Slides
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CORPORATE PRESENTATION
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INDEX 2 GROUP OVERVIEW 01 A HISTORY OF EVOLUTION, TRANSFORMATION AND GROWTH 02 BRANDS 03 FINANCIALS 04 CORPORATE PRESENTATION
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GROUP OVERVIEW CORPORATE PRESENTATION 3 01
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MONCLER GROUP CORPORATE PRESENTATION 4 Moncler Group, with its two brands – Moncler and Stone Island – represents the expression of a new concept of luxury, which embraces the search for experientiality, inclusivity, a sense of belonging to a community and the mixing of diverse meanings and worlds including those of art, culture, music and sport. United by the “beyond fashion, beyond luxury” philosophy, these two Italian brands strengthen their ability to interpret the evolving cultural codes of the new generations. The Group intends to bring together the entrepreneurial and managerial cultures as well as technical know - how of its brands to strengthen their competitiveness and enhance their important growth potential, while sharing the culture of sustainability. Moncler Group designs, produces and distributes high - end outerwear, ready - to - wear and accessories in more than 100 countries through 376 directly operated stores, digital platforms and selected department stores and wholesale partners. Moncler S.p.A. is listed on the Euronext Milan Stock Exchange since 2013.
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VISION CORPORATE PRESENTATION 5 Moncler Group shapes contemporary luxury, always pushing beyond the boundaries of what is expected.
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AMBITION CORPORATE PRESENTATION 6 “We aspire to redefine the meaning of luxury through creativity, innovation, and a deep connection to culture, continuing to leverage unique brand experiences. We lead with purpose, believe in bold ideas, engage with communities worldwide, while integrating sustainability into everything we do.” Remo Ruffini Chairman and Chief Executive Officer of Moncler S.p.A.
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376 RETAIL STORES 29.5% GROUP EBIT MARGIN FY 2024 HIGHLIGHTS CORPORATE PRESENTATION 7 EUR 3,108.9m (+7 cFX %) GROUP REVENUES EUR 639.6m GROUP NET RESULT EUR 1,308.8 m GROUP NET FINANCIAL POSITION (1) 8,175 EMPLOYEES This applies to all pages of this presentation if not otherwise stated: comments at constant FX rates, all data includes IFRS 16 impact, rounded figures. (1) Excluding lease liabilities arisen from the adoption of the IFRS 16 accounting principle.
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BRANDS CORPORATE PRESENTATION 8 Note: Direct - to Consumer (DTC) channel includes revenues from DOS, direct online and e - concessions. Moncler was founded in 1952 in Monastier - de - Clermont, near Grenoble, with a focus on mountain sportswear. Since 2003, under the leadership of Remo Ruffini, the brand has undergone a successful repositioning, evolving from technical outerwear to a symbol of versatile luxury worn across generations, identities, and cultures. Guided by the motto “born in the mountains, living in the city”, the Moncler brand combines tradition, uniqueness, quality, consistency and energy. Stone Island, founded in 1982 by Massimo Osti in Ravarino , Emilia Romagna, is an apparel brand defined by a relentless commitment to material research, innovation, and functionality. With a strong focus on the transformation of fibres and fabrics, Stone Island has developed a unique design language rooted in extreme research and maximum functionality. Known for its pioneering dyeing techniques and constant innovation, Stone Island has developed over 60,000 unique dye formulas, becoming a symbol of excellence in textile research and technical craftsmanship. KEY NUMBERS FY 2024 51% 35% 14% Asia EMEA Americas 14% 86% Wholesale DTC 26% 67% Asia EMEA 7% Americas 48% 52% Wholesale DTC MONCLER REVENUES EUR 2,707.3 (+8% cFX YoY) STONE ISLAND REVENUES EUR 401.6 ( - 1% cFX YoY)
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CORPORATE PRESENTATION 9 31.12.2024 31.12.2023 31.12.2022 MONCLER STONE ISLAND MONCLER STONE ISLAND MONCLER STONE ISLAND RETAIL 286 90 272 81 251 72 WHOLESALE 56 9 57 15 63 19 GLOBAL PRESENCE FY 2024 ASIA Stone Island 56 DOS 7 DOS AMERICAS Moncler 47 DOS EMEA Stone Island 27 DOS ASIA Stone Island 56 DOS Stone Island 7 DOS Moncler 96 DOS Moncler 143 DOS Note: DOS refers to directly operated stores. Wholesale includes wholesale monobrand stores, airports and shop - in - shops.
