Download - Lulu 2
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lululemon athletica
A Look into 2012
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Meet LULU
• http://bloom.bg/vZ0k4P#ooid=gyb2g1NDpH5XHXwELNDM92chibNaEj46
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Why LULU?
» History of growth» Outperforming our competition» Outperforming performance standards» Potential for growth» Who’s in already
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GROWTH: Historical Heights$
Thou
sand
s
2008 2009 2010 2011 20120
200000
400000
600000
800000
1000000
30842 39363 58281121847
184063
272713353488
452898
711704
1000839
Net Income Net Revenue
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bibbity
bobbity
boo
COMPETITIVE STRENGTHS
Premium Active Brand
Distinctive Retail Experience
Innovative Design Process
Culture of Training & Personal Growth
Community-Based Marketing
Excellent Management
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Outperforming the Competition
LULU Adidas Gap Nike UA0
10
20
30
40
50
60
Market CapDebt to EquityROIC
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Outperforming the Competition
LULU Adidas Gap Nike UA0
1
2
3
4
5
6
7
8
9
10
RNOANOPMNOAT
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LULU v. S&P 500 Performance
NASDAQ Index
27-Jul-07 3-Feb-08 1-Feb-09 31-Jan-10 30-Jan-11
lululemon athletica inc $100.00 $124.64 $24.29 $100.86 $245.04S&P 500 Index $100.00 $ 95.65 $56.61 $ 73.61 $ 87.48S&P Retail Index $100.00 $ 87.67 $53.70 $ 82.13 $103.04
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Our Numbers for Your Analysis
• LOW Avg. Inventory Turnover• LOW Avg. Days Outstanding• LOW PPE Turnover• NO debt• NO “Off-Balance Sheet” Financing
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Some Risks…
Thomson Reuters
» Cost of Materials – “silverescent line”(includes silver threading)
» Ability to maintain inventory and distribution channels
» Ability to meet technology needs of expandinge-commerce and information systems
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The Future is Bright
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The Future is Bright
2009 2010 2011 2012 2013 20140
0.5
1
1.5
2
2.5
EPSDue to heavy capitalization needed to fund growth
Source: Thomson Reuters
$ do
llars
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The Future is Bright
-50%
-30%
-10%
10%
30%
50%
70%
90%
110%
130%
150%
NIKE
UA
GAP
ADIDAS
LULU
Year
Due to heavy capitalization needed to fund growth
‘09-10 ‘10-11 ‘11-12 ‘12-13 ‘13-14
Source: Thomson Reuters
% G
row
th
PROJECTED EPS
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The Future is Bright
Source: Thomson Reuters
» Opening Additional 37 Corporate Stores » Repurchased Franchisees» Expanding to London, Australia & Southeast Asia» Focus on E-Commerce Business
Revenue has doubled each year since 2009
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Who’s Already In?
• ARE WE STILL DOING THIS?
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CHA-CHINGGG
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77.06 + 1.76