Davide Campari Milano N : Additional financial information at 31 March 2023

Campari Group-Annual report at 31 December 2019

CAMPARI GROUP

ADDITIONAL FINANCIAL INFORMATION

FOR THE THREE MONTHS ENDED 31 MARCH 2023

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Campari Group-Annual report at 31 December 2019

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Campari Group-Additional financial information for the three months ended 31 March 2023

Index
About this report	5
Key financial highlights	7
Corporate bodies	8
Campari Group additional financial information for the three months ended 31 March 2023	9
Campari Group and the global environment	9
Main brand-building initiatives	9
Significant events during and after the end of the period	11
Acquisitions and commercial agreements	11
Corporate actions	11
Group significant events	12
Group Financial Review	13
Sales performance	13
Statement of profit or loss	19
Net financial debt	22
First quarter 2023 conclusion and outlook	23
Definitions and reconciliation of the Alternative Performance Measures (APMs or non-GAAP measures) to
GAAP measures	24

Index 3

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Relazione sulla Giestione 4

Campari Group Additional financial information for the three months ended 31 March 2023

About this report

Note on presentation

The additional financial information for the three months ended 31 March 2023 was prepared using the same recognition and measurement criteria used to prepare the Group's annual consolidated financial statements at 31 December 2022, 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, the Group's profit before taxation , its consolidated net financial debt and outlook.

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 effects arising from the intensification of the inflationary pressure mainly on input costs and the still persistent complicated and uncertain macro-economic environment, may lead to results 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. Campari 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 € (€).

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 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.

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

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