Basic Net SpA

Quarterly Report • May 2, 2022

Q1 2022 RESULTS CONFERENCE CALL

TORINO, MAY 2ND 2022

EXECUTIVE SUMMARY NETWORK ACTIVITY

Q1 2022

GROUP INTERIM RESULTS Q1 2022

EXECUTIVE SUMMARY

All key indicators show double digit growth in Q1 2022: consolidated revenues up 26% and EBITDA at +55,6% compared to Q1 2021. Extraordinary Shareholders' meeting called to cancel a portion of the treasury shares in portfolio.

TOTAL AGGREGATED SALES

Q1 aggregated sales amounted to € 277,5 mln (+28,0% YoY), led by aggregated sales of licensees (ASL) up 24,0% YoY. Aggregated sales of sourcing centers (ASSC) improved at +39,5% YoY.

GROUP CONSOLIDATED REVENUES

Group consolidated revenues amounted to € 84,6 mln (+26,0% YoY). Direct sales of goods (+23,1% YoY) benefitted from a strong performance of all countries directly managed by the Group.

EBITDA

EBITDA stood at € 14,0 mln (€ 9,0 mln in Q1 2021) driven by higher contribution from all geographies of direct operations. The performance again exceeded the latest pre-Covid period (Q1 2019 at € 12,4 mln).

NFP WITH BANKS

Net Financial Position with banks (excl. IFRS 16), at € 36,6 mln, improves as compared to YE (€ 37,7 mln). NFP under IFRS stands at € 60,0 mln, benefitting from a free cash flow of the period of € 4,6 mln.

01 EXECUTIVE SUMMARY

TOTAL AGGREGATED SALES € 277,5 mln

+28,0% vs Q12021

GROUP CONSOLIDATED REVENUES +26,0% vs Q12021 € 84,6 mln

EBITDA +55,6% vs Q12021 € 14,0 mln

NFP WITH BANKS - € 36,6 mln

+ € 1,1 mln vs YE2021 + € 20,1 mln vs Q12021

Treasury shares Outstanding shares

BASICNET SHARE CAPITAL AS OF 29/04/2022

N° total shares: 60.993.602 N° treasury shares: 10.272.000 Treasury shares Outstanding shares

BASICNET SHARE CAPITAL AFTER WITHDRAWAL

N° total shares: 54.000.000 N° treasury shares: 3.278.398

NETWORK ACTIVITY Q1 2022

AGGREGATED SALES OF LICENSEES (ASL)

+24,0% % vs Q12021

AGGREGATED SALES OF SOURCING CENTERS (ASSC)

+39,5% % vs Q12021

PERFORMANCE / MARKETING

Aggregated Sales of Licensees (ASL, € mln) Aggregated Sales of Sourcing Centers (ASSC, € mln)

PERFORMANCE / MARKETING 02 NETWORK ACTIVITY

€ 198,8 mln € 160,3 mln

ASL – GEOGRAPHIC AREA Q12021

+24,0%

PERFORMANCE / MARKETING

Limited edition special pack for SSC Bari in collaboration with LC23

Sponsorship of the Renault Alpine F1 team in collaboration with K-Way Campaign «#KEEPperforming

Winning Starts Within»

• 10 - World Cup wins for the Italian Ski athletes branded Kappa

PERFORMANCE / MARKETING

The «Snow Protection» initiative keeps granting a 12 month insurance coverage

Presentation of the Q3Q4 collection at Lyon's Sport-Achat Hiver Olympic bronze in snowboard cross for the Briko athlete Omar Visintin

stores in South Korea

store in Boulogne-Billancourt

Emily Ratajkowski is the new Superga Global Ambassador for Q1Q2 2022 Co-lab with the South African beauty

PERFORMANCE / MARKETING

Co-lab with ST!NG, the De Rigo house brand dedicated to young folks

blog Kiss, Blush & Tell

• 13 - Superga colours the shop windows of LaRinascente in Milan

PERFORMANCE / MARKETING

3 days experience in Portugal with the surf champion Leonardo Fioravanti

Collaboration with the European Vampire duo for the new Outsides collection

Opening of the two first South African monobrand stores, in Pretoria and Durban

GROUP INTERIM RESULTS Q1 2022

• 16 -

Net royalties from licensees (€ mln) Direct sales of goods (€ mln) Consolidated real estate revenues (€ mln)

• 18 -

• 19 -