Page 1

CAMPARI GROUP ● Strong double - digit growth in sales across all regions and brand clusters as well as across all profit indicators both vs. H1 2020 and H1 2019 Strong brand momentum thanks to sustained home consumption and gradual on - premise reopening Campari Group celebrates 20 years on the stock exchange : 15 times increase in market capitalisation to € 13 billion and annualized Total Shareholder Return of 16 % since IPO¹ , with significant outperformance of market index and industry peers FIRST HALF 2021 - RESULTS HIGHLIGHTS Strong business momentum confirmed , driven by the consumption bounce back in the on - premise channel upon its gradual reopening in Q2 , sustained home consumption driving the off - premise channel , and a favourable comparison base . Reported net sales of € 1,000.8 million , + 37.1 % organic growth vs. the first half of 2020 ( + 30.2 % on a reported basis ) , and + 22.3 % organic growth vs. the first half of 2019 . EBIT adjusted of € 223.2 million , + 88.7 % organic change , +640 basis points accretion ( + 33.3 % , +190 bps margin accretion vs. the first half of 2019 ) . Group net profit adjusted of € 156.8 million , up + 101.9 % excluding the net positive adjustments of € 2.8 million . Net financial debt of € 1,064.8 million as of June 30th , 2021 , down € 39.0 million vs. € 1,103.8 million as of December 31st , 2020. Recurring free cash flow at € 141.6 million , up + 117.7 % vs. H1 2020 and + 64.2 % vs. H1 2019 . Milan , July 27th 2021 - The Board of Directors of Davide Campari - Milano N.V. ( Reuters CPRI.MI - Bloomberg CPR IM ) approved the consolidated results for the first half year ended at June 30th , 2021 . Bob Kunze - Concewitz , Chief Executive Officer : ' In the first half 2021 we achieved double - digit growth across key markets and brand clusters as well as across all performance indicators . These positive trends accelerated in the peak second quarter , thanks to sustained home consumption trends combined with the gradual on - premise reopening as well as the amplification by an easy comparison base . Whilst uncertainty linked to the spread of Covid variants and the possible reintroduction of new restrictive measures persists , we remain confident about the continued strong brand momentum , fuelled by sustained marketing investments , accelerating in aperitifs peak season . This July we are proudly celebrating our 20th anniversary as a listed company on the stock exchange . Looking back at the last 20 years of success , the strength of Campari Group's business and its financial performance have been reflected in the company's value , which since IPO has increased by 15 times to € 13 billion today¹ . With an annualized Total Shareholder Return of 16 % , we outperformed our key spirits peers and market index . For this we would like to thank our shareholders and all Camparistas for their continued support to our Group . ' . IPO date 6 July 2001. Stock data refers 6 July 2021. Annualized Total Shareholder Return with dividend reinvested . Page 1 of 9 TOASTING LIFE TOGETHER