Samsynte 2022 THIRD QUARTER RESULTS Samsonite NOVEMBER 11, 2022 OUR RESPONSIBLE = And JOURNEY G DISCLOSURE STATEMENT This presentation and the accompanyings slides (the "Presentation"), which have been prepared by Samsonite International S.A.("Samsonite" or the "Company"), do not constit or invitation to purchase or subscribes and shall not form the basis for, or be relied on in connection with, any contract or binding commitment whatsoever. This Presentation has been prepared by the Company based on inform ...

Samsonite International S.A. (OTCPK:SMSOF) Q3 2022 Earnings Conference Call November 11, 2022 9:00 AM ET Company Participants William Yue - Director of Investor Relations Kyle Gendreau - CEO Reza Taleghani - CFO Conference Call Participants Dustin Wei - Morgan Stanley Erwan Rambourg - HSBC Anne Ling - Jefferies Operator Good morning, good afternoon and good evening, ladies and gentlemen. Welcome to the Samsonite International 2022 Third Quarter Results Conference Call. Please note that this event is being r ...

Financial Performance - For the three months ended September 30, 2022, the group's net sales showed a continuous improvement due to the easing of travel restrictions, resulting in a recovery in the tourism sector [5]. - The impact of the COVID-19 pandemic on the group's business and financial performance has lessened compared to previous periods, attributed to effective vaccination rollouts and government measures [5]. - Financial performance comparisons are made with the periods ended September 30, 2021, and September 30, 2019, to assess the impact of the pandemic [5]. - The financial results for the three months ended September 30, 2022, are compared with the same period in 2021 and 2019 to provide context for performance evaluation [6]. - Net sales for the three months ended September 30, 2022, were $790.9 million, representing a 42.0% increase compared to $557.1 million in the same period of 2021 [7]. - Operating profit for the same period was $121.8 million, a significant increase of 140.0% from $50.7 million year-over-year [7]. - Adjusted net income reached $64.9 million, up 646.5% from $8.7 million in the prior year [7]. - Adjusted EBITDA for the quarter was $134.1 million, reflecting an 85.6% increase compared to $72.2 million in the previous year [7]. - The adjusted EBITDA margin improved to 17.0%, up from 13.0% in the same quarter last year [7]. - Basic and diluted earnings per share were $0.040, compared to a loss of $0.004 per share in the prior year, indicating a significant turnaround [7]. - The company reported a profit attributable to equity holders of $58.2 million, compared to a loss of $5.2 million in the same period last year [7]. - The operating profit, excluding non-cash impairment charges and restructuring costs, was $119.8 million, up 107.7% from $57.7 million year-over-year [7]. - The company experienced a notable increase in adjusted EBITDA, which is a key indicator of operational performance, highlighting strong growth in profitability [7]. Sales and Revenue Growth - For the three months ended September 30, 2022, net sales were $790.9 million, an increase of 42.0% compared to $557.1 million for the same period in 2021 (a 54.7% increase on a constant currency basis) [8]. - Net sales for the nine months ended September 30, 2022, were $2,061.1 million, representing a 51.9% increase compared to $1,356.6 million in the same period of 2021 [10]. - The company reported a significant increase in adjusted basic and diluted earnings per share to $0.103, compared to a loss of $0.066 in the prior year [10]. - The company experienced a 61.9% increase in net sales when excluding foreign exchange impacts [10]. - The total net sales for the nine months ended September 30, 2022, amounted to $2,061.1 million, a 51.9% increase compared to $1,356.6 million in the same period of 2021 [90]. - Travel product sales accounted for 68.1% of total sales, amounting to $538.6 million, a 59.9% increase from 2021 [32]. - Non-travel product sales reached $252.3 million, representing a 12.8% increase year-over-year [32]. - The core brand Samsonite's sales increased by $155.2 million or 59.8%, with a total of $414.8 million in 2022 [30]. - Tumi brand sales grew by $30.4 million or 22.5%, reaching $165.3 million in 2022 [30]. - American Tourister brand sales increased by $45.4 million or 45.2%, totaling $145.6 