Slide 1: Q3 2020 Trading Update
BURBERRY LONDON ENGLAND Q3 2020 TRADING UPDATE
Slide 2: Q3 Context
Q3 CONTEXT Q3 headwinds Comp sales indexed YoY Markdown sales Hong Kong S.A.R sales indexed YoY indexed YoY Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2019 Q3 2020 2
Slide 3: Comparable Retail Store Sales +3%
COMPARABLE RETAIL STORE SALES +3% EMEIA EMEIA ASIA ASIAPACIFIC PACIFIC Americas +HSD +LSD +LSD AMERICAS +LSD FLAT +LSD • UK + MSD % • Mainland China + MT % • Cont Europe + MT % • Hong Kong S.A.R –DD % • US + LSD % • M East + MSD% • Japan –HSD% • Korea + LSD GROUP +3% 3 LSD- low single digit, MSD- mi
Slide 4: Group Retail Sales +2% at CER
GROUP RETAIL SALES +2% AT CER +4%+3% -1% -1% +3% - -1% -1% +2% -1% £711m £711m £719m £719m £711m Retail revenues Retail revenue Comp store Comp salessales store Space Space Retail revenue Retail at CER revenue at CER FX FX Retail revenues Retail revenue Q3Retail 2019 revenues Q3 2019 Comp store sale
Slide 5: Delivering Riccardo's Product
5 DELIVERING RICCARDO’S PRODUCT AVAILABLE PRODUCT % of total INDICATIVE 100% Riccardo product FEB-APR ‘19 MAY-AUG ‘19 SEP-DEC ‘19 JAN-MAR ‘20 Note: mainline and digital only 5
Slide 6: Inspiration
INSPIRATION Strong response to Festive Campaign Maintaining focus on Chinese consumer inspiration Launched dedicated LNY campaign Taking our A/W 2020 runway show to Shanghai Work underway for launch of our first social retail store in Shenzhen in partnership with Tencent Continued digital innovation
Slide 7: Responsibility
RESPONSIBILITY British Fashion Council’s award for positive change Walpole “Luxury with a Heart” award for driving systemic change Helping global fashion industry reduce aggregate greenhouse gas emissions New global parental leave policy 7
Slide 8: Financial Outlook for FY 2020
FINANCIAL OUTLOOK FOR FY 2020 WHOLESALE Now expecting wholesale to be broadly stable GUIDANCE OVERVIEW COST SAVINGS Increased to £125m LSD% revenue growth Operating cumulative cost savings margin to be broadly stable at CER* CAPITAL SPEND c£150m CURRENCY No impact on adj operating profit * Excludes
Slide 9: Summary
SUMMARY Good performance in the quarter Continued strong response to the new product Confident in our strategy and FY 2020 outlook 9
Slide 10: Appendix
APPENDIX
Slide 11: Disclaimer
DISCLAIMER The financial information contained in this presentation is unaudited. Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to d
Slide 12: Alternative Performance Measures
ALTERNATIVE PERFORMANCE MEASURES All metrics and commentary in this presentation are at reported FX and exclude adjusting items unless stated otherwise. Constant exchange rates (CER) removes the effect of changes in exchange rates compared to the prior period. This takes into account both the impact
Slide 13: Foreign Exchange Rates
FOREIGN EXCHANGE RATES Forecast effective rates for Actual Exchange rates FY 2020 average exchange rates 27 December 1 November 2019 2019 FY 2019 £1= Euro 1.14 1.14 1.13 US Dollar 1.28 1.28 1.31 Chinese Yuan Renminbi 8.92 8.92 8.82 Hong Kong Dollar 9.93 9.97 10.26 Korean Won 1,501 1,500 1,460 Curren
Slide 14: IR Contacts
IR CONTACTS Annabel Gleeson REPORTING CALENDAR Head of Investor Relations Prelim results 14 May 2020 annabel.gleeson@burberry.com AGM 15 July 2020 Stephanie Crinnegan Director, Investor Relations Horseferry House stephanie.crinnegan@burberry.com Horseferry Road London Sophie Parker SW1P 2AW Investor