Ferrari Group Plc · EURONEXT:FERGR
Ferrari — FY2024 Earnings Presentation
30 slides from Ferrari's earnings presentation, Apr 30, 2025
Slide 1: FY24 Results Presentation
FY24 Results Presentation 30 April 2025 Ferrari Group Plc
Slide 2: Disclaimer
2 | FY24 Results Presentation Disclaimer This document may include statements that are, or may be deemed to be, ''forward-looking statements'', including its financial targets and objectives relating to the business, financial performance, results of operations, financial condition, liquidity, prosp
Slide 3: Today’s Presenters
3 | FY24 Results Presentation Today’s Presenters Marco Deiana Alessandro Ugo Paola Mantovani Chief Executive Officer Chief Financial Officer Head of Investor Relations Founding Family, Second Generation
Slide 4: Agenda
4 | FY24 Results Presentation Agenda 01 FY24 Results Overview 02 Financial Review 03 Strategy and Outlook 04 Q&A / Appendix
Slide 5: FY24 Results Overview
FY24 Results Overview Marco Deiana, Chief Executive Officer
Slide 6: FY24 Results Highlights
6 | FY24 Results Presentation FY24 Results Highlights Targets met across financial metrics FY24 FY23 Change Revenue €348.8m €333.0m +5% Adjusted EBITDA €92.4m €90.0m +3% Adjusted EBITDA Margin 26.5% 27.0% -50bps Net Profit €57.3m €56.9m +1% Net Financial Position* €87.0m €72.6m +20% Note: (*) A posi
Slide 7: Latest Business Developments
7 | FY24 Results Presentation Latest Business Developments Strong execution against strategy 01 02 03 04 Geographic Expansion Business Wins Digital Transformation Leadership Strengthening Enhancing the Company’s Client Wins and IT Digital Key Hires to Support Global Footprint Offering Expansion Tran
Slide 8: Financial Review
Financial Review Alessandro Nicolo Ugo, Chief Financial Officer
Slide 9: Financial Results Highlights
9 | FY24 Results Presentation Financial Results Highlights Steady growth driven by strategy execution Revenue (€m) Adj. EBITDA (€m) & Net Financial Position* (€m) Adj. EBITDA Margin (%) 26.5% 348.8 87.0 92.4 27.0% 333.0 90.0 72.6 FY23 FY24 FY23 FY24 FY23 FY24 +4.7% YoY +2.6% YoY + €14.4m • Significa
Slide 10: Robust Organic Revenue Growth
10 | FY24 Results Presentation Robust Organic Revenue Growth 5% YoY revenue growth driven by strong performance across all segments Revenue (€m) • FY24 revenue above the mid-point of the +4.7% YoY 2024 outlook announced at IPO (+4.7% Y- o-Y), despite challenging market conditions in the luxury secto
Slide 11: Revenue By Service
11 | FY24 Results Presentation Revenue By Service Positive Momentum Across Services Revenue (€m) and YoY Performance (%) Revenue Breakdown +3.8% 11% 222.0 230.5 6% +13.1% +21.1% -7.9% 16% 50.8 57.4 66% 41.9 38.5 18.4 22.3 International Services Domestic Services Warehouse & Logistics Special and oth
Slide 12: Revenue By Geography
12 | FY24 Results Presentation Revenue By Geography Europe Remains a Key Growth Driver With Continued Expansion Across the Rest of the World Revenue (€m) and YoY Performance (%) Revenue Breakdown +6.1% 11% 203.4 191.7 14% -4.6% +5.0% +13.4% 58% 61.2 58.3 17% 45.3 47.5 39.5 34.8 Europe Asia NAM & Bra
Slide 13: Reliable and Resilient Profit Generation
13 | FY24 Results Presentation Reliable and Resilient Profit Generation Broadly stable margins despite investment for growth Key Notes • Solid performance keeping high Adj. EBITDA profitability broadly stable at 26.5% of Margin (% of Revenue) 27.0% 26.5% revenues • Slight decrease YoY, in line with
Slide 14: Consistent Operating Expenses
14 | FY24 Results Presentation Consistent Operating Expenses Business Expansion Delivered with Cost Stability Key Notes • Costs of services which mainly consists Operating Expenses 75.2% 75.3% of shipping costs, increased as we (% of Revenue) continue our business expansion and internalization of ac
Slide 15: Steady Investment for Growth
15 | FY24 Results Presentation Steady Investment for Growth Stable capex focused on key growth initiatives Key Notes • Additions to Fixed Assets for FY24 Adj. Cash Conversion Rate (*) 86.1% 86.3% reflecting the group’s continued growth strategy despite our continued ‘Asset Light’ approach Capital Ex
