Abercrombie & Fitch Company · NYSE:ANF

Abercrombie & Fitch — Q2 2016 Earnings Presentation

22 slides from Abercrombie & Fitch's earnings presentation, Aug 31, 2016

  1. Slide 1: Investor Presentation 2016 Second Quarter

    INVESTOR PRESENTATION 2016 SECOND QUARTER

  2. Slide 2: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

    2 SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 A&F cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this presentation or made by management or spokespeople of A&F involve ri

  3. Slide 3: Q2 Adjusted P&L Summary

    3 Q2 ADJUSTED P&L SUMMARY* * The Q2 Adjusted P&L Summary for the current and prior periods is presented on an adjusted non-GAAP basis, and excludes the effect of certain items set out on page 4. 2016 % OF NET SALES 2015 % OF NET SALES NET SALES $783,160 100.0% $817,756 100.0% GROSS PROFIT 477,107 60

  4. Slide 4: Excluded Items (Pre-Tax)

    4 EXCLUDED ITEMS (PRE-TAX) 2016 Q1 Q2 YEAR TO DATE CLAIMS SETTLEMENT BENEFITS $— $(12,282) $(12,282) ASSET IMPAIRMENT — 6,356 6,356 TOTAL $— $(5,926) $(5,926) 2015 Q1 Q2 YEAR TO DATE INVENTORY WRITE-DOWN (RECOVERY) $26,861 $(2,621) $24,240 LEGAL SETTLEMENT CHARGES — 15,753 15,753 ASSET IMPAIRMENT, S

  5. Slide 5: Q2 2016 Comparable Sales

    5 Q1 Q2 YTD TOTAL COMPANY (4)% (4)% (4)% BRAND: ABERCROMBIE (1) (8)% (7)% (7)% HOLLISTER 0% (2)% (1)% GEOGRAPHY: UNITED STATES (2)% (4)% (3)% INTERNATIONAL (7)% (4)% (5)% Q2 2016 COMPARABLE SALES* * Comparable sales are calculated on a constant currency basis. Sales include store and DTC sales. (1)

  6. Slide 6: Q2 2016 Sales Mix

    6 * Abercrombie includes the company's Abercrombie & Fitch and abercrombie kids brands. Q2 2016 SALES MIX* Q2 ABERCROMBIE 46.4% HOLLISTER 53.6% YTD ABERCROMBIE 46.7% HOLLISTER53.3% BRAN D INTERNATIONAL 38.9% UNITED STATES 61.1% INTERNATIONAL 38.4% UNITED STATES 61.6% GEOGRAPH Y

  7. Slide 7: Q2 Adjusted Operating Expense

    7 Q2 ADJUSTED OPERATING EXPENSE* * Q2 Adjusted Operating Expense for the current and prior periods is presented on an adjusted non-GAAP basis, and excludes the effect of certain items set out of page 4. (1) Includes rent, other landlord charges, utilities, depreciation and other occupancy expense. (

  8. Slide 8: Share Repurchases

    8 SHARE REPURCHASES FY 2016 FY 2015 SHARES REPURCHASED COST AVERAGE COST SHARES REPURCHASED COST AVERAGE COST Q1 — — — — — — Q2 — — — — — — Q3 2,460.5 $50,029 20.33 Q4 — — — FULL YEAR — — — 2,460.5 $50,029 $20.33

  9. Slide 9: Q2 Store Openings

    9 Q2 STORE OPENINGS BRAND CENTER CITY DATE DOMESTI C Hollister Dolphin Mall Miami, FL 6/18/2016 INTERN ATIONA L Hollister Grand Pacific Beijing, China 7/9/2016 Hollister MixC Qingdao Qingdao, China 7/12/2016 OUTLE T A&F Deer Park Outlet Deer Park, NY 5/14/2016

  10. Slide 10: Q2 Store Count Activity

    10 Q2 STORE COUNT ACTIVITY (1) Abercrombie includes the company's Abercrombie & Fitch and abercrombie kids brands. Locations with abercrombie kids carveouts within Abercrombie & Fitch stores are represented as a single store count. Excludes one international franchise store as of July 30, 2016 and A

  11. Slide 11: Full Year Outlook Updates

    11 FULL YEAR OUTLOOK UPDATES* FOR FISCAL 2016, THE COMPANY NOW EXPECTS: • COMPARABLE SALES TO REMAIN CHALLENGING THROUGH THE SECOND HALF OF THE YEAR, WITH A DISPROPORTIONATE EFFECT FROM FLAGSHIP AND TOURIST LOCATIONS • ADVERSE EFFECTS FROM FOREIGN CURRENCY ON SALES OF APPROXIMATELY $25 MILLION AND O

  12. Slide 12: Hollister California

    wh HOLLISTER CALIFORNIA

  13. Slide 13: The Iconic Brand of the Global Teenager

    THE ICONIC Sa OF THE GLOBAL TEENAGER,

  14. Slide 14: 14

    14

  15. Slide 15: Using the 'Carefree California' Attitude to Connect with Our Customer

    USING THE ‘CAREFREE CALIFORNIA’ | ATTITUDE TO CONNECT WITH OUR CUSTOMER

  16. Slide 16: Hollister Creates Effortless California Style

    HOLLISTER CREATES EFFORTLESS CALIFORNIA STYLE

  17. Slide 17: Brand Positioning

    17 BRAND POSITIONING

  18. Slide 18: 18

    18

  19. Slide 19: m al

    m al

  20. Slide 20: \ coe

    «om \ coe 4 Wwe ot ©

  21. Slide 21: 21

    21

  22. Slide 22: Abercrombie & Fitch Est. 1892

    EST. 1892 Abercrombie

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