Aeffe S.p.a. · MIL:AEF
Aeffe — 9M 2009 Earnings Presentation
15 slides from Aeffe's earnings presentation, Nov 12, 2009
Slide 1: Nine Months 2009 Results Presentation
Nine Months 2009 Results Presentation 12, November 2009
Slide 2: 9M 09 Key Facts
9M 09 Key Facts Consolidated Revenues -25.8% at € 175.7m, (-26.6% at constant exchange rates and excluding the effect of the termination of the Narciso Rodriguez licence ) Consolidated EBITDA negative for € 5.9m Consolidated Net Loss at € 11.7m Consolidated Net Financial Debt of € 94.2m (€ 66.8m as
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division (1) 9M 2009 9M 2008 (€m) (€m) 180 (23.6%) 180 160 (24.5%) 160 71.4 140 140 120 53.5 120 100 100 46.0 80 80 32.3 (33.6%) 60 60 (33.6%) 25.0 40 40 70.6 13.6 12.9 57.9 20 9.3 20 18.3 24.2 0 0 Prêt à porter Footwear & Leather Goods Prêt à porter Footwear & Leather Goods 1
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 9M 2009 9M 2008 (€m) (€m) (16.5%) 100 (18.8%) 120 90 80 100 33,9 70 40.3 (25.3%) 80 60 50 (25.5%) (40.0%) 23,0 60 30.6 40 (37.6%) (40.1%) 15,7 (44.2%) 20.9 30 (38.6%) 40 (36.6%) 17.8 20 8,3 8,8 35,7 12.1 5,3 4,8 1,4 20 40.1 7.9 10 14,6 10.1 3.1 11,5 1,0 1,2 18.7 17 1.6 6
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 9M 2009 9M 2008 (€m) (€m) 90 90 (21.9%) 80 80 (21.5%) 35.7 70 70 60 26,1 60 50 (24.6%) 50 20.1 40 (23.6%) 16,5 (28.4%) 40 21.3 30 15,1 (47.6%) (31.9%) (6.0%) (29.1%) 30 14.4 (47.6%) (35.1%) (19.0%) 9,2 10.6 20 7,8 20 29,9 37.1 8.5 7.0 7.7 5,3 10 4,3 4,8 5,1 5.4 16 2,6 3
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 9M 2009 9M 2008 (€m) (€m) (31.8%) (32.4%) 120 180 160 100 44,1 140 69.3 80 120 (8.6%) 100 60 20,1 (10.3%) 33.4 80 40 16,1 (13.8%) 60 53,1 (13.8%) 40 16.9 20 14,4 69.3 4,4 20 16.1 5.9 14,4 4,3 16.1 4.8 0 4,8 0 4.9 W holesale Retail Royalties W holesale Retail Royalties
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 9M09 FY08 Europe 40 38 USA 3 3 Asia 38 38 Total 81 79 Franchising 9M09 FY08 Europe 55 50 USA 7 7 Asia 87 81 Total 149 138 7
Slide 8: Income Statement – 9M 2009/2008
Income Statement – 9M 2009/2008 (€m) 9M 09 9M 08 Net Sales 175,689 236,8 % change (25,8%) 1,2% Other Revenues 4,3 4,3 Total Revenues 180,0 241,1 % change (25,3%) 1,0% Raw Materials Costs (57,3) (63,2) Service Costs (62,3) (79,0) Costs for use of third parties (14,7) (13,4) Personnel (48,0) (46,5) Ot
Slide 9: Summary Balance Sheet
Summary Balance Sheet (€m) 9M 09 FY08 9M 08 Net Working Capital 84,3 73,5 81,6 Net Tangible Assets 77,1 78,4 75,3 Net Intangible Assets 166,8 169,1 171,7 Net Financial Assets 2,5 2,7 2,6 Severance Staff, Provisions & Others (55,9) (60,9) (64,0) Net Capital Employed 274,8 262,8 267,2 Group Shareholde
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 9M 09 FY08 9M 08 PBT (16,8) 15,2 24,2 Operating Cash Flow (19,0) 2,3 (3,5) Capital Expenditure (17,1) (11,6) Free Cash Flow (23,2) (14,8) (15,1) Cash Flows from Financing Activities 22,6 7,9 14,5 Cash and cash equivalents at the beginning of the year 7,7 14,5 14,5 Cash Flow of
Slide 11: Appendices
Appendices
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
Slide 13: Cash Flow Statement
Cash Flow Statement (€m) 9M 09 FY08 9M 08 PBT (16,8) 15,2 24,2 Depreciation & Amortisation 7,9 12,4 7,9 Provisions & Impairments (1,1) (0,7) (0,5) Taxes (2,1) (12,3) (9,4) Net Interest 3,0 6,6 4,2 Change in other liabilities / (assets) (9,9) (18,9) (29,9) Operating Cash Flow (19,0) 2,3 (3,5) Capital
Slide 14: Income Statement – Full Year 2006-2008
Income Statement – Full Year 2006-2008 (€m) 2008A 2007A 2006A Net Sales 294.7 293.2 266.1 % growth 0.5% 10.2% 10.0% Other Revenues 6.0 3.5 4.7 Non-Recurring Revenues - 2.2 4.2 Total Revenues 300.7 298.9 275.1 % growth 0.6% 8.7% 10.1% Raw Materials Costs 79.2 80.9 74.2 Service Costs 103.0 95.7 87.8 C
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