Aeffe S.p.a. · MIL:AEF
Aeffe — H1 2022 Earnings Presentation
19 slides from Aeffe's earnings presentation, Jul 28, 2022
Slide 1: Consolidated Financial Presentation H1 2022
AEFFE Consolidated Financial PRESENTATION H1 2022 28th July 2022
Slide 2: Share Information and Disclaimer
SHARE INFORMATION AND DISCLAIMER This presentation is being furnished to you solely for your information on a confidential basis and may not be reproduced or redistributed to any other person. This presentation does not constitute or form part of any offer to sell or invitation to purchase or subscr
Slide 3: Aeffe Group 2022
AEFFE GROUP 2022 PHILOSOPHY ALBERTA FERRETTI MOSCHINO. "vite por PoLLiNI 4 € 176.5 MLN MAISONS REVENUE oe ee 1,325 69 EMPLOYEES COUNTRIES 4 COMPANIES Le
Slide 4: Organization Structure & Ownership
ORGANIZATION STRUCTURE & OWNERSHIP AEFFE GROUP AEFFE (Holding) MOSCHINO VELMAR POLLINI Massimo Ferretti Stefano Secchi Luca Gori Marco Piazzi Chairman Managing Director Managing Director Managing Director Simone Badioli Chief Executive Officer Giancarlo Galeone Executive Director 4
Slide 5: Brand Personality
BRAND PERSONALITY FEMININE IRONIC CONTEMPORARY INNOVATIVE ELEGANT GLAMOROUS GLAMOUR HIGH QUALITY 5
Slide 6: Key Figures H1
KEY FIGURES H1 € 176.5 mln € 20.9 mln € 20.1 mln CONSOLIDATED +13.9% CONSOLIDATED +4% vs 2021 2021 H1 REVENUES (current ex. rate) EBITDA +13.2% (12% of sales) (13% of sales) (ex forex) GROUP NET € 2.9 mln € 13.3 mln RESULT NET PROFIT NET PROFIT 2021 H1 CONSOLIDATED € 182.9 mln € 127.2 mln FINANCIAL
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS NET SALES BREAKDOWN B Y BU S I N E S S BY REGION * +13.2 % ASIA & ROW 18% FOOTWEAR & EUROPE 34% LEATHER GOODS 40% USA 8% 177 PRET À PORTER 60% ITALY 40% BY BRAND BY CHANNEL 155 POLLINI 9% RETAIL 22% OTHERS 2% MOSCHINO 79% WHOLESALE ROYALTIES 4% ALBERTA FERRETTI 6% 74% PHILOSOPHY
Slide 8: Revenues by Business
REVENUES BY BUSINESS * +13.7 % 120.2 104.9 2021 1H 2022 1H PRET A PORTER * +17.6 % 80.2 68.2 LEATHER GOODS 2021 1H 2022 1H Euro millions *At constant exchange rates Before inter-divisional eliminations 8
Slide 9: Revenues by Business (Quarterly)
REVENUES BY BUSINESS +28.5 % +0 ,5% 2021 2022 67.7 52.7 52.2 52.5 PRET A PORTER Q1 Q2 28.7 % 5.2 % 46.2 35.9 34.0 32.3 LEATHER GOODS Q1 Q2 Euro millions Before inter-divisional eliminations 9
Slide 10: Revenues by Region
* +21.5 % REVENUES BY REGION 71.3 58.7 ITALY 2021 2022 * +15.8 % 59.3 51.2 EUROPE 2021 1H 2022 1H * - 9.6 % 34.9 31.5 ASIA & ROW 2021 1H 2022 1H * +30.8 % USA 10.3 14.3 Euro millions 2021 1H 2022 1H *A costant exchange rates 10
Slide 11: Revenues by Region (Quarterly)
+24.5 % +17.3 % REVENUES BY REGION 2021 2022 42.7 34.3 28.6 24.4 ITALY Q1 Q2 +38.0 % -2.0 % 31.6 28.3 27.7 22.9 EUROPE Q1 Q2 -1,7 % -17.7 % 17.8 17.5 17.1 ASIA & ROW 14.0 Q1 Q2 +88,2 % -8,5 % 9.6 5.1 5.2 4.7 USA Q1 Q2 Euro millions 11
Slide 12: Revenues by Brand
REVENUES BY BRAND * +44 % 10.8 7.4 2021 2022 7.2 7.2 2021 2022 * +8.1 % 139.5 128.3 2021 2022 * +47.7 % 16.5 11.2 Euro millions *A costant exchange rates 2021 2022 12
Slide 13: Revenues by Brand (Quarterly)
REVENUES BY BRAND 2021 2022 +62.8 % +20.9 % 7.0 4.3 3.8 3.1 Q1 Q2 +18.6 % -25.9 % 5.1 4.3 2.9 2.1 Q1 Q2 +20.8 % -3.9 % 79.0 65.4 62.9 60.5 Q1 Q2 +42.4 % +54,0% 8.4 8.1 5.9 5.3 Euro millions 13 Q1 Q2
Slide 14: Revenues by Channel
REVENUES BY CHANNEL * +6,5% 129.7 WHOLESALE 121.0 2021 2022 * +40.7 % 39.5 RETAIL 27.9 2021 1H 2022 1H * +21.5 % 7.3 6.0 ROYALTIES 2021 1H 2022 1H Euro millions * A costant exchange rates 14
Slide 15: Revenues by Channel (Quarterly)
+20,0 % -7,8% REVENUES BY CHANNEL 2021 2022 78.0 65.0 56.0 51.7 WHOLESALE Q1 Q2 +63,6 % +24,3% 19.8 19.7 15.8 12.1 RETAIL Q1 Q2 +30 % +13,1% 3.9 3.4 3.0 3.0 ROYALTIES Q1 Q2 Euro millions 15
Slide 16: Highlights
HIGHLIGHTS CONSOLIDATED REVENUES +13.9% at current exchange rates at € 176.5 mln (+13.2% ex forex at € 175.5 mln) CONSOLIDATED EBITDA +4% at € 20.9 mln (12% of sales) compared to an EBITDA of € 20.1 mln (13% of sales) in 2021 NET RESULT Consolidated NET PROFIT amounted to € 2.9 million compared to €
Slide 17: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT INCOME STATEMENT 1H 22 1H 21 Net Sales 176,5 155,0 % change 13,9% Other Revenues 4,2 3,4 Total Revenues 180,7 158,4 % change 14,1% Raw Materials Costs (65,5) (60,7) Service Costs (53,2) (44,0) Costs for use of third parties (4,0) (1,5) Personnel (34,4) (30,6) Other Oper
Slide 18: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET BALANCE SHEET 1H 22 2021Y 1H 21 Net Working Capital 94,9 79,8 99,1 Net Tangible Assets 60,0 58,8 60,2 Net Intangible Assets 67,6 68,9 70,7 Net Intangible Assets for Rights of use - IFRS 16 86,2 86,0 93,0 Net Financial Assets 2,4 1,6 2,2 Severance Staff, Provisions & Others
Slide 19: Consolidated Cash Flow
CONSOLIDATED CASH FLOW CASH FLOW 1H 22 2021Y 1H 21 PBT 5,7 6,3 6,3 Amortisation / write-downs 13,9 26,2 12,4 Accrual (+)/availment (-) of long term provisions (0,0) (0,2) (0,3) Paid income taxes (2,5) (1,4) (0,9) Financial income (-) and financial charges (+) 1,3 2,9 1,3 Change in operating assets a