Aeffe S.p.a. · MIL:AEF
Aeffe — Q1 2011 Earnings Presentation
15 slides from Aeffe's earnings presentation, May 11, 2011
Slide 1: First Quarter 2011 Results Presentation
First Quarter 2011 Results Presentation 11, May 2011
Slide 2: 1Q 2011 Key Facts
1Q 2011 Key Facts Consolidated Revenues +17.4% at € 71.9m, (+16.4% at constant exchange rates) Consolidated EBITDA for € 7.8m, compared to an EBITDA of € 1.5m in 1Q 2010 Consolidated Net Profit at € 0.8m, compared to a Net Loss of € 1.7m in 1Q 2010 Consolidated Net Financial Debt of € 102.3m (€ 95.5
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1Q 2011 1Q 2010 (€m) (€m) % on Total Sales % on Total Sales 60 +12.8% * vs 1Q 2010 60 Footwear & Leather Footwear Goods 22% 23% & Leather Goods 50 50 77% 78% Prêt à Prêt à porter porter 40 40 30 30 58,3 51,2 20 20 +30.8% * vs 1Q 2010 10 10 17,1 13,1 0 0 Prêt à port
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1Q 2011 1Q 2010 (€m) (€m) % on Total Sales % on Total Sales 40 +14.3% * 40 Pollini Pollini 11% 16% J.P. J.P. Gaultier Gaultier 9% 6% Moschino 55% 6% Others 6% Others Moschino 49% 30 22% 30 20% Alberta Alberta Ferretti Ferretti 20 39,7 20 +17.9% * 34,4 10 10 +11.3% * 15,5
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1Q 2011 1Q 2010 (€m) (€m) % on Total Sales % on Total Sales +18.0% * 30 30 Russia USA Russia USA Japan Japan 7% 7% 8% 5% 7% 8% 22% 13% 24% 13% Europe RoW Europe RoW 25 25 43% 43% Italy Italy 20 20 +6.9% * 15 30,9 15 26,2 10 +27.6% * 10 15,8 14,7 (1.0%) * +64.6% * +5.4%
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1Q 2011 1Q 2010 (€m) (€m) % on Total Sales % on Total Sales +16.4% * 45 45 Retail 26% Retail 26% 40 40 6% Royalties 6% Royalties 35 68% 35 68% Wholesale Wholesale 30 30 25 25 48,8 20 41,6 20 +18.8 % * 15 15 10 10 18,9 15,7 +7.3 % * 5 5 4,0 4,2 0 0 Wholesale Retail Roya
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 1Q11 FY10 Europe 44 44 USA 3 3 Asia 42 40 Total 89 87 Franchising 1Q11 FY10 Europe 53 53 USA 7 7 Asia 96 98 Total 156 158 7
Slide 8: Income Statement – 1Q 2011/2010
Income Statement – 1Q 2011/2010 (€m) 1Q 11 1Q 10 Net Sales 71,96 61,3 % change 17,4% Other Revenues 1,5 2,3 Total Revenues 73,4 63,6 % change 15,5% Raw Materials Costs (22,2) (19,9) Service Costs (19,3) (18,8) Costs for use of third parties (6,1) (5,4) Personnel (15,9) (16,1) Other Operating Expense
Slide 9: Summary Balance Sheet
Summary Balance Sheet 1Q 11 FY 10 1Q 10 Net Working Capital 78,9 68,4 76,0 (€m) Net Tangible Assets 73,7 75,6 77,2 Net Intangible Assets 152,6 154,1 155,3 Net Financial Assets 3,0 2,9 3,0 Severance Staff, Provisions & Others (50,5) (50,0) (47,7) Net Capital Employed 257,7 251,0 263,9 Group Sharehold
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 1Q 11 FY 10 1Q 10 PBT 3,4 (14,6) (2,2) Operating Cash Flow (4,4) 0,7 (7,2) Capital Expenditure 0,0 (6,2) 0,1 Free Cash Flow (4,4) (5,5) (7,1) Cash Flows from Financing Activities 4,6 4,7 7,9 Cash and cash equivalents at the beginning of the year 4,5 5,3 5,3 Cash Flow of the Pe
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 Tullio Officer 24% Simone Badioli Badioli 5% General Manager/CFO Mediobanca Marcello Tassinari 2% Aeffe 5% Investor Relation Communication an
Slide 13: Cash Flow Statement
Cash Flow Statement 1Q 11 FY 10 1Q 10 (€m) PBT 3,4 (14,6) (2,2) Depreciation & Amortisation 3,5 16,7 3,5 Provisions & Impairments (0,7) (0,4) (0,1) Taxes (0,8) (2,2) (1,2) Net Interest 0,9 1,5 0,3 Change in other liabilities / (assets) (10,7) (0,3) (7,5) Operating Cash Flow (4,4) 0,7 (7,2) Capital e
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