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BUSINESS APPROACH CORPORATE PRESENTATION 10 PRESERVING THE VALUE OF EXCELLENCE Moncler Group protects and leverages the most strategic stages where creativity, quality, and brand equity are built. From design and R&D to prototyping, distribution, and client experience, the Group retains direct control, ensuring that every stage embodies its highest standards. Over the years, it has developed strong internal know - how, embracing the value of technical and industrial craftsmanship. NURTURING COMMUNITIES AND CULTURAL RELEVANCE Moncler Group nurtures a cultural ecosystem that fosters belonging and amplifies global resonance. Both Moncler and Stone Island are committed to creating meaningful brand experiences and moments to foster authentic engagement. By transforming audiences into communities, the brands nurture deeper connections that extend well beyond traditional customer relationships. FOSTERING INNOVATION TO SHAPE OUR FUTURE Innovation at Moncler Group is a mindset that embraces all business areas: from creativity and industrial craftsmanship to the digital ecosystem and beyond. By combining rigorous research and technical expertise, heritage with vision, Moncler and Stone Island stand at the forefront of cultural and creative innovation, turning experimentation into a disciplined driver of value creation. ELEVATING EXPERIENCE THROUGH A MULTICHANNEL MODEL Moncler Group adopts an/relies on an integrated multichannel distribution model that turns every point of contact into a true brand destination, where the universe of each brand can be experienced beyond just retail. The approach combines a global network of distinctive mono - brand stores in iconic luxury and cultural locations, a curated selection of third - party partners, and a fully integrated digital platform that brings each brand’s identity to life worldwide. GROWING RESPONSIBLY At Moncler Group, the value of results is measured not only by what is achieved but by how it is achieved, grounded in the belief that long - term success is built through creating shared value. Environmental and social factors have become integral to the business model and are embedded in the way the Group operates, shaping decisions, processes, and relationships across the organization.
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2020 - 2025 GROUP SUSTAINABILITY PLAN PILLARS CORPORATE PRESENTATION 11 ACT ON CLIMATE & NATURE Reducing emissions Embracing energy Safeguarding biodiversity THINK CIRCULAR & BOLD Designing to last Using low - impact materials Cutting waste BE FAIR Ensuring trust Tracing and sourcing responsibly NURTURE UNIQUENESS Welcoming everyone Celebrating diversity everywhere Expressing ourselves always GIVE BACK Supporting local communities Donating time and value Sharing warmth
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CORPORATE PRESENTATION 12 RECOGNITION OF THE PERFORMANCE OF THE SUSTAINABILITY STRATEGY SUSTAINALYTICS Sustainalytics 2025 Industry Top - Rated Badge and Regional Top - Rated Badge DOW JONES BEST - IN - CLASS INDICES 1 st in Textile, Apparel & Luxury Goods with the highest score (90/100) in the S&P Global Corporate Sustainability Assessment 2024 MSCI ESG RATING Top score "AAA" CDP Top score "A"
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CORPORATE GOVERNANCE MODEL CORPORATE PRESENTATION 13 Shareholders‘ Meeting Audit Firm Board of Statuatory Auditors Board of Directors Manager in charge of preparing corporate accounting documents Internal Audit Department Compliance Supervisory Body Ex Legislative Decree 231/2001 Control, Risks and Sustainability Committee Related Parties Committee Nomination and Remuneration Committee
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BOARD OF DIRECTORS CORPORATE PRESENTATION 14 MARCO DE BENEDETTI Vice - Chairman and Non - Executive Director ROBERTO EGGS Executive Director BETTINA FETZER Independent Director GABRIELE GALATERI DI GENOLA Non - Executive Director ALESSANDRA GRITTI Independent Director and Lead Independent Director CESARE CONTI Independent Director DIVA MORIANI Non - Executive Director ALEXANDRE ARNAULT Non - Executive Director FRANÇOIS - HENRI BENNAHMIAS Independent Director LUCIANO SANTEL Executive Director ANNA ZANARDI Independent Director SUE NABI Independent Director GEOFFREY VAN RAEMDONCK Independent Director MARIA SHARAPOVA Independent Director REMO RUFFINI Chairman and Chief Executive Officer
