Aeffe S.p.a. · MIL:AEF
Aeffe — H1 2012 Earnings Presentation
15 slides from Aeffe's earnings presentation, Jul 27, 2012
Slide 1: First Half 2012 Results Presentation
First Half 2012 Results Presentation 27, July 2012
Slide 2: 1H 2012 Key Facts
1H 2012 Key Facts Consolidated Revenues +1.4% at € 121.6m, (-0.2% at constant exchange rates) Consolidated EBITDA for € 7.1m, compared to an EBITDA of € 4.4m in 1H 2011 Consolidated Net Loss at € 4.3m, compared to a Net Loss of € 5.1m in 1H 2011 Consolidated Net Financial Debt of € 101.6m (€ 98.1m a
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1H 2012 1H 2011 (€m) (€m) % on Total Sales % on Total Sales 100 -3.2% * vs 1H 2011 100 Footwear & Leather Footwear Goods 90 90 22% 25% & Leather Goods 80 80 75% 39,9 78% 38,9 Prêt à Prêt à porter porter 70 70 60 60 50 50 40 40 +13.5% * vs 1H 2011 30 30 58,3 58 11,9
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1H 2012 1H 2011 (€m) (€m) % on Total Sales % on Total Sales +3.9% * 70 70 Pollini Pollini 13% 12% J.P. J.P. Gaultier Gaultier 5% 5% 60 Moschino 59% 60 5% Others 4% Others Moschino 57% 28,1 19% 28,2 21% Alberta Alberta Ferretti Ferretti 50 50 40 40 30 30 (8.9%) * 43,6 20
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1H 2012 1H 2011 (€m) (€m) % on Total Sales % on Total Sales (4.2%) * 50 50 Russia USA Russia USA Japan Japan 8% 8% 9% 7% 7% 8% 45 45 20% 14% 21% 14% Europe RoW Europe RoW 21,2 40 20,1 40 41% 43% 35 Italy 35 Italy 30 30 (1.1%) * 25 25 20 8,9 20 8,9 (2.8%) * 15 29,9 15 30
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1H 2012 1H 2011 (€m) (€m) % on Total Sales % on Total Sales +0.3% * 70 70 Retail 32% Retail 31% 24,7 60 25,5 6% Royalties 60 7% Royalties 62% 62% 50 50 Wholesale Wholesale 40 (0.4)% * 40 30 18,5 30 18,5 50,6 48,8 20 20 10 19,9 (3.8%) * 10 18,9 3,9 4,0 4,0 4,2 0 0 Whole
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS Franchising 7
Slide 8: Income Statement – 1H 2012/2011
Income Statement – 1H 2012/2011 (€m) 8
Slide 9: Summary Balance Sheet
Summary Balance Sheet (em) Net Working Capital Net Tangible Assets Net Intangible Assets Net Financial Assets Severance Staff, Provisions & Others Net Capital Employed Group Shareholders' Equity Minorities Shareholders' Equity & Minorities Net Debt Shares Buyback Net Financial Debt and Shareholders’
Slide 10: Summary Cash Flow
Summary Cash Flow (em) PBT Operating Cash Flow Capital Expenditure Free Cash Flow Cash Flows from Financing Activities Cash and cash equivalents at the beginning of the year Cash Flow of the Period Cash and cash equivalents at the end of the year 10 2,4 84 (2,3) (10,5) 3,5 0,5 4S 3,9 8,4 (0,7) 3,8 A
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% Simone Badioli Tullio General Badioli 5% Manager/CFO Marcello Tassinari Mediobanca 2% Investor Relation Communication and Manager
Slide 13: Cash Flow Statement
Cash Flow Statement (€m) poe 1 M2 vn. IW PBT ' (3,6) ' (1,2) (4,6) Depreciation & Amortisation 68 14,8 6,9 Provisions & Impairments (0,2) (1,6) (1,0) Taxes (1.8) (2.6) (1,0) Net Interest | 3,9 48 2,0 Change in other liabilities / (assets) ' (10,2) (0,2) (5,3) Operating Cash Flow (5,1) H 14,0 (3,0) C
Slide 14: Income Statement – Full Year 2009-2011
Income Statement – Full Year 2009-2011 (€m) 14
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 or redistributed. Persons into whose possession the content of this presentation come should