Samsonite Group S.a. · HKEX:1910
Samsonite — Samsonite International — Q3 2016 Earnings Presentation
13 slides from Samsonite's earnings presentation, Nov 28, 2016
Slide 1: 3rd Quarter 2016 Results
Samsonite International S.A. 3rd Quarter 2016 Results November 2016
Slide 2: Disclosure Statement
Disclosure Statement This presentation and the accompanying slides (the “Presentation”) which have been prepared by Samsonite International S.A. (“Samsonite” or the “Company”) do not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or b
Slide 3: 2016 Results Highlights: 3rd Quarter
2016 Results Highlights 3rd Quarter Excluding the tax-effected impact of interest expense from financing the Tumi acquisition, +22.8% 3Q 2016 Constant Adjusted Net Currency Income as a Growth percentage of net sales was 9.0% compared to 9.1% in 3Q 2015. Constant currency net sales Gross margin was u
Slide 4: 3rd Quarter Net Sales by Region
3rd Quarter Net Sales by Region – All regions delivering strong organic constant currency growth Constant Currency 13.4% 39.1% 16.5% 26.2% Growth Constant Currency 3.7% 9.8% 9.4% 26.2% Growth excl. Tumi Page 4
Slide 5: 3rd Quarter Net Sales by Key Market
3rd Quarter Net Sales by Key Market (1) (2) Constant Currency Growth Excl Tumi 10.0% 8.1% 0.5% 8.1% 7.4% 8.6% -11.5% 14.3% 13.0% -9.4% 16.7% 32.1% (1) Hong Kong includes Macau and sales to Asia’s Tumi distributors in China and South Korea. Page 5 (2) UK includes Ireland.
Slide 6: 3rd Quarter Net Sales by Brand
3rd Quarter Net Sales by Brand Continued growth in Samsonite with net sales up 7.6%(1). Net Sales Growth by Brand American Tourister net sales down 6.1%(1) due to a decrease in Asia of 11.3%(1) after successive years of high growth, mostly due to a decrease in the TV Home Shopping channel in South K
Slide 7: Tumi Performance August and September
Tumi Performance August and September Net sales growth of 15.6% for the period of August and September compared to same period of 2015 was driven largely by the impact of the consolidation of Tumi Japan. Excluding the impact of Tumi Japan, net sales growth was 10.5%. This reflects a strong pickup fr
Slide 8: 2016 Results Highlights: YTD September
2016 Results Highlights YTD September Excluding the tax-effected impact of interest expense from financing the Tumi acquisition, YTD September +10.6% 2016 Adjusted Constant Net Income as a Currency percentage of Growth net sales was 8.6% compared to 8.7% YTD September 2015. Constant currency net sal
Slide 9: YTD September Net Sales by Region
YTD September Net Sales by Region Constant Currency 7.0% 13.3% 11.5% 17.2% Growth Constant Currency 3.7% 3.6% 8.9% 17.2% Growth excl. Tumi Page 9
Slide 10: YTD September Net Sales by Key Market
YTD September Net Sales by Key Market (1) (2) Constant Currency Growth Excl Tumi 3.8% 2.6% 0.2% 3.2% 13.4% 11.7% -14.2% 17.6% 21.1% -8.3% 8.8% 17.2% (1) Hong Kong includes Macau and sales to Asia’s Tumi distributors in China and South Korea. Page 10 (2) UK includes Ireland.
Slide 11: Balance Sheet
Balance Sheet Net debt of $1,673.3 million at US$m September 30, December 31, September 30, September 30, 2016 reflects the $ C hg S e p- 16 % C hg S e p- 16 2015 2015 2016 v s . S e p- 15 v s . S e p- 15 financing of the Tumi acquisition. Cash flows generated from operations of Cash and cash equiva
Slide 12: Efficiently managing working capital
Efficiently managing working capital Net working capital as of September 30, 2016 is 14.3% of sales, slightly unfavorable to targeted 14% level due mainly to the initial US$m September 30, September 30, $ Chg Sep-16 % Chg Sep-16 vs.(1)Sep-15 vs. Sep-15 impact of Tumi. Excluding Tumi, net working 201
Slide 13: Tumi acquisition financed by new senior credit facilities
Tumi acquisition financed by new senior credit facilities Term Loan A US$1,250 million maturing on August 1, 2021. Initial interest rate of LIBOR plus 2.75% per annum, subject to step-downs based on reduction in the total net leverage ratio of the Company and its restricted subsidiaries. Next step-d
Samsonite International — Q3 2016 Earnings Presentation on 6ix