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ER - BasicNet S.p.A. - slide di presentazione conference call 29 aprile 2025- dati 1Q 2025/slide Conference call April 30, 2025 - 2025 1Q

Company: Basic Net SpA Date: 2025-04-29 Language: English Register to download
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### BasicNet

#### 3m2025 RESULTS CONFERENCE CALL

TURIN, 29™ APRIL 2025

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**EXECUTIVE SUMMARY NETWORK ACTIVITY** 

3m 2025

**GROUP INTERIM RESULTS** 3m 2025

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**EXECUTIVE SUMMARY**

**3m adjusted EBITDA showing improvement over Y-1. Net Financial Position with banks continuously improving from recurring operations, with the additional extraordinary boost in liquidity from K-Way transaction.**

#### **TOTAL AGGREGATED SALES**

3m aggregated sales amounted to € 268,8 mln (+2,9% YoY) with mixed performances across the Brands. Aggregated sales of sourcing centers (ASSC) were up by +4,0% compared to Q1 2024, providing a promising outlook on next-future ASL.

#### **GROUP CONSOLIDATED REVENUES**

Group consolidated revenues amounted to € 98,2 mln (- 3,3% YoY) mostly due to the change in business model of certain partners (from distributors to licensees) that caused a shift from direct sales to royalties. Royalties from licensees overall followed the same dynamics as aggregated sales.

#### **EBITDA**

EBITDA stood at € 12,7 mln (€ 12,4 mln in 2024) after the adjustment of € 16,7 in costs related to the K-Way transaction. Lower direct sales still contributed a higher amount of margins (both in absolute and % value) more than offsetting the effect of non-recurring positive one-offs in 2024.

#### **NFP WITH BANKS**

Net Financial Position with banks at + € 64,0 mln (compared to - € 93,5 mln at 3m 2024 and - € 90,8 at YE24) with the cash injection coming from K-Way transaction. Operating cash flow of the quarter has been positive for € 8,4 mln. The buy-back activity has been solid at € 3,4 mln whereas dividends will be paid in Q2.

#### **TOTAL AGGREGATED SALES (TAS) € 268,8 mln € 98,3 mln**

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### **CONSOLIDATED REVENUES**

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### **EBITDA \* € 12,7 mln**

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**\* 3m25 EBITDA ADJUSTED TO NEUTRALIZE THE IMPACT OF K-WAY TRANSACTION-RELATED COSTS** 

#### **NFP WITH BANKS + € 64,1 mln**

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NETWORK ACTIVITY 3m 2025

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#### ASL - GEOGRAPHIC AREA

| in € million           | 31.03.25 | in %   | 31.03.24 | in %   | Var   | Var %  |
|------------------------|----------|--------|----------|--------|-------|--------|
| Europe                 | 160,3    | 78,9%  | 153,3    | 77,4%  | 7,0   | 4,6%   |
| Asia and Oceania       | 11,7     | 5,7%   | 11,3     | 5,7%   | 0,4   | 3,3%   |
| Americas               | 9,7      | 4,8%   | 13,4     | 6,7%   | (3,7) | -27,7% |
| Middle East and Africa | 21,6     | 10,6%  | 20,1     | 10,2%  | 1,4   | 7,1%   |
| Total ASL              | 203,2    | 100,0% | 198,1    | 100,0% | 5,1   | 2,6%   |

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#### **Q4 MARKETING**

**ROBE DI KAPPA | ROBE GIOVANI**

**ROBE DI KAPPA | FRIENDS OF MADRID**

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**BRIKO | XMASTERS INVERNALE**

**KAPPA X ACNE STUDIOS KAPPA | ACNE STUDIOS**

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#### **KAPPA | FIORENTINA X LUISAVIAROMA**

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**KAPPA X GENOA FC**

**KAPPA | GENOA CFC KAPPA | AUTHENTIC RELAUNCH**

#### **Q1 MARKETING**

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**KAPPA | GULF TRACKHOUSE**

**KAPPA | MOUNTAIN TOUR - COURCHEVEL**

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MUSEO DELLA PERMANENTE IN MILAN

