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Richemont & Its Maisons

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Richemont & Its Maisons PUBLIC at a glance PUBLIC CONTENTS 3 THE GROUP AT A GLANCE 8 HOW WE OPERATE 12 CORPORATE SOCIAL RESPONSIBILITY 18 OUR LATEST FIGURES 23 APPENDIX PUBLIC * THE GROUP AT A GLANCE *End March 2020 **Dec 2020 Founded A leading luxury in 1988 goods group CHF 42 bn** € 14 bn € 1.5 bn € 2.4 bn Market capitalisation Sales Operating profit Net cash Top 8 SMI Top 3 JSE 3 PUBLIC THE GROUP AT A GLANCE * *End September 2020 25 Maisons and businesses Over 35 000 Employees (including over 8 000 in Switzerland) 7 Schools 9 Main Foundations 2 186 Boutiques supported (of which 1 179 internal) Richemont Headquarters by architect Jean Nouvel, Geneva 4 PUBLIC FROM THE PAST INTO THE FUTURE 206 187 173 152 127 114 101 68 25 18 1755 1814 1830 1833 1845 1847 1860 1868 1874 1893 1906 1919 1928 1952 1983 1995 2001 2002 2015 2021 * 265 190 175 160 146 114 92 37 19 5 *Both YOOX and NET-A-PORTER were founded in 2000 5 PUBLIC 1988 – 2020: UNIQUE PORTFOLIO MOSTLY BUILT BY ACQUISITIONS 1988 1990’s 2000’s 2010’s 2020’s 6 10 15 24 25 6 PUBLIC A WORLDWIDE PRESENCE * *End March 2020 Sales by geographical area Japan Middle East and Africa 8% 7% Americas 20% Europe Operating in 30% Europe 36 Europe locations Asia Pacific 35% 2 166 boutiques Cartier store in Cannes, France 7 PUBLIC HOW WE OPERATE PUBLIC WHAT WE STAND FOR Our Corporate culture is determined by the Collegiality Freedom principles we live by They affect what we do and why we do it They shape how we behave every day — in all areas Solidarity Loyalty of our business 9 PUBLIC HOW OUR BUSINESS OPERATES We work as business partners Headquarters Our Maisons and businesses SEC Strategy, Capital Allocation are directly in charge of: Strategic Product & Guide the Maisons by verifying that decisions on Products, Communication Committee Communication and Distribution are appropriate and consistent with . Creation Maisons’ identities & strategies . Product Development . Manufacturing Central Functions Provide guidelines, set policies & standards, and provide control and support on: . Marketing . Communication HR, IP, Legal, Marketing Services, Finance, Manufacturing, CSR, Real . Distribution Network Estate, Logistics, Security, Health & Safety and IT . Customer Services in order to preserve their Regional Functions distinctiveness, unique heritage Provide the right business environment for Maisons and Businesses to (Europe & Latin America; grow their brand equity and develop sustainably by running efficient and DNA, and enable their North America; Asia Pacific; local operations and attracting the best local talents individual creativity to flourish Japan; Middle East, India and Africa) HR, Finance, Logistics, IT, Real Estate, Security, Health & Safety and Building & office services 10 PUBLIC FOCUS ON SUSTAINABLE CASH GENERATION 〉 Build goodwill rather than acquire goodwill 〉 Create value over the long term 〉 Never undertake actions that would favour the short term to the detriment of the long term 〉 "Create moats" developing sustainable competitive advantages 〉 Generate steady cash flows and dividend growth (priority of cash over margins) 〉 Cash is our fortress and enables to seize opportunities Net cash, € m ∆% Cash flow from operations, € m ∆% FY20 2 395 -5% FY20 2 797 +20% FY19 2 528 -52% FY19 2 331 -14% FY18 5 269 -9% FY18 2 723 +44% FY17 5 791 +8% FY17 1 896 -22% 11 PUBLIC SUSTAINABILITY PUBLIC OUR TRANSFORMATIONAL CSR STRATEGY Our ‘Movement for Better Luxury’ is supported by four focus areas: People, Sourcing, Environment and Communities - each of which has an owner at Group level and a series of commitments. These four areas are encompassed by strong governance, active engagement and continuous innovation in materials and processes. 