AEFFE 2014 Consolidated Results Presentation 11, March 2015

Transcription

1 AEFFE 214 Consolidated Results Presentation 11, March 215

2 FY 214 Key Facts Consolidated Revenues +.2% at 251.5, (flat at constant exchange rates); consolidated sales would have increased by 7.6% at constant exchange rates, net of the effects of already terminated licenses and of the reorganization of the distribution in Japan Consolidated EBITDA for 25.7m, compared to an EBITDA of 2.6m in FY 213, with a 5.1m increase Net Profit for the Group at 2.7m, compared to a Net Loss of 3.2m in FY 213, with a 5.9m improvement Consolidated Net Financial Debt of 83.5m, compared to 88.6m as of 31 December 213, with a 5.1m improvement 246 Mono Brand Stores 2

3 Net Sales Breakdown by Division (1) FY 214 FY ,1-2.7% * vs FY % ** vs FY ,8 69% Prêt à porter 31% Footwear & Leather Goods ,9 46,3 Prêt à porter 73% 27% Footwear & Leather Goods 12 52,5 86, 12 52, % * vs FY % ** vs FY ,1 22,3,9 71, ,5 21,7 2 52,7 17,9 19,8 2 56,9 13,4 2,3 Prêt à porter Footwear & Leather Goods Prêt à porter Footwear & Leather Goods * At constant exchange rates ** Net of the effects of the Japanese distribution reorganization and of the terminated licenses at constant exchange rates (1) Before inter-divisional eliminations 1Q 2Q 3Q 4Q 3

4 Net Sales Breakdown by Brand FY 214 FY , % * +14.5% ** 41,8 Moschino 65% Pollini 13% 6% 8% 8% Philosophy Others Alberta Ferretti ,5 37,7 % 12% Pollini 13% 9% 1% 8% Philosophy Others Alberta Ferretti 9 46,3 9 41,6 Moschino ,3 32,9 5 32, ,5 +1.6% * +1.4%** (26.4%)** 4,1 6 2,1 3,4 3,6 2,2 7, 6, Alberta Ferretti * At constant exchange rates 13,9 (35.7%) * 39, +.6% * 2,8 +2.5%** (13.9%) * 7,3 (6.8%)** 1,2 3,3 5,8 7,1 4,2 8,3 7,5 Philosophy Moschino Pollini Others ** Net of the effects of the Japanese distribution reorganization at constant exchange rates and net of the effects of already terminated licenses Q 4,6 5,1 6,1 5,5 4,2 3,6 5,2 7,4 Alberta Ferretti 2Q 2,1 3Q 21,6,8 32,7 7,2 24,2 1,3 3,3 6,8 6,7 3, 8,5 11,1 Philosophy Moschino Pollini Others 4Q

5 Net Sales Breakdown by Region FY 214 FY ,6 +8.7% * 26, Europe Russia USA Japan 7% 6% 3% 22% 17% RoW 11 14,5 21,6 9 Russia USA Japan 8% 7% 9% 2% 15% Europe RoW 45% Italy 41% Italy ,7 55, %* 42,3 12,9 +1.4% * 24, 14,5 9,9 16,6 16,1 12,5 11,5 (14.1)% * (5.6)% * 28,9 2,9 7, 8,2 4,7 4,1 (67.9)%* * 16,9 4,3 4,4 3,6 2, 11,7 5,1 1,7 3,5 1,5 1,8 Italy Europe Russia USA Japan RoW (1) ,1 5, 23,6 1,7 38,2 15,3 9,1 29,2 21,9 19,4 1,4 17,1 9,2 4, 6,6 6,6 5,9 5,8 5,1 3,6 14,8 3,8 3,5 3,2 12,1 5,7 4,5 6,7 Italy Europe (1) Russia USA Japan RoW (1) Italy and Russia excluded * At constant exchange rates ** Data reflect the reorganization of the distribution network 1Q 5 2Q 3Q 4Q

6 Net Sales Breakdown by Channel FY 214 FY ,8 +7.% * +7.9% ** 41,5 Retail 28% 4% Royalties ,6 35,8 32% Retail 5% Royalties % Wholesale 12 46,8 63% Wholesale 34,2 69,8 (12.9)% * +4.7% ** 16,9 27, 79,7 21,6 18,4 19,7 15,6 1,9 2 45,1 (8.1%) *,1 18,9 3,4 3,7 3,6 Wholesale Retail Royalties * At constant exchange rates ** Net of the effects of the Japanese distribution reorganization and of the terminated licenses at constant exchange rates 1Q 2Q ,1 11,8 19,3,4 3,9 3,8 3,7 Wholesale Retail Royalties 3Q 4Q 6

7 Mono-brand Stores Network DOS Franchising 7

8 Income Statement FY 214/213 8

9 Balance Sheet 9

10 Summary Cash Flow 1

11 Appendices

12 Company Profile Organisational Structure Aeffe Fashion Group Chairman: Massimo Ferretti CEO: Simone Badioli Chief Executive Officer Simone Badioli General Manager/CFO Marcello Tassinari Ownership Structure IM Fashion 24% (1) Tullio Badioli 5% Aeffe 5% Chief Executive Officer AEFFE Simone Badioli Investor Relation Manager Annalisa Aldrovandi Human Resources Fausto Bacchini General Manager MOSCHINO Alessandro Varisco Chief Executive Officer VELMAR Luca Gori Communication and Marketing Monica Paparcone IT Diego Picciani, Giorgio Bruzzesi Chief Executive Officer POLLINI Antonella Tomasetti Market 24% Psquared Master Sicav Ltd 3% Highclere Int. LLP 2% Finance and Administratio n Sales Retail Style Product Planning and Production Finance and Administratio n Sales Style Retail Prêt-à-porter division Product Planning and Production Style Sales Finance and Admin. Sales Style Product Planning Retail and Production Footwear and leather goods division Fratelli Ferretti Holding 37% Share Information Investor Relations N of shares outstanding: 17,362,54 Italian Stock Exchange STAR Segment Specialist: Mediobanca S.p.A. Tickers: AEF IM (Bloomberg) AEF MI (Reuters), AEF (Borsa Italiana) Investor Relations AEFFE S.p.A Annalisa Aldrovandi annalisa.aldrovandi@aeffe.com (1) Source: Consob as of 11 March

13 Cash Flow Statement 13

14 Income Statement Full Year

15 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 inform themselves about and observe any such restrictions. Any failure to comply with the restrictions set forth above may constitute a violation of applicable securities laws. This announcement does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any Aeffe SpA shares. 15