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Financial results 6M 2008 August 28, 2008

Financial results 6M 2008 August 28, 2008. FF Group H1 Financials. FOLLI FOLLIE GROUP OF COMPANIES. 2 /28. Group Sales. € 30 mn. € 114 mn. € 154 mn. € 115 mn. Total € 413 million. FOLLI FOLLIE GROUP OF COMPANIES. 3 /28. FOLLI FOLLIE GROUP OF COMPANIES.

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Financial results 6M 2008 August 28, 2008

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  1. Financial results 6M 2008August 28, 2008

  2. FF Group H1 Financials FOLLI FOLLIE GROUP OF COMPANIES 2/28

  3. Group Sales €30mn €114mn €154mn €115mn Total €413 million FOLLI FOLLIE GROUP OF COMPANIES 3/28

  4. FOLLI FOLLIE GROUP OF COMPANIES

  5. Folli Follie Group - Financial Highlights H1 2008 • Full consolidation of Elmec Sport for a 6-months period • Increased sales by 53% compared to H1 2007, supported by the new group structure • Operating profit increases by 24,1% • Decline of group’s EBITDA margin to 22,3% from 26,9% • Despite increased interest expenses compared to H1 2007, a solid net profit growth after minorities of 8,5% on group level FOLLI FOLLIE GROUP OF COMPANIES 5/28

  6. Folli Follie Group - Financial Results H1 2008 FOLLI FOLLIE GROUP OF COMPANIES 6/28

  7. Folli Follie Group - Financial Highlights H1 2008 • Strong sales growth for Folli Follie stand alone (+27% in constant currency terms), indicating resilience in a difficult market environment • All regions keep on recording strong sales growth, despite an adverse currency effect • EBITDA growth of 12% compared to H1 2007 • Gross margin for Folli Follie stand alone on FY 2007 level • Net profit growth of 12,5% • EPS growth for FF stand alone of 8,4% FOLLI FOLLIE GROUP OF COMPANIES 7/28

  8. Folli Follie stand-alone - Financial Results H1 2008 Folli Follie stand-alone Folli Follie stand-alone H1 2008 H1 2007 % of sales % of sales y-o-y Amounts in € million Total Sales 154,2 134,9 14,3% EBITDA 51,9 33,7% 46,3 34,3% 12,1% EBITDA Margin 37,1% 34,3% EBT 49,9 32,4% 47,4 35,2% 5,3% EAT after minorities 42,9 27,9% 39,6 29,3% 8,4% EPS (€) 1,30 1,20 FOLLI FOLLIE GROUP OF COMPANIES 8/28

  9. + 27,1 % + 14,2 % Net sales H1 2007 vs. H1 2008 Amounts in EUR mn. • Solid sales increase of 14,2% in a still difficult market environment • Ex-currency Folli Follie stand-alone records an strong sales increase of 27,1% FOLLI FOLLIE GROUP OF COMPANIES 9/28

  10. Net sales by Region Amounts in EUR mn. • Very positive sales growth throughout all regions • Japan with a currency adjusted sales increase of +12% • Europe recording a double-digit sales growth by showing yet another strong quarter • Continuously successful sales results in the travel retail sector with an impressive 47% currency adjusted growth FOLLI FOLLIE GROUP OF COMPANIES 10/28

  11. Net sales by Region H1 2008 H1 2007 FOLLI FOLLIE GROUP OF COMPANIES 11/28

  12. JEWELLERY WATCHES ACCESSORIES JEWELLERY WATCHES ACCESSORIES Financials – Product Category Sales H1 2008 H1 2007 FOLLI FOLLIE GROUP OF COMPANIES 12/28

  13. Remarks • During H1 of 2008, 11 new points of sale opened (4 relocations): 1 in Greece, 1 in France, 1 in Spain, 1 in Japan, 2 in Korea, 2 in China, 1 in Indonesia and 2 in Thailand • End of H1 2008 Folli Follie counted 366 points of sale in 25 countries • 5 % of total turnover in local currency accounted from new openings from 30/6/2007 till 30/6/2008 FOLLI FOLLIE GROUP OF COMPANIES 13/28

  14. FOLLI FOLLIE GROUP OF COMPANIES

  15. 6M 2008 – Contribution by Company FOLLI FOLLIE GROUP OF COMPANIES 15/28

  16. Sales by region +5.3% +6.3% +3.4% +5.7% +9.5% -10.5% Amounts in € million FOLLI FOLLIE GROUP OF COMPANIES 16/28

  17. Sales by region 6M 2008 6M 2007 • AIA sales +6.3% YoY. • Other airports’ sales +5.7% YoY. • Border sales +3.4% YoY. • Port sales +9.5% YoY. • Wholesale -10.5% YoY. FOLLI FOLLIE GROUP OF COMPANIES 17/28

  18. Sales by category 6M 2007 6M 2008 • Best performing product categories: • Confectionery & Fine Food sales +13.8% at €12.2 million. • Luxury Goods / Other products sales +6.6% at €18.9 million. • Perfumes & Cosmetics sales +5.3% at €45.3 million. FOLLI FOLLIE GROUP OF COMPANIES 18/28

  19. DF/DP sales 6M 2007 6M 2008 • DF sales increased by 5.4% reaching €42.4 million from €40.3 million in 6M 2007. • DP sales increased by 5.1% reaching €64.8 million from €61.7 million in 6M 2007. FOLLI FOLLIE GROUP OF COMPANIES 19/28

  20. Key performance indicators • Pax spending +0.5% YoY. • Customer spending +2.9% YoY. • Decreased penetration by 66 bps. FOLLI FOLLIE GROUP OF COMPANIES 20/28

  21. SALES vs. DEPARTING PASSENGERS Growth Sales growth for 6M 2008 +5.3% Pax growth for 6M 2008 +5.1% FOLLI FOLLIE GROUP OF COMPANIES 21/28

  22. FOLLI FOLLIE GROUP OF COMPANIES

  23. 6M 2008 – Contribution by Company FOLLI FOLLIE GROUP OF COMPANIES 23/28

  24. Sales by region 2007 6M 2008 6M FOLLI FOLLIE GROUP OF COMPANIES 24/28

  25. Sales by region +27% +27% +57% +24% +34% Amounts in € million FOLLI FOLLIE GROUP OF COMPANIES 25/28

  26. % Sales by segment 2007 6M 2008 6M FOLLI FOLLIE GROUP OF COMPANIES 26/28

  27. Sales by segment +131% +27% +25% +19% +5% Amounts in € million FOLLI FOLLIE GROUP OF COMPANIES 27/28

  28. Financial results 6M 2008Thank you…

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