Aeffe S.p.a. · MIL:AEF
Aeffe — 9M 2018 Earnings Presentation
14 slides from Aeffe's earnings presentation, Nov 8, 2018
Slide 1: AEFFE 9M 2018 Consolidated Financial Results Presentation
AEFFE 9M 2018 Consolidated Financial Results Presentation 8h November 2018
Slide 2: 9M 2018 Key Facts
9M 2018 Key Facts Consolidated Revenues +13.1% at €264.6m, (+12.6% at current exchange rates) Consolidated EBITDA for €37.1m, compared to an EBITDA of € 30.4m in 9M 2017, with a €6.7m increase (+22%) Net Profit for the Group at €16.1m, compared to a Net Profit of €11.9m in 9M 2017, with a €4.2
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 9M 2018 9M 2017 (€m) (€m) 202.9 % on Total Sales % on Total Sales 210 210 +13.5%* vs 9M 2017 Footw ear Footw ear 200 & Leather 200 & Leather 190 30% Goods 190 179.9 Goods 31% 180 180 170 170 71,2 160 70% 160 69% 150 Prêt à 150 63,6 Prêt à porter porter 140 140 130
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 9M 2018 9M 2017 (€m) (€m) % on Total Sales % on Total Sales 190.0 200 200 +16.8%* 12% 190 Pollini 190 Pollini Philosophy di 180 11% 180 10% 11%5% Philosophy di 5% Lorenzo Serafini 6% Lorenzo Serafini 170 163.4 170 72% 2% Others 70% 69% 4% Others 160 160 10% 10%9% 67,7 Al
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 9M 2018 9M 2017 (€m) (€m) % on Total Sales % on Total Sales 128.9 130,0 +11.2%* Russia USA 130,0 Russia USA 3% 5% 3% 6% RoW 120,0 Europe RoW 120,0 116.0 20% 23% Europe 21% 21% 110,0 110,0 47,7 49% 100,0 100,0 49% Italy 43,9 Italy 90,0 90,0 80,0 80,0 70,0 61.4 70,0 +27.9
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 9M 2018 9M 2017 (€m) 190.4 (€m) % on Total Sales % on Total Sales 200 +16.4%* 190 200 180 25% Retail 190 Retail 27% 170 180 170 164.4 160 3% Royalties 3% Royalties 66,5 160 150 72% 150 70% 140 140 Wholesale 130 Wholesale 59,2 130 120 120 110 110 100 52,7 100 90 90 80 6
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 9M18 FY17 Europe 45 44 America 2 3 Asia 18 16 Total 65 63 Franchising 9M18 FY17 Europe 47 49 America 1 1 Asia 139 135 Total 187 185 7
Slide 8: Income Statement – 9M 2018/2017
Income Statement – 9M 2018/2017 (€m) 9M 18 9M 17 Net Sales 264,6 235,0 % change 12,6% Other Revenues 3,3 2,6 Total Revenues 267,9 237,6 % change 12,8% Raw Materials Costs (85,3) (73,0) Service Costs (73,2) (65,2) Costs for use of third parties (19,4) (17,7) Personnel (50,4) (47,8) Other Operating Ex
Slide 9: Balance Sheet
Balance Sheet (€m) 9M 18 FY 17 9M 17 Net Working Capital 90,4 81,3 95,8 Net Tangible Assets 59,6 59,1 60,1 Net Intangible Assets 105,3 109,7 111,2 Net Financial Assets 3,2 3,7 3,5 Severance Staff, Provisions & Others (23,1) (24,8) (25,2) Net Capital Employed 235,4 229,0 245,4 Group Shareholders' Equ
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 9M 18 FY 17 9M 17 PBT 27,0 18,9 18,6 Operating Cash Flow 16,4 17,2 0,1 Capital Expenditure (5,5) (3,8) (3,4) Free Cash Flow 11,0 13,4 (3,4) Cash Flows from Financing Activities (5,3) (5,1) 3,8 Cash and cash equivalents at the beginning of the year 22,8 14,5 14,5 Cash Flow of t
Slide 11: Appendices
Appendices
Slide 12: Income Statement – Full Year 2015-2017
Income Statement – Full Year 2015-2017 (€m) 2017A 2016A 2015A Net Sales 312,6 280,7 268,8 % change 11,4% 4,4% 6,9% Other Rev enues 3,8 6,8 5,2 Total Revenues 316,4 287,5 274,0 % change 10,1% 4,9% 20,1% Raw Materials Costs (96,1) (90,7) (86,2) Serv ice Costs (91,0) (81,3) (79,2) Cost for use of third
Slide 13: Company Profile
Company Profile Organisational Structure Ownership Structure (1) IM Fashion AEFFE FASHION GROUP Chairman: Massimo Ferretti 24% Chief Executive Officer Simone Badioli Managing Director Tullio Marcello Tassinari Badioli Investor Relation Communication and 3% Manager Marketing Annalisa Aldrovandi Carlo
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