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H1 2026 RESUL TS UPDATE ANALYST PRESENTATION AUGUST 03, 2026
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2 DISCLAIMER This presentation contains forward-looking statements regarding future events and results of the Company that are based on the current expectations, projections and assumptions of the management of the Company. The actual results may differ materially from those expressed in any forward-looking statement and the Company does not assume any liability with respect thereto. This document has been prepared solely for this presentation and does not constitute any offer or invitation to sell or any solicitation to purchase any share in the Company. The Manager in Charge of preparing the Company financial reports hereby certifies pursuant to paragraph 2 of art. 154-bis of Legislative Decree no. 58 of February 24, 1998, that the accounting disclosures of this document are consistent with the accounting documents, ledgers and entries.
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3 H1 2026 BUSINESS UPDATE
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4 TWELVE MONTHS INTO IMPLEMENTATION, STRATEGIC INITIATIVES GAINING TRACTION IN AN UNCERTAINTY EXTERNAL ENVIRONMENT SOLID DTC PROGRESS IN Q2 2026 WITH NET SALES +6.6% AT CONSTANT FX, DRIVEN BY PRIMARY, BETTER FULL/OFF PRICE MIX, HIGHER CONVERSION RATE AND AVERAGE TICKET STRENGTHENING BRAND FOUNDATIONS THROUGH PRODUCT EFFECTIVENESS , RETAIL EXCELLENCE AND TARGETED COMMUNICATION SUPPORTING BRAND DESIRABILITY , CUSTOMER ENGAGEMENT AND SUSTAINABLE PERFORMANCE OVER TIME 2026 | DTC Progress Supported by Consistent Strategic Execution
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2026 | Balanced and Disciplined Product Offer E VOLUTION OF ICONIC PRODUCT FAMILIES COMBINED WITH TARGETED NEW LAUNCHES E NHANCED CATEGORY CONSISTENCY , INNOVATION AND CLIENT RELEVANCE TO SUPPORT PRODUCTIVITY OVER TIME S HARPENING P RODUCT A RCHITECTURE ACROSS C OLLECTIONS
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2026 | Supporting a Consistent and Engaging Brand Narrative A DVANCING CINEMATIC , DIGITAL - FIRST STORYTELLING THROUGH “T HE F IRST I MPRESSION ” C AMPAIGN , ENSURING CONSISTENT BRAND EXPRESSION ACROSS MARKETS AND TOUCHPOINTS L EVERAGING BRAND ICONS AND HIGH - POTENTIAL CATEGORIES TO DRIVE CONSIDERATION AND PURCHASE INTENT P RODUCT - F OCUSED A CTIVATIONS , D RIVING V ISIBILITY AND S UPPORTING G ROWTH OF C ORE C ATEGORIES
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2026 | Reinforcing Heritage Through Brand Storytelling S TRONGER CONNECTION BETWEEN F ERRAGAMO ’ S HERITAGE AND CRAFTSMANSHIP AND GLO BALLY RECOGNIZED PERSONALITIES S HARED VALUES OF EXCELLENCE , RESILIENCE , PRECISION AND MASTERY SUPPORTING PRODUCT DESIRABILITY AND ICONIC PRODUCT FAMILIES C ELEBRATING F ERRAGAMO ’ S T IMELESS A PPEAL T HROUGH A V ALUE - DRIVEN N ARRATIVE WITH “L EGENDS , R EIMAGINED ”
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2026 | Strengthening the Hug Platform E XPANDED APPEAL ACROSS CUSTOMER SEGMENTS AND OCCASIONS OF USE E XPERIENTIAL ACTIVATIONS REINFORCING EMOTIONAL CONNECTION , VISIBILITY AND THE COLLECTION ’ S ARTISANAL EXCELLENCE , INNOVATION AND ATTENTION TO DETAIL B UILDING ON THE S UCCESS OF O NE OF F ERRAGAMO ’ S M OST R ECOGNIZABLE I CONS
