Presentazione di PowerPoint

1
13th World Continuous Auditing Reporting
Symposium
University of Ferrara
Ferrara, June 15-16, 2007
Giuseppe Gullo Group CFO
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INDEX
001.
Who we are
002.
The CFO role in MBFG
.
.
p.1
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001. Who we are
p.2
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001.
BRANDS
MBFG MANAGES A PRESTIGIOUS PORTFOLIO OF OWNED AND
LICENCED BRANDS WITH THE AIM TO BECOME A LEADER
IN ITS MARKETS
FASHION JEWELLERY
LEATHER GOODS
APPAREL
ABBIGLIAMENTO
SHOUSE
BAGS
PRINCIPAL OWNED BRANDS
NEW ACQUISITIONS FACCO, ROSATO, CALGARO, VALENTE
SHOPS
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18
15
44
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Mugler, Fuchsia (Ungaro), Anglomania (Vivienne
Westwood), 1000 Miglia, Alviero Martini,
Patrizia Pepe
Vivienne Westwood, Warner Bros, Miss
Sixty Missoni, Luigi Borrelli
LICENCE
p.3
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001.
DISTRIBUTION NETWORK
THE RETAIL NETWORK AT DECEMBER 31, 2006 CONSISTED
OF 311 MONO AND MULTI-BRAND BOUTIQUES (169
DOS142 FRANCHISEES)
EUROPE (14)
RUSSIABALTIC COUNTRIES (32)
(4) Mariella Burani (5) Coccinelle (2) Rene
Lezard (1) Braccialini (2) Francesco Biasia
(27) Baldinini (1) Mariella Burani (3)
Coccinelle (1) Braccialini
GERMANY, AUSTRIA, SWITZERLAND (75)
JAPAN (10)
(38) Don Gil (16) Bernies (15) Rene Lezard (2)
Mila Schon (2) Revedi (1) Baldinini (1)
Coccinelle
(6) Mila Schön (3) Mariella Burani (1) Coccinelle
FAR EAST (18)
ITALY (126)

• (5) Mariella Burani
• (4) Braccialini
• (2) Baldinini
• (4) Francesco Biasia
• (2) Coccinelle
• Mila Schön

(30) Mariella Burani (27) Coccinelle (20)
Revedi (15) Baldinini (11) Mila Schön (9)
Braccialini (7) Francesco Biasia (6) Antichi
Pellettieri (1) Junior fashion
MIDDLE EAST REST OF THE WORLD (19)
EASTERN EUROPE (17)
(5) Coccinelle (3) Mariella Burani(1) (3)
Baldinini (2) Francesco Biasia (3)
Braccialini (3) Antichi Pellettieri
(12) Baldinini (3) Francesco Biasia (1) Mariella
Burani (1) Coccinelle
p.7
p.4
FEBRUARY 2007
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001.
DINAMIC GROWTH
FROM 2000, THE AVARAGE GROWTH RATE OF THE
REVENUES WAS 27,4, WITH A MORE THAN PROPORTIONAL
GROWTH OF THE EBITDA (46,6), AND OF THE EBIT
(60,2)
p.5
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WHO WE ARE AT ALL

• 40 consolidated companies
• 2.480 employees
• A worldwide presence
• A sub-holding, Antichi Pellettieri, listed on
  Italian Stock Exchange market EXPANDI segment
  with a capitalization of about euro 480 mln.
• A stock capitalization of about euro 780 mln. at
  STAR segment
• (a growth of the share price from 2006 of
  about 70 and from IPO of about 250)
• Italian and international shareholders (with the
  presence of 2 important Private Equity funds)
• LCapital (LVMH) and Tamburi Partners important
  shareholders with 6,5 of equity stake of MBFG
• 20 financial analysts cover the stock

p.6
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002. The CFO role in MBFG
p.7
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002.
THE CFO ROLE IN MBFG

• CFO as a transition manager
• CFO as a Business Integrator
• CFO as a Process Administrator inside and
  outside of the Group

p.8
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002.
THE CFO ROLE IN MBFG
CFO as a transition manager

• Globalization implies daily changes
• Basilea 2 (a rating for each company)
• IAS/IFRS
• Information Systems / Business Intelligence
• Speed to manage transition as a competitive
  advantage

p.9
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002.
THE CFO ROLE IN MBFG
CFO AS a Business Integrator

• Growth plan through acquisitions (with minorities
  as an important asset for the Group)
• Management of minorities with integrated criteria
  
• Developement of synergies among acquired
  companies for an accelerated growth (focus on
  made in Italy sector)
• Diffusion of an integrated Group culture and
  philosophy (Thinking Group concept)

p.10
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002.
THE CFO ROLE IN MBFG
CFO AS a Process Administrator

• Process codification of accounting methodology
  (Consolidation manual)
• Developement of an Organization chart and a
  Responsability tree for companies decision
  makers
• Information systems developement to better
  manage information flows inside and outside of
  the Group

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CONTINUOUS AUDITING AND INFORMATION TOOLS
002.
THE CFO ROLE IN MBFG

• Introduction of new information and comunication
  tools like Business Intelligence Systems
• Continuous monitoring on monthly basis on a
  single legal entity level of data and
  performances
• Performance measurement and creation of a
  Performance Manager role to monitor Intangible
  Asset Value

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002.
THE INTANGIBLE ASSETS IN THE BALANCE SHEETthe
performance focus
From accounting figures to value
Employees
Intangibles Value left to third parties
Sustenability financial statement
Client base
Real value
Community
GOODWILL
Equity (Goodwill specific intangibles)
Others
Specific intangibles
Specific intangibles
Specific intangibles
Market Value financial statement
Book value
Book value
Accounting financial statement
p.13
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002.
SOME KEY PERFORMANCE INDICATORS
p.14
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002.
STRATEGY AND VALUE CREATION IN MBFG
MBFG 2-Y Stock Performance
p.15
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