SIGNA Sports United N : Q4 FY22 Results Presentation

These forward-looking statements include, but are not limited to, statements regarding future events, the estimated or anticipated future results and benefits of SSU following the business combination, future opportunities for SSU, future planned products and services, business strategy and plans, objectives of management for future operations of SSU, market size and growth opportunities, competitive position, technological and market trends, and other statements that are not historical facts. These statements are based on the current expectations of SSU's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions as a result of the war in Ukraine, significant inflation, higher financing costs, an increase in energy costs, a negative consumer sentiment and COVID-19. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this Presentation, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results.

Forward-looking statements appear in a number of places in this Presentation and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors. The forward-looking statements in this Presentation may include, without limitations, statements about:

•	our future financial condition and operating results;
•	our ability to remain in compliance with financial covenants under our financing arrangements;
•	our ability to extend, renew or refinance our existing debt;
•	our liquidity and losses from operations and projected cash flows and related impact on our ability to continue as a going concern;
•	our growth, expansion and acquisition prospects and strategies, the success of such strategies, and the benefits we believe can be derived from such strategies;
•	our ability to effectively manage our inventory and inventory reserves;
•	impairments of our goodwill or other intangible assets;
•	changes in consumer spending patterns and overall levels of consumer spending;
•	our ability to further upgrade our information technology systems and infrastructure, including our accounting processes and functions, and other risks associated with the systems that operate our online retail operations;
•	our ability to continue to remedy weaknesses in our internal controls;
•	costs as a result of operating as a public company;
•	our assumptions regarding interest rates and inflation;
•	changes affecting currency exchange rates;
•	continuing business disruptions arising from the on-going war in Ukraine and in the aftermath of the coronavirus pandemic;
•	our financial condition and ability to obtain financing in the future to implement our business strategy and fund capital expenditures, acquisitions and other general corporate activities;
•	estimated future capital expenditures needed to preserve our capital base;
•	changes in general economic conditions in the Federal Republic of Germany ("Germany"), and the European Union and the Unites States of America, including changes in the unemployment rate, the level of energy and
	consumer prices, wage levels, etc.;
•	the further development of online sports markets, in particular the levels of acceptance of internet retailing;
•	our behavior on mobile devices and our ability to attract mobile internet traffic and convert such traffic into purchases of our goods;
•	our ability to offer our customers an inspirational and attractive online purchasing experience;
•	demographic changes, in particular with respect to Germany;
•	changes in our competitive environment and in our competition level;
•	the occurrence of accidents, terrorist attacks, natural disasters, fires, environmental damage, or systemic delivery failures;
•	our inability to attract and retain qualified personnel, consultants and collaborators;
•	political changes;
•	changes in laws and regulations;
•	our expectations relating to dividend payments and forecasts of our ability to make such payments; and
•	other factors discussed in "Item 3. Key Information - D. Risk Factors" in our 20-F filing as of February 7, 2023.

Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward- looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors described in "Item 3. Key Information-D. Risk Factors" in in our 20-F filing as of February 7, 2023. Accordingly, you should not rely on these forward-looking statements, which speak only as of the date of this Presentation. You should, however, review the factors and risks we describe in the reports we will file from time to time with the SEC after the date of this Presentation.

In addition, statements such as "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this Presentation. And while we believe that information provides a reasonable basis for these statements, that information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and you are cautioned not to rely unduly on these statements.

Although we believe the expectations reflected in the forward-looking statements were reasonable at the time made, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should carefully consider the cautionary statements contained or referred to in this section in connection with the forward-looking statements contained in this Presentation and any subsequent written or oral forward-looking statements that may be issued by us or persons acting on our behalf.

Totals have been calculated on the basis of non-rounded euro amounts and may differ from a calculation based on the reported million euro amounts.

SIGNA SPORTS UNITED

2

SIGNA SPORTS UNITED	3

	320
187
FY19	PF FY221

	6.7
2.7
FY19	PF FY221

USA

JP

AUS / NZ

	9.5
3.9
FY19	PF FY221

SSU Core Market Expansion

SSU Core Markets

SSU Non-Core Markets

Source: Company information.

Note: Core markets represent markets with inventory held in-country. FY19 metrics restated for continuing operations only, as a result of discontinued operations related to Athleisure, pro forma for WCRC, Midwest Sports and Tennis Express. (1) SSU SIGNA SPORTS UNITED financial year end as of 30 Sep 22. FY22 metrics for continuing operations only, as a result of discontinued operations related to Athleisure, pro forma for WCRC, Midwest Sports and Tennis Express. WCRC closed concurrently with de-SPAC transaction on

Dec 14, 21. Tennis Express acquisition closed on Dec 31, 21.

• SSU is a buy-and-buildstrategy; the assets that we have acquired typically operate from a scaled logistics infrastructure serving markets internationally
• Our businesses are characterized by market-leadingpositions in core markets and promising international positions where we have competed intensively to win market share and establish SSU's brands
• The combination of supply chain disruptions and a deterioration in consumer confidence due to the conflict in Ukraine, has resulted in competitive, overstocked markets significantly impacting profitability, particularly in international markets
• The current market environment requires SSU to retrench focus on core markets with strong competitive positions and unit economics
• Clear assessment and focused plan to return the business to run rate profitability1 in FY24: comprehensive strategic realignment assessment underway with a focus on generating long-term shareholder value

1. Adapt commercial and operating models and improve inventory management

• 1. Focus on core markets and operations o Deliver transaction synergies
• Proactive commitments achieved to ensure financial flexibility in a persistent adverse operating environment
• Near-termchallenges accelerate long-term opportunity to consolidate the highly fragmented specialist sports retail market

SIGNA SPORTS UNITED (1) On an Adjusted EBITDA basis.

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