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A HISTORY OF EVOLUTION, TRANSFORMATION AND GROWTH CORPORATE PRESENTATION 15 02
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GROUP HISTORY CORPORATE PRESENTATION 16 2003 REMO RUFFINI ACQUIRES MONCLER ------ Remo Ruffini, current chairman and CEO of Moncler S.p.A., takes over the helm of Moncler and launches a global brand reset that, while remaining faithful to the brand’s roots and heritage, elevates it to a luxury positioning. 2013 THE LISTING --- -- On December 16, Moncler lists on the Italian Stock Exchange S.p.A. in Milan. At the end of the first day of listing, Moncler’s share price closes at Euro 14.97 with an increase over the IPO price of 47 percent, making Moncler the most successful IPO in the European market that year. 2014 MONCLER JOINS THE FTSE MIB - ---- In March 2014, Moncler becomes a constituent of the FTSE MIB, which is comprised of the 40 largest securities on the Milan Stock Exchange. 2019 MONCLER IN THE DOW JONES BEST - IN - CLASS WORLD INDEX --- For the first time, Moncler is included in the Dow Jones Best - in - Class World Index (former Dow Jones Sustainability Indices), as the Industry Leader of the Textiles, Apparel & Luxury Goods, a position maintained for the following six consecutive years. 2021 STONE ISLAND JOINS MONCLER GROUP -- The acquisition of Stone Island, announced in December 2020 and completed on March 31, 2021, marks the official creation of the Moncler Group.
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A HISTORY OF EVOLUTION, TRANSFORMATION AND GROWTH CORPORATE PRESENTATION 17 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 REMO RUFFINI ACQUIRES MONCLER +21% 2003 — 2024 CAGR Revenues (EUR M) HAUTE COUTURE & GRENOBLE COLLECTIONS IPO >1 BN MONCLER GENIUS COVID STONE ISLAND JOINS MONCLER GROUP >2 BN > 3 BN
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A UNIQUE GROWTH PATH, WHILE MAINTAINING OPERATIONAL DISCIPLINE CORPORATE PRESENTATION 18 REVENUES (EUR M) 581 694 880 1,040 1,194 1,420 1,628 1,440 2,046 2,603 2,984 3,109 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2024 166 202 253 298 341 414 492 369 603 775 894 916 % MARGIN ON SALES 28.7% 29.0% 28.7% 28.6% 28.6% 29.2% 30.2% 25.6% 29.5% 29.8% 29.5% EBIT ( EUR M) 30.0 % 2023
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BRANDS CORPORATE PRESENTATION 19 03
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CORPORATE PRESENTATION
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MONCLER DISTRIBUTION NETWORK AND REVENUE BREAKDOWN CORPORATE PRESENTATION 21 FY 2024 FIGURES 51% 35% 14% 86% 14% AMERICAS EMEA ASIA WHOLESALE DTC REVENUES BY GEOGRAPHY REVENUES BY CHANNEL AMERICAS 47 DOS EMEA 96 DOS ASIA 143 DOS
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AN EVER - EVOLVING BRAND. THE BRAND OF EXTRAORDINARY CORPORATE PRESENTATION 22 1952 Origins 1968 Olympics 1980s City icons 2006 Moncler Gamme Rouge 2018 Moncler Genius 2022 70 th Anniversary
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UNLEASH THE EXTRAORDINARY IN EVERYBODY CORPORATE PRESENTATION 23 MONCLER BRAND VALUES AND PURPOSE ONE HOUSE ALL VOICES EMBRACE CRAZY BE WARM CREATE AND PROTECT TOMORROW PUSH FOR HGHER PEAKS We constantly strive for better, as individuals and as a team. Inspired by our continuous pursuit of excellence. We are always learning and committed to set new standards. We are never fully satisfied. We love to bring all voices in, letting everyone’s talent shine. We celebrate all perspectives, leverage our multiplicity and speak to every generation by letting all voices sing. We play a beautiful harmony. We strive for timeless brand distinction. We are unconventional and unique. We foster our inner genius and our creative edge. We bring bold dreams, crazy and apparently unreachable ideas to life, always with great rigor. We feed our energy as we believe that everything truly great was often born crazy. We were born to keep people warm. We are an emotional brand. We bring the warmth of human connections into everything we do, from the things we make, to the relationships we build. We celebrate everyone’s achievements, big and small, with empathy and trust. We believe in a positive, brighter and better tomorrow. We are agents of real and meaningful change. We rise to and act on the social and environmental challenges the world and its societies are facing.
