Aeffe S.p.a. · MIL:AEF
Aeffe — FY2010 Earnings Presentation
15 slides from Aeffe's earnings presentation, Mar 9, 2011
Slide 1: Full Year 2010 Results Presentation
FULL YEAR 2010 Results Presentation 09, March 2011
Slide 2: FY 2010 Key Facts
FY 2010 Key Facts Consolidated Revenues +1.0% at € 219m, (-0.6% at constant exchange rates) Consolidated EBITDA positive for € 3.5m Consolidated Net Loss at € 12.5m Consolidated Net Financial Debt of € 95.5m (€ 87.7m as of 31 December 2009) 245 Mono Brand Stores (vs. 227 at the end of 2009) 2
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) FY 2010 FY 2009 (€m) (€m) % on Total Sales % on Total Sales 200 200 180,8 178,2 Footw ear Footw ear -0.5% * vs FY 2009 & Leather & Leather 180 Goods 180 22%Goods 22% 22% 160 37,7 160 34,5 78% 78% 78% Prêt à Prêt à porter porter 140 140 120 120 57,3 53,5 100 100 80
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand FY 2010 FY 2009 (€m) (€m) % on Total Sales % on Total Sales 140 125,5 140 115,9 Pollini 130 6.1% * Pollini 13% 15% J.P. J.P. Gaultier 120 Moschino 5% Gaultier 120 6% 57% 4% Others Moschino 4% 53% Others 110 28,4 21% 23,3 22% Alberta Alberta 100 Ferretti 100 Ferretti 90 8
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region FY 2010 FY 2009 (€m) (€m) % on Total Sales % on Total Sales 100 93.2 Russia USA 100 Russia USA 89.6 Japan Japan 3.8%* 6% 9% 7% 8% 9% 7% 90 Europe 90 Europe RoW 21% 12% RoW 22% 15% 19,6 80 80 17,1 43% 41% 70 Italy 70 Italy 60 29,5 60 26,1 48.5 46.7 50 (4.1%)* 50 9,6 9,2
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel FY 2010 FY 2009 (€m) (€m) % on Total Sales % on Total Sales 160 Retail 160 142,5 Retail 135,0 32% 27% 140 (6.1%)* 140 6% Royalties 7% Royalties 25,2 25,2 62% 66% 120 120 Wholesale Wholesale 100 100 44,1 46,6 70,3 80 80 13.8%* 59,7 18,9 20,1 60 60 21,6 14,8 40 19,5 40 1
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS FY10 FY09 Europe 44 38 USA 3 3 Asia 40 38 Total 87 79 Franchising FY10 FY09 Europe 53 52 USA 7 7 Asia 98 89 Total 158 148 7
Slide 8: Income Statement – FY 2010/2009
Income Statement – FY 2010/2009 (€m) FY 10 FY 09 Net Sales 219,2 217,04 % change 1,0% Other Revenues 5,9 5,9 Total Revenues 225,1 222,9 % change 1,0% Raw Materials Costs (63,2) (69,6) Service Costs (70,5) (79,5) Costs for use of third parties (22,5) (19,2) Personnel (61,0) (63,1) Other Operating Exp
Slide 9: Summary Balance Sheet
Summary Balance Sheet (€m) FY 10 FY 09 Net Working Capital 68,4 67,8 Net Tangible Assets 75,6 76,6 Net Intangible Assets 154,1 157,0 Net Financial Assets 2,9 2,8 Severance Staff, Provisions & Others (50,0) (46,0) Net Capital Employed 251,0 258,2 Group Shareholders' Equity 129,8 143,2 Minorities 25,7
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) FY 10 FY 09 PBT (14,6) (30,8) Operating Cash Flow 0,7 (10,6) Capital Expenditure (6,2) (4,2) Free Cash Flow (5,5) (14,8) Cash Flows from Financing Activities 4,7 12,5 Cash and cash equivalents at the beginning of the year 5,3 7,7 Cash Flow of the Period (0,8) (2,4) Cash and ca
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 FY 10 FY 09 (€m) PBT (14,6) (30,8) Depreciation & Amortisation 16,7 13,6 Provisions & Impairments (0,4) (1,0) Taxes (2,2) (1,8) Net Interest 1,5 3,7 Change in other liabilities / (assets) (0,3) 5,7 Operating Cash Flow 0,7 (10,6) Capital expenditure for intangible assets (4,9) 1,1
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