2021.11.10_Consolidated interim Report as of 30 September 2021

Salvatore Ferragamo Group

Interim Report as at 30 September 2021

Salvatore Ferragamo S.p.A.

Florence

Interim Report as at 30 September 2021

Salvatore Ferragamo Group

CONTENTS
General information.........................................................................................................................	3
Corporate boards .............................................................................................................................	4
Group structure.................................................................................................................................	5
Group description.............................................................................................................................	6
Interim Directors' report on operations .......................................................................................	7
Main Stock Market indicators - Salvatore Ferragamo S.p.A. ...................................................	7
Income and financial highlights for the first nine months of 2021............................................	8
Introduction ...........................................................................................................................	9
The Salvatore Ferragamo Group's Activities.........................................................................	9
Operating performance ........................................................................................................	10
Significant events occurred during the first nine months of 2021.......................................	18
Other information ................................................................................................................	19
Basis of presentation............................................................................................................	20
Significant events occurred after 30 September 2021 .........................................................	23
Outlook ................................................................................................................................	23
Financial Statements......................................................................................................................	24
Consolidated Statement of Financial Position - Assets............................................................	24
Consolidated Statement of Financial Position - Liabilities and Shareholders' Equity .......	25
Consolidated Income Statement ...................................................................................................	26
Consolidated Statement of Comprehensive Income...................................................................	27
Consolidated Statement of Cash Flows.......................................................................................	28
Statement of changes in consolidated shareholders' equity.....................................................	29
Statement pursuant to paragraph 2, article 154 bis of Leg. Decree no. 58/98 (Consolidated
Law on Finance) ..................................................................................................................	30

This document has been translated into English solely for the convenience of international readers.

2

Interim Report as at 30 September 2021

Salvatore Ferragamo Group

General information

Registered office of the Parent company

Salvatore Ferragamo S.p.A.

Via Tornabuoni, 2

50123 Florence

Legal information about the Parent company

Authorized, subscribed and paid-up share capital 16,879,000 Euro Tax code and Florence Company Register no.: 02175200480

Registered with the Florence Chamber of Commerce under REA (Economic and Administrative Register) no. 464724

Corporate website https://group.ferragamo.com/it/

3

Interim Report as at 30 September 2021

Salvatore Ferragamo Group

Corporate boards

Board of Directors (1)	Leonardo Ferragamo (1)(6)(10)	Chairman
	Michele Norsa (1)(7)(8)	Executive Deputy Chairman
	Frédéric Biousse (10) (11) (12)
	Giacomo Ferragamo (1) (9)
	Patrizia Michela Giangualano (1)(10)(11)
	Annalisa Loustau Elia (10) (11) (12)
	Umberto Tombari (1)(10)(11)
	Angelica Visconti (1)(9)
	Peter Woo Kwong Ching (1)(10)
	Anna Zanardi Cappon (1)(10)(11)
Control and Risks Committee (2)	Patrizia Michela Giangualano	Chairwoman
	Umberto Tombari
	Anna Zanardi Cappon
Nomination and Remuneration	Anna Zanardi Cappon (13)	Chairwoman
Committee (2)	Umberto Tombari
	Annalisa Loustau Elia (14)
Growth Plan and Strategy Committee(2) Michele Norsa	Chairman
	Leonardo Ferragamo
Board of Statutory Auditors (3)	Andrea Balelli	Chairman
	Paola Caramella	Acting Statutory Auditor
	Giovanni Crostarosa Guicciardi	Acting Statutory Auditor
	Roberto Coccia	Substitute Statutory Auditor
	Antonella Andrei	Substitute Statutory Auditor
Independent Auditors (4)	KPMG S.p.A.
Manager charged with preparing
Company's Financial Reports (5)	Alessandro Corsi

1. Appointed by the Shareholders' Meeting on 22 April 2021 and serving until the approval of the separate financial statements as at 31 December 2023. On 27 July 2021, Ms Marinella Soldi resigned effective immediately from her position as Director and Chairwoman of the Nomination and Remuneration Committee. Ms Micaela le Divelec Lemmi resigned from her position as Director and Managing Director effective 8 September 2021. Therefore, on the same date Ms le Divelec also stepped down as member of the Growth Plan and Strategy Committee.
2. Set up by the Board of Directors on 22 April 2021
3. Appointed by the Shareholders' Meeting on 8 May 2020 and serving until the approval of the separate financial statements as at 31 December 2022
4. Appointed for the 2020-2028 period
5. Appointed by the Board of Directors on 10 March 2020 effective as from 1 April 2020
6. Appointed as Chairman by the Board of Directors on 22 April 2021
7. Appointed as Executive Deputy Chairman by the Board of Directors on 22 April 2021
8. Executive director
9. Executive director pursuant to the Corporate Governance Code for listed companies as a manager of the Company
10. Non-executivedirector
11. Independent director pursuant to article 147-ter, paragraph 4 and article 148, paragraph 3 of Italian Legislative Decree no. 58 of 24 February 1998 ("T.U.F.", Consolidated Law on Finance) and the Corporate Governance Code for listed companies
12. Co-optedas director pursuant to art. 2386, paragraph 1 of the Italian Civil Code by the Board of Directors on 29 September 2021 and serving until the next Shareholders' Meeting
13. Appointed as Chairwoman of the Nomination and Remuneration Committee by the Board of Directors on 29 September 2021, in place of the outgoing Director Marinella Soldi
14. Appointed to the Nomination and Remuneration Committee by the Board of Directors on 29 September 2021

4

Interim Report as at 30 September 2021

Salvatore Ferragamo Group

Group structure

Salvatore Ferragamo S.p.A.

		100%
	Parfums Italia S.r.l.**

100%	Ferragamo Austria GmbH	100%	Ferragamo USA Inc.
100%	Ferragamo France S.A.S.		S-Fer International Inc.

		100%	Ferragamo U.K. Limited			Sator Realty Inc.
		100%	Ferragamo			Ferragamo Canada Inc.
			(Suisse) SA
		100%	Ferragamo	99.73%	Ferragamo Mexico
			Monte-Carlo S.A.M.			S.de R.L.deC.V.
		100%	Ferragamo	99%	Ferragamo Chile S.A.
			Retail Nederland B.V.
		100%	Ferragamo Belgique SA		95%	Ferragamo Argentina S.A.
		100%	Ferragamo	99%	Ferragamo Brasil Roupas e
			Deutschland GmbH			Acessorios Ltda.
		100%	Ferragamo España S.L.

Ferragamo Japan K.K.	71%

100%	Ferragamo Korea Ltd.	100%
100%	Ferragamo	100%
100%	(Singapore) Pte Ltd
Ferragamo	100%
	(Thailand) Limited
0.27%	Ferragamo	100%
	(Malaysia) Sdn. Bhd.
1%	Ferragamo Moda	75%
	(Shanghai) Co.Ltd.
5%	Ferragamo Retail	100%
	India Private Limited*
1%	Ferragamo	100%
	Australia Pty Ltd.
	Ferragamo Retail	75.2%
	Macau Limited
	Ferragamo Hong Kong Ltd.	100%

75%

Ferrimag Limited

100% Ferragamo Retail

HK Ltd.

100% Ferragamo Retail

Taiw an Limited

100%	Ferragamo Fashion
	Trading (Shanghai) Co. Ltd.
Notes
European companies
North America companies
Centre and South America companies
Asia Pacific companies
Japanese companies

• Non-operatingcompany
• Company set up on 8 September 2021, classified as to be disposed of as at 30 September 2021 and sold to Inter Parfums, Inc. on 1 October 2021.

5