Adidas Ag · XETR:ADS
Adidas — Shareholder Meeting (May 2013)
30 slides from Adidas's shareholder meeting presentation, May 8, 2013
Slide 1: Adidas AG Annual General Meeting
ADIDAS AG ANNUAL GENERAL MEETING May 8, 2013 City Hall Fürth
Slide 2: Herbert Hainer, Chief Executive Officer
ADIDAS AG ANNUAL GENERAL MEETING Herbert Hainer Chief Executive Officer
Slide 3: A Successful Year for the adidas Group
A SUCCESSFUL YEAR FOR THE ADIDAS GROUP adidas AG Annual General Meeting - 08/05/2013 3
Slide 4: Highlight London 2012 Olympic Games
HIGHLIGHT LONDON 2012 OLYMPIC GAMES adidas AG Annual General Meeting - 08/05/2013 4
Slide 5: Challenges in India
CHALLENGES IN INDIA adidas AG Annual General Meeting - 08/05/2013 5
Slide 6: Sales reach record level of €14.9 billion
SALES REACH RECORD LEVEL OF € 14.9 BILLION € 14.9bn 12% € 13.3bn +€ 1.6bn 20111) 2012 1) Restated according to IAS 8 adidas AG Annual General Meeting - 08/05/2013 6
Slide 7: Strong improvement in earnings
STRONG IMPROVEMENT IN EARNINGS IN 2012 € 791m 29% € 613m +€ 178m 1) Restated according to IAS 8 20111) 20122) 2) Excluding goodwill impairment of € 265m adidas AG Annual General Meeting - 08/05/2013 7
Slide 8: Net cash position of €448 million
NET CASH Operating cash flow POSITION OF € 448 MILLION of Increase compared to prior year Net cash position of adidas AG Annual General Meeting - 08/05/2013 8
Slide 9: Dividend proposal: €1.35 per share
DIVIDEND Payout ratio of net income attributable to PROPOSAL: € 1.35 PER SHARE shareholders (2011: 34.1%) € 1.35 per share (2011: € 1.00) Payout to shareholders (2011: € 209m) adidas AG Annual General Meeting - 08/05/2013 9
Slide 10: adidas AG share increases 34% in 2012
ADIDAS AG SHARE Market capitalisation at year-end INCREASES 34% IN 2012 € 14.1bn 70.00 70,00 adidas AG € 67.33 +34% 65.00 65,00 60,00 60.00 DAX-30 +29% 55,00 55.00 50,00 50.00 Jan 2012 Apr 2012 Jul 2012 Oct 2012 Dec 2012 adidas AG Annual General Meeting - 08/05/2013 10
Slide 11: Share price reaches all-time high
SHARE PRICE Current market capitalisation REACHES ALL-TIME HIGH approx. € 18bn 85,00 85.00 May 3 adidas AG € 85.50 € 84.61 80.00 80,00 March 7 € 76.38 75.00 75,00 70.00 70,00 65.00 65,00 Jan 2013 Feb 2013 Mar 2013 Apr 2013 May 2013 adidas AG Annual General Meeting - 08/05/2013 11
Slide 12: Goodwill impairment of €265m
GOODWILL IMPAIRMENT OF € 265M Adjustment of future growth targets Increase in country-specific discount rates Impairment has no impact on the Group‘s financial position! adidas AG Annual General Meeting - 08/05/2013 12
Slide 13: adidas Group grows in all segments
ADIDAS GROUP GROWS IN ALL SEGMENTS Wholesale € 9.5bn 2% Retail € 3.4bn 14% Others € 2.0bn 17% All growth rates currency-neutral adidas AG Annual General Meeting - 08/05/2013 13
Slide 14: Growth by region
+3% +2% Western Europe +15% North America +15% Greater European Emerging Markets China +7% Other Asian Markets +8% Latin America All growth rates currency-neutral adidas AG Annual General Meeting - 08/05/2013 14
Slide 15: Strong brands secure sustainable growth
STRONG BRANDS SECURE SUSTAINABLE GROWTH adidas AG Annual General Meeting - 08/05/2013 15
Slide 16: adidas excites consumers around the world
ADIDAS EXCITES CONSUMERS 2012 + AROUND THE € 11.3bn € 1.5bn WORLD adidas AG Annual General Meeting - 08/05/2013 16
Slide 17: Outstanding adidas presence at sports events in 2012
OUTSTANDING ADIDAS PRESENCE AT SPORTS EVENTS IN 2012 adidas AG Annual General Meeting - 08/05/2013 17
Slide 18: Basketball and running maintain momentum
BASKETBALL AND RUNNING +13% +22% MAINTAIN Running Basketball MOMENTUM All growth rates currency-neutral adidas AG Annual General Meeting - 08/05/2013 18
Slide 19: Record sales with adidas Sport Style
RECORD SALES WITH ADIDAS 2012 SPORT STYLE € 3.2bn +16% All growth rates currency-neutral adidas AG Annual General Meeting - 08/05/2013 19
Slide 20: Reebok sales decline
REEBOK SALES DECLINE 2012 € 1.7bn -18% All growth rates currency-neutral adidas AG Annual General Meeting - 08/05/2013 20
Slide 21: Reebok's focus on fitness
REEBOK’S FOCUS ON FITNESS adidas AG Annual General Meeting - 08/05/2013 21
Slide 22: TaylorMade-adidas Golf: the #1 in golf
TAYLORMADE- ADIDAS GOLF: 2012 THE #1 IN GOLF € 1.3bn +20% All growth rates currency-neutral adidas AG Annual General Meeting - 08/05/2013 22
Slide 23: Off to a solid start in 2013
OFF TO A SOLID Currency-neutral sales remain stable: START IN 2013 Gross margin increases to record level of Net income attributable to shareholders grows adidas AG Annual General Meeting - 08/05/2013 23
Slide 24: Outlook for 2013: record year for the adidas Group
OUTLOOK FOR 2013 RECORD YEAR FOR THE ADIDAS GROUP 2013 adidas AG Annual General Meeting - 08/05/2013 24
Slide 25: Our financial targets for 2013
OUR FINANCIAL Gross margin TARGETS FOR 2013 Operating margin approaching Net income attributable to shareholders to increase by 12% to 16% adidas AG Annual General Meeting - 08/05/2013 25
Slide 26: Route 2015 implementation ensures excellent value creation
ROUTE 2015 IMPLEMENTATION ENSURES EXCELLENT VALUE CREATION Net sales increase Controlled since 20101) space of net sales Net income1) Cash flow1) 1) 2011 and 2012 financial years combined adidas AG Annual General Meeting - 08/05/2013 26
Slide 27: Route 2015 targets reconfirmed
ROUTE 2015 TARGETS RECONFIRMED Net sales Operating margin adidas AG Annual General Meeting - 08/05/2013 27
Slide 28: Gender balance
GENDER 35.1 30.4 BALANCE 46.6 26.7 50.8 24 80.8 22.5 70.9 22.2 51 21 Percentage of 45.1 20.2 Proportion of female employees women in 38 20 45.3 19.5 47 30 16 19 management 45.8 15.5 14.7 positions 28.6 31.5 14.6 17.2 13.9 15 13.7 37 12 25.7 12 23.6 11.8 25.4 11.3 21 11 27 10.1 14.2 10 8.9 10 21.4 9.
Slide 29: Pushing boundaries
PUSHING BOUNDARIES adidas AG Annual General Meeting - 08/05/2013 29
Slide 30: Adidas AG Annual General Meeting
ADIDAS AG ANNUAL GENERAL MEETING May 8, 2013 City Hall Fürth