Compagnie Financiere Richemont Sa · SIX:CFR
Compagnie Financiere Richemont Sa — FY2022 Earnings Presentation
13 slides from Compagnie Financiere Richemont Sa's earnings presentation
Slide 1: Operations
Operations At Richemont, We Craft the Future
Slide 2: FY22 Overview of Revenue by Region
FY22 OVERVIEW OF REVENUE BY REGION 23% +51% › Double-digit growth yoy in all Europe Japan regions 6% 22% +28% +79% › Asia Pacific, the Americas Americas 8% +54% 41%, +32% and Europe were the largest Middle East and Africa Asia Pacific contributors to sales increase % of sales, % change at actual rat
Slide 3: Sales by Region YoY / Yo2Y
SALES BY REGION YOY / YO2Y change at const ant rat es FY22 vs FY21 Q1 Q2 Q3 Q4 FY › All regions above Europe +108% +38% +42% +43% +51% pre-pandemic levels Asia Pacific +95% +17% +18% +8% +28% Americas +276% +58% +55% +46% +77% › Strongest growth in Japan +138% +20% +22% +23% +35% Middle East and M i
Slide 4: FY22 Sales by Distribution Channel
FY22 SALES BY DISTRIBUTION CHANNEL › 57% of Group sales generated through the retail €19 181m channel, with 51% sales growth (+53% yo2y) › Online retail +27% (+38% yo2y) generating 19% Retail 57% of Group sales; sharp growth at the Specialist Watchmakers › Direct-to-client sales now 76% of Group sal
Slide 5: Online Penetration Rate
ONLINE PENETRATION RATE › Online penetration rate above pre-pandemic period › Highest penetration rate at F&A Maisons › NB: Maison-only online retail sales, i.e. excluding Online Distributors Online retail sales (€m) Online penetration rate 1 200 7% FY22 penetration 1 000 6% rate by business area 5%
Slide 6: Performance – Jewellery Maisons
FY22 PERFORMANCE – JEWELLERY MAISONS › Sales up by 49% yoy (+54% yo2y) Strong sales growth in all regions 18% +89% Europe Double-digit growth across all 7% channels 22% +29% Japan +90% Americas 9% › Operating margin at 34.3% +31% 44%, +30% Middle East Asia Pacific Significant sales growth % of
Slide 7: Jewellery Maisons
FY22 JEWELLERY MAISONS › Excellent performance in jewellery and watches, notably from Cartier: Love, Panthère, Santos, Ballon Bleu and the newly launched Tank Must SolarBeat Van Cleef & Arpels: Alhambra, Perlée and Lady Arpels Buccellati: Opera Tulle and Macri › Digital expansion of Van Cleef
Slide 8: Performance – Specialist Watchmakers
FY22 PERFORMANCE – SPECIALIST WATCHMAKERS › Sales increased by 53% yoy (+20% yo2y) Strong growth in direct-to-client sales, 17% +59% now exceeding 50% of total sales Europe Solid growth in all regions, with notable 12% 5% +27% Japan strength in the Americas +118% Americas 6% 60%, +33% n/r Asia P
Slide 9: Specialist Watchmakers
FY22 SPECIALIST WATCHMAKERS › Many of the Maisons and the business area reaching new scale at €3.4bn sales › Strong performance of iconic collections (among others A. Lange & Söhne Lange 1, Baume & Mercier Riviera, IWC Pilot watches, Jaeger LeCoultre Reverso, Panerai Luminor, Piaget Polo, Roger Dubu
Slide 10: Performance – Online Distributors
FY22 PERFORMANCE – ONLINE DISTRIBUTORS › Sales growth of 27% yoy (+15% yo2y) Double-digit increase across regions 48% +14% Europe › Operating loss broadly in line with prior 4% 29% +20% Japan year at €210m +47% 13%, +39% Americas 6% Asia EBITDA loss reduced by a third to +37% Middle East Pacific
Slide 11: Online Distributors
FY22 ONLINE DISTRIBUTORS › NET-A-PORTER, MR PORTER, YOOX, THE OUTNET Continued discussions with LNR partners, exploring opportunities for closer future collaboration Shift to hybrid business model with further brands on concession at NET-A-PORTER and MR PORTER; YOOX marketplace in Europe; key lo
Slide 12: Performance – Other
FY22 PERFORMANCE – OTHER › Sales rose by 53% yoy (+15% yo2y) Broad-based double-digit growth 31% +56% Europe Accelerating growth momentum 7% throughout the year; exceeding pre- 33% +34% Japan Covid levels +68% 25%, +38% Americas 4% +58% › Operating loss significantly reduced to Middle East Asia
Slide 13: Other – Fashion & Accessories
FY22 OTHER – FASHION & ACCESSORIES › Enhanced Maisons’ desirability with new creative setup First collections of Gabriela Hearst at Chloé and Pieter Mulier at Alaïa very well received New leather collection designed by Marco Tomasetta at Montblanc just launched › Notable performance at Peter Mil
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