Aeffe S.p.a. · MIL:AEF
Aeffe — 9M 2014 Earnings Presentation
15 slides from Aeffe's earnings presentation, Nov 11, 2014
Slide 1: AEFFE Nine Months 2014 Results Presentation
AEFFE Nine Months 2014 Results Presentation 11, November 2014
Slide 2: 9M 2014 Key Facts
9M 2014 Key Facts Consolidated Revenues -0.2% at € 192.9m, (-0.2% at constant exchange rates); consolidated sales would have increased by 7% at constant exchange rates, net of the effects of already terminated licenses and of the reorganization of the distribution in Japan Consolidated EBITDA for €
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 9M 2014 9M 2013 (€m) (€m) 147,3 % on Total Sales % on Total Sales 160 160 150,6 -2.2% * vs 9M 2013 Footwear +7% ** vs 9M 2013 & Leather Footwear Goods 27% 140 30% & Leather 140 Goods 70% 52,8 73% 120 52,5 Prêt à 120 Prêt à porter porter 100 100 80 63,7 80 40,9 42,1
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 9M 2014 9M 2013 (€m) (€m) 121,6 % on Total Sales % on Total Sales 130 +5.8% * +12% ** 130 Pollini 12% Pollini 120 114,8 Philosophy 120 Philosophy 13% 13% 6% 8% 110 Others 110 Others 9% 11% 62% 60% 100 Alberta 9% 8% Alberta 100 Ferretti Ferretti Moschino 41,6 90 46,3 90 M
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 9M 2014 9M 2013 (€m) 87,6 (€m) % on Total Sales % on Total Sales +5.6% * 82,9 80 80 Russia USA Russia USA Japan Japan 7% 6% 8% 6% 3% 8% 70 34,7 22% 17% 70 20% 15% Europe RoW 30,1 Europe RoW 60 45% 60 43% Italy Italy 50 42,9 50 +8.8%* 24,0 23,6 39,3 40 32,4 40 14,5 +11.0
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 9M 2014 9M 2013 (€m) (€m) 129.3 % on Total Sales % on Total Sales 140 +4.7% * 140 +7% ** Retail 27% Retail 123,8 30% 120 6% 120 6% Royalties Royalties 67% 64% 50 100 100 46,8 Wholesale Wholesale 80 80 52,9 (9.3)% * 27,0 58,1 60 34,2 +10% ** 60 19,7 18,4 40 40 15,6 19,1
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS Franchising 7
Slide 8: Income Statement – 9M 2014/2013
Income Statement – 9M 2014/2013 (€m) 8
Slide 9: Summary Balance Sheet
Summary Balance Sheet 1 9M 14 FY 13 9M 13 (em) Net Working Capital 90,6 ' 76,4 88,5 Net Tangible Assets 63,3 64,6 65,8 Net Intangible Assets 128,6 132,8 133,6 Net Financial Assets 45 48 2,5 Severance Staff, Provisions & Others (48,6) (46,6) (49,2) Net Capital Employed 2383 | 2320 241,2 Group Shareho
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) PBT Operating Cash Flow Capital Expenditure Free Cash Flow Cash Flows from Financing Activities Cash and cash equivalents at the beginning of the year Cash Flow of the Period Cash and cash equivalents at the end of the year 10 (3,6) 2,0 (3.1) FY 13 (0.7) 16,0 (7,2) 8,8 (6,6) 5
Slide 11: Appendices
Appendices
Slide 12: Company Profile
Company Profile (1) Organisational Structure Ownership Structure Aeffe Fashion Group IM Fashion Tullio Chairman: Massimo Ferretti CEO: Simone Badioli 24% Badioli 5% Chief Executive Officer Simone Badioli Mediobanca 2% General Manager/CFO Marcello Tassinari Aeffe 5% Investor Relation Communication an
Slide 13: Cash Flow Statement
Cash Flow Statement (€m) PBT Depreciation & Amortisation Provisions & Impairments Taxes Net Interest Change in other liabilities / (assets) Operating Cash Flow Capital expenditure for intangible assets Capital expenditure for tangible assets (Increase) / decrease in investments in other fixed assets
Slide 14: Income Statement – Full Year 2011-2013
Income Statement – Full Year 2011-2013 (€m) 14
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 or redistributed. Persons into whose possession the content of this presentation come should