Aeffe S.p.a. · MIL:AEF
Aeffe — 9M 2022 Earnings Presentation
18 slides from Aeffe's earnings presentation, Nov 10, 2022
Slide 1: Aeffe Group 9M Consolidated Financial Presentation
AEFFE GROUP 9M Consolidated Financial Presentation 10th November 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: Brand Personality
BRAND PERSONALITY FEMININE IRONIC CONTEMPORARY INNOVATIVE ELEGANT GLAMOROUS GLAMOUR HIGH QUALITY 3
Slide 4: 9M 2022 Financial Highlights
9M 2022 FIINANCIAL HIGHLIGHTS € 277.1 mln € 250.0 mln € 37.0 mln € 36.0 mln CONSOLIDATED +10.8% CONSOLIDATED REVENUES EBITDA +3% vs 2021 9M 2021 (current ex. rate) 9M 2021 +10.0% (13% of sales) (14% of sales) (ex forex) Consolidated NET PROFIT amounted to € 4.7 million compared to € € 23.2 mln 23.2
Slide 5: 9M Financial Highlights
9M FINANCIAL HIGHLIGHTS NET SALES BREAKDOWN B Y BU S I N E S S BY CHANNEL * +10% FOOTWEAR & RETAIL 24% LEATHER GOODS 41% 277 WHOLESALE ROYALTIES 4% PRET À PORTER 59% 72% 250 BY BRAND BY REGION Usa; 7% Europe; 33% POLLINI 10% Asia & RoW; OTHERS 1% 18% MOSCHINO 78% ALBERTA FERRETTI 6% PHILOSOPHY 5% 20
Slide 6: 9M Revenues by Business
9M REVENUES BY BUSINESS * +8.6% 183,1 166,8 PRET A PORTER 2021 2022 * +17.2% 128,9 109,9 LEATHER GOODS 2021 2022 Euro millions *At constant exchange rates Before inter-divisional eliminations 6
Slide 7: Revenues by Business by Q
REVENUES BY BUSINESS BY Q 2021 2022 67,7 61,9 62,9 52,7 52,2 52,5 PRET A PORTER Q1 Q2 Q3 46,2 48,7 41,7 35,9 34,0 32,3 LEATHER GOODS Q1 Q2 Q3 Euro millions Before inter-divisional eliminations 7
Slide 8: 9M Revenues by Region
* +13.1 % 9M REVENUES BY REGION 116,1 102,6 ITALY 2021 2022 * +13.5 % 91,7 80,7 EUROPE 2021 2022 * -3.0 % 50,1 49,1 ASIA & ROW 2021 2022 * +13 % 16,6 20,3 Euro millions USA 8 *A costant exchange rates 2021 2022
Slide 9: Revenues by Region by Q
REVENUES BY REGION BY Q 2021 2022 42,7 43,9 44,8 34,3 28,6 24,4 ITALY Q1 Q2 Q3 31,6 32,3 28,3 27,7 29,5 22,9 EUROPE Q1 Q2 Q3 17,8 17,5 17,1 17,5 14,0 15,3 ASIA & ROW Q1 Q2 Q3 9,6 5,1 5,2 4,7 6,3 6,0 Euro millions USA Q1 Q2 Q3 9
Slide 10: 9M Revenues by Brand
* +7.0 % 9M REVENUES BY BRAND 199,9 215,5 2021 2022 * +27.2 % 13,7 17,6 2021 2022 * +9.3 % 12,1 13,4 2021 2022 * +26.1 % 27,2 21,6 Euro millions 2021 2022 10 *A costant exchange rates
Slide 11: Revenues by Brand by Q
REVENUES BY BRAND BY Q 2021 2022 79,0 76,1 71,5 65,4 62,9 60,5 Q1 Q2 Q3 4,3 7,0 6,9 3,1 3,8 6,3 Q1 Q2 Q3 4,3 5,1 5,0 6,2 2,9 2,1 Q1 Q2 Q3 10,4 10,7 5,9 5,3 8,1 8,4 Euro millions 11 Q1 Q2 Q3
Slide 12: 9M Revenues by Channel
9M REVENUES BY CHANNEL * +4.9 % 189,4 200,1 WHOLESALE 2021 2022 * +28.2 % 65,8 50,8 RETAIL 2021 2022 * +14.6 % 9,8 11,2 ROYALTIES 2021 2022 Euro millions 12 * A costant exchange rates
Slide 13: Revenues by Channel by Q
REVENUES BY CHANNEL BY Q 2021 2022 78,0 68,4 70,4 65,0 56,0 51,7 Royalties WHOLESALE Q1 Q2 Q3 26,3 22,9 19,8 19,7 15,8 RETAIL 12,1 Q1 Q2 Q3 3,0 3,9 3,0 3,4 3,7 3,9 ROYALTIES Q1 Q2 Q3 Euro millions 13
Slide 14: Brand Moschino Growth Path
BRAND MOSCHINO GROWTH PATH Aeffe SpA acquires the minority stake (30%) in Moschino S.p.A. JULY 2021 Moschino opens its first 21 store in China: a new Retail Project for the brand JUNE 2022 New Moschino concept store opens in Via Spiga 26, Milan - Italy SEPT 2022 Moschino and Altana signed an agreeme
Slide 15: Sustainability Effort for a Sustainable Future
SUSTAINABILITY EFFORT FOR A SUSTAINABLE FUTURE AEFFE ENVIRONMENT AEFFE PEOPLE & KNOW HOW AEFFE GOVERNANCE • Photovoltaic System in the two • Focus on the entire Supply Chain main facilities of the group with a • Continuous investments in optimization with strong digitization and tech infrastructure
Slide 16: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT (EUR MILLIONS) INCOME STATEMENT 9M 22 9M 21 Net Sales 277,1 250,0 % change 10,8% Other Revenues 7,3 4,6 Total Revenues 284,4 254,6 % change 11,7% Raw Materials Costs (103,6) (98,8) Service Costs (80,7) (67,4) Costs for use of third parties (6,4) (3,7) Personnel (52,1) (
Slide 17: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (EUR MILLIONS) BALANCE SHEET 9M22 2021Y 9M 21 Net Working Capital 127,1 79,8 54,1 Net Tangible Assets 61,0 58,8 59,5 Net Intangible Assets 67,0 68,9 69,8 Net Intangible Assets for Rights of use - IFRS 16 93,6 86,0 89,4 Net Financial Assets 3,0 1,6 2,2 Severance Staff, Prov
Slide 18: Consolidated Cash Flow
CONSOLIDATED CASH FLOW CASH FLOW 9M 22 2021Y 9M 21 (EUR MILLIONS) PBT 10,9 6,3 15,5 Amortisation / write-downs 22,9 26,2 18,6 Accrual (+)/availment (-) of long term provisions 0,1 (0,2) (0,4) Paid income taxes (5,2) (1,4) (0,8) Financial income (-) and financial charges (+) 3,2 2,9 2,0 Change in ope