Slide 16: Positive Cash Flow
16 | FY24 Results Presentation Positive Cash Flow Positive EBITDA trends driving growth in cash flow Cash Flow (€m) Key Notes +17.2% • Cash from Operating activities mainly driven by EBITDA contribution generated by the operations 62.6 • Cash used in Investing activities for Capex in Tangible and In
Slide 17: Enhanced Net Financial Position
17 | FY24 Results Presentation Enhanced Net Financial Position Robust performance reflected in healthy balance sheet Key Notes • YoY Growth in net cash position of Net Financial Indebtedness* (€m) 72.6 87.0 €14.4m 8.9 • YoY Growth in cash of €17.0m 6.7 • The Group does not have any significant finan
Slide 18: Strategy and Outlook
Strategy and Outlook Marco Deiana, Chief Executive Officer
Slide 19: Ferrari Group is Well Positioned
19 | FY24 Results Presentation Ferrari Group is Well Positioned to continue enjoying the future growth in luxury logistics Flexibility & Personalisation Increasing Weight of Sustainability Fulfillment Outsourcing • Focus for luxury brands on the environmental impact • Luxury brands increasingly seek
Slide 20: Clear Strategy for Mid-Term Growth
20 | FY24 Results Presentation Clear Strategy for Mid-Term Growth Key strategic pillars Top line Opportunities money Increase Existing Share of Wallet Regional Expansion Customer Base Expansion Increase share of wallet across diverse Increasing geographical coverage to Strategically target and grow
Slide 21: Delivering on Planned Geographical Expansion
21 | FY24 Results Presentation Delivering on Planned Geographical Expansion Opening in Saudi Arabia The Middle East region has seen solid growth in hard luxury logistics • During 2024, we have worked on establishing a new subsidiary in the Kingdom of Saudi Arabia • Completion of the incorporation pr
Slide 22: Outlook
22 | FY24 Results Presentation Outlook Full year and medium-term targets Financial Metrics 2025 Objectives Medium Term Revenues growth In line with FY24 6 – 8% Adj. EBITDA Margin 26.5% or slightly above 27 – 29% Capital Expenditure Ordinary capex1 stable Ordinary capex of 2% of revenues We remain co
Slide 23: Q&A Session / Appendix
| ae | eh” ‘vg Ze DELIVERING FERRARI 28M O4 QA Session / Appendix
Slide 24: Differentiated Business Model
24 | FY24 Results Presentation Differentiated Business Model Positioned to capture the market share with significant operating leverage Differentiated Value Proposition Attractive Operating Leverage Fully Invested Global Platform – Exceptional brand value – Efficient cost basis – Low capital intensi
Slide 25: Continued Focus on Sustainability
25 | FY24 Results Presentation Continued Focus on Sustainability Delivering on our ESG commitments Environment Social Governance • 1/3 entities worldwide received a ISO 14001 • To further encourage the personal and • The Group has adopted a management system certification professional development of
Slide 26: 2024 Achievements
26 | FY24 Results Presentation 2024 Achievements Our culture and heritage underpins our success Recognized by Deloitte Private with Celebrated successful 40 years of Selected official partner for security Published its first audited annual the ‘2024 BEST MANAGED presence in serving clients in France
Slide 27: Ferrari Group History
27 | FY24 Results Presentation Ferrari Group History 1960s 1980s 2000s 2020s Established in 1959 in Expands both in Europe and New openings in LA and A pivotal decision is made to Alessandria, Italy as a US, spurred by growth in the Miami, a JV with Hecny perform Sustainability auditing freight forw
Slide 28: Ferrari Group Global footprint
28 | FY24 Results Presentation Ferrari Group Global footprint FY24 Revenue Breakdown 11% 14% 58% 17% Europe Asia NAM & Brazil Rest of World
Slide 29: Ferrari Group Our people
29 | FY24 Results Presentation Ferrari Group Our people 2,050+ Total no. of employees FY24 7% 10% 47% Retention rate 80% 36% Asia Europe NAM Rest of World
Slide 30: Thank you for your attention
Thank you for your attention For more information, please contact: Paola Mantovani | Head of Investor Relations ir@ferrarigroup.net www.ferrarigroup.net