Samsonite Group S.a. · HKEX:1910
Samsonite — Samsonite International — Q1 2018 Earnings Presentation
10 slides from Samsonite's earnings presentation, May 14, 2018
Slide 1: 2018 First Quarter Results
2018 First Quarter Results May 14, 2018 Samsonite International S.A. Stock Code 1910
Slide 2: Disclosure Statement
Disclosure Statement This presentation and the accompanying slides (the “Presentation”) which have been prepared by Samsonite International S.A. (“Samsonite” or the “Company”) do not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or b
Slide 3: 1st Quarter 2018 Results Highlights
1st Quarter 2018 Results Highlights Net sales growth of 15.5%(1) was Gross margin was up 120bp from Adjusted EBITDA margin Strong growth in Adjusted partly due to eBags sales of 1Q 2017 mainly due to gross margin decreased by 120bp due partly to Net Income of 15.6% was US$35.2m included in 1Q 2018 i
Slide 4: 1st Quarter Net Sales by Region
1st Quarter Net Sales by Region Strong double-digit growth Constant Currency 19.3% 13.4% 13.1% 17.9% Growth 7.1% excluding contribution from eBags Page 4
Slide 5: 1st Quarter Net Sales by Brand
1st Quarter Net Sales by Brand Net Sales Growth by Brand Continued solid growth in Samsonite with net sales up 5.2%(1). Strong Tumi net sales growth of 19.7%(1) was driven by all regions with North America +9.1%(1), Asia +50.3%(1), Europe +14.4%(1). American Tourister net sales up 22.3%(1) as the br
Slide 6: Continued diversification of sales across channels and categories
Continued diversification of sales across channels and categories Net Sales by Channel Net Sales by Category Direct-to-Consumer (DTC) sales, comprising company operated Sales growth of non-travel categories was 21.3%(1). stores and direct-to-consumer e-commerce channel grew from Non-Travel categorie
Slide 7: 1st Quarter Advertising
1st Quarter Advertising Total company advertising increased by US$13.7 million. Advertising as a percentage of sales of 6.0% for 1Q 2018 was up 60bp over 1Q 2017 due mainly to shift in timing of advertising spend. 1Q 2018 spend is largely focused on driving global American Tourister brand penetratio
Slide 8: Balance Sheet
Balance Sheet US$m March 31, December 31, March 31, $ C hg M a r- 18 % C hg M a r- 18 2017 2017 2018 v s . M a r- 17 v s . M a r- 17 Net debt increased by US$48.9 million in the first three months of 2018 due Cash and cash equivalents 329.0 344.5 299.5 (29.5) -9.0% Trade and other receivables, net 3
Slide 9: Working Capital
Working Capital US$m March 31, December 31, March 31, Net working capital as of March 31, 2018 $ Chg Mar-18 % Chg Mar-18 2017 2017 (1) 2018 vs. Mar-17 vs. Mar-17 was 14.5% of net sales, which was (1) Working Capital Items temporarily higher than the target level of Inventories $ 421.6 $ 583.0 $ 617.
Slide 10: Successfully completed refinancing of senior credit facilities, effective April 25, 2018
Successfully completed refinancing of senior credit facilities, effective April 25, 2018 Issued €350 million senior notes (Euro bonds) to align a portion of debt with Euro-denominated free cash flow (8-year maturity and 3.50% interest rate). Utilized the proceeds of the Euro bonds to pay down a port
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