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H & M Hennes & Mauritz AB TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT

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Page 1: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

H & M Hennes & Mauritz AB

TELEPHONE CONFERENCE 24 SEPTEMBER 2015

NINE-MONTH REPORT

Page 2: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

• KARL-JOHAN PERSSON CEO

• NILS VINGE INVESTOR RELATIONS

• ANN-SOFIE JOHANSSON CREATIVE ADVISOR

Page 3: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

• Sales SEK 153 billion, including VAT

– 21% increase in SEK; +12% in local currencies

– well-received collections for all Group brands

– strong expansion continues in stores and online

• Substantial long-term investments within IT and online; and broadening of the product range

– H&M Beauty very well received

• Good cost control maintained

• Profit before tax SEK 20.1 billion (+11%)

NINE MONTHS 2015 IN BRIEF

Page 4: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

FINANCIAL DATA

Page 5: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

SALES

45,259

126,964

53,420

153,444

+ 18%

+ 21%

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

Q3 Nine months

SEK m incl VAT

2014

2015

Page 6: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

GROSS PROFIT AND GROSS MARGIN

2014

2015

22,62725,712

63,278

75,170

58.3% 55.9%

58.2%

56.9%

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

Gross profit SEK m

Q3 Nine months

Page 7: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

SELLING AND ADMINISTRATION EXPENSES

15,741

45,426

18,843

55,312

+ 20%

+ 22%

0

10,000

20,000

30,000

40,000

50,000

60,000

Q3 Nine months

SEK m

2014

2015

Page 8: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

PROFIT AFTER FINANCIAL ITEMS

6,967

18,096

6,936

20,094

0%

+ 11%

0

5,000

10,000

15,000

20,000

25,000

Q3 Nine months

SEK m

2014

2015

Page 9: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

SALES AND PROFITS THIRD QUARTER

SEK m 2015 2014

Net sales 46,024 38,805

Gross profit 25,712 22,627

gross margin, % 55.9 58.3

Operating profit 6,869 6,886

operating margin, % 14.9 17.7

Net financial items 67 81

Profit after financial items 6,936 6,967

Tax -1,630 -1,671

Profit for the period 5,306 5,296

Earnings per share, SEK 3.21 3.20

Page 10: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

SALES AND PROFITS NINE MONTHS

SEK m 2015 2014

Net sales 132,167 108,775

Gross profit 75,170 63,278

gross margin, % 56.9 58.2

Operating profit 19,858 17,852

operating margin, % 15.0 16.4

Net financial items 236 244

Profit after financial items 20,094 18,096

Tax -4,722 -4,342

Profit for the period 15,372 13,754

Earnings per share, SEK 9.29 8.31

Page 11: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

KEY DATA

SEK m 31 Aug 2015 31 Aug 2014

Stock-in-trade 25,205 17,940

Cash flow from current operations 17,813 18,007

Investments 7,893 6,348

Cash and cash equivalents and short-

term investments10,963 13,451

Return on shareholders' equity, % * 44.7 46.1

* rolling twelve months

Page 12: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

STOCK-IN-TRADE

17,940

25,205

+ 40%

0

5,000

10,000

15,000

20,000

25,000

30,000

31 Aug

SEK m

2014

2015

Page 13: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

EXPANSION

Page 14: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

• Total of 3,675 stores in 59 markets (31 August)

• Approximately 400 new stores net planned for 2015

– China and the US largest expansion markets

• Five new H&M markets 2015

– very good reception in Taiwan, Peru and Macau

– India and South Africa new markets in October; H&M to open in New Delhi and Cape Town

• Three new H&M markets 2016

– New Zealand, Cyprus and Puerto Rico

STORE EXPANSION

Page 15: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

• Continued expansion for H&M’s other brands

– COS, & Other Stories, Monki, Weekday and Cheap Monday

• More new stores planned for & Other Stories and COS in 2015 compared with 2014

• Four new markets for COS 2015

– Bahrain, opened via franchise in February

– Luxembourg, Hungary and Canada during autumn

• COS to open in the Czech Republic in spring 2016

OUR FASHION BRANDS

Page 16: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

• Rapid expansion of H&M’s online store, hm.com

• Ten new online markets in 2015

– Portugal, Poland, the Czech Republic, Romania, Slovakia, Hungary, Bulgaria and Belgium opened during spring

– Switzerland and Russia to open in autumn

• H&M online in 23 markets in total (Nov 2015)

• Online in nine further H&M markets 2016

– Ireland, Japan, Greece, Croatia, Slovenia, Estonia, Latvia, Lithuania and Luxembourg

H&M ONLINE

Page 17: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

• New broad concept for makeup, body care and hair care

• High quality at the best price in beautiful design

– wide selection of colours and trends

• Very well received in 700 stores in 28 markets and online

– gradual launch started in July 2015

• H&M Beauty available in a total of 900 stores in 42 markets and online by end of financial year

H&M BEAUTY

Page 18: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON
Page 19: TELEPHONE CONFERENCE 24 SEPTEMBER 2015...TELEPHONE CONFERENCE 24 SEPTEMBER 2015 NINE-MONTH REPORT •KARL-JOHAN PERSSON CEO •NILS VINGE INVESTOR RELATIONS •ANN-SOFIE JOHANSSON

H & M Hennes & Mauritz AB