InDesign- Estee Annual Rpt


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School Project of annual report short layout. Created Layout with CS3 InDesign and edited photos with CS3 Photoshop.

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InDesign- Estee Annual Rpt

  1. 1. COMPANIES 2008 ANNUAL REPORT LesleyEsteeFinal.indd 1 2/20/2009 11:58:52 PM
  2. 2. HOW WE GROW Our strategy for profi table growth is maintaining our unwavering commitment to “bringing the best to everyone we touch” while continually expanding into new regions, new distribution channels and new brands. This is our story. TODAY, OUR PRODUCTS ARE SOLD IN MORE THAN 140 COUNTRIES AND TERRITORIES. WE HAVE 29 BRANDS. AND WE ACHIEVED NEARLY $8,000,000,000 IN GLOBAL SALES. 800 2008 700 8 Reductions 600 7 Additions 6 500 5 400 2007 4 300 Reductions 3 200 2 Additions 100 1 2006 0 0 1953 1972 1985 1991 2008 Skin Care Makeup Fragrance Hair Care Total Estee Lauder 1953-2008 Profit Growth (in billions) Estee Lauder 2006-2008 Net Profit by Product (in millions) LesleyEsteeFinal.indd 2 2/20/2009 11:58:52 PM
  3. 3. TABLE OF CONTENTS Letter To The Stockholder Page 5 Year in Review 2009 Pages 6-7 Statement of Earnings Pages 9 Board of Director Pages10-11 LesleyEsteeFinal.indd 3 2/20/2009 11:58:52 PM
  4. 4. Estee Lauder: 1962 by Adam Smith BEST BRINGING THE TO EVERYONE We Touch. COMPANIES LesleyEsteeFinal.indd 4 2/20/2009 11:58:53 PM
  5. 5. ESTEE LAUDER LETTER TO THE STOCKHOLDERS 5 Dear Fellow Stockholders: Every year for the past 62 years, The Estée Lauder Companies has continued to grow. I am proud to report that thanks to the efforts of our 32,000 dedicated employees, we continued that trend with excellent financial results in the 2008 fiscal year. I am often asked how the Company will maintain its growth record as we look forward to the next era, especially in times as challenging as the present. I believe the answer can be found in our unparalleled multi-national, multi-channel and multi-brand strategy. As Chairman of the Company, I am extremely gratified by the progress we have made. We have grown from just three brands in the 1960s to a dynamic portfolio of 29 cherished brands today that help women and men look and feel their best. Until 1961, our products were available on only one continent. LEONARD A. LAUDER: CHAIRMAN Today, we sell our stellar brands in more than 140 countries and territories. As our consumers ven- tured out to try other shopping venues, we also expanded our distribution to match their lifestyles. Our Company’s strength lies in its innovation, ability to stay fresh and relevant, and unwavering commitment to “Bringing the Best to Everyone We Touch.” I applaud the efforts of our Chief Executive Officer, William Lauder, and his outstanding leader- ship team, to amplify our progress in the years ahead. They are working to ensure that we continue to exceed consumers’ expectations, that outstanding quality remains the hallmark of our products and services, and that all of our talented people work together to focus our resources on achieving new levels of success. While the challenges of operating a business on a global scale are great, I am confident that our opportunities are even greater, and that we are well positioned to make the most of those opportunities. As always, your support of our Company, our brands and our leadership is greatly appreciated. Sincerely, Leonard A. Lauder Chairman LesleyEsteeFinal.indd 5 2/20/2009 11:58:53 PM
  6. 6. ESTEE LAUDER YEAR IN REVIEW 6 FRAGRANCE 2008 Accounts for 18 percent of total net sales • Fragrance sales grew in every region, led by solid gains in Europe, the Middle East & Africa and Asia/ Pacific, as well as a modest increase in the Ameri- cas, resulting in the category growing 9.4 percent to more than $1.4 billion. • Contributing to the fragrance sales growth were hit products such as Sean John Unforgivable Woman, Dreaming Tommy Hilfiger, DKNY Be Delicious, Donna Karan Cashmere Mist and Estée Lauder Pure White Linen Light Breeze. YEAR IN REVIEW MAKEUP Accounts for 38 percent of total net sales • A $3 billion category in fiscal 2008, makeup grew 10.6 percent, driven by solid double-digit sales gains in international markets. • Makeup artist brands M.A.C and Bobbi Brown accounted for nearly two-thirds of the incremental sales. • Incremental sales from the launches of Estée Lauder Signature Hydra Lustre Lipstick and Supermoisture Makeup from Clinique contributed to the sales performance. LesleyEsteeFinal.indd 6 2/20/2009 11:58:54 PM