million in 2022 [30]. Cost Management and Expenses - Cash generated from operating activities for the three months ended September 30, 2022, was $117.9 million, down from $157.1 million in the same period last year [8]. - Marketing expenses increased to $44.8 million for the three months ended September 30, 2022, up 108.5% from $21.5 million in the same period last year, representing 5.7% of net sales [8]. - Distribution expenses increased by $30.7 million or 17.2% to $209.7 million, representing 26.5% of net sales, an improvement from 32.1% in the prior year [50]. - General and administrative expenses increased by $6.2 million or 11.6% to $59.8 million, accounting for 7.6% of net sales, down from 9.6% in the previous year [52]. - The company implemented cost-saving measures and restructuring actions to mitigate the impact of the COVID-19 pandemic on profitability and cash flow [58]. - The company recorded a net financial expense of $35.6 million, up 18.5% from $30.0 million in the prior year, primarily due to increased foreign exchange losses and interest expenses [62]. - The company’s financial expenses for the nine months ended September 30, 2022, were $103.3 million, down from $135.2 million in the same period of 2021, indicating a reduction of approximately 24% [16]. Strategic Initiatives and Future Outlook - The company plans to increase marketing investments for the remainder of 2022 to drive net sales growth and capitalize on the ongoing recovery in the travel industry [8]. - The company plans to increase capital expenditures for projects delayed during the COVID-19 pandemic and for key strategic initiatives entering 2023 [81]. - The company aims to expand its retail presence and invest in European production facilities to support new product innovations [141]. - The company believes it will continue to effectively navigate the current environment based on its past experiences in dealing with tourism disruptions [5]. - The company anticipates continued growth and improvement in financial performance, driven by market opportunities and strategic initiatives [14]. Market and Regional Performance - North America sales increased by $81.7 million or 38.8% year-over-year, totaling $292.3 million in 2022 [28]. - Asia saw a significant sales increase of $90.4 million or 52.0%, reaching $264.4 million in 2022 [27]. - European sales rose by $66.2 million or 52.1%, totaling $193.2 million in 2022 [28]. - The sales in the U.S. for the same period rose by $69.5 million or 33.9%, and by $73.7 million or 36.7% when excluding Speck sales [40]. - The sales in India rose by $26.1 million or 71.0% year-over-year, primarily due to the lifting of travel restrictions [100]. - The sales in Australia surged by $12.9 million or 377.3% year-over-year following the end of lockdowns [43]. - The sales in Canada increased by $8.0 million or 79.9% year-over-year, reflecting the market's reopening [40]. Debt and Financial Position - As of September 30, 2022, the company had cash and cash equivalents of $801.0 million and total outstanding financial debt of $2,198.8 million, resulting in net debt of $1,397.9 million [8]. - The company repaid $535.0 million of outstanding borrowings under its senior credit facility during the nine months ended September 30, 2022 [11]. - The company established a credit agreement on April 25, 2018, which includes a total of $800 million in A Term Loans, $665 million in B Term Loans, $495.5 million in Incremental B Term Loans, and $850 million in Revolving Credit Facilities [146]. - The company must maintain a total net leverage ratio not exceeding 4.50:1.00 and a cash interest coverage ratio of no less than 3.00:1.00 as part of its financial covenants [151]. - The company complied with the minimum liquidity covenant of $100 million under the Incremental B Term Loans as of September 30, 2022 [152].

Samsonite International S.A. 新秀麗國際有限公司 Stock Code 股份代號 1910 ２０２２ I N T E R I M R E P O R T 中 期 報 告 ams on OUR RESPONSIBLE JOURNEY WE continue to be encouraged by Samsonite's progress in the first half of 2022. We maintained the positive sales momentum and financial performance from the second half of 2021 to achieve a great set of results for the six months ended June 30, 2022. As we look to the second half of 2022, we are confident in our ability to capitalize on the continued recovery in global travel fro ...

