Christian Dior SE · EURONEXT:CDI
Christian Dior — Shareholder Meeting (December 2015)
25 slides from Christian Dior's shareholder meeting presentation, Dec 1, 2015
Slide 1: Combined Shareholders' Meeting, December 1, 2015
Combined Shareholders’ Meeting December 1, 2015
Slide 2: Contents
CONTENTS Consolidated financial statements as of June 30, 2015 Review of business groups Christian Dior parent company
Slide 3: Dior Homme Haute Couture
Dior Homme Haute Couture Summer 2016 Autumn Winter 2015-16
Slide 4: Consolidated Financial Highlights
CONSOLIDATED FINANCIAL HIGHLIGHTS Consolidated revenue (EUR billions) Currency Impact of Organic Change at actual (EUR billions) June 30, 2015 Change * impact changes in scope growth exchange rates +7.1% +1.2% +5.4% +13.7% Revenue 35.1 +13.7% Profit from recurring operations 6.3 +4.0% +2.2 +0.3 +1.7
Slide 5: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT (EUR millions) June 30, 2015 June 30, 2014 * Revenue 35,081 30,867 Gross margin 22,774 20,309 Marketing and selling expenses (13,828) (11,884) General and administrative expenses (2,647) (2,365) Income (loss) from investments in joint ventures and associates (3) (9) Pro
Slide 6: Consolidated Free Cash Flow
CONSOLIDATED FREE CASH FLOW (EUR millions) June 30, 2015 7,611 Interest Operating taxes Change in (164) Operating working capital investments (1,551) (468) 3,481 (1,947) CASH FROM OPERATIONS FREE BEFORE CHANGES IN CASH FLOW (*) WORKING CAPITAL (*) Before financial investments, transactions relating
Slide 7: Consolidated Financial Structure
CONSOLIDATED FINANCIAL STRUCTURE June 30, 2015 €60.0 billion €60.0 billion 44% Equity Non-current assets 70% Non-current 36% liabilities Inventories 18% Current 20% liabilities Other 12% current assets Assets Liabilities and equity
Slide 8: Consolidated Equity and Net Financial Debt
CONSOLIDATED EQUITY AND NET FINANCIAL DEBT (EUR billions) JUNE 30, 2013 JUNE 30, 2014 JUNE 30, 2015 30.3 28.1 26.3 22% 26% 28% 7.9 7.5 6.3 EQUITY NET FINANCIAL DEBT GEARING
Slide 9: Ready-to-Wear Haute Couture
Ready-to-Wear Haute Couture Spring Summer 2016 Autumn Winter 2015-16
Slide 10: Consolidated Revenue by Business Group
CONSOLIDATED REVENUE BY BUSINESS GROUP As % of total revenue as of June 30, 2015 (and June 30, 2014) Fashion and Leather Goods Selective Retailing 33% (33%) 30% (29%) Christian Dior Couture Wines and Spirits 5% (5%) 12% (13%) Watches and Jewelry Perfumes and Cosmetics 9% (9%) 12% (12%) Note: revenue
Slide 11: Consolidated Revenue by Geographic Region of Delivery
CONSOLIDATED REVENUE BY GEOGRAPHIC REGION OF DELIVERY As % of total revenue as of June 30, 2015 (and June 30, 2014) Europe France (excluding France) 10% (11%) 19% (19%) Japan United States 7% (7%) 24% (22%) Asia Other markets (excluding Japan) 12% (11%) 28% (30%)
Slide 12: Consolidated Revenue by Invoicing Currency
CONSOLIDATED REVENUE BY INVOICING CURRENCY As % of total revenue as of June 30, 2015 (and June 30, 2014) Euro US dollar 23% (24%) 29% (27%) HK dollar 8% (8%) Other currencies Japanese yen 33% (34%) 7% (7%)
Slide 13: Archi Dior
Christian Dior Archi Dior
Slide 14: Christian Dior Couture
CHRISTIAN DIOR COUTURE Revenue (EUR millions) Robust revenue growth: +10% at constant exchange rates (+18% at actual exchange rates) 1,501 * 1,765 Even more pronounced retail sales growth: +12% at constant exchange rates Strong momentum benefiting all geographic regions and June 30, 2014 June 30, 20
Slide 15: Maison Dior in Seoul
| in Seoul 10r D Maison
Slide 16: Wines and Spirits
WINES AND SPIRITS Revenue (EUR millions) Revenue: +4% at actual exchange rates and -1% at constant structure and exchange rates 4,055 * 4,226 Profit from recurring operations: -9% Cognac: - Fiscal year adversely affected by Chinese distributors’ destocking - Good momentum in other Asian countries an
Slide 17: Fashion and Leather Goods
FASHION AND LEATHER GOODS Revenue (EUR millions) Organic growth: +4% (+15% at actual exchange rates) 11,731 10,202 * Louis Vuitton: a strong creative dynamic - Robust growth in leather goods - Good balance between the legendary Monogram and leather goods lines June 30, 2014 June 30, 2015 - New creat
Slide 18: Perfumes and Cosmetics
PERFUMES AND COSMETICS Revenue (EUR millions) Organic growth: +7% (+13% at actual exchange rates) 3,752 * 4,236 Good performance at Parfums Christian Dior thanks to its three global blockbusters: J’adore, Miss Dior and Dior Homme Guerlain: success of the La Petite Robe Noire fragrance and June 30, 2
Slide 19: Watches and Jewelry
WATCHES AND JEWELRY Revenue (EUR millions) Organic growth: +7% (+14% at actual exchange rates) 3,068 Surge in operating profit: +19% 2,688 * Sustained increase, driven by the performance of jewelry Very robust business activity in jewelry, especially at June 30, 2014 June 30, 2015 Bvlgari Profit fro
Slide 20: Selective Retailing
SELECTIVE RETAILING Revenue (EUR millions) Organic growth: +6% (+15% at actual exchange rates) 10,443 9,087 * DFS: - Unfavorable environment in Macao and Hong Kong - Development of new concepts June 30, 2014 June 30, 2015 Sephora: Profit from recurring operations - Excellent momentum throughout the
Slide 21: Dioressence high heels
Christian Dior Dioressence high heels Christian Dior GROUP
Slide 22: Appropriation of Christian Dior's Net Profit for Fiscal Year Ended June 30, 2015
APPROPRIATION OF CHRISTIAN DIOR’S NET PROFIT FOR THE FISCAL YEAR ENDED JUNE 30, 2015 (4th resolution) Net profit : €3,414 million Profit available for distribution: €3,420 million Proposed gross cash dividend for the fiscal year: €3.20 per share - interim dividend paid on April 23, 2015: €1.25 per s
Slide 23: Lady Dior handbag
Christian Dior Lady Dior handbag Christian Dior GROUP
Slide 24: Change in the Fiscal Year Opening and Closing Dates
CHANGE IN THE FISCAL YEAR OPENING AND CLOSING DATES OF CHRISTIAN DIOR (15th resolution) Historical background Indirect consequence of the distribution of Hermès shares: 2.1 billion euro retained profit New proposed fiscal year opening and closing dates: January 1 - December 31 6-month fiscal year: J
Slide 25: Combined Shareholders' Meeting, December 1, 2015
Combined Shareholders’ Meeting December 1, 2015