Smcp Sa · EURONEXT:SMCP
Smcp Sa — Q3 2024 Earnings Presentation
22 slides from Smcp Sa's earnings presentation, Oct 29, 2024
Slide 1: 2024 Q3 Sales
2024 Q3 Sales October 29th, 2024 Isabelle Guichot, CEO Patricia Huyghues Despointes, CFO
Slide 2: Disclaimer
Disclaimer Certain information contained in this presentation includes projections and forecasts. These projections and forecasts are based on SMCP management's current views and assumptions. Such forward-looking statements are not guarantees of future performance of the Group. Actual results or per
Slide 3: Isabelle Guichot, CEO
Isabelle Guichot, CEO 3
Slide 4: Positive momentum throughout the year, excluding China
Positive momentum throughout the year, excluding China 9M Sales Network Discount rate Key messages €878m 1,666 POS -2 pp vs 2023 -2.7% organic -35 POS Both in Q3 Positive performance in Q3 excluding China, supported by resilient sales in Europe, America and France (despite -4.8% LFL in Q3 and YTD
Slide 5: 9M 2024 sales evolution vs 9M 2023
9M 2024 sales evolution vs 9M 2023 in €m LFL -4.8% -34 +15 +3 -2 -10 905 880 878 Constant FX -2.7% 9M 23 Comparable Comparable Network Other network Wholesale 9M 24 excl FX FX 9M 24 Greater China other regions optimization evolution impact plan Contribution -3.8% -1.1% +1.7% +0.4% -0.2% to growth Re
Slide 6: Resilient performance across America and Europe
Resilient performance across America and Europe 2024 9M sales organic growth by region FRANCE EMEA AMERICA APAC 0% +2% +6% -20% Sales breakdown by region by brand by channel APAC France Other brands Wholesale 18% 34% 12% Sandro 9% 50% America 15% Retail Maje EMEA 38% 91% 33% 6
Slide 7: Continued progress on sustainability
Continued progress on sustainability SMCProduct SMCPlanet SMCPeople SANDRO SMCP signs Promoting equal second hand with VELA, opportunities roll out a 100% sailing sea and fashion skills in stores freight solution transfer 7
Slide 8: Brand desirability – FW 24 strong focus on accessories
Brand desirability – FW 24 strong focus on accessories 8
Slide 9: Q3 key partner openings
Q3 key partner openings Istinye, Turkey Cairo Festival City, Egypt 9
Slide 10: Q3 key partner openings
Q3 key partner openings Plaza Senayan, Jakartan, Indonesia Andares, Mexico 10
Slide 11: Patricia Huyghues Despointes, CFO
Patricia Huyghues Despointes, CFO 11
Slide 12: Solid growth in EMEA and stable sales in France
Solid growth in EMEA and stable sales in France 2024 sales by quarter • Resilient 9M performance with stable sales in the third quarter FRANCE • Olympic games affected July and August sales especially in Paris, due to low traffic in stores, +0% €300m both from locals and tourists -7% +6% • Fall/Wint
Slide 13: Good performance in America in a volatile environment, APAC still impacted by China
Good performance in America in a volatile environment, APAC still impacted by China 2024 sales by quarter • Good 9M performance supported by a steady Q3 sales growth in a volatile and challenging AMERICA environment +9% +3% +7% €130m • The two brands Maje and Sandro showed a consistent trend, notabl
Slide 14: Update on the two-fold strategy to address the challenging context in China
Update on the two-fold strategy to address the challenging context in China Progress made on immediate actions Timeline of mid-term priorities to address current economic situation to renew with LFL growth Roll out Full effects 2025 2026 >>> Store network reshaping More localized marketing strategy
Slide 15: Conclusion
Conclusion 9M 2024 Solid performance of Sandro and Maje excluding China China o Environment still tough o Action plans exceptionally well executed by local teams o Management fully confident in China future growth potential Action plan rollout on track and first results expected next year Pers
Slide 16: Q&A session
Q&A session 2024 Q3 Sales October 29th, 2024 Isabelle Guichot, CEO Patricia Huyghues Despointes, CFO
Slide 17: Financial Agenda
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Slide 18: Next financial publications
Next financial publications February 27, 2025 2024 FY Results April 29, 2025 2025 Q1 Sales June 12, 2025 Annual Shareholdings meeting 18 18 18
Slide 19: Appendix
Appendix
Slide 20: Quarterly net sales by region and by brand
Quarterly net sales by region and by brand In €m H1-23 H1-24 Reported % Organic % Q3-23 Q3-24 Reported % Organic % 9M-23 9M-24 Reported % Organic % France 203,9 202,5 -0,7% -0,7% 97,5 97,8 +0,4% +0,4% 301,4 300,3 -0,4% -0,4% EMEA 189,2 191,8 +1,4% +0,8% 96,5 102,0 +5,8% +5,4% 285,6 293,8 +2,9% +2,3%
Slide 21: Breakdown of POS
Breakdown of POS Var Q3 24 Var Q3 24 Directly operated stores Number of DOS Q3-23 2023 H1-24 Q3-24 vs H1 23 vs FY 23 By region France 463 470 475 468 -7 -2 EMEA 401 411 406 395 -11 -16 America 171 176 180 173 -7 -3 APAC 314 316 280 270 -10 -46 By brand Sandro 583 591 579 565 -14 -26 Maje 485 490 479
Slide 22: Shareholding structure and voting rights as of September 30th, 2024
Shareholding structure and voting rights as of September 30th, 2024 Capital (%) Voting rights (%) (Incl. double voting rights) Trustee2 Trustee2 25.0% 28.8% (24.5%) 1 (28.0%) 1 Free Float Free Float 34.4% 38.8% (33.8%) 1 (38.2) 1 European TopSoho European TopSoho 8.0% 13.8% (7.8%) 1 (13.5%) 1 Founde