RINASCENTE MILANO

K-WAY 19 LONDON STORE OPENING

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K-WAY X PALACE K-WAY DRESSES LA

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#### **Q1 MARKETING**

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Sebago X Max Mara **SEBAGO X DRAKE'S SEBAGO X ESSENTIEL ANTWERP**

**SEBAGO X MAX MARA**

GROUP INTERIM RESULTS 3m 2025

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#### **CONSOLIDATED REVENUES**

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**€ 12,4 mln**

**€ 12,7 mln**

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#### **NET FINANCIAL POSITION**

| in € .000                                         | 31.03.25 | in %    | 31.03.24  | in %   | Var     | Var%    |
|---------------------------------------------------|----------|---------|-----------|--------|---------|---------|
| Sub-total net money holdings                      | 97.016   | 1353,6% | (44.436)  | 31,1%  | 141.452 | -318,3% |
| Short-term portion of m/l term loans              | (9.054)  |         | (12.707)  |        | 3.653   | -28,7%  |
| Short-term net financial position                 | 87.962   | 1227,3% | (57.143)  | 40,0%  | 145.105 | 29,5%   |
| Long-term portion of m/l term loans               | (23.631) |         | (36.289)  |        | 12.658  | -34,9%  |
| Financial leasing payables                        | (280)    |         | (32)      |        | (249)   | 783,2%  |
| Sub-total loans and leasing payables              | (23.912) | -333,6% | (36.321)  | 25,4%  | 12.409  | -34,2%  |
| Net financial position with banks                 | 64.050   | 893,7%  | (93.464)  | 65,4%  | 157.514 | -168,5% |
| Right of use debts                                | (50.451) |         | (41.445)  |        | (9.007) | 21,7%   |
| Payables for future acquisition of company shares | (6.432)  |         | (8.081)   |        | 1.649   | -20,4%  |
| Net financial position                            | 7.167    | 100,0%  | (142.990) | 100,0% | 150.157 | -105,0% |

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#### **NET FINANCIAL POSITION WALK**

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#### **GLOSSARY** AND ALTERNATIVE PERFORMANCE MEASURES

| Commercial licensees or licensees           | independent business owners, granted licenses to distribute Group brand products in their respective regions                                                      |  |  |  |  |
|---------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|
| Productive licensees or sourcing centers    | third-party entities whose function is to manufacture goods branded with the Group brands for the exclusive sale<br>to Commercial licensees or to Group companies |  |  |  |  |
| Total Aggregated Sales (TAS)                | the sum of Aggregated Brand Sales (ASL) and Aggregated Sales of Sourcing Centers (ASSC)                                                                           |  |  |  |  |
| Aggregated Brand Sales (ASL)                | sales by commercial licensees –<br>that generate royalties for BasicNet Group –<br>and sales by the Group<br>companies                                            |  |  |  |  |
| Aggregated Sales of Sourcing Centers (ASSC) | sales by productive licensees –<br>that generate sourcing commissions for BasicNet Group                                                                          |  |  |  |  |
| Consolidated revenues                       | the sum of royalties, sourcing commissions, sales of products made by BasicNet Group companies and real<br>estate revenues                                        |  |  |  |  |
| EBITDA                                      | "operating result" before "amortisation and depreciation"                                                                                                         |  |  |  |  |
| Adjusted EBITDA                             | EBITDA pro-forma net of extraordinary costs pertaining to the sale of the 40% interest in K-Way S.p.A.                                                            |  |  |  |  |
| Net Financial Position                      | total of current and medium/long-term financial payables, less cash and cash equivalents and other current<br>financial assets                                    |  |  |  |  |
| Net Financial Position with banks           | Net Financial Position, excluding IFRS 16 and financial liabilities for the acquisition of businesses                                                             |  |  |  |  |

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**THANK YOU**