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2026 | Celebrities in Ferragamo M AXIMIZING ORGANIC MEDIA EXPOSURE R EINFORCING BRAND RELEVANCE AMONG GLOBAL AUDIENCES E VOLVING C ELEBRITY E NGAGEMENT A PPROACH
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10 OPTIMIZATION OF THE RETAIL FOOTPRINT FOCUSED ON EXCELLENCE AND STORE PRODUCTIVITY SELECTIVE WHOLESALE DISTRIBUTION SUPPORTING BRAND EQUITY CONTINUED OPERATIONAL DISCIPLINE THROUGH PROCESS STREAMLINING AND ENHANCED ORGANIZATIONAL EFFECTIVENESS, SUPPORTING PROFITABILITY AND POSITIVE H1 EBIT STRENGTHENED SENIOR MANAGEMENT TEAM TO SUPPORT LONG TERM EXECUTION ADVANCING KEY BUSINESS PROCESSES , INCLUDING E- COMMERCE RE-PLATFORMING, MERCHANDISING ALLOCATION ENHANCEMENTS AND TARGETED ACTIONS TO IMPROVE PERFORMANCE ACROSS MARKETS 2026 | Executing Operational Priorities While Building Future Capabilities
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03/08/2026 ESG ACHIEVEMENTS CONFIDENTIAL 11 RATINGS AND ACKNOWLEDGEMENTS
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12 PROGRESS ACHIEVED OVER THE PAST TWELVE MONTHS PROVIDES INCREASING CONFIDENCE IN THE STRATEGIC DIRECTION UNDERTAKEN , DESPITE CONTINUED MACROECONOMIC UNCERTAINTY INCREASING EMPHASIS ON DEVELOPING CAPABILITIES, PROCESSES AND FOUNDATIONS TO SUSTAIN LONG-TERM VALUE CREATION AND BUSINESS GROWTH 2026 | From Strategic Progress to Long-Term Value Creation
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H1 2026 FINANCIAL RESULSTS 13
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Q2 2026 Consolidated Revenues at €259m, +4.6% at const. FX and +2.4% at current FX vs. Q2 2025, with DTC* +6.6% at const. FX, while WHL in line with last year. H1 2026 Consolidated Revenues at €468m, +1.9% at const. FX and -1.3% at current FX vs. H1 2025, with DTC* +6.1% at const. FX, penalized by the negative WHL channel. Q2 2026 DTC* Net Sales +6.6% at const. FX (+4.8% at current FX) vs. Q2 2025, with all regions positive at const. FX, mainly driven by primary DTC*. Online up double-digit vs. Q2 2025, with higher traffic, order number and value. H1 2026 DTC* Net Sales +6.1% at const. FX (+1.8% at current FX) vs. H1 2025, with all the regions positive at const. FX, except Japan. Q2 2026 WHL Net Sales +0.2% at const. FX (-1.0% at current FX) vs. Q2 2025. H1 2026 WHL Net Sales -11.2% at const. FX (-11.6% at current FX) vs. H1 2025, reflecting a strengthened focus on selective distribution and strategic key accounts, consistent with the brand's positioning. * DTC (Direct To Consumer) channel consists of directly operated mono-brand stores (DOS), as well as e-commerce platforms of direct to customers online sales. 14 357 (75%) 105 (22%) 12 (3%) 2025 363 (78%) 93 (20%) 11 (2%) 2026 DTC * WHLS OTHER 474 468 -11.6% -11.2% +1.8% +6.1% TOTAL NET SALES H1 2026 REVENUE BY DISTRIBUTION CHANNEL +2.1% Curr FX Const FX -1.3% YOY var, % TOTAL REVENUES WHLS DTC * 1. Other income includes: Hedging, licenses & other revenues, rental income investment properties 2. YoY var at Constant FX calculated only on licenses & other revenues and rental income investment properties components -3.5%2-1.7% +1.9%-1.3% TOTAL REVENUES, €M 1
