Essilorluxottica Sa · EURONEXT:EL
Essilorluxottica Sa — Q3 2024 Earnings Presentation
17 slides from Essilorluxottica Sa's earnings presentation, Oct 17, 2024
Slide 1: Q3 Revenue 2024
Q3 Revenue 2024 October 17, 2024
Slide 2: Financial Highlights
Financial Highlights • Group’s revenue up +4.0% at constant exchange rates in Q3, +4.9% year to date • Revenue positive in both segments in all the regions in Q3 • North America up low-single digit, with sun retail turning positive at the end of the quarter • EMEA up mid-single digit, driven by both
Slide 3: EssilorLuxottica at the SILMO Paris 2024
Q3 Revenue 2024 3 EssilorLuxottica at the SILMO Paris 2024
Slide 4: Revenue Growth
Revenue Growth Constant Current exchange rates exchange rates Q3 2024 vs 2023 Group Revenue +4.0% +2.3% 9M 2024 vs 2023 Group Revenue +4.9% +3.0% Q3 Revenue 2024 4
Slide 5: EssilorLuxottica at the SILMO Paris 2024
Q3 Revenue 2024 5 EssilorLuxottica at the SILMO Paris 2024
Slide 6: Q3 revenue by segment, 2024 vs 2023
Q3 revenue by segment, 2024 vs 2023 Change at constant Change at current € million Q3 2024 Q3 2023 exchange rates exchange rates Professional Solutions 3,017 2,978 +3.4% +1.3% Direct To Consumer 3,420 3,316 +4.6% +3.2% EssilorLuxottica 6,437 6,294 +4.0% +2.3% Q3 Revenue 2024 6
Slide 7: Q3 revenue by region, 2024 vs 2023
Q3 revenue by region, 2024 vs 2023 Change at constant Change at current € million Q3 2024 Q3 2023 exchange rates exchange rates North America 2,854 2,839 +1.6% +0.5% EMEA 2,433 2,317 +5.6% +5.0% Asia-Pacific 794 760 +5.0% +4.5% Latin America 356 377 +10.8% -5.6% EssilorLuxottica 6,437 6,294 +4.0% +2
Slide 8: Nine-month revenue by segment, 2024 vs 2023
Nine-month revenue by segment, 2024 vs 2023 Change at constant Change at current € million 9M 2024 9M 2023 exchange rates exchange rates Professional Solutions 9,430 9,213 +4.5% +2.4% Direct To Consumer 10,297 9,932 +5.3% +3.7% EssilorLuxottica 19,727 19,145 +4.9% +3.0% Q3 Revenue 2024 8
Slide 9: Nine-month revenue by region, 2024 vs 2023
Nine-month revenue by region, 2024 vs 2023 Change at constant Change at current € million 9M 2024 9M 2023 exchange rates exchange rates North America 8,827 8,727 +1.6% +1.1% EMEA 7,402 7,034 +7.3% +5.2% Asia-Pacific 2,383 2,279 +7.7% +4.6% Latin America 1,115 1,104 +10.1% +1.0% EssilorLuxottica 19,7
Slide 10: 30 Years of Innovation
30 Years of Innovation 1990 1991 1994 1996 1999 2003 2005 2006 Foundation HRT I HRF, HRA Simultaneous HRT II, HEYEX, Rostock Cornea HRT 3 SPECTRALIS FA + ICGA Normative Module Database 2009 2009 2010 2011 2012 2013 2014 2015 Blue Peak HEP Anterior OCT-EDI MultiColor Ultra- Premium 55o Widefield Fund
Slide 11: Store Count on September 30, 2024
Store Count on September 30, 2024 North Asia- Latin Corporate Franchising Total EMEA America Pacific America Stores & Other Storecount Sunglass Hut 1,610 574 316 415 2,915 245 3,160 LensCrafters 1,012 81 1,093 8 1,101 Vision Express 851 851 149 1,000 Apollo 673 673 221 894 Target Optical 575 575 575
Slide 12: Oakley Safehouse at the Paris Olympic Games
Oakley Safehouse at the Paris Olympic Games Q3 Revenue 2024 12
Slide 13: North America revenue +1.6% in Q3
Andre De Grasse wearing Oakley North America revenue +1.6% in Q3 PROFESSIONAL SOLUTIONS • Solid prescription frames, but soft sunglasses in an uncertain macro environment • Ray-Ban Meta driving strongly, Varilux XR and Transitions Gen S gaining further momentum • Key accounts and partner ECPs remain
Slide 14: EMEA revenue +5.6% in Q3
Cassandre Beaugrand wearing Oakley EMEA revenue +5.6% in Q3 PROFESSIONAL SOLUTIONS • Growth across most of the key countries and all product categories • Lens growth still fueled by innovations (Varilux XR and Transitions Gen S), Nikon brand strongly performing • Miu Miu, Oakley, Jimmy Choo and Ray-
Slide 15: Asia-Pacific revenue +5.0% in Q3
Asia-Pacific revenue +5.0% in Q3 Supreme store Osaka PROFESSIONAL SOLUTIONS • Greater China up low-single digit, as positive Mainland offset negative Hong Kong • Stellest buoyant in Greater China (up more than 40%), approaching 2 million pairs sold year to date • All other key markets growing soundl
Slide 16: Latin America revenue +10.8% in Q3
Latin America revenue +10.8% in Q3 PROFESSIONAL SOLUTIONS • Brazil recovering nicely driven by luxury frame brands and Varilux on lens side • Mexico weakening with soft lens category • Transition Gen S experiencing strong momentum in Colombia DIRECT TO CONSUMER • Optical banners driving with positiv
Slide 17: Barshim Mutaz wearing Oakley
Q3 Revenue 2024 17 Barshim Mutaz wearing Oakley