Aeffe S.p.a. · MIL:AEF
Aeffe — H1 2009 Earnings Presentation
15 slides from Aeffe's earnings presentation, Jul 31, 2009
Slide 1: First Half 2009 Results Presentation
First Half 2009 Results Presentation 31, July 2009
Slide 2: 1H 09 Key Facts
1H 09 Key Facts Consolidated Revenues -23.1% at € 111.1m, (-23.9% at constant exchange rates and excluding the effect of the termination of the Narciso Rodriguez licence ) Consolidated EBITDA negative for € 7.2m Consolidated Net Loss at € 10m Consolidated Net Financial Debt of € 88.9m (€ 66.8m as of
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division (1) 1H 2009 1H 2008 (€m) (€m) 160 160 (22.6%) 140 140 (23.6%) 120 120 100 100 46,0 80 80 32,3 60 (25.8%) 60 (25.8%) 40 40 70,6 12,9 57,9 20 9,3 20 18,3 24,2 0 0 Prêt à porter Footwear & Leather Goods Prêt à porter Footwear & Leather Goods 1Q09 2Q09 at constant exchang
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1H 2009 1H 2008 (€m) (€m) 90 (17.0%) 90 80 (19.5%) 80 70 70 60 60 30,6 50 (25.7%) 50 23 40 (32.5%) 40 (25.9%) 30 (32.6%) (22.1%) 30 (39.7%) 12,1 20 (23.8%) 20 40,1 7,9 8,3 35,7 (28.8%) 5,3 10 14,6 10 18,7 17 1,6 11,5 1 1,2 8,3 2,0 6,7 6,2 0 3,8 0 Alberta Moschino Pollini
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1H 2009 1H 2008 (€m) (€m) 90 90 80 80 70 (18.9%) 70 (18.5%) 60 60 50 (21.7%) 50 20,1 40 16,5 (20.4%) 40 (23.6%) 30 (24.5%) 30 (46.1%) (31.4%) (6.2%) 10,6 20 7,8 20 29,9 (34.3%) (20.4%) 37,1 7,7 (46.1%) 5,3 10 16 10 19,8 6,5 5,9 2,6 3,5 3,1 11,1 3,5 13,7 4,7 5,5 5,1 7,1
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1H 2009 1H 2008 (€m) (€m) (28.7%) 120 120 (29.2%) 100 100 33,4 80 80 60 20,1 60 (10.5%) 40 40 (12.4%) 69,3 (6.0%) 53,1 16,1 20 14,4 (6.0%) 20 14,4 4,3 16,1 4,8 0 4,8 0 4,9 W holesale Retail Royalties W holesale Retail Royalties 1Q09 2Q09 at constant exchange rates at c
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 1H09 FY08 Europe 39 38 USA 3 3 Asia 38 38 Total 80 79 Franchising 1H09 FY08 Europe 54 50 USA 7 7 Asia 85 81 Total 146 138 7
Slide 8: Income Statement – 1H 2009/2008
Income Statement – 1H 2009/2008 (€m) 1H09 1H08 Net Sales 111,1 144,6 % change (23,1%) Other Revenues 2,6 2,4 Total Revenues 113,7 147,0 % change (22,6%) Raw Materials Costs (35,3) (35,4) Service Costs (41,9) (51,0) Costs for use of third parties (9,7) (8,1) Personnel (32,0) (29,6) Other Operating Ex
Slide 9: Summary Balance Sheet
Summary Balance Sheet (€m) 1H09 FY08 1H08 Working Capital 80,3 73,5 70,7 Net Tangible Assets 78,5 78,4 71,3 Net Intangible Assets 167,7 169,1 168,6 Net Financial Assets 2,7 2,7 3,2 Severance Staff, Provisions & Others (57,4) (60,9) (65,2) Net Capital Employed 271,8 262,8 248,6 Group Shareholders' Eq
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 1H09 FY08 1H08 PBT (14,3) 15,2 12,5 Operating Cash Flow (15,3) 2,3 (3,0) Capital Expenditure (3,7) (17,1) (2,8) Free Cash Flow (19,0) (14,8) (5,8) Cash Flows from Financing Activities 17,7 7,9 6,3 Cash and cash equivalents at the beginning of the year 7,7 14,5 14,5 Cash Flow o
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 Officer 24% Tullio Simone Badioli Badioli 2% General Manager/CFO Mediobanca Marcello Tassinari 2% Aeffe 5% Investor Relation Communication an
Slide 13: Cash Flow Statement
Cash Flow Statement (€m) 1H09 FY08 1H08 PBT (14,3) 15,2 12,5 Depreciation & Amortisation 5,2 12,4 5,1 Provisions & Impairments (0,1) (0,7) (0,5) Taxes (2,2) (12,3) (7,8) Net Interest 1,8 6,6 3,3 Change in other liabilities / (assets) (5,7) (18,9) (15,6) Operating Cash Flow (15,3) 2,3 (3,0) Capital e
Slide 14: Income Statement – Full Year 2006-2008
Income Statement – Full Year 2006-2008 (€m) 2008A 2007A 2006A Net Sales 294.7 293.2 266.1 % growth 0.5% 10.2% 10.0% Other Revenues 6.0 3.5 4.7 Non-Recurring Revenues - 2.2 4.2 Total Revenues 300.7 298.9 275.1 % growth 0.6% 8.7% 10.1% Raw Materials Costs 79.2 80.9 74.2 Service Costs 103.0 95.7 87.8 C
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, redistributed or passed on, in whole or in part, to any other person. Neither this presenta