Samsonite International S.A. (OTCPK:SMSOF) Q2 2022 Earnings Conference Call August 17, 2022 9:00 AM ET Company Participants William Yue - Senior Director of IR Kyle F. Gendreau - CEO Reza Taleghani - EVP, CFO, and Treasurer Conference Call Participants Dustin Wei - Morgan Stanley Unidentified Analyst - HSBC Yvonne Chow - NF Trinity Anne Ling - Jefferies Operator Good morning, good afternoon, and good evening, ladies and gentlemen. Welcome to the Samsonite International 2022 Interim Results Conference Call. ...

Sams Snite 2022 INTERIM RESULTS AUGUST 17, 2022 ams Snite OUR OUR OUR OUR SESPONSIBLE IOURNE IOURNE I Samsonite International S.A. Stock Code: 1910 Disclosure Statement This presentation and the accompanying slides (the "Presentation"), which have been prepared by Samsonite International S.A. ("Samsonite" or the "Company"), do not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for, or be relied on in connection with, any contract or binding commi ...

Samsonite International S.A. (OTCPK:SMSOF) Q1 2022 Earnings Conference Call May 12, 2022 9:00 AM ET Company Participants William Yue - Senior Director of Investor Relations Kyle Gendreau - Chief Executive Officer Reza Taleghani - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Dustin Wei - Morgan Stanley Anne Ling - Jefferies LLC Operator Good morning, good afternoon and good evening, ladies and gentlemen. Welcome to the Samsonite International 2022 First Quarter ...

Samsynite 2022 FIRST QUARTER RESULTS MAY 12, 2022 Samsonite International S.A. Stock Code: 1910 Disclosure Statement This presentation and the accompanying slides (the "Presentation"), which have been prepared by Samsonite International S.A. ("Samsonite" or the "Company"), do not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for, or be relied on in connection with, any contract or binding commitment whatsoever. This Presentation has been prepare ...

