Aeffe S.p.a. · MIL:AEF
Aeffe — FY2017 Earnings Presentation
14 slides from Aeffe's earnings presentation, Mar 8, 2018
Slide 1: AEFFE FY2017 Consolidated Financial Results Presentation
AEFFE FY2017 Consolidated Financial Results Presentation 8th March 2018
Slide 2: FY 2017 Key Facts
FY 2017 Key Facts Consolidated Revenues +11.6% at € 312.6m, (+11.4% at current exchange rates) Consolidated EBITDA for € 36.6m, compared to an EBITDA of € 25.2m in 2016, with a €11.4m increase (+45%) Consolidated Net Profit for the Group at €11.5m, compared to a Net Profit of € 3.6m in 2016, w
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) FY 2017 FY 2016 (€m) (€m) 239,8 % on Total Sales % on Total Sales +11.4% * vs FY 2016 Footwear 240 240 & Leather Footwear Goods 215,8 31% 220 31% & Leather 220 Goods 59,9 200 200 69% 69% Prêt à 51,9 Prêt à porter 180 180 porter 160 160 63,6 140 140 56,9 108,2 120 +
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand FY 2017 FY 2016 (€m) (€m) % on Total Sales % on Total Sales 220,7 +11.8% * 220 220 12% Pollini Philosophy di 197,7 11% Lorenzo Serafini 200 11% 200 5% 57,3 5% 6% Others 71% 3% 70% 180 180 8% Alberta 10% 50,2 Ferretti 160 160 Moschino 140 140 58,6 120 120 52,1 100 100 80
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region FY 2017 FY 2016 (€m) (€m) % on Total Sales % on Total Sales 152,1 160,0 160,0 Russia +20,7% * USA 3% 6% 3% RoW 8% Europe 21% 140,0 22% 140,0 22% 22% 36,1 126,1 48% 120,0 45% 120,0 Italy 29,6 100,0 100,0 43,9 80,0 35,9 80,0 67,8 65,0 +13,6%* 62,6 +3.7% * 60,0 60,0 60,0 1
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel FY 2017 FY 2016 (€m) 219,2 (€m) % on Total Sales % on Total Sales +9.0% * 220 Retail 220 Retail 200 27% 201,3 25% 54,8 200 3% Royalties 3% Royalties 180 180 48,5 70% 72% 160 Wholesale 160 Wholesale 140 59,2 140 120 53,6 120 100 83,3 100 +18,9% * 80 47,7 80 43,5 70,3 20
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS FY17 FY16 Europe 44 45 America 3 3 Asia 16 16 Total 63 64 Franchising FY17 FY16 Europe 49 50 America 1 2 Asia 135 139 Total 185 191 7
Slide 8: Income Statement – FY 2017/2016
Income Statement – FY 2017/2016 (€m) 2017A 2016A Net Sales 312,6 280,7 % change 11,4% Other Revenues 3,8 6,8 Total Revenues 316,4 287,5 % change 10,1% Raw Materials Costs (96,1) (90,7) Service Costs (91,0) (81,3) Costs for use of third parties (23,3) (22,8) Personnel (65,3) (63,5) Other Operating Ex
Slide 9: Summary Balance Sheet
Summary Balance Sheet (€m) FY 17 FY 16 Net Working Capital 81,3 73,1 Net Tangible Assets 59,1 61,4 Net Intangible Assets 109,7 115,1 Net Financial Assets 3,7 4,1 Severance Staff, Provisions & Others (24,8) (26,1) Net Capital Employed 229,0 227,6 Group Shareholders' Equity 146,1 135,8 Minorities 32,3
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) FY 17 FY 16 PBT 18,9 8,3 Operating Cash Flow 17,2 10,7 Capital Expenditure (3,8) (2,3) Free Cash Flow 13,4 8,4 Cash Flows from Financing Activities (5,1) (3,9) Cash and cash equivalents at the beginning of the year 14,5 10,0 Cash Flow of the Period 8,3 4,5 Cash and cash equiva
Slide 11: Appendices
Appendices
Slide 12: Income Statement – Full Year 2015-2017
Income Statement – Full Year 2015-2017 (€m) 2017A 2016A 2015A Net Sales 312,6 280,7 268,8 % change 11,4% 4,4% 6,9% Other Rev enues 3,8 6,8 5,2 Total Revenues 316,4 287,5 274,0 % change 10,1% 4,9% 20,1% Raw Materials Costs (96,1) (90,7) (86,2) Serv ice Costs (91,0) (81,3) (79,2) Cost for use of third
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 Badioli Marcello Tassinari 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