13 PUBLIC OUR SUSTAINABILITY PROGRAMMES Aim to minimise the environmental impacts of our business operations Help our people to realise their potential in a supportive and stimulating environment Invest in local communities where we operate Work with business partners to foster sustainable practices Headquarters in Geneva, Switzerland 14 PUBLIC UNITED NATIONS GLOBAL COMPACT Richemont is a participant in the United Nations Global Compact, the world’s largest corporate sustainability initiative UNGC participants align strategies and operations with universal principles on human rights, labour, environment and anti-corruption, and take actions that advance societal goals 15 PUBLIC DIVERSITY IS OUR CULTURE * *End March 2020 British 6% Others German 27% 6% American 7% Swiss Men 8% Nationalities 50% Italian 8% People Managers Chinese 16% French 22% 58 % of total workforce are Women Women 50% 16 PUBLIC RESPONSIBLE SOURCING, MANUFACTURING AND DISTRIBUTION 01 02 03 Sustainable manufacturing and Responsible sourcing Eco-friendly distribution office facilities . Richemont requests all its suppliers to . Since 2010, all our new manufacturing Use of smaller boxes for e-commerce provide assurance that supplies have been facilities have been designed with very deliveries, working towards the complete sourced in a way which respects human special care for the environment removal of plastic laminates from and labour rights, and the environment shopping retail bags and, whenever . The IWC manufacture in Schaffhausen possible, use of 100% responsibly-sourced . Richemont is an active member of the RJC along with 7 of our other manufacturing wood-based materials certified by the (Responsible Jewellery Council) with Cartier facilities do not use any fossil energy for Forestry Stewardship Council being one of the founding members heating or cooling purposes and produce . no direct CO2 emissions Environmental-friendly lighting with LED . We consider how the environment is technology in our renovated boutiques affected throughout the supply chain, . The Campus Genevois de Haute . favouring, for instance, recycled gold over Horlogerie runs on 100% renewable energy, Panerai’s Shanghai Plaza 66 boutique mined gold producing zero carbon emissions received GOLD LEED certification in July 2017. LEED stands for Leadership in Energy and Environmental Design 17 PUBLIC OUR LATEST FIGURES PUBLIC FINANCIAL HIGHLIGHTS* *End March 2020 € 14 billion € 1.5 billion 11% € 2.4 billion Turnover Operating Profit Operating Margin Net Cash Position Group sales (€ m) Operating Profit (€ m) and Operating Margin FY20 14 238 +2% FY20 1 518 10.7% 13 989 +27% 1 943 13.9% 11 013 +3% 1 844 16.7% 10 647 -4% 1 764 16.6% 11 076 +6% 2 061 18.6% 10 410 +4% 2 670 25.6% 10 023 FY14 -1% FY14 2 427 24.2% 0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000 0 500 1 000 1 500 2 000 2 500 3 000 19 PUBLIC SALES BY REGION * *End March 2020 EUROPE ASIA PACIFIC AMERICAS JAPAN MIDDLE EAST AND AFRICA € 4.3 billion € 5.0 billion € 2.8 billion € 1.2 billion € 0.9 billion vs prior period +4% -6% +6% -1% -3% constant rates FY20 sales by region (€ m) vs