Kering Sa · EURONEXT:KER
Kering Sa — Q3 2021 Earnings Presentation
19 slides from Kering Sa's earnings presentation, Oct 19, 2021
Slide 1: Third Quarter Revenue
THIRD QUARTER REVENUE OCTOBER 19, 2021
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute an offer of securities for sale in the United States of America or any other jurisdiction. Certain information contained in this document may include projections and forecasts. They express objectives based on current assessments and estimates of the
Slide 3: Balenciaga
BALENCIAGA
Slide 4: Group Revenue
GROUP REVENUE YTD Q3 YoY 2 Y S T AC K C O M P AR AB L E C O M P AR AB L E +9% (comp, 2Y stack) +95% €12,235m €4,188m +11% +10% GROUP +34.5% reported +12.6% reported +36.6% comp +8% YoY YoY +6% +26% +12% 9M 19 9M 20 9M 21 Q1 Q2 Q3 Q1 Q2 H1 Q3 21 21 21 21 21 21 21 €11,750m €4,042m LUXURY HOUSES +36% c
Slide 5: Luxury Houses: Q3 Revenue by Channel
LUXURY HOUSES Q3 REVENUE BY CHANNEL +98% +32% +12% 0% RETAIL -3% (COMPARABLE) -19% -42% 77% Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 2Y STACK 2Y STACK 2Y STACK +6% +16% +11% 23% WHOLESALE AND OTHER (COMPARABLE) +10% WHOLESALE +37% ROYALTIES & OTHER Retail includes DOS and e-commerce 19.10.2021 5
Slide 6: Luxury Houses: Q3 Retail by Region
LUXURY HOUSES Q3 RETAIL BY REGION COMPARABLE GROWTH WESTERN EUROPE NORTH AMERICA JAPAN ASIA PACIFIC ROW Q1 21 Q2 21 Q3 21 Q1 21 Q2 21 Q3 21 Q1 21 Q2 21 Q3 21 Q1 21 Q2 21 Q3 21 Q1 21 Q2 21 Q3 21 +322% +263% +93% +83% +71% +46% +53% +15% +31% +24% +24% +3% +1% -3% -34% 2 Y S T AC K +86% +83% +37% +36%
Slide 7: Luxury Houses: Q3 E-commerce Trends
LUXURY HOUSES Q3 E-COMMERCE TRENDS REVENUE GROWTH PENETRATION BY REGION Q3 21 COMPARABLE GROWTH Q3 21 E-COMMERCE REVENUE AS % OF RETAIL SALES 20% 20% AVERAGE: 13% +24% +148% YoY 2Y Stack 9% 5% Western Europe North America Asia Pacific Japan KEY HIGHLIGHTS • Sustained growth on high comps: e-commerce
Slide 8: Gucci Q3 2021 Revenue: €2,182m
GUCCI Q3 2021 REVENUE: €2,182m +4.5% REPORTED, +3.8% COMPARABLE REVENUE CHANGE BY REGION AND CHANNEL REVENUE BREAKDOWN BY REGION (in €m, and comparable growth in %) (on total Q3 revenue, in %) +7% +28% 2,182 -19% RoW Western Europe 2,088 6% 19% Asia Pacific 41% North America 29% Japan 5% Q3 20 Retai
Slide 9: Saint Laurent Q3 2021 Revenue: €653m
SAINT LAURENT Q3 2021 REVENUE: €653m +27.8% REPORTED, +28.1% COMPARABLE REVENUE CHANGE BY REGION AND CHANNEL REVENUE BREAKDOWN BY REGION (in €m, and comparable growth in %) (on total Q3 revenue, in %) +22% +28% 653 +31% RoW Western Europe 511 7% 32% Asia Pacific 22% North America Japan 35% 4% Q3 20
Slide 10: Bottega Veneta Q3 2021 Revenue: €363m
BOTTEGA VENETA Q3 2021 REVENUE: €363m +9.3% REPORTED, +8.9% COMPARABLE REVENUE CHANGE BY REGION AND CHANNEL REVENUE BREAKDOWN BY REGION (in €m, and comparable growth in %) (on total Q3 revenue, in %) +18% +17% 363 +6% RoW Western Europe 332 28% 8% Asia Pacific 35% North America 19% Japan 10% Q3 20 R
Slide 11: Other Houses Q3 2021 Revenue: €844m
OTHER HOUSES Q3 2021 REVENUE: €844m +26.1% REPORTED, +26.0% COMPARABLE REVENUE CHANGE BY REGION AND CHANNEL REVENUE BREAKDOWN BY REGION (in €m, and comparable growth in %) (on total Q3 revenue, in %) +27% +84% 844 +24% RoW Western Europe 669 7% 36% Asia Pacific 28% Japan North America 6% 23% Q3 20 R
Slide 12: Corporate & Other: Kering Eyewear
CORPORATE & OTHER Q3 2021 REVENUE: €146m +24.1% REPORTED AND COMPARABLE KERING EYEWEAR €138m +25% YoY External sales: €165m • All regions, channels and brands driving growth • LINDBERG acquisition completed, consolidation from Q4 19.10.2021 12
Slide 13: Conclusion
CONCLUSION • STEADY Q3 PERFORMANCE AT GROUP LEVEL • 2Y STACK AT +10% VS. +8% IN H1 • CONSISTENTLY IMPLEMENTING OUR STRATEGY • UPSCALING GLOBAL BRAND POSITIONING & DISTRIBUTION • REINFORCING LOCAL MARKET APPROACH • ACHIEVING NEW ESG MILESTONES • FURTHER INVESTING IN OUR PROFITABLE GROWTH TRAJECTORY 1
Slide 14: Q&A
Q&A
Slide 15: Appendix
APPENDIX KERING
Slide 16: Appendix: Luxury Houses DOS Network
APPENDIX: LUXURY HOUSES DOS NETWORK NUMBER OF DIRECTLY OPERATED STORES As of June 2021: 1,486 As of September 2021: 1,513 698 720 318 322 238 240 232 231 W estern Europe North America Japan Emerging markets As of end of June As of end of September Net openings/closings 2021 2021 in the quarter Break
Slide 17: Q3 and 9M 2021 Revenue Breakdown by Region
Q3 AND 9M 2021 REVENUE BREAKDOWN BY REGION In €m Change (%) Q3 21 REVENUE BREAKDOWN Revenue Reported Comparable (*) BY REGION (ON TOTAL Q3 REVENUE AND Gucci 2,181.8 +4.5% +3.8% CHANGE YOY) Saint Laurent 652.9 +27.8% +28.1% Bottega Veneta 363.4 +9.3% +8.9% Other Houses 843.7 +26.1% +26.0% RoW 6% (+1p
Slide 18: Kering brands
Gucci • Saint Laurent • Bottega Veneta • Balenciaga • Alexander McQueen • Brioni Boucheron • Pomellato • Dodo • Qeelin • Ulysse Nardin • Girard -Perregaux Kering Eyewear
Slide 19: Empowering Imagination