Aeffe S.p.a. · MIL:AEF
Aeffe — 9M 2010 Earnings Presentation
15 slides from Aeffe's earnings presentation, Nov 10, 2010
Slide 1: Nine months 2010 Results Presentation
Nine months 2010 Results Presentation 10, November 2010
Slide 2: 9M 2010 Key Facts
9M 2010 Key Facts Consolidated Revenues -1.4% at € 173.2m, (-2.7% at constant exchange rates) Consolidated EBITDA positive for € 5.9m Consolidated Net Loss at € 5m Consolidated Net Financial Debt of € 104.2m (€ 87.7m as of 31 December 2009) 245 Mono Brand Stores (vs. 227 at the end of 2009) 2
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 9M 2010 9M 2009 (€m) (€m) % on Total Sales % on Total Sales 160 160 Footw ear Footwear -2.1% * vs 9M 2009 & Leather & Leather Goods Goods 22% 140 21% 140 79% 78% 120 Prêt à 120 Prêt à 53,5 porter 57,3 porter 100 100 80 80 32,3 34,6 60 60 -6.1% * vs 9M 2009 40 40 13
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 9M 2010 9M 2009 (€m) (€m) % on Total Sales % on Total Sales 100 2.9% * 100 Pollini Pollini 90 13% 90 15% J.P. J.P. Gaultier Moschino 6% Gaultier 7% 56% 4% Others Moschino 3% 80 80 53% Others 37,5 21% 33,9 22% Alberta Alberta 70 Ferretti 70 Ferretti 60 60 50 50 25,2 23,0
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 9M 2010 9M 2009 (€m) (€m) % on Total Sales % on Total Sales 80 Russia USA 80 Russia USA Japan Japan 1.4%* 6% 9% 7% 8% 8% 8% Europe Europe 70 70 RoW 22% 12% RoW 22% 14% 60 29,5 43% 60 26,1 41% Italy Italy 50 50 40 (4.1%)* 40 16,5 17,9 15,1 30 15,3 30 (17.9%)* 20 20 7,8 9
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 9M 2010 9M 2009 (€m) (€m) % on Total Sales % on Total Sales 140 Retail 140 Retail 30% 25% 120 Royalties 120 Royalties (7.1%)* 7% 8% 63% 67% 100 100 Wholesale 44,1 Wholesale 46,6 80 80 20,1 60 11.1%* 60 21,6 40 19,5 40 16,1 53,1 16,2 14,4 20 41,6 (10.7%)* 20 4,2 4,4 15,
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 9M10 FY09 Europe 43 38 USA 3 3 Asia 40 38 Total 86 79 Franchising 9M10 FY09 Europe 54 52 USA 7 7 Asia 98 89 Total 159 148 7
Slide 8: Income Statement – 9M 2010/2009
Income Statement – 9M 2010/2009 (€m) 9M 10 9M 09 Net Sales 173,3 175,689 % change (1,4%) Other Revenues 3,3 4,3 Total Revenues 176,6 180,0 % change (1,9%) Raw Materials Costs (51,2) (57,3) Service Costs (54,2) (62,3) Costs for use of third parties (16,1) (14,7) Personnel (46,1) (48,0) Other Operatin
Slide 9: Summary Balance Sheet
Summary Balance Sheet (€m) 9M 10 FY 09 9M 09 Net Working Capital 82,9 67,8 84,3 Net Tangible Assets 76,2 76,6 77,1 Net Intangible Assets 158,3 157,0 166,8 Net Financial Assets 3,0 2,8 2,5 Severance Staff, Provisions & Others (51,6) (46,0) (55,9) Net Capital Employed 268,7 258,2 274,8 Group Sharehold
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 9M 10 FY 09 9M 09 PBT (5,3) (30,8) (16,8) Operating Cash Flow (11,0) (10,6) (19,0) Capital Expenditure (4,1) (4,2) (4,2) Free Cash Flow (15,1) (14,8) (23,2) Cash Flows from Financing Activities 14,5 12,5 22,6 Cash and cash equivalents at the beginning of the year 5,3 7,7 7,7 C
Slide 11: Appendices
La Appendices
Slide 12: Company Profile
Company Profile (1) Organisational Structure Ownership Structure Aeffe Fashion Group Chairman: Massimo Ferretti CEO: Simone Badioli IM Fashion Chief Executive Tullio Officer 24% Simone Badioli Badioli 5% General Manager/CFO Mediobanca Marcello Tassinari 2% Aeffe 5% Investor Relation Communication an
Slide 13: Cash Flow Statement
Cash Flow Statement (€m) 9M 10 FY 09 9M 09 PBT (5,3) (30,8) (16,8) Depreciation & Amortisation 10,2 13,6 7,9 Provisions & Impairments (0,5) (1,0) (1,1) Taxes (1,6) (1,8) (2,1) Net Interest 1,1 3,7 3,0 Change in other liabilities / (assets) (14,9) 5,7 (9,9) Operating Cash Flow (11,0) (10,6) (19,0) Ca
Slide 14: Income Statement – Full Year 2007-2009
Income Statement – Full Year 2007-2009 (€m) 2009A 2008A 2007A Net Sales 217,04 294,7 293,2 % change (26,3%) 0,5% 10,2% Other Revenues 5,9 6,05 3,5 Non-Recurring Revenues - 2,2 Total Revenues 222,9 300,7 298,9 % change (26,1%) 0,6% 8,7% Raw Materials Costs (69,6) (79,2) 80,9 Service Costs (79,5) (103
Slide 15: Important Information
Important Information The information provided in this presentation is being furnished to you solely for your information on a confidential basis. Neither this document nor any copy thereof may be reproduced or redistributed. Persons into whose possession the content of this presentation come should