Moncler Spa · MIL:MONC
Moncler Spa — Investor Presentation (March 2026)
51 slides from Moncler Spa's investor presentation, March 2026
Slide 1: Corporate Presentation: Stone Island joins Moncler Group
B EYON D F A S HION, B EYON D L U X U RY —STONE I S L AND J OI NS M ON C LER CORPORATE PRESENTATION
Slide 2: Index
CORPORATE PRESENTATION 2 INDEX 01 GROUP OVERVIEW 02 A HISTORY OF EVOLUTION, TRANSFORMATION AND GROWTH 03 BRANDS 04 FINANCIALS
Slide 3: Group Overview
CORPORATE PRESENTATION 3 01 GROUP OVERVIEW
Slide 4: Moncler Group
CORPORATE PRESENTATION 4 MONCLER GROUP Moncler Group, with its two brands – Moncler and Stone Island – represents the expression of a new concept of luxury that goes beyond conventions and is always in search of uniqueness, creativity and innovation. Alongside supporting its brands through shared co
Slide 5: Vision
CORPORATE PRESENTATION 5 VISION Moncler Group shapes contemporary luxury, always pushing beyond the boundaries of what is expected.
Slide 6: Ambition
CORPORATE PRESENTATION 6 AMBITION “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 sustaina
Slide 7: FY 2025 Highlights
CORPORATE PRESENTATION 7 FY 2025 HIGHLIGHTS EUR 3,132.1m (+3 cFX %) 29.2% EUR 1,458.0 m GROUP EBIT MARGIN GROUP NET FINANCIAL POSITION (1) GROUP REVENUES EUR 626.7m 390 8,533 GROUP NET RESULT RETAIL STORES EMPLOYEES This applies to all pages of this presentation if not otherwise stated: comments at
Slide 8: Brands
CORPORATE PRESENTATION 8 BRANDS Moncler was founded in 1952 in Monastier - de - Clermont, near Grenoble, with a focus on mountain Stone Island, founded in 1982 by Massimo Osti in Ravarino , Emilia Romagna, is an apparel brand sportswear. Since 2003, under the leadership of Remo Ruffini, the brand ha
Slide 9: Global Presence
CORPORATE PRESENTATION 9 GLOBAL PRESENCE FY 2025 EMEA Moncler Stone Island 98 DOS 32 DOS AMERICAS ASIA Moncler 7 DOS Stone Island Moncler Stone Island 51 DOS 9 DOS 146 DOS 54 56 DOS 31.12.2025 31.12.2024 31.12.2023 MONCLER STONE ISLAND MONCLER STONE ISLAND MONCLER STONE ISLAND RETAIL 295 95 286 90 2
Slide 10: Business Approach
CORPORATE PRESENTATION 10 BUSINESS APPROACH CONTROLLING THE VALUE OF NURTURING COMMUNITIES AND FOSTERING INNOVATION TO SHAPE ENSURING AN ELEVATED AND GROWING RESPONSIBLY EXCELLENCE CULTURAL RELEVANCE OUR FUTURE CONSISTENT MULTICHANNEL EXPERIENCE Moncler Group protects and Moncler Group nurtures a cu
Slide 11: Group Key Sustainability Achievements
CORPORATE PRESENTATION 11 GROUP KEY SUSTAINABILITY ACHIEVEMENTS SUSTAINABILITY REPORTING UPDATE MSCI ESG RESEARCH CDP S&P GLOBAL FTSE4Good INDEX SERIES Top score "AAA" Top score "A" For the seventh consecutive year, highest For the first time in the FTSE4Good Index score (90/100) in the S&P Global C
Slide 12: Corporate Governance Model
CORPORATE PRESENTATION 12 CORPORATE GOVERNANCE MODEL Shareholders‘ Meeting Audit Firm Board of Statutory Auditors Manager in charge of Supervisory Body Ex preparing corporate Board of Directors Internal Audit Department Legislative Decree accounting documents 231/2001 Compliance Control, Risks and N
Slide 13: Board of Directors