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A CONSUMER CENTRIC & COMMUNITY OBSESSED BRAND CORPORATE PRESENTATION 24
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A UNIQUE BRAND POSITIONING FOR A COMPLEMENTARY BRAND OFFENCE CORPORATE PRESENTATION 25 GRENOBLE COLLECTION GENIUS ONE BRAND, THREE DIMENSIONS
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MONCLER CORPORATE PRESENTATION 26 Designed to transcend seasons, trends, and generations – the brand’s signature mainline collection comprises modern icons for metropolitan lifestyles. Drawing from the brand’s elevated outdoor DNA, with a spirit designed to travel from the mountain to the city, Moncler Collection offers and timeless designs, founded in function and craftsmanship. COLLECTION
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01 MONCLER CORPORATE PRESENTATION 27 COLLECTION OUR CORE. SS / FW ACROSS APPAREL, FOOTWEAR, EQUIPMENT, MEN, WOMEN, ENFANT.
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CORPORATE PRESENTATION 28 MONCLER COLLECTION
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MONCLER CORPORATE PRESENTATION 29 Rooted in Moncler’s mountain heritage and carefully designed for performance, Moncler Grenoble is Moncler’s brand dimension made for on and off the slopes moments encompassing high performance and high style. Reinforcing the brand’s history at the forefront of technical innovation, Moncler Grenoble encompasses collections for all seasons and conditions: from skiwear to cocooning après - ski looks and lightweight layering systems for the great outdoors. GRENOBLE
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02 MONCLER CORPORATE PRESENTATION 30 GRENOBLE A PERFECT BLEND OF HIGH PERFORMANCE AND HIGH STYLE FOR AN “ALL YEAR AROUND” PROPOSITION IN THE PERFORMANCE LUXURY SPACE.
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CORPORATE PRESENTATION 31
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MONCLER CORPORATE PRESENTATION 32 A real platform for co - creation, Moncler Genius challenges the boundaries of possibility at the intersection of art, design, entertainment, music, tech, sport, and culture going beyond fashion and beyond luxury while engaging with the world’s most inspiring minds and communities to unleash creativity at its best. GENIUS
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03 MONCLER CORPORATE PRESENTATION 33 GENIUS A SPACE FOR ON - GOING EXPLORATION AND COLLABORATION, INFLUENCING & CONTAMINATING THE WORLD OF ART, ENTERTAINMENT, MUSIC, SPORT, DES IGN AND MORE.
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CORPORATE PRESENTATION 34
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STONE ISLAND DISTRIBUTION NETWORK AND REVENUE BREAKDOWN CORPORATE PRESENTATION 36 FY 2024 FIGURES 26% 67% 7% 52% 48% AMERICAS EMEA ASIA WHOLESALE DTC REVENUES BY GEOGRAPHY REVENUES BY CHANNEL AMERICAS 7 DOS EMEA 27 DOS ASIA 56 DOS
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CORPORATE PRESENTATION 37 1990s The Rivetti Family took full control 2020 Stone Island joins the Moncler Group 2023 Robert Triefus appointed CEO 2024 The Next Chapter: new global communication campaign and e - commerce internalization 1980s Inception A LONG AND SUCCESSFUL STORY, WITH WELL - DEFINED ERAS AND MILESTON ES
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01 LAB LIFE CULTURE LAB is the constant, deep and relentless research into the transformation and enhancement of fibres and fabrics, which leads to the discovery of new materials and production techniques that have never been previously used in the clothing industry. LIFE is the lived experience, the identity, the community of those who are proud to wear Stone Island. It is the strong and recognisable aesthetic that originates from the study of uniforms and working clothes, recreated with new needs in mind, to define a project where the function of the garment is never just aesthetic. VALUES AND MISSION CORPORATE PRESENTATION 38 SPREAD THE CULTURE: TO NEW TERRITORIES & NEW COMMUNITIES 02 ENDLESS PASSION FOR ENDLESS KNOW - HOW The product - centred ethos spreads through both the Stone Island collection and all those living the brand, every day, inside and outside of the Company.
