Smcp Sa · EURONEXT:SMCP
Smcp Sa — Q1 2022 Earnings Presentation
24 slides from Smcp Sa's earnings presentation, Apr 26, 2022
Slide 1: 2022 Q1 Sales
2022 Q1 Sales April 26th, 2022 Isabelle Guichot, CEO Patricia Huyghues Despointes, CFO
Slide 2: Disclaimer
Disclaimer Certain information contained in this presentation includes projections and forecasts. These projections and forecasts are based on SMCP management's current views and assumptions. Such forward-looking statements are not guarantees of future performance of the Group. Actual results or per
Slide 3: Isabelle Guichot, CEO
Isabelle Guichot, CEO 3
Slide 4: Q1 Sales up +24% driven by LFL thanks to strong local demand
Q1 Sales up +24% driven by LFL thanks to strong local demand SALES GROWTH Adj. EBIT (∆ Q1) NETWORK 1 DIGITAL PENETRATION +23.7% -17 POS +23.6% LFL 25% o/w -13 in France (End of Suite 341 format) +26.4% reported vs. 23% in 2021 #POS: 1,667 Sales: €283.0m • Strong quarter performance resulting from ou
Slide 5: Outstanding momentum in AMERICAS & EMEA
Outstanding momentum in AMERICAS & EMEA Sales growth by region FRANCE EMEA APAC AMERICAS +22.7% vs 2021 +72.9% vs 2021 -13.9% vs 2021 +44.5% vs 2021 Q1 Breakdown by region by brand by channel 13% 10% 24% 33% 47% 40% 14% 90% 29% France EMEA Sandro Maje Other Brands Retail Wholesale Americas APAC Orga
Slide 6: Brand desirability – Celebrating the Chinese New Year
Brand desirability – Celebrating the Chinese New Year 6
Slide 7: Brand desirability – New innovative collaborations
Brand desirability – New innovative collaborations NEW ERA x x Shanghai, Grand Gateway 7
Slide 8: Brand desirability – A worldwide disruptive communication
Brand desirability – A worldwide disruptive communication Paris New York Chengdu Geneva 8
Slide 9: Q1 Sustainability update
Q1 Sustainability update “The highest Upcycled possible LEED x Capsule certification” 9
Slide 10: Q1 Key Openings in EMEA
Q1 Key Openings in EMEA ▼ BELGIUM ▼ ▼ SWITZERLAND▼ ▼ PORTUGAL ▼ Claudie Pierlot - Lisbon, Av. da Liberdade Fursac - Geneva, rue Robert-Céard Fursac - Anvers, Oudaan 10
Slide 11: Q1 Key Openings – SMCP conquers Estonia
Q1 Key Openings – SMCP conquers Estonia ▼ New country, ESTONIA▼ Tallin, Pärnu Mantee 12 / Suur-Karja 20 11
Slide 12: Q1 Key Openings in APAC
Q1 Key Openings in APAC ▼ CHINA ▼ ▼ SOUTH KOREA▼ Nanjing, Hexi Golden Eagle Seoul, Lotte Jamsil Seoul, Hyundai Daegu 12
Slide 13: Patricia Huyghues Despointes, CFO
Patricia Huyghues Despointes, CFO 13
Slide 14: Q1 2022 Sales performance by region
Q1 2022 Sales performance by region • Progressive improvement over the quarter, outperforming the market thanks to a Sales evolution vs LY good start of our spring-summer collections FRANCE • Strong performance vs. 2021, mainly driven by LFL growth (+22.0%), including: Q1 21 Q1 22 93.7m − Sharp redu
Slide 15: Q1 2022 Sales performance by region
Q1 2022 Sales performance by region • Despite a good start to the quarter (successful Chinese New Year), recent Covid Sales evolution vs LY restrictions first in Hong-Kong and later in Mainland China impacted sales Q1 21 Q1 22 APAC • High comparison base and fast digital penetration growth (+3pts vs
Slide 16: Outlook
Outlook 16
Slide 17: Outlook
Outlook Outlook2021 SMCP is closely monitoring the health context in APAC and the impact of the restrictions on the in-store traffic as well as on supply chain capabilities. The Group remains cautious as the situation in Mainland China can evolve rapidly and new cities could be impacted. SMCP confir
Slide 18: Financial Agenda
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Slide 19: Next financial publication
Next financial publication August 1, 2022 o 2022 H1 Results 1919
Slide 20: Appendix
Appendix
Slide 21: Quarterly net sales by region and by brand
Quarterly net sales by region and by brand In €m Q1-21 Q1-22 Reported % Organic %* France 78.6 93.7 +19.1% +22.7% EMEA 47.5 83.1 +74.9% +72.9% Americas 24.9 38.6 +55.0% +44.5% APAC 72.8 67.6 -7.2% -13.9% Total 223.9 283.0 +26.4% +23.7% Sandro 103.6 134.1 +29.4% +25.9% Maje 89.3 112.2 +25.6% +22.1% O
Slide 22: Breakdown of POS
Breakdown of POS Var Q1 22 Var Q1 22 Directly operated stores Number of DOS Q1-21 2021 Q1-22 vs. FY 21 vs. Q1 21 By region France 486 472 459 -13 -27 EMEA 406 402 395 -7 -11 Americas 165 166 165 -1 - APAC 233 252 251 -1 +18 By brand Sandro 548 552 541 -11 -7 Maje 440 455 451 -4 +11 Claudie Pierlot 2
Slide 23: Shareholding structure and voting rights as of March 31st, 2022
Shareholding structure and voting rights as of March 31st , 2022 Capital (%) Voting rights (%) Incl. double voting rights) Trustee2 Trustee 2 28.8% 25.4% (28.0%) 1 (24.9%) 1 Free Float Free Float 35.5% 40.0% (35.1%) 1 (39.2%) 1 European TopSoho European TopSoho 8.0% 14.0% (7.8%) 1 (13.8%) 1 Founders
Slide 24: Definitions of non-IFRS financial measures
Definitions of non-IFRS financial measures o “Sales” consists of total sales (retail and wholesale sales) net of rebates, discounts, VAT and other sales taxes, but before the deduction of concession fees paid to department stores and commissions paid to affiliates. o “ Organic sales growth” correspo