Aeffe S.p.a. · MIL:AEF
Aeffe — Q1 2020 Earnings Presentation
14 slides from Aeffe's earnings presentation, May 13, 2020
Slide 1: First Quarter 2020 Consolidated Financial Results Presentation
AEFFE First Quarter 2020 Consolidated Financial Results Presentation 13th May 2020
Slide 2: 1Q 2020 Key Facts
1Q 2020 Key Facts Consolidated Revenues at € 76.2m (-25.4% at current exchange rates); Consolidated EBITDA for € 8.6m (11.3% of sales), compared to an EBITDA of € 26.6m (26.0% of sales) in 1Q 2019, with a € 18m decrease Net Profit for the Group at 4 thousands of Euro, compared to a Net Profit
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1Q 2020 1Q 2019 (€m) (€m) % on Total Sales % on Total Sales 80 80 77,9 Footwear & Leather Footwear Goods 30% 36% & Leather Goods 54,4 64% 70% 60 Prêt à 60 Prêt à (30% )* vs 1Q 2019 porter porter 40 40 30,7 33.3 (7.9%) * vs 1Q 2019 20 20 0 0 Prêt à porter Footwear &
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1Q 2020 1Q 2019 (€m) (€m) % on Total Sales % on Total Sales 80 80 12% Pollini 71,4 Philosophy di 10% Lorenzo Serafini 10% 6% 6% Others 74% 3% 3% 70% 56,2 Alberta 60 (21.3%) * 7% 60 11% Ferretti Moschino 40 40 20 20 7,9 11,0 10,4 5,4 4,3 (24.2%) * 6,6 (51.1%) * (35.3%) *
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1Q 2020 1Q 2019 (€m) (€m) % on Total Sales % on Total Sales Asia & Asia & RoW 46,1 RoW Europe Europe 20% 23% 27% 27% 5% America 5% America 36,5 40,0 40,0 48% 45% (21.0%) * Italy (1) Italy (1) 27,8 23,2 20,7 (10.7%)* 20,0 20,0 15,4 (44.2%) * 3,6 5,1 (31.4%) * 0,0 0,0 Ita
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1Q 2020 1Q 2019 (€m) (€m) % on Total Sales % on Total Sales 80 80 Retail 75,7 Retail 23% 23% 4% Royalties 3% Royalties 73% 74% 55,6 60 60 (26.6%) * Wholesale Wholesale 40 40 17,9 23,3 20 (23.2%) * 20 2,7 (16.1%) * 3,2 0 0 Wholesale Retail Royalties Wholesale Retail Roy
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 1Q20 FY19 Europe 42 42 America 2 3 Asia 16 16 Total 60 61 Franchising 1Q20 FY19 Europe 39 40 America 1 1 Asia 120 122 Total 160 163 7
Slide 8: Income Statement – 1Q 2020/2019
Income Statement – 1Q 2020/2019 1Q 20 1Q 19 (€m) Net Sales 76,2 102,2 % change (25,4%) Other Revenues 2,7 2,8 Total Revenues 78,9 105,0 % change (24,8%) Raw Materials Costs (23,4) (30,1) Service Costs (26,3) (27,7) Costs for use of third parties (1,8) (2,0) Personnel (17,3) (17,8) Other Operating Ex
Slide 9: Summary Balance Sheet
Summary Balance Sheet 1Q 20 FY 19 1Q 19 Net Working Capital 125,7 107,2 104,0 (€m) Net Tangible Assets 63,4 62,8 60,1 Net Intangible Assets 75,1 76,1 78,7 Net Intangible Assets for Rights of use 106,3 110,7 131,5 Net Financial Assets 2,9 2,9 2,9 Severance Staff, Provisions & Others (20,3) (20,3) (22
Slide 10: Summary Cash Flow
Summary Cash Flow 1Q 20 FY 19 1Q 19 (€m) Net Working Capital 125,7 107,2 104,0 Net Tangible Assets 63,4 62,8 60,1 Net Intangible Assets 75,1 76,1 78,7 Net Intangible Assets for Rights of use 106,3 110,7 131,5 Net Financial Assets 2,9 2,9 2,9 Severance Staff, Provisions & Others (20,3) (20,3) (22,1)
Slide 11: Appendices
ALBERTA FERRETTI
Slide 12: Income Statement – Full Year 2017-2019
Income Statement – Full Year 2017-2019 (€m) FY 19 net of IFRS 16 effects 2018A 2017A Net Sales 351,4 346,6 312,6 % change 1,7% 10,9% 11,4% Other Rev enues 10,1 5,4 3,8 Total Revenues 361,5 352,0 316,4 % change 2,8% 11,2% 10,1% Raw Materials Costs (115,3) (110,3) (96,1) Serv ice Costs (108,3) (100,6)
Slide 13: Company Profile
Company Profile Organisational Structure Ownership Structure AEFFE FASHION GROUP IM Fashion Chairman: Massimo Ferretti 24% Chief Executive Officer Simone Badioli Managing Director Marcello Tassinari Investor Relation Communication and Manager Marketing Annalisa Aldrovandi Market Aeffe 33% 6% Chief I
Slide 14: Disclaimer
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 subscribe for, or otherwise