Arnoldo Mondadori Editore S p A : Interim management statement at 31 March 2022

INTERIM MANAGEMENT STATEMENT

AT 31 MARCH 2022

ARNOLDO MONDADORI EDITORE S.p.A.

Share capital € 67,979,168.40

Registered Office in Milan

Administrative Offices in Segrate (Milan)

INTERIM MANAGEMENT STATEMENT AT 31 MARCH 2022

Arnoldo Mondadori Editore S.p.A.

CONTENTS

COMPOSITION OF CORPORATE BODIES	5
MONDADORI GROUP STRUCTURE	6

DIRECTORS' REPORT ON OPERATIONS

MONDADORI GROUP HIGHLIGHTS	8
CONSOLIDATED FINANCIAL HIGHLIGHTS OF FIRST QUARTER 2022	12
PERFORMANCE BY BUSINESS AREA	22
BALANCE SHEET	36
PERSONNEL	40
SIGNIFICANT EVENTS DURING THE FIRST THREE MONTHS OF 2022	42
SIGNIFICANT EVENTS AFTER THE FIRST THREE MONTHS OF 2022	42
OTHER INFORMATION	44
GLOSSARY OF TERMS AND ALTERNATIVE PERFORMANCE MEASURES USED	45
BUSINESS OUTLOOK	48

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AT 31 MARCH 2022

CONSOLIDATED BALANCE SHEET	51
CONSOLIDATED INCOME STATEMENT	53
CONSOLIDATED COMPREHENSIVE INCOME STATEMENT	54

COMPOSITION OF CORPORATE BODIES

Board of Directors*

Chairman

Marina Berlusconi

CEO

Antonio Porro

Directors

Pier Silvio Berlusconi

Elena Biffi**

Valentina Casella**

Francesco Currò

Alessandro Franzosi

Paola Elisabetta Galbiati**

Danilo Pellegrino

Alceo Rapagna**

Angelo Renoldi**

Cristina Rossello

Board of Statutory Auditors*

Chair

Sara Fornasiero

Standing Auditors

Flavia Daunia Minutillo

Ezio Maria Simonelli

Substitute Auditors

Mario Civetta

Annalisa Firmani

Emilio Gatto

• The Board of Directors and the Board of Statutory Auditors currently in office were appointed by the Shareholders' Meeting of 27 April 2021
• Independent Director

5

DIRECTORS' REPORT ON OPERATIONS AT 31 MARCH 2022