Financial Performance - The group's net sales for the three months ended March 31, 2022, were $573.6 million, representing a 61.7% increase compared to $354.7 million for the same period in 2021[6]. - Operating profit for the same period was $58.1 million, a significant recovery from an operating loss of $47.0 million in the previous year[6]. - Adjusted EBITDA for the first quarter of 2022 was $73.2 million, compared to a loss of $28.5 million in the same quarter of 2021[6]. - The adjusted EBITDA margin improved to 12.8% from a negative 8.0% in the prior year[6]. - The group reported a net profit of $21.2 million for the first quarter of 2022, recovering from a net loss of $71.2 million in the same period last year[6]. - Earnings per share for the first quarter were $0.011, compared to a loss per share of $0.051 in the previous year[6]. - Total comprehensive income for the three months ended March 31, 2022, was $45.1 million, compared to a total comprehensive loss of $53.4 million in the prior year[15]. - The company reported a net income attributable to equity holders of $16.4 million for the three months ended March 31, 2022, compared to a loss of $72.7 million in the same period last year[124]. - The adjusted net income for the three months ended March 31, 2022, was $23.3 million, improving from a loss of $67.4 million in the same period of 2021[124]. Sales and Revenue Trends - The sales trend showed continuous improvement, particularly in February and March 2022, as travel restrictions eased in various countries[5]. - The consolidated net sales for the three months ended March 31, 2022, increased by 68.7% compared to the same period in 2021 after excluding sales from Speck[7]. - Travel product sales increased by $176.6 million or 101.6% year-over-year, driven by the rebound in domestic and regional travel, particularly in North America and Europe[35]. - Non-travel product sales rose by $42.4 million or 23.4%, with a 34.3% increase when excluding the impact of the sale of Speck[35]. - DTC channel sales net amount increased by $81.7 million or 70.2% for the three months ended March 31, 2022, compared to the same period in 2021[156]. - Wholesale channel sales net amount increased by $137.2 million or 57.6% for the three months ended March 31, 2022, compared to the same period in 2021[155]. - The total sales revenue reported in Hong Kong increased by $3.0 million or 24.1% year-over-year, with a 24.4% increase when adjusted for constant currency[163]. Cost Management and Expenses - The company implemented measures to enhance liquidity and reduce operating expenses to mitigate the impact of the COVID-19 pandemic on sales[5]. - Marketing expenses rose by 126.1% to $24.1 million, representing 4.2% of net sales, up from 3.0% in the same period last year[7]. - The company recorded a non-cash impairment charge of $0.8 million related to leasehold assets for the three months ended March 31, 2022, due to the assessment of its retail stores in Russia[58]. - Restructuring costs totaled $0.2 million for the three months ended March 31, 2022, down from $3.8 million in the same period last year, reflecting cost-cutting measures taken in response to the pandemic[60]. - The company reported a significant reduction in operating expenses as part of its strategy to enhance liquidity and resilience against the impacts of the COVID-19 pandemic[138]. Inventory and Supply Chain - The company experienced a delay in inventory replenishment, particularly in North America, which impacted the recovery pace in early 2022[5]. - Inventory increased from $348.4 million in December 2021 to $406.2 million in March 2022, an increase of about 16.6%[16]. - The company faced inventory replenishment delays, particularly in North America, which slowed the recovery pace in Q1 2022[139]. Market and Geographic Performance - North America accounted for $215.8 million or 37.6% of total net sales, showing a significant increase of 69.6% from $127.2 million in the previous year[30]. - The Asia region's net sales were $185.7 million, which is 32.4% of total sales, reflecting an 18.8% increase from $156.4 million in the same quarter of 2021[30]. - The European market saw a remarkable growth of 145.5%, with net sales rising to $126.5 million from $51.5 million year-over-year[30]. - The company has temporarily ceased all business activities in Russia since March 14, 2022, due to the Ukraine war, impacting overall sales performance[27]. Financial Position and Liquidity - Cash and cash equivalents as of March 31, 2022, were $1,057.0 million, with net debt increasing to $1,524.8 million from $1,477.2 million at the end of 2021[8]. - The company believes its existing cash and estimated cash flows will be sufficient to meet operational and capital needs at least until May 31, 2023[25]. - The company has a minimum liquidity covenant of $500.0 million that remains effective during the suspension period of financial covenants[24]. - The company continues to focus on strict control of capital expenditures, marketing activities, and discretionary spending to preserve cash[126]. Future Outlook - The company plans to increase marketing investments for the remainder of 2022 to capitalize on the ongoing recovery in the travel industry[7]. - The company continues to focus on streamlining operations to align with future development needs[5]. - The company anticipates ongoing recovery in sales due to the easing of travel restrictions and social distancing measures in various countries[26].

