Aeffe S.p.a. · MIL:AEF

Aeffe — FY2009 Earnings Presentation

15 slides from Aeffe's earnings presentation, Mar 11, 2010

  1. Slide 1: Full Year 2009 Results Presentation

    Full Year 2009 Results Presentation 11, March 2010

  2. Slide 2: FY 09 Key Facts

    FY 09 Key Facts Consolidated Revenues -26.3% at € 217m, (-26.7% at constant exchange rates) Consolidated EBITDA negative for € 12.9m Consolidated Net Loss at € 20.1m Consolidated Net Financial Debt of € 87.7m (€ 66.8m as of 31 December 2008) 227 Mono Brand Stores (vs. 217 at the end of 2008) 2

  3. Slide 3: Net Sales Breakdown by Division

    Net Sales Breakdown by Division(1) FY 2009 FY 2008 (€m) (€m) % on Total Sales % on Total Sales 200 250 178.2 Footw ear 236.7 Footw ear & Leather & Leather -25.1% vs 2008 180 Goods 24% Goods 22% 48.7 160 34.5 200 78% 76% Prêt à Prêt à 140 porter porter 120 150 71.4 53.5 100 80 100 32.3 46.0 50.3 75.4

  4. Slide 4: Net Sales Breakdown by Brand

    Net Sales Breakdown by Brand FY 2009 FY 2008 (€m) 115.9 (€m) % on Total Sales % on Total Sales 120 -20.1% 160 Pollini Pollini 110 142.9 J.P. 15% J.P. 17% 23.3 140 Gaultier 6% Gaultier 8% 100 Moschino 53% 4% Others 5% Others Moschino 48% 31.9 90 22% 120 22% Alberta Alberta Ferretti Ferretti 80 33.9 1

  5. Slide 5: Net Sales Breakdown by Region

    Net Sales Breakdown by Region FY 2009 FY 2008 (€m) (€m) % on Total Sales % on Total Sales 100 Russia USA 140 Russia USA 89.6 Japan Japan -21.8% 7% 8% 8% 9% 7% 6% 90 Europe RoW RoW 22% 15% 120 115.0 Europe 23% 15% 80 17.1 41% 22.1 39% 70 100 Italy Italy 60 26.1 48.5 80 35.7 68.9 -28.7% 50 9.6 60 17.2

  6. Slide 6: Net Sales Breakdown by Channel

    Net Sales Breakdown by Channel FY 2009 FY 2008 (€m) (€m) % on Total Sales % on Total Sales 160 250 142.5 Retail Retail -33.1% 27% 22% 140 212.0 7% Royalties 6% Royalties 25.2 200 66% 40.0 72% 120 Wholesale Wholesale 100 44.1 150 69.3 80 59.7 20.1 -8.0% 100 60 33.4 14.8 64.3 40 16.1 15.2 50 53.1 14.8

  7. Slide 7: Mono-brand Stores Network

    Mono-brand Stores Network DOS FY09 FY08 Europe 38 38 USA 3 3 Asia 38 38 Total 79 79 Franchising FY09 FY08 Europe 52 50 USA 7 7 Asia 89 81 Total 148 138 7

  8. Slide 8: Income Statement – FY 2009/2008

    Income Statement – FY 2009/2008 (€m) FY 09 FY 08 Net Sales 217,04 294,7 % change (26,3%) 0,5% Other Revenues 5,9 6,05 Total Revenues 222,9 300,7 % change (26,1%) 0,6% Raw Materials Costs (69,6) (79,2) Service Costs (79,5) (103,1) Costs for use of third parties (19,2) (17,9) Personnel (63,1) (61,7) O

  9. Slide 9: Summary Balance Sheet

    Summary Balance Sheet FY 09 FY08 (€m) Net Working Capital 67,8 73,5 Net Tangible Assets 76,6 78,4 Net Intangible Assets 157,01 169,2 Net Financial Assets 2,8 2,7 Severance Staff, Provisions & Others (46,0) (61,0) Net Capital Employed 258,2 262,8 Group Shareholders' Equity 143,2 165 Minorities 27,3 3

  10. Slide 10: Summary Cash Flow

    Summary Cash Flow (€m) FY 09 FY08 PBT (30,8) 15,2 Operating Cash Flow (10,6) 2,3 Capital Expenditure (4,2) (17,1) Free Cash Flow (14,8) (14,8) Cash Flows from Financing Activities 12,5 7,9 Cash and cash equivalents at the beginning of the year 7,7 14,5 Cash Flow of the Period -2,4 -6,8 Cash and cash

  11. Slide 11: Appendices

    ANE Appendices ad

  12. Slide 12: Company Profile

    Company Profile (1) Organisational Structure Ownership Structure Aeffe Fashion Group Chairman: Massimo Ferretti CEO: Simone Badioli IM Fashion Chief Executive Officer 24% Tullio Simone Badioli Badioli 2% General Manager/CFO Mediobanca Marcello Tassinari 2% Aeffe 5% Investor Relation Communication an

  13. Slide 13: Cash Flow Statement

    Cash Flow Statement (€m) FY 09 FY08 PBT (30,8) 15,2 Depreciation & Amortisation 13,6 12,4 Provisions & Impairments (1,0) (0,7) Taxes (1,8) (12,3) Net Interest 3,7 6,6 Change in other liabilities / (assets) 5,7 (18,9) Operating Cash Flow (10,6) 2,3 Capital expenditure for intangible assets 1,1 (1,0)

  14. Slide 14: Income Statement – Full Year 2007-2009

    Income Statement – Full Year 2007-2009 (€m) 2009A 2008A 2007A Net Sales 217,04 294,7 293,2 % change (26,3%) 0,5% 10,2% Other Revenues 5,9 6,05 3,5 Non-Recurring Revenues - 2,2 Total Revenues 222,9 300,7 298,9 % change (26,1%) 0,6% 8,7% Raw Materials Costs (69,6) (79,2) 80,9 Service Costs (79,5) (103

  15. 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, redistributed or passed on, in whole or in part, to any other person. Neither this presenta

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