Salvatore Ferragamo

Investor Presentation • Mar 6, 2025

9M 2024 RESULTS UPDATE FY 2024 Immagine da aggiornare sfilata FY 2024 Dal 4 marzo RESULTS UPDATE

ANALYST PRESENTATION ANALYST PRESENTATION

OCTOBER 15, 2024 MARCH 06, 2025 MARCH 06, 2025

DISCLAIMER

This presentation contains forward-looking statements regarding future events and results of the Company that are based on the current expectations, projections and assumptions of the management of the Company.

The actual results may differ materially from those expressed in any forward-looking statement and the Company does not assume any liability with respect thereto.

This document has been prepared solely for this presentation and does not constitute any offer or invitation to sell or any solicitation to purchase any share in the Company.

The Manager in Charge of preparing the Company financial reports hereby certifies pursuant to paragraph 2 of art. 154-bis of Legislative Decree no. 58 of February 24, 1998, that the accounting disclosures of this document are consistent with the accounting documents, ledgers and entries.

In 2024 we faced a complex market context, characterized by ongoing geopolitical tensions and macroeconomic uncertainties, impacting the demand for luxury goods . The sector faced a difficult phase, mainly driven by the slowdown of Asian markets, with a particularly difficult environment in China, and a challenging global wholesale environment .

This market context, characterized by a particularly challenging first part of the year, negatively affected our full -year financial results, both for revenues and profitability, the latter further impacted by a non -cash impairment charge .

We continued to enrich our product offer, developing marketing and retail actions to strengthen the potential of the brand and to drive desirability and engagement through elevated in -store and on -line experience, while maintaining a constant operational discipline . In Q 4 , these efforts translated into positive results in our primary DTC channel, driven by the performance of handbags and shoes, in particular thanks to our new icons, the Hug bag and the Zina ballet shoe . In H 2 gross margin was impacted by higher write -downs on inventory, while total operating costs were down mid -single digit versus last year, thanks to ongoing focused control on the cost base and normalized Marketing and Communication expenses .

Outlook

Considering the uncertainties over demand by luxury consumers, we remain cautious on short -term expectations . We will continue to strengthen our product offer, leveraging on our strong heritage, while optimizing customers segment targeting . We are confident in our capabilities to navigate the evolving market dynamics, maintaining as top priorities revenues performance and profitability.

4

Immagine da aggiornare sfilata

Dal 4 marzo

FY 2024 BUSINESS UPDATE FY 2024 BUSINESS UPDATE

New Product Offer – Heritage, Craftsmanship and Innovation

MAXIMIZE POTENTIAL OF COLLECTIONS ENHANCING KEY AESTHETICAL CODES

FW25 Show | Reviews

WHO WHAT WEAR

DUTFITE SHOPPING EEAUTE LIVING THE SPRING REPORT

This Handbag Has Just Been Voted the Year's Key Style -I Saw It Coming Months Ago

INFELDRENT PROPETITY STANK THE PARTMENT WE THE BERTHER

What does it take to create an It bag? As a handbag-obsessed editor. I've been known to spot a soon-to-be icon before sightings or sales have confirmed it.

The answer is all in the finer touches. Careful consideration of silhouette, clever design details and thoughtfully chosen materials and colourways all have to align in perfect harmony for a great bag to really take off. And I precheted the Ferragamo Hug Bag would be an icon as soon as I saw it. Now, the cato confirms this is the 2025 bag to know about.

= FASHION BEAUTY LIFE + CULTURE ELLE COLLECTIVE DAILY HOROSCOPES

Fashion > What To Wear Everyone Was Carrying This Under-The-Radar 'It Bag' In

Milan

Ferragamo's Hug Bag was the most-grabbed accessory at Milan Fashion Week.

