Aeffe S.p.a. · MIL:AEF
Aeffe — 9M 2011 Earnings Presentation
15 slides from Aeffe's earnings presentation, Nov 9, 2011
Slide 1: Nine Months 2011 Results Presentation
Nine Months 2011 Results Presentation 9, November 2011
Slide 2: 9M 2011 Key Facts
9M 2011 Key Facts Consolidated Revenues +14% at € 197.4m, (+14.3% at constant exchange rates) Consolidated EBITDA for € 19.1m, compared to an EBITDA of € 5.9m in 9M 2010 Consolidated Net Profit at € 0.1m, compared to a Net Loss of € 5.0m in 9M 2010 Consolidated Net Financial Debt of € 107.6m (€ 95.5
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 9M 2011 9M 2010 (€m) (€m) % on Total Sales % on Total Sales 157,8 160 160 +10.7% * vs 9M 2010 Footwear & Leather Footwear 143,1 Goods 21% 24% & Leather 140 Goods 140 76% 79% 59,6 Prêt à 120 Prêt à 120 porter porter 57,3 100 100 80 80 39,9 34,6 60 50,7 60 +31.0% * v
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 9M 2011 9M 2010 (€m) 109,7 (€m) % on Total Sales % on Total Sales 100 +13.4% * 100 97,1 Pollini Pollini 90 13% 13% J.P. 41,8 J.P. 90 Gaultier Gaultier 5% 5% Moschino 56% 3% Others 80 5% Others Moschino 58% 80 37,5 21% 21% Alberta Alberta 70 Ferretti 70 Ferretti 60 60 28,
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 9M 2011 9M 2010 (€m) (€m) 84,1 % on Total Sales % on Total Sales +14.4% * 80 80 Russia USA Russia USA Japan Japan 7% 7% 8% 73,6 6% 9% 8% 70 21% 14% 70 22% 12% 32 Europe RoW Europe RoW 60 43% 60 29,5 43% Italy Italy 50 50 41,8 +11.8%* 21,2 37,5 40 40 17,9 17,1 26,2 30 30
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 9M 2011 9M 2010 (€m) (€m) % on Total Sales % on Total Sales 140 140 125,6 Retail 30% Retail +18.0% * 30% 120 6% Royalties 120 7% Royalties 109,8 64% 63% 100 51,3 100 Wholesale Wholesale 46,6 80 80 58,7 25,5 +16.2 % * 60 60 51,4 21,6 21,3 40 40 19,5 18,5 48,8 13,1 16,2
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS Franchising 7
Slide 8: Income Statement – 9M 2011/2010
Income Statement – 9M 2011/2010 (€m) 8
Slide 9: Summary Balance Sheet
Summary Balance Sheet (em) ' SMM} FY 10 9M10 Net Working Capital i 87,4 68,4 82,9 Net Tangible Assets 73,9 75,6 76,2 Net Intangible Assets 149,7 154, 158,3 Net Financial Assets 3,0 29 3,0 Severance Staff, Provisions & Others (51,4) (50,0) (51,6) Net Capital Employed 262,6 251,0 268,7 Group Sharehold
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) i 1 ' 9M 11 1 FY 10 9M 10 I ' 1 PBT 1 5,2 (14,6) (5,3) Operating Cash Flow ' (3,4) 0,7 (11,0) ! L r I Capital Expenditure 1 37) | (6.2) (4.1) ' I Free Cash Flow i (7,1) ' (5,5) (15,1) ' 1 + T I Cash Flows from Financing Activities ' 6.8 4,7 14,5 ' I ' I ! I ' 1 I Cash and cash
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 25% 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 a a F110 om.10 PBT ' 52 i (14,6) (5,3) Depreciation & Amortisation 10,3 16,7 10,2 Provisions & Impairments (1,2) (0,4) (0,5) Taxes (1,3) (2,2) (1,4) Net Interest 3,6 15 1 Change in other liabilities / (assets) (20,0) (0,3) (14,9) Operating Cash Flow ' (3,4) 0,7 (11,0) Capital exp
Slide 14: Income Statement – Full Year 2008-2010
Income Statement – Full Year 2008-2010 (€m) 2010A 2009A 2008A Net Sales 219,2 217,04 294,7 % change 1,0% (26,3%) 0,5% Other Revenues 5,9 5,9 6,05 Total Revenues 225,1 222,9 300,7 % change 1,0% (26,1%) 0,6% Raw Materials Costs (63,2) (69,6) (79,2) Service Costs (70,5) (79,5) (103,1) Cost for use of t
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