Aeffe S.p.a. · MIL:AEF
Aeffe — H1 2017 Earnings Presentation
14 slides from Aeffe's earnings presentation, Jul 27, 2017
Slide 1: AEFFE First Half 2017 Results Presentation
AEFFE Appendices AEFFE First Half 2017 Results Presentation 27th July 2017
Slide 2: 1H 2017 Key Facts
1H 2017 Key Facts Consolidated Revenues +8.8% at €150m, (+8.6% at constant exchange rates) Consolidated EBITDA for €15.5m, compared to an EBITDA of € 12.2m in 1H 2016, with a €3.3m increase (+26.7%) Net Profit for the Group at €4.6m, compared to a Net Profit of €1.5m in 1H 2016, with a €3.1m i
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1H 2017 1H 2016 (€m) (€m) 116.3 % on Total Sales % on Total Sales 120 +8.5% * vs 1H 2016 120 Footw ear Footw ear & Leather & Leather 110 106.9 110 Goods Goods 30% 30% 100 100 70% 70% 90 90 54,9 Prêt à Prêt à porter 47,7 porter 80 80 70 70 60 50.4 60 +12.5% vs 1H 20
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1H 2017 1H 2016 (€m) (€m) % on Total Sales % on Total Sales 104.8 110 110 12%Pollini +9.6% * Philosophy di 10% 100 95.4 10% Lorenzo Serafini 100 6% 5% Others 70% 4% 6% 90 69% 90 10% 10% Alberta Ferretti 80 80 51,5 Moschino 45.8 70 70 60 60 50 50 40 40 30 30 53,3 49.6 15.
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1H 2017 1H 2016 (€m) (€m) % on Total Sales % on Total Sales 80,0 Russia USA 80,0 Russia USA 72.1 3% 7% 3% 8% RoW +19.0% * Europe RoW 21% 21% Europe 23% 70,0 70,0 22% 48% 60.6 44% 60,0 Italy 60,0 Italy 33,8 50,0 50,0 27,5 40,0 40,0 31.9 31.7 +6.6% * +1.2% * 31.1 30.2 30,
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1H 2017 1H 2016 (€m) 105.2 (€m) % on Total Sales % on Total Sales 110 +5.8% * 110 Retail 100 27% 99.2 Retail 100 25% 90 3% Royalties 3% Royalties 90 80 47,7 70% 72% 80 Wholesale 43,5 Wholesale 70 70 60 60 50 40.0 50 +18.1% * 40 40 33.9 30 57,5 20,0 30 55,7 15,6 20 20 4
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 1H17 FY16 Europe 45 45 America 3 3 Asia 14 16 Total 62 64 Franchising 1H17 FY16 Europe 47 50 America 1 2 Asia 132 139 Total 180 191 7
Slide 8: Income Statement – 1H 2017/2016
Income Statement – 1H 2017/2016 (€m) 1H 17 1H 16 Net Sales 150,0 137,8 % change 8,8% Other Revenues 1,4 5,8 Total Revenues 151,3 143,6 % change 5,4% Raw Materials Costs (47,3) (45,2) Service Costs (42,6) (40,6) Costs for use of third parties (11,5) (11,5) Personnel (32,4) (31,8) Other Operating Expe
Slide 9: Summary Balance Sheet
Summary Balance Sheet (€m) 1H 17 FY 16 1H 16 Net Working Capital 88,4 73,1 84,5 Net Tangible Assets 60,1 61,4 62,1 Net Intangible Assets 112,5 115,1 117,7 Net Financial Assets 3,5 4,1 3,9 Severance Staff, Provisions & Others (25,3) (26,1) (27,2) Net Capital Employed 239,1 227,6 241,0 Group Sharehold
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 1H 17 FY 16 1H 16 PBT 7,4 8,3 4,8 Operating Cash Flow (3,5) 10,7 (8,4) Capital Expenditure (1,9) (2,3) 0,3 Free Cash Flow (5,4) 8,4 (8,1) Cash Flows from Financing Activities 0,6 (3,9) 9,0 Cash and cash equivalents at the beginning of the year 14,5 10,0 10,0 Cash Flow of the P
Slide 11: AEFFE Appendices
AEFFE Appendices AEFFE Appendices
Slide 12: Income Statement – Full Year 2014-2016
Income Statement – Full Year 2014-2016 (€m) 12
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 Tullio Managing Director/CFO Marcello Tassinari Badioli 6% Investor Relation Communication and Manager Marketing Annalisa Aldrovandi C
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