Aeffe S.p.a. · MIL:AEF
Aeffe — Q1 2019 Earnings Presentation
14 slides from Aeffe's earnings presentation, May 14, 2019
Slide 1: AEFFE First Quarter 2019 Consolidated Financial Results Presentation
AEFFE First Quarter 2019 Consolidated Financial Results Presentation 14th May 2019
Slide 2: 1Q 2019 Key Facts
1Q 2019 Key Facts Consolidated Revenues +7.3% at € 102.2m, (+7.4% at current exchange rates); Consolidated EBITDA net of IFRS 16 effect for € 22.2m (21.7% of sales), compared to an EBITDA of € 20.3m (21.4% of sales) in 1Q 2018, with a € 1.9m improvement (+9%) Net Profit for the Group at € 11.8
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1Q 2019 1Q 2018 (€m) (€m) 77,9 % on Total Sales % on Total Sales 80 +7.9% * vs 1Q 2018 80 Footwear 72,1 & Leather Footwear Goods 31% 30% & Leather Goods 70% 69% 60 Prêt à 60 Prêt à porter porter 40 33,3 40 77,9 +4.0% * vs 1Q 2018 72,1 32,0 20 20 33,3 32,0 0 0 Prêt
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1Q 2019 1Q 2018 (€m) (€m) % on Total Sales % on Total Sales 80 80 Pollini 12% Pollini Philosophy di +10.6% * Philisophy di Lorenzo Serafini 11% 10% Lorenzo 7% 6% Serafini Others 70% Others 3% 3% 68% Alberta 11% 11% Ferretti 60 Alberta 60 Ferretti Moschino Moschino 40 40
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1Q 2019 1Q 2018 (€m) (€m) % on Total Sales % on Total Sales Asia & Asia & RoW +1.8% * Europe RoW Europe 27% 25% 22% 23% 5% Americas 5% Americas 40,0 40,0 45% 48% Italy (1) Italy (1) +29.3% * (1.4%) * 46,1 45,3 20,0 20,0 27,8 23,2 23,5 21,5 +2.9% * 5,1 4,9 0,0 Italy Euro
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1Q 2019 1Q 2018 (€m) (€m) % on Total Sales % on Total Sales 80 +6.2% * 80 Retail Retail 23% 23% 3% Royalties 2% Royalties 74% 75% 60 Wholesale 60 Wholesale 40 75,7 40 71,2 +8.0% * 20 20 23,3 21,5 +29.3% * 3,2 0 2,5 0 Wholesale Retail Royalties Wholesale Retail Royaltie
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 1Q19 FY18 Europe 43 44 America 2 2 Asia 19 18 Total 64 64 Franchising 1Q19 FY18 Europe 45 45 America 1 1 Asia 136 138 Total 182 184 7
Slide 8: Income Statement – 1Q 2019/2018
Income Statement – 1Q 2019/2018 (€m) 1Q 19 con Effetto IFRS 16 effect 1Q 19 senza Effetto IFRS 16 (See Note 1) IFRS 16 1Q 18 Net Sales 102,2 102,2 95,2 % change 7,4% 7,4% Other Revenues 2,8 2,8 0,9 Note 1: IFRS 16 effects on Profit & Loss Total Revenues 105,0 105,0 96,1 statement: % change 9,2% 9,2%
Slide 9: Summary Balance Sheet
Summary Balance Sheet (€m) 1Q 19 FY 18 1Q 18 Net Working Capital 104,0 85,7 94,8 Net Tangible Assets 60,1 60,3 58,5 Net Intangible Assets 78,7 103,1 108,4 Note 2: IFRS 16 effects on Balance Sheet: Net Intangible Assets for Rights of use - IFRS 16 (see Note 2) 131,5 - Fixed Assets increase of €131.5m
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 1Q 19 FY 18 1Q 18 PBT 19,1 28,8 16,9 Operating Cash Flow 2,5 25,5 1,9 Capital Expenditure (3,2) (7,9) (5,1) Free Cash Flow (0,7) 17,6 (3,2) Cash Flows from Financing Activities 0,6 (12,4) 6,3 Cash and cash equivalents at the beginning of the year 28,0 22,8 22,8 Cash Flow of th
Slide 11: Appendices
Appendices
Slide 12: Income Statement – Full Year 2016-2018
Income Statement – Full Year 2016-2018 (€m) 2018A 2017A 2016A Net Sales 346,6 312,6 280,7 % change 10,9% 11,4% 4,4% Other Rev enues 5,4 3,8 6,8 Total Revenues 352,0 316,4 287,5 % change 11,2% 10,1% 4,9% Raw Materials Costs (110,3) (96,1) (90,7) Serv ice Costs (100,6) (91,0) (81,3) Cost for use of th
Slide 13: Company Profile
Company Profile Organisational Structure Ownership Structure (1) AEFFE FASHION GROUP IM Fashion Chairman: Massimo Ferretti 24% Chief Executive Officer Simone Badioli Managing Director Marcello Tassinari Investor Relation Communication and Manager Annalisa Aldrovandi Marketing Carlo Mengucci Market A
Slide 14: Disclaimer
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 subscribe for, or otherwise