Compagnie Financiere Richemont : Corporate Document

Appendix

FINANCIAL HIGHLIGHTS

Sales

Profit for the year

Dividends

€ million

FY21

FY20

FY19

FY18

Gross profit

€ million

FY2159.8%

FY2060.5%

FY1961.8%

FY1865.2%

	CR	HR
13 144	-5%	-8%
14 238	0%	+2%
13 989	+27%	+27%
11 013	+8%	+3%
	∆%
7 861	-9%
8 611	0%
8 645	+20%
7 184	+5%

€ million
FY21	9.8%	1 289
FY20	6.5%	931
FY19	19.9%
FY18	11.1%	1 221

Net cash

€ million

FY21 3 393

FY20 2 395

FY19 2 528

FY18

∆%

+39%

-67%

2 787 +128%

+1%

∆%

+42%

-5%

-52%

5 269

-9%

CHF 1 A share/10 B shares			∆%
FY21					100%
		2.00
FY20		1.00					-50%
FY19						2.00			+5%
FY18					1.90			+6%
Capex
€ million								∆%
FY21				513			-30%
FY20								735	-11%
FY19										826 +70%
FY18				487				-19%

Operating profit

€ million

FY21 11.2%

FY20 10.7%

FY19 13.9%

FY18 16.7%

	∆%
1 478	-3%
1 518	-22%
1 943	+5%
1 844	+5%

Cash flow from operating activities

€ million		∆%
FY21	3 218	+36%
FY20	2 370	+17%
FY19	2 026	-15%
FY18	2 384	+47%

Return on operating assets

FY21 10%

FY20 10%

FY19 13%

FY18 20%

FY21 SALES BY PRODUCT LINE

							9%	2% 3%			Jewellery
							42%
							13%							Watches
													Clothing
															Leather goods
															Writing instruments
												31%			Other
						Group total						Excluding Online Distributors
						Constant		Actual						Constant	Actual
12 months	€m		FY21			rates		rates			FY21			rates			rates
Jewellery			5 553	+10%	+7%				5 500			+11%			+7%
Watches			4 085			-13%		-15%				3 970			-13%			-15%
Clothing			1 636			-6%		-9%				404			-12%			-15%
Leather goods and accessories			1 129			-18%		-20%				496			-28%			-30%
Writing instruments			308			-17%		-20%				307			-17%			-20%
Other			433			-30%		-31%				374			-21%			-22%
Total sales			13 144		-5%		-8%				11 051			-4%			-7%

HEDGING

• 70% of our forecasted net foreign currency cash flow exposure arising primarily in AED, CNY, HKD, JPY, SGD and USD is hedged vs. CHF and EUR
• In the case of USD, the net exposure takes into account purchases of precious metals and precious stones
• Realised and unrealised gains/losses on currency derivative contracts are recognised in net finance costs

12 months to 31 March 2021	Average rates
versus CHF		Actual			Hedge
AED		3.98			3.85
HKD		8.41			8.14
JPY		114.94			110.84
SGD		1.48			1.42
USD		1.08			1.13
versus EUR		Actual			Hedge
CNY		7.90			8.03

FY21 SALES BY REGION AND BUSINESS AREA

										Constant				Actual			% of
12 months	€m		FY21		FY20					rates*				rates			total
Europe			2 955		4 298	-30%	-31%	23%
Asia Pacific			5 937		4 992			+22%		+19%		45%
Americas			2 388		2 806			-10%		-15%		18%
Japan			940		1 212			-21%		-22%		7%
Middle East and Africa			924		930			+4%		-1%		7%
Total sales			13 144		14 238			-5%		-8%		100%
										Constant				Actual			% of
12 months	€m		FY21		FY20					rates*				rates			total
Jewellery Maisons			7 459		7 217		+7%	+3%	57%
Specialist Watchmakers			2 247		2 859			-19%		-21%		17%
Online Distributors			2 197		2 427			-7%		-9%		17%
Other			1 345		1 788			-23%		-25%		10%
Intersegment sales			-104		-53			+102%		+96%		-1%
Total sales			13 144		14 238			-5%		-8%		100%

• Movements at constant rates are calculated by translating underlying sales in local currencies into euros in both the current period and the comparative period at the average exchange rates applicable for the financial year ended 31 March 2020