CORPORATE PRESENTATION 13 BOARD OF DIRECTORS REMO RUFFINI MARCO DE BENEDETTI ALEXANDRE ARNAULT FRANÇOIS - HENRI BENNAHMIAS CESARE CONTI Chairman and Chief Executive Vice - Chairman and Non - Executive Non - Executive Director Independent Director Independent Director Officer Director ROBERTO EGGS BE
Slide 14: A History of Evolution, Transformation and Growth
CORPORATE PRESENTATION 14 02 A HISTORY OF EVOLUTION, TRANSFORMATION AND GROWTH
Slide 15: Group History
CORPORATE PRESENTATION 15 GROUP HISTORY 2003 2013 2014 2019 2021 REMO RUFFINI ACQUIRES THE LISTING --- MONCLER JOINS THE FTSE MIB - MONCLER IN THE DOW JONES STONE ISLAND JOINS MONCLER MONCLER ------ -- ---- BEST - IN - CLASS WORLD INDEX --- GROUP -- Remo Ruffini, current chairman and On December 16,
Slide 16: A History of Evolution, Transformation and Growth
CORPORATE PRESENTATION 16 A HISTORY OF EVOLUTION, TRANSFORMATION AND GROWTH Revenues (EUR M) REMO RUFFINI HAUTE COUTURE & IPO MONCLER COVID STONE ISLAND JOINS +20% ACQUIRES MONCLER GRENOBLE COLLECTIONS GENIUS MONCLER GROUP > 3 BN 2003 — 2025 CAGR >2 BN >1 BN 2003 2004 2005 2006 2007 2008 2009 2010 2
Slide 17: A Unique Growth Path, While Maintaining Operational Discipline
CORPORATE PRESENTATION 17 A UNIQUE GROWTH PATH, WHILE MAINTAINING OPERATIONAL DISCIPLINE 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2,984 3,109 3,132 2,603 2,046 1,628 1,440 1,420 1,040 1,194 694 880 581 REVENUES (EUR M) 916 913 775 894 492 603 298 341 414 369 166 202 253 EBIT
Slide 18: Brands
CORPORATE PRESENTATION 18 03 BRANDS
Slide 19: CORPORATE PRESENTATION
CORPORATE PRESENTATION
Slide 20: Moncler Distribution Network and Revenues Breakdown
CORPORATE PRESENTATION 20 MONCLER DISTRIBUTION NETWORK AND REVENUES BREAKDOWN FY 2025 FIGURES EMEA 98 DOS AMERICAS ASIA 51 DOS 146 DOS REVENUES BY REVENUES BY GEOGRAPHY CHANNEL WHOLESALE AMERICAS 14% 13% 52% ASIA 34% EMEA 87% DTC
Slide 21: An Ever-Evolving Brand
CORPORATE PRESENTATION 21 AN EVER - EVOLVING BRAND. THE BRAND OF EXTRAORDINARY 1952 1968 1980s 2006 2018 2022 Origins Olympics City icons Moncler Gamme Rouge Moncler Genius 70 th Anniversary
Slide 22: Unleash the Extraordinary in Everybody
CORPORATE PRESENTATION 22 UNLEASH THE EXTRAORDINARY IN EVERYBODY MONCLER BRAND VALUES AND PURPOSE CREATE AND PROTECT PUSH FOR HIGHER PEAKS ONE HOUSE ALL VOICES EMBRACE CRAZY BE WARM TOMORROW We constantly strive for better, as We love to bring all voices in, letting We strive for timeless brand We w
Slide 23: A Consumer Centric & Community Obsessed Brand
CORPORATE PRESENTATION 23 A CONSUMER CENTRIC & COMMUNITY OBSESSED BRAND
Slide 24: A Unique Brand Positioning for a Complementary Brand Offence
CORPORATE PRESENTATION 24 A UNIQUE BRAND POSITIONING FOR A COMPLEMENTARY BRAND OFFENCE ONE BRAND, THREE DIMENSIONS GRENOBLE COLLECTION GENIUS
Slide 25: Moncler Collection
CORPORATE PRESENTATION 25 MONCLER COLLECTION 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
Slide 26: Moncler Collection: Our Core
CORPORATE PRESENTATION 26 MONCLER COLLECTION 01 OUR CORE. SS / FW ACROSS APPAREL, FOOTWEAR, EQUIPMENT, MEN, WOMEN, ENFANT.
