Aeffe S.p.a. · MIL:AEF
Aeffe — FY2011 Earnings Presentation
15 slides from Aeffe's earnings presentation, Mar 8, 2012
Slide 1: Full Year 2011 Results Presentation
Full Year 2011 Results Presentation 8, March 2012
Slide 2: FY 2011 Key Facts
FY 2011 Key Facts Consolidated Revenues +12.2% at € 246m, (+12.1% at constant exchange rates) Consolidated EBITDA for € 18.4m, compared to an EBITDA of € 3.5m in FY 2010 Consolidated Net Loss at € 4.3m, compared to a Net Loss of € 12.5m in FY 2010 Consolidated Net Financial Debt of € 98.1m (€ 95.5m
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) FY 2011 FY 2010 (€m) (€m) % on Total Sales % on Total Sales 197,2 200 Footwear +9.0% * vs FY 2010 & Leather 200 180,8 Footwear Goods 180 22% 24% & Leather Goods 180 39,4 160 37,7 76% 78% 160 Prêt à Prêt à porter porter 140 140 59,6 120 120 57,3 100 100 80 39,9 63,9
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand FY 2011 FY 2010 (€m) 139,0 (€m) % on Total Sales % on Total Sales 140 +10.7% * 140 Pollini 130 Pollini 13% 130 125,5 13% J.P. 29,3 J.P. Gaultier 120 4% Gaultier 120 5% Moschino 57% 4% Others 5% Others Moschino 57% 110 110 28,4 21% 21% Alberta Alberta 100 Ferretti 100 Fer
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region FY 2011 FY 2010 (€m) (€m) 102,8 % on Total Sales % on Total Sales +10.4% * 100 100 Russia USA Russia USA Japan Japan 93,2 18,9 7% 7% 9% 6% 9% 9% 90 90 21% 14% 21% 12% Europe RoW Europe RoW 19,6 80 80 42% 43% 70 Italy 70 Italy 32 60 52,3 60 29,5 +12.1%* 50 50 46,7 10,5 2
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel FY 2011 FY 2010 (€m) (€m) % on Total Sales % on Total Sales 154,3 160 +14.5% * 160 Retail 31% Retail 32% 140 28,7 140 135,0 6% Royalties 6% Royalties 120 63% 120 25,2 62% Wholesale Wholesale 100 51,3 100 77,4 46,6 80 +9.5 % * 80 70,3 18,7 60 25,5 60 18,9 21,6 21,3 40 4
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS Franchising 7
Slide 8: Income Statement – FY 2011/2010
Income Statement – FY 2011/2010 (€m) 8
Slide 9: Balance Sheet
Balance Sheet (em) Net Working Capital Net Tangible Assets Net Intangible Assets Net Financial Assets Severance Staff, Provisions & Others Net Capital Employed Group Shareholders’ Equity Minorities Shareholders’ Equity & Minorities Net Debt Shares Buyback Net Financial Debt and Shareholders’ Equity
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) i 1 I FY 11 f FY 10 I ' 1 PBT (1,2) (14,6) Operating Cash Flow t 14,0 0,7 Capital Expenditure \ (10,5) H (6,2) ' I Free Cash Flow i 3,5 ' (5,5) ' 1 + T I Cash Flows from Financing Activities H 0,5 4,7 ' I ' I ! I H f I Cash and cash equivalents at the beginning of the year 45
Slide 11: Appendices
Appendices
Slide 12: Company Profile
Company Profile (1) Organisational Structure Ownership Structure Aeffe Fashion Group Chairman: Massimo Ferretti CEO: Simone Badioli IM Fashion Chief Executive Officer 25% Simone Badioli Tullio General Badioli 5% Manager/CFO Marcello Tassinari Mediobanca 2% Investor Relation Communication and Manager
Slide 13: Cash Flow Statement
Cash Flow Statement em) 1 Fu FY10 PBT (1,2) 1 (14,4) Depreciation & Amortisation 14,8 16,7 Provisions & Impairments (1,6) (0,4) Taxes (2,6) (2.2) Net Interest ' 48 i 15 Change in other liabilities / (assets) (0,2) (0,3) Operating Cash Flow 14,0 0,7 Capital expenditure for intangible assets (6,1) (4,
Slide 14: Income Statement – Full Year 2009-2011
Income Statement – Full Year 2009-2011 (€m) 14
Slide 15: Important Information
Important Information The information provided in this presentation is being furnished to you solely for your information on a confidential basis. Neither this document nor any copy thereof may be reproduced or redistributed. Persons into whose possession the content of this presentation come should