H&M Hennes & Mauritz AB Class B · OMXSTO:HM_B
H&M Hennes & Mauritz AB Class B — FY2020 Earnings Presentation
17 slides from H&M Hennes & Mauritz AB Class B's earnings presentation, Jan 29, 2021
Slide 1: Conference call 29 January 2021 - Full-year report 2020
H & M Hennes & Mauritz AB Conference call 29 January 2021 Full-year report 2020
Slide 2: Conference call 29 January 2021 - Presenters
Conference call 29 January 2021 Full-year report 2020 Helena Helmersson Adam Karlsson Nils Vinge CEO CFO Investor Relations
Slide 3: 2020 – a year characterised by the pandemic
2020 – a year characterised by the pandemic
Slide 4: Managing Covid-19
Managing Covid-19 • Momentum interrupted by pandemic • Fast and strong actions • Focus on digital channels — most stores temporarily closed • Recovery in 2H better than expected — appreciated collections — channels strengthen each other
Slide 5: Q4 in brief
Q4 in brief • Attractive customer offering • 107 million H&M members by year-end • Recovery until second wave of pandemic • Online sales +50% in local currencies • Good cost control • Positive result and strong financial position
Slide 6: Slide 6
Slide 7: Covid-19 actions
Covid-19 actions OPERATIONAL FLEXIBILITY COST MANAGEMENT CASH & LIQUIDITY CAPEX ADJUSTMENTS DIVIDEND CANCELLATION ENHANCEMENT › Customer offer › Store cost adjustments › Secured additional › Revision of 2020 › AGM on 7 May 2020 adjustment and Adjustments of scheduling credit facilities – short inves
Slide 8: Quarterly cash flow from current operations
Quarterly cash flow from current operations Excluding IFRS 16
Slide 9: Net debt/EBITDA development
Net debt/EBITDA development Excluding IFRS 16
Slide 10: Financial flexibility and resilience
Financial flexibility and resilience • Working capital efficiency — payment terms and invoice process improvements • Cost efficient long-term financing — framework for sustainability-linked bonds
Slide 11: Slide 11
Slide 12: Second wave
Second wave • Second wave of pandemic with new lockdowns and restrictions • Substantial negative effect on Q1 2021 — 1,800 stores temporarily closed at peak • Measures to mitigate negative effects continue
Slide 13: Accelerating pace of change
Accelerating pace of change • Pandemic accelerates changes already underway in fashion retail — digitalisation — sustainability — value for money
Slide 14: Our transformation continues
Our transformation continues • Customer relevance • Digital growth • Integrating physical stores and online — customers value all channels — seamless, inspiring experience • Store portfolio optimisation • Fast and flexible supply chain
Slide 15: Best customer offering
Best customer offering • Relevant and unique brands • Customer offering well positioned — best combination of fashion, quality, price and sustainability • 30% recycled materials by 2025 — new material target • Securing sustainable and profitable growth for H&M Group
Slide 16: H&M Group brands
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Slide 17: H & M Hennes & Mauritz AB
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H & M Hennes & Mauritz — FY2020 Earnings Presentation on 6ix