  7. 7. ESTEE LAUDER YEAR IN REVIEW 7 SKIN CARE Accounts for 38 percent of total net sales • Skin care sales reached $3 billion in fiscal 2008, and delivered our best rate of sales growth at 15.2 percent. • Sales growth was strongest in the Asia/Pacific region, thanks to new skin care and whitening products and higher sales in Greater China. • New products that contributed to growth included Idealist Pore Minimizing Skin Refinisher and Cyber White EX by Estée Lauder and Acne Solutions • Clear Skin System and Redness Solutions from Clinique. La Mer posted double-digit gains, partly due to the success of The Eye Concentrate. HAIR CARE Accounts for 6 percent of total net sales • The 13.3 percent rise in hair care product sales primarily reflected the inclusion of the Ojon wildcrafted beauty brand, and higher sales from Aveda and Bumble and bumble. • Aveda’s net sales benefited from the launches of Smooth Infusion and Aveda Men Pure-Formance products, while Bumble and bumble’s sales were up primarily due to new points of distribution. LesleyEsteeFinal.indd 7 2/20/2009 11:58:54 PM
  8. 8. QUALITY Remains the HALLMARK Of Our Products and Services. LesleyEsteeFinal.indd 8 2/20/2009 11:58:55 PM
  9. 9. ESTEE LAUDER STATEMENT OF EARNINGS 9 CONSOLIDATED STATEMENTS OF EARNINGS YEAR ENDED JUNE 30th 2008 2007 2006 Net Sales $7,910.8 $7,037.5 $6,463.8 Cost of sales 1,996.8 1,774.8 1,686.6 Gross Profit 5,914.0 5,262.7 4,777.2 Operating expenses: Selling, general and administrative 5,102.9 4,511.7 4,065.5 Special charges related to cost savings initiative 0.4 1.1 92.1 Operating Income 5,103.3 4,512.8 4,157.6 Interest expense, net 810.7 749.9 619.6 Earnings before Income Taxes, Minority Interest 66.8 38.9 23.8 Minority Interest and Discontinued Operations 743.9 711.0 595.8 Provision for income taxes 259.9 255.2 259.7 Minority interest, net of tax (10.2) (7.1) (11.6) Net Earnings from Continuing Operations 473.8 448.7 324.5 Discontinued operations, net of tax — 0.5 (80.3) Net Earnings Basic net earnings per common share: $473.8 $449.2 $244.2 Net earnings from continuing operations $2.44 $2.20 $1.51 Discontinued operations, net of tax — .00 (.37) Net earnings Diluted net earnings per common share $2.44 $2.20 $1.14 Net earnings from continuing operations $2.40 $2.16 $1.49 Discontinued operations, net of tax — .00 (.37) Net earnings Weighted average common shares outstanding: Basic $2.40 $2.16 $1.12 Diluted 193.9 204.3 215.0 Cash dividends declared per share 197.1 207.8 217.4 (In millions, except per share data) LesleyEsteeFinal.indd 9 2/20/2009 11:58:55 PM
  10. 10. ESTEE LAUDER BOARD OF DIRECTORS 10 LEONARD A. LAUDE CHARLENE BARSHEFSKY ROSE MARIE BRAVO, CBE Chairman Senior International Partner Former Vice Chairman The Estée Lauder Wilmer Cutler Pickering Burberry Group Plc. Companies Inc. Hale and Dorr LLP ESTÉE LAUDER PAUL J. FRIBOURG MELLODY HOBSON IRVINE O. HOCKADAY, JR. Chairman President Retired President and Chief Executive Officer Ariel Investments, LLC Chief Executive Officer Continental Grain Company Hallmark Cards, Inc. LesleyEsteeFinal.indd 10 2/20/2009 11:58:55 PM
  11. 11. ESTEE LAUDER BOARD OF DIRECTORS 11 AERIN LAUDER RONALD S. LAUDER WILLIAM P. LAUDER Senior Vice President Chairman Chief Executive Officer Creative Director Clinique Laboratories, LLC The Estée Lauder Estée Lauder Companies Inc. BOARD OF DIRECTORS RICHARD D. PARSONS LYNN FORESER-DEOTHSCHILD BARRY S. STERNLICHT Chairman Chief Executive President Time Warner EL Rothschild LLC Chief Executive Officer Starwood Capital Group LesleyEsteeFinal.indd 11 2/20/2009 11:58:56 PM
  12. 12. COMPANIES 767 FIFTH AVENUE NEW YORK, NEW YORK 10153 LesleyEsteeFinal.indd 12 2/20/2009 11:58:56 PM