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ER - BasicNet S.p.A. - slide di presentazione conference call 31 luglio 2025 - dati Semestrale 30-06-2025/slide Conference call July 31, 2025 - 2025 1H

Company: Basic Net SpA Date: 2025-07-31 Language: English Register to download
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### 6m2025 RESULTS CONFERENCE CALL

TURIN,318T JULY 2025

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**EXECUTIVE SUMMARY NETWORK ACTIVITY** 

6m 2025

**GROUP INTERIM RESULTS** 6m 2025

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**EXECUTIVE SUMMARY**

01 **EXECUTIVE SUMMARY**

**Total aggregated sales increase vs Y-1 confirming the strong core of the Group and its Brands, amid a complicated Q2 for the whole industry. Consolidated revenues in line with H1 2024 with positive backlog orders entering FW. NFP with banks improved by € 117,1 mln vs YE.**

### **TOTAL AGGREGATED SALES**

6m aggregated sales amounted to € 567,1 mln (+4,3% YoY) with mixed performances across the Brands. Aggregated sales of sourcing centers (ASSC) were up by +13,7% compared to H1 2024, providing a promising outlook on next-future ASL.

### **GROUP CONSOLIDATED REVENUES**

Group consolidated revenues amounted to € 172,6 mln (- 0,7% 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 € 15,1 mln (€ 17,6 mln in 2024) after the adjustment of extraordinary items (€ 2,3 mln) and € 18,3 mln in costs related to the K-Way transaction, as H1 24 benefitted from a non-recurring termination fee from a licensee (€ 3,4 mln) and the Group kept investing in communication, retail development and human resources.

### **NFP WITH BANKS**

Net Financial Position with banks at + € 26,3 mln (compared to - € 93,1 mln at 6m 2024 and - € 90,8 at YE24) with the cash injection coming from K-Way transaction. The Group re-acquired the operations of a French licensee (€ 2,2 mln), purchased own shares (€ 7,9 mln) and distributed dividends to shareholders (€ 7,4 mln).

### **TOTAL AGGREGATED SALES (TAS) € 567,1 mln € 172,6 mln**

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### **CONSOLIDATED REVENUES**

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### **EBITDA \* € 15,1 mln**

### **NFP WITH BANKS + € 26,3 mln**

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NETWORK ACTIVITY 6m 2025

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### ASL - GEOGRAPHIC AREA

| in € million           | 30.06.25 | in %   | 30.06.24 | in %   | Var   | Var %  |
|------------------------|----------|--------|----------|--------|-------|--------|
| Europe                 | 313,1    | 79,7%  | 297,7    | 76,3%  | 15,4  | 5,2%   |
| Asia and Oceania       | 21,4     | 5,5%   | 22,2     | 5,7%   | (0,8) | -3,6%  |
| Americas               | 19,6     | 5,0%   | 29,4     | 7,5%   | (9,8) | -33,3% |
| Middle East and Africa | 38,6     | 9,8%   | 41,0     | 10,5%  | (2,4) | -5,8%  |
| Total ASL              | 392,7    | 100,0% | 390,3    | 100,0% | 2,4   | 0,6%   |

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**NETWORK ACTIVITY** 02 6m 2025

### **H1 MARKETING**

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**GENOA HOME**

**FIORENTINA HOME**

**AUTHENTIC**

**WSW - RED STAR**

**KAPPA X FIORENTINA X LUISAVIAROMA RIMINI WELLNESS**

**KAPPA MOUNTAIN TOUR**

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#### H1 MARKETING

AR

BRIKO

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LA POLO – RICAMO INSTORE

Q d W

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**60TH ANNIVERSARY – IN Y/OUR LIFE EXHIBITION**

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**NEW STORE OPENINGS** 

**NEW LE VRAI 4.0 WITH BRAND-NEW ADV CAMPAIGN**

**FLAGSHIP RE-OPENING - MILAN – LONDON & ANTWERP**

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### **H1 MARKETING**

**SEBAGO AT PITTI FLORENCE SEBAGO X OPERA SEBAGO TODD SNYDER**

**PARIS STORE OPENING**

**SEBAGO X MADRAS**

GROUP INTERIM RESULTS 6m 2025

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### **CONSOLIDATED REVENUES**

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**€ 17,6 mln € 15,1 mln**

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### **NET FINANCIAL POSITION**

| in € .000                                         | 30.06.25 | in %    | 30.06.24  | in %   | Var     | Var%    |
|---------------------------------------------------|----------|---------|-----------|--------|---------|---------|
| Sub-total net money holdings                      | 34.095   | -104,6% | (47.437)  | 32,8%  | 81.532  | -171,9% |
| Short-term portion of m/l term loans              | (5.792)  |         | (11.844)  |        | 6.053   | -51,1%  |
| Short-term net financial position                 | 28.303   | -86,9%  | (59.281)  | 40,9%  | 87.584  | 29,5%   |
| Long-term portion of m/l term loans               | (1.753)  |         | (33.471)  |        | 31.718  | -94,8%  |
| Financial leasing payables                        | (242)    |         | (369)     |        | 126     | -34,2%  |
| Sub-total loans and leasing payables              | (1.995)  | 6,1%    | (33.839)  | 23,4%  | 31.844  | -94,1%  |
| Net financial position with banks                 | 26.308   | -80,7%  | (93.121)  | 64,3%  | 119.428 | -128,3% |
| Right of use debts                                | (52.462) |         | (43.633)  |        | (8.828) | 20,2%   |
| Payables for future acquisition of company shares | (6.432)  |         | (8.081)   |        | 1.649   | -20,4%  |
| Net financial position                            | (32.586) | 100,0%  | (144.835) | 100,0% | 112.249 | -77,5%  |

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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<br>non-recurring items and<br>costs pertaining to the sale of the 40% interest<br>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**