Aeffe S.p.a. · MIL:AEF
Aeffe — Q1 2017 Earnings Presentation
14 slides from Aeffe's earnings presentation, May 11, 2017
Slide 1: AEFFE First Quarter 2017 Consolidated Results Presentation
AEFFE First Quarter 2017 Consolidated Results Presentation 11th May 2017
Slide 2: 1Q 2017 Key Facts
1Q 2017 Key Facts Consolidated Revenues +4.4% at € 79.6m, (+4.1% at constant exchange rates); Consolidated EBITDA for € 15.4m (19.4% of sales), compared to an EBITDA of € 13.9m (18.3% of sales) in 1Q 2016, with a € 1.5m improvement (+11%) Net Profit for the Group at € 8.1m, compared to a Net P
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1Q 2017 1Q 2016 (€m) (€m) % on Total Sales % on Total Sales 70,0 70 Footwear & Leather Footwear Goods +3.1% * vs 1Q 2016 28% 29% & Leather 60,0 Goods 60 71% 72% Prêt à Prêt à porter porter 50,0 50 40,0 40 30,0 61,4 30 59,3 +8% * vs 1Q 2016 20,0 20 25,4 23,5 10,0 10
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1Q 2017 1Q 2016 (€m) (€m) % on Total Sales % on Total Sales +7.0% * Pollini 50 12%Pollini 50 Philisophy di Philosophy di 11% Lorenzo 10% Lorenzo Serafini 7% Serafini 6% Others Others 67% 3% 8% 65% 12% 40 Alberta Alberta 11% Ferretti 40 Ferretti Moschino Moschino 30 30 53
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1Q 2017 1Q 2016 (€m) (€m) % on Total Sales % on Total Sales 40,0 +15.9% * Russia 40,0 USA Russia USA 3% 7% 3% 9% RoW 35,0 Europe 23% 19% RoW 35,0 Europe 24% 21% 30,0 48% 30,0 43% Italy Italy 25,0 25,0 20,0 20,0 38,3 +1.2% * (9.6)% * 33,1 15,0 15,0 10,0 10,0 18 17,9 (14.
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1Q 2017 1Q 2016 (€m) (€m) % on Total Sales % on Total Sales 60 +2.9% * 60 Retail 25% Retail 24% 50 3% Royalties 50 3% Royalties 72% 73% Wholesale 40 Wholesale 40 30 30 57,5 55,6 +9.3% * 20 20 10 20,0 10 18,3 (6.8%) * 0 2,1 2,3 0 Wholesale Retail Royalties Wholesale Ret
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS 1Q17 FY16 Europe 46 45 America 3 3 Asia 15 16 Total 64 64 Franchising 1Q17 FY16 Europe 48 50 America 1 2 Asia 126 139 Total 175 191 7
Slide 8: Income Statement – 1Q 2017/2016
Income Statement – 1Q 2017/2016 (€m) 1Q 17 1Q 16 Net Sales 79,6 76,2 % change 4,4% Other Revenues 1,8 1,2 Total Revenues 81,4 77,4 % change 5,2% Raw Materials Costs (21,7) (20,9) Service Costs (21,1) (19,1) Costs for use of third parties (5,9) (6,1) Personnel (16,1) (15,8) Other Operating Expenses (
Slide 9: Balance Sheet
Balance Sheet 1Q 17 FY 16 1Q 16 (€m) Net Working Capital 88,6 73,1 97,2 Net Tangible Assets 60,8 61,4 62,4 Net Intangible Assets 113,8 115,1 121,4 Net Financial Assets 3,9 4,1 4,4 Severance Staff, Provisions & Others (26,3) (26,1) (42,9) Net Capital Employed 240,8 227,6 242,5 Group Shareholders' Equ
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) 1Q 17 FY 16 1Q 16 PBT 12,2 8,3 10,0 Operating Cash Flow (3,4) 10,7 (4,4) Capital Expenditure (1,0) (2,3) (0,7) Free Cash Flow (4,4) 8,4 (5,1) Cash Flows from Financing Activities 3,1 (3,9) 6,7 Cash and cash equivalents at the beginning of the year 14,5 10,0 10,0 Cash Flow of t
Slide 11: Appendices
Appendices
Slide 12: Company Profile
Company Profile Organisational Structure Ownership Structure (1) IM Fashion Aeffe Fashion Group Chairman: Massimo Ferretti 24% CEO: Simone Badioli Chief Executive Officer Simone Badioli Tullio Managing Director/CFO Marcello Tassinari Badioli 6% Investor Relation Communication and Manager Marketing A
Slide 13: Income Statement – Full Year 2014-2016
Income Statement – Full Year 2014-2016 (€m) 13
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