Aeffe S.p.a. · MIL:AEF
Aeffe — H1 2023 Earnings Presentation
17 slides from Aeffe's earnings presentation, Jul 28, 2023
Slide 1: AEFFE GROUP H1 Consolidated Results Presentation
AEFFE GROUP H1 Consolidated Results Presentation 28th July 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: H1 Financial Highlights
H1 FINANCIAL HIGHLIGHTS NET SALES BREAKDOWN BY BUSINESS BY CHANNEL RETAIL 29% * (7.4)% FOOTWEAR & LEATHER GOODS 41% 177 WHOLESALE ROYALTIES 3% PRET À PORTER 59% 68% 163 BY BRAND BY REGION Usa 21% Europe 31% POLLINI 11% OTHERS 1% Asia & RoW 6% MOSCHINO 76% ALBERTA FERRETTI 7% PHILOSOPHY 5% 2022 2023
Slide 5: FY Revenues by Business
FY REVENUES BY BUSINESS * (9.0%) 120,2 108,8 PRET A PORTER 2022 2023 * (6.2)% 80,2 75,3 LEATHER GOODS 2022 2023 Euro millions *At constant exchange rates Before inter-divisional eliminations 5
Slide 6: H1 Revenues by Business
H1 REVENUES BY BUSINESS 2022 2023 67,7 58,3 52,5 50,5 PRET A PORTER Q1 Q2 46,2 46,1 34,0 LEATHER GOODS 29,2 Q1 Q2 Euro millions *At constant exchange rates Before inter-divisional eliminations 6
Slide 7: H1 Revenues by Region
* (4.4)% H1 REVENUES BY REGION 71,3 68,2 ITALY 2022 2023 * (15.4)% 59,3 50,2 EUROPE 2022 2023 * +10.8% 31,5 34,4 ASIA & ROW 2022 2023 * (30.0)% 14,3 10,1 Euro millions USA *At constant exchange rates 7 2022 2023
Slide 8: H1 Revenues by Region
2022 2023 H1 REVENUES BY REGION 42,8 42,8 28,6 25,4 ITALY Q1 Q2 31,6 27,4 27,7 22,8 EUROPE Q1 Q2 17,6 17,5 16,8 14,0 ASIA & ROW Q1 Q2 9,6 Euro millions 5,5 4,7 4,6 USA *At constant exchange rates 8 Q1 Q2
Slide 9: H1 Revenues by Brand
* (11.3)% H1 REVENUES BY BRAND 139,5 123,1 2022 2023 * +9.3% 10,8 11,8 2022 2023 * +21.2% 7,2 8,8 2022 2023 * +3.7% 16,5 17,2 Euro millions 2022 2023 9 *At constant exchange rates
Slide 10: H1 Revenues by Brand
2022 2023 H1 REVENUES BY BRAND 79,0 68,5 60,5 54,6 Q1 Q2 7,0 7,3 3,8 4,5 Q1 Q2 5,1 6,0 2,8 2,1 Q1 Q2 8,5 10,4 8,1 6,8 Euro millions 10 *At constant exchange rates Q1 Q2
Slide 11: H1 Revenues by Channel
H1 REVENUES BY CHANNEL * (14.8)% 129,7 110,6 WHOLESALE 2022 2023 * +20.4% 47,0 39,5 RETAIL 2022 2023 * (27.8)% 7,3 5,3 ROYALTIES 2022 2023 Euro millions 11 * At constant exchange rates
Slide 12: H1 Revenues by Channel
H1 REVENUES BY CHANNEL 2022 2023 78,0 66,9 51,6 43,7 WHOLESALE Q1 Q2 RETAIL 23,9 23,1 19,5 19,9 Q1 Q2 4,0 2,4 3,4 2,9 ROYALTIES Q1 Q2 Euro millions 12 * At constant exchange rates
Slide 13: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT INCOME STATEMENT H1 23 H1 22 (EUR MILLIONS) Net Sales 162,9 176,5 % change (7,7%) Other Revenues 5,7 4,2 Total Revenues 168,6 180,8 % change (6,7%) Raw Materials Costs (60,7) (65,5) Service Costs (55,4) (53,2) Costs for use of third parties (3,4) (4,0) Personnel (36,9)
Slide 14: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (EUR MILLIONS) BALANCE SHEET H1 23 Q1 23 2022Y H1 22 Net Working Capital 116,0 130,1 113,0 94,9 Net Tangible Assets 60,3 60,7 61,3 60,0 Net Intangible Assets 64,4 65,1 66,0 67,6 Net Intangible Assets for Rights of use - IFRS 16 104,7 108,1 110,6 86,2 Net Financial Assets 0
Slide 15: Consolidated Cash Flow
CONSOLIDATED CASH FLOW (EUR MILLIONS) CASH FLOW H1 23 2022Y H1 22 PBT (12,8) (3,8) 5,7 Amortisation / write-downs 16,4 34,3 13,9 Accrual (+)/availment (-) of long term provisions 0,1 (0,3) (0,0) Paid income taxes (0,4) (2,2) (2,5) Financial income (-) and financial charges (+) 4,9 5,0 1,3 Change in
Slide 16: Brand Moschino Growth Path
BRAND MOSCHINO GROWTH PATH Aeffe SpA acquires the minority stake (30%) in Moschino S.p.A. JULY 2021 Moschino opens its first 21 store in China: a new Retail Project for the brand JUNE 2022 New Moschino concept store opens in Via Spiga 26, Milan - Italy SEPT 2022 Moschino and Altana signed an agreeme
Slide 17: Sustainability Effort for a Sustainable Future
SUSTAINABILITY EFFORT FOR A SUSTAINABLE FUTURE AEFFE ENVIRONMENT AEFFE PEOPLE & KNOW HOW AEFFE GOVERNANCE • Photovoltaic System in the two • Focus on the entire Supply Chain main facilities of the group with a • Continuous investments in optimization with strong digitization and tech infrastructure