Slide 27: Moncler Collection
CORPORATE PRESENTATION 27 MONCLER COLLECTION
Slide 28: Moncler Grenoble
CORPORATE PRESENTATION 28 MONCLER GRENOBLE 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
Slide 29: Moncler Grenoble: High Performance and High Style
CORPORATE PRESENTATION 29 MONCLER GRENOBLE 02 A PERFECT BLEND OF HIGH PERFORMANCE AND HIGH STYLE FOR AN “ALL YEAR AROUND” PROPOSITION IN THE PERFORMANCE LUXURY SPACE.
Slide 30: Moncler Grenoble
CORPORATE PRESENTATION 30 MONCLER GRENOBLE
Slide 31: Moncler Genius
CORPORATE PRESENTATION 31 MONCLER GENIUS 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
Slide 32: Moncler Genius: Exploration and Collaboration
CORPORATE PRESENTATION 32 MONCLER GENIUS 03 A SPACE FOR ON - GOING EXPLORATION AND COLLABORATION, INFLUENCING CONTAMINATING THE WORLD OF ART, ENTERTAINMENT, MUSIC, SPORT, DES & IGN AND MORE.
Slide 33: Moncler Genius
CORPORATE PRESENTATION 33 MONCLER GENIUS
Slide 34: Slide 34
Slide 35: Stone Island Distribution Network and Revenues Breakdown
CORPORATE PRESENTATION 35 STONE ISLAND DISTRIBUTION NETWORK AND REVENUES BREAKDOWN FY 2025 FIGURES EMEA 32 DOS AMERICAS ASIA 9 DOS 54 DOS REVENUES BY REVENUES BY GEOGRAPHY CHANNEL AMERICAS WHOLESALE ASIA 6% 28% 45% 55% 65% DTC EMEA
Slide 36: A Long and Successful Story, With Well-Defined Eras and Milestones
CORPORATE PRESENTATION 36 A LONG AND SUCCESSFUL STORY, WITH WELL - DEFINED ERAS AND MILESTON ES 1980s 1990s 2020 2023 2024 Inception The Rivetti Family took full Stone Island joins the Moncler Robert Triefus appointed CEO The Next Chapter: new global control Group communication campaign and e- comme
Slide 37: Values and Mission
CORPORATE PRESENTATION 37 VALUES AND MISSION SPREAD THE CULTURE: TO NEW TERRITORIES & NEW COMMUNITIES 01 LAB LIFE CULTURE 02 ENDLESS PASSION FOR LAB is the constant, deep and relentless research into the ENDLESS KNOW - HOW transformation and enhancement of fibres and fabrics, which leads The product
Slide 38: Collection Architecture
CORPORATE PRESENTATION 38 COLLECTION ARCHITECTURE ONE MAIN LINE, A CAPSULE COLLECTION, THREE SUB - COLLECTIONS STONE ISLAND MAIN STONE ISLAND DENIM RESEARCH STONE ISLAND GHOST STONE ISLAND MARINA STONE ISLAND STELLINA
Slide 39: Stone Island Main
CORPORATE PRESENTATION 39 STONE ISLAND MAIN 01 CORE PRODUCT. PERFORMANCE EQUIPMENT FOR THOSE WHO FOLLOW THEIR OWN PATH.
Slide 40: Stone Island Denim Research
CORPORATE PRESENTATION 40 STONE ISLAND DENIM RESEARCH 02 RESEARCH ORIENTED / INNOVATION & DESIGN . FOR THOSE WHO ARE EXPLORING NEW POSSIBILITIES, WHILE REFLECTING ON DENIM ORIGINS .
