Moncler Spa · MIL:MONC
Moncler Spa — H1 2022 Earnings Presentation
26 slides from Moncler Spa's earnings presentation, 2022
Slide 1: Financial Results
FINANCIAL RESULTS
Slide 2: Remo Ruffini quote on Moncler and Stone Island anniversaries
Slide 3: Moncler Brand
® Moncler Brand Together we stand Moncler Brand oO" H1 2022 Financial Results 3 ts “TogetHER we stand” brand statement in support of women rights: the Group will offer travel and lodging to any of the colleagues in need of safe reproductive care options that are not ensured where they live. Moncler
Slide 4: Moncler Brand Highlights
H1 2022 Financial Results 4 Moncler Brand Highlights Moncler Genius Launch of Moncler Genius x Gentle Monster, including pop-up executions and communication campaign. Launch of Moncler Genius x JWA across retail, press and social media, with some strong impact on editorial content around the globe.
Slide 5: Stone Island Brand Highlights
H1 2022 Financial Results 5 Stone Island BRAND Highlights UK Increased control of the market thru direct management of some relationships with key wholesale partners, the e-commerce since the end of June and the physical London store shortly. Stone Island x Supreme The seventh collaboration between
Slide 6: H1 2022 Results Key Highlights
Moncler Group H1 2022 Financial Results H1 2022 Results Key Highlights’ CONTINUED SOLID DOUBLE-DIGIT GROWTH IN Q2 FOR BOTH BRANDS. GROUP REVENUES HI revenues EUR 918.4m, +46% vs 2021 Q2 revenues EUR 328.5m, +26% vs 2021 MONCLER REVENUES HI revenues EUR 724.3m, +27% vs 2021 Q2 revenues EUR 250.9m, +2
Slide 7: Moncler - Revenues by Geography
H1 2022 Financial Results 7 MONCLER — Revenues by GEOGRAPHY HI 2022 Moneler brand revenues reached ASIA (which includes APAC, Japan and Korea) in EMEA revenues increased in Q2 by 32% vs 2021 and 18% vs 2019, EUR 724m, +27% vs 2021 (+28% vs 2019). Q2 reported +18% vs 202] and +30% vs 2019, driven by
Slide 8: Moncler - Revenues by Channel
H1 2022 Financial Results MONCLER — Revenues by CHANNEL Moncler DTC! revenues reached EUR 556m in HI 2022, In the second quarter DIC revenues reported +31% vs 2021 (+29% vs 2019). +27% vs 2021 and +24% vs 2019, driven by the strong local demand in all markets, with Korea CSSG at +19% in HI 2022, not
Slide 9: Moncler Direct Online
Ff 2022 PERFORMANCE .com KPls Traffic "logged in" customers Product page view Average order value Revenues! (1) Direct online includes revenues from .com and e-concession H1 2022 Financial Results Moncler Direct Online vs 2021 c. +20% c. +150% c. +60% c. 110% +61% cFX China Focus . Strong performanc
Slide 10: Stone Island - Revenues by Geography
@ H1 2022 Finonctol Results r STONE ISLAND — Revenues by GEOGRAPHY Stone Island revenues reached EUR 194m in HI 2022, Italy, France and Germany, representing 40% of — ASIA (which includes APAC, Japan and Korea) reported +107% vs 2021 +33% vs 2021 pro-formal, with Q2 up +35% vs 2021, the Brand's reve
Slide 11: Stone Island - Revenues by Channel
@ H1 2022 Finoncial Results " STONE ISLAND — Revenues by CHANNEL Stone Island wholesale business grew 8% in Q2 vs Stone Island DTC revenues in Q2 grew 106% vs Korean DTC business after the internalisation is performing well driven 2021, driven by all the main markets, notwithstanding 2021 with solid
Slide 12: Group Mono-Brand Store Network
Moncler Group H1 2022 Financial Results 7] Group Mono-Brand Store Network Group retail network counted 292 DOS as of 30 June: Changes occurred in Q2 * 238 Moncler * Moncler: opening of Sydney airport and closure of Paris Printemps du Louvre * 54 Stone Island * Stone Island: no change in the quarter
Slide 13: UA ! I
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Slide 14: Group Income Statement
Moncler Group H1 2022 Financial Results Group Income Statement Gross margin decrease in HI 2022 vs HI 2021 due to the higher incidence of wholesale arising from the six months consolidation of the Stone Island brand The Stone Island brand tax value realignment generated a tax saving of EUR 92.3m ent
Slide 15: Net Capex
Moncler Group H1 2022 Financial Results Net Capex Consolidated capex reached EUR 36.5m in Hl 2022, Infrastructure capex with an incidence on revenues of 4.0% compared with production, logistic EUR 49.8m in Hl 2021, which included EUR Tl.Im of one off key money ely due to investments in Stone Island
Slide 16: Net Working Capital
Moncler Group H1 2022 Financial I Results Net Working Capital Net working capital reached EUR 187.2m as of 30 June Continued the great control of working capital 2 022, equal to 8.0% of LTM revenues. levels at both brands. (EURM) % INCIDENCE on LTM revenues 8.0% 9.6% 7.0% 187.2 180.0 148.8 (334.2) (
Slide 17: Net Financial Position
7 Moncler Group H1 2022 Financial Results Net Financial Position’ In H1 2022 the Group absorbed EUR 373.3m of At 30 June 2022, lease liabilities were equal to EUR 739.9m, compared net cash, after the payment of EUR 156.4m with EUR 710.1 at 31 December 2021 and EUR 734.9m at 30 June dividend, EUR 48.
