Aeffe S.p.a. · MIL:AEF
Aeffe — FY2019 Earnings Presentation
14 slides from Aeffe's earnings presentation, Mar 12, 2020
Slide 1: AEFFE FY2019 Consolidated Financial Results Presentation
AEFFE FY2019 Consolidated Financial Results Presentation 12th March 2020
Slide 2: FY 2019 Key Facts
FY 2019 Key Facts Consolidated Revenues +1.4% at € 351.4m, (+1.2% at constant exchange rates); Consolidated EBITDA net of IFRS 16 effect for € 36.6m (10.4% of sales), compared to an EBITDA of € 43.3m (12.5% of sales) in FY 2018 Net Profit for the Group net of IFRS 16 effect at € 12.3m, compare
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) FY 2019 FY 2018 (€m) (€m) % on Total Sales % on Total Sales 262,2 280 280 265,6 (1.6%) * vs FY 2018 Footwear & Leather 260 Footwear 260 Goods 31% 31% & Leather 240 Goods 240 61,2 62,7 220 69% 220 69% Prêt à Prêt à porter porter 200 200 180 180 68,8 71,2 160 160 128
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand FY 2019 FY 2018 (€m) (€m) % on Total Sales % on Total Sales 300 280 250,8 262,5 Pollini 12% Pollini Philosophy di 280 Philisophy di 260 Lorenzo Serafini +4.5% * Lorenzo 10% 10% 5% 260 5% Serafini 240 Others 75% Others 3% 2% 72% 240 220 60,8 10% Alberta 63,1 8% Alberta Fe
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region FY 2019 FY 2018 (€m) (€m) % on Total Sales % on Total Sales 180,0 180,0 Asia & 160,9 Asia & RoW 168,5 RoW Europe Europe (4.5%) * 24% 23% 23% 25% 160,0 160,0 5%Americas 5% Americas 39,6 35,6 140,0 46% 140,0 49% Italy (1) Italy (1) 120,0 120,0 45,2 86,9 47,7 100,0 86,0 10
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel FY 2019 FY 2018 (€m) (€m) % on Total Sales % on Total Sales 260 243,9 (1.8%) * 260 247,8 Retail Retail 240 25% 27% 240 220 3% Royalties 56,4 4% Royalties 220 57,4 69% 200 72% 200 Wholesale Wholesale 180 180 160 66,6 160 66,5 140 140 120 120 93,8 100 +7.5% * 45,2 100 52
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS FY19 FY18 Europe 42 44 America 3 2 Asia 16 18 Total 61 64 Franchising FY19 FY18 Europe 40 45 America 1 1 Asia 122 138 Total 163 184 7
Slide 8: Income Statement – FY 2019/2018
Income Statement – FY 2019/2018 (€m) FY 19 including IFRS IFRS 16 effects FY 19 net of IFRS 16 2018A 16 effects (See Note 1) effects Net Sales 351,4 351,4 346,6 % change 1,4% 1,7% Other Revenues 10,1 10,1 5,4 Note 1: IFRS 16 effects Total Revenues 361,5 361,5 352,0 on Profit & Loss % change 2,7% 2,8
Slide 9: Summary Balance Sheet
Summary Balance Sheet FY 19 FY 18 (€m) Net Working Capital 107,2 85,7 Net Tangible Assets 62,8 60,3 Net Intangible Assets 76,1 103,1 Net Intangible Assets for Rights of use - IFRS 16 (see Note 2) 110,7 Note 2: IFRS 16 effects on Balance Sheet: Net Financial Assets 2,9 2,9 - Fixed Assets increase of
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) FY 19 FY 18 PBT 21,8 28,8 Operating Cash Flow 19,2 25,5 Capital Expenditure (9,7) (7,9) Capital Expenditure for Rights of use - IFRS 16 (1,1) Free Cash Flow 8,5 17,6 Cash Flows from Financing Activities (8,1) (12,4) Cash and cash equivalents at the beginning of the year 28,0 2
Slide 11: Appendices
ie Appendices
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 (1) AEFFE FASHION GROUP IM Fashion Chairman: Massimo Ferretti 24% Chief Executive Officer Simone Badioli Managing Director Marcello Tassinari Investor Relation Communication and Manager Annalisa Aldrovandi Marketing Market Aeffe 33% 6% Chi
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