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COLLECTION ARCHITECTURE CORPORATE PRESENTATION 39 STONE ISLAND MAIN ONE MAIN LINE , THREE SUB - COLLECTIONS STONE ISLAND GHOST STONE ISLAND MARINA STONE ISLAND STELLINA
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01 CORE PRODUCT . PERFORMANCE EQUIPMENT FOR THOSE WHO FOLLOW THEIR OWN PATH. STONE ISLAND CORPORATE PRESENTATION 40 MAIN
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02 LUXURY INSPIRED / PINNACLE PRODUCT. ELEVATED EQUIPMENT FOR THOSE SHAPING THEIR COURSE. STONE ISLAND CORPORATE PRESENTATION 41 GHOST
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03 HERITAGE INSPIRED / FASHION ORIENTED. FOR THOSE WITH A VINTAGE SENSIBILITY. STONE ISLAND CORPORATE PRESENTATION 42 MARINA
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04 URBAN - TECH INSPIRED / UNDERSTATED STYLE. HIGH PERFORMANCE GEAR FOR REAL LIFE. STONE ISLAND CORPORATE PRESENTATION 43 STELLINA
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FINANCIALS CORPORATE PRESENTATION 44 04
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2022 - 2024 INCOME STATEMENT FY 2024 FY 2023 FY 2022 H1 2024 H2 2024 H1 2023 H2 2023 H1 2022 H2 2022 EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. REVENUES 3,108.9 100.0% 2,984.2 100.0% 2,602.9 100.0% 1,230.2 100.0% 1,878.8 100.0% 1,136.6 100.0% 1,847.6 100.0% 918.4 100.0% 1,684.5 100.0% YoY performance +4% +15% +27% +8% +2% +24% +10% +48% +18% GROSS PROFIT 2,426.6 78.1% 2,300.8 77.1% 1,987.8 76.4% 943.1 76.7% 1,483.5 79.0% 851.0 74.9% 1,449.8 78.5% 677.7 73.8% 1,310.1 77.8% Selling (937.3) (30.2%) (868.1) (29.1%) (757.4) (29.1%) (419.3) (34.1%) (518.1) (27.6%) (374.7) (33.0%) (493.3) (26.7%) (314.9) (34.3%) (442.5) (26.3%) G&A (351.7) (11.3%) (331.2) (11.1%) (284.0) (10.9%) (166.3) (13.5%) (185.3) (9.9%) (156.9) (13.8%) (174.3) (9.4%) (132.7) (14.4%) (151.3) (9.0%) Marketing (221.2) (7.1%) (207.7) (7.0%) (171.9) (6.6%) (98.8) (8.0%) (122.4) (6.5%) (101.6) (8.9%) (106.1) (5.7%) (50.0) (5.4%) (122.0) (7.2%) EBIT 916.3 29.5% 893.8 30.0% 774.5 29.8% 258.7 21.0% 657.7 35.0% 217.8 19.2% 676.0 36.6% 180.2 19.6% 594.4 35.3% Net financial income / (expenses) (6.5) (0.2%) (23.2) (0.8%) (27.2) (1.0%) (1.6) (0.1%) (5.0) (0.3%) (11.3) (1.0%) (11.9) (0.6%) (11.6) (1.3%) (15.6) (0.9%) EBT 909.8 29.3% 870.6 29.2% 747.3 28.7% 257.1 20.9% 652.7 34.7% 206.5 18.2% 664.2 35.9% 168.5 18.4% 578.8 34.4% Taxes (270.2) (8.7%) (258.7) (8.7%) (140.6) (5.4%) (76.4) (6.2%) (193.9) (10.3%) (61.1) (5.4%) (197.6) (10.7%) 42.7 4.7% (183.3) (10.9%) Tax rate 29.7% 29.7% 18.8% 29.7% 29.7% 29.6% 29.8% (25.3%) 31.7% GROUP NET RESULT 639.6 20.6% 611.9 20.5% 606.7 23.3% 180.7 14.7% 458.9 24.4% 145.4 12.8% 466.6 25.3% 211.3 23.0% 395.4 23.5% YoY performance +5% +1% +47% +24% - 2% (31%) +18% +260% +12% CORPORATE PRESENTATION 45
