Aeffe S.p.a. · MIL:AEF
Aeffe — 9M 2020 Earnings Presentation
14 slides from Aeffe's earnings presentation, Nov 11, 2020
Slide 1: AEFFE 9M 2020 Consolidated Financial Results Presentation
AEFFE 9M 2020 Consolidated Financial Results Presentation 11th November 2020
Slide 2: 9M 2020 Key Facts
9M 2020 Key Facts Consolidated Revenues -23.1% ex forex at € 206.8m, (-23.2% at current exchange rates) due to Covid-19 pandemic effects Consolidated EBITDA adjusted at € 12.2m (5.9% of sales), net of € 4.0m extraordinary inventory write-down due to the pandemic impact, compared to an EBITDA of
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 9M 2020 9M 2019 (€m) (€m) % on Total Sales % on Total Sales 201,0 Footwear 200 200 & Leather Footwear Goods 3% 35% & Leather 180 Goods 180 151,7 68,8 65% 68% 160 (24.4%)* vs 9M 2019 Prêt à 160 Prêt à porter porter 140 140 120 63,1 120 54,3 96,7 100 81,9 100 (15.4%)
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 9M 2020 9M 2019 (€m) (€m) % on Total Sales 199,4 % on Total Sales 200 200 12%Pollini Philosophy di 163,3 180 Lorenzo Serafini 180 8% 10% 5% (18.0%)* 5% Others 79% 69,3 3% 160 2% 160 74% Alberta 6% 8% Ferretti 140 140 Moschino 69,1 120 120 100 100 58,7 80 80 38,0 60 60 40
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 9M 2020 9M 2019 (€m) (€m) % on Total Sales % on Total Sales 130,0 Asia & 130,0 125,2 Asia & RoW Europe RoW Europe 120,0 19% 120,0 23% 25% 30% 110,0 97,9 4%Americas 110,0 5% Americas (21.8%)* 47% 45,2 100,0 100,0 47% Italy Italy 90,0 90,0 80,0 80,0 45,2 61,0 67,4 70,0 70
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 9M 2020 9M 2019 (€m) (€m) % on Total Sales % on Total Sales 200 200 187,5 Retail Retail 180 24% 180 27% 148,9 4% Royalties 3% Royalties 160 160 (20.6%)* 72% 66,6 70% Wholesale 140 Wholesale 140 120 62,2 120 100 100 45,2 80 80 71,6 31,1 50,2 60 (29.9%) * 60 25,4 40 23,1
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 9M20 FY19 Europe 43 42 America 1 3 Asia 16 16 Total 60 61 Franchising 9M20 FY19 Europe 40 40 America 1 Asia 108 122 Total 148 163 7
Slide 8: Income Statement – 9M 2020/2019
Income Statement – 9M 2020/2019 (€m) 9M 20 9M 19 Net Sales 206,8 269,0 % change (23,2%) Other Revenues 6,6 6,4 Total Revenues 213,3 275,5 % change (22,6%) Raw Materials Costs (77,9) (86,1) Service Costs (71,3) (79,8) Costs for use of third parties (4,5) (7,0) Personnel (46,9) (53,3) Other Operating
Slide 9: Summary Balance Sheet
Summary Balance Sheet (€m) 9M 20 FY 19 9M 19 Net Working Capital 115,9 107,2 113,0 Net Tangible Assets 62,6 62,8 60,9 Net Intangible Assets 73,2 76,1 76,9 Net Intangible Assets for Rights of use 102,2 110,7 123,3 Net Financial Assets 3,1 2,9 2,8 Severance Staff, Provisions & Others (19,0) (20,3) (20
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 9M 20 FY 19 9M 19 PBT (14,1) 21,8 24,1 Operating Cash Flow (2,3) 19,2 7,1 Capital Expenditure (4,5) (9,7) (6,0) Capital Expenditure for Rights of use (3,2) (1,1) (1,1) Free Cash Flow (10,0) 8,5 0,0 Cash Flows from Financing Activities 15,4 (8,1) (3,3) Cash and cash equivalents
Slide 11: Appendices
This.is not a MOSCHING advertisement... » Thistis a message of Appendices
Slide 12: Income Statement – Full Year 2017-2019
Income Statement – Full Year 2017-2019 (€m) FY 19 net of IFRS 16 effects 2018A 2017A Net Sales 351,4 346,6 312,6 % change 1,7% 10,9% 11,4% Other Rev enues 10,1 5,4 3,8 Total Revenues 361,5 352,0 316,4 % change 2,8% 11,2% 10,1% Raw Materials Costs (115,3) (110,3) (96,1) Serv ice Costs (108,3) (100,6)
Slide 13: Company Profile
Company Profile Organisational Structure Ownership Structure AEFFE FASHION GROUP IM Fashion Chairman: Massimo Ferretti 24% Chief Executive Officer Simone Badioli Managing Director Marcello Tassinari Investor Relation Communication and Manager Marketing Annalisa Aldrovandi Market Aeffe 33% 6% Chief I
Slide 14: Disclaimer
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 subscribe for, or otherwise