Aeffe S.p.a. · MIL:AEF
Aeffe — Q1 2022 Earnings Presentation
21 slides from Aeffe's earnings presentation, May 12, 2022
Slide 1: Consolidated Financial Presentation Q1 2022
AEFFE Consolidated Financial PRESENTATION Q1 2022 12th May 2022
Slide 2: Share Information and Disclaimer
SHARE INFORMATION AND 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 subscr
Slide 3: Aeffe Group 2021
AEFFE GROUP 2021 PHILOSOPHY ALBERTA FERRETTI MOSCHINO. "vite por PoLLINI 4 € 324.6 MLN MAISONS REVENUE eeee 200 1,287 MONOBRAND EMPLOYEES STORES 69 4 COUNTRIES COMPANIES
Slide 4: Organization Structure & Ownership
ORGANIZATION STRUCTURE & OWNERSHIP AEFFE GROUP AEFFE (Holding) MOSCHINO VELMAR POLLINI Massimo Ferretti Stefano Secchi Luca Gori Marco Piazzi Chairman Managing Director Managing Director Managing Director Simone Badioli Chief Executive Officer Giancarlo Galeone Executive Director 4
Slide 5: Brand Personality
BRAND PERSONALITY FEMININE IRONIC CONTEMPORARY INNOVATIVE ELEGANT GLAMOROUS GLAMOUR HIGH QUALITY 5
Slide 6: Brand Value
BRAND VALUE Brand was launched in 1981. Alberta Ferretti has created a new concept of glamorous and elegant woman, which has evolved over time. Her creations are worn by major celebrities at the most important international events. BRAND CORE VALUE: • Contemporary Feminine • Elegance • Glamour Energ
Slide 7: Brand Collaborations
BRAND COLLABORATIONS She acknowledged she is “gratified” whenever she sees women wearing "I share with Wolford the incessant research for a balance her clothes. “I take inspiration from women and modern life, I imagine how between the quality of materials and the know-how, between I would like to se
Slide 8: Brand Value
BRAND VALUE Founded in 1984 by Alberta Ferretti under the Aeffe group. Femininity, lightness, and sensuality are the stylistic traits of Philosophy. The first collection of Philosophy designed by Lorenzo Serafini debuted during Milan Fashion Week in February of 2015. “Philosophy is a positive term d
Slide 9: Brand Value
BRAND VALUE Complete range of products under the Moschino brand. Consolidated presence in fragrances (since 1985), eyewear (1995), jewerellry (2021). BRAND CORE VALUE: • Playful and colourful; • Ironic • Glamorous • Very communicative From F/W 2014 Jeremy Scott is the new creative director. “I was r
Slide 10: Brand Value
BRAND VALUE Founded in 1953, Pollini is internationally acknowledged to represent the best tradition of italian footwear and leather goods craftsmanship. BRAND CORE BUSINESS: • Footwear • Handbags. • Leather Goods BRAND CORE VALUE: • High quality, • Contemporary design • Innovation • Made in Italy I
Slide 11: Key Figures Q1
KEY FIGURES Q1 € 101.6 mln € 20.4 mln € 14.1 mln CONSOLIDATED +26.5% CONSOLIDAT (ex forex) +45% vs 2021 2021 Q1 REVENUES ED EBITDA +26.8% (20% of sales) (17.6% of sales) (current ex. rate) GROUP NET € 8.9 mln € 3.8 mln RESULT NET PROFIT NET PROFIT 2021 Q1 CONSOLIDATED € 172.2 mln € 142.7 mln FINANCI
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS NET SALES BREAKDOWN BY B U S I N E S S BY R E G I O N +26.5 % ASIA & ROW 17% FOOTWEAR & EUROPE 31% LEATHER GOODS 41% USA 10% 102 PRET À PORTER 59% ITALY 42% 80 BY B R A N D BY C H A N N EL POLLINI 8% RETAIL 19% OTHERS 2% MOSCHINO 78% WHOLESALE ALBERTA FERRETTI 77% ROYALTIES 4% 7
Slide 13: Revenues by Business
REVENUES BY BUSINESS 2021 2022 +28 % 67,7 52,7 PRET A PORTER Q1 +28.8 % 46,2 35,9 LEATHER GOODS Q1 Euro millions A costant exchange rates Before inter-divisional eliminations 13
Slide 14: Revenues by Region
2021 2022 REVENUES BY REGION +24.6 % 42,7 34,3 ITALY Q1 +37.5 % 31,6 22,9 EUROPE Q1 - 1.2 % 17,8 17,5 ASIA & ROW Q1 + 88.3 % 9,6 5,1 USA Q1 Euro millions A costant exchange rates 14
Slide 15: Revenues by Brand
REVENUES BY BRAND 2021 2022 + 62.7 % 4,3 7,0 Q1 + 18.6 % 5,1 4,3 Q1 + 20.6 % 79,0 65,4 Q1 + 43.3 % 8,4 5,9 Euro millions Q1 A costant exchange rates 15
Slide 16: Revenues by Channel
2021 2022 REVENUES BY CHANNEL + 19.9 % 78,0 65,0 WHOLESALE Q1 + 60.8 % 19.5 12,1 RETAIL Q1 + 33 % 4.0 3,0 ROYALTIES Q1 Euro millions A costant exchange rates 16
Slide 17: Mono-Brand Stores Network
MONO-BRANS STORES NETWORK 2021Y vs 2020Y - - EUROPE ASIA USA FRANCHISING DOS FRANCHISING 38 - 105 1 EUROPE DOS ASIA 42 DOS 14 17
Slide 18: Highlights
HIGHLIGHTS CONSOLIDATED REVENUES +26.5% ex forex at € 101.6 mln (+26.8% at current exchange rates) CONSOLIDATED EBITDA +45% at € 20.4 mln (20.1% of sales) compared to an EBITDA of € 14.1 mln (17.6% of sales) in 2020 NET RESULT Net Profit for the Group at € 8.9 mln compared to a Net Profit of € 3.8 m
Slide 19: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT INCOME STATEMENT 1Q 22 1Q 21 Net Sales 101.6 80.1 % change 26.8% Other Revenues 2.0 1.7 Total Revenues 103.5 81.8 % change 26.6% Raw Materials Costs (35.1) (27.8) Service Costs (27.3) (23.1) Costs for use of third parties (2.1) (0.7) Personnel (17.3) (15.1) Other Operat
Slide 20: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET BALANCE SHEET 1Q 22 2021Y 1Q 21 Net Working Capital 98.7 79.8 110.9 Net Tangible Assets 58.3 58.8 60.9 Net Intangible Assets 67.9 68.9 71.6 Net Intangible Assets for Rights of use - IFRS 16 81.9 86.0 96.9 Net Financial Assets 1.4 1.6 2.6 Severance Staff, Provisions & Other
Slide 21: Consolidated Cash Flow
CONSOLIDATED CASH FLOW CASH FLOW 1Q 22 2021Y 1Q 21 PBT 13.3 6.3 6.9 Amortisation / write-downs 6.3 26.2 6.4 Accrual (+)/availment (-) of long term provisions 0.0 (0.2) (0.2) Paid income taxes (2.6) (1.4) (0.9) Financial income (-) and financial charges (+) 0.9 2.9 0.8 Change in operating assets and