Aeffe S.p.a. · MIL:AEF
Aeffe — H1 2019 Earnings Presentation
14 slides from Aeffe's earnings presentation, Jul 30, 2019
Slide 1: AEFFE First Half 2019 Consolidated Financial Results Presentation
AEFFE First Half 2019 Consolidated Financial Results Presentation 30th July 2019
Slide 2: 1H 2019 Key Facts
1H 2019 Key Facts Consolidated Revenues +1.0% at € 173.3m, (+1.3% at current exchange rates); Consolidated EBITDA net of IFRS 16 effect for € 18.3m (10.6% of sales), compared to an EBITDA of € 21.0m (12.3% of sales) in 1H 2018 Net Profit for the Group net of IFRS 16 effect at € 5.2m, compared
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1H 2019 1H 2018 (€m) (€m) % on Total Sales % on Total Sales 132,2 140 140 +0.0% * vs 1H 2018 131,7 Footwear & Leather Footwear Goods 31% 31% & Leather 120 Goods 120 69% 69% Prêt à 54,3 Prêt à 100 porter 100 59,6 porter 80 80 60,7 +4.4% * vs 1H 2018 58,1 60 60 27,4
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1H 2019 1H 2018 (€m) (€m) % on Total Sales % on Total Sales 130,1 140 140 +6.1% * 12% Pollini Philosophy di 122,3 10% Lorenzo Serafini 10% 6% 120 5% 120 Others 75% 3% 2% 71% Alberta 8% 10% Ferretti 100 58,7 100 57,7 Moschino 80 80 60 60 40 40 71,4 64,6 14,2 16,5 8,9 (4.0
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1H 2019 1H 2018 (€m) (€m) % on Total Sales % on Total Sales 90,0 Asia & 90,0 80,1 RoW Asia & RoW Europe (1.3)% * Europe 27% 81,2 22% 21% 26% 80,0 80,0 5% Americas 5% Americas 70,0 46% 70,0 48% Italy (1) Italy (1) 34,0 35,9 60,0 60,0 45,5 50,0 50,0 +14.8% * 38,7 41,3 (6.
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1H 2019 1H 2018 (€m) (€m) % on Total Sales % on Total Sales 120,9 123,9 (2.8)% * Retail Retail 120 120 25% 27% 3% Royalties 3% Royalties 70% 100 45,2 100 72% 52,7 Wholesale Wholesale 80 80 60 60 46,2 +9.2% * 42,2 40 40 75,7 22,9 71,2 20,7 20 20 6,2 23,3 +23.2% * 21,5 5
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 1H19 FY18 Europe 44 44 America 2 2 Asia 18 18 Total 64 64 Franchising 1H19 FY18 Europe 44 45 America 1 1 Asia 133 138 Total 178 184 7
Slide 8: Income Statement – 1H 2019/2018
Income Statement – 1H 2019/2018 (€m) 1H 19 including IFRS IFRS 16 effects 1H 19 excluding 16 effects (See Note 1) IFRS 16 effects 1H 18 Net Sales 173,3 173,3 171,1 % change 1,3% Other Revenues 4,3 4,3 2,3 Total Revenues 177,6 177,6 173,4 Note 1: IFRS 16 effects on Profit & Loss statement: % change 2
Slide 9: Summary Balance Sheet
Summary Balance Sheet (€m) 1H 19 FY 18 1H 18 Net Working Capital 98,6 85,7 83,9 Note 2: IFRS 16 effects on Balance Sheet: - Fixed Assets increase of €126.8m from the right to use the leased assets (including the Net Tangible Assets 60,0 60,3 58,7 reclassification of €23.0m relating to the key money
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 1H 19 FY 18 1H 18 PBT 11,5 28,8 13,9 Operating Cash Flow 6,8 25,5 11,5 Capital Expenditure (2,3) (7,9) (2,8) Capital Expenditure for Rights of use - IFRS 16 (1,8) Free Cash Flow 4,5 17,6 8,7 Cash Flows from Financing Activities (1,4) (12,4) (9,4) Cash and cash equivalents at t
Slide 11: Appendices
9 ' r MOSCHINO Appendices
Slide 12: Income Statement – Full Year 2016-2018
Income Statement – Full Year 2016-2018 (€m) 2018A 2017A 2016A Net Sales 346,6 312,6 280,7 % change 10,9% 11,4% 4,4% Other Rev enues 5,4 3,8 6,8 Total Revenues 352,0 316,4 287,5 % change 11,2% 10,1% 4,9% Raw Materials Costs (110,3) (96,1) (90,7) Serv ice Costs (100,6) (91,0) (81,3) Cost for use of th
Slide 13: Company Profile
Company Profile Organisational Structure Ownership Structure (1) AEFFE FASHION GROUP IM Fashion Chairman: Massimo Ferretti 24% Chief Executive Officer Simone Badioli Managing Director Marcello Tassinari Investor Relation Communication and Manager Annalisa Aldrovandi Marketing Andrea Caravita Market
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