Samsonite Group S.a. · HKEX:1910
Samsonite — Q4 2025 Earnings Presentation
38 slides from Samsonite's earnings presentation, Mar 20, 2026
Slide 1: 2025 Annual Results
2025 ANNUAL RESULTS MARCH 19, 2026 Samsonite Group S.A. Stock Code: 1910
Slide 2: Disclosure Statement
DISCLOSURE STATEMENT This presentation and the accompanying slides (the "Presentation"), which have been prepared by Samsonite Group S.A. ("Samsonite", the "Company", "we", "us" or "our"), do not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the b
Slide 3: Agenda
AGENDA 01 BUSINESS UPDATE 02 FINANCIAL HIGHLIGHTS 03 OUTLOOK 04 Q&A All net sales growth rates throughout the presentation are presented on a constant currency basis, unless stated otherwise. 3
Slide 4: Business Update
BUSINESS UPDATE 4
Slide 5: Q4 Returned to Positive Net Sales Growth
Q4 Returned to Positive Net Sales Growth • Achieved Growth in Q4 2025: Net sales increased 2.2% on a reported basis, Quarterly Net Sales Trend or approximately 1% on a constant currency basis, both a sequential improvement from Q3. Constant Currency Net Sales Growth vs Prior Year ("PY“) • Innovative
Slide 6: Strong Operational Execution Continued in Q4 2025
Strong Operational Execution Continued in Q4 2025 Quarterly Net Sales Trend Quarterly Gross Margin Comparison Quarterly Adjusted EBITDA(1) Comparison Constant Currency Net Sales % of Net Sales Growth vs PY % of Net Sales • Sequential Growth Improvement: Delivered • Continued to Expand Gross Margin:
Slide 7: Net Sales Performance of our Core Brands
Net Sales Performance of our Core Brands Period-over-Period Constant Currency Net Sales Growth(1) • Samsonite brand year-over-year net sales • TUMI brand delivered a second consecutive quarter • American Tourister brand year-over-year net growth meaningfully improved to -0.4%(1) in of positive(1) ye
Slide 8: Broad-based Improvement Across Our Regions
Broad-based Improvement Across Our Regions in H2 Net Sales Growth Compared to H1 Asia North America Europe Latin America • The biggest drivers of sequentially improved • Both the U.S. and Canada saw • Europe delivered a second consecutive • Excluding Mexico, which continued to be year-over-year net
Slide 9: Our Net Sales Growth Has Historically Tracked Growth in Travel
Our Net Sales Growth Has Historically Tracked Growth in Travel Global RPK’s (Revenue Passenger Kilometers) vs. Samsonite Samsonite Group Net Sales vs. Global Air Passenger Traffic (measured in RPK’s) Group Net Sales – 2025 vs. 2019 From 2021 – 2024, our reported net (2) Revenge sales CAGR outpaced t
Slide 10: DTC E-commerce was our Fastest Growing Channel
DTC E-commerce was our Fastest Growing Channel, Leading to a Significant Increase in DTC Channel Net Sales Penetration Comparison of net sales by channel Q4 2024 - Total DTC net sales increased 5.2%(1) year-over-year. - DTC e-commerce increased 12.0%(1). Q4 2025 US$942.4 million - Retail increased 2
Slide 11: Non-travel Growth Continued and Travel Category Improved
Strong Growth of Non-travel Category Net Sales Continued and Travel Category saw Meaningful Improvement in Q4 Comparison of travel vs. non-travel net sales Q4 2024 - Non-travel category net sales Q4 2025 increased +6.7%(1) in Q4 2025 vs. prior US$942.4 million year. US$963.3 million - Travel categor
Slide 12: Clear Strategic Priorities to Accelerate Growth
Clear Strategic Priorities to Accelerate Growth Amplify and Elevate Awareness of Our Iconic, Consumer-Centric Brands Be the Clear Winner in Digital to Further Support Our Multi-Channel Growth Seize Whitespace Opportunities in Lifestyle Bags and Accessories Continue to Win With Products That Resonate
Slide 13: Elevating Our Iconic Brands via World-Class Storytelling
Elevating Our Iconic Brands via World-Class Storytelling A New Global Function to Elevate the Samsonite Brand • Established the Global Marketing & E-commerce Office (GMEO) led by our new Global VP, Marketing and E-commerce, to coordinate and enhance global brand-building and digital efforts. Amplify
Slide 14: Leveraging Scale and Expertise to Become a Clear Winner in Digital
Leveraging Scale and Expertise to Become a Clear Winner in Digital Focused Digital Excellence Strategy to Drive Engagement, Conversion, and • Investing in a more unified Customer Lifetime Value digital experience with personalized user journeys across both DTC and e-retailer channels. • Promoting e-
Slide 15: Seizing Whitespace Opportunities in Non-Travel with Product Launches
Seizing Whitespace Opportunities in Non-Travel with Exciting Product Launches TUMI | Alpha 4 Samsonite | Paralux Samsonite | Ecodiver • Globally launched in January 2026, the next • Samsonite’s Paralux 2-1 Travel • Samsonite Ecodiver Large Backpack generation of one of TUMI’s top-selling Backpack is
Slide 16: Evolving Lightweight with Samsonite Nexis
Evolving Lightweight with Samsonite Nexis Samsonite | Launch of Nexis • New premium luggage collection crafted with ROXKIN, our most advanced shell material. • Combines exceptional strength with ultra-lightweight performance. • Engineered for durability and positioned to expand Samsonite’s premium p
Slide 17: Building on the Strong Momentum of Samsonite Paralux
Building on the Strong Momentum of a Global Hit: Samsonite Paralux PARALUX: CURRENT ASSORTMENT NEW COLORS FOR 2026 Samsonite | Paralux New Colors • Q3 2025 launch outperformed initial expectations worldwide, leading to stockouts of key styles; 2026 replenishment is expected to capture pent-up demand
Slide 18: American Tourister x Stranger Things
