Basic Net SpA

Investor Presentation • Oct 31, 2023

9m 2023 RESULTS CONFERENCE CALL

TURIN, 31 OCTOBER 2023

02 03

EXECUTIVE SUMMARY NETWORK ACTIVITY

9m 2023

GROUP INTERIM RESULTS 9m 2023

EXECUTIVE SUMMARY

01 EXECUTIVE SUMMARY

EBITDA at +1,3% versus prior year, despite the nice weather in September slowed down the good commercial momentum of both direct sales and licensees' performance. NFP with banks grows at € 125,6 mln as the Group anticipated FW23 purchases.

TOTAL AGGREGATED SALES

9m aggregated sales amounted to € 858,4 mln (-7,6% YoY, -17,0% on a Q3 vs Q3 basis) as aggregated sales of sourcing centers (ASSC) were reduced by -16,5% compared to 9m 2022 exceptional purchases following covid and logistics disruption.

GROUP CONSOLIDATED REVENUES

Group consolidated revenues amounted to € 297,5 mln (+5,3% YoY) taking advantage of the strong H1 performance. Direct sales of goods, despite the slow down in Q3 as September was marked by enduring nice weather that delayed FW retail purchases, are at +8,6% YoY.

EBITDA

EBITDA stood at € 44,7 mln (€ 44,1 mln in 1H 2022) driven by a strong contribution from the K-Way brand including the newly acquiree French licensee, as all brands report a higher contribution on direct sales. Increased spending in sponsorship and communication aimed at foster and sustain long term growth.

NFP WITH BANKS

Net Financial Position with banks, at € 125,6 mln (compared to € 93,9 mln at YE 2022) as the Group has paid the first instalment of K-Way France earn-out and distributed roughly € 9,0 mln in dividends. Operating cash flow affected by anticipated purchases to better and timely serve the market. - 3 -

TOTAL AGGREGATED SALES (TAS) € 858,4 mln

-7,6% vs 2022 (€ 929,4 mln)

+5,3% vs 2022 (€ 282,6 mln) € 297,5 mln GROUP CONSOLIDATED REVENUES

EBITDA +1,3% vs 2022 (€ 44,1 mln) € 44,7 mln

NFP WITH BANKS - € 125,6 mln

- € 31,7 mln vs YE2022 (- € 93,9 mln)

NETWORK ACTIVITY 9m 2023

ASL – GEOGRAPHIC AREA 02 NETWORK ACTIVITY

in € million	30.09.23	in %	30.09.22	in %	Var	Var %
Europe	444,6	71,1%	416,9	64,1%	27,7	6,6%
Asia and Oceania	41,3	6,6%	55,2	8,5%	(13,9)	-25,1%
Americas	64,0	10,2%	93,4	14,4%	(29,5)	-31,5%
Middle East and Africa	75,3	12,0%	84,4	13,0%	(9,1)	-10,8%
Total ASL	625,2	100,0%	649,9	100,0%	(24,8)	-3,8%

Q3 MARKETING ACTIVITY 02 NETWORK ACTIVITY

Robe di Kappa launched the co-lab with Haribo

Event held in BVM with Alpine pilots in occasion of the Monza GP

Batman capsule collection presented with Hell Raton

Q3 MARKETING ACTIVITY

BRIKO at the Italian Bike Festival

Presentation of the new official Bardiani helmet

Q3 MARKETING ACTIVITY

Special co-lab with Comme des Garçons for the US Open of Surfing

Pop Up Store at La Samaritaine (Paris)

The first co-lab with Maison Soeur is unveiled

K-Way Event at BVM for the Milan Fashion Week

K-Way is the main sponsor at Ortigia Sound System Festival 2023

NETWORK ACTIVITY 02 AT 30/09/2023

Q3 MARKETING ACTIVITY

First co-lab with the Singapore-based art collective Slimy Oddity

Superga takes part to the Barbie The Movie premiere

Limited edition capsule for the 30 years of Viktor&Rolf

Presentation of the new Marine Collection at the Salone Nautico di Genova

Q3 MARKETING ACTIVITY

Presentation of new Docksides models at the 55° edition of La Barcolana

The event Sebago Drive-In celebrates classic cars and timeless elegance

GROUP INTERIM RESULTS 9m 2023

CONSOLIDATED REVENUES

• 15 -

NET FINANCIAL POSITION

in € .000	30.09.23	in %	31.12.22	in %	30.09.22	in %
Sub-total net money holdings	(68.789)	40,86%	(26.439)	24,40%	(27.681)	18,70%
Short-term portion of m/l term loans	(14.681)		(15.423)		(15.077)
Short-term net financial position	(83.470)	49,58%	(41.862)	34,80%	(42.758)	29,50%
Long-term portion of m/l term loans	(42.030)		(51.756)		(55.794)
Financial leasing payables	(116)		(259)		(319)
Sub-total loans and leasing payables	(42.146)	25,04%	(52.014)	26,00%	(56.113)	36,70%
Net financial position with banks	(125.616)	74,62%	(93.876)	60,80%	(98.870)	66,30%
Right of use debts	(32.990)		(30.734)		(32.106)
Payables for future acquisition of company shares	(9.738)		(17.081)		(13.598)
Net financial position	(168.345)	100,00%	(141.691)	100,00%	(144.574)	100,00%

NET FINANCIAL POSITION WALK 03 GROUP INTERIM RESULTS

GLOSSARY AND ALTERNATIVE PERFORMANCE MEASURES

Commercial licensees or licensees	independent business owners, granted licenses to distribute Group brand products in their respective regions
Productive licensees or sourcing centers	third-party entities whose function is to manufacture goods branded with the Group brands for the exclusive sale to Commercial licensees or to Group companies
Total Aggregated Sales (TAS)	the sum of Aggregated Brand Sales (ASL) and Aggregated Sales of Sourcing Centers (ASSC)
Aggregated Brand Sales (ASL)	sales by commercial licensees – that generate royalties for BasicNet Group – and sales by the Group companies
Aggregated Sales of Sourcing Centers (ASSC)	sales by productive licensees – that generate sourcing commissions for BasicNet Group
Consolidated revenues	the sum of royalties, sourcing commissions, sales of products made by BasicNet Group companies and real estate revenues
EBITDA	"operating result" before "amortisation and depreciation"
Net Financial Position	total of current and medium/long-term financial payables, less cash and cash equivalents and other current financial assets
Net Financial Position with banks	Net Financial Position, excluding IFRS 16 and financial liabilities for the acquisition of businesses

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