Amorepacific Holdings Corp. · KRX:002790
Amorepacific — Q1 2020 Earnings Presentation
6 slides from Amorepacific's earnings presentation, April 2020
Slide 1: AMOREPACIFIC Corporation 1Q 2020 Earnings Release
AMOREPACIFIC Corporation 1Q 2020 Earnings Release 1. 1Q 2020 Earnings Summary 2. Domestic Business 3. Overseas Business 4. Domestic and Overseas Offline Channel Restructuring Plan 5. Financial Summary As a note, it is suggested to use this material only as a reference, as it contains information and
Slide 2: 1Q 2020 Earnings Summary
ㅣ 1Q 2020 Earnings Summary 1Q 1 2020 Revenue down 22.1% to KRW 1.1 trillion, Operating Profit down 67.3% to KRW 60.9 billion Revenue & Operating Profit by Division Unit: KRW bn 2019 1Q % of Revenue 2020 1Q % of Revenue YoY(%) Revenue 1,451.3 100.0 1,130.9 100.0 -22.1 Domestic 940.7 64.8 760.8 67.3 -
Slide 3: Domestic Business
ㅣ Domestic Business 1Q 2 2020 [COVID-19 Impact] - Offline channel sales declined by double-digit due to shortened operation hours for many travel retail and department store counters Revenue - Online channel sales increased more than 80% -19.1% 940.7 [Revenue and business activities] Others * 39.9 D
Slide 4: Overseas Business
ㅣ Overseas Business 1Q 3 2020 [COVID-19 Impact] Asia - China: Temporarily closed 50~60% of offline stores in February. Store closure rate gradually recovered from March and came down to single-digit by the end of March - ASEAN: Revenue sharply declined from March due to temporary closure of offline
Slide 5: Domestic and Overseas Offline Channel Restructuring Plan
ㅣ Domestic and Overseas Offline Channel Restructuring Plan Plan 4 2020 [Domestic- Directly owned stores of ARITAUM ] [Overseas- Innisfree roadshops in China] *Excluding LSP stores Total 500+ 600+ 500+ Closure of unprofitable stores Closure of unprofitable stores -90 or more Number of Tier 1~2 cities
Slide 6: Financial Summary
ㅣ Financial Summary 1Q 5 2020 Income Statement Unit: KRW bn Statement of Financial Position Unit: KRW bn 2019 1Q 2020 1Q 2019.12 2020.03 Revenue 1,451.3 100.0% 1,130.9 100.0% Assets 5,989.0 5,905.0 Gross Profit 1,056.2 72.8% 818.6 72.4% Current Assets 1,803.1 1,705.8 SG&A Expenses 869.6 59.9% 757.7