Levi Strauss & Co · NYSE:LEVI
Levi Strauss & — Q3 2005 Earnings Presentation
8 slides from Levi Strauss &'s earnings presentation, Oct 11, 2005
Slide 1: Levi Strauss & Co. Third-Quarter Financial Results
Exhibit 99.2 Levi presentation Third-Quarter Presented Hans Chief October This report Strauss Ploos Financial on11, Form by: van 2005 &Results Co. 10-Q Amstel Officer should for the be read quarterly in conjunction period ended withAugust Levi Strauss 28, 2005. & Co.’s
Slide 2: Key Results – Introduction
LS&CO. Key Solid Closed 3rd (Millions) YTD vs 2005 $1,019 2.4% $2,968 Operating $139 8.6% $468 1.8% $ $112 74.9% Net $38 -1% $63 % 4% +2% 1 (8) Margin 2004 Quarter income Sales Income pt Highlights pts quarter open Q3 Income oftax 2005 with $38 years. 2% Results million sales––growth Introduction 4%
Slide 3: Key Results – Financials
LS&CO. Q3 Maintaining 3rd (Millions) YTD % Key 2005 Sales $1,019 2.4% $2,968 100.0% 2004 Gross 454 44.6% -0.5% 1,378 46.4% 1.8% Operating 139 13.7% 8.6% 468 15.8% 4.0% SG&A 320 6.4% 931 31.4% 7.9% Net 38 -17.9% 112 3.8% 74.9% 2 125.5% ofoperating vsQuarter Sales Income Highlights Financials Net oper
Slide 4: Key Results – Total SG&A
LS&CO. Key Total Half The (Millions) YTD % 3 SG&A $320 6.4% $931 31.4% 4.0% 2005 2004 Sales rdof vsbalance Quarter Highlights of Net SG&A theQ3increase is up spending, 2005 due 6%Results toisSOX due excluding to –compliance SG&A advertising advertising work, investment investment currency impact, an
Slide 5: Key Results – Cash Flow
LS&CO. Key Strong Rebuilding Closed Cash YTD Fav/(unfav) 2005 2004 (Millions) ($99) $149 Change (13) (3) ($248) From 22 (18) (10) Net 40 cash ($89) $129 ($218) 4 (decrease)/increase Highlights and investments Flow: Operating Investing Financing operating open cash Q3inventory tax 2005 equivalents Ac
Slide 6: Key Results – Inventories
LS&CO. Key Increased Low Inventories Initiatives $ (Millions) Year Q3 5 $99 Inventory $654 $115 vs.2004 2005 Highlights Q3 End2004 Q3 2004 inventories tonow optimize 2005 inventories balanced Results drove inventories: resulted to – working Inventory deliverin our service capital poor goalservice is
Slide 7: Key Results – Business Unit Performance
LS&CO. Key 3 (Millions) YTD Operating Net % 2005 0% -17% 4% North -10% 47 -1% 746 -2% 188 -5% Corporate (72) -32% (197) 29% Asia 147 28 21% 493 17% 114 33% Europe 75% -42% 9% $ 2% Total 6 rdvsSales 363 1,729 136 657 215 468 2,968 139 1,019 Quarter Highlights continues 2004 LS&Co. America’s America d
Slide 8: Key Conclusions
LS&CO. Solid Net Healthy Strong Resolutions 7 sales quarter and gross Q3 stability improved of2005 and margin ’86continued to Results –’99 modest profitability: in tax the–years progress mid-40s. Key growth. Conclusions and operating inbond building refinancing. and financial net income. strength.