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141 (31%) 129 (28%) 117 (25%) 36 (7%) 40 (9%) 2025 155 (34%) 120 (26%) 106 (23%) 41 (9%) 35 (8%) 2026 North America APAC EMEA LATAM Japan 462 457 +11.8% +6.8% -13.0% -1.0% +2.1% -8.6%-9.0% TOTAL NET SALES, €M H1 2026 NET SALES BY REGION -3.0%-6.4% +15.4%+9.7% Curr FX Const FX -1.3% YOY var, % Q2 2026 EMEA DTC* Net Sales up high-single digit, driven by primary, with double-digit increases in conversion rate and average ticket. WHL down double-digit. Total Net Sales -1.3% vs. Q2 2025. H1 2026 EMEA Total Net Sales -8.6% vs. H1 2025, with positive DTC* offset by double-digit negative WHL. Q2 2026 North America DTC* Net Sales up double-digit, driven by primary and full price sales. Also, WHL up double- digit, driving Total Net Sales at +13.0% vs. Q2 2025. H1 2026 North America Total Net Sales +15.4% vs. H1 2025, with both DTC* and WHL up. In Q2 2026 in Latin America both DTC* and WHL above last year, driving Total Net Sales at +6.5% vs. Q2 2025. H1 2026 Latin America Total Net Sales +6.8% vs. H1 2025, driven by primary DTC*. Q2 2026 Asia Pacific DTC* Net Sales above last year, penalized by negative WHL, which drove Total Net Sales at -0.6% vs. Q2 2025. H1 2026 Asia Pacific Total Net Sales -3.0% vs. H1 2025, penalized by double-digit negative WHL. Q2 2026 Japan Total Net Sales +2.8% vs. Q2 2025, driven by primary DTC*. H1 2026 Japan Total Net Sales -1.0% vs. H1 2025. Note: all data at const. FX. * DTC (Direct To Consumer) channel consists of directly operated mono-brand stores (DOS), as well as e-commerce platforms of direct to customers online sales. 15
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16 202 (44%) 199 (43%) 34 (7%) 27 (6%) 2025 207 (45%) 186 (41%) 36 (8%) 28 (6%) 2026 Shoes Leather Goods & Handbags Silk & Other accessories RTW 462 457 +1.8% +5.6% +2.1% +7.8%+3.7% TOTAL NET SALES, €M H1 2026 NET SALES BY PRODUCT -3.1%-6.6% +5.7%+2.7% Curr FX Const FX -1.3% YOY var, % Shoes +8.1% in Q2 and +5.7% in H1 2026, driven by the increasingly focused product offering and a targeted communication. Leather Goods and Handbags -0.7% in Q2 and -3.1% in H1 2026, due to negative WHL, while DTC* up mid-single-digit in both Q2 and H1. Silk & Other Accessories +9.0% in Q2 and +7.8% in H1 2026, with both the DTC* and WHL positive. Ready -to-Wear +7.9% in Q2 and +5.6% in H1 2026, with positive DTC* more than offsetting negative WHL. Note: all data at const. FX. * DTC (Direct To Consumer) channel consists of directly operated mono-brand stores (DOS), as well as e-commerce platforms of direct to customers online sales.
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17 H1 2026 P&L DTC/WHL mix positive FX negative Gross Margin H1 2026 Gross Profit at €324m vs. €321m in H1 2025, with incidence on Revenues at 69.2% vs. 67.7% in H1 2025, reflecting an improved full-price mix and continued trading-up trends.. H1 2026 Net Operating Costs -6.4% (-3.6% at const. FX) vs. H1 2025 adjusted operating costs (excluding the Impairment Test impact), reflecting ongoing processes optimization, organizational streamlining and disciplined cost management. H1 2026 Operating Profit (EBIT) at €21m vs. negative €3m adjusted (excluding the € 41 million negative cost component of the Impairment Test) in H1 2025. H1 2026 Net Profit , including the Minority Interest, at €1.5m vs. negative €16m adjusted (excluding the Impairment Test impact) in H1 2025. (Euro MM) 2026 % 2025 % Δ % Net Revenues 467.8 100.0% 473.9 100.0% -1.3% Cost of goods sold (143.9) -30.8% (153.1) -32.3% -6.0% Gross profit 323.9 69.2% 