Moncler Spa · MIL:MONC
Moncler Spa — Moncler Spa Ord — FY 2024 Earnings Presentation
38 slides from Moncler Spa's earnings presentation, Feb 13, 2025
Slide 1: FY 2024 Financial Results
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025
Slide 2: Speakers
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 2 SPEAKERS REMO RUFFINI GINO FISANOTTI ROBERT TRIEFUS Group Chairman and CEO Moncler Chief Brand Officer Stone Island CEO ROBERTO EGGS LUCIANO SANTEL ELENA MARIANI Group Chief Business Strategy Group Chief Corporate and Group Strategic Planning and and Glob
Slide 3: Remo Ruffini, Group Chairman and CEO
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 3 REMO RUFFINI Group Chairman and CEO
Slide 4: CEO message on 2024 results
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 4 “In 2024 our Group achieved remarkable results and showed strong resilience in a complex and volatile environment. Both Moncler and Stone Island delivered double-digit growth in the DTC channel, driving Group revenues over €3.1 billion while maintaining a
Slide 5: Moncler Group FY 2024 Results Highlights
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 5 MONCLER GROUP | FY 2024 RESULTS HIGHLIGHTS (1) GROWTH AT CFX YOY GROUP REVENUES MONCLER REVENUES STONE ISLAND REVENUES FY 2024 FY 2024 FY 2024 EUR 3,108.9m (+7%) EUR 2,707.3m (+8%) EUR 401.6m (-1%) Q4 2024 Q4 2024 Q4 2024 EUR 1,243.2m (+8%) EUR 1,134.1m (
Slide 6: Gino Fisanotti, Moncler Chief Brand Officer
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 6 GINO FISANOTTI Moncler Chief Brand Officer
Slide 7: The City of Genius
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 7 THE CITY OF GENIUS Q4 HIGHLIGHTS A CO-CREATED METROPOLIS OF CREATIVITY INVITED THE WORLD TO ‘LIVE GENIUS’ IN SHANGHAI On 19th October, Moncler unveiled in Shanghai an immersive vision of creativity, culture, and energy, closing Fashion Week with an imagin
Slide 8: Moncler | Genius
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 8 MONCLER | GENIUS Q4 HIGHLIGHTS MONCLER X LULU LI MONCLER + RICK OWENS MONCLER X WILLOW SMITH MONCLER X PALM ANGELS Lulu Li is a multifaceted cross-disciplinary An atmospheric environment housed an all- Willow Smith’s debut ready-to-wear collection Nostalg
Slide 9: Moncler | Grenoble
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 9 MONCLER | GRENOBLE Q4 HIGHLIGHTS MONCLER GRENOBLE FALL/WINTER 2024 MONCLER GRENOBLE FALL/WINTER 2024 ‘WINTER CAN’T WAIT’ A SHORT FILM BY PAOLO COLLECTION CAMPAIGN SORRENTINO The Moncler Grenoble Fall-Winter 2024 collection, which made The unique fusion of
Slide 10: Moncler | Collection
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 10 MONCLER | COLLECTION Q4 HIGHLIGHTS RE/ICONS: MONCLER VERONE In the spirit of Moncler’s constant pursuit of evolution and reinvention, while remaining true to its heritage and DNA, the Moncler RE/ICONS series transforms a legendary style from the brand’s
Slide 11: Robert Triefus, Stone Island CEO
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 11 ROBERT TRIEFUS Stone Island CEO
Slide 12: Stone Island | Product
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 12 STONE ISLAND | PRODUCT Q4 HIGHLIGHTS THE PRESIDENT’S KNIT: FEATURING CARLO RIVETTI STONE ISLAND HOLIDAY_ESSENTIALS SAGE ELSESSER WEARS METAL MESH PVD AND IN A HARRODS’ EXCLUSIVE VERSION NANOTECHNOLOGY JACKET Paying homage to an iconic figure within the h
