Aeffe S.p.a. · MIL:AEF
Aeffe — H1 2024 Earnings Presentation
14 slides from Aeffe's earnings presentation, Aug 1, 2024
Slide 1: AEFFE GROUP H1 24 Consolidated Results Presentation
AEFFE GROUP H1 24 Consolidated Results Presentation 1st Aug 2024
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: H1 Revenues Highlights
H1 REVENUES HIGHLIGHTS NET SALES BREAKDOWN BY BUSINESS BY CHANNEL * (14.6)% FOOTWEAR & LEATHER RETAIL 30% GOODS 38% 163 WHOLESALE ROYALTIES 4% 66% PRET À PORTER 62% 139 BY BRAND BY REGION Asia & RoW 23% Europe 30% POLLINI 11% OTHERS 1% Usa 5% MOSCHINO 75% ALBERTA FERRETTI 7% PHILOSOPHY 6% 2023 2024
Slide 4: H1 Revenues by Brand
* (14.6)% H1 REVENUES BY BRAND 123.1 104.8 2023 2024 * (16.3)% 11.8 9.9 2023 2024 * (6.8)% 8.8 8.2 2023 2024 * (13.6)% 17.2 14.8 Euro millions 2023 2024 4 *At constant exchange rates
Slide 5: Revenues by Brand by Q
2023 2024 REVENUES BY BRAND BY Q 68.5 59.9 54.6 44.9 Q1 Q2 7.3 5.6 4.5 4.2 Q1 Q2 6.0 5.3 2.8 2.8 Q1 Q2 10.4 8.9 6.8 Euro millions 5.9 5 Q1 Q2
Slide 6: H1 Revenues by Business
H1REVENUES BY BUSINESS *(12.5%) 108.8 94.0 PRET A PORTER 2023 2024 *(25.0%) 75.3 56.5 LEATHER GOODS 2023 2024 Euro millions *At constant exchange rates Before inter-divisional eliminations 6
Slide 7: Revenues by Business by Q
REVENUES BY BUSINESS BY Q 2023 2024 58.3 55.2 50.5 38.8 PRET A PORTER Q1 Q2 46.1 33.2 29.2 LEATHER GOODS 23.3 Q1 Q2 Euro millions Before inter-divisional eliminations 7
Slide 8: H1 Revenues by Channel
H1 REVENUES BY CHANNEL * (17.0)% 110.6 91.7 WHOLESALE 2023 2024 * (10.0)% 47.0 41.9 RETAIL 2023 2024 * (6.2)% 5.3 5.0 ROYALTIES 2023 2024 Euro millions 8 * At constant exchange rates
Slide 9: Revenues by Channel by Q
REVENUES BY CHANNEL BY Q 2023 2024 66.9 55.7 43.7 36.0 WHOLESALE Q1 Q2 23.9 22.1 23.1 RETAIL 19.8 Q1 Q2 2.4 2.4 2.9 2.6 ROYALTIES Q1 Q2 Euro millions 9
Slide 10: H1 Revenues by Region
* (15.5)% H1 REVENUES BY REGION 68.2 57.6 ITALY 2023 2024 * (16.2)% 50.2 42.1 EUROPE 2023 2024 * (7.4)% 34.4 31.4 ASIA & ROW 2023 2024 * (25.6)% 10.1 7.5 Euro millions *At constant exchange rates USA 2023 2024 10
Slide 11: Revenues by Region by Q
2023 2024 REVENUES BY REGION BY Q 42.8 35.2 25.4 22.4 ITALY Q1 Q2 27.4 24.0 22.8 18.1 EUROPE Q1 Q2 17.5 17.1 16.8 14.3 ASIA & ROW Q1 Q2 Euro millions 5.5 4.0 4.6 3.6 11 USA Q1 Q2
Slide 12: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT INCOME STATEMENT H1 24 H1 23 (EUR MILLIONS) Net Sales 138.6 162.9 % change (14.9%) Other Revenues 3.3 5.7 Total Revenues 141.9 168.6 % change (15.8%) Raw Materials Costs (56.3) (60.7) Service Costs (45.0) (55.4) Costs for use of third parties (2.7) (3.4) Personnel (35.8
Slide 13: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Jun. 30, Dec. 31, Jun. 30, (EUR MILLIONS) BALANCE SHEET 2024 2023 2023 Net Working Capital 72.3 108.3 116.0 Net Tangible Assets 58.9 60.4 60.3 Net Intangible Assets 61.5 62.9 64.4 Net Intangible Assets for Rights of use - IFRS 16 94.1 102.2 104.7 Net Financial Assets 0.1 0
Slide 14: Consolidated Cash Flow
CONSOLIDATED CASH FLOW (EUR MILLIONS) CASH FLOW H1 24 2023Y H1 23 PBT (22.3) (37.9) (12.8) Amortisation / write-downs 16.2 32.9 16.4 Accrual (+)/availment (-) of long term provisions (0.0) (1.4) 0.1 Paid income taxes (0.6) (2.6) (0.4) Financial income (-) and financial charges (+) 6.5 10.8 4.9 Chang