F I L A Fabbrica Italiana Lapis ed Affini S p A : FILA Group Investor Day - May 31, 2023

Investor Day

May 30-31, 2023

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DISCLAIMER

This document has been prepared by F.I.L.A. S.p.A. ("F.I.L.A." or the "Company"), for information purposes only, exclusively with the aim of assisting you to understand and assess F.I.L.A.'s activities. Statements contained in this presentation, particularly regarding any possible or assumed future performance of the F.I.L.A. Group, are or may be forward-looking statements based on F.I.L.A.'s current expectations and projections about future events. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some cases beyond F.I.L.A.'s control. These risks, uncertainties and factors may cause F.I.L.A.'s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements (and from past results, performances or achievements). Forward-looking statements are not guarantees of future performance. Consequently, F.I.L.A. and its management can give no assurance regarding the future accuracy of the estimates of future performance set forth in this document or the actual occurrence of the expected developments. The data and information contained in this document are subject to changes and integrations. Although F.I.L.A. reserves the right to make such changes and integrations when it deems necessary or appropriate, F.I.L.A. assumes no affirmative obligation to update, change or integrate this document, except as and to the extent required by law. Any reference to the past performance of the F.I.L.A. Group shall not be taken as an indication of future performance. In addition, this presentation includes certain ''Adjusted'' financial and operating indicators and non-IFRS measures, which have been adjusted to reflect extraordinary events, non-recurring and/or non-monetary transactions and/or activities that are not directly related to the Group's ordinary business.

These measures are not indicative of our historical operating results, nor are they meant to be predictive of future results. These measures are used by F.I.L.A.'s management to monitor the underlying performance of the business and the

operations. Since not all companies calculate these measures in an identical manner, F.I.L.A.'s presentation may not be consistent with similar measures used by other companies. Such "Adjusted" information has been included to facilitate the comparison of financial information among different financial periods; however, it should be noted that such information is not recognized as a measure of financial performance or liquidity under IFRS and/or does not constitute an indication of the historical performance of the Company or the Group. Therefore, investors should not place undue reliance on such data and information. The information contained in this document does not constitute or form any part of, and should not be construed as, any offer, invitation or recommendation to purchase, sell or subscribe for any securities in any jurisdiction and neither the issue of the information nor anything contained herein shall form the basis of or be relied upon in connection with, or act as any inducement to enter into, any investment activity. This document does not purport to contain all of the information that may be required to evaluate any investment in the Company or any of its securities and should not be relied upon to form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This presentation is intended to present background information on F.I.L.A., its business and the industry in which it operates and is not intended to provide complete disclosure upon which an investment decision could be made. The merit and suitability of investment in F.I.L.A. should be independently evaluated and determined by investors. Analyses in this presentation are not, and do not purport to be, appraisals of the assets, stock or business of F.I.L.A., and do not form any publicity material relating to the securities. Any person considering an investment in F.I.L.A. is advised to obtain independent advice as to the legal, tax, accounting, regulatory, financial, credit and other related advice prior to making an investment.

By attending this presentation, you agree to be bound by the foregoing terms.

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AGENDA

WELCOME	MASSIMO CANDELA
CEO
	PIERO FROVA
MARKETING	Chief Marketing Officer School & Office
AND COMMUNICATION	NICOLETTA MARSI
	Chief Marketing Officer Fine Art
SALES AND DISTRIBUTION	FRANCESCO MANIGLIA
Chief Commercial & Sales Officer
OPERATIONS AND NORTH AMERICA	LUCA PELOSIN
CEO Operations
FINANCIALS	CRISTIAN NICOLETTI
CFO
ESG	LUCA PELOSIN
CEO Operations
GROWTH STRATEGY	MASSIMO CANDELA
CEO
Q&A

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We colour the future

"My grandfather's business began in Florence and expanded to Sicily. My father's stretched from Milan to Sicily. Today, our business operates from Shanghai to San Francisco, with India being our second largest market, after the USA.

However, our roots are firmly planted in Italy, despite the global journey we have made. Over the years, we have adapted to evolving times and technologies, incorporating sustainable materials and practices into our business, while holding true to our key values: colour and craftsmanship. We like to picture an artist climbing a hill with her tools, ready to capture the beauty of the landscape before her. At FILA, we believe our future lies on that hill."

Massimo Candela, CEO of FILA.

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The FILA Group today

With a portfolio of 25 iconic brands and a comprehensive range of products for writing, drawing, colouring, modelling, and painting in the School and Fine Art & Crafts segment, the FILA Group has become a major global player in the world of colour. Our products are distributed in 150 countries on five continents, with 33 direct subsidiaries and a workforce of over 11,300 employees.

Our company's vocation is production, with 22 specialised factories located across the world, including two in Italy. These factories boast high levels of interchangeability, and vertical integration, allowing us to have full control over the production process.

The parent company FILA S.P.A. has been listed on the EXM - Euronext STAR segment of the Italian Stock Exchange since November 2015.

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Highlights

1920	2015	+11.300	25	+20	22
YEAR	LISTING ON STAR	EMPLOYEES	ICONIC	PRODUCT	PRODUCTION
FOUNDED	SEGMENT		BRANDS	CATEGORIES	FACILITIES

+150	33	¤764.6 mln	¤110.3 mln	¤700 mln +
COUNTRIES	BRANCHES	2022 ADJUSTED SALES	2022 ADJUSTED EBITDA	INVESTED
	ON FIVE	2021 ADJUSTED SALES:	2021 ADJUSTED EBITDA:	IN ACQUISITIONS
	CONTINENTS	¤653.5 MILLION	¤109.1 MILLION	SINCE 1994

Note: 2018-2019-2020 adjusted EBITDA excluding IFRS16.

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Marketing &

Communication

PIERO FROVA	NICOLETTA MARSI
Chief Marketing Officer	Chief Marketing Officer
School & Office	Fine Art

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Market Scenario

Very fragmented market

• School & Office: 10 players above 300mln euro, and approximately than 100 players below 300mln euro.
• Fine Art: 2 players above 50mln euro and about 30 players below 50 mln euro.

Market characterised by historic brands with strong, local roots and established brand awareness and consumer recognition.

The market is characterised by low product differentiation, but with substantial quality differences.

Significant and growing presence of private label, especially in markets with a strong relevance of modern distribution chains (North America, France, UK, Germany).

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With the exception of the COVID impact the market is stable with respect to major exogenous factors and significantly linked to the demographic dynamics of individual countries (birth rate and growth in the average age of the population).

Capillary distribution throughout the territory through different channels.

The growth of ecommerce has changed the balance between distribution channels, significantly increasing competition (the number of players that can participate on-line is greater than the number that can be physically displayed within brick & mortar stores).

High barriers to entry in terms of production, and low in terms of sourcing.

Increasingly restrictive safety regulations and certifications.

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Market size

School		~10 bn
and Office

Fine Art		~1 bn

Global market size ex works ¤.

Source: Estimates carried out by management based on internal and third-party data sources.