Slide 13: Stone Island | Distribution
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 13 STONE ISLAND | DISTRIBUTION Q4 HIGHLIGHTS THE STORE AT LOTTE BUSAN - SOUTH KOREA STONE ISLAND AND HOLT RENFREW PRESENTED STONE ISLAND’S HARRODS TAKEOVER MATERIAL RESEARCH ‘984 - ‘024’ On 31st October, Stone Island opened in a new location at Lotte A new
Slide 14: Stone Island | Marketing
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 14 STONE ISLAND | MARKETING Q4 HIGHLIGHTS PICTURES TBU INFINITE COLOURS DIRECTED BY KEN-TONIO STONE ISLAND | STORIA: UPDATED STONE ISLAND SOUND | SOUND AS A FORM OF YAMAMOTO RESEARCH Stone Island presents Infinite Colours, a feature-length film Storia is a
Slide 15: Roberto Eggs, Group Chief Business Strategy and Global Market Officer
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 15 ROBERTO EGGS Group Chief Business Strategy and Global Market Officer
Slide 16: Moncler | Revenues by Geography
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 16 MONCLER | REVENUES BY GEOGRAPHY MONCLER REVENUES (EUR M; CFX GROWTH %) Q4 FY FY 2024 Moncler brand revenues reached EUR 2,707.3m, +8% vs FY 2023. +8% +8% Q4 revenues were up 8% YoY, 1,134.1 2,707.3 accelerating compared with Q3. 1,076.9 2,573.2 +5% 160.0
Slide 17: Moncler | Revenues by Channel
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 17 MONCLER | REVENUES BY CHANNEL MONCLER REVENUES (EUR M; CFX GROWTH %) Q4 FY Moncler DTC (1) revenues rose to EUR 2,331.9m in FY 2024, +11% vs FY 2023. +8% +8% Comparable Store Sales Growth 1,134.1 2,707.3 (CSSG) (2) was +3% in FY 2024. 1,076.9 (7%) 62.2 2
Slide 18: Stone Island | Revenues by Geography
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 18 STONE ISLAND | REVENUES BY GEOGRAPHY STONE ISLAND REVENUES (EUR M; CFX GROWTH %) Q4 FY Stone Island FY 2024 brand revenues reached EUR 401.6m, -1% vs FY 2023. +10% (1%) Q4 revenues were up 10% YoY. 109.2 411.1 401.6 In Q4, ASIA grew by 23% YoY, 101.0 +2%
Slide 19: Stone Island | Revenues by Channel
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 19 STONE ISLAND | REVENUES BY CHANNEL STONE ISLAND REVENUES (EUR M; CFX GROWTH %) Q4 FY Stone Island DTC revenues grew to EUR 208.9m in FY 2024, +23% YoY. +10% (1%) In Q4, revenues in this channel 109.2 411.1 401.6 were up 15% YoY, with Asia and 101.0 EMEA
Slide 20: Group Mono-Brand Store Network
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 20 GROUP MONO-BRAND STORE NETWORK MONCLER: 286 STONE ISLAND: 90 31.12.2024 30.09.2024 31.12.2023 MONCLER STONE ISLAND MONCLER STONE ISLAND MONCLER STONE ISLAND ASIA 143 56 144 56 132 48 EMEA 96 27 95 28 95 26 AMERICAS 47 7 46 7 45 7 RETAIL 286 90 285 91 272
Slide 21: Moncler London New Bond Street
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 21 MONCLER LONDON NEW BOND STREET
Slide 22: Moncler Boca Raton
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 22 MONCLER BOCA RATON
Slide 23: Luciano Santel, Group Chief Corporate and Supply Officer
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 23 LUCIANO SANTEL Group Chief Corporate and Supply Officer
Slide 24: Group Income Statement
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 24 GROUP INCOME STATEMENT FY 2024 FY 2023 The FY 2024 gross margin increase is primarily driven by EUR m % EUR m % the positive channel mix, with a higher incidence of the DTC REVENUES 3,108.9 100.0% 2,984.2 100.0% channel at both Moncler and Stone Island.
