Moncler Spa · MIL:MONC
Moncler Spa — H1 2017 Earnings Presentation
20 slides from Moncler Spa's earnings presentation, 2017
Slide 1: H1 2017 Financial Results
H1 2017 Financial Results
Slide 2: Heritage, Quality, Passion and Innovation
HERITAGE, QUALITY, PASSION AND INNOVATION ans y | il S| ON CLIENT Focy AND ONIA QUALITY STORE NETWORK CATEGORIES
Slide 3: CEO quote on first half achievements
3 “I am proud of what we achieved in the first half of this year which, once again, confirms the strength of our brand and the solidity of our strategy”
Slide 4: SS 2017 collections highly regarded
4 “SS 2017 collections have been highly regarded with knitwear and shoes outperforming. We are also happy with the initial appreciation of FW 2017 collections”
Slide 5: A new retail culture embedded across Moncler
5 “A new retail culture is now embedded and visible across Moncler not only in our stores but in the whole organisation”
Slide 6: H1 2017 Results Highlights
H1 2017 RESULTS HIGHLIGHTS (*) 6
Slide 7: Revenue Breakdown by Region
REVENUE BREAKDOWN BY REGION 7 REVENUE ANALYSIS (Eur M) YoY Growth YoY Growth Reported Const. FX 407.6 +18% +17% 346.5
Slide 8: Revenue Breakdown by Distribution Channel
REVENUE BREAKDOWN BY DISTRIBUTION CHANNEL 8 REVENUE ANALYSIS (Eur M) YoY Growth YoY Growth Reported Const. FX 407.6 +18% +17% 346.5
Slide 9: Monobrand Stores Network
fe MONOBRAND STORES NETWORK Moncler’s retail network had 191 mono- brand stores at 30 June 2017 £2 Some 14 net new openings expected in 2017, largely weighted toward H2, alongside several important relocations and expansions, including Milano - Montenapoleone and HK - Harbour City £3 1 wholesale mon
Slide 10: Harbour City
— HARBOUR CITY 12) z oO x oO z 12) =
Slide 11: Income Statement
fe INCOME STATEMENT H1 2017 H1 2016 FY 2016 Eur m % Eur m % Eur m % Revenues 407.6 100.0% 346.5 100.0% 1,040.3 100.0% YoY growth +18% +17% +18% Cost of sales (99.3) (24.4%) (89.7) (25.9%) (252.3) (24.3%) Gross margin 308.3 75.6% 256.8 74.1% 788.0 75.7% Selling expenses (154.0) (37.8%) (128.9) (37.2%
Slide 12: Net Capex
NET CAPEX 12 NET CAPEX ANALYSIS (Eur M)
Slide 13: Net Working Capital
NET WORKING CAPITAL 13 NET WORKING CAPITAL ANALYSIS (Eur M)
Slide 14: Net Financial Position
NET FINANCIAL POSITION 14 NET FINANCIAL POSITION ANALYSIS (Eur M)
Slide 15: Balance Sheet Statement
fe BALANCE SHEET STATEMENT 15 30/06/2017 31/12/2016 30/06/2016 Eurm Eurm Eurm Intangible Assets 428.2 422.5 421.7 Tangible Assets 124.3 123.9 113.6 Other Non-current Assets/(Liabilities) 24.0 16.4 19.9 Total Non-current Assets 576.5 562.8 555.2 Net Working Capital 64.4 108.1 79.0 Other Current Asset
Slide 16: Cash Flow Statement
fe CASH FLOW STATEMENT 16 H1 2017 H1 2016 FY 2016 Eurm Eurm Eurm EBITDA Adjusted 97.0 78.3 355.1 Change in Net Working Capital 43.7 31.8 2.7 Change in other curr./non-curr. assets/(liabilities) (45.4) (48.1) 16.5 Capex, net (34.4) (28.9) (62.3) Operating Cash Flow 60.9 33.1 312.0 Net financial resul
Slide 17: Appendix
17 Appendix
Slide 18: Quarterly Revenue Breakdown by Region and Channel
2017 18 QUARTERLY REVENUE BREAKDOWN BY REGION AND CHANNEL Q1 YoY growth Q2 YoY growth H1 YoY growth Eur m 2017 2016 Rep. ex FX 2017 2016 Rep. ex FX 2017 2016 Rep. ex FX Q1 YoY growth Q2 YoY growth H1 YoY growth Eur m 2017 2016 Rep. ex FX 2017 2016 Rep. ex FX 2017 2016 Rep. ex FX
Slide 19: Shareholding Structure, Upcoming Events, IR Contacts
SHAREHOLDING STRUCTURE, UPCOMING EVENTS, IR CONTACTS 19 SHAREHOLDING * • • •
Slide 20: Disclaimer
fe DISCLAIMER 20 This presentation is being furnished to you solely for your information and may not be reproduced or redistributed to any other person. This presentation might contain certain forward-looking statements that reflect the Company’s management's current views with respect to future eve