Salvatore Ferragamo Results Presentation Deck

Made public by

Salvatore Ferragamo

sourced by PitchSend

1 of 10

Creator

salvatore-ferragamo

Category

Consumer

Published

April 2023

Slides

Transcriptions

#11Q 2023 Revenue Update Analyst Presentation April 20, 2023 - 6.00 PM CET FERRAGAMO#2DISCLAIMER This presentation contains forward-looking statements regarding future events and results of the Company that are based on the current expectations, projections and assumptions of the management of the Company. The actual results may differ materially from those expressed in any forward-looking statement and the Company does not assume any liability with respect thereto. This document has been prepared solely for this presentation and does not constitute any offer or invitation to sell or any solicitation to purchase any share in the Company. The Manager in Charge of preparing the Company financial reports hereby certifies pursuant to paragraph 2 of art. 154-bis of Legislative Decree no. 58 of February 24, 1998, that the accounting disclosures of this document are consistent with the accounting documents, ledgers and entries. FERRAGAMO 1#31Q 2023 BUSINESS UPDATE FERRAGAMO#41Q 2023 BUSINESS UPDATE • 2022 was a building year in which we started our strategic refocusing. • In 2023 we started the progressive deployment of our new product offer. In February the first products designed by our new creative Director, Maximilian Davis, arrived in our stores. • In spite of positive early results, the limited quantities of new products are not yet sufficient to positively impact the trading in this phase of the transition. Reported revenues for Q1 23 were down 4% vs. LY (-7% at const. FX). • RTL, at const. FX, was down 2% vs. Q1 22, mainly penalized by a softening US market, while we reported a positive performance in EMEA and a progressively improving trend in China, with Mainland Chinese customers also driving the recovery in Hong Kong. • WHL, at const. FX, was down 16% vs. Q1 22, due to the planned rationalization of our third parties' network, mainly in the US, and the delayed recovery of Travel Retail in Asia Pacific, while EMEA reported a solid trend. FERRAGAMO 3#51Q 2023 BUSINESS UPDATE • While the new offering today represents a small portion of the overall intended collection, it is an important step in the execution of our strategy and we are pleased by the early results. It will not be until later this year that we will start to see the fuller appreciation of the more complete new offer. • We are also very pleased by the positive resonance and visibility of our initial communication efforts. • New marketing activities and a higher share of new products will provide the engine for growth and increased store efficiency. • We continue to invest in our business and make the critical choices to rationalize and elevate our wholesale channel. • We are conscious of the work ahead of us, remain confident in our plans and confirm our mid-term ambition. FERRAGAMO 4#61Q 2023 REVENUES FERRAGAMO J 18- FERRAGAKO 13. D#7P 7 (Euro MM) Retail 1Q 2023 REVENUE BY DISTRIBUTION CHANNEL Wholesale Net Sales Hedging Licences & Other Rev. Rental income 2023 Total Revenue 191.0 80.9 271.9 1.5 3.8 0.7 278.0 March YTD FERRAGAMO 2022 A % 195.4 -2.3% 94.0 289.5 -6.1% (3.6) 3.0 0.6 -13.9% -16.1% na 30.3% Δ % Const FX 8.3% -2.4% -6.9% na 30.3% 3.6% Weight on Weight on Tot 2023 Tot 2022 -6.5% 68.7% 29.1% 97.8% 0.5% 1.4% 0.2% 67.5% 32.5% 100.0% 289.4 -4.0% 100.0% 100.0% For a better performance analysis, data for 1Q 2022 were restated for comparative purpose following a different presentation of revenues by channel. -1.3% 1.0% 0.2% 6#87 (Euro MM) Europe North America Japan 1Q 2023 NET SALES BY REGION Asia Pacific Latin America Net Sales 2023 71.9 67.3 23.7 90.8 18.2 271.9 March YTD 2022 A% 57.6 24.7% 84.0 -19.8% 25.5 -7.1% 105.1 -13.6% 17.3 5.4% 289.5 -6.1% A % Const FX 25.0% -23.4% 1.2% -13.0% -5.7% -6.9% Weight on Tot 2023 26.4% 24.8% 8.7% 33.4% 6.7% Weight on Tot 2022 19.9% 29.0% 8.8% 36.3% 6.0% 100.0% 100.0% For a better performance analysis, Net Sales by geographical area have been presented excluding Cash flow hedge effect on revenues and data for 1Q 2022 were restated only for comparative purpose. FERRAGAMO 7#97 (Euro MM) Shoes Leather goods & handbags RTW 1Q 2023 NET SALES BY PRODUCT Silk & other access. Fragrances Net Sales 2023 124.8 107.7 19.4 19.2 0.9 271.9 March YTD FERRAGAMO 2022 Δ % 125.4 -0.4% 126.3 -14.8% 17.8 19.1 0.9 289.5 8.6% 0.5% 1.2% -6.1% A % Const FX -1.7% -15.3% 8.0% -0.3% 0.0% -6.9% Weight on Tot 2023 45.9% 39.6% 7.1% 7.1% 0.3% 100.0% Weight on Tot 2022 43.3% 43.6% 6.2% 6.6% 0.3% 100.0% For a better performance analysis, Net Sales by product category have been presented excluding Cash flow hedge effect on revenues and data for 1Q 2022 were restated only for comparative purpose. 8#101Q 2023 Q&A FERRAGAMO

Download to PowerPoint

Download presentation as an editable powerpoint.

Related

Second Quarter 2022 Earnings Presentation image

Second Quarter 2022 Earnings Presentation

Consumer

TATA CONSUMER PRODUCTS Earnings Update image

TATA CONSUMER PRODUCTS Earnings Update

Consumer

Aeva Results Presentation Deck image

Aeva Results Presentation Deck

Consumer

Despegar Investor Day Presentation Deck image

Despegar Investor Day Presentation Deck

Consumer

Vroom Investor Day Presentation Deck image

Vroom Investor Day Presentation Deck

Consumer

Solo Brands IPO Presentation Deck image

Solo Brands IPO Presentation Deck

Consumer

Arrival Results Presentation Deck image

Arrival Results Presentation Deck

Consumer

Bed Bath & Beyond Results Presentation Deck image

Bed Bath & Beyond Results Presentation Deck

Consumer