Aeffe S.p.a. · MIL:AEF
Aeffe — 9M 2024 Earnings Presentation
14 slides from Aeffe's earnings presentation, Nov 14, 2024
Slide 1: AEFFE Group 9M Consolidated Results Presentation
AEFFE GROUP 9M Consolidated Results Presentation 14th Nov 2024 1
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: 9M Revenues Highlights
9M REVENUES HIGHLIGHTS NET SALES BREAKDOWN BY BUSINESS BY CHANNEL * (17.6)% RETAIL 28% FOOTWEAR & LEATHER GOODS 38% 253 WHOLESALE ROYALTIES 4% 66% PRET À PORTER 62% 208 BY BRAND BY REGION Asia & RoW Europe 31% 20% POLLINI 11% OTHERS 1% Usa 6% MOSCHINO 74% ALBERTA FERRETTI 7% PHILOSOPHY 7% 2023 2024
Slide 4: Revenues by Brand
* (18.7)% 189.3 153.5 9M 23 9M 24 REVENUES BY BRAND * (18.2)% 19.2 15.7 9M 23 9M 24 * (8.7)% 14.9 13.6 9M 23 9M 24 * (9.6)% 26.1 23.6 Euro millions 4 *At constant exchange rates 9M 23 9M 24
Slide 5: Revenues by Brand by Q
9M 23 9M 24 68.5 66.2 59.9 54.6 44.9 48.8 REVENUES BY BRAND BY Q Q1 Q2 Q3 7.3 5.6 4.5 4.2 7.4 5.8 Q1 Q2 Q3 6.0 5.3 2.8 2.8 6.2 5.4 Q1 Q2 Q3 10.4 8.9 6.8 8.9 8.8 5.9 Euro millions 5 *At constant exchange rates Q1 Q2 Q3
Slide 6: Revenues by Business
REVENUES BY BUSINESS *(17.2%) 169.5 139.9 PRET A PORTER 9M 23 9M 24 *(22.7%) 112.0 86.7 LEATHER GOODS 9M 23 9M 24 Euro millions *At constant exchange rates Before inter-divisional eliminations 6
Slide 7: Revenues by Business by Q
REVENUES BY BUSINESS BY Q 9M 23 9M 24 58.3 60.7 55.2 50.5 45.9 PRET A PORTER 38.8 Q1 Q2 Q3 46.1 33.2 36.8 29.2 30.2 23.3 LEATHER GOODS Q1 Q2 Q3 Euro millions *At constant exchange rates Before inter-divisional eliminations 7
Slide 8: Revenues by Channel
* (20.3)% 172.8 137.6 REVENUES BY CHANNEL WHOLESALE 9M 23 9M 24 * (12.3)% 72.2 63.0 RETAIL 9M 23 9M 24 * (7.4)% 7.8 7.2 ROYALTIES 9M 23 9M 24 Euro millions 8 * At constant exchange rates
Slide 9: Revenues by Channel by Q
9M 23 9M 24 REVENUES BY CHANNEL BY Q 66.9 62.3 55.7 WHOLESALE 43.7 45.9 36.0 Q1 Q2 Q3 RETAIL 23.9 22.1 23.1 19.8 25.2 21.0 Q1 Q2 Q3 ROYALTIES 2.4 2.4 2.9 2.6 2.5 2.2 Q1 Q2 Q3 Euro millions 9 * At constant exchange rates
Slide 10: Revenues by Region
* (17.1)% 107.9 89.5 ITALY 9M 23 9M 24 REVENUES BY REGION * (18.4)% 77.9 63.6 EUROPE 9M 23 9M 24 * (18.5)% 52.9 42.8 9M 23 9M 24 ASIA & ROW * (15.1)% 14.0 11.9 Euro millions *At constant exchange rates USA 10 9M 23 9M 24
Slide 11: Revenues by Region by Q
9M 23 9M 24 42.8 39.7 35.2 31.9 25.4 22.4 ITALY REVENUES BY REGION BY Q Q1 Q2 Q3 27.4 27.7 24.0 22.8 21.5 18.1 EUROPE Q1 Q2 Q3 17.5 17.1 16.8 18.6 14.3 11.4 ASIA & ROW Q1 Q2 Q3 Euro millions 5.5 4.0 4.6 3.9 3.6 4.3 *At constant exchange rates USA 11 Q1 Q2 Q3
Slide 12: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT INCOME STATEMENT 9M 24 9M 23 (EUR MILLIONS) Net Sales 207.8 252.8 % change (17.8%) Other Revenues 91.5 7.4 Total Revenues 299.3 260.2 % change 15.0% Raw Materials Costs (85.4) (100.3) Service Costs (64.8) (83.9) Costs for use of third parties (4.0) (4.8) Personnel (51.7
Slide 13: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Sept. 30, Dec. 31, Sept. 30, (EUR MILLIONS) BALANCE SHEET 2024 2023 2023 Net Working Capital 97.9 108.3 126.9 Net Tangible Assets 58.1 60.4 61.0 Net Intangible Assets 49.9 62.9 63.6 Net Intangible Assets for Rights of use - IFRS 16 90.8 102.2 104.5 Net Financial Assets 0.1
Slide 14: Consolidated Cash Flow
CONSOLIDATED CASH FLOW (EUR MILLIONS) CASH FLOW 9M 24 2023Y 9M 23 PBT 57.0 (37.9) (19.3) Amortisation / write-downs 24.3 32.9 23.9 Accrual (+)/availment (-) of long term provisions (0.0) (1.4) 0.1 Paid income taxes (2.1) (2.6) (0.6) Financial income (-) and financial charges (+) 9.6 10.8 7.5 Change