Aeffe S.p.a. · MIL:AEF
Aeffe — Q1 2018 Earnings Presentation
14 slides from Aeffe's earnings presentation, May 10, 2018
Slide 1: AEFFE First Quarter 2018 Consolidated Financial Results Presentation
AEFFE First Quarter 2018 Consolidated Financial Results Presentation 10th May 2018
Slide 2: 1Q 2018 Key Facts
1Q 2018 Key Facts Consolidated Revenues +20.3% at € 95.2m, (+19.7% at current exchange rates); Consolidated EBITDA for € 20.3m (21.4% of sales), compared to an EBITDA of € 15.4m (19.4% of sales) in 1Q 2017, with a € 4.9m improvement (+32%) Net Profit for the Group at € 11.3m, compared to a Net
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1Q 2018 1Q 2017 (€m) (€m) % on Total Sales % on Total Sales 80,0 80 Footwear & Leather +18% * vs 1Q 2017 Footwear Goods 29% 70,0 31% & Leather Goods 70 69% 71% Prêt à 60,0 porter 60 Prêt à porter 50,0 50 40,0 40 72,1 +26% * vs 1Q 2017 30,0 30 61,4 20,0 20 32 25,4 1
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1Q 2018 1Q 2017 (€m) (€m) 70 70 % on Total Sales % on Total Sales +21.8% * 60 12%Pollini 60 Philosophy di 11% 11% Lorenzo Serafini 7% 7% Others 3% 3% 68% 50 67% 50 11% Alberta 12% Ferretti 40 Moschino 40 64,6 30 30 53,3 20 20 +11.6% * +19.1% * 10 10 +19.3% * 10,7 10,0 +2
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1Q 2018 1Q 2017 (€m) (€m) % on Total Sales % on Total Sales 50,0 50,0 3% 5% 3% +18.2% * 7% 45,0 22% 22% 45,0 23% 19% 40,0 40,0 48% 48% 35,0 35,0 30,0 30,0 25,0 25,0 45,3 +45.9% * +15.0% * 20,0 20,0 38,3 15,0 15,0 21,5 10,0 20,6 10,0 18,0 (11.0)% * 14,8 5,0 +12.6% * 5,0
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1Q 2018 1Q 2017 (€m) (€m) % on Total Sales % on Total Sales 80 80 Retail +24.4% * 23% Retail 25% 70 2% Royalties 70 3% Royalties 60 75% 72% 60 Wholesale Wholesale 50 50 40 40 71,2 30 30 57,5 +8.5% * 20 20 10 21,5 10 20,0 +19.0%* 0 2,5 0 2,1 Wholesale Retail Royalties W
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 1Q18 FY17 Europe 44 44 America 2 3 Asia 17 16 Total 63 63 Franchising 1Q18 FY17 Europe 45 49 America 1 1 Asia 135 135 Total 181 185 7
Slide 8: Income Statement – 1Q 2018/2017
Income Statement – 1Q 2018/2017 (€m) 1Q 18 1Q 17 Net Sales 95,2 79,6 % change 19,7% 4,4% Other Revenues 0,9 1,8 Total Revenues 96,1 81,4 % change 18,1% 5,2% Raw Materials Costs (26,6) (21,7) Service Costs (25,1) (21,1) Costs for use of third parties (6,5) (5,9) Personnel (16,9) (16,1) Other Operatin
Slide 9: Balance Sheet
Balance Sheet 1Q 18 FY 17 1Q 17 Net Working Capital (€m) 94,8 81,3 88,6 Net Tangible Assets 58,5 59,1 60,8 Net Intangible Assets 108,4 109,7 113,8 Net Financial Assets 3,3 3,7 3,9 Severance Staff, Provisions & Others (20,9) (24,8) (26,3) Net Capital Employed 244,1 229,0 240,8 Group Shareholders' Equ
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 1Q 18 FY 17 1Q 17 PBT 16,9 18,9 12,2 Operating Cash Flow 1,9 17,2 (3,4) Capital Expenditure (5,1) (3,8) (1,0) Free Cash Flow (3,2) 13,4 (4,4) Cash Flows from Financing Activities 6,3 (5,1) 3,1 Cash and cash equivalents at the beginning of the year 22,8 14,5 14,5 Cash Flow of t
Slide 11: Appendices
Appendices
Slide 12: Income Statement – Full Year 2015-2017
Income Statement – Full Year 2015-2017 (€m) 2017A 2016A 2015A Net Sales 312,6 280,7 268,8 % change 11,4% 4,4% 6,9% Other Rev enues 3,8 6,8 5,2 Total Revenues 316,4 287,5 274,0 % change 10,1% 4,9% 20,1% Raw Materials Costs (96,1) (90,7) (86,2) Serv ice Costs (91,0) (81,3) (79,2) Cost for use of third
Slide 13: Company Profile
Company Profile Organisational Structure Ownership Structure (1) IM Fashion AEFFE FASHION GROUP Chairman: Massimo Ferretti 24% Chief Executive Officer Simone Badioli Tullio Managing Director Marcello Tassinari Badioli 6% Investor Relation Communication and Manager Marketing Annalisa Aldrovandi Carlo
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