76 ANNUAL REview <strong>2012</strong> 2000-<strong>2012</strong> EVOLUTION OF NUMBER OF STORES At December 31, 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 1Q12 2Q12 3Q12 <strong>2012</strong> LensCrafters 864 868 882 877 888 894 902 951 966 955 964 983 975 973 968 968 Pearle Vision - - - - 843 837 840 880 809 764 726 662 649 643 631 622 Licensed brands - - - - 1,327 1,349 1,358 1,338 1,204 1,203 1,146 1,132 1,116 1,115 1,106 1,106 Sears Optical - - - - 934 960 941 886 879 866 824 802 786 785 776 775 Target Optical - - - - 255 246 264 296 325 337 322 330 330 330 330 331 BJ’s Optical - - - - 138 143 153 156 - - - - - - - - The Optical Shop of Aspen - - - - - - - 21 24 23 24 22 21 20 18 18 Oliver Peoples - - - - - - - 5 6 7 7 8 8 8 8 8 Sun North America - 1,694 1,663 1,633 1,584 1,556 1,502 1,749 1,719 1,659 1,814 1,981 1,954 1,946 1,948 1,948 (of which Ilori) - - - - - - - 6 16 25 24 22 22 21 22 21 Oakley Stores and Vaults - - - - - - - 81 98 112 122 136 137 139 143 148 NORTH AMERICA 864 2,562 2,545 2,510 4,642 4,636 4,602 5,025 4,826 4,723 4,803 4,924 4,860 4,844 4,822 4,818 Prescription Australia & New Zealand - - - 524 519 511 527 552 540 536 599 572 551 519 478 467 Sunglass Hut - 161 160 173 164 182 224 219 210 272 291 294 289 291 291 304 Bright Eyes - - - - - - - 140 141 139 127 96 90 83 80 79 Oakley Stores and Vaults - - - - - - - 15 16 16 21 23 22 22 23 24 ASIA-PACIFIC - 161 160 697 683 693 751 926 907 963 1,038 985 952 1,005 983 834 David Clulow - - - - - - - - 64 73 76 84 84 82 82 83 Sunglass Hut - 89 91 99 110 109 92 87 82 66 65 71 86 85 210 212 Oakley Stores and Vaults - - - - - - - 12 15 20 20 18 18 18 17 17 EUROPE - 89 91 99 110 109 92 99 161 159 161 173 172 171 309 312 CHINA - - - 76 74 65 274 255 244 248 196 227 220 211 208 217 SOUTH AFRICA - - - - - - - 70 70 80 116 125 125 120 120 120 AFRICA & MIDDLE-EAST - - - - - - - 24 39 34 29 28 29 30 31 35 CENTRAL & SOUTH AMERICA - - - - - - - 8 8 10 7 580 646 656 665 584 TOTAL GROUP 864 2,812 2,796 3,382 5,509 5,503 5,719 6,407 6,255 6,217 6,350 7,042 7,020 6,961 7,027 6,960
Other information 77 share Capital and dividend per share Number of shares (a) authorized and issued as of December 31 Adjusted number of shares (a) authorized and issued as of December 31 (b) Gross dividend per ordinary shares (or ADS) - Euro (c) 1990 45,050,000 450,500,000 0.025 1991 45,050,000 450,500,000 0.028 1992 45,050,000 450,500,000 0.031 1993 45,050,000 450,500,000 0.037 1994 45,050,000 450,500,000 0.041 1995 45,050,000 450,500,000 0.045 1996 45,050,000 450,500,000 0.052 1997 45,050,000 450,500,000 0.063 1998 (b) 225,250,000 450,500,000 0.074 1999 225,269,800 450,539,600 0.085 2000 (b) 451,582,300 451,582,300 0.140 2001 452,865,817 452,865,817 0.170 2002 454,263,600 454,263,600 0.210 2003 454,477,033 454,477,033 0.210 2004 455,205,473 455,205,473 0.230 2005 457,975,723 457,975,723 0.290 2006 460,216,248 460,216,248 0.420 2007 462,623,620 462,623,620 0.490 2008 463,368,233 463,368,233 0.220 2009 464,386,383 464,386,383 0.350 2010 466,077,210 466,077,210 0.440 2011 467,335,177 467,335,177 0.490 <strong>2012</strong> 473,238,197 473,238,197 0.580 (d) (a) 1 ADS = 1 ordinary share. (b) Figures until 1999 have been retroactively adjusted to reflect the five-for-one stock split which was effective April 16, 1998, and the two-for-one stock split which was effective June 26, 2000. (c) Figures through 1999 have been calculated converting the dividend in Italian Lira by the fixed rate of Lire 1,936.27 = Euro 1.00. Beginning with the 2000 financial statements, the dividend is declared in Euro. (d) Proposed by the Board of Directors and to be submitted for approval at the <strong>Annual</strong> Stockholders’ Meeting on April 29, 2013. (1) Comparable store sales reflects the change in sales from one period to another that, for comparison purposes, includes in the calculation only stores open in the more recent period that also were open during the comparable prior period, and applies to both periods the average exchange rate for the prior period and the same geographic area. (2) EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted operating income/profit, adjusted operating margin, free cash flow, net debt, adjusted net debt/EBITDA ratio, adjusted net income and adjusted EPS are not measures in accordance with IAS/IFRS. For additional disclosure see the press release titled “<strong>Luxottica</strong> completes <strong>2012</strong> with record results” dated February 28, 2013 available on www.luxottica.com. The adjusted data for <strong>2012</strong> does not include the following items: (i) non-recurring costs relating to reorganization of the Australian retail business amounting to a Euro 22 million adjustment to Group operating income and a Euro 15 million adjustment to Group net income and (ii) a non-recurring accrual relating to <strong>Luxottica</strong> S.r.l. open tax audits for the 2007 tax year in the amount of Euro 10 million. The adjusted data for 2011 does not include the following items: (i) an extraordinary gain of approximately Euro 19 million related to the acquisition in 2009 of a 40% stake in Multiopticas Internacional, (ii) non-recurring costs related to <strong>Luxottica</strong>’s 50th anniversary celebrations of approximately Euro 12 million, (iii) non-recurring restructuring costs in the retail division of approximately Euro 11 million; and (iv) non-recurring reorganization costs for <strong>Luxottica</strong>’s OPSM business of approximately Euro 10 million. (3) Figures given at constant exchange rates have been calculated using the average exchange rate of the respective comparative period in the previous year. Please refer to the “Major currencies” table in the press release titled “<strong>Luxottica</strong> completes <strong>2012</strong> with record results” dated February 28, 2013 available on www.luxottica.com. Notes