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THE BVLGARI GROUP Fiscal Year 2002 First Quarter Results May 14th 2002.

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Presentation on theme: "THE BVLGARI GROUP Fiscal Year 2002 First Quarter Results May 14th 2002."— Presentation transcript:

1 THE BVLGARI GROUP Fiscal Year 2002 First Quarter Results May 14th 2002

2 FINANCIAL RESULTS Q M.EURO Q Q DELTA Q1 02/01 Q DELTA Q1 01/00 REVENUES % % GROSS PROFIT %78.1*+36% EBIT %21.3*+26% NET PROFIT % % *REINSTATED AS PER GAAP 26

3 REVENUE % GROWTH BY GEOGRAPHICAL AREA YOY ITALY EUROPE Ex ITALY AMERI CAS JAPAN FAR EAST M.EAST OTHER Q1 00Q1 01Q * * *REINSTATED FIGURES FOLLOWING KOREAN FRANCHISEE ACQUISITION

4 REVENUE % BREAKDOWN BY GEOGRAPHICAL AREA YOY ITALY EUROPE EX ITALY AMERI CAS JAPAN FAR EAST M.EAST OTHER 5446 Q1 00Q1 01Q * * *REINSTATED FIGURES FOLLOWING KOREAN FRANCHISEE ACQUISITION

5 REVENUE % GROWTH BY PRODUCT LINE YOY JEWELS WATCHES PERF ACCESS ROYALT Q1 00Q1 01Q

6 REVENUE % BREAKDOWN BY PRODUCT LINE YOY JEWELS WATCHES PERF ACCESS.3445 ROYALT.3322 Q1 00Q1 01Q

7 On total sales 10.2% ADVERTISING AND PROMOTION INVESTEMENTS IN M.EURO AND AS A % ON REVENUES 10.8% 7.7%

8 BALANCE SHEET HIGHLIGHTS M.EURO GEARING 20% 64% 63%

9 CAPITAL EXPENDITURE M.EURO ME EUROQ1 02Q1 01Q1 00 TANGIBLE INTANGIBLE TOTAL

10 NET WORKING CAPITAL M.EURO ME EUROQ1 02Q1 01Q1 00 RECEIVABLES INVENTORY PAYABLES

11 STORE OPENING ACTIVITY AND DISTRIBUTION EXISTING DIRECTLY OPERATED STORES 82 FRANCHISED STORES 29 TOTAL STORES 111 P.O.S. AND TRAVEL RET. AND WHOLES. 47 TOTAL STORES +POS 158

12 Q NEW PRODUCTS l JEWELLERY BB BIG RING l WATCHES Bzero1 WATCH DIAGONO PROFESSIONAL – GMT, TACHYMETRIC RETTANGOLO RUBBER CHRONO l PERFUMES EAU PARFUMEE AU THE VERT – RITUAL (LIMITED EDITION) BLV – ST.VALENTINE KIT (LIMITED EDITION) l ACCESSORIES Bzero1 HANDBAG – SPRING COLLECTION For details on the new products, please see

13 Q & A


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