Christian Dior SE · EURONEXT:CDI
Christian Dior — Shareholder Meeting (May 2008)
34 slides from Christian Dior's shareholder meeting presentation, May 15, 2008
Slide 1: Combined Shareholders' Meeting
Combined Shareholders’ Meeting May 15, 2008
Slide 2: Haute Couture Spring/Summer 2008
Haute Couture Spring/Summer 2008
Slide 3: Consolidated Financial Highlights
CONSOLIDATED FINANCIAL HIGHLIGHTS (EUR millions) 2005 2006 2007 Revenue 14,556 16,016 17,245 Profit from recurring operations 2,791 3,209 3,610 Net Profit 1,654 2,133 2,328 Of which: Group share 618 797 880
Slide 4: Consolidated Revenue
CONSOLIDATED REVENUE (EUR millions) 17,045 16,016 14,556 2005 2006 2007
Slide 5: Breakdown of Revenue by geographic region of delivery
BREAKDOWN OF REVENUE By geographic region of delivery Other markets 8% France Asie (excluding Japan) 14% 19% Japan Europe (excluding France) 11% 23% United States 25%
Slide 6: Breakdown of Revenue by business group
BREAKDOWN OF REVENUE By business group Christian Dior Couture 5% Wines and Spirits Selective Retailing 19% 24% Watches and Jewelry 5% Fashion and Leather Goods Perfumes 33% and Cosmetics 16% N.B. Other activities and eliminations : - 2%
Slide 7: Breakdown of Revenue by invoicing currency
BREAKDOWN OF REVENUE By invoicing currency Other currencies 29% Euro 31% Yen 11% US Dollar 29%
Slide 8: Ready-to-Wear Spring/Summer 2008
Ready-to-Wear Spring/Summer 2008
Slide 9: Profit from Recurring Operations
PROFIT FROM RECURRING OPERATIONS (EUR millions) 3,610 3,209 2,791 2005 2006 2007
Slide 10: Group Share of Net Profit
GROUP SHARE OF NET PROFIT (EUR millions) 880 797 618 2005 2006 2007
Slide 11: Haute Couture Spring/Summer 2008
Haute Couture Spring/Summer 2008
Slide 12: Highlights
HIGHLIGHTS Robust revenue growth Significant improvement in operating profit Strong growth of more recent activities : Ready-to-Wear for men, Footwear and Jewelry Ongoing selective investment strategy focusing on high- growth markets Strong media impact of the 60th anniversary celebrations
Slide 13: Revenue
REVENUE (EUR millions) 787 731 663 2005 2006 2007
Slide 14: Breakdown of Revenue by business group
BREAKDOWN OF REVENUE By business group License royalties 4% Wholesale activities 21% Retail activities and other 75%
Slide 15: Number of Directly-Operated Stores
NUMBER OF DIRECTLY-OPERATED STORES 215 221 184 194 159 144 116 92 75 x 2,9 1999 2000 2001 2002 2003 2004 2005 2006 2007
Slide 16: Retail Revenue
RETAIL REVENUE (EUR millions) 592 557 511 2005 2006 2007
Slide 17: Profit from Recurring Operations
PROFIT FROM RECURRING OPERATIONS (EUR millions) 74 53 56 2005 2006 2007
Slide 18: Ready-to-Wear Spring/Summer 2008
Ready-to-Wear Spring/Summer 2008
Slide 19: Outlook
OUTLOOK Strategy based on three major themes : – New product launches in line with the Brand's upscale image – Network expansion focusing on high-growth markets – Constant optimization of operating assets and processes
Slide 20: Christal Watch Spring/Summer 2008
Christal Watch Spring/Summer 2008
Slide 21: LVMH Business Groups
LVMH BUSINESS GROUPS Wines and Spirits Fashion and Leather Goods Perfumes and Cosmetics Watches and Jewelry Selective Retailing
Slide 22: Wines and Spirits
WINES AND SPIRITS (EUR millions) PROFIT FROM REVENUE RECURRING OPERATIONS 3,226 2,994 2,644 962 1,058 869 2005 2006 2007 2005 2006 2007
Slide 23: Fashion and Leather Goods
FASHION AND LEATHER GOODS (EUR millions) PROFIT FROM REVENUE RECURRING OPERATIONS 5,628 5,222 4,812 1,829 1,467 1,633 2005 2006 2007 2005 2006 2007
Slide 24: Perfumes and Cosmetics
PERFUMES AND COSMETICS (EUR millions) PROFIT FROM REVENUE RECURRING OPERATIONS 2,731 2,519 2,285 222 256 173 2005 2006 2007 2005 2006 2007
Slide 25: Watches and Jewelry
WATCHES AND JEWELRY (EUR millions) PROFIT FROM REVENUE RECURRING OPERATIONS 833 737 585 141 80 21 2005 2006 2007 2005 2006 2007
Slide 26: Selective Retailing
SELECTIVE RETAILING (EUR millions) PROFIT FROM REVENUE RECURRING OPERATIONS 4,179 3,891 3,648 347 400 439 2005 2006 2007 2005 2006 2007
Slide 27: "Jazz Club" Bag Spring/Summer 2008
“Jazz Club” Bag Spring/Summer 2008
Slide 28: Balance Sheet as of December 31, 2007
BALANCE SHEET AS OF DECEMBER 31, 2007 Liabilities Assets & equity Non-current assets 40% Equity . Intangible assets 47% . Property, plant and equipment 16% 35% Non-current liabilities . Other 6% Current assets 31% 25% Current liabilities TOTAL = 34.7 billion euros
Slide 29: Consolidated Cash Flow
CONSOLIDATED CASH FLOW (EUR billions) 0,5 Net change in working capital 1,3 Investments Net cash from operations after financial charges and taxes 3,0 0,8 Dividends Net change in current available for sale 0,3 financial assets 0,3 Net change in cash and cash equivalents Net change in borrowings 0,3
Slide 30: Dividend
DIVIDEND 293 (*) 256 211 1,61(*) 1,41 1,16 2005 2006 2007 Total (EUR millions) Dividend per share (in euros) (*) Gross amount proposed to the Shareholders’ Meeting
Slide 31: Combined Shareholders' Meeting
Combined Shareholders’ Meeting May 15, 2008
Slide 32: Simplified Organizational Chart
SIMPLIFIED ORGANIZATIONAL CHART (as of December 31, 2007) Christian Dior (*) 100% 100% Christian Dior Financière Couture Jean Goujon 42,4% (*) LVMH (*) Listed company
Slide 33: Share Price Trend
SHARE PRICE TREND 105 € 95 € 85 € 75 € 65 € Jan-07 Apr-07 Jul-07 Oct-07 Jan-08
Slide 34: Combined Shareholders' Meeting
Combined Shareholders’ Meeting May 15, 2008