Kering Investor Presentation Deck
Luxury
Non-Luxury
PPR acquires
42% in Gucci
Acquisitions of
YSL &
Boucheron
Sport &
Lifestyle
36%
TRANSFORMATION TIMELINE OVERVIEW
Acquisition
of Bottega
Veneta
1999 2001
2007
Acquisition of
Puma
FY12
Revenue & Rec.
op. margin:
€9.7bn
18.4%
2011 2012 2013 2014 2015 2018 2019
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Divested
Conforama
1
Divested
La
Redoute
T
Distribution
of
Puma
shares
KERING HAS BECOME A PURE LUXURY PLAYER
PPR becomes
Kering
Acquisitions of
Qeelin &
Pomellato
Acquisition
of Brioni
Investor Presentation - November 2023
Listing of
FNAC retail
unit
Launch of
Kering
Eyewear
64%
Luxury
Kering has become a pure Luxury player
REVENUE BREAKDOWN AND MARGIN EXPANSION
Divested
Volcom
Acquisition
of Lindberg
Kering
6%
Eyewear &
Corp.
Launch of Kering
Beauté, acquisitions of
Creed, and 30% stake
in Valentino
Acquisition
of Maui Jim
2021 2022 2023
FY22
Revenue & Rec.
op. margin:
€20.4bn
27.5%
Luxury
100%
94%
Houses
CREATING AND SHARING VALUE FOR THE LONG TERM
Over the past years, Kering has transformed from a diversified
conglomerate into a pure Luxury player, with a well-balanced
geographical exposure, which has translated into superior
growth and margin expansion
Market Capitalization tripled in 10 years: from €17.8bn in
YE12 to €59.0bn in YE22
Kering Dividend Per Share (DPS) has increased by a 16%
CAGR since 2013
Shareholder return: (i) a sustainable dividend growth and
stable payout ratio of c. 50% of net income* and available cash
flow, as well as (ii) incremental share repurchase programs
* Group share, excluding non-recurring items
A WELL-BALANCED GEOGRAPHICAL EXPOSURE
ROW
7%
Asia Pacific
33%
Japan
6%
FY22
revenue:
€20.4bn
Western Europe
27%
North America
27%
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