703 KB - Luxottica

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FY 2008: debt overview Millions of Euro Dec. 31, 2008 Dec.31, 2007 Dec. 31, 2008 ∆ EBITDA (1) 1,015 ∆ working capital (77) Capex (296) Operating cash flow 641 Financial charges (3) (122) Taxes (202) Extraordinary charges (4) (15) Free cash flow (1) 302 Net debt (1) (US$) (3,058) (2,881) +176 Net debt (1) (€) (825) (895) (70) Translation adj. (103) € 1 = US$ 1.4603 1.3919 Net debt (1) (€) (2,872) (2,950) (78) Net debt/EBITDA (1) 2.7x 2.9x Net debt/EBITDA (1) (2) excluding exchange 2.8x 2.8x rate effect (1) Free cash flow, EBITDA, Net debt and Net debt/EBITDA are not US GAAP measures. For additional disclosure regarding non-US GAAP measures and a reconciliation to US GAAP measures, see Appendix. (2) The ratio is calculated translating the Net debt and EBITDA at the average exchange rate of 2008 and the average exchange rate of 2007, respectively (3) Equals interest income minus interest expenses (4) Equals extraordinary income minus extraordinary expenses Winning through the cycle 8
FY 2008: plenty of accomplishments Clarity of vision, cultural changes The addition of Oakley The brand proved to be highly resilient even as the economy slowed All activities planned for the first year of integration now fully completed Ray-Ban enjoyed its sixth year in a row of double-digit sales growth Great volumes, success of Rx products and better mix Iconic styles continue to be highly successful Developed a solid and well-balanced presence in emerging markets Demonstrated dynamism toward a changing environment 2Q08: North American retail cost structure readjusted 3Q08 & 4Q08: solid work around working capital optimization Enhanced planning and allocation processes Faster-moving and more cost-efficient structure Winning through the cycle 9
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: FY 2008: consolidated results FY08
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 and 32: A key pillar: a flexible cost struc
Page 33 and 34: 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
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703 KB - Luxottica

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