Financial Performance - Samsonite's performance improved significantly in 2021 due to increased vaccination rates and the easing of social-distancing measures, leading to a stronger financial position[2]. - The financial highlights indicate a disciplined approach to cost control and cash management, which supports long-term growth and shareholder value creation[2]. - The Group has significant liquidity of US$1.5 billion as of December 31, 2021, positioning it strongly to navigate ongoing COVID-19 impacts and invest for long-term growth[7]. - Net sales for the year ended December 31, 2021, reached $2,020.8 million, representing a 31.5% increase compared to $1,536.7 million in 2020[23]. - Operating profit for the year was $132.7 million, a significant recovery from an operating loss of $1,266.2 million in the previous year[23]. - Profit attributable to equity holders was $14.3 million, compared to a loss of $1,277.7 million in 2020[23]. - Adjusted EBITDA for the year was $182.3 million, recovering from a loss of $218.8 million in 2020[23]. - The Group's net sales recovery accelerated in the second half of 2021 due to the rollout of vaccines and the recovery in travel[18]. - The Group's consolidated net sales increased by US$538.3 million, or 36.3%, for the year ended December 31, 2021, when excluding the net sales of Speck[24]. - The Group recorded a gross profit margin of 54.5% for the year ended December 31, 2021, up from 46.0% in the previous year, attributed to price increases and lower promotional discounts[24]. Strategic Initiatives - The company aims to enhance shareholder value through sustainable revenue and earnings growth, focusing on increasing the proportion of net sales from direct-to-consumer e-commerce channels[6]. - Samsonite plans to invest in research and development to create lighter and stronger materials, advanced manufacturing processes, and innovative functionalities that benefit consumers[6]. - The company is committed to extending its brands into new markets and deepening penetration in existing channels through its regional management structure and distribution expertise[6]. - Samsonite's strategy includes significant investment in marketing to support its brands and initiatives[6]. - The company emphasizes its environmental, social, and governance (ESG) philosophy as part of its core business practices, aiming to lead the industry in sustainability[6]. - The Group intends to prudently increase investment in capital expenditures and software for sustainable long-term growth[7]. - The company aims to enhance its operational performance and underlying trends through strategic adjustments and cost management initiatives[23]. Market Recovery and Challenges - The Group experienced improved sales trends as government restrictions were loosened, contributing to a recovery in demand[21]. - The Group anticipates that the ongoing recovery in travel will provide opportunities for growth and market share expansion[7]. - The outlook for 2022 is mixed, with a decline in net sales for the first two months of 2022 compared to the same period in 2019 being about in line with the 28.0% decline in Q4 2021[47]. - Despite improvements in 2021, the outlook for 2022 remains mixed due to the impact of the Omicron variant, with sales in the first two months of 2022 showing a decline compared to 2019[50]. - The company has suspended all commercial activities in Russia, closing 37 retail stores and halting product imports, while donating over 10,000 bags to support Ukrainian refugees and contributing $1.0 million for humanitarian aid[50]. - The Group's net sales decline narrowed to 30.9% in Q4 2021 compared to Q4 2019, with a constant currency decline of 30.2%[99]. Product and Brand Performance - The Group operates under well-known brands including Samsonite, Tumi, and American Tourister, among others, catering to various consumer price points[6]. - The Group's core brands recorded year-on-year net sales increases as the impact of COVID-19 moderated due to vaccine rollouts and recovery in travel[124]. - Successful product launches in 2021 included the Magnum Eco, Proxis, and Lite Box suitcase lines, with a focus on sustainable materials[69]. - The upcoming Tumi Alpha Bravo collection will feature over two dozen new styles made from recycled materials, receiving positive feedback from consumers and media[69]. - The Elevation™ Plus collection is expected to meet traveler demand for functionality and sustainability, featuring a high-performance polypropylene exterior and 100% recycled PET bottle lining[70]. Cash Management and Debt - The Group generated US$387.1 million of cash from operating activities during the year ended December 31, 2021, compared to US$114.2 million used in the previous year[31]. - As of December 31, 2021, the Group had cash and cash equivalents of US$1,324.8 million and outstanding financial debt of US$2,802.0 million, resulting in a net debt position of US$1,477.2 million[31]. - Total cash generation was US$199.8 million during the year ended December 31, 2021, compared to total cash burn of (US$360.1) million in the previous year[31]. - The Group prepaid US$370.0 million of borrowings during the year ended December 31, 2021[93]. - The Group's liquidity may not be sufficient, and there is a possibility of needing additional financing[97]. E-commerce and Sales Channels - Direct-to-consumer (DTC) sales represented 38.7% of total net sales in 2021, up from 31.0% in 2020[140]. - E-commerce channels accounted for US$430.8 million of net sales, representing a year-on-year increase of US$91.1 million, or 26.8% (+24.9% constant currency)[148]. - The Group's net sales in the wholesale channel increased by US$280.7 million, or 29.3% (+27.8% constant currency), for the year ended December 31, 2021 compared to the previous year[144]. - Total DTC e-commerce net sales increased by US$29.0 million, or 13.5% (+11.8% constant currency), to US$243.6 million for the year ended December 31, 2021[147].