slide1 l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Ferrara, June 15-16, 2007 PowerPoint Presentation
Download Presentation
Ferrara, June 15-16, 2007

Loading in 2 Seconds...

play fullscreen
1 / 17

Ferrara, June 15-16, 2007 - PowerPoint PPT Presentation


  • 126 Views
  • Uploaded on

13th World Continuous Auditing & Reporting Symposium. University of Ferrara. Ferrara, June 15-16, 2007. Giuseppe Gullo Group CFO. INDEX. 001. Who we are. 002. The CFO role in MBFG . . . p.1. 001. Who we are. p.2. 001. BRANDS.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Ferrara, June 15-16, 2007' - keola


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

13th World Continuous Auditing & Reporting Symposium

University of Ferrara

Ferrara, June 15-16, 2007

Giuseppe Gullo

Group CFO

slide2

INDEX

001.

Who we are

002.

The CFO role in MBFG

.

.

p.1

slide4

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

BAGS

SHOUSE

PRINCIPAL OWNED BRANDS

NEW

ACQUISITIONS: FACCO, ROSATO, CALGARO, VALENTE

SHOPS

47

15

18

15

45

44

6

Mugler, Fuchsia (Ungaro),

Anglomania (Vivienne Westwood),

1000 Miglia,

Alviero Martini,

Patrizia Pepe

Vivienne Westwood,

Warner Bros,

Miss Sixty

Missoni, Luigi Borrelli

LICENCE

p.3

slide5

001.

DISTRIBUTION NETWORK

THE RETAIL NETWORK AT DECEMBER 31, 2006 CONSISTED OF 311 MONO AND MULTI-BRAND BOUTIQUES (169 DOS+142 FRANCHISEES)

EUROPE (14)

RUSSIA+BALTIC 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.4

p.7

FEBRUARY 2007

slide6

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

slide7

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

slide9

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

slide10

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

slide11

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

slide12

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

p.11

continuous auditing and information tools

002.

THE CFO ROLE IN MBFG

CONTINUOUS AUDITING AND INFORMATION TOOLS
  • 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”

p.12

slide14

002.

THE INTANGIBLE ASSETS IN THE BALANCE SHEET:the 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

Bookvalue

“Accounting” financial statement

p.13

slide15

002.

SOME KEY PERFORMANCE INDICATORS

p.14

slide16

002.

STRATEGY AND VALUE CREATION IN MBFG

MBFG 2-Y Stock Performance

p.15