Aeffe S.p.a. · MIL:AEF
Aeffe — H1 2018 Earnings Presentation
14 slides from Aeffe's earnings presentation, Jul 27, 2018
Slide 1: AEFFE First Half 2018 Consolidated Financial Results Presentation
AEFFE First Half 2018 Consolidated Financial Results Presentation 27h July 2018
Slide 2: 1H 2018 Key Facts
1H 2018 Key Facts Consolidated Revenues +15.0% at €171.1m, (+14.1% at current exchange rates) Consolidated EBITDA for €21m, compared to an EBITDA of € 15.5m in 1H 2017, with a €5.5m increase (+35.3%) Net Profit for the Group at €8.3m, compared to a Net Profit of €4.6m in 1H 2017, with a €3.7m
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1H 2018 1H 2017 (€m) (€m) % on Total Sales % on Total Sales 131.7 140 140 +14.3% * vs 1H 2017 Footw ear Footw ear & Leather & Leather 130 130 Goods Goods 31% 116.3 30% 120 120 110 69% 110 70% 100 59,6 Prêt à 100 Prêt à porter porter 90 90 54,9 80 80 70 58.1 70 +15.
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1H 2018 1H 2017 (€m) (€m) % on Total Sales % on Total Sales 122.3 130 130 12%Pollini +17.5% * Philosophy di 10% 120 10% Lorenzo Serafini 120 6% 6% 3% 110 104.8 4% Others 110 71% 70% Alberta 10% 10% 100 Ferretti 100 57,7 90 Moschino 90 80 51,5 80 70 70 60 60 50 50 40 40 6
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1H 2018 1H 2017 (€m) (€m) % on Total Sales % on Total Sales 90,0 Russia USA 90,0 81.2 Russia USA 3% 5% 3% 7% RoW +12.7% * Europe RoW 21% 80,0 23% 80,0 Europe 21% 21% 72.1 70,0 48% 70,0 48% Italy Italy 35,9 60,0 60,0 33,8 50,0 50,0 39.6 36.1 40,0 +26.0% * 40,0 +13.4% * 3
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1H 2018 1H 2017 (€m) 123.9 (€m) % on Total Sales % on Total Sales 130 +18.7% * 130 120 Retail Retail 25% 120 27% 110 3% Royalties 110 105.2 3% Royalties 100 52,7 100 72% 70% 90 Wholesale 90 Wholesale 80 80 47,7 70 70 60 60 50 42.2 50 +6.1% * 40.0 40 40 71,2 30 20,7 30
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 1H18 FY17 Europe 44 44 America 2 3 Asia 18 16 Total 64 63 Franchising 1H18 FY17 Europe 47 49 America 1 1 Asia 141 135 Total 189 185 7
Slide 8: Income Statement – 1H 2018/2017
Income Statement – 1H 2018/2017 (€m) 1H 18 1H 17 Net Sales 171,1 150,0 % change 14,1% Other Revenues 2,3 1,4 Total Revenues 173,4 151,3 % change 14,6% Raw Materials Costs (54,9) (47,3) Service Costs (49,3) (42,6) Costs for use of third parties (12,6) (11,5) Personnel (33,8) (32,4) Other Operating Ex
Slide 9: Balance Sheet
Balance Sheet 1H 18 FY 17 1H 17 (€m) Net Working Capital 83,9 81,3 88,4 Net Tangible Assets 58,7 59,1 60,1 Net Intangible Assets 106,5 109,7 112,5 Net Financial Assets 3,0 3,7 3,5 Severance Staff, Provisions & Others (23,5) (24,8) (25,3) Net Capital Employed 228,6 229,0 239,1 Group Shareholders' Equ
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 1H 18 FY 17 1H 17 PBT 13,9 18,9 7,4 Operating Cash Flow 11,5 17,2 (3,5) Capital Expenditure (2,8) (3,8) (1,9) Free Cash Flow 8,7 13,4 (5,4) Cash Flows from Financing Activities (9,4) (5,1) 0,6 Cash and cash equivalents at the beginning of the year 22,8 14,5 14,5 Cash Flow of t
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 Managing Director Tullio Marcello Tassinari Badioli Investor Relation Communication and 3% Manager Marketing Annalisa Aldrovandi Carlo
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