Aeffe S.p.a. · MIL:AEF
Aeffe — Q1 2024 Earnings Presentation
10 slides from Aeffe's earnings presentation, May 10, 2024
Slide 1: AEFFE Group Q1 Consolidated Results Presentation
AEFFE GROUP Q1 Consolidated Results Presentation 10th May 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: FY Revenues Highlights
FY REVENUES HIGHLIGHTS NET SALES BREAKDOWN BY BUSINESS BY CHANNEL * (13.4)% FOOTWEAR & LEATHER Retail 28% GOODS 38% 93 Royalties 3% Wholesale 69% 80 PRET À PORTER 62% BY BRAND BY REGION Asia & RoW Europe 30% 21% POLLINI 11% OTHERS 0% MOSCHINO 75% Usa 5% ALBERTA FERRETTI 7% PHILOSOPHY 7% 2023 2024 It
Slide 4: Q1 Revenues by Business
Q1 REVENUES BY BUSINESS 2023 2024 *(4.4%) 58,3 55,2 PRET A PORTER Q1 *(28.1%) 46,1 33,2 LEATHER GOODS Q1 Euro millions *At constant exchange rates Before inter-divisional eliminations 4
Slide 5: Q1 Revenues by Channel
Q1 REVENUES BY CHANNEL 2023 2024 * (16.6)% 66,9 55,7 WHOLESALE Q1 * (5.9% 23,9 22,1 RETAIL Q1 * 0.0% 2,4 2,4 ROYALTIES Q1 Euro millions 5 * At constant exchange rates
Slide 6: Q1 Revenues by Brand
2023 2024 Q1 REVENUES BY BRAND * (11.9)% 68,5 59,9 Q1 * (22.8)% 7,3 5,6 Q1 * (11.3)% 6,0 5,3 Q1 * (14.4)% 10,4 8,9 Euro millions 6 *At constant exchange rates Q1
Slide 7: Q1 Revenues by Region
2023 2024 Q1 REVENUES BY REGION * (17.6)% 42,8 35,2 ITALY Q1 * (12.7)% 27,4 24,0 EUROPE Q1 * (0.2)% 17,5 17,1 ASIA & ROW Q1 * (26.6)% 5,5 4,0 Euro millions *At constant exchange rates USA 7 Q1
Slide 8: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT INCOME STATEMENT Q1 24 Q1 23 (EUR MILLIONS) Net Sales 80.2 93.2 % change (14.0%) Other Revenues 1.6 3.6 Total Revenues 81.9 96.9 % change (15.5%) Raw Materials Costs (28.5) (33.0) Service Costs (25.4) (29.7) Costs for use of third parties (1.4) (1.5) Personnel (19.3) (1
Slide 9: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Mar. 31, Dec. 31, Mar. 31, (EUR MILLIONS) BALANCE SHEET 2024 2023 2023 Net Working Capital 89.6 108.3 130.1 Net Tangible Assets 59.8 60.4 60.7 Net Intangible Assets 62.0 62.9 65.1 Net Intangible Assets for Rights of use - IFRS 16 102.9 102.2 108.1 Net Financial Assets 0.1
Slide 10: Consolidated Cash Flow
CONSOLIDATED CASH FLOW (EUR MILLIONS) CASH FLOW Q1 24 2023Y Q1 23 PBT (5.0) (37.9) 1.0 Amortisation / write-downs 8.1 32.9 8.3 Accrual (+)/availment (-) of long term provisions 0.1 (1.4) 0.1 Paid income taxes (0.7) (2.6) (2.3) Financial income (-) and financial charges (+) 3.2 10.8 2.2 Change in ope