Burberry Group plc · LSE:BRBY
Burberry — Q3 FY23 Earnings Presentation
10 slides from Burberry's earnings presentation, Jan 18, 2023
Slide 1: Q3 FY23 Results Presentation
BURBERRY LONDON ENGLAND Q3 FY23 RESULTS PRESENTATION 18 JANUARY 2023 1 Q3 FY23 | SUMMARY • Q3 FY23 comparable store sales growth +1% impacted by COVID-19 disruption in Mainland China • Strong comparable stores sales growth outside of Mainland China +11% • Brand activations driving customer engagemen
Slide 2: Q3 FY23 Summary
Q3 FY23 | RETAIL SALES GROWTH £37m £756m +5% +5% +1% £723m £719m FLAT -1% Retail Revenue Retail comp Retail space Retail Revenue FX Retail Revenue Q3 FY22 Q3 FY23 CER Q3 FY23 Reported 3 Q3 FY23 | REGIONAL RETAIL COMPARABLE SALES GROWTH GROUP Q1 +1% Q2 +11% Q3 +1% APAC AMERICAS EMEIA Q1 -16% Q1 -4% Q
Slide 3: Q3 FY23 Retail Sales Growth
Version 4 MAINLAND CHINA | RETAIL COMP TRADING Retail comp at CER MAINLAND CHINA GROUP EXCLUDING MAINLAND CHINA 16% 15% 11% -1% -23% -35% Q1 FY23 Q2 FY23 Q3 FY23 Q1 FY23 Q2 FY23 Q3 FY23 5 BRAND | CAMPAIGNS DRIVING STRONG ENGAGEMENT OUTERWEAR FESTIVE LUNAR NEW YEAR 6
Slide 4: Regional Retail Comparable Sales Growth
PRODUCT | LEATHER GOODS GROWING DOUBLE DIGITS VINTAGE CHECK BOUCLÉ FRANCES LOLA LOLA BAG 7 CUSTOMER EXPERIENCE | BURBERRY ICE RINK, HONG KONG S.A.R, CHINA 8
Slide 5: Mainland China Retail Comp Trading
CUSTOMER EXPERIENCE | NEW STORE CONCEPT NEW STORE CONCEPT ROLL OUT ON TRACK Not to scale FY22 Q3TD FY23 FY23 FY26 23% ~30% 100% 13% PACIFIC PLACE, HONG KONG S.A.R, CHINA 84 STORES 112 STORES RETAIL & CONCESSION 47 STORES STORES AMERICAS EMEIA SAP KOREA CHINA JAPAN 9 ESG | SUSTAINABILITY RECOGNITION
Slide 6: Product: Leather Goods Growing Double Digits
OUTLOOK | CONFIRM TARGETS • Confirm existing FY24 guidance of HSD revenue CAGR at CER and meaningful margin accretion • Currency tailwind – c.£160m revenue and c.£70m adjusted operating profit in FY23 based on 30 December rates • Overall retail space anticipated to be broadly stable • FY23 wholesale
Slide 7: Customer Experience: New Store Concept
APPENDIX 13 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
Slide 8: Sustainability Recognition and Supporting Communities
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 and the 53rd week in the prior period. The constant exchange rate inc
Slide 9: Outlook: Confirm Targets
FOREIGN EXCHANGE RATES FY23 FORECAST ACTUAL EXCHANGE RATES AVERAGE EFFECTIVE RATES AVERAGE EXCHANGE RATES £1= 30 December 2022 27 October 2022 H1 FY23 H1 FY22 FY22 Euro 1.16 1.17 1.17 1.16 1.18 US Dollar 1.20 1.18 1.21 1.39 1.36 Chinese Renminbi 8.28 8.29 8.16 8.98 8.73 Hong Kong Dollar 9.41 9.26 9.
Slide 10: Disclaimer
IR CONTACTS JULIAN EASTHOPE REPORTING CALENDAR VP, Investor Relations Preliminary Results 18 May 2023 julian.easthope@burberry.com LAUREN WU LENG Director, Investor Relations Horseferry House lauren.wuleng@burberry.com Horseferry Road London SW1P 2AW RHIAN POWELL Tel: +44 (0)20 3367 3524 Investor Re