Davide Campari Milano N : Additional financial information at 31 March 2022 (disponibile solo in inglese)

CAMPARI GROUP

ADDITIONAL FINANCIAL INFORMATION

FOR THE THREE MONTHS ENDED 31 MARCH 2022

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Index

About this report .................................................................................................................................................... 5

Key financial highlights ........................................................................................................................................ 7

Corporate bodies ................................................................................................................................................... 9

Campari Group additional financial information for the three months ended 31 March 2022 .................... 11

Macro-economic scenario .................................................................................................................................. 11

Russian-Ukraine conflict .................................................................................................................................... 11

Brand portfolio and main brand-building initiatives ............................................................................................ 12

Significant events during and after the end of the period .................................................................................. 14

Commercial agreements ................................................................................................................................ 14

Corporate actions .......................................................................................................................................... 14

Group significant events ................................................................................................................................ 14

Group Financial Review ..................................................................................................................................... 15

Sales performance ......................................................................................................................................... 15

Statement of profit or loss .............................................................................................................................. 21

Net financial debt ........................................................................................................................................... 24

First quarter 2022 conclusion and outlook ......................................................................................................... 25

Definitions and reconciliation of the Alternative Performance Measures (APMs or non-GAAP measures) to

GAAP measures ................................................................................................................................................ 26

Index 3

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Relazione sulla 4

About this report

Note on presentation

The additional financial information for the three months ended 31 March 2022 has been prepared using the same recognition and measurement criteria used to prepare the Group's annual consolidated financial statements at 31 December 2021, 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, made in this additional financial information about the 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 derived from all the information available at the time of completion of this additional financial information. The consequences of the pandemic as well as the effects arising from the Russian invasion of Ukraine that occurred in

February 2022 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. Moreover, the Group does not assume any obligation to update any forward-looking statements made in this additional financial information beyond statutory disclosure requirements.

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 € to one decimal place, whereas the original data is recorded and consolidated by the Group in €. 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 €. The use of values expressed in millions of € 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 the 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 the applicable law.

This additional financial information is not prepared in the European Single Electronic Format (ESEF), which is required for the annual financial reports only. The obligation applies from 1 January 2021 for all natural and legal person with securities listed on a European stock exchange and it is required for annual IFRS consolidated financial statements.

- Relazione finanziaria al 31 dicembre 2019