703 KB - Luxottica

More documents

Recommendations

Info

A key pillar: a flexible cost structure Operations and supply chain Manufacturing Working hard to further improve efficiency Today a much leaner organization: resized workforce across operations Continuously readapting cost structure (e.g. efficiencies, waste, scrap, utilities, etc.) Easier negotiations with longer-term agreements for purchases of commodities Increasing sun lenses insourcing Supply chain Negotiated lower transportation fees Streamlining activities between: Italy & North America China & North America Gaining benefits after the merger with Oakley across the European, Latin American and Australian organizations Offsetting nearly 75% of the fixed costs dilution related to the planned 15% reduction in volumes manufactured Winning through the cycle 32
A key pillar: a flexible cost structure Store blueprint · Stores impacted One-time 2009 Full Year charges O.I. benefit O.I. benefit Closings 117 US$4.9 mln US$3.5 mln US$9.4 mln Franchise conversion 56 US$6.8 mln US$1.7 mln US$6.6 mln Under review 110 n.a. n.a. n.a. Occupancy Comprehensive rationalization of entire store portfolio in process Negotiation with landlord and impact of co-tenancy lease provisions Conversion of 56 Pearle Vision stores to franchises to be completed by year end Lenses and manufacturing Lens costs, in-source lab work, remake reductions Other store operating costs Store maintenance, limit merit increases, utilities, supplies and freight Advertising spending 10% reduction in 2009 G&A Vendor consolidation and supplies Actions already implemented in retail in North America Winning through the cycle 33
Page 1 and 2: Winning through the cycle London -
Page 3 and 4: Summary Group results for FY 2008 2
Page 5 and 6: FY 2008: overview A year of integra
Page 7 and 8: FY 2008: consolidated results FY08
Page 9 and 10: FY 2008: plenty of accomplishments
Page 11 and 12: FY 2008: accomplishments of the New
Page 13 and 14: A structural reset of the market is
Page 15 and 16: Managing and winning through the cy
Page 17 and 18: A key pillar: sustained growth Bran
Page 19 and 20: Forever Ray-Ban: continuing the rei
Page 21 and 22: Oakley: the platform for growth 200
Page 23 and 24: Oakley: Jawbone US Retail: US$195 -
Page 25 and 26: Optical Retail in North America New
Page 27 and 28: Sunglass Hut: a global opportunity
Page 29 and 30: A key pillar: a strong balance shee
Page 31: A key pillar: a flexible cost struc
Page 35 and 36: Icon Sports Division SPORT FASHION
Page 37 and 38: REVO relaunch: the vision REVO bec
Page 39 and 40: REVO relaunch: year one Target dist
Page 41 and 42: REVO 2009 product line Acetate (1 S
Page 43 and 44: Conclusions Winning through the cyc
Page 45 and 46: A walk through sensitivity for 2009
Page 47 and 48: Drawing some conclusions No change
Page 49 and 50: Fare clic per modificare gli stili
Page 51 and 52: Non-US GAAP Measures: EPS before Tr
Page 53 and 54: Non-US GAAP Measures: EBITDA and EB
Page 55 and 56: Non-US GAAP Measures: EBITDA and EB
Page 57 and 58: Non-US GAAP Measures: Net debt and
Page 59: Investor Relations team Alessandra

703 KB - Luxottica

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?