Aeffe S.p.a. · MIL:AEF
Aeffe — Q1 2015 Earnings Presentation
15 slides from Aeffe's earnings presentation, May 13, 2015
Slide 1: First Quarter 2015 Results Presentation
First Quarter 2015 Results Presentation 13, May 2015
Slide 2: 1Q 2015 Key Facts
1Q 2015 Key Facts Consolidated Revenues +5.3% at € 71.2m, (+3.5% at constant exchange rates) Consolidated EBITDA for € 12.5m (17.6% on sales), compared to an EBITDA of € 10.7m (15.8% on sales) in 1Q 2014, with a €1.8m improvement Net Profit for the Group at € 4.5m, compared to a Net Profit of € 3.2m
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) 1Q 2015 1Q 2014 (€m) (€m) % on Total Sales % on Total Sales 60 60 Footwear +2.5%* vs 1Q 2014 & Leather Footwear Goods 27% 31% & Leather Goods 50 50 69% 73% Prêt à Prêt à porter porter 40 40 30 30 55,2 +23.7%* vs 1Q 2014 52,7 20 20 24,5 10 10 19,8 0 0 Prêt à porter
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand 1Q 2015 1Q 2014 (€m) (€m) % on Total Sales % on Total Sales 50 50 +15.9% * Pollini 12% Pollini Philosophy Philosophy 11% 12% 5% 9% Others Others 8% 11% 40 65% 58% 11% 40 10% Alberta Alberta Ferretti Ferretti Moschino Moschino 30 30 45,9 20 20 39,0 10 10 +11.9% * (6.8%) *
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region 1Q 2015 1Q 2014 (€m) (€m) % on Total Sales % on Total Sales 35 35 Russia USA Russia USA Japan Japan +10.7% * 3% 7% 8% 5% 3% 2% 23% 19% 25% 17% 30 Europe RoW 30 Europe RoW 45% 43% 25 25 Italy Italy 20 20 (3.6%)* 32 15 +11.9% * 15 28,9 10 10 16,5 16,9 +24.7% * 13,3 11,7 5
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel 1Q 2015 1Q 2014 (€m) (€m) % on Total Sales % on Total Sales 50 50 +3.3% * Retail Retail 29% 28% 45 45 4% Royalties 5% Royalties 40 40 67% 67% 35 Wholesale 35 Wholesale 30 30 25 25 47,4 45,1 +5.5% * 20 20 15 15 10 20,4 10 19,3 5 (4.6%) * 5 3,7 3,4 0 0 Wholesale Retail R
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS Franchising 7
Slide 8: Income Statement – 1Q 2015/2014
Income Statement – 1Q 2015/2014 (€m) 8
Slide 9: Summary Balance Sheet
Summary Balance Sheet (em) poe ee eee eee 1 ; IQs FY14 1914 Net Working Capital 101,1 ! 81,7 84,8 Net Tangible Assets 63,7 63,8 64,3 Net Intangible Assets 127,0 127,9 128,7 Net Financial Assets 49 4 48 48 Severance Staff, Provisions & Others (47,4) (46,6) (47,5) Net Capital Employed 249,2 231,5 235,
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) i 1 =1Q15 FY 14 1Q 14 J I PBT 83 61 61 ! Operating Cash Flow i (9,2) t 16,9 0,7 ! 1 + i 1 Capital Expenditure ' (2,1) (6,6) 1,4 Free Cash Flow ' (11,3) H 10,3 2,1 ! J i} ! 1 Cash Flows from Financing Activities 12,1 ' (11,1) (3,7) ! i J ! ! 1 ! i ' 1 Cash and cash equivalents
Slide 11: Appendices
AIT Appendices a = ene
Slide 12: Company Profile
Company Profile (1) Organisational Structure Ownership Structure Aeffe Fashion Group Chairman: Massimo Ferretti IM Fashion CEO: Simone Badioli 24% Tullio Chief Executive Badioli Officer Simone Badioli 5% General Manager/CFO Marcello Tassinari Aeffe 5% Investor Relation Communication and Manager Mark
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 2012-2014
Income Statement – Full Year 2012-2014 (€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