Download - Lulu 2
lululemon athletica
A Look into 2012
Meet LULU
• http://bloom.bg/vZ0k4P#ooid=gyb2g1NDpH5XHXwELNDM92chibNaEj46
Why LULU?
» History of growth» Outperforming our competition» Outperforming performance standards» Potential for growth» Who’s in already
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
bibbity
bobbity
boo
COMPETITIVE STRENGTHS
Premium Active Brand
Distinctive Retail Experience
Innovative Design Process
Culture of Training & Personal Growth
Community-Based Marketing
Excellent Management
Outperforming the Competition
LULU Adidas Gap Nike UA0
10
20
30
40
50
60
Market CapDebt to EquityROIC
Outperforming the Competition
LULU Adidas Gap Nike UA0
1
2
3
4
5
6
7
8
9
10
RNOANOPMNOAT
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
Our Numbers for Your Analysis
• LOW Avg. Inventory Turnover• LOW Avg. Days Outstanding• LOW PPE Turnover• NO debt• NO “Off-Balance Sheet” Financing
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
The Future is Bright
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
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
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
Who’s Already In?
• ARE WE STILL DOING THIS?
CHA-CHINGGG
77.06 + 1.76