Remy Cointreau SA · EURONEXT:RCO
Remy Cointreau SA — 9M 2020/21 Earnings Presentation
13 slides from Remy Cointreau SA's earnings presentation, Jan 22, 2021
Slide 1: Sales for the 9 months 2020/21
Sales for the 9 months 2020/21 ending 31 December 2020 J A N U A R Y 2 2 nd, 2 0 2 1
Slide 2: 9M 2020/21 Sales: Key Messages
9M 2020/21 Sales : Key Messages • Global context still largely impacted by the COVID-19 pandemic: ‒ Collapse in duty free sales (along with international airline traffic) ‒ Partial closure of the on-trade channel (bars and clubs particularly) significantly impacting sales in Europe and in many marke
Slide 3: 9M 2020/21 Sales Analysis
9M 2020/21 Sales Analysis Reported decline : -4.1% 814.0 -1.6% -2.8% +0.3% 780.9 3
Slide 4: Currency Impact on 9M 2020/21 Sales
Currency Impact on 9M 2020/21 Sales Currency translation loss of 22.5 million euros €m CHF TWD +0,1 +0,1 CAD -0,7 Other currencies RUB -1,8 -1,9 CNY -3,8 USD -14,5 4
Slide 5: Quarterly Organic Sales Growth
Quarterly Organic Sales Growth 9M 20/21: -1.6% FY18/19: +7.8% (RC Brands: +9.8%) FY19/20: -11.2% (RC Brands: -6.3%) (RC Brands: -1.5%) 30% 26,5% 25,1% 20% 12,8% 8,8% 9,1%8,9% 8,7% 10% 7,0% 8,2% 5,9% 3,3% 2,5% 0% -3,0% -4,0% -4,0%-4,7% 5.9% -7,2% -10% -11,3% -20% -22,3% -25,4% -30% -33,2% -33,5% -40%
Slide 6: 9M 2020/2021 Organic Sales Trends by Region
9M 2020/2021 Organic Sales Trends by Region Asia-Pacific organic sales still down double-digits in 9M, despite positive growth in Q3 ▪ Greater China up low-single digits in the 9M period, led by double-digit growth in Q3: ▪ Accelerated double-digit trends in China Mainland and continued growth in Ta
Slide 7: 9M 2020/21 Organic Growth by Division
9M 2020/21 Organic Growth by Division 2% 0% -2% -4% -6% -8% 7
Slide 8: Cognac (+0.1% OSG in 9M)
Cognac (+0.1% OSG in 9M) Asia-Pacific ▪ Greater China: double-digit organic sales in Q3 drive low-single digit growth in the 9M period ▪ China Mainland enjoyed accelerated double-digit sales trends in Q3 (despite an estimated €8M shipment delay from Q3 into Q4, due to the later CNY), led by a strong
Slide 9: Rémy Martin: celebrating the sounds that bring communities together
Rémy Martin: celebrating the sounds that bring communities together Rémy Martin teamed up with multi-platinum, GRAMMY nominated artist, 6LACK to release "Ground's Melody," a two-part video series, paying tribute to the Atlanta and Los Angeles communities and music scenes. Episode 1: Tribute to Atlan
Slide 10: Liqueurs and Spirits (-6.2% OSD in 9M)
Liqueurs and Spirits (-6.2% OSD in 9M) Cointreau ▪ Double digit organic growth in Q3 drove positive sales trends in 9M: double-digit growth in the US, Australia, the UK and Belgium, was partially offset by weakness in the rest of Europe and in Travel Retail ▪ Ongoing strength in at-home consumption
Slide 11: Liqueurs & Spirits awards
Liqueurs & Spirits awards 11
Slide 12: Confidence in 2020/21 Outlook
Confidence in 2020/21 Outlook ▪ Buoyant growth expected in Q4 (albeit less strong than in Q3), due to strategic inventory management ▪ Current Operating Profit to show positive organic growth ▪ Currencies and Scope to reduce COP by 8.0 M€ and 2.0 M€, respectively 12
Slide 13: Rémy Cointreau
REMY COINTREAU