Industria De Diseno Textil, S.a. · BME:ITX
Industria De Diseno Textil — Inditex — Investor Presentation (December 2006)
6 slides from Industria De Diseno Textil's investor presentation, December 2006
Slide 1: Disclaimer
DISCLAIMER This document is of a purely informative nature and does not constitute an offer to sell, exchange or buy, or the solicitation of an offer to buy, securities issued by any of the companies mentioned herein. This document contains forward-looking statements. All statements other than state
Slide 2: Multiconcept strategy and flexible business model
Multiconcept strategy EBIT margins and RoCE breakdown Store sales by concept 2005 Age Target EBIT margin RoCE 41% 41% 41% STRADIVARIUS OYSHO ZARA HOME 5,1% 1,6% 1,2% BERSHKA 9,5% 16.6% 16.2% MASSIMO DUTTI 16.0% 7,9% PULL & BEAR 6,6% KIDDY'S CLASS 2,3% ZARA 65,9% 0 10 20 30 40 7 Zara Non-Zara Inditex
Slide 3: Retail proposition and breakdown of store sales by concept
Retail proposition Multiconcept approach Latest fashions New models twice a week Prime locations No traditional advertising 13 14 Operating autonomy with central support Breakdown of store sales by concept Tordera (Barcelona) FY05 FY04 Narón (A Coruña) OYSHO STRADIVARIUS 1.3% ZARA HOME 4.3% 0.7% Art
Slide 4: Concept profiles: Massimo Dutti, Bershka, Stradivarius, Oysho
Massimo Dutti Bershka • Initial stake acquired in 1991 • Created by Inditex in 1998 • Excellent quality with mid- • Offers stylish and low-price priced elegant design for men collections for young women and women aged 25 to 45 and men aged 13 to 23 • Headquarters and distribution • Headquarters and
Slide 5: Financial data, ROE/ROCE and growth prospects
Highlights Financial data FY05 FY04 % 05/04 million Sales 23% NET SALES 6,741 5,567 21% EBITDA EBIT PBT 25% 26% 25% GROSS MARGIN 3,788 3,085 23% % margin 56.2% 55.4% Net Income Stores Cashflow EBIT 1,094 922 19% 25% 20% 25% EBIT margin 16.2% 16.6% NET INCOME 803 638 26% C.A.G.R. (1999-2005) EPS ( ce
Slide 6: FY2006 CAPEX and store opening plan
FY2006: CAPEX Expected CAPEX 850 - 950 MM Store opening plan: % Int’l Range openings ZARA 130 140 80% KIDDY’S CLASS 30 40 10% PULL & BEAR 45 55 65% MASSIMO DUTTI 30 40 55% BERSHKA 65 75 70% STRADIVARIUS 35 45 45% OYSHO 40 50 50% ZARA HOME 35 45 60% total net openings 410 490 31 Page 6 6