Additional financial information at 30 September 2021

DAVIDE CAMPARI-MILANO N.V. ADDITIONAL FINANCIAL INFORMATION AT 30 SEPTEMBER 2021

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Campari Group-Annual report at 31 December 2019

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Campari Group-additional financial information at 30 September 2021

Index
About this report....................................................................................................................................................	5
Key highlights ........................................................................................................................................................	7
Corporate bodies ...................................................................................................................................................	9
Campari Group additional financial information for the first nine months ending 30 September 2021 ....	11
Updates on the coronavirus, Covid-19outbreak .........................................................................................	11
Main brand-buildingactivities ........................................................................................................................	12
Significant events during and after the end of the period...........................................................................	15
Acquisitions and commercial agreements .....................................................................................................	15
Corporate actions ..........................................................................................................................................	15
Group significant events ................................................................................................................................	16
Group Financial Review ..................................................................................................................................	18
Sales performance.........................................................................................................................................	18
Statement of profit or loss..............................................................................................................................	27
Net financial debt ...........................................................................................................................................	32
2021 first nine months conclusion and outlook ...........................................................................................	33
Definitions and reconciliation of the Alternative Performance Measures (APMs or non-GAAP measures)
to GAAP measures ..........................................................................................................................................	34

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Relazione sulla Giestione 4

Campari Group Additional financial information at 30 September 2021

About this report

Note on presentation

The additional financial information for the nine months ending 30 September 2021 has been prepared using the same recognition and measurement criteria used to prepare the Group's annual consolidated financial statements at 31 December 2020, to which reference is made. This document has not been audited. The additional financial information provides a description of the significant events that occurred during and after the end of the period, the Group's sales performance, broken down by region and by brand, the Group's profit before taxation and its consolidated net financial debt.

Forward-looking statements

Campari Group's additional financial information contains forward-looking statements that reflect management's current view of the Group's future development. All statements other than statements of historical fact set forth in this additional financial information regarding Campari Group business strategy, such as future operations and businesses, management's plans and objectives, are forward looking statements. In some cases, words such as 'may', 'will', 'expect', 'could', 'should', 'intend', 'estimate', 'anticipate', 'believe', 'outlook', 'continue', 'remain', 'on track', 'design', 'target', 'objective', 'goal', 'plan' and similar expressions are used to identify forward-looking statements that contain risks and uncertainties that are beyond the control of the Group and call for significant judgement. Should the underlying assumptions turn out to be incorrect or if the risks or opportunities described materialise, the actual results and developments may materially deviate (negatively or positively) from those expressed by such statements. The outlook is based on estimates that Campari Group has made on the basis of all the information available at the time of completion of this additional financial information.

The actual impact of Covid-19 and its associated operating environment may be materially different from management's expectations.

Campari Group does not assume any obligations or liability in respect of any inaccuracies in the forward-looking statements made in this additional financial information or for any use by any third party of such forward-looking statements.

Information on the figures presented

All references in this additional financial information are expressed in 'Euro' or '€'.

For ease of reference, all the figures in this additional financial information are expressed in millions of Euro to one decimal place, whereas the original data is recorded and consolidated by the Group in Euro. Similarly, all percentages relating to changes between two periods or to percentages of net sales or other indicators are always calculated using the original data in Euro. The use of values expressed in millions of Euro may therefore result in apparent discrepancies in both absolute values and data expressed as a percentage.

For information on the definition of the alternative performance measures used, see paragraph 'Definitions and reconciliation of the Alternative Performance Measures (APMs or non-GAAP measures) to GAAP measures' in the dedicated paragraph of this additional financial information.

The language of this additional financial information is English. Certain legislative references and technical terms have been cited in their original language so that the correct technical meaning may be ascribed to them under applicable law.

- Relazione finanziaria annuale al 31 dicembre 2019

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