Aeffe S.p.a. · MIL:AEF
Aeffe — H1 2021 Earnings Presentation
14 slides from Aeffe's earnings presentation, Jul 30, 2021
Slide 1: AEFFE First Half 2021 Consolidated Financial Results Presentation
AEFFE First Half 2021 Consolidated Financial Results Presentation 30th July 2021
Slide 2: 1H 2021 Key Facts
1H 2021 Key Facts Consolidated Revenues at € 155.0m (+31% at constant exchange rates) Consolidated EBITDA for € 20.1m (13.0% of sales), compared to an EBITDA of € 0.6m (0.5% of sales) in 1H 2020, with a € 19.5m increase Net Profit at € 17.4m, compared to a Net Loss of €12.5m of Euro in 1H 2020
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1H 2021 1H 2020 (€m) (€m) % on Total Sales % on Total Sales 120 120 Footwear 104,9 & Leather Footwear Goods +19%* vs 1H 2020 35% 39% & Leather Goods 100 100 61% 88,6 65% Prêt à Prêt à porter porter 80 52,2 80 68,2 +43% * vs 1H 2020 34,2 60 60 32,3 47,7 40 40 17,0 5
Slide 4: Net Sales Breakdown by Owned Brand
Net Sales Breakdown by Owned Brand 1H 2021 1H 2020 (€m) (€m) % on Total Sales % on Total Sales 140 128,3 140 +36.6% * 12%Pollini Philosophy di Lorenzo Serafini 120 7% 8% 5% 5% 120 Others 82% 2% 1% 79% Alberta 5% 6% Ferretti 100 62,9 100 94,2 Moschino 80 80 38,0 60 60 40 40 65,4 56,2 11,2 20 7,4 7,2
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1H 2021 1H 2020 (€m) (€m) % on Total Sales % on Total Sales 80 80,0 Asia & RoW Asia & Europe RoW Europe 22% 33% 32% 21% 7% America 5% America 58,7 38% 60,0 +17.0% * Italy 60 42% 51,2 Italy 50,1 +34.9%* 24,4 34,9 14,9 37,9 40,0 40 28,3 +39.2% * 16,7 25,1 17,1 7,3 20,0 20
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1H 2021 1H 2020 (€m) (€m) % on Total Sales % on Total Sales 140,0 140 121,0 Retail Retail 18% 23% +40.0% * 120,0 4% Royalties 120 4% Royalties 78% 73% Wholesale 100,0 100 Wholesale 56,0 86,7 80,0 80 31,1 60,0 60 28,0 40,0 40 27,1 65,0 +3.5% * 55,6 20,0 15,9 9,2 6,0 20
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 1H21 FY20 Europe 42 42 America 1 1 Asia 14 16 Total 57 59 Franchising 1H21 FY20 Europe 38 40 America Asia 100 104 Total 138 144 7
Slide 8: Income Statement – 1H 2021/2020
Income Statement – 1H 2021/2020 (€m) 1H 21 1H 20 Net Sales 155,0 118,9 % change 30,4% Other Revenues 3,4 4,7 Total Revenues 158,5 123,5 % change 28,3% Raw Materials Costs (60,7) (42,0) Service Costs (44,0) (45,4) Costs for use of third parties (1,5) (2,7) Personnel (30,6) (29,5) Other Operating Expe
Slide 9: Summary Balance Sheet
Summary Balance Sheet 1H 21 FY 20 1H 20 Net Working Capital 99,1 97,3 117,5 (€m) Net Tangible Assets 60,2 61,7 63,1 Net Intangible Assets 70,7 72,5 74,2 Net Intangible Assets for Rights of use - IFRS 16 93,0 100,5 102,0 Net Financial Assets 2,2 2,7 2,8 Severance Staff, Provisions & Others (1,6) (14,
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 1H 21 FY 20 1H 20 PBT 6,3 (27,6) (14,1) Operating Cash Flow 15,8 10,3 (10,6) Capital Expenditure (1,0) (5,4) (3,6) Capital Expenditure for Rights of use - IFRS 16 (0,3) (6,6) 0,7 Free Cash Flow 14,5 (1,8) (13,5) Cash Flows from Financing Activities (11,7) 13,2 13,1 Cash and ca
Slide 11: Appendices
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Slide 12: Income Statement – Full Year 2018-2020
Income Statement – Full Year 2018-2020 (€m) 2020A 2019A 2018A Net Sales 269,1 351,4 346,6 % change (23,4%) 0,0% 10,9% Other Rev enues 10,5 10,1 5,4 Total Revenues 279,6 361,5 352,0 % change (22,6%) 0,0% 11,2% Raw Materials Costs (107,8) (115,3) (110,3) Serv ice Costs (93,2) (108,3) (100,6) Cost for
Slide 13: Company Profile
Company Profile Organisational Structure Ownership Structure Market 32% AEFFE FASHION GROUP Chairman: Massimo Ferretti Chief Executive Officer Simone Badioli Managing Director Marcello Tassinari Aeffe Investor Relation Communication and Manager Marketing 7% Annalisa Aldrovandi Chief Information Huma
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