eva & paul pitch - fall 2013

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September 2013

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Eva & Paul premium denim pitch deck.

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Page 1: Eva & Paul Pitch - Fall 2013

September 2013

Page 2: Eva & Paul Pitch - Fall 2013

OUR BRAND Look good, feel good jeans for women 35+

“Organic, fair trade, luxurious AND the fit is perfect - on every woman I saw try them on!"

"Eva & Paul jeans are so comfortable! I didn’t want to change back into my other jeans!"

"They've got the style and quality of a modern jean with the flattering fit of the jeans I haven’t found in years!”

- Michelle High, Mother of two

- Anita Venkiteswaran, VP, Focus Financial Partners

- Talia Corren, Special Events Associate, Signature Theater

WHAT CUSTOMERS ARE SAYING:

Page 3: Eva & Paul Pitch - Fall 2013

THE PROBLEM

56% of women can’t find jeans that fit

8% seek professional shopping help

We’re not all young and impossibly skinny

Page 4: Eva & Paul Pitch - Fall 2013

THE OPPORTUNITY 1.  $19B DENIM MARKET

- Premium $4.2B, growing 44%

- 5.7M women aged 35-55 with annual incomes $150K+

2. SUCCESS OF NICHE & LIFESTYLE FITS

3. EMERGENCE OF RESPONSIBLE CONSUMERISM

Page 5: Eva & Paul Pitch - Fall 2013

THE SOLUTION Fit-focused flattering premium organic jeans for women 35+

LOOK GOOD

-  Innovative approach to fit, adjusting proportions & details for different sizes

-  Sophisticated minimal style, international details

FEEL GOOD -  Premium quality for comfort, no gap in the back

-  Socially responsible:

•  Organic and Fair Trade materials

•  Sewn in the USA

Page 6: Eva & Paul Pitch - Fall 2013

COMPETITION Unique combination of fit & premium quality for our demographic

Premium quality

Fit

Eva & Paul

AG, J brand – “jeggings”

Not Your Daughter’s Jeans

Lees, etc

Levi’s

GAP

Talbots

Seven for all Mankind

Rag & Bone

Citizens of Humanity

Banana Republic

Jones NY

Lucky

JCrew

Ralph Lauren

Page 7: Eva & Paul Pitch - Fall 2013

OUR TEAM

Pather Yang OPERATIONS

Patternmaker and

Operations Manager at Mandy Coon designs

Fashion Design, Fashion Institute of Technology

Christine Rucci DENIM DESIGN

30+ years denim experience

Launched own line

Consultant for C Wonder,

RRL, Tommy Hilfiger

Julia Kastner CEO/FOUNDER

Harvard Business School, CafeMom.com (marketing)

Kiva.org, NYC Government under Mayor Bloomberg

William Murcia DENIM PRODUCTION

10+ years at Jones Apparel Group, Hannibal Apparel,

TAL Group in Columbia, Thailand, & Malaysia

Page 8: Eva & Paul Pitch - Fall 2013

SOCIAL MISSION Socially responsible & eco production for premium branding

Certified organic denim from Arvind Ltd, India

Fair trade fabrics from Moral Fibre, India

Sample shops in NYC garment district

Final production at US factory – Texas, NC, or LA

Premium, ethical lifestyle branding

ORGANIC & FAIR TRADE SEWN IN THE USA PREMIUM JEANS

Page 9: Eva & Paul Pitch - Fall 2013

2013 Q3,4

250 pairs

Trunk shows and limited boutiques,

Kickstarter

Ecommerce & Boutiques

Department stores & ecommerce

2014

1.3K pairs

2015

3.4K pairs

2-3 online retailers signed up for drop-ship consignment

Article in WWD, brand ambassador Alysia

Rainer from Orange is the New Black

TRACTION

DISTRIBUTION

GROWTH

GO-TO-MARKET STRATEGY Gain traction through events & online, then expand channels

Page 10: Eva & Paul Pitch - Fall 2013

FINANCIAL MODEL Costs fall significantly with scale, driving higher margins

$195 Retail Price

$60 Cost

$85 Wholesale

29% margin 47% margin

53% margin

Gain traction 250 pairs

Build distribution 1,300 pairs

Grow sales 3,400 pairs

YEAR 1 YEAR 2 YEAR 3

$85 Wholesale

$195 Retail Price

$45 Cost

$40 Cost

$195 Retail Price

$85 Wholesale

Page 11: Eva & Paul Pitch - Fall 2013

2013  Q3,4   Year  1   Year  2   Year  3   Year  4   Year  5  

FINANCIAL PLAN

Net Revenues

Gross Profit

Operating Profit

$17MM

$13MM

$8MM

$7.6MM

$300K $118K $28K

Pairs of jeans: 1.3K 250 14K 86K 200K

$1.3MM

3.4K

Page 12: Eva & Paul Pitch - Fall 2013

LONG TERM VISION To become a multi-product lifestyle fashion brand

2008 Revenue, $950K

2011 Revenue, $16.6 MM

3-year growth, 1,750%

2009 Revenue, $4.9MM

2012 Revenue, $20MM

3-year growth, 410%

2004 Revenue, $41MM

2012 Revenue, $1.1B

8-year growth, 2500%

2006 Revenue, $38MM

2008 Revenue, $80MM

2-year growth, 210%

Page 13: Eva & Paul Pitch - Fall 2013

OUR ASK

1.  Driving traction through events & ecommerce: –  Design & inventory for limited jeans styles

–  Marketing & PR

–  3 full-time salaries

2.  Launching full ecommerce & wholesale: –  Inventory for full jean line

–  Enhanced website, sales & marketing

–  Additional jean design

–  4 full-time salaries

Raising $250-400K convertible note, then $1.25-2M for growth