Basic Net SpA

Investor Presentation • Feb 12, 2025

2024 PRELIMINARY RESULTS CONFERENCE CALL

TURIN, 12TH FEBRUARY 2025

02 03

EXECUTIVE SUMMARY NETWORK ACTIVITY

FY 2024

GROUP INTERIM RESULTS FY 2024

EXECUTIVE SUMMARY

12m Consolidated revenues and EBITDA grow at an historic high, with a Q4 performance of double digit growth Y-o-Y in both direct sales and royalties from licensees. Net indebtedness with banks in continuous reduction compared to 2023 after dividends and buyback.

TOTAL AGGREGATED SALES

01 EXECUTIVE SUMMARY

12m aggregated sales amounted to € 1.178,5 mln (+3,3% YoY) with mixed performances across the Brands. Aggregated sales of sourcing centers (ASSC) were reduced by -2,3% compared to 2023 as the rationalization of direct purchases continues. ASL went up +5,4% on a Yo-Y basis thanks to a roaring Q4 (+23,7%).

GROUP CONSOLIDATED REVENUES

Group consolidated revenues amounted to € 409,2 mln (+3,1% YoY, +13,9% Q4 24 vs Q4 23) reaching the peak in BasicNet history: after a sloppy start of the year for direct sales, the steady recovery in Q2 and Q3 has translated into a strong DTC activity in Q4. Royalties from licensees followed the same dynamics as aggregated sales.

EBITDA

EBITDA stood at € 61,1 mln (€ 58,1 mln in 2023) – equally an historic high for the Group. Q4 contributed + € 7,0 mln compared to 2023 with strong contribution from both direct activities and revenues from licensees, driving an improvement in the absorption of fixed and general costs.

NFP WITH BANKS

Net Financial Position with banks at € 90,8 mln (compared to € 92,6 mln at YE 2023). Operating cash flow of the quarter has been extremely positive with a peak in December, consistently with the usual seasonality. The buy-back activity has seen an uprise compared to Q3 YTD as the overall market volumes have increased.

TOTAL AGGREGATED SALES (TAS) € 1.178,5 mln € 409,2 mln

CONSOLIDATED REVENUES

NETWORK ACTIVITY FY 2024

ASL – GEOGRAPHIC AREA 02

in € million	31.12.24	in %	31.12.23	in %	Var	Var %
Europe	662,7	76,6%	591,1	72,1%	71,6	12,1%
Asia and Oceania	43,3	5,0%	55,9	6,8%	(12,7)	-22,6%
Americas	58,2	6,7%	73,9	9,0%	(15,7)	-21,3%
Middle East and Africa	100,5	11,6%	99,1	12,1%	1,5	1,5%
Total ASL	864,7	100,0%	820,0	100,0%	44,7	5,4%

NETWORK ACTIVITY 02 FY 2024

Q4 MARKETING

KAPPA | GENOA CFC RDK | LA POLO BRIKO | XMASTER

WINNING STARTS WITHIN BRIKO | BARDIANI KAPPA | POMPEII

KAPPA | TRIESTINA

Q4 MARKETING

KAPPA | WARNER KAPPA | TORINO CITY MARATHON KAPPA | KALLITHEA FC KAPPA | SERIE B

KAPPA X EQUIPO FC BRIKO | ESPLORA KAPPA | UFL KAPPA | FC VERSAILLES

Q4 MARKETING

K-WAY X DIEMME

NEW STORE OPENINGS LA

11

R&D FW 24 COLLECTION

CERVINIA GONDOLA LIFTS VALLÉE, CHAMONIX

K-WAY X WOOLMARK

NETWORK ACTIVITY 02 FY 2024

Q4 MARKETING

SUPERGA X MAKNA

Q4 MARKETING

GROUP INTERIM RESULTS FY 2024

CONSOLIDATED REVENUES

CONSOLIDATED REVENUES

NET FINANCIAL POSITION

in € .000	31.12.24	in %	31.12.23	in %	Var	Var%
Sub-total net money holdings	(51.370)	36,2%	(39.059)	28,1%	(12.311)	31,5%
Short-term portion of m/l term loans	(11.214)		(14.330)		3.116
Short-term net financial position	(62.585)	44,1%	(53.390)	38,4%	(9.195)	29,5%
Long-term portion of m/l term loans	(27.922)		(39.136)		11.214
Financial leasing payables	(284)		(77)		(206)
Sub-total loans and leasing payables	(28.206)	19,9%	(39.214)	28,2%	11.008	-28,1%
Net financial position with banks	(90.791)	64,0%	(92.603)	66,6%	1.813	-2,0%
Right of use debts	(43.080)		(36.778)		(6.302)
Payables for future acquisition of company shares	(8.081)		(9.738)		1.657
Net financial position	(141.952)	100,0%	(139.119)	100,0%	(2.833)	2,0%

NET FINANCIAL POSITION WALK

- € 92,6 mln

• 19 -

- € 90,8 mln

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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