Aeffe S.p.a. · MIL:AEF
Aeffe — 9M 2023 Earnings Presentation
15 slides from Aeffe's earnings presentation, Nov 10, 2023
Slide 1: AEFFE Group 9M Consolidated Results Presentation
AEFFE GROUP 9M Consolidated Results Presentation 10th November 2023
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: Brand Personality
BRAND PERSONALITY FEMININE IRONIC CONTEMPORARY INNOVATIVE ELEGANT GLAMOROUS GLAMOUR HIGH QUALITY 3
Slide 4: 9M Financial Highlights
9M FINANCIAL HIGHLIGHTS NET SALES BREAKDOWN BY BUSINESS BY CHANNEL * (8.3)% RETAIL 29% FOOTWEAR & LEATHER GOODS 40% 277 WHOLESALE ROYALTIES 3% 253 68% PRET À PORTER 60% BY BRAND BY REGION Asia & RoW Europe 31% 21% POLLINI 10% OTHERS 1% MOSCHINO 75% Usa 5% ALBERTA FERRETTI 8% PHILOSOPHY 6% 2022 2023
Slide 5: 9M Revenues by Business
9M REVENUES BY BUSINESS *(6.6%) 183.1 169.5 PRET A PORTER 2022 2023 *(13.1%) 128.9 112.0 LEATHER GOODS 2022 2023 Euro millions *At constant exchange rates Before inter-divisional eliminations 5
Slide 6: 9M Revenues by Business
9M REVENUES BY BUSINESS 2022 2023 67.7 62.9 60.7 58.3 52.5 50.5 PRET A PORTER Q1 Q2 Q3 46.2 46.1 48.7 34.0 36.8 LEATHER GOODS 29.2 Q1 Q2 Q3 Euro millions *At constant exchange rates Before inter-divisional eliminations 6
Slide 7: 9M Revenues by Channel
9M REVENUES BY CHANNEL * (13.5)% 200.1 172.9 WHOLESALE 2022 2023 * +11.5% 65.8 72.2 RETAIL 2022 2023 * (30.7)% 11.2 7.8 ROYALTIES 2022 2023 Euro millions 7 * At constant exchange rates
Slide 8: 9M Revenues by Channel
9M REVENUES BY CHANNEL 2022 2023 78.0 66.9 70.4 62.4 51.6 43.7 WHOLESALE Q1 Q2 Q3 23.9 23.1 26.3 25.2 19.5 19.9 RETAIL Q1 Q2 Q3 4.0 2.4 3.4 2.9 3.9 2.5 ROYALTIES Q1 Q2 Q3 Euro millions 8 * At constant exchange rates
Slide 9: 9M Revenues by Brand
* (11.5)% 9M REVENUES BY BRAND 215.5 189.3 2022 2023 * +9.0% 17.6 19.2 2022 2023 * +11.5% 13.4 14.9 2022 2023 * (4.3)% 27.2 26.1 Euro millions 2022 2023 9 *At constant exchange rates
Slide 10: 9M Revenues by Brand
2022 2023 9M REVENUES BY BRAND 79.0 76.1 68.5 66.2 60.5 54.6 Q1 Q2 Q3 7.0 7.3 3.8 4.5 6.9 7.4 Q1 Q2 Q3 5.1 6.0 2.8 6.2 6.2 2.1 Q1 Q2 Q3 8.5 10.4 8.1 10.7 8.9 6.8 Euro millions 10 *At constant exchange rates Q1 Q2 Q3
Slide 11: 9M Revenues by Region
* (7.0)% 9M REVENUES BY REGION 116.1 107.9 ITALY 2022 2023 * (15.0)% 91.7 77.9 EUROPE 2022 2023 * +10.4% 49.1 52.9 ASIA & ROW 2022 2023 * (30.2)% 20.3 14.0 Euro millions *At constant exchange rates USA 11 2022 2023
Slide 12: 9M Revenues by Region
2022 2023 9M REVENUES BY REGION 42.8 42.8 44.8 39.7 28.6 25.4 ITALY Q1 Q2 Q3 31.6 32.3 27.4 27.7 27.7 22.8 EUROPE Q1 Q2 Q3 17.6 17.5 16.8 17.5 18.6 14.0 ASIA & ROW Q1 Q2 Q3 9.6 5.5 4.7 4.6 6.0 3.9 Euro millions *At constant exchange rates USA 12 Q1 Q2 Q3
Slide 13: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT INCOME STATEMENT 9M 23 9M 22 (EUR MILLIONS) Net Sales 252.8 277.1 % change (8.8%) Other Revenues 7.4 7.3 Total Revenues 260.2 284.4 % change (8.5%) Raw Materials Costs (100.3) (103.6) Service Costs (83.9) (80.7) Costs for use of third parties (4.8) (6.4) Personnel (54.9
Slide 14: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET BALANCE SHEET 9M 23 2022Y 9M 22 (EUR MILLIONS) Net Working Capital 126.9 113.0 127.1 Net Tangible Assets 61.0 61.3 61.0 Net Intangible Assets 63.6 66.0 67.0 Net Intangible Assets for Rights of use - IFRS 16 104.5 110.6 93.6 Net Financial Assets 0.0 0.2 3.0 Severance Staff,
Slide 15: Consolidated Cash Flow
CONSOLIDATED CASH FLOW CASH FLOW 9M 23 2022Y 9M 22 (EUR MILLIONS) PBT (19.3) (3.8) 10.9 Amortisation / write-downs 23.9 34.3 22.9 Accrual (+)/availment (-) of long term provisions 0.1 (0.3) 0.1 Paid income taxes (0.6) (2.2) (5.2) Financial income (-) and financial charges (+) 7.5 5.0 3.2 Change in o