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].

Samsynite 2021 ANNUAL RESULTS MARCH 16, 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 prepared by ...

Samsonite International S.A. (OTCPK:SMSOF) Q4 2021 Earnings Conference Call March 16, 2022 9:00 AM ET Company Participants William Yue - Senior Director, Investor Relations Kyle Gendreau - Chief Executive Officer Reza Taleghani - Chief Financial Officer Conference Call Participants Erwan Rambourg - HSBC Louise Li - Bank of America Dustin Wei - Morgan Stanley Anne Ling - Jefferies Operator Good morning, good afternoon and good evening, ladies and gentlemen. Welcome to the Samsonite International 2021 Annual ...

Samsonite International S.A. (OTCPK:SMSOF) Q3 2021 Results Conference Call November 12, 2021 9:00 AM ET Â Â Company Participants William Yue - Senior Director, IR Kyle Gendreau - CEO Reza Taleghani - CFO Conference Call Participants Luzi Li - Bank of America Dustin Wei - Morgan Stanley Hong Kong Yvonne Chow - Nan Fung Trinity Erwan Rambourg - HSBC Operator Good morning, good afternoon, and good evening, ladies and gentlemen. Welcome to the Samsonite International 2021 Third Quarter Results Conference Call. ...

2021 THIRD QUARTER RESULTS NOVEMBER 12, 2021 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 prepared by ...

| --- | --- | --- | --- | |--------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | since 1910 YOUR EMPOWERING | | | | | INTERIM REPORT 中期報告 2021 | | | | | Samsonite International S.A. 新秀麗國際有限公司 | | | | Stock Code 股份代號 1910 SAMSONITE made very encouraging progress during the first half of 2021, particularly during the second quarter. With increased vaccination rates, relaxation of social-distancing measures and the re ...

Samsonite International S.A. (OTCPK:SMSOF) Q2 2021 Earnings Conference Call August 18, 2021 9:00 AM ET Company Participants William Yue - Senior Director, Investor Relations Kyle Gendreau - Chief Executive Officer Reza Taleghani - Chief Financial Officer Conference Call Participants Dustin Wei - Morgan Stanley Anne Ling - Jefferies Erwan Rambourg - HSBC Louise Li - Bank of America Hong Kong Operator Good morning, good afternoon, and good evening, ladies and gentlemen. Welcome to the Samsonite International ...

2021 INTERIM RESULTS AUGUST 18, 2021 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 prepared by the Comp ...

Samsonite International S.A. (OTCPK:SMSOF) Q1 2021 Earnings Conference Call May 13, 2021 9:00 AM ET Company Participants William Yue - Senior Director, Investor Relations Kyle Gendreau - Chief Executive Officer Reza Taleghani - Chief Financial Officer Conference Call Participants Louise Li - Bank of America Hong Kong Erwan Rambourg - HSBC US Yvonne Chow - Nan Fung Trinity Hong Kong Dustin Wei - Morgan Stanley Hong Kong Operator Operator Good morning, good afternoon, and good evening ladies and gentlemen. We ...

Samsynte 2021 First Quarter Results May 13, 2021 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 prepared ...