Capri Holdings Limited · NYSE:CPRI
Capri — Q2 2021 Earnings Presentation
9 slides from Capri's earnings presentation, Nov 5, 2020
Slide 1: 2Q Fiscal Year 2021 Earnings Presentation
2Q Fiscal Year 2021 Earnings Presentation November 5, 2020
Slide 2: Second Quarter Fiscal 2021 Highlights
SECOND QUARTER FISCAL 2021 HIGHLIGHTS • Revenue trends improved sequentially in 2Q21, with results above expectations o 2Q21 E-commerce sales up approximately 60%, a sequential acceleration versus 1Q21 o Positive sales in Mainland China in 2Q21 across all Luxury Houses o Mid-single-digit growth in r
Slide 3: Quarterly Retail Sales Improving
QUARTERLY RETAIL SALES IMPROVING 0% Year-over-year percent change (25)% (50)% (75)% 4Q20 1Q21 2Q21 Total Sales Retail Sales 3 Note: Retail sales include Versace for the three months ended September 26, 2020
Slide 4: Quarterly Retail Sales Improving by Region
QUARTERLY RETAIL SALES IMPROVING Total Global Asia 4Q20 1Q21 2Q21 3Q21 QTD 4Q20 1Q21 2Q21 3Q21 QTD 0% 25% Year-over-year percent change Year-over-year percent change (25)% 0% (50)% (25)% (75)% (50)% Americas EMEA 4Q20 1Q21 2Q21 3Q21 QTD 4Q20 1Q21 2Q21 3Q21 QTD 0% 0% Year-over-year percent change Yea
Slide 5: Liquidity and Net Debt
LIQUIDITY AND NET DEBT Liquidity Net Debt $1.89B $1.59B $1.56B $1.54B $1.14B $1.17B $0.9B $0.7B 3Q20 4Q20 1Q21 2Q21 3Q20 4Q20 1Q21 2Q21 Liquidity = Cash and availability on revolver Net Debt = Total Debt less Cash and Cash Equivalents 5
Slide 6: Versace results highlights
• Sequential revenue improvement in 2Q21, with global retail sales increasing mid-single-digits • E-commerce sales up triple digits • High single digit retail sales growth in Mainland China • Strong double digit retail sales growth in North America • Accessories gaining traction • Particular strengt
Slide 7: Jimmy Choo results highlights
• Sequential revenue improvement in 2Q21 • E-commerce sales up triple digits • Strong double digit retail sales growth in Mainland China • Low single digit retail sales growth in North America • Extremely successful collaboration launch of Jimmy Choo x Timberland • Global database +22% year-over-yea
Slide 8: Michael Kors results highlights
• Sequential revenue improvement in 2Q21 • E-commerce improved sequentially with sales up strong double digits • High single digit retail sales growth in Mainland China • Signature penetration in accessories expanded to ~40% • Gross margin expansion primarily driven by higher AUR • Global database +
Slide 9: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains statements which are, or may be deemed to be, “forward-looking statements.” Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of Capri Holdi