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ANALYST PRESENTATION - Adler

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4 Compelling business model<br />

Lean and vertical business model with full information<br />

control over the entire value chain<br />

Full information control across the entire value chain<br />

Product development Sourcing Logistics Distribution<br />

� Integration of in-house design<br />

team within the purchasing<br />

department improving<br />

efficiency of product<br />

development process<br />

� Focus on own brands<br />

� Fashion follower of market<br />

proven styles minimising<br />

fashion risk<br />

� Up to 10 collections per year<br />

ADLER | <strong>ANALYST</strong> <strong>PRESENTATION</strong><br />

1 2 3 4<br />

� Completely outsourced<br />

manufacturing and<br />

procurement process to a well<br />

diversified supplier base<br />

� Long-standing and trustful<br />

sourcing partnership with<br />

Metro Group Buying (MGB)<br />

� Centralised logistics<br />

operations with efficient pushand-pull<br />

warehousing system<br />

� Organised by Motex and<br />

MGB<br />

� High competence in<br />

marketing and customer<br />

relationship management<br />

activities for target group<br />

� Full control of all sales areas<br />

through directly operated<br />

store network<br />

� Highly flexible modular store<br />

system<br />

� Multi-channel distribution<br />

concept – successful launch<br />

of e-shop in March 2010<br />

� Efficient supply chain management – full information control over the entire value chain and high process standardisation<br />

� Focus on core value added processes – product development and distribution<br />

� Asset light model with high scalability due to limited capex requirements<br />

21

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