Aeffe S.p.a. · MIL:AEF
Aeffe — H1 2020 Earnings Presentation
14 slides from Aeffe's earnings presentation, Aug 5, 2020
Slide 1: AEFFE First Half 2020 Consolidated Financial Results Presentation
AEFFE First Half 2020 Consolidated Financial Results Presentation 5th August 2020
Slide 2: 1H 2020 Key Facts
1H 2020 Key Facts Consolidated Revenues -31.4% ex forex at € 118.9m, (-31.4% at current exchange rates) due to Covid-19 pandemic effects; Consolidated EBITDA at € 0.6m (0.5% of sales), compared to an EBITDA of € 26.7m (15.4% of sales) in 1H 2019 Net Loss for the Group at € 10.9m, compared to a
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1H 2020 1H 2019 (€m) (€m) % on Total Sales % on Total Sales 140 140 132,2 Footwear & Leather Footwear Goods 31% 35% & Leather 120 Goods 120 65% 69% Prêt à porter 54,3 Prêt à 100 88,6 100 porter (33.0%)* vs 1H 2019 80 80 34,2 60,7 60 47,7 60 (21.4%) * vs 1H 2019 27,
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1H 2020 1H 2019 (€m) (€m) % on Total Sales % on Total Sales 140 140 130,1 12%Pollini Philosophy di 10% Lorenzo Serafini 8% 5% 120 5% 120 Others 79% 2% 2% 75% Alberta 6% 8% Ferretti 94,2 100 58,7 100 (27.5%) * Moschino 80 80 38,0 60 60 40 40 71,4 56,2 6,7 10,0 16,5 20 6,0
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1H 2020 1H 2019 (€m) (€m) % on Total Sales % on Total Sales 90,0 Asia & 90,0 Asia & RoW Europe RoW Europe 21% 80,1 22% 27% 80,0 31% 80,0 4% Americas 5% Americas 70,0 44% 70,0 46% Italy (1) Italy (1) 34,0 60,0 52,7 60,0 (34.2)% * 50,0 50,0 45,5 16,2 37,1 38,7 40,0 (4.0%)
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1H 2020 1H 2019 (€m) (€m) % on Total Sales % on Total Sales 120,9 Retail Retail 120 120 27% 23% 4% Royalties 3% Royalties 73% 100 86,7 100 45,2 70% (28.3)% * Wholesale Wholesale 80 80 31,1 60 60 46,2 40 27,1 40 75,7 22,9 (41.3%) * 55,6 9,2 20 20 5,1 (19.0%) * 23,3 6,2
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 1H20 FY19 Europe 42 42 America 1 3 Asia 16 16 Total 59 61 Franchising 1H20 FY19 Europe 40 40 America 1 Asia 113 122 Total 153 163 7
Slide 8: Income Statement – 1H 2020/2019
Income Statement – 1H 2020/2019 (€m) 1H 20 1H 19 Net Sales 118,9 173,3 % change (31,4%) Other Revenues 4,7 4,3 Total Revenues 123,5 177,6 % change (30,4%) Raw Materials Costs (42,0) (55,4) Service Costs (45,4) (53,7) Costs for use of third parties (2,7) (4,2) Personnel (29,5) (35,9) Other Operating
Slide 9: Summary Balance Sheet
Summary Balance Sheet 1H 20 FY 19 1H 19 Net Working Capital 117,5 107,2 98,6 (€m) Net Tangible Assets 63,1 62,8 60,0 Net Intangible Assets 74,2 76,1 77,8 Net Intangible Assets for Rights of use 102,0 110,7 126,8 Net Financial Assets 2,8 2,9 3,2 Severance Staff, Provisions & Others (17,9) (20,3) (21,
Slide 10: Summary Cash Flow
Summary Cash Flow 1H 20 FY 19 1H 19 (€m) PBT (14,1) 21,8 11,5 Operating Cash Flow (10,6) 19,2 6,8 Capital Expenditure (3,6) (9,7) (2,3) Capital Expenditure for Rights of use 0,7 (1,1) (1,8) Free Cash Flow (13,5) 8,5 4,5 Cash Flows from Financing Activities 13,1 (8,1) (1,4) Cash and cash equivalents
Slide 11: Appendices
ALBERTA FERRETTI
Slide 12: Income Statement – Full Year 2017-2019
Income Statement – Full Year 2017-2019 (€m) FY 19 net of IFRS 16 effects 2018A 2017A Net Sales 351,4 346,6 312,6 % change 1,7% 10,9% 11,4% Other Rev enues 10,1 5,4 3,8 Total Revenues 361,5 352,0 316,4 % change 2,8% 11,2% 10,1% Raw Materials Costs (115,3) (110,3) (96,1) Serv ice Costs (108,3) (100,6)
Slide 13: Company Profile
Company Profile Organisational Structure Ownership Structure AEFFE FASHION GROUP IM Fashion Chairman: Massimo Ferretti 24% Chief Executive Officer Simone Badioli Managing Director Marcello Tassinari Investor Relation Communication and Manager Marketing Annalisa Aldrovandi Market Aeffe 33% 6% Chief I
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