EssilorLuxottica SA · EURONEXT:EL
EssilorLuxottica SA — Q1 2019 Earnings Presentation
9 slides from EssilorLuxottica SA's earnings presentation, May 7, 2019
Slide 1: EssilorLuxottica 1Q 2019 Revenue
ESSILORLUXOTTICA 1Q 2019 REVENUE May 7, 2019 1
Slide 2: 2019 Off to a Good Start
2019 OFF TO A GOOD START • Revenue up 7.5% in the first quarter, +3.7% at constant exchange rates* • Activation of synergies • Essilor – Lens activity driven by innovation, category development and brands – Acceleration expected from fast-growing markets, e-commerce, Sunglasses & Readers – Continued
Slide 3: Sustained Momentum in Essilor's Lenses and in Luxottica's Retail
SUSTAINED MOMENTUM IN ESSILOR’S LENSES AND IN LUXOTTICA’S RETAIL 1Q 2018 Change at constant Currency Change € millions 1Q 2019 pro forma* exchange rates* effect (reported) Lenses & Optical Instruments 1,674 1,554 4.6% 3.2% 7.8% Sunglasses & Readers 200 189 1.7% 3.7% 5.4% Equipment 44 40 4.9% 5.3% 10
Slide 4: North America and Developing Areas Fueling Revenue Growth
NORTH AMERICA AND DEVELOPING AREAS FUELING REVENUE GROWTH 1Q 2018 Change at constant Currency Change € millions 1Q 2019 pro forma* exchange rates* effect (reported) North America 2,189 2,007 1.2% 7.9% 9.1% Europe 1,054 1,014 5.3% -1.3% 3.9% Asia, Oceania, Africa 707 655 5.9% 2.1% 8.0% Latin America
Slide 5: North America: Up 1.2% at Constant Exchange Rates
NORTH AMERICA: UP 1.2% AT CONSTANT EXCHANGE RATES • Essilor – Ongoing onboarding of Essilor Expert ECPs – High comparison base at FGX – Robust e-commerce, despite platform rebalancing – Launch of Transitions Signature Gen 8 in 3Q • Luxottica ‒ Sound growth of Retail optical, in sales and comps* ‒ Le
Slide 6: Europe: Up 5.3% at Constant Exchange Rates
EUROPE: UP 5.3% AT CONSTANT EXCHANGE RATES • Essilor – Eastern Europe, Russia and Turkey accelerating – Good performance in Sunwear – Strong order book in the instrument business – Roll out of a new business model in Germany • Luxottica ‒ Wholesale positive, reaping the benefits of last year’s comme
Slide 7: Asia, Oceania, Africa: Up 5.9% at Constant Exchange Rates
ASIA, OCEANIA, AFRICA: UP 5.9% AT CONSTANT EXCHANGE RATES • Essilor – Solid momentum in China in all business lines – Stellar growth of e-commerce in India – Moderate sales gains in mature markets – Korea and souteast Asia growing at double digit • Luxottica ‒ Strong Retail in Australia/New Zealand,
Slide 8: Latin America: Up 11.7% at Constant Exchange Rates
LATIN AMERICA: UP 11.7% AT CONSTANT EXCHANGE RATES • Essilor – Robust growth in Brazil, leading to market share gains – Mexico and Costa Rica reaccelerating – Growing contribution from acquisitions • Luxottica ‒ Strong Brazil, both in wholesale and retail ‒ Oticas Carol fueling wholesale ‒ STARS alm
Slide 9: 2019 Outlook Confirmed
2019 OUTLOOK CONFIRMED INCLUDING SYNERGIES, AT CONSTANT EXCHANGE RATES SALES GROWTH +3.5-5% ADJUSTED* OPERATING PROFIT 0.8-1.2x sales ADJUSTED* NET PROFIT 1-1.5x sales * Please, refer to the press release dated May 7, 2019 available at www.essilorluxottica.com under the Investors tab 1Q 2019 Revenue