Moncler Spa · MIL:MONC

Moncler Spa — FY2015 Earnings Presentation

21 slides from Moncler Spa's earnings presentation, 2016

  1. Slide 1: FY 2015 Financial Results

    it MONCLER FY 2015 Financial Results

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation is being furnished to you solely for your information and may not be reproduced or redistributed to any other person. This presentation might contain certain forward-looking statements that reflect the Company’s management's current views with respect to future events an

  3. Slide 3: “can say-today that

    “can say-today that Gr mone ve ye achieved en GtLeprberoe..S 3121); | Ae Ske pe a ' Be pag s ‘el

  4. Slide 4: In 2015 Moncler closed another year with results ahead of expectations

    “In 2015 Moncler closed another year with results ahead of market expectations. All our markets, including Italy, delivered strong performances”

  5. Slide 5: ‘'Weltaive now secured

    ‘'Weltaive now secured er ©) new stores t niece lt 2016"

  6. Slide 6: ee collgitiaia

    ee 1 16 collgitiaia well received”. | nS. wae eS : = E -

  7. Slide 7: FY 2015 Results Highlights

    FY 2015 RESULTS HIGHLIGHTS (*) • • • • • • • • 7

  8. Slide 8: Revenues by Region

    REVENUES BY REGION REVENUE ANALYSIS (Eur M) YoY Growth YoY Growth • Reported Const. FX 880.4 +27% +19% 694.2 141.4 +48% +27% • 95.7 333.5 +42% +28% 235.2 • 268.5 +15% +13% 232.7 130.6 137.0 +5% +5% • FY 2014 FY 2015 14% 19% 16% 16% Italy EMEA Asia & RoW 34% 30% 33% 38% Americas 8

  9. Slide 9: Revenues by Distribution Channel

    REVENUES BY DISTRIBUTION CHANNEL REVENUE ANALYSIS (Eur M) YoY Growth YoY Growth • Reported Const. FX 880.4 +27% +19% 694.2 • 619.7 +44% +33% 430.7 • • 263.5 260.7 -1% -5% FY 2014 FY 2015 Wholesale 30% 38% Retail 62% 70% 9

  10. Slide 10: Monobrand Stores Network

    MONOBRAND STORES NETWORK • • – – 31/12/2014 31/12/2015 • Retail 134 173 Italy 19 19 EMEA (excl. Italy) 51 53 • Asia & RoW 50 82 Americas 14 19 Wholesale 38 34 TOTAL 172 207 10

  11. Slide 11: Tokyo

    TOKYO 11

  12. Slide 12: Consolidated Income Statement

    CONSOLIDATED INCOME STATEMENT FY 2015 FY 2014 Eur m % Eur m % Revenues 880.4 100.0% 694.2 100.0% YoY growth +27% +20% Cost of sales (225.5) (25.6%) (192.5) (27.7%) Gross margin 654.9 74.4% 501.7 72.3% Selling expenses (253.5) (28.8%) (183.0) (26.4%) General & Administrative expenses (79.5) (9.0%) (6

  13. Slide 13: Consolidated Capex

    CONSOLIDATED CAPEX (*) NET CAPEX ANALYSIS (Eur M) (%) on 1• 8% 7% revenues 66.2 49.5 2• 15.7 1.5 7.2 3• 5.8 49.0 36.5 Retail FY 2015 FY 2014 Wholesale Corporate 13

  14. Slide 14: Consolidated Net Working Capital

    CONSOLIDATED NET WORKING CAPITAL NET WORKING CAPITAL ANALYSIS (Eur M) 1• (%) on LTM 13% 14% revenues 110.9 97.1 2• 89.8 86.6 3• 134.1 122.8 (113.0) (112.3) Account payables 31/12/2015 31/12/2014 Inventory Account receivables 14

  15. Slide 15: Consolidated Net Financial Position

    CONSOLIDATED NET FINANCIAL POSITION NET DEBT ANALYSIS (Eur M) 1• 49.6 111.2 2• 154.3 127.0 3• 71.2 80.3 (123.4) (148.6) Cash and cash equivalents 31/12/2015 31/12/2014 Short-term borrowings Long-term borrowings 15

  16. Slide 16: Consolidated Balance Sheet Statement

    CONSOLIDATED BALANCE SHEET STATEMENT 31/12/2015 31/12/2014 Eur m Eur m Intangible Assets 423.6 414.4 Tangible Assets 102.2 77.3 Other Non-current Assets/(Liabilities) 13.7 (14.7) Total Non-current Assets 539.5 477.0 Net Working Capital 110.9 97.1 Other Current Assets/(Liabilities) (43.7) (34.1) Tota

  17. Slide 17: Consolidated Cash Flow Statement

    CONSOLIDATED CASH FLOW STATEMENT FY 2015 FY 2014 Eur m Eur m EBITDA Adjusted 300.0 232.9 Change in Net Working Capital (13.8) (50.2) Change in other curr./non-curr. assets/(liabilities) (16.6) 25.1 Capex, net (66.2) (49.5) Operating Cash Flow 203.4 158.3 Net financial result (1.7) (6.1) Taxes (83.1)

  18. Slide 18: Appendix

    it MONCLER Appendix

  19. Slide 19: Quarterly Revenue Breakdown by Region and Channel

    QUARTERLY REVENUE BREAKDOWN BY REGION AND CHANNEL Q1 YoY growth Q2 YoY growth Q3 YoY growth Q4 YoY growth Eur m 2015 2014 Rep. ex FX 2015 2014 Rep. ex FX 2015 2014 Rep. ex FX 2015 2014 Rep. ex FX Italy 34.9 32.6 +7% +7% 16.6 14.9 +11% +11% 56.0 56.3 -1% -1% 29.6 26.8 +10% +10% EMEA (excl. Italy) 64.

  20. Slide 20: Quarterly Consolidated Income Statement

    QUARTERLY CONSOLIDATED INCOME STATEMENT Q1 2015 Q1 2014 Q2 2015 Q2 2014 Q3 2015 Q3 2014 Q4 2015 Q4 2014 Eur m % Eur m % Eur m % Eur m % Eur m % Eur m % Eur m % Eur m % Revenues 201.0 100.0% 145.4 100.0% 94.8 100.0% 72.9 100.0% 265.7 100.0% 231.0 100.0% 318.9 100.0% 244.9 100.0% YoY growth +38% +16%

  21. Slide 21: Shareholding Structure, Upcoming Events, IR Contacts

    SHAREHOLDING STRUCTURE, UPCOMING EVENTS, IR CONTACTS SHAREHOLDING • • • 31.9% Ruffini Partecipazioni S.r.l. 15.5% ECIP M S.A. 6.1% T. Rowe Price Associates, Inc. • 46.5% Market 21

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