Smcp Sa · EURONEXT:SMCP
Smcp Sa — Q1 2023 Earnings Presentation
24 slides from Smcp Sa's earnings presentation, Apr 27, 2023
Slide 1: 2023 Q1 Sales
2023 Q1 Sales April 27th, 2023 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: Strong start to the year driven by a healthy performance in Europe and a shift back to growth in APAC
Strong start to the year driven by a healthy performance in Europe and a shift back to growth in APAC Adj. EBIT1 SALES NETWORK Discount Rate €305m 1,635 POS -1 pt vs Q1 22 Δ Q1 +7% organic Progress in APAC +7% LFL -8 POS and Digital +8% constant FX excluding Russia 4
Slide 5: Good performance across all regions despite a high basis of comparison
Good performance across all regions despite a high basis of comparison YTD Organic sales growth vs. 2022 by region FRANCE EMEA AMERICA APAC +13% +7% -3% +3% YTD Sales breakdown by region by brand by distribution 23% 15% 8% 35% 48% 13% 37% 92% 29% France EMEA America APAC Sandro Maje Other Brands Ret
Slide 6: Sustainability – continued progress over Q1
Sustainability – continued progress over Q1 33% SKU of SS23 collections Traceability project with a full traceability QR code (around 250 SKU brand) Sandro rental service launched in the UK x Circular economy starting with SS23 collections SMCP Retail Lab Successful launch in January 6
Slide 7: Brand desirability – Celebrating the Lunar New Year
Brand desirability – Celebrating the Lunar New Year 7
Slide 8: Brand desirability – SANDRO GENDERLESS campaign
Brand desirability – SANDRO GENDERLESS campaign 8
Slide 9: Brand desirability – MAJE Dubai Capsule
Brand desirability – MAJE Dubai Capsule 9
Slide 10: Brand desirability – Claudie Pierlot back to basics
Brand desirability – Claudie Pierlot back to basics 10
Slide 11: Brand desirability – Fursac at La Comédie Française
Brand desirability – Fursac at La Comédie Française 11
Slide 12: Key openings - continued expansion in APAC
Key openings - continued expansion in APAC Wuxi Center 66, Mainland China Beijing SKP DT51, Mainland China Hefei Intime, Mainland China Singapore Takashimaya, Singapore 12
Slide 13: Patricia Huyghues Despointes, CFO
Patricia Huyghues Despointes, CFO 13
Slide 14: By region: continued healthy performance in Europe
By region: continued healthy performance in Europe Q1 Sales (€m) • Excellent performance driven by LFL (+12%) despite high basis of comparison +13%* • Solid growth in B&M and digital, both progressing double-digit +23%* FRANCE • Strong momentum of “Other brands” division (Claudie Pierlot and Fursac)
Slide 15: By region: Asia back to growth and America stable on high comps
By region: Asia back to growth and America stable on high comps Q1 Sales (€m) • After an outstanding performance in 2022, slightly negative in Q1 2023: +45%* -3%* • Good sales resilience in the US B&M (positive LFL growth) AMERICA • Slow trend in Canada LFL 39 39 • Network: -2 POS in Q1 2022 2023 Q1
Slide 16: Conclusion and outlook
Conclusion and outlook 16
Slide 17: Conclusion and outlook
Outlook 2021 Conclusion and outlook • First quarter : o Strong performance in Europe o Asia back to growth o America resilient • 2023 full-year guidance confirmed 17 17
Slide 18: Financial Agenda
Financial Agenda 18
Slide 19: Next financial publication
Next financial publication June 21, 2023 Annual Shareholders Meeting 2023 H1 Results July 27, 2023 (after Market closing) 1919
Slide 20: Appendix
a sas) S o a. a <
Slide 21: Quarterly net sales by region and by brand
Quarterly net sales by region and by brand In €m Q1-22 Q1-23 Reported % Organic % France 93,7 106,0 +13,1% +13,1% EMEA 83,1 88,6 +6,6% +7,0% America 38,6 39,0 +1,0% -2,5% APAC 67,6 71,0 +5,1% +2,7% Total 283,0 304,6 +7,6% +6,7% Sandro 134,1 146,0 +8,9% +7,8% Maje 112,2 113,8 +1,5% +0,4% Other brands
Slide 22: Breakdown of POS
Breakdown of POS Directly operated Number of DOS 2021 Q1-22 Q2-22 Q3-22 2022 Q1-23 Var Q1 23 Var LTM 23 stores By region France 472 459 462 455 460 456 -4 -3 EMEA 402 395 394 392 395 391 -4 -4 America 166 165 167 167 166 164 -2 -1 APAC 252 251 251 258 259 305 +46 * +54 By brand Sandro 552 541 546 54
Slide 23: Shareholding structure and voting rights as of March 31st, 2023
Shareholding structure and voting rights as of March 31st, 2023 Capital (%) Voting rights (%) Incl. double voting rights) Trustee 2 Trustee2 25.5% 28.8% (24.9%) 1 (28.0%) 1 Free Float Free Float 34.3% 38.5% (33.7%) 1 (37.8%) 1 European TopSoho European TopSoho 8.0% 14.1% (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