Moncler Spa · MIL:MONC
Moncler Spa — FY2022 Earnings Presentation
31 slides from Moncler Spa's earnings presentation, 2023
Slide 1: Financial Results FY 2022
MONCLER GROUP FINANCIAL RESULTS FY 2022
Slide 2: Quote from Remo Ruffini
FY 2022 Financial Results 2 “Pastsuccess must always inspire new ambitions.” Remo Ruffini
Slide 3: FY 2022 Results Key Highlights
Moncler Group FY 2022 Financial Results 3 FY 2022 Results Key Highlights 1 SOLID FY RESULTS AT BOTH BRANDS GROUP REVENUES MONCLER REVENUES STONE ISLAND REVENUES FY revenues EUR 2,603m, +25% vs 2021 FY revenues EUR 2,202m, +19% vs 2021 FY revenues EUR 401m, +28%2 vs 2021 Q4 revenues EUR 1,046m, +19%
Slide 4: Moncler Brand | 70th Anniversary
FY 2022 Financial Results 4 Moncler Brand | 70th Anniversary Piazza Duomo Moncler kicked off the 70th anniversary celebration with the takeover of Piazza Duomo in Milan, with 1952 artists performing and more than 18,000 people attending. Maya 70 Moncler partnered with 7 designers part of the brand’s
Slide 5: Moncler Brand | Grenoble
FY 2022 Financial Results 5 Moncler Brand | Grenoble Moncler Grenoble Moncler Grenoble launched its latest High Performance collection, focused on dynamic technical FW22 launch skiwear designed for pros and styled for impact. This collection combined the brand DNA with tomorrow’s innovation, develop
Slide 6: Moncler Brand | Genius
FY 2022 Financial Results 6 Moncler Brand | Genius 8 Moncler Palm Angels The diverse and hedonistic spirit of 90s Miami is channelled by the latest 8 Moncler Palm Angels story, photographed by Philadelphia-born shooting star Quil Lemons and featuring supermodel, philanthropist and forever icon Naomi
Slide 7: Moncler Brand | Q4 2022 Focus on Footwear
FY 2022 Financial Results 7 Moncler Brand | Q4 2022 Focus on Footwear New footwear families Trailgrip family was launched in mid September, stepping into a new footwear dimension. This family of launched shoes has the most iconic and distinctive Moncler DNA for every active mountain or metropolitan
Slide 8: Moncler Direct Online
FY 2022 Financial Results 8 Moncler Direct Online FY 2022 PERFORMANCE Digital continuous improvements .com KPIs vs 2021 . 360+ Web improvements . 200+ App improvements Moncler members +140% . Media activities drove over 20% growth in digital revenues thanks to higher Traffic +17% Brand searches Prod
Slide 9: Moncler – Revenues by Geography
FY 2022 Financial Results 9 MONCLER – Revenues by GEOGRAPHY FY 2022 Moncler brand revenues surpassed EUR 2.2bn Q4 in Asia reached +12% vs 2021 and +56% vs EMEA revenues increased +29% in FY 2022 vs 2021. In Q4 the region with +19% vs 2021 (+36% vs 2019). Q4 recorded a 2019, driven by a strong Korean
Slide 10: Moncler – Revenues by Channel
FY 2022 Financial Results 10 MONCLER – Revenues by CHANNEL Moncler DTC1 revenues reached EUR 1,772m in FY In Q4, DTC revenues were up +18% vs 2021 and WHOLESALE revenues rose to EUR 430m, up +6% in FY 2022 vs 2021 2022, +22% vs 2021 (+43% vs 2019). +55% vs 2019, driven by strong local demand in (+14
Slide 11: Stone Island | Q4 2022 Focus
FY 2022 Financial Results 11 Stone Island | Q4 2022 Focus Stone Island For its 40th Anniversary, Stone Island presented various drops of dedicated products among which a 40th anniversary reinterpretation of the iconic ‘982 Tela Stella. To conclude a year of celebrations, Stone Island presented an in
Slide 12: Stone Island – Revenues by Geography
FY 2022 Financial Results 12 STONE ISLAND – Revenues by GEOGRAPHY Stone Island revenues reached EUR 401m in FY 2022, EMEA, which is the main region of the Brand, ASIA (which includes APAC, Japan and Korea) more than doubled in +28% vs 2021 pro-forma1, with Q4 up +48% vs 2021. grew +16% in FY 2022 vs
Slide 13: Stone Island – Revenues by Channel
FY 2022 Financial Results 13 STONE ISLAND – Revenues by CHANNEL Stone Island wholesale reported EUR 252m in FY 2022, Stone Island DTC revenues were EUR 149m in FY Even excluding the impact from the conversions from wholesale to DTC, up 7% vs 2021 with +8% in Q4 vs 2021, driven by 2022, growing +93%
Slide 14: Group Mono-Brand Store Network
Moncler Group FY 2022 Financial Results 14 Group Mono-Brand Store Network Group retail network counted as of 31 December: Changes occurred in Q4: • 251 Moncler • Moncler: 9 net openings, among which Miami Design District, Shanghai Swire, Seoul Galleria, • 72 Stone Island Chengdu SKP, Niigata Isetan
Slide 15: Chengdu SKP
FY 2022 Financial Results 15 Chengdu SKP
Slide 16: Miami Design District
