Aeffe S.p.a. · MIL:AEF
Aeffe — Q1 2014 Earnings Presentation
15 slides from Aeffe's earnings presentation, May 13, 2014
Slide 1: First Quarter 2014 Results Presentation
First Quarter 2014 Results Presentation 13, May 2014
Slide 2: 1Q 2014 Key Facts
1Q 2014 Key Facts Consolidated Revenues -7.4% at € 67.6m, (-7.3% at constant exchange rates); consolidated sales would have increased by 3.7% at constant exchange rates, net of the effects of already terminated licenses and of the reorganization of the distribution in Japan Consolidated EBITDA for €
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1Q 2014 1Q 2013 (€m) (€m) % on Total Sales % on Total Sales 60 60 Footwear & Leather Footwear Goods (7.2%) * vs 1Q 2013 26% 27% & Leather Goods 50 50 73% 74% Prêt à Prêt à porter porter 40 40 30 30 56,9 52,7 (2.3%) * vs 1Q 2013 20 20 10 19,8 10 20,3 0 0 Prêt à port
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1Q 2014 1Q 2013 (€m) (€m) % on Total Sales % on Total Sales Pollini Pollini 12% 12% J.P. Gaultier Others 40 5% Moschino 58% 11% 10% Others 40 (4.3%) * Moschino 56% 19% Alberta 17% Alberta Ferretti Ferretti 30 30 20 40,8 20 39,0 +3.2% * 10 10 (3.4%) * (3.3%) * 13,0 (100%)
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1Q 2014 1Q 2013 (€m) (€m) % on Total Sales % on Total Sales 30 (1.2%) * 30 Russia USA Russia USA Japan Japan 8% 5% 2% 8% 6% 9% 25% 17% 20% 17% Europe RoW Europe RoW 25 25 43% 40% Italy Italy 20 20 +13.9%* 15 15 28,9 29,2 (2.5%) * 10 10 16,9 14,8 (10.6%) * 11,7 12,1 5 5
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1Q 2014 1Q 2013 (€m) (€m) % on Total Sales % on Total Sales (9.6%) * 45 45 Retail Retail 28% 26% 40 40 5% Royalties 5% Royalties 35 67% 35 69% Wholesale Wholesale 30 30 25 25 50 45,1 20 (1.9%) * 20 15 15 10 10 19,3 18,9 5 (4.5%) * 5 3,6 3,7 0 0 Wholesale Retail Royalti
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS Franchising 7
Slide 8: Income Statement – 1Q 2014/2013
Income Statement – 1Q 2014/2013 (€m) 8
Slide 9: Summary Balance Sheet
Summary Balance Sheet (em) Net Working Capital 84,8 76,4 86,5 Net Tangible Assets 64,3 64,6 66,9 Net Intangible Assets 128,7 132.8 136.6 Net Financial Assets 48 48 2,8 Severance Staff, Provisions & Others (47,5) (46,6) (48,6) Net Capital Employed 235,1 232,0 244, Group Shareholders’ Equity 129,8 126
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) PBT Operating Cash Flow Capital Expenditure Free Cash Flow Cash Flows from Financing Activities Cash and cash equivalents at the beginning of the year Cash Flow of the Period Cash and cash equivalents at the end of the year 10 (3,7) (6,6) 75 5,4 (1,3) 41 AE
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 Tullio Officer 24% Simone Badioli Badioli 5% General Manager/CFO Mediobanca Marcello Tassinari 2% Aeffe 5% Investor Relation Communication an
Slide 13: Cash Flow Statement
Cash Flow Statement (€m) poe eee 1 i 1Q@14 | FY 13 1Q 13 PBT ! 6,1 t (0,7) 46 Depreciation & Amortisation 3,0 14,6 3,1 Provisions & Impairments i (0,7) (1,1) (0,6) Taxes | (2,2) (3,0) (1,6) Net Interest ' 1,6 6,7 1,7 Change in other liabilities / (assets) (7,1) H (0,5) (8,8) Operating Cash Flow 0,7
Slide 14: Income Statement – Full Year 2011-2013
Income Statement – Full Year 2011-2013 (€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