Brunello Cucinelli S.p.a. · MIL:BC
Brunello Cucinelli — Q1 2023 Earnings Presentation
20 slides from Brunello Cucinelli's earnings presentation, Apr 19, 2023
Slide 1: 1Q 23 Revenues
oe gaee 1Q 23 Revenues April 18 2023
Slide 2: Brunello Cucinelli
Brunello Cucinelli “The first quarter of this year closed with excellent results. There is no doubt that we are reaping the fruits of the positive period that our brand is experiencing for the style it represents and perhaps also for the way we share our ideas with all of our counterparts As regards
Slide 3: 1Q 23 Revenues Update
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Slide 4: Revenues by Region
Revenues by Region € mln € mln 1Q 22 1Q 23 YoY % Chg Net Revenues 196.9 265.3 +34.7% Constant exchange rates +32.8% Italy 24.2 27.6 +13.8% Europe (excl. Italy) 58.2 67.9 +16.6% Total Europe 82.4 95.5 +15.8% Americas 66.9 95.5 +42.9% Asia 47.6 74.3 +56.0% 1Q 22 1Q 23 Europe Europe 41.8% Americas 36.0
Slide 5: Region Highlights
Region Highlights ITALY AMERICAS Important participation of clients and specialised press at the Growing demand appears to be increasingly structural and characterized presentations of the winter 2023 collections, as well as at the numerous by a strong solidity, supported from a qualitative point of
Slide 6: Revenues by Channel
Revenues by Channel € mln € mln 1Q 22 1Q 23 YoY % Chg Net Revenues 196.9 265.3 +34.7% Retail Channel 100.2 164.0 +63.7% Wholesale Channel 96.7 101.3 +4.7% 1Q 22 1Q 23 Wholesale Wholesale Channel Channel 49.1% 38.2% Retail Retail Channel Channel 61.8% 50.9% 6
Slide 7: Channel Highlights
Channel Highlights RETAIL CHANNEL Like-for-like growth was very good, with sales of the spring collections reporting significantly higher sell-outs Important contribution of network development, including new openings, expansion of existing spaces; conversion to direct management of the boutique in
Slide 8: Monobrand Network
Monobrad Network RETAIL MONOBRAND WHOLESALE MONOBRAND 122 boutiques as of March ’23 29 boutiques as of March ’23 119 boutiques as of December ‘22 30 boutiques as of December ‘22 115 boutiques as of March ‘22 30 boutiques as of March ‘22 8
Slide 9: Neiman Marcus Fashion Award
Neiman Marcus Fashion Award 9
Slide 10: Neiman Marcus Fashion Award
Neiman Marcus Fashion Award Brunello Cucinelli, among the greatest in world fashion Very important recognition awarding for decades great personalities, celebrities and style icons such as Coco Chanel, Christian Dior, Valentino, Giorgio Armani, Miuccia Prada and Karl LagerfeldBrunello Cucinelli comm
Slide 11: Brand Image
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Slide 12: Brunello Cucinelli fragrances
Brunello Cucinelli fragrances On 28 March 2023 in Milan the two new perfumes born from the creativity of our Fashion House were officially presented The perfumes "Brunello Cucinelli pour Femme" and "Brunello Cucinelli pour Homme" were born from the collaboration with EuroItalia, Italian and internat
Slide 13: Brunello Cucinelli's first two fragrances
Brunello Cucinelli’s first two fragrances Brunello Cucinelli, commented “I am particularly glad to be announcing this new production, which adds two perfumes, one for women and one for men, to the line of elegance of our Casa di Moda. Some years ago, on the passing of my very dear friend, a producer
Slide 14: Our idea of Contemporary Licence
Our idea of Contemporary Licence Fragrances launch: to enrich the world, taste and aesthetic philosophy of our brand Following the same approach as the Eyewear line, developed through an agreement with EssilorLuxottica for the design, production and distribution of Brunello Cucinelli Eyewear and Sun
Slide 15: Great Value of Craftsmanship
Great Value of Craftsmanship 15
Slide 16: New factory project in Penne
New factory project in Penne Project for a new production activity that will be located in Penne, Abruzzo, convinced that manual skills and craftsmanship are at the heart of our fashion house Penne represents a traditionally extremely important place in the Italian history of handicraft manufacturin
Slide 17: Outlook
Outlook 17
Slide 18: Outlook
Outlook The growth of +34.7% (+32.8% at constant exchange rates) in Q1 2023 makes the expectation of achieving an overall growth of around +15% in 2023, which we consider healthy and balanced We think it is necessary to bear in mind that the result for the first three months of 2023 is decisively fa
Slide 19: Investor Relations
Investor Relations € mln Board of Directors Excutive Chairman and Creative Brunello Cucinelli Director Riccardo Stefanelli C.E.O. Luca Lisandroni C.E.O. Camilla Cucinelli Director Giovanna Manfredi Director Carolina Cucinelli Director Andrea Pontremoli Independent Director Investor Relations & Corpo
Slide 20: Forward looking statements disclaimer
This presentation may contain forward looking statements which reflect Management’s current views and estimates. The forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements. Potenti