prior year % FY20 sales actual rates Middle East and Africa 4 992 7% ASIA PACIFIC -5% 5 243 Japan 8% 4 298 EUROPE +4% Asia Pacific 4 118 35% 2 806 AMERICAS +10% 2 551 Americas 20% JAPAN 1 212 +6% 1 148 MIDDLE EAST 930 - AND AFRICA 929 0 1 000 2 000 3 000 4 000 5 000 6 000 Europe FY19 sales 30% 20 PUBLIC SALES BY DISTRIBUTION CHANNEL* *End March 2020 RETAIL ONLINE RETAIL WHOLESALE** € 7.3 billion € 2.6 billion € 4.3 billion vs prior period constant rates -2% +14% -5% vs prior year FY20 sales by distribution channel (€ m) % FY20 sales actual rates Online Retail 19% 7 338 Retail - 7 320 2 646 Retail Online Retail +17% 51% 2 262 4 254 Wholesale** -3% 4 407 Wholesale** 30% 0 2 000 4 000 6 000 8 000 FY19 sales ** includes royalty income 21 PUBLIC SALES BY BUSINESS AREA* *End March 2020 JEWELLERY MAISONS SPECIALIST WATCHMAKERS ONLINE DISTRIBUTORS OTHER BUSINESSES € 7.2 billion € 2.9 billion € 2.4 billion € 1.8 billion vs prior period constant rates - -6% +13% -7% FY20 sales by business area (€ m) vs prior year % FY20 sales actual rates Other 12% Jewellery Jewellery 7 217 MaisonsMaisons +2% 7 083 Specialist Online Specialist 2 859 Watchmakers -4% Distributors Watchmakers 2 980 17% Jewellery Online 2 427 Maisons DistributorsOnline +15% Distributors 2 105 51% Other 1 788 Other -5% 1 881 Specialist 0 2 000 4 000 6 000 8 000 Watchmakers 20% FY19 sales 22 PUBLIC APPENDIX PUBLIC 25 MAISONS & BUSINESSES 4 business areas: Jewellery Maisons Specialist Watchmakers Online Distributors Fashion &Accessories/Other 24 PUBLIC RETAIL NETWORK - WORLDWIDE Total Boutiques 2 186 Of which Internal Boutiques 1 179 * Other SW - A. Lange & Söhne, Baume & Mercier, Roger Dubuis; Online Distributors - Watchfinder & Co.; Other F&A - Alaïa, Purdey, Serapian 25 PUBLIC OUR 7 SCHOOLS Creative Academy (Milan) INSTITUTE OF Institute of Swiss Watchmaking SWISS WATCHMAKING (Hong Kong SAR, Shanghai and Dallas) L’Ecole des Arts Joailliers (Paris) L’Ecole des Métiers Retail Academy Artisans de Haute (Hong Kong SAR, Horlogerie (Geneva) Shanghai and New York) Institut Horlogerie Cartier (La Chaux-de-Fonds) Institut Joaillerie Cartier (Paris) 26 PUBLIC MAIN FOUNDATIONS SUPPORTED Cartier Philanthropy Laureus Sport for Good Foundation Cologni Foundation for Artistic The Michelangelo Foundation for Craft Professions Creativity and Craftsmanship Fondation Azzedine Alaïa Fondation Culturelle Montblanc Fondation Cartier Pour l’Art Contemporain Peace Parks Foundation Fondation de la Haute Horlogerie 27 PUBLIC OUR PEOPLE * *End March 2020 Middle East and Africa Japan 3% 6% Rest of Europe Americas 37% 10% 7y Av. Seniority 39yEurope Av. Age Europe 4y 60% Time in Asia Pacific position 21% Corporate & Regional 24 % 55% Functions S&D Switzerland 23% 21 % Manufacturing 28 PUBLIC OUR ORIGINS Listed in Johannesburg (90%) and Zurich (10%) Compagnie Financière Richemont Initial offering price = CHF 5.00 ̴ to CHF 2.20 after splits/ restructurings Luxury Goods Tobacco Financial Natural Diversified Compagnie Financière 90% 34.1% equity interest Services Consumer Goods 43.8% voting interest Resources Richemont was established in September Luxco North American TransAtlantic Fosforera Resources Limited Holdings PLC Española SA 1988 in Switzerland, (50%) Cartier Monde Rothmans * with the spin-off of the International PLC The Continental Piaget & Industrial Trust Frontier Holdings Inc Diversa SA non-SA assets of the Baume & Mercier PLC Holding Rembrandt Group Ind.
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