361 Degrees International Ltd. · HKEX:1361
361 Degrees International — H1 2015 Earnings Presentation
22 slides from 361 Degrees International's earnings presentation, August 2015
Slide 1: FY2015 Interim Results
FY2015 Interim Results 2015年中期报告 August 2015 2015年8月 1
Slide 2: Disclaimer
DISCLAIMER 免责声明 These presentation slides have been prepared by 361 Degrees International Limited (the “Company”) solely for us during its presentation held in connection with its interim results for the year ended 31 Dec 2015 and may not be reproduced or redistributed. In particular, these presenta
Slide 3: Agenda
AGENDA 内容概要 Operational Highlights 营运亮点 Financial Highlights 财务摘要 Outlook 展望 Q&A 问答环节 3
Slide 4: Operational Highlights
Operational Highlights 营运亮点
Slide 5: 361 Degrees: Brand Positioning, Business Models
361 DEGREES: BRAND POSITIONING, BUSINESS MODELS 361度：品牌定位 商业模式 Brands Brand positioning Premium 品牌 品牌定位 高端 361° is an integrated international sports brand that combines brand, R&D, design, production and distribution 361°是集品牌、研发、设计、生产、经销为一体的综合性国际体 育运动品牌 361° Kids is a kidswear brand serving childre
Slide 6: Operating Performance of 361 Degrees' Retail Stores
OPERATING PERFORMANCE OF 361 DEGREES’ RETAIL STORES 361度终端门店运营状况 Network 网络 A franchised network of 7,404 stores at end of June, with 70% linked through e-POS for front-end sales data SSSG based on 24 months operation and show quarterly improvement since 2013 Q4, in turn driving new orders by po
Slide 7: Building the 361 Degrees Brand
BUILDING THE 361 DEGREES BRAND 361度品牌建设 Major Event Sponsorships Celebrity Endorsements 大型赛事赞助 明星签约 2010 2011 BASKETBALL INNOFASHION Stephon Marbury Kevin Love Jam Hsiao 斯蒂芬·马布里 凯文·乐福 萧敬腾 2014 2016 CHINA Official Supporter 官方赞助商 Sun Yang Ye Shi Wen Ning Zetao Yang Xu 孙杨 叶诗文 宁泽涛 杨旭 The 361°Group ge
Slide 8: 361 Degrees Kids: Solid Results
361 DEGREES KIDS: SOLID RESULTS 361度童装:业绩亮丽 Network Revenue (RMB mil) 网络 营业额（人民币百万元） 600 507.5 420.4 370.1 400 238.7 200 37.6 0 2010* 2011* 2012 2013 2014 * 2010 and 2011 fiscal years ended on 30 June. * 2010 及2011年之财政年度截至6月30日。 SSSG Eastern region 764 同店销售增长 Southern region 506 2014 2015 2016 Weste
Slide 9: Multi-Brand, Multi-Channel
MULTI-BRAND, MULTI-CHANNEL 多品牌 多渠道 361° INTERNATIONAL ONE WAY 361° 国际 Joint-venture established late Overseas Business Unit established in 2014 2013 with senior executives based in Taiwan and the By end June 2015, outlets in 9 United States cities in China, including Beijing, Initial target
Slide 10: Combining Traditional Channels with the Internet
COMBINING TRADITIONAL CHANNELS WITH THE INTERNET 传统行业强势拥抱互联网+ E-commerce Strategy 电子商务的经营策略 Cross-sector alliances with Baidu and LeTV Sports in product innovation capability with a renewed consumer-oriented business model 361度与百度、乐视体育的跨界合作：不仅是提高我们的产品创新,更是我们紧紧围绕消费者为中心在构造一个新的商业模式 Proposed joint-v
Slide 11: The Complete 361° Eco-System
THE COMPLETE 361° ECO-SYSTEM 361° 的完整生态 Plans for an eco-system: Involving the Group’s brands and supported by both offline and online presence Currently working with Baidu, LeTV and SmartMozo at varying stages of product development Digital products with wearable techs Consumers encompassing
