Aeffe S.p.a. · MIL:AEF
Aeffe — Q1 2023 Earnings Presentation
12 slides from Aeffe's earnings presentation, May 10, 2023
Slide 1: AEFFE Group Q1 Consolidated Results Presentation
AEFFE GROUP Q1 Consolidated Results Presentation 10th May 2023
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: Q1 2023 Financial Highlights
Q1 2023 FIINANCIAL HIGHLIGHTS € 93.2 mln € 101.6 mln € 20.4mln CONSOLIDATED -8.2% CONSOLIDATED € 12.3 mln REVENUES (current ex. rate) ADJUSTED Q1 2022 Q1 2022 (13.2% of sales) -8.4% EBITDA (20.1% of sales) (ex forex) CONSOLIDATED € 4 mln € 14.2 mln GROUP NET ADJUSTED € (0.3) mln € 8.9 mln RESULT EBI
Slide 5: Q1 Financial Highlights
Q1 FINANCIAL HIGHLIGHTS NET SALES BREAKDOWN B Y BU S I N E S S BY CHANNEL FOOTWEAR & RETAIL 26% LEATHER GOODS * (8.4)% 44% WHOLESALE ROYALTIES 2% PRET À PORTER 56% 72% 102 93 BY BRAND BY REGION Usa; 6% Europe; 29% POLLINI 11% Asia & RoW; 19% OTHERS 1% MOSCHINO 74% ALBERTA FERRETTI 8% PHILOSOPHY 6% 2
Slide 6: Q1 Revenues by Business
Q1 REVENUES BY BUSINESS 2022 2023 *(14.2%) 67.7 58.3 PRET A PORTER Q1 *(0.4%) 46.2 46.1 LEATHER GOODS Q1 Euro millions *At constant exchange rates Before inter-divisional eliminations 6
Slide 7: Q1 Revenues by Region
2022 2023 * +0.0% Q1 REVENUES BY REGION 42.8 42.8 ITALY Q1 * (13.1)% 31.6 27.4 EUROPE Q1 * (0.3)% 17.6 17.5 ASIA & ROW Q1 * (45.1)% 9.6 5.5 Euro millions USA *At constant exchange rates Q1 7
Slide 8: Q1 Revenues by Brand
Q1 REVENUES BY BRAND 2022 2023 * (13.4)% 79.0 68.5 Q1 * +3.5% 7.0 7.3 Q1 * +16.9% 5.1 6.0 Q1 * +23.0% 10.4 8.5 Euro millions 8 *At constant exchange rates Q1
Slide 9: Q1 Revenues by Channel
Q1 REVENUES BY CHANNEL 2022 2023 * (14.5)% 78.0 66.9 WHOLESALE Q1 * +22.4% 23.9 19.5 RETAIL Q1 * (39.9)% 4.0 2.4 ROYALTIES Q1 Euro millions 9 * At constant exchange rates
Slide 10: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT (EUR MILLIONS) INCOME STATEMENT Q1 23 Q1 22 Net Sales 93.2 101.6 % change (8.2%) Other Revenues 3.6 2.0 Total Revenues 96.9 103.5 % change (6.4%) Raw Materials Costs (33.0) (35.1) Service Costs (29.7) (27.3) Costs for use of third parties (1.5) (2.1) Personnel (19.5) (1
Slide 11: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (EUR MILLIONS) BALANCE SHEET Q1 23 2022Y Q1 22 Net Working Capital 130.1 113.0 98.7 Net Tangible Assets 60.7 61.3 58.3 Net Intangible Assets 65.1 66.0 67.9 Net Intangible Assets for Rights of use - IFRS 16 108.1 110.6 81.9 Net Financial Assets 0.2 0.2 1.4 Severance Staff,
Slide 12: Consolidated Cash Flow
CONSOLIDATED CASH FLOW (EUR MILLIONS) CASH FLOW Q1 23 2022Y Q1 22 PBT 1.0 (3.8) 13.3 Amortisation / write-downs 8.3 34.3 6.3 Accrual (+)/availment (-) of long term provisions 0.1 (0.3) 0.0 Paid income taxes (2.3) (2.2) (2.6) Financial income (-) and financial charges (+) 2.2 5.0 0.9 Change in operat