FY 2022 Financial Results 16 Miami Design District
Slide 17: Chicago
FY 2022 Financial Results 17 Chicago
Slide 18: Group Income Statement
Moncler Group FY 2022 Financial Results 18 Group Income Statement 1 FY 2022 data include 12-month consolidation of Stone Island (consolidation occurred on 1 April 2021). The Stone Island brand tax value realignment generated a tax benefit of EUR 92m entirely reported in FY 2022. Net of this effect t
Slide 19: Net Capex
Moncler Group FY 2022 Financial Results 19 Net Capex Consolidated capex reached EUR 167m in FY 2022, or Infrastructure capex largely due to investments in 6.4% on revenues, in line with the previous year the production facility enlargement in Bacau and (EUR 125m and 6.1% on revenues in FY 2021). IT
Slide 20: Net Working Capital
Moncler Group FY 2022 Financial Results 20 Net Working Capital Net working capital reached EUR 192m as of 31 December 2022, equal to 7.4% of revenues (7.0% of revenues at 31 December 2021), with a strict control at both brands. (EUR M) % INCIDENCE on revenues 7.4% 7.0% 191.7 148.8 296.6 234.3 377.5
Slide 21: Net Financial Position
Moncler Group FY 2022 Financial Results 21 Net Financial Position 1 At 31 December 2022, the Group net financial position In FY 2022 the Group generated EUR 89m of net Proposed dividend of EUR 1.12 per share on FY 2022 earnings, that will was positive and equal to EUR 818m, after the payment cash. i
Slide 22: Balance Sheet Statement
Moncler Group FY 2022 Financial Results 22 Balance Sheet Statement At 31 December 2022, other assets/(liabilities) are net of EUR 216m deferred tax liabilities used in the Stone Island brand tax value realignment. 31/12/2022 31/12/2021 EUR m EUR m Brands 999.4 999.4 Goodwill 603.4 603.4 Fixed Assets
Slide 23: Cash Flow Statement
Moncler Group FY 2022 Financial Results 23 Cash Flow Statement 1 FY 2022 FY 2021 EUR m EUR m EBIT 774.5 603.1 D&A 105.6 88.8 Other non cash adjustments 14.6 11.8 Change in net working capital (42.8) 92.3 Change in other assets/(liabilities) (212.3) 51.8 Capex, net (167.1) (124.7) OPERATING CASH FLOW
Slide 24: Sustainability 2022
Moncler Group FY 2022 Financial Results 24 Sustainability 2022 FY 2022 • ~90% of electricity used at own directly operated corporate sites worldwide (production sites, offices, NON FINANCIAL REPORT logistic hub and stores) Key results • Carbon neutrality maintained at own directly operated corporate
Slide 25: Appendix
Moncler Group FY 2022 Financial Results APPENDIX
Slide 26: EBITDA reconciliation
Moncler Group FY 2022 Financial Results 26 EBITDA reconciliation 1 FY 2022 FY 2021 EUR m % EUR m % EBIT 774.5 29.8% 603.1 29.5% D&A 105.6 4.1% 88.8 4.3% Rights-of-use-amortisation 159.3 6.1% 137.5 6.7% Stock-based compensation 37.0 1.4% 28.6 1.4% EBITDA Adj. 1,076.5 41.4% 857.9 41.9% Rents associate
Slide 27: 2019-2022 Half-Year Income Statement
Moncler Group FY 2022 Financial Results 27 2019-2022 Half-Year Income Statement 1 H1 2022 H2 2022 H1 2021 H2 2021 H1 2019 H2 2019 FY 2022 FY 2021 FY 2019 EUR m % EUR m % EUR m % EUR m % EUR m % EUR m % EUR m % EUR m % EUR m % REVENUES 918.4 100.0% 1,684.5 100.0% 621.8 100.0% 1,424.3 100.0% 570.2 100
Slide 28: 2022 Revenues Quarterly performance
Moncler Group FY 2022 Financial Results 28 2022 Revenues Quarterly performance1 Group Q1 22 vs 21 22 vs 19 Q2 22 vs 21 22 vs 19 Q3 22 vs 21 22 vs 19 Q4 22 vs 21 22 vs 19 EUR m 2022 2021 2019 cFX cFX 2022 2021 2019 cFX cFX 2022 2021 2019 cFX cFX 2022 2021 2019 cFX cFX Moncler 473.4 365.5 378.5 +29% +
Slide 29: 2022 Revenues YTD performance
Moncler Group FY 2022 Financial Results 29 2022 Revenues YTD performance1 Group Q1 22 vs 21 22 vs 19 H1 22 vs 21 22 vs 19 9M 22 vs 21 22 vs 19 FY 22 vs 21 22 vs 19 EUR m 2022 2021 2019 cFX cFX 2022 2021 2019 cFX cFX 2022 2021 2019 cFX cFX 2022 2021 2019 cFX cFX Moncler 473.4 365.5 378.5 +29% +27% 72
Slide 30: Shareholding, Events, IR contacts
Moncler Group FY 2022 Financial Results 30 Shareholding, Events, IR contacts UPCOMING EVENTS 18 April 2023 Annual Shareholders’ Meeting 4 May 2023 Q1 2023 Interim Management Statement SHAREHOLDING STRUCTURE1 % N. SHARES (M) IR CONTACTS Double R S.r.l. 23.7% 65.1 ELENA MARIANI Strategic Planning and
Slide 31: Disclaimer
Moncler Group FY 2022 Financial Results 31 Disclaimer This presentation is being furnished to you solely for your information and may not be reproduced or redistributed to any other person. This presentation might contain certain forward-looking statements that reflect the Company’s management’s cur