Burberry Group Plc · LSE:BRBY
Burberry — Q3 FY2022 Earnings Presentation
10 slides from Burberry's earnings presentation, December 2021
Slide 1: Summary of Progress
SUMMARY OF PROGRESS Full-price sales comp +26% & total comp -3% v LLY Headwinds from markdown exit Strong full-price revenue growth across focus product categories Outerwear total full-price sales +38% and Leather +29% v LLY New store concept performing well Full-price digital sales up high double-d
Slide 2: Strategy: Four Revenue Growth Drivers
STRATEGY: FOUR REVENUE GROWTH DRIVERS 1. Build brand advocacy and community 2. Focus categories: outerwear and leather goods 3. Drive store performance 4. Supercharge digital sales Purpose, values and sustainability at the heart of the business STRONG CAMPAIGNS DRIVING FULL-PRICE SALES GROWTH Succes
Slide 3: Core Product Categories Performing Well
CORE PRODUCT CATEGORIES PERFORMING WELL Leather Full-price sales growth 29% Outerwear Full-price sales growth 38%
Slide 4: Distribution Strengthened with New Store Concept
DISTRIBUTION STRENGTHENED WITH NEW STORE CONCEPT NEW STORE CONCEPT, Plaza 66, November 2021 PERFORMING WELL SS CONTINUED DIGITAL INNOVATION SUPPORTING FULL-PRICE GROWTH Dedicated outerwear hub on Burberry.com Enhanced omnichannel journeys Expanded social retail experiences and launched innovative pa
Slide 5: Sustainability
SUSTAINABILITY announcing £300m Linked Loan facility ESG SUPPORTING COMMUNITIES DIVERSITY & INCLUSION extending partnership working with The Valuable 500 with Marcus Rashford and Business Disability Forum QUARTERLY COMPARABLE STORE SALES PROGRESSION V LLY REACCELERATION OF FULL-PRICE COMP SALES GROW
Slide 6: Q3 Retail Comparable Growth vs FY20
Q3 RETAIL COMPARABLE GROWTH VS FY20 INCLUDING FULL-PRICE PERFORMANCE Comp -17% FP -4% EMEIA USFP +77% Mainland China FP +37% South Korea FP +62% Note: Comp - Comparable store sales at CER; FP - Full-price comparable store sales at CER 10 COMPARABLE STORE SALES GROWTH Comparable store sales performan
Slide 7: Outlook
OUTLOOK Strong full-price sales growth to continue FY22 adjusted operating profit to grow in the region of 35% at CER compared with the prior year* FX: £79m revenue headwind £27m adjusted operating profit headwind in FY22** Wholesale: FY22 thigh 30s% at CER (mid 30s% previously) Capex expected to be
Slide 8: Disclaimer
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 results to
Slide 9: Transformation years and COVID-19 impact; The next chapter: Accelerate and grow
Transformation years and COVID-19 impact The next chapter: Accelerate and grow Revenue growth HSD Revenue CAGR (base FY20)* Driven by driven by brand advocacy, core full-price product categories, improved sales densities, digital and full-price Meaningful Adjusted operating margin margin FY22 increa
Slide 10: Foreign Exchange Rates
FOREIGN EXCHANGE RATES Exchange rates Forecast effective rates for FY22 Sie £1= 24 December 2021 29 October 2021 FY21 Euro 1.17 1.17 1.12 US Dollar 1.36 1.38 1.30 Chinese Renminbi 8.74 8.88 8.85 Hong Kong Dollar 10.62 10.75, 10.08 Korean Won 1,589 1,602 1,514 IR CONTACTS Julian Easthope VP, Investor