Slide 18: Balance Sheet Statement
Moncler Group Balance Sheet Statement H1 2022 Financial Results At 30 June 2022, other non-current assets/(liabilities) are net of EUR 216.3m deferred tax liabilities used in the Stone Island brand tax value realignment 30/06/2022 31/12/2021 30/06/2021 EUR m EUR m EUR m Intangible assets 1,671.9 1,6
Slide 19: Cash Flow Statement
Moncler Group H1 2022 Financial Results Cash Flow Statement 19 HI 2022 H1 2021 FY 2021 EUR m EUR m EUR m EBIT 180.2 92.8 603.1 D&A 51.0 42.0 88.8 Other non cash adjustments 47 71 11.8 Change in net working capital (38.3) 61.2 92.3 Change in other assets/(liabilities) (342.6) (77.2) 518 Capex, net (3
Slide 20: Sustainability Update
20 Moncler Group H1 2022 Financial Results Sustainability Update Climate Change Moncler Group commits to net-zero by 2050. Think Circular & Bold Moncler Born to Protect Spring / Summer 2022 collection well received. Stone Island's launch of cotton upcycling product range from production scraps. Ongo
Slide 21: Appendix
Moncler Group APPENDIX H1 2022 Financial Results a
Slide 22: EBITDA Reconciliation
Moncler Group H1 2022 Financial Results 22 EBITDA reconciliation’ H1 2022 H12021 FY 2021 EURm So EURm % EURm % D&A 51.0 5.6% 48.4 7.8% 88.8 4.3% Rights-of-use-amortisation 74.4 8.1% 63.9 10.3% 137.5 6.7% Stock-based compensation 16.0 1.7% 4.9 2A 28.6 14% Rents associated to rights-of-use (85.6) (9.3
Slide 23: 2019-2021 Half-Year Income Statement
Moncler Group H1 2022 Financial Results 2019-2021 Half-Year Income Statement 23 REVENUES. YoY performance GROSS MARGIN Selling 12021 EUR m (229.9) % (37.0%) H2 2021 EUR m (358.4) (25.2%) H1 2020 EUR m (190.9) (272.6) H2 2020 % H1 2019 EUR m % 76.7% H2 2019 EUR m |s28.1 % FY 2021 EUR m 2,046.1 1,566.
Slide 24: 2022 Revenues Quarterly Performance
Moncler Group H1 2022 Financial Results 2022 Revenues Quarterly performance 26. Group al 22 vs 21] 22 vs 19] @2 22 vs 21] 22 vs 19] HI 22 vs 21] 22 vs 19 EURm 2022 2021 2019 | cFX cFX 2022 2021 2019 cFX cFX 2022 2021 2019 | cFX cFX Moncler 473.4 3655 378.5 | +29% | +27% | 2509 200.1 1917 | +23% |+30
Slide 25: Shareholding, Events, IR Contacts
25 Moncler Group H1 2022 Financial Results Shareholding, Events, IR contacts 26 October 2022 9M 2022 Interim Management Statement SHAREHOLDING IR CONTACTS Double R S.r 23.8% 65.1 ALICE POGGIOLI Investor Relations Senior Manager MARKET [email protected] Morgan Stanley Investment Management C
Slide 26: Disclaimer
Moncler Group H1 2022 Financial Results 26 Disclaim This presentation is being furnished to you solely for your information and may not be reproduced or redistributed to any other person. This presentation might contain certain forward-looking statements that reflect the Company's management's curre