Fope (FPE) Investor Presentation summary

Business model and operations

• In-house designed collections sold exclusively under a single brand with a recognizable image.

• Distribution through high-end jewelry shops and direct boutiques in Venice, London, Tokyo, and Kuala Lumpur.

• Maintains direct relationships with jewelers, avoiding distributors.

• Significant international market presence and focus on product and process innovation.

Distribution network and market coverage

• Network includes about 600 retailers and over 700 points of sale globally.

• Key markets: UK (110), Germany (140), America (150), Italy (130), other regions (140), and emerging markets (50).

• Direct boutiques located in Venice, London, Tokyo, and Kuala Lumpur.

• International subsidiaries and branches ensure full market coverage in key regions.

Financial performance highlights

• Net revenue for H1 2024 was €29.64M, down 14.5% from H1 2023.

• EBITDA margin dropped to 12.5% in H1 2024 from 26.2% in H1 2023.

• Net income for H1 2024 was €1.59M, a 71.5% decrease year-over-year.

• Net debt increased to €4.3M as of June 2024.

• As of September 2024, turnover reached €69.4M, up 17.2% from the previous year.