Next-Gen Engagement: Capturing the Youth Travel Market – American Tourister x Stranger Things American Tourister x Stranger Things • Leveraged the global phenomenon of Netflix’s Stranger Things final season to drive brand excitement and Gen Z/Millennial engagement. • Blended 80s nostalgia with funct
Slide 19: Introducing the Next Generation Alpha Collection at TUMI
Introducing the Next Generation Alpha 4 Collection at TUMI TUMI | Launch of Alpha 4 • Next generation of TUMI’s top-selling global collection. • Signature FXT Ballistic Nylon anchors the collection, paired with streamlined pocketing, silent magnetic closures, and intuitive access points engineered f
Slide 20: Our progress as a sustainability leader continues to be recognized
Our progress as a sustainability leader continues to be recognized World’s Best Companies in Sustainable Climate Score B Growth 2025 & 2026 #74 of 500 #6 in Retail, Wholesale & Consumer Goods Special Mention for Corporate Governance Essens Circular suitcase won the prestigious Henry Paralux earned t
Slide 21: Our Responsible Journey
Look out for our 2025 Report on Our Responsible Journey To be published next month! 21
Slide 22: Financial Highlights
FINANCIAL HIGHLIGHTS 22
Slide 23: Q4 2025 Results Highlights
Q4 2025 Results Highlights (2) (2) • A return to positive net sales • Gross margin for Q4 2025 • Adjusted EBITDA(2) was • Adjusted net income(2) growth in Q4 of 0.9%(1) compared remained strong at 60.3%, an consistent with Q4 2024 as decreased by US$10 million to Q4 2024. increase of 10 bps over Q4
Slide 24: FY 2025 Results Highlights
FY 2025 Results Highlights (2) (2) • Net sales decreased by 2.6%(1) • Gross margin remained strong at • Adjusted EBITDA margin(2) was • Adjusted net income(2) compared to 2024 with improvement 59.6%, down just 40bps from 17.3%, normalizing from the two decreased by US$76 million from the first half
Slide 25: Other FY 2025 Financial Highlights
Other FY 2025 Financial Highlights • Operating profit of US$528 million in 2025 compared to US$629 million in 2024, with lower net sales and higher distribution expenses, partly offset by lower advertising and G&A expenses. • Combined 2025 distribution and G&A expenses of US$1,329 million were up 2.
Slide 26: 2025 Capex Investments Focused on Retail Store Remodels and New Stores
2025 Capex Investments Focused on Retail Store Remodels, New Stores, and Investment in Strategic Initiatives Capital expenditures by project type US$m 2024 2025 • We continue to leverage our asset-light business model to invest in growth. Retail 58.1 54.2 • Total capital expenditures were down from
Slide 27: Outlook
OUTLOOK 27
Slide 28: Outlook
Outlook • We are confident in the long-term tailwinds supporting our business, including continued growth in travel demand as well as our ability to execute on our strategic priorities to accelerate growth. Further, as the industry leader, we expect to benefit significantly from renewed consumer dem
Slide 29: Q&A
Q&A 29
Slide 30: Thank You
THANK YOU. 30
Slide 31: Appendix
APPENDIX 31
Slide 32: Non-IFRS Financial Measures
Non-IFRS Financial Measures In addition to our results determined in accordance with IFRS Accounting Standards, we review certain non-IFRS financial measures, including constant currency net sales growth, adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted basic and diluted earnin
Slide 33: Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation
Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation Adjusted EBITDA, a non-IFRS financial measure, eliminates the effect of a number of costs, charges and credits and certain other non-cash charges. Adjusted EBITDA is defined as profit for the period/year, adjusted to eliminate income tax expe
Slide 34: Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation
Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation For the Years Ended December 31, 2025 and December 31, 2024 The following table reconciles our adjusted EBITDA and adjusted EBITDA margin to our profit for the year and profit margin, the most directly comparable financial measures stated in
Slide 35: Adjusted Net Income and Adjusted EPS Reconciliation
Adjusted Net Income and Adjusted EPS Reconciliation Adjusted net income, a non-IFRS financial measure, eliminates the effect of a number of costs, charges and credits and certain other non-cash charges, along with their respective tax effects, that impact our reported profit attributable to equity h
Slide 36: Adjusted Net Income and Adjusted EPS Reconciliation
Adjusted Net Income and Adjusted EPS Reconciliation For the Years Ended December 31, 2025 and December 31, 2024 The following table reconciles our adjusted net income and adjusted basic and diluted earnings per share, which are non-IFRS financial measures, to our profit for the year and basic and di
Slide 37: Adjusted Free Cash Flow Reconciliation
Adjusted Free Cash Flow Reconciliation We define adjusted free cash flow, a non-IFRS financial measure, as cash generated from operating activities, less (i) purchases of property, plant and equipment and software and (ii) principal payments on lease liabilities. We believe adjusted free cash flow p
Slide 38: Total Net Leverage Ratio Reconciliation
Total Net Leverage Ratio Reconciliation We calculate total net leverage ratio, a non-IFRS financial measure, by dividing total consolidated net debt (total borrowings excluding deferred financing costs, less cash and cash equivalents), by the consolidated adjusted EBITDA for the trailing four fiscal