Aeffe S.p.a. · MIL:AEF
Aeffe — FY2020 Earnings Presentation
14 slides from Aeffe's earnings presentation, Mar 18, 2021
Slide 1: AEFFE FY 2020 Consolidated Financial Results Presentation
AEFFE FY 2020 Consolidated Financial Results Presentation 18th March 2021
Slide 2: FY 2020 Key Facts
FY 2020 Key Facts Consolidated Revenues -23.3% ex forex at € 269.1m, (-23.4% at current exchange rates) due to Covid-19 pandemic effects Consolidated EBITDA adjusted at € 8.5m (3.2% of sales), net of € 4.0m extraordinary inventory write-down due to the pandemic impact, compared to an EBITDA of €
Slide 3: Net Sales Breakdown by Division
Net Sales Breakdown by Division(1) FY 2020 FY 2019 (€m) (€m) % on Total Sales % on Total Sales 280 280 262,2 Footwear & Leather 260 Footwear 260 Goods 31% 35% & Leather 240 Goods 240 61,2 197,4 220 65% 220 69% (24.6%)* vs FY 2019 Prêt à Prêt à porter 200 200 porter 180 180 45,7 68,8 160 160 140 140
Slide 4: Net Sales Breakdown by Brand
Net Sales Breakdown by Brand FY 2020 FY 2019 (€m) (€m) % on Total Sales % on Total Sales 262,5 260 260 12%Pollini Philosophy di 240 215,4 240 10% Lorenzo Serafini 8% 63,1 5% 220 (17.8%)* 5% 220 Others 80% 2% 1% 75% Alberta 200 6% 200 8% Ferretti 52,1 180 180 Moschino 69,3 160 160 140 140 69,1 120 12
Slide 5: Net Sales Breakdown by Region
Net Sales Breakdown by Region FY 2020 FY 2019 (€m) (€m) % on Total Sales % on Total Sales 170,0 Asia & 170,0 RoW 160,9 Asia & RoW 160,0 Europe 160,0 Europe 20% 25% 24% 31% 150,0 150,0 4% America 5% America 140,0 35,6 121,9 140,0 45% 130,0 (24.2%)* 130,0 46% Italy Italy 120,0 120,0 110,0 24,0 110,0 1
Slide 6: Net Sales Breakdown by Channel
Net Sales Breakdown by Channel FY 2020 FY 2019 (€m) (€m) % on Total Sales % on Total Sales 260 260 243,9 Retail Retail 240 240 24% 27% 220 195,1 220 4% Royalties 56,4 4% Royalties (19.9%)* 72% 200 200 69% Wholesale Wholesale 180 180 46,2 160 160 66,6 140 140 120 62,2 120 100 100 93,8 45,2 63,5 22,2
Slide 7: Mono-brand Stores Network
Mono-brand Stores Network DOS FY20 FY19 Europe 42 42 America 1 3 Asia 16 16 Total 59 61 Franchising FY20 FY19 Europe 40 40 America 0 1 Asia 104 122 Total 144 163 7
Slide 8: Income Statement – FY 2020/2019
Income Statement – FY 2020/2019 (€m) 2020A 2019A Net Sales 269,1 351,4 % change (23,4%) Other Revenues 10,5 10,1 Total Revenues 279,6 361,5 % change (22,6%) Raw Materials Costs (107,8) (115,3) Service Costs (93,2) (108,3) Costs for use of third parties (6,6) (9,0) Personnel (61,8) (72,4) Other Opera
Slide 9: Summary Balance Sheet
Summary Balance Sheet (€m) FY 20 FY 19 Net Working Capital 97,3 107,2 Net Tangible Assets 61,7 62,8 Net Intangible Assets 72,5 76,1 Net Intangible Assets for Rights of use - IFRS 16 100,5 110,7 Net Financial Assets 2,7 2,9 Severance Staff, Provisions & Others (14,9) (20,3) Net Capital Employed 319,7
Slide 10: Summary Cash Flow
Summary Cash Flow (€m) FY 20 FY 19 PBT (27,6) 21,8 Operating Cash Flow 10,3 19,2 Capital Expenditure (5,4) (9,7) Capital Expenditure for Rights of use - IFRS 16 (6,6) (1,1) Free Cash Flow (1,8) 8,5 Cash Flows from Financing Activities 13,2 (8,1) Cash and cash equivalents at the beginning of the year
Slide 11: Appendices
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Slide 12: Income Statement – Full Year 2018-2020
Income Statement – Full Year 2018-2020 (€m) 2020A 2019A Net Sales 269,1 351,4 % change (23,4%) Other Revenues 10,5 10,1 Total Revenues 279,6 361,5 % change (22,6%) Raw Materials Costs (107,8) (115,3) Service Costs (93,2) (108,3) Costs for use of third parties (6,6) (9,0) Personnel (61,8) (72,4) Othe
Slide 13: Company Profile
Company Profile Organisational Structure Ownership Structure Market 32% AEFFE FASHION GROUP Chairman: Massimo Ferretti Chief Executive Officer Simone Badioli Managing Director Marcello Tassinari Aeffe Investor Relation Communication and Manager Marketing 7% Annalisa Aldrovandi Chief Information Huma
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