Slide 41: Stone Island Ghost
CORPORATE PRESENTATION 41 STONE ISLAND GHOST 03 LUXURY INSPIRED / PINNACLE PRODUCT. ELEVATED EQUIPMENT FOR THOSE SHAPING THEIR COURSE.
Slide 42: Stone Island Marina
CORPORATE PRESENTATION 42 STONE ISLAND MARINA 04 HERITAGE INSPIRED / FASHION ORIENTED. FOR THOSE WITH A VINTAGE SENSIBILITY.
Slide 43: Stone Island Stellina
CORPORATE PRESENTATION 43 STONE ISLAND STELLINA 05 URBAN - TECH INSPIRED / UNDERSTATED STYLE. HIGH PERFORMANCE GEAR FOR REAL LIFE.
Slide 44: Financials
CORPORATE PRESENTATION 44 04 FINANCIALS
Slide 45: 2023-2025 Full-Year Income Statement
CORPORATE PRESENTATION 45 2023 - 2025 FULL -YEAR INCOME STATEMENT FY 2025 FY 2024 FY 2023 EUR m % on rev. EUR m % on rev. EUR m % on rev. REVENUES 3,132.1 100.0% 3,108.9 100.0% 2,984.2 100.0% YoY performance +1% +4% +15% GROSS PROFIT 2,446.2 78.1% 2,426.6 78.1% 2,300.8 77.1% Selling (956.0) (30.5%)
Slide 46: 2023-2025 Half-Year Income Statement
CORPORATE PRESENTATION 46 2023 - 2025 HALF -YEAR INCOME STATEMENT H1 2025 H2 2025 FY 2025 H1 2024 H2 2024 FY 2024 H1 2023 H2 2023 FY 2023 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 1,225.7 1
Slide 47: 2025 Revenues Quarterly Performance
CORPORATE PRESENTATION 47 2025 REVENUES QUARTERLY PERFORMANCE Q1 25 vs 24 Q2 25 vs 24 Q3 25 vs 24 Q4 25 vs 24 EUR m 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX MONCLER 721.8 705.0 2% 317.2 336.3 (2%) 514.2 532.0 (1%) 1,167.7 1,134.1 6% STONE ISLAND 107.3 113.0 (5%) 79.4 75.9 +6% 101.4 10
Slide 48: 2025 Revenues YTD Performance
CORPORATE PRESENTATION 48 2025 REVENUES YTD PERFORMANCE Q1 25 vs 24 H1 25 vs 24 9M 25 vs 24 FY 25 vs 24 EUR m 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX MONCLER 721.8 705.0 2% 1,039.0 1,041.3 1% 1,553.2 1,573.3 0% 2,720.9 2,707.3 3% STONE ISLAND 107.3 113.0 (5%) 186.7 188.9 (1%) 288.1 2
Slide 49: 2023-2025 Balance Sheet Statement
CORPORATE PRESENTATION 49 2023 - 2025 BALANCE SHEET STATEMENT 31/12/2025 31/12/2024 31/12/2023 EUR m EUR m EUR m Brands 999.4 999.4 999.4 Goodwill 603.4 603.4 603.4 Fixed assets 589.3 510.1 442.1 Right - of- use assets 1,018.3 848.2 737.5 Net working capital 303.6 255.5 240.2 Other assets / (liabili
Slide 50: 2023-2025 Cash Flow Statement
CORPORATE PRESENTATION 50 2023 - 2025 CASH FLOW STATEMENT (1) FY 2025 FY 2024 FY 2023 EUR m EUR m EUR m EBIT 913.4 916.3 893.8 D&A & Other non - cash adjustments 119.7 136.7 129.5 Change in net working capital (48.1) (15.3) (48.5) Change in other assets / (liabilities) 5.7 (18.6) 3.7 Net capex (215.
Slide 51: Moncler
MONCLER