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2024 REVENUES QUARTERLY PERFORMANCE Q1 24 vs 23 Q2 24 vs 23 Q3 24 vs 23 Q4 24 vs 23 EUR m 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX MONCLER 705.0 604.8 20% 336.3 330.2 5% 532.0 561.2 (3%) 1,134.1 1,076.9 8% STONE ISLAND 113.0 121.6 (5%) 75.9 80.0 (4%) 103.6 108.5 (4%) 109.2 101.0 10% GROUP TOTAL 818.0 726.4 16% 412.2 410.2 3% 635.5 669.7 (3%) 1,243.2 1,177.9 8% Q1 24 vs 23 Q2 24 vs 23 Q3 24 vs 23 Q4 24 vs 23 EUR m 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX DTC 608.5 501.5 26% 267.3 256.0 8% 384.3 395.4 0% 1,071.9 1,011.0 9% WHOLESALE 96.5 103.3 (5%) 69.0 74.2 (5%) 147.7 165.8 (9%) 62.2 65.9 (7%) MONCLER 705.0 604.8 20% 336.3 330.2 5% 532.0 561.2 (3%) 1,134.1 1,076.9 8% ASIA 362.6 304.4 26% 150.4 152.4 6% 237.8 248.5 (2%) 628.2 586.1 11% EMEA 245.9 215.9 15% 134.6 124.7 6% 222.8 232.5 (3%) 345.9 337.3 3% AMERICAS 96.4 84.5 14% 51.3 53.1 (1%) 71.4 80.2 (6%) 160.0 153.5 5% MONCLER 705.0 604.8 20% 336.3 330.2 5% 532.0 561.2 (3%) 1,134.1 1,076.9 8% Q1 24 vs 23 Q2 24 vs 23 Q3 24 vs 23 Q4 24 vs 23 EUR m 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX DTC 49.4 39.1 31% 43.2 34.6 27% 43.1 34.2 28% 73.2 64.9 15% WHOLESALE 63.6 82.5 (23%) 32.6 45.4 (28%) 60.5 74.3 (19%) 35.9 36.1 (1%) STONE ISLAND 113.0 121.6 (5%) 75.9 80.0 (4%) 103.6 108.5 (4%) 109.2 101.0 10% ASIA 27.4 22.9 27% 19.3 15.9 27% 21.4 19.0 17% 37.1 31.6 23% EMEA 77.7 87.8 (12%) 51.2 57.8 (11%) 75.0 79.3 (6%) 65.0 62.5 4% AMERICAS 8.0 10.8 (25%) 5.4 6.3 (15%) 7.1 10.1 (28%) 7.0 6.9 2% STONE ISLAND 113.0 121.6 (5%) 75.9 80.0 (4%) 103.6 108.5 (4%) 109.2 101.0 10% CORPORATE PRESENTATION 46
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2024 REVENUES YTD PERFORMANCE Q1 24 vs 23 H1 24 vs 23 9M 24 vs 23 FY 24 vs 23 EUR m 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX MONCLER 705.0 604.8 20% 1,041.3 935.0 15% 1,573.3 1,496.3 8% 2,707.3 2,573.2 8% STONE ISLAND 113.0 121.6 (5%) 188.9 201.6 (5%) 292.4 310.1 (5%) 401.6 411.1 (1%) GROUP TOTAL 818.0 726.4 16% 1,230.2 1,136.6 11% 1,865.7 1,806.3 6% 3,108.9 2,984.2 7% Q1 24 vs 23 H1 24 vs 23 9M 24 vs 23 FY 24 vs 23 EUR m 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX DTC 608.5 501.5 26% 875.7 757.5 19% 1,260.0 1,152.9 13% 2,331.9 2,163.9 11% WHOLESALE 96.5 103.3 (5%) 165.5 177.5 (5%) 313.2 343.3 (7%) 375.4 409.2 (7%) MONCLER 705.0 604.8 20% 1,041.3 935.0 15% 1,573.3 1,496.3 8% 2,707.3 2,573.2 8% ASIA 362.6 304.4 26% 513.0 456.8 19% 750.8 705.3 11% 1,379.0 1,291.4 11% EMEA 245.9 215.9 15% 380.6 340.7 12% 603.4 573.2 6% 949.3 910.5 5% AMERICAS 96.4 84.5 14% 147.7 137.6 8% 219.1 217.8 3% 379.0 371.3 4% MONCLER 705.0 604.8 20% 1,041.3 935.0 15% 1,573.3 1,496.3 8% 2,707.3 2,573.2 8% Q1 24 vs 23 H1 24 vs 23 9M 24 vs 23 FY 24 vs 23 EUR m 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX 2024 2023 cFX DTC 49.4 39.1 31% 92.6 73.7 29% 135.7 107.9 29% 208.9 172.8 23% WHOLESALE 63.6 82.5 (23%) 96.3 127.8 (24%) 156.7 202.1 (22%) 192.7 238.2 (19%) STONE ISLAND 113.0 121.6 (5%) 188.9 201.6 (5%) 292.4 310.1 (5%) 401.6 411.1 (1%) ASIA 27.4 22.9 27% 46.7 38.8 27% 68.1 57.8 23% 105.2 89.4 23% EMEA 77.7 87.8 (12%) 128.9 145.6 (12%) 203.9 225.0 (9%) 268.9 287.5 (7%) AMERICAS 8.0 10.8 (25%) 13.3 17.1 (21%) 20.5 27.2 (24%) 27.5 34.1 (18%) STONE ISLAND 113.0 121.6 (5%) 188.9 201.6 (5%) 292.4 310.1 (5%) 401.6 411.1 (1%) CORPORATE PRESENTATION 47
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2022 - 2024 BALANCE SHEET STATEMENT CORPORATE PRESENTATION 48 31/12/2024 31/12/2023 31/12/2022 EUR m EUR m EUR m Brands 999.4 999.4 999.4 Goodwill 603.4 603.4 603.4 Fixed assets 510.1 442.1 388.3 Right - of - use assets 848.2 737.5 773.5 Net working capital 255.5 240.2 191.7 Other assets / (liabilities) 20.1 3.2 4.5 INVESTED CAPITAL 3,236.7 3,025.7 2,960.8 Net debt / (net cash) (1,308.8) (1,033.7) (818.2) Lease liabilities 924.1 805.2 837.4 Pension and other provisions 34.7 39.8 39.3 Shareholders' equity 3,586.7 3,214.4 2,902.3 TOTAL SOURCE 3,236.7 3,025.7 2,960.8
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2022 - 2024 CASH FLOW STATEMENT (1) CORPORATE PRESENTATION 49 FY 2024 FY 2023 FY 2022 EUR m EUR m EUR m EBIT 916.3 893.8 774.5 D&A 120.7 114.2 105.6 Other non cash adjustments 16.0 15.3 14.6 Change in net working capital (15.3) (48.5) (42.8) Change in other assets / (liabilities) (18.6) 3.7 (212.3) Net capex (186.7) (174.1) (167.1) OPERATING CASH FLOW 832.4 804.4 472.5 Net financial result 24.9 5.8 (4.0) Taxes (269.8) (260.8) (140.8) FREE CASH FLOW 587.5 549.4 327.7 Dividends paid (311.0) (303.4) (161.0) Changes in equity and other changes (1.4) (30.5) (78.1) NET CASH FLOW 275.1 215.5 88.6 Net financial position - Beginning of period 1,033.7 818.2 729.6 Net financial position - End of period 1,308.8 1,033.7 818.2 CHANGE IN NET FINANCIAL POSITION 275.1 215.5 88.6 (1) Excluding the impact of the lease liabilities.