Italian Design Brands S p A : Presentazione Informazioni finanziarie periodiche al 31 marzo 2023

INTERIM FINANCIAL INFORMATION

AS OF MARCH 31, 2023

May 23, 2023

18.00 - 19.00 (CET)

Disclaimer

This presentation (the "Presentation") has been prepared by Italian Design Brands S.p.A. (the "Company" and together with its subsidiaries, the "IDB Group") for information purposes only.

The Presentation does not, and is not intended to, constitute or form part of, and should not be construed as, an offer to sell, a solicitation to buy, an invitation or a solicitation of an offer, to buy, sell or subscribe for or otherwise acquire, any securities of any kind in any jurisdiction where such an offer, solicitation or sale should require registration, qualification, notice, disclosure or application in the United States or in any other jurisdiction, nor shall it or any part of it form the basis of or be relied upon in connection with or act as any inducement or recommendation to enter into any contract or commitment or investment decision whatsoever.

The information set forth herein is qualified in its entirety by the information set out in the Company's financial statements as of and for three months ended March 31, 2023. The Presentation has not been independently verified and contains summary information only and does not purport to be comprehensive and is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. No representation or warranty (express or implied) is made or will be made as to, and no reliance should be placed on, the accuracy, completeness, quality, relevance, sufficiency or fairness for any purpose whatsoever of any of the information contained in this presentation, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein relating to, or resulting from, the Presentation, its inaccuracy or incompleteness, or the use of, or reliance upon, the Presentation.

Some of the information in the Presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions and that actual events or results may differ materially. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Italy, rapid technological and market change in the industries the Company operates in, as well as many other risks specifically related to the Company and its operations.

The income statement, balance sheet and financial position information contained in the Presentation was prepared in accordance with the International Financial Reporting Standards ("IFRS") issued by the International Accounting Standards Board ("IASB") and endorsed by the European Union. The Company's financial statements as of and for three months ended March 31, 2023 are unaudited.

The Presentation also contains alternative performance indicators that are not recognized by IFRS. Different companies and analysts may calculate these non IFRS measures differently, so making comparisons among companies on this basis should be done very carefully. These non IFRS measures have limitations as analytical tools, are not measures of performance or financial condition under IFRS and should not be considered in isolation or construed as substitutes for operating profit or net profit as an indicator of our operations in accordance with IFRS. Such alternative performance measures are unaudited.

The unaudited proforma financial information contained in the Presentation have been prepared by management of the Company. The unaudited proforma is for information purposes only and does not purport to represent or to be indicative of the consolidated financial position of consolidated results of operations of the IDB Group and is not, and should not be taken as, representative of the IDB Group's future consolidated financial position or results of operations, nor does it purport to project the IDB Group's financial position as to any future date or results of operations for any future period and should be not used for such purpose. The unaudited proforma financial information is based on a number of assumptions that are subject to inherent uncertainties subject to change. In addition, although we believe the unaudited proforma financial information to be reasonable, our actual results may vary and such variations could be material. As such, you should not place undue reliance on such unaudited financial information and it should not be regarded as an indication that it will be an accurate prediction of future events.

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Presenters today

Andrea Sasso

Chief Executive Officer

Giorgio Gobbi

Managing Director

Alberto Bortolin

Chief Financial Officer

Marella Moretti

Corporate Development

& IR Manager

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Financial Results Q1 2023: strong traction following the outstanding FY2022

Revenue(1)

€ 62,9 mln

+80,6% vs. Q1 2022

(+40,5% organic(2))

@ current exchange rates

Proforma Adj. EBITDA(4)

€ 11,0 mln

+175,4% vs. Q1 2022

Margin 16,7%

+5,2 p.p. vs. Q1 2022

NFP(6)

€ 168,1 mln

(o/w Net Bank Debt equal to € 33,9 mln)

Proforma Revenue(3)

€ 65,9 mln

+89,1% vs. Q1 2022

@ current exchange rates

Proforma Adj. Net Income(5)

€ 5,4 mln

+187,3% vs. Q1 2022

Margin 8,1%

+2,7 p.p. vs. Q1 2022

Cash Conversion(7)

88,8%

(1) Data prepared under IAS/IFRS Gaap. (2) Calculated on the 31.03.2022 perimeter - without Flexalighting NA, Gamma and Cubo Design contribution. (3) Data prepared under IAS/IFRS Gaap including 3 months of Cubo Design, despite exact
acquisition date (January 31, 2023). (4) Adjusted EBITDA computed as Reported EBITDA (fully compliant with the application of IFRS 16) + non-recurring costs + M&A transaction costs + IPO costs. (5) Net Income Adjusted for EBITDA	4
Adjustments, change in estimate of put&call options and earnouts on Balance Sheet, amortization of PPA and effect from fiscal realignments. (6) Including Net Bank Debt for € 33,9 mln, liabilities linked to put&call options and earnouts for

€ 102,9 mln and lease liabilities for € 31,3 mln. (7) Calculated as (Adjusted EBITDA - Operating CAPEX)/Adjusted EBITDA.

IDB brands keep investing in multiple marketing initiatives…

After 2 years of stop due to covid, Gervasoni, Meridiani and Saba participated in the 2023 edition of Maison&Objet in Paris

M&O 2023

Numbers(1)

67.429 Buyers

56% French visitors

144 Countries represented

The colours of the Gervasoni's stand, designed by Concetta Giannangeli, were inspired by the works of artist and designer Germans Ermics: as in the company's corporate communication, blue represents the indoor collection, while orange the outdoor range.

Meridiani presented a home with fluid and sophisticated spaces, with references to the tones of nature, where comfort is the real protagonist of indoor and outdoor. Design and art direction by Andrea Parisio.

Saba's design, realized in collaboration with the Quincoces-Dragò & Partners Studio, bets on soft and powder-coloured elements, which have always been a founding element of Saba's DNA, with a special focus on eco-sustainable fabrics.

2/3 retailers 1/3 specifiers

(1) Official Maison&Object data for 2023 trade edition, source: https://www.maison-objet.com/en/paris/exhibit

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