FY22 RESULTS PRESENTATION

Livio Libralesso, CEO

9 March 2023

DISCLAIMER

FIGURES ARE REPORTED UNDERIAS/IFRS. CERTAIN STATEMENTS MADE IN

THIS PRESENTATION ARE FORWARD LOOKING STATEMENT. SUCH STATEMENTS

ARE BASED ON CURRENT EXPECTATIONS AND ARE SUBJECT TO A NUMBER OF

RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER

MATERIALLY FROM ANY EXPECTED FUTURE RESULTS IN FORWARD LOOKING

STATEMENTS.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION TO

UNDERWRITE, SUBSCRIBE FOR OR OTHERWISE ACQUIRE OR DISPOSE OF ANY

GEOX S.P.A. SHARES. ANY REFERENCE TO PAST PERFORMANCE IS NOT A

GUIDE TO FUTURE PERFORMANCE.

2

FY22 RESULTS EXECUTIVE SUMMARY

FY22 RESULTS

T OT A L S A L E S A T 7 3 6 M L N € ( + 2 0 . 8 %) D R I V E N B Y A P OS I T I V E G R O W T H I N A L L C H A N N E L S .

4 Q2 2 ( + 1 4 . 4 %) A B OV E E X P E C T A T I ON S D R I V E N B Y A S O U N D M A R K E T D E M A N D A N D A N I M P R OV I N G S U P P L Y C H A I N S I T U A T I O N

G R O S S M A R G I N A T 4 7 . 5 % ( + 8 0 B P S V S F Y 2 1 )

E B I T A T 4 . 3 M L N € ( - 4 4 . 9 M L N € I N F Y 2 1 )

P F N ( A N T E I F R S 1 6 ) A T - 4 9 . 8 M L N € ( - 6 4 . 3 M L N € I N F Y 2 1 )

N E T W OR KI N G C A P I T A L A T 7 7 M L N € ( 1 0 . 5 % O F T OT A L S A L E S v s 1 8 . 5 % I N F Y 2 1 )

CURRENT TRADING - 2023 UPDATE

D OS ( W 9 ) : L F L Y T D D OS M I D S I N G LE D I G I T P OS I T I V E V S 2 0 2 2 ( + 3 % V S 2 0 1 9 ) W I T H A N ON G O I N G I M P R O V E M E N T I N M A R KD O W N S

W H OL E S A LE : D OU B L E D I G I T G R OW T H F OR S S 2 3 A N D F W 2 3 I N I T I A L O R D E R I N T AK E S .

S U P P L Y C H A I N I S S U E S : S I T U A T I O N S T R ON G L Y I M P R OV E D I N T H E LA S T M ON T H S W I T H L E V E L O F S E R V I C E C LO S E T O P R E - P A N D E M I C L E V E L

3

FY22 VS FY21/FY20 NET SALES BY CHANNEL - B&M AND ONLINE

DELTA '22 vs '21: +127 MLN€

PERIMETER EFFECT*: -7 MLN€

PERFORMANCE: +134 MLN€

+ 3 7 . 5 %

736

+ 2 0 . 8 %

609

535

+ 1 3 . 8 %

B&M

CHANNELS

540

429

397

ONLINE

138

180

196

CHANNELS

2020

2021

2022

% DOS CLOSED

14%

1%

FOR COVID 19

23%

RESTRICTIONS

SALES IN MLN€

  • * RELATED TO DOS AND FRANCHISING STORES RATIONALIZATION (NET CLOSURES)

BREAKDOWN 2022 SALES

27% DIGITAL

73% B&M

D E LT A B Y C H A N N E L

SALES BY CHANNEL

FY22 VS FY21

FY22 - WEIGHT IN %

WHOLESALE B&M

24,4%

30,2%

FRANCHISING

47,4%

8,6%

DOS B&M

22,3%

34,4%

TOT. B&M CHANNELS

25,7%

73,2%

WHOLESALE ONLINE

15,3%

20,1%

DOS ONLINE

(6,1%)

6,7%

TOT. ONLINE CHANNELS

9,1%

26,8%

TOTAL SALES

20,8%

100,0%

FY22 VS FY19 RESULTS NET SALES AND PROFITABILITY

B&M

CHANNELS

ONLINE CHANNELS

DELTA '22 vs '19: -70 MLN€

PERIMETER EFFECT*: -70 MLN€

PERFORMANCE: FLAT

FY22 SALES IN LINE

WITH FY19 EXCLUDING

PERIMETER EFFECT

806

RETAIL PERIMETER EFFECT*

736

669540

SHIFT FROM B&M TO ONLINE

137196

20192022

27

25

EBITDA**

ANTE IFRS 16

(mln€)

20192022E

EBIT**

4

(mln€)

-3

20192022

DATA IN MLN€

  • * RELATED TO DOS AND FRANCHISING STORES RATIONALIZATION (NET CLOSURES)

** EXCLUDING EXTRAORDINARY ITEMS IN FY19

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Geox S.p.A. published this content on 09 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2023 16:44:10 UTC.