWTH IN ALMOST ALL REGIONS AT CONSTANT RATES % of sales, % change at actual rates, › 13% increase in Asia Pacific on soft % change at constant rates comparatives fuelled by 25% sales increase in mainland China, Hong 22% Kong and Macau combined -4% -3% Europe Japan › Accelerated growth of 8%
Slide 5: Robust Q3-24 Sales with Main Clienteles
ROBUST Q3-24 SALES WITH MAIN CLIENTELES Chinese › Sharp 42% sales increase from the Chinese clientele, on +88% favourable comparatives; 4-yr CAGR (9 months to +42% +47% +45% December) at +10% +22% +19% +10% Northern American › Marked improvement with the Northern American +132% clientele, up 7% on s
Slide 6: Q3-24 Channel Performance Led by Retail
Q3-24 CHANNEL PERFORMANCE LED BY RETAIL › Retail, +11%, continues to outperform the other channels with growth in all business areas, including double-digit increases at the Jewellery Maisons and Specialist Watchmakers › Online retail, -5%, with the Jewellery Maisons and F&A showing relative resilie
Slide 7: Jewellery Maisons Drive Q3-24 Growth Followed by SWM
JEWELLERY MAISONS DRIVE Q3-24 GROWTH FOLLOWED BY SWM › Jewellery Maisons: sales +12%, led growth with strength across most channels and regions › Specialist Watchmakers: sales +3%, with double-digit growth in retail more than offsetting lower sales in other channels › Other: sales 1% down y-o-y, wit
Slide 8: Luxury New Retail (LNR)
LUXURY NEW RETAIL (LNR) › Arrangements announced in Aug 22 between Richemont, Farfetch and Symphony Global terminated in December 2023 › Write-down of senior convertible notes issued by Farfetch Limited › Richemont Maisons and YNAP have not adopted “Farfetch Platform Solutions” and continue to opera
Slide 9: Q3-24: Continued ESG Progress
Q3-24: CONTINUED ESG PROGRESS › First Human Rights Statement approved by the Board; available on Richemont.com › First “ESG Risks and Opportunities Assessment” completed in preparation for enhanced regulatory requirements › Governance and Sustainability Committee upskilled through biodiversity train
Slide 10: Q&A at Richemont
Q&A AT RICHEMONT We Craft the Futiwe
Slide 11: Definitions
DEFINITIONS › y-o-y means year on year change vs quarter ended 31 December 2022 › Movements at constant exchange rates are calculated by translating underlying sales in local currencies into euros in both the current period and the comparative periods at the average exchange rates applicable for the
Slide 12: Richemont Maisons and brands
Buccellati • Cartier • Van Cleef & Arpels • A. Lange & Söhne • Baume & Mercier • IWC • Jaeger-LeCoultre • Panerai • Piaget • Roger Dubuis • Vacheron Constantin • Alaïa • AZ Factory • Chloé • Delvaux • dunhill • Montblanc • Peter Millar • Purdey • Serapian • TimeVallée • Watchfinder & Co. • NET-A-POR