Slide 12: Financial Highlights
Financial Highlights 财务摘要
Slide 13: Financial Highlights – 1H 2015
FINANCIAL HIGHLIGHTS – 1H 2015 For the six months ended 30 June / 截至6月30日止六个月 (RMB mn unless indicated otherwise) (人民币百万元） 2015 2014 Change /变动 (%) Turnover 营业额 2,208.3 2,090.1 +5.7 Operating profit 经营溢利 485.5 361.1 +34.5 Profit attributable to equity shareholders 本公司权益持有人应占溢利 269.6 220.4* +22.3 Bas
Slide 14: Consolidated Statement of Profit
CONSOLIDATED STATEMENT OF PROFIT For the six months ended 30 June / 截至6月30日止六个月 (RMB mn unless indicated otherwise) (人民币百万元） 2015 2014 Turnover 营业额 2,208.3 2,090.1 Gross profit 毛利 911.3 830.7 Gross profit margin 毛利率 (%) 41.3 39.7 Other revenue (net of other loss/gain) 其他收益 （除去其他亏损/收入） 71.1 23.8 Sell
Slide 15: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (RMB ‘000) (人民币千元) As at 30 Jun 2015 As at 31 Dec 2014 Non-current assets 非流动资产 Fixed assets 固定资产 1,157,736 1,146,126 Other financial asset 其他金融资产 17,550 17,550 Deposits and prepayments 按金及预付款项 89,789 96,691 Deferred tax assets 递延税项资产 71,799 49,971 1,336,874 1,310,338 Curr
Slide 16: Revenue and Gross Margin Improvement
REVENUE AND GROSS MARGIN IMPROVEMENT Revenue by Product Group Gross margins by Product Group For the six months ended 30 June For the six months ended 30 June (RMB ’000) 2014 2014 Change (%) 2015 2014 Change Footwear 968,818 834,864 +16.0 Footwear 41.0% 35.9% +5.1 p.p. Apparel 968,827 1,004,334 -3.5
Slide 17: Operating Costs Generally Under Control
OPERATING COSTS GENERALLY UNDER CONTROL Selling and Distribution Costs Administrative Costs For the six months ended 30 June For the six months ended 30 June RMB mn 2015 2014 Change RMB mn 2015 2014 Change A&P 269.4 298.3 -9.7% R&D 54.4 51.8 +5.0% Packing 16.5 10.8 +52.8% Depreciation 19.1 16.3 +17.
Slide 18: Credit Control Continues to Improve
CREDIT CONTROL CONTINUES TO IMPROVE RMB ‘000 At 30 Jun 2015 At 31 Dec 2014 Trade debtors 1,977,476 1,604,395 Less: Allowance for doubtful debts (80,155) (80,155) 1,897,321 1,524,240 Significant improvement in collections Bills Receivable 77,766 132,013 meant quality and credit profile of debtors i
Slide 19: Group Remains Financially Strong and Conservative
GROUP REMAINS FINANCIALLY STRONG AND CONSERVATIVE RMB ‘000 Effective Interest Rate (%) At 30 Jun 2015 At 31 Dec 2014 2015 2014 Pledged bank deposits 215,521 175,895 0.39 - 3.05 0.39 - 3.1 Deposits with bank with maturities > 3mths 2,000,000 1,800,000 2.7 - 3.3 3.30 - 3.80 Cash and cash equivalents 1
Slide 20: Outlook
‘Outlook oe ; a :
Slide 21: Outlook: Going for Gold
OUTLOOK: GOING FOR GOLD 前景：迈向成功 INDUSTRY COMPANY 行业 公司 Consolidation to continue with the stronger brands winning market Increasing R&D expenditure but focus on fewer SKUs share whilst fragmentation remains. No M&A 增加研发投入，但专注于较少的SKU 行业整合将持续，较强的品牌市场份额上升，而市场继续分散， 并无并购 New initiatives on e-commer
Slide 22: Q&A
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