Aeffe S p A : Q1 23 Consolidated Results Presentation

AEFFE GROUP

Q1 Consolidated

Results Presentation

10th May 2023

SHARE INFORMATION AND DISCLAIMER

This presentation is being furnished to you solely for your information on a confidential basis and may not be reproduced or redistributed to any other person.

This presentation does not constitute or form part of any offer to sell or invitation to purchase or subscribe for, or otherwise acquire or dispose of any Aeffe S.p.A. securities.

This presentation includes forward-looking statements which are based on the Company's management's current views with respect to future events and financial and operational performance of the Company and its subsidiaries. These forward-looking statements are subject to risks and uncertainties. In light of these risks and uncertainties, the events described in such forward-looking statements may not occur and any targets or projections may differ materially from those expressed in or implied by these statements due to any number of different factors.

You are cautioned not to place undue reliance on the forward-looking statements contained herein, which are made only as of the dater of this presentation. Aeffe S.p.A. does not undertake any obligation to publicly release any updates or revisions to any forward-looking statements to reflect events or circumstances after the date of this presentation.

Any reference to past performance or trends or activities of Aeffe Group shall not be taken as a representation or indication that such performance, trends or activities will continue in the future.

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BRAND PERSONALITY

FEMININE	IRONIC	CONTEMPORARY	INNOVATIVE
ELEGANT	GLAMOROUS	GLAMOUR	HIGH QUALITY

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Q1 2023 FIINANCIAL HIGHLIGHTS

CONSOLIDATED REVENUES

CONSOLIDATED ADJUSTED EBIT

NET FINANCIAL DEBT

€ 93.2 mln

-8.2%

(current ex. rate)

-8.4%

(ex forex)

• 4 mln

(4.3% of sales)

• 245.8 mln
• 142.4 mln

ex. IFRS16

€ 101.6 mln

Q1 2022

€ 14.2 mln

(14.0% of sales)

€ 172.2 mln

Q1 2022

€ 100 mln

ex. IFRS16

CONSOLIDATED	€ 20.4mln
€ 12.3 mln
ADJUSTED	Q1 2022
EBITDA	(13.2% of sales)
(20.1% of sales)

GROUP NET	€ (0.3) mln	€ 8.9 mln
RESULT

Aeffe Group, in the last two years, has made two strategic investments of an extraordinary nature for a total amount of EUR 90 million relating to the purchase of the minority shareholding of 30% of Moschino S.p.A. and the change of distribution in China on Moschino brand.

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HIGHLIGHTS	NET SALES		BY BUSINESS
FINANCIALQ1	BREAKDOWN
		FOOTWEAR &
		* (8.4)%	LEATHER GOODS
		44%		WHOLESALE
				PRET À PORTER 56%
	102			72%
		93
				BY BRAND
					Europe; 29%
				POLLINI 11%
			MOSCHINO 74%	OTHERS 1%
				ALBERTA FERRETTI 8%
				PHILOSOPHY 6%
	2022	2023

Euro millions

*At constant exchange rates

BY CHANNEL

RETAIL 26%

ROYALTIES 2%

BY REGION

Usa; 6%

Asia & RoW;

19%

Italy; 46%

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