boucheron. burberry. jimmy choo. lanvin. montblanc. nickel ... · burberry: an ambitious launch...

Interparfums. 2011 first-half sales. July 26, 2011

Boucheron. Burberry. Jimmy Choo. Lanvin.Montblanc. Nickel. Paul Smith.S.T. Dupont. Van Cleef & Arpels.

2011 first-half sales26 July 2011


ContentsOperating developmentsFirst-half highlightsFirst-half salesSecond-half launchesOutlook

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Operating developments

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Operating developmentsSignature of a license agreement with Balmain (July 7)

12-year termCommencing on January 1, 2012Launch of the first women’s line planned for end of 2012

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Operating developmentsDistribution agreement signed with Clarins Group for Spain

Deployment of a new information system (SAP)

A new logistics warehouse commissioned in the south of Rouen

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2011First-half highlights

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2011 second-quarter sales: €77.4m at constant exchange rates (+7.0%) €74.1m at current exchange rates (+2.5%)

2011 second-half sales: €165.3m at constant exchange rates (+9.6%) €163m at current exchange rates (+8.2%) Solid performances from the portfolio's main lines Performance of Jimmy Choo and Montblanc fragrances (more than €25m in 6 months) Unfavorable comparison base (launch of Burberry Sport in 2010 first half)

First-half highlights


Significant gains in South America(+19%) in Eastern Europe(+16%) in Asia (+14%)

Positive growth momentum in North America (+3% at constant exchange rates) in Western Europe (+8%) in France (+6%)

Stability in the Middle East

First-half highlights


Fragrances Jimmy Choo: Women's line Jimmy Choo (winter) Burberry: Women's and men's line Burberry Sport Ice (winter) Montblanc: Men's line Legend (spring) S.T. Dupont: Women's and men's line Passenger Cruise (spring) Paul Smith: Women's and men's line Optimistic (spring)

Make-up Burberry Beauty: thirty additional references

2011 first-half launches


2011first-half sales

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Jimmy Choo H1 sales: €13.1m First-half sales surpass full-year forecast Stockouts in response to strong demand on initial order renewals.

First-half sales


Jimmy Choo/Jimmy Choo


Jimmy Choo – Selected results

Saks: Top 3 of historic launches Boots, Debenhams, John Lewis: #1 St. Valentine's Week Sephora: France Top 15, Poland and Turkey #1, Portugal #2, Italy #7

First-half sales


Montblanc H1 sales: €12.6m First-half sales surpass full-year forecast Steady performances by the brand’s historic lines Excellent start for the men's line Legend (nearly €5m)

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First-half sales


Montblanc/Legend


Montblanc Legend – Selected results Russia – L’Etoile (50% of doors): #19 in May Slovakia – Fan (70% of doors): Top 10 in May Qatar – Faces: #1 in April

Montblanc brand - Selected results Brazil – Dufry Dutypaid: #11 in June Singapore – Sephora: Top 5 in May

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First-half sales


Boucheron H1 sales: €1.6m (2 months) Commencement of the Boucheron license agreement in early 2011 Takeover of the inventory of components, POS advertising material and finished products 3 existing lines Boucheron pour Femme Boucheron pour Homme Jaïpur pour Homme

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First-half sales


Sales by brand(€m) H1 2010 H1 2011 H1 2011/H1 2010

Burberry 98.1 85.3 -13% Lanvin 23.0 26.2 +14% Jimmy Choo - 13.1 nsMontblanc - 12.6 nsVan Cleef & Arpels 12.8 9.9 -22% Paul Smith 6.0 7.1 +19% S.T. Dupont 8.6 5.9 -31%Boucheron - 1.6 nsNickel 1.1 1.2 +5%Other 1.1 0.0 nsTotal 150.7 163.0 +8%ns: not significant. na: not applicable

First-half sales


Sales by region(€m) H1 2010 H1 2011 2011/2010

Africa 1.5 1.9 +22% North America 25.5 25.3 -1% South America 12.0 14.3 +19% Asia 27.2 30.9 +14% Eastern Europe 10.7 12.5 +16% Western Europe 42.0 45.5 +8% France 13.8 14.6 +6% Middle East 18.0 18.0 +0%

Total 150.7 163.0 +8%

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First-half sales


North America

16% (17%)

Western Europe

28% (28%)France

9% (9%)

South America

9% (8%)

Eastern Europe

7% (7%)

Middle East

11% (12%)

Asia

19% (18%)

Africa

1% (1%)

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Regional sales mix - H1 2011 (H1 2010)

First-half sales



Sales by currency

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Pound sterling6 % (5 %)

Other2 % (4 %)

Dollar38 % (37 %)

Euro54 % (54 %)

First-half sales


Sales by currencyCurrency Av. exch. rates Currency

H1 2010 H1 2011 effect

$ / € 1.3460 1.3990 -€2.5m £ / € 0.8740 0.8690 -€0.1m Y / € 125 115 +€0.0m

Sales of €165.3m up 9.6% at constant exchange rates

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First-half sales


2011 first-half results September 13, 2011 (before opening of NYSE-Euronext Paris)

Presentation of 2011 first-half results 13 September, 2011 (Pavillon Gabriel – Paris, 5:00 p.m.)

2011 third-quarter sales October 25, 2011 (before opening of NYSE-Euronext Paris)

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Financial calendar


2011second-half launches

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Fragrances Burberry: Women's line Burberry Body (September) Lanvin: Men's line Avant Garde (fall)

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Second-half launches


Outlook

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Burberry: an ambitious launch campaign in the fall

Lanvin: steady source of revenue from 3 women’s lines, Eclat d’Arpège, Jeanne Lanvin and Marry Me !Jimmy Choo and Montblanc: stronger than expected growth drivers

Very high margins in the 2011 first six months to be followed by intentionally lower levels in the second half

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Outlook


Boucheron. Burberry. Jimmy Choo. Lanvin.Montblanc. Nickel. Paul Smith.S.T. Dupont. Van Cleef & Arpels.

2011 first-half salesJuly 26, 2011

boucheron. burberry. jimmy choo. lanvin. montblanc. nickel ... · burberry: an ambitious launch...

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