Aeffe S.p.a. · MIL:AEF
Aeffe — H1 2014 Earnings Presentation
15 slides from Aeffe's earnings presentation, Jul 28, 2014
Slide 1: AEFFE First Half 2014 Results Presentation
AEFFE First Half 2014 Results Presentation 28, July 2014
Slide 2: 1H 2014 Key Facts
1H 2014 Key Facts Consolidated Revenues -1.5% at € 121.1m, (-1.4% at constant exchange rates); consolidated sales would have increased by 7.1% at constant exchange rates, net of the effects of already terminated licenses and of the reorganization of the distribution in Japan Consolidated EBITDA for
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1H 2014 1H 2013 (€m) (€m) 94.8 % on Total Sales % on Total Sales -2.9% * vs 1H 2013 100 97.8 100 +8.0% ** vs 1H 2013 Footwear & Leather Footwear Goods 90 90 26% 28% & Leather Goods 80 80 72% 40,9 74% Prêt à Prêt à 42,1 porter porter 70 70 60 60 50 37.7 50 +12% * vs
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1H 2014 1H 2013 75.3 (€m) +3.0% * (€m) +9.3% ** % on Total Sales 73.2 % on Total Sales 70 70 Pollini Pollini 12% J.P. 13% Gaultier 60 60 3% Others 36,3 Moschino 62% 9% 32,4 8% Others Moschino 60% 16% Alberta 17% 50 Ferretti 50 Alberta and Ferretti Philosopy 40 40 30 30 1
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1H 2014 1H 2013 (€m) 52.9 (€m) % on Total Sales % on Total Sales +0.3% * 52.8 50 50 Russia USA Russia USA Japan Japan 8% 6% 3% 8% 6% 8% 45 45 23% 16% 20% 15% Europe RoW Europe RoW 24,0 23,6 40 40 44% 43% 35 Italy 35 Italy 28.4 30 +17.5%* 30 25 24.0 25 19.9 11,5 +6.7% *
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1H 2014 1H 2013 79.3 (€m) +3.2% * (€m) % on Total Sales % on Total Sales +6.9% ** 77 70 70 Retail 29% Retail 31% 34,2 27,0 60 6% Royalties 60 6% Royalties 65% 63% 50 50 Wholesale Wholesale 34.5 40 (10.3)% * 40 38.4 +10.2% ** 30 30 19,1 15,6 50 45,1 20 20 7,3 10 18,9 (3
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS Franchising 7
Slide 8: Income Statement – 1H 2014/2013
Income Statement – 1H 2014/2013 (€m) 8
Slide 9: Summary Balance Sheet
Summary Balance Sheet H14 | FY 13 (em) Net Working Capital 83,3 76,4 Net Tangible Assets 63,8 64,6 Net Intangible Assets 130,1 132,8 Net Financial Assets 48 48 Severance Staff, Provisions & Others (471) 3 (46,6) Net Capital Employed 234,9 232,0 Group Shareholders’ Equity 127.8 126,8 Minorities 17,1
Slide 10: Summary Cash Flow
Summary Cash Flow (em) PBT Operating Cash Flow Capital Expenditure Free Cash Flow Cash Flows from Financing Activities Cash and cash equivalents at the beginning of the year Cash Flow of the Period Cash and cash equivalents at the end of the year 10 7,5 (1,9) (7,2) 88 (6,6) 75 (1,0) 44 ANTE
Slide 11: Appendices
ALBERTA FERRETTI MOSCHINO 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 i WHI! FY 13 1H13 PBT 2,7 ' (0,7) (2,2) Depreciation & Amortisation 63 14,6 6.3 Provisions & Impairments 1 (0,6) (1,1) (0,5) Taxes | (1) 3 (3.0) (2,3) Net Interest ' 3,5 67 3,2 Change in other liabilities / (assets) (5,8) i (0,5) (5,5) Operating Cash Flow 41 16,0 (1,0) Capital ex
Slide 14: Income Statement – Full Year 2011-2013
Income Statement – Full Year 2011-2013 (€m) 14
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