Aeffe S.p.a. · MIL:AEF
Aeffe — 9M 2019 Earnings Presentation
14 slides from Aeffe's earnings presentation, Nov 13, 2019
Slide 1: AEFFE 9M 2019 Consolidated Financial Results Presentation
AEFFE 9M 2019 Consolidated Financial Results Presentation 13th November 2019
Slide 2: 9M 2019 Key Facts
9M 2019 Key Facts Consolidated Revenues +1.4% at € 269.0m, (+1.7% at current exchange rates); Consolidated EBITDA net of IFRS 16 effect for € 33.8m (12.6% of sales), compared to an EBITDA of € 37.1m (14.0% of sales) in 9M 2018 Net Profit for the Group net of IFRS 16 effect at € 13.4m, compared
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 9M 2019 9M 2018 (€m) (€m) 201,0 % on Total Sales % on Total Sales 202,9 (1.3%) * vs 9M 2018 Footwear 200 200 & Leather Footwear Goods 30% 32% & Leather 180 Goods 180 68,8 71,2 70% 68% 160 Prêt à 160 Prêt à porter porter 140 140 120 120 96,7 54,3 +9.1% * vs 9M 2018
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 9M 2019 9M 2018 (€m) 199,4 (€m) % on Total Sales % on Total Sales +4.8% * 200 200 190,0 12% Pollini Philosophy di 180 180 10% Lorenzo Serafini 10% 6% 5% Others 69,3 74% 3% 160 72% 2% 160 67,7 10% Alberta 8% Ferretti 140 140 Moschino 120 120 100 58,7 100 57,7 80 80 60 60
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 9M 2019 9M 2018 (€m) (€m) % on Total Sales % on Total Sales 125,2 128,9 130,0 (2.9)% * Asia & 130,0 Asia & RoW Europe RoW Europe 120,0 25% 120,0 23% 23% 23% 110,0 5% Americas 110,0 5% Americas 45,2 47,7 100,0 47% 100,0 49% Italy (1) Italy (1) 90,0 90,0 80,0 80,0 67,4 62
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 9M 2019 9M 2018 (€m) (€m) % on Total Sales % on Total Sales 200 187,5 200 190,4 (1.8)% * Retail Retail 180 27% 180 25% 3% Royalties 3% Royalties 160 160 70% 66,5 66,6 72% 140 Wholesale 140 Wholesale 120 120 100 45,2 100 52,7 71,6 80 +8.8% * 80 65,7 60 25,4 60 23,5 40 7
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 9M19 FY18 Europe 43 44 America 3 2 Asia 17 18 Total 63 64 Franchising 9M19 FY18 Europe 41 45 America 1 1 Asia 134 138 Total 176 184 7
Slide 8: Income Statement – 9M 2019/2018
Income Statement – 9M 2019/2018 (€m) 9M 19 including IFRS 16 effects 9M 19 excluding IFRS 16 effects (See Note 1) IFRS 16 effects 9M 18 Net Sales 269,0 269,0 264,6 % change 1,7% 1,7% Other Revenues 6,4 6,4 3,3 Total Revenues 275,4 275,4 267,9 Note 1: IFRS 16 effects on Profit & Loss % change 2,8% 2,
Slide 9: Summary Balance Sheet
Summary Balance Sheet (€m) 9M 19 FY 18 9M 18 Net Working Capital 113,0 85,7 90,4 Net Tangible Assets 60,9 60,3 59,6 Net Intangible Assets 76,9 103,1 105,3 Note 2: IFRS 16 effects on Balance Sheet: - Fixed Assets increase of €123.3m from the Net Intangible Assets for Rights of use - IFRS 16 (see Note
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 9M 19 FY 18 9M 18 PBT 24,1 28,8 27,0 Operating Cash Flow 7,1 25,5 16,4 Capital Expenditure (6,0) (7,9) (5,5) Capital Expenditure for Rights of use - IFRS 16 (1,1) Free Cash Flow 1,1 17,6 11,0 Cash Flows from Financing Activities (3,3) (12,4) (5,3) Cash and cash equivalents at
Slide 11: Appendices
9 ' r MOSCHINO 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 Marketing Annalisa Aldrovandi Andrea Caravita Market
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