V.f. Corporation · NYSE:VFC
V.f — Merger or Acquisition (January 2020)
7 slides from V.f's merger presentation, Jan 21, 2020
Slide 1: VF Corporation To Explore Strategic Alternatives for Occupational Portion of Work Segment
VF Corporation To Explore Strategic Alternatives for Occupational Portion of Work Segment January 21, 2020
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain statements included in this presentation are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting VF and therefore involve several ris
Slide 3: Portfolio Management Remains a Top Strategic Priority
Portfolio Management Remains a Top Strategic Priority DRIVE AND ELEVATE DISTORT TO OPTIMIZE OUR DIRECT ASIA PORTFOLIO CHANNELS ACCELERATE CONSUMER-MINDED, RETAIL- CENTRIC, HYPER-DIGITAL BUSINESS MODEL TRANSFORMATION 3
Slide 4: Potential Transaction Overview
Potential Transaction Overview VF to explore strategic alternatives for the occupational portion of its Work segment The occupational portion of the Work segment consists of primarily 9 brands, which contributed ~$865 million and ~$130 million of revenue and adjusted operating income1, respectiv
Slide 5: VF Is Repositioning Its Work Portfolio…
VF Is Repositioning Its Work Portfolio… Revenue Growth Profile + Low- to Mid-single digits + Mid- to High-single digits Gross Margin Profile < 35% > 40% Business to Business (B2B) Distribution Profile Business to Consumer Wholesale (incl. B2B) DTC Penetration Direct to Consumer United States Interna
Slide 6: …And Evolving Its Supply Chain Footprint
…And Evolving Its Supply Chain Footprint Prior to Kontoor Portfolio Post Occupational Brands Spin-Off Today Work Exit Internal Manufacturing Sourced 6
Slide 7: Separation Rationale
Separation Rationale Enhances management focus on simplified, higher growth-oriented portfolio; Post occupational Work exit, VF’s portfolio simplifies to 12 brands Improves business model alignment with growing international and DTC platforms Creates opportunity to focus investment on strategic prio