Aeffe S.p.a. · MIL:AEF
Aeffe — FY2022 Earnings Presentation
17 slides from Aeffe's earnings presentation, Mar 15, 2023
Slide 1: Aeffe Group FY Consolidated Results Presentation
AEFFE GROUP AEFFE GROUP FY Consolidated FY Consolidated Results Presentation Revenues Presentation 15th March 2023 26th January 2023
Slide 2: Share Information and Disclaimer
SHARE INFORMATION AND 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 subscr
Slide 3: Highlights
HIGHLIGHTS CONSOLIDATED REVENUES +8,4% at EUR 352 million (+7.7% at constant exchange rates) EBITDA +0,6% at EUR 36 million (10.1% of revenues) NET LOSS at EUR 9 million compared with a net profit of EUR 12 million in 2021 which included non-recurring tax benefits of 9.5 million euros. FINANCIAL DEB
Slide 4: FY Financial Highlights
FY FINANCIAL HIGHLIGHTS NET SALES BREAKDOWN B Y BU S I N E S S BY CHANNEL * +7.7% FOOTWEAR & RETAIL 25% LEATHER GOODS 41% 352 WHOLESALE ROYALTIES 4% PRET À PORTER 59% 71% 325 BY BRAND BY REGION Usa; 7% Europe; 33% POLLINI 10% Asia & RoW; 19% OTHERS 1% MOSCHINO 78% ALBERTA FERRETTI 6% PHILOSOPHY 5% 2
Slide 5: FY Revenues by Business
FY REVENUES BY BUSINESS * +4.2% PRET A PORTER * +16.9% LEATHER GOODS Euro millions *At constant exchange rates Before inter-divisional eliminations 5
Slide 6: Revenues by Business by Q
REVENUES BY BUSINESS BY Q PRET A PORTER LEATHER GOODS Euro millions Before inter-divisional eliminations 6
Slide 7: FY Revenues by Region
* +9.4 % FY REVENUES BY REGION ITALY * +11.6 % EUROPE * (1.3) % ASIA & ROW * +5.6% Euro millions USA *At constant exchange rates 7
Slide 8: Revenues by Region by Q
REVENUES BY REGION BY Q ITALY EUROPE ASIA & ROW Euro millions USA 8
Slide 9: FY Revenues by Brand
* +5.0 % FY REVENUES BY BRAND * +23.7 % * +2.1 % * +17.8 % Euro millions 9 *At constant exchange rates
Slide 10: Revenues by Brand by Q
REVENUES BY BRAND BY Q Euro millions 10
Slide 11: FY Revenues by Channel
FY REVENUES BY CHANNEL * +3.4 % WHOLESALE * +21.5 % RETAIL * +9.5 % ROYALTIES Euro millions 11 * At constant exchange rates
Slide 12: Revenues by Channel by Q
REVENUES BY CHANNEL BY Q WHOLESALE RETAIL ROYALTIES Euro millions 12
Slide 13: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT IN C OME S T A T E ME N T F Y 22 F Y 21 (EUR MILLIONS) Net S a les 352.0 324.6 % change 8.4% Other R evenues 11.6 8.5 T o ta l R ev en u es 363.6 333.1 % change 9.1% R a w Ma teria ls C osts (135.2) (132.0) S ervice C osts (110.8) (93.2) C osts for use of third pa rties
Slide 14: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET B A LA NC E S HE E T 2022Y 2021Y (EUR MILLIONS) Net W orking C a pita l 113.0 79.8 Net Ta ngible A ssets 61.3 58.8 Net Inta ngible A ssets 66.0 68.9 Net Inta ngible A ssets for R ights of use - IF R S 16 110.6 86.0 Net F ina ncia l A ssets 0.2 1.6 S evera nce S ta ff, P ro
Slide 15: Consolidated Cash Flow
CONSOLIDATED CASH FLOW CASH FLOW 2022Y 2021Y (EUR MILLIONS) PBT (3.8) 6.3 Amortisation / write-downs 34.3 26.2 Accrual (+)/availment (-) of long term provisions (0.3) (0.2) Paid income taxes (2.2) (1.4) Financial income (-) and financial charges (+) 5.0 2.9 Change in operating assets and liabilities
Slide 16: Brand Moschino Growth Path
BRAND MOSCHINO GROWTH PATH Aeffe SpA acquires the minority stake (30%) in Moschino S.p.A. JULY 2021 Moschino opens its first 21 store in China: a new Retail Project for the brand JUNE 2022 New Moschino concept store opens in Via Spiga 26, Milan - Italy SEPT 2022 Moschino and Altana signed an agreeme
Slide 17: Sustainability Effort for a Sustainable Future
SUSTAINABILITY EFFORT FOR A SUSTAINABLE FUTURE AEFFE ENVIRONMENT AEFFE PEOPLE & KNOW HOW AEFFE GOVERNANCE • Photovoltaic System in the two • Focus on the entire Supply Chain main facilities of the group with a • Continuous investments in optimization with strong digitization and tech infrastructure