Slide 25: Net Capex
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 25 7 NET CAPEX EUR M FY In FY 2024, consolidated capex were EUR 186.7m, compared with EUR 174.1m in FY 2023. 186.7 Investments related to the distribution network were equal 174.1 to EUR 104.1m, of which more than half dedicated to renovation and expansion
Slide 26: Net Working Capital
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 26 8 NET WORKING CAPITAL EUR M FY Net consolidated working capital reached EUR 255.5 m as of 31 December 2024, with the 255.5 incidence on revenues equal to 240.2 8.2%, compared with EUR 240.2m as of 31 December 2023 326.4 325.6 (8.0% of revenues), reflecti
Slide 27: Net Financial Position
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 27 9 NET FINANCIAL POSITION (1) EUR M FY As of 31 December 2024, the Group’s net financial position was positive and equal to EUR 1,308.8 1,308.8m. Net cash flow in 2024 was positive and equal to EUR 275.1m after the payment of EUR 311.0 1,033.7 million of
Slide 28: Balance Sheet Statement
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 2 380 BALANCE SHEET STATEMENT 31/12/2024 31/12/2023 EUR m EUR m Brands 999.4 999.4 Goodwill 603.4 603.4 Fixed assets 510.1 442.1 Right-of-use assets 848.2 737.5 Net working capital 255.5 240.2 Other assets / (liabilities) 20.1 3.2 INVESTED CAPITAL 3,236.7 3
Slide 29: Cash Flow Statement
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 2 391 CASH FLOW STATEMENT (1) FY 2024 FY 2023 EUR m EUR m EBIT 916.3 893.8 D&A 120.7 114.2 Other non-cash adjustments 16.0 15.3 Change in net working capital (15.3) (48.5) Change in other assets / (liabilities) (18.6) 3.7 Net capex (186.7) (174.1) OPERATING
Slide 30: Group Sustainability Key Achievements in 2024
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 30 2 GROUP SUSTAINABILITY KEY ACHIEVEMENTS IN 2024 SUSTAINABILITY REPORTING UPDATE • Carbon neutrality maintained at own directly operated corporate sites worldwide (production sites, offices, logistic hub and stores) with 100% of electricity used from rene
Slide 31: Recognition of the Performance of the Sustainability Strategy
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 3 13 RECOGNITION OF THE PERFORMANCE OF THE SUSTAINABILITY STRATEGY MSCI ESG RATING CDP DOW JONES BEST-IN-CLASS INDICES SUSTAINALYTICS Top score "AAA" Top score "A" 1st in Textile, Apparel & Luxury Goods with Sustainalytics 2025 Industry Top-Rated the highes
Slide 32: Appendix
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 32 APPENDIX
Slide 33: EBITDA Reconciliation
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 33 5 EBITDA RECONCILIATION FY 2024 FY 2023 EUR m % EUR m % EBIT 916.3 29.5% 893.8 30.0% D&A 120.7 3.9% 114.2 3.8% Rights-of-use-amortisation 186.2 6.0% 177.5 5.9% Stock-based compensation 47.0 1.5% 40.0 1.3% EBITDA Adj. 1,270.1 40.9% 1,225.5 41.1% Rents ass
Slide 34: 2022-2024 Half-Year Income Statement
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 34 6 2022-2024 HALF-YEAR INCOME STATEMENT H1 2024 H2 2024 H1 2023 H2 2023 H1 2022 H2 2022 FY 2024 FY 2023 FY 2022 EUR m % EUR m % EUR m % EUR m % EUR m % EUR m % EUR m % EUR m % EUR m % REVENUES 1,230.2 100.0% 1,878.8 100.0% 1,136.6 100.0% 1,847.6 100.0% 91
Slide 35: 2024 Revenues Quarterly Performance
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 35 7 2024 REVENUES QUARTERLY PERFORMANCE Q1 24 vs 23 Q2 24 vs 23 Q3 24 vs 23 Q4 24 vs 23 EUR m 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX MONCLER 705.0 604.8 20% 336.3 330.2 5% 532.0 561.2 (3%) 1,134.1 1,076.9 8% STONE ISLAND 113.0 121.6 (5%) 7
Slide 36: 2024 Revenues YTD Performance
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 36 8 2024 REVENUES YTD PERFORMANCE Q1 24 vs 23 H1 24 vs 23 9M 24 vs 23 FY 24 vs 23 EUR m 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX MONCLER 705.0 604.8 20% 1,041.3 935.0 15% 1,573.3 1,496.3 8% 2,707.3 2,573.2 8% STONE ISLAND 113.0 121.6 (5%) 18
Slide 37: Financial Calendar, Shareholding, IR Contacts
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 37 9 FINANCIAL CALENDAR, SHAREHOLDING, IR CONTACTS FINANCIAL CALENDAR IR CONTACTS 16.04.2025 Q1 2025 Interim Management Statement & AGM Investor.relations@moncler.com 23.07.2025 H1 2025 Financial Results 28.10.2025 9M 2025 Interim Management Statement ELENA
Slide 38: Disclaimer
FY 2024 FINANCIAL RESULTS 13 FEBRUARY 2025 3 480 DISCLAIMER This presentation is being furnished to you solely for your information and may not be reproduced or redistributed to any other person. This presentation might contain certain forward-looking statements that reflect the Company’s management