Aeffe S.p.a. · MIL:AEF
Aeffe — FY2018 Earnings Presentation
14 slides from Aeffe's earnings presentation, Mar 12, 2019
Slide 1: AEFFE FY2018 Consolidated Financial Results Presentation
AEFFE FY2018 Consolidated Financial Results Presentation 12th March 2019
Slide 2: FY 2018 Key Facts
FY 2018 Key Facts Consolidated Revenues +11.2% at € 346.6m, (+10.9% at current exchange rates) Consolidated EBITDA for € 43.3m, compared to an EBITDA of € 36.6m in 2017, with a €6.7m increase (+18.5%) Net Profit for the Group at €16.7m, compared to a Net Profit of € 11.5m in 2017, with a €5.2m
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) FY 2018 FY 2017 (€m) (€m) 265,6 % on Total Sales % on Total Sales 280 +11.2% * vs FY 2017 280 Footwear & Leather 260 Footwear 260 Goods 31% & Leather 239,8 31% 240 Goods 240 62,7 220 69% 220 69% Prêt à porter 59,9 Prêt à 200 200 porter 180 180 71,2 160 160 118,3 63
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand FY 2018 FY 2017 (€m) (€m) % on Total Sales % on Total Sales 250,8 260 +13.9% * 260 12% Pollini Philosophy di 240 240 Lorenzo Serafini 10% 220,7 11% 5% 220 60,8 5% 220 3% Others 72% 3% 71% Alberta 200 10% 200 10% Ferretti 57,3 180 180 Moschino 160 160 67,7 140 140 58,6 12
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region FY 2018 FY 2017 (€m) (€m) % on Total Sales % on Total Sales 168,5 180,0 Asia & 180,0 Asia & +10,7% * RoW RoW Europe Europe 23% 25% 21% 23% 160,0 160,0 152,1 5% Americas 6% Americas 39,6 140,0 49% 140,0 48% Italy (1) 36,1 Italy (1) 120,0 120,0 47,7 100,0 100,0 80,3 80,1
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel FY 2018 FY 2017 (€m) (€m) % on Total Sales % on Total Sales 247,8 260 +13.4% * 260 Retail Retail 240 27% 25% 240 220 57,4 219,2 3% Royalties 3% Royalties 220 72% 200 70% 200 Wholesale 54,8 180 Wholesale 180 160 66,5 160 140 140 59,2 120 120 87,1 100 52,7 100 +4.8% * 83
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS FY18 FY17 Europe 44 44 America 2 3 Asia 18 16 Total 64 63 Franchising FY18 FY17 Europe 45 49 America 1 1 Asia 138 135 Total 184 185 7
Slide 8: Income Statement – FY 2018/2017
Income Statement – FY 2018/2017 (€m) 2018A 2017A Net Sales 346,6 312,6 % change 10,9% Other Revenues 5,4 3,8 Total Revenues 352,0 316,4 % change 11,2% 10,1% Raw Materials Costs (110,3) (96,1) Service Costs (100,6) (91,0) Costs for use of third parties (25,4) (23,3) Personnel (68,5) (65,3) Other Oper
Slide 9: Summary Balance Sheet
Summary Balance Sheet FY 18 FY 17 (€m) Net Working Capital 85,7 81,3 Net Tangible Assets 60,3 59,1 Net Intangible Assets 103,1 109,7 Net Financial Assets 2,9 3,7 Severance Staff, Provisions & Others (23,3) (24,8) Net Capital Employed 228,7 229,0 Group Shareholders' Equity 164,6 146,1 Minorities 32,8
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) FY 18 FY 17 PBT 28,8 18,9 Operating Cash Flow 25,5 17,2 Capital Expenditure (7,9) (3,8) Free Cash Flow 17,6 13,4 Cash Flows from Financing Activities (12,4) (5,1) Cash and cash equivalents at the beginning of the year 22,8 14,5 Cash Flow of the Period 5,2 8,3 Cash and cash equ
Slide 11: APPENDICES
APPENDICES
Slide 12: Income Statement – Full Year 2016-2018
Income Statement – Full Year 2016-2018 (€m) 2018A 2017A 2016A Net Sales 346,6 312,6 280,7 % change 10,9% 11,4% 4,4% Other Rev enues 5,4 3,8 6,8 Total Revenues 352,0 316,4 287,5 % change 11,2% 10,1% 4,9% Raw Materials Costs (110,3) (96,1) (90,7) Serv ice Costs (100,6) (91,0) (81,3) Cost for use of th
Slide 13: Company Profile
Company Profile Organisational Structure Ownership Structure (1) AEFFE FASHION GROUP IM Fashion Chairman: Massimo Ferretti 24% Chief Executive Officer Simone Badioli Managing Director Marcello Tassinari Investor Relation Communication and Manager Annalisa Aldrovandi Marketing Carlo Mengucci Market A
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