{ "docId": "019de074-b900-732a-bae7-2231aaa65ea1", "docSlug": "1e707a67e528d2bf99caaaf001f536d5", "documentTitle": "Lanvin | Results Presentation Deck | 54 slides", "authorId": "lanvin", "authorName": "Lanvin Group", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-04-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 54, "pageCount": 54, "prevPage": 53, "nextPage": null, "slideType": "appendix_disclosure", "function": "other", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de074-b900-732a-bae7-2231aaa65ea1/54", "deckHref": "/decks/019de074-b900-732a-bae7-2231aaa65ea1", "deckJsonHref": "/decks/019de074-b900-732a-bae7-2231aaa65ea1.json", "deckAnchorHref": "/decks/019de074-b900-732a-bae7-2231aaa65ea1#slide-54", "components": [ { "bbox": { "h": 0.03, "w": 0.9, "x": 0.05, "y": 0.82 }, "kind": "list", "text": "Trade working capital is defined as the sum of inventories as well as trade receivables less trade payables.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "50062686-7798-45f4-922c-58f3d91cb164", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.9, "x": 0.05, "y": 0.6 }, "kind": "list", "text": "Contribution margin is defined as contribution profit divided by revenues.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5f13d6f7-41e4-4561-95c9-bcd564449e0c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.9, "x": 0.05, "y": 0.73 }, "kind": "list", "text": "Adjusted EBITDA is defined as profit or loss before income taxes, net finance cost, exchange gains/(losses), depreciation, amortization, share based compensation and provisions and impairment losses adjusted for income and costs which are significant in nature and that management considers not reflective of underlying operational activities, mainly including net gains on disposal of long-term assets, negative goodwill from acquisition of Sergio Rossi, gain on debt restructuring and government grants.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6c98ccc5-f965-418f-b8b6-39e5b1162b68", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.9, "x": 0.05, "y": 0.39 }, "kind": "list", "text": "Contribution profit is defined as revenues less the cost of sales and selling and marketing expenses. Contribution profit subtracts the main variable expenses of selling and marketing expenses from gross profit, and our management believes this measure is an important indicator of profitability at the marginal level. Below contribution profit, the main expenses are general administrative expenses and other operating expenses (which include foreign exchange gains or losses and impairment losses). As we continue to improve the management of our portfolio brands, we believe we can achieve greater economy of scale across the different brands by maintaining the fixed expenses at a lower level as a proportion of revenue. We therefore use contribution profit margin as a key indicator of profitability at the group level as well as the portfolio brand level.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bd908944-08eb-4a2d-bf14-b42a8e8fc1d0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.9, "x": 0.05, "y": 0.64 }, "kind": "list", "text": "Adjusted EBIT is defined as profit or loss before income taxes, net finance cost, share based compensation, adjusted for income and costs which are significant in nature and that management considers not reflective of underlying operational activities, mainly including net gains on disposal of long-term assets, negative goodwill from acquisition of Sergio Rossi, gain on debt restructuring and government grants.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f269f0e6-6819-48fd-b4de-9bac420466d4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.9, "x": 0.05, "y": 0.18 }, "kind": "paragraph", "text": "Our management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: contribution profit, contribution margin, Adjusted EBIT and Adjusted EBITDA. Our management believes that these non-IFRS financial measures provide useful and relevant information regarding our performance and improve their ability to assess financial performance and financial position. They also provide comparable measures that facilitate management's ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions. While similar measures are widely used in the industry in which we operate, the financial measures that we use may not be comparable to other similarly named measures used by other companies nor are they intended to be substitutes for measures of financial performance or financial position as prepared in accordance with IFRS.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a58bbc29-1a0f-447a-8552-216b5750e1e7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.9, "x": 0.05, "y": 0.05 }, "kind": "title", "text": "NON-IFRS FINANCIAL MEASURES AND DEFINITION", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e0d7f416-69d8-4b2a-a59d-5a29d9fa99e8", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "List presentation", "slug": "list-presentation", "agent": null, "layer": "slide", "matchId": "1619f02e-f4b7-46c8-8abd-4efc3559e26b", "evidence": "list/bullet: Contribution profit is defined as revenues less the cost of sales and selling and marketing expenses.", "confidence": 0.7 } ], "frameworks": [], "arcBeats": [ { "to": 54, "from": 31, "beatId": "d5c5bef0-74b1-4a1a-9150-8c0728eae609", "arcName": "Rags to Riches", "arcSlug": "rags-to-riches", "beatName": "Ultimate Achievement", "beatSlug": "rags-to-riches-ultimate-achievement", "evidence": "Conclusion and future outlook", "position": 4, "confidence": 0.7, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }