Mulberry Group Plc · LSE:MUL
Mulberry — H1 2016/17 Earnings Presentation
23 slides from Mulberry's earnings presentation, December 2016
Slide 1: Interim Results
u berry Interim Results FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2016
Slide 2: Agenda
INTERIM RESULTS — SIX MONTHS ENDED 30 SEPTEMBER 2016 Agenda 1. FINANCIAL REVIEW 2. STRATEGY 3. CURRENT TRADING AND OUTLOOK 4. APPENDIX
Slide 3: Highlights
INTERIM RESULTS — SIX MONTHS ENDED 30 SEPTEMBER 2016 Highlights 1. SALES GROWTH, CASH GENERATION — Total revenue up 10% to £74.5 million (2015: £67.8 million) — Strong balance sheet with cash of £11.3 million at the end of the period (2015: £4.1 million) 2. INVESTING IN NEW, EXCITING PRODUCT — Nine
Slide 4: 1. Financial Review
1. Financial Review
Slide 5: Revenue by channel
Revenue by channel ― ― ― ― Note: Digital included in Retail sales
Slide 6: Income Statement — For six months ended 30 September 2016
Income Statement — For six months ended 30 September 2016
Slide 7: Balance Sheet — As at 30 September 2016
Balance Sheet — As at 30 September 2016
Slide 8: Capital Expenditure Analysis
Capital Expenditure Analysis § § § §
Slide 9: 2. Strategy
2. Strategy
Slide 10: Product
INTERIM RESULTS — SIX MONTHS ENDED 30 SEPTEMBER 2016 Product NEW PRODUCT INTRODUCED CREATING BRAND INTEREST — Nine new bags introduced, including the evolution and re-interpretation of the Bayswater — Continued investment in new product with additional bags and sizes planned for coming seasons 10
Slide 11: Marketing and Brand
INTERIM RESULTS — SIX MONTHS ENDED 30 SEPTEMBER 2016 Marketing and Brand EMPHASISE BRITISH DNA AS A POINT OF DISTINCTION — Commitment to “Made in England” and UK manufacturing — Conveyed across all customer touch points including Mulberry stores globally and mulberry.com DIGITAL MARKETING — Digital
Slide 12: Retail, Digital and Omni-channel
Retail, Digital and Omni-channel — — — — —
Slide 13: Retail, Digital and Omni-channel
Retail, Digital and Omni-channel
Slide 14: 3. Current Trading and Outlook
3. Current Trading and Outlook
Slide 15: North Asia new business
North Asia new business — — — — —
Slide 16: Current Trading
Current Trading — — * Regional splits include Digital sales; Digital sales increased 32% in the 26 weeks to 30 Sep 2016 and increased 1% in the 10 weeks to 3 December 2016
Slide 17: Outlook
INTERIM RESULTS — SIX MONTHS ENDED 30 SEPTEMBER 2016 Outlook WHOLESALE — In H2, Wholesale business expected to grow, driven by interest in new collections INTERNATIONAL — North Asia: new business to progress strategy of developing retail and omni-channel model in key luxury markets; cost impact anti
Slide 18: Outlook
INTERIM RESULTS — SIX MONTHS ENDED 30 SEPTEMBER 2016 Outlook CURRENCY — Recent devaluation of British pound relative to global currencies — Operating costs of overseas subsidiaries will increase — Increased cost of purchasing materials for production, high proportion sourced in euro and US$ — Increa
Slide 19: Contacts
INTERIM RESULTS — SIX MONTHS ENDED 30 SEPTEMBER 2016 Contacts BELL POTTINGER Daniel de Belder / Anna Legge — 020 3772 2559 MULBERRY INVESTOR RELATIONS Allegra Perry — 020 7605 6795 GCA ALTIUM Sam Fuller — 020 7484 4037 Tim Richardson — 020 7484 4040 BARCLAYS Nicola Tennent — 020 3134 9801 Thomas Dug
Slide 20: 4. Appendix
4. Appendix
Slide 21: Appendix – Revenue by region
INTERIM RESULTS — SIX MONTHS ENDED 30 SEPTEMBER 2016 Appendix — Revenue by region £67.8m £74.5m £0.3m £0.4m ——— £5.1m £4.3n z= £4.9m £4.8m 5 tm om £11.51 £46.8m | 2015/16 2016/17 m UK m Europe m@ North America m Asia Pacific m Middle East/Other 21
Slide 22: Appendix – Revenue by region/channel
Appendix – Revenue by region/channel Retail Wholesale Total Retail Wholesale Total
Slide 23: Appendix – Revenue by product
Appendix – Revenue by product