320.8 67.7% 0.9% Total operating costs (303.0) -64.8% (365.0) -77.0% -17.0% EBIT 20.9 4.5% (44.1) -9.3% nm Impairment - 0.0% (41.2) -8.7% nm EBIT w/o Impairment 20.9 4.5% (2.9) -0.6% nm Financial income (expenses) (4.9) -1.0% (10.3) -2.2% -52.6% Financial ROU (9.7) -2.1% (10.7) -2.3% -9.3% Profit before taxes 6.3 1.4% (65.2) -13.7% nm Income taxes (4.9) -1.0% 7.7 1.6% nm Net income 1.5 0.3% (57.5) -12.1% nm Group net income 1.4 0.3% (57.5) -12.1% nm Income to minorities 0.0 0.0 0.0 0.0% nm EBITDA 89.6 19.2% 72.5 15.3% 23.5% June YTD 17
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18 H1 2026 BALANCE SHEET Net Working Capital as of June 30, 2026, - 9.8% to €220m, from €244m as of June 30, 2025. In particular, Inventories -10.3%. As of 30 June 2026, Investments (CAPEX) at €18m vs. €16m in H1 2025, mainly for the renovation of the retail network. Net Financial Position adjusted* at June 30, 2026, positive for €125, vs. €119m positive at June 30, 2025. Including IFRS16 effect, Net Financial Position at June 30, 2026, negative for €421m, vs. €492m positive at June 30, 2025. * Net Financial Position Adjusted is the Net Financial Position excluding Current and non-current Lease Liabilities. (Euro MM) June 26 YTD June 25 YTD % Tangible assets 188.8 180.6 4.5% Intangible assets 31.2 34.9 -10.6% Right of Use 429.1 464.0 -7.5% Financial assets - - Fixed assets 649.0 679.5 -4.5% Inventory 277.2 309.1 -10.3% Trade receivables 60.5 75.9 -20.3% Trade payables (117.8) (141.4) -16.7% Operating working capital 219.9 243.7 -9.8% Other assets (liabilities) 167.2 192.9 -13.3% Net Asset Disposal for Sales (0.0) 0.1 -100.0% Employee Benefit Liabilities (4.9) (5.6) -13.0% Provisions for risks and charges (22.8) (20.3) 12.4% Net invested capital 1,008.5 1,090.2 -7.5% Shareholders' equity (A) 587.5 598.0 -1.7% Group equity 586.3 596.8 -1.8% Minority interest 1.2 1.2 -0.5% Current financial liabilities (225.0) (206.6) 8.9% Non current financial liabilities (427.8) (495.8) -13.7% Cash & Cash equivalents 231.8 210.2 10.3% Net debt (B) (421.0) (492.3) -14.5% Financial sources (A-B) 1,008.5 1,090.2 -7.5% (Euro MM) June 26 YTD June 25 YTD % Net debt (B) (421.0) (492.3) -14.5% Non Current Lease Liabilities 427.8 495.8 -13.7% Current Lease Liabilities 117.7 115.8 1.6% Lease Liabilities 545.5 611.7 -10.8% Net debt Adjusted 124.5 119.4 4.3%
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19 DOS NETWORK @ 30.06.2026 52 (vs. 54) NORTH AMERICA 32 (vs. 33) CENTRAL & LATIN AMERICA 62 (vs. 64) EMEA 150 (vs. 152) ASIA PACIFIC 53 (vs. 55) JAPAN 349 (vs. 358 @ 31.12.2025) DIRECTLY OPERATED STORES
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H1 2026 Q&A 20 H1 2026 Q&A 20
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ANNEX
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H1 2026 REVENUE BY DISTRIBUTION CHANNEL 22 * DTC (Direct To Consumer) channel consists of DOS and directly managed online boutique/e-commerce platforms. 22 (Euro MM) 2026 2025 Δ % Δ % Const FX Weight on Tot 2026 Weight on Tot 2025 DTC * 363.3 357.0 1.8% 6.1% 77.7% 75.3% Wholesale 93.2 105.4 -11.6% -11.2% 19.9% 22.2% Net Sales 456.5 462.4 -1.3% 2.1% 97.6% 97.6% Hedging 1.7 1.5 18.6% na 0.4% 0.3% Licences & Other Revenues 8.3 8.1 2.2% 2.2% 1.8% 1.7% Rental income 1.3 1.9 -34.0% -29.5% 0.3% 0.4% Total Net Revenues 467.8 473.9 -1.3% 1.9% 100.0% 100.0% June YTD