BY RHIANNON EVANS PUBLISHED: 02 MARCH 2025

LAUNCHMETRICS SPOTI IGHT

FERRAGAMO

INNOVATING OUR MARKETING

Full Funnel approach

3 pillars of communication: Heritage; Craftsmanship; Product (i.e. Wanda Ferragamo content with The Female Quotient best performing post with millions of views)

Return to our core audience (25 to 45 yo) on social channels

Increasing Immersive Brand Experiences to consumers where most receptive (i.e. Holiday Campaign )

More agile and frequent brand and product content drops distributed in a wider range of owned channels (i.e. Winter Escape)

Increased Customer Experience through 1:1 and 1:few activations & CRM consistently with content strategy (i.e. wrapping ceremony)

HOLIDAY 2024 | CAMPAIGN - 360° ACTIVATION

3 6 0 ° A PPROACH FO R TH E H O LI DAY CA M PA I G N, LEVE R AG ING M U LTI PLE LEVE RS TO CR EATE A UNIFIED BRAND EXPERIENCE AND INCREASED CUSTOMER ENGAGEMENT

HOLIDAY 2024 | PRESS

Product Print Coverage

HOLIDAY 2024 | PRESS

Digital Campaign Coverage

Ferrogamo celebrates the joy of the perfect gift with its Holiday 2024 campaign.

The campaign imagery takes shape as stillife imagery featuring a curation of giftable seasonal pries that are big on fexture, sparkle, and shine, encompassing a shiking and cohesive color palette of black, red, silver, and white.

When holiday campaigns tend to be so much about driving emotional connection firmugh storytelling tradition, a stil-life campaign feels like a bit of a risk. But here, that risk has paid off, these stillfe images are executed with such a strong visual perspective that they draw us intaxicatingly inward, while the design curation almost tells a story of its awn.

The brief video that accompanies the photographs is also a smart way to bring a sense of namative tension into the direct look at holiday gifting. In an all red space, a lone character offempls to wrop the brand's signature Hug bog, but stuggles to get the shiny sed wrapping paper to cooperate with the bag's unique shope. The clover punchine comos when eventually they give up, and simply adom it with a bo

Balancing subtle humor with shine and elegance, the campaign is a stroightforward yot

GRAZIA - - - - - star 1100 1500 1900 1500 ma passa inte nas passa inte and naska inte and Q

Holiday campaign 2024: ecco una preview delle campagne natalizie più belle

Casio CECILIA FALOVO (SIMONA ROTTONDI - 13 NOVEMERE 2024

The best Christmas campaigns Our favourite fashion ads for the festive

= B V/. ( No. nearon assum counted or neares of nearly of north a 1 100/2000

he real start of the festive season is when all the luxury fashion brands start releasing their Christmas campaigns, and this year we've already been treated to a flurry of seasonal advertisements.

From Emma Corrin showing off Miu Miu's sparkling delights to Maya Hawke's party-ready Prada campaign and Jimmy Choo's must-have festive accessories, here are our favourite Christmas campaigns of 2024 so far

FERRAGAMO - Ogni regalo, accuratamente confezionato e decorato con nastri e fiocchi, racconta una storia: svela eleganti scarpe, borse e sete Ferragamo come veri e propri oggetti

di artigianato, ritratti in un delizioso assortimento di gelatine colorate e in frutti zuccherati,

tra caramelle luccicanti e scintillanti, ricreando le atmosfere di una volta. Gli accessori più riconoscibili delle collezioni Ferragamo, tra cui le iconiche décolletté amate da Marilyn

Monroe, sono la scelta per un regalo, creati con cura da abili artigiani italiani e poi

6 / 34 TUTTE LE FOTO

arricchiti da un tocco di stravagante meraviglia. Credits: Courtesy of Press Office

SHARE FULLSCREEN 27

ragamo Holiday is a homage to the house's founder. Back in the day, Salvatore Ferragar famously made shoes out of candy wrappers in
times of scarcity. For this year's holiday collection, the house will honour his innovation with glitzy candy wrapped bags, shoes, sunglasses and more

G-i

AMICA ABBONATI @ Q (C) = NEWSLETTER

BELLEZZA - PARTY & PEOPLE · BENESSERE · FILM & SERIE TV ·

Campagne e collezioni Holiday: per la moda il Natale è già arrivato

Set innevati, rosso a profusione, bagliori e luccichii, ma non solo. I brand annunciano l'arrivo delle Feste di Marghenta Ceci | 11 Novembre 2024

tdoun per le Feste è già iniziato. Per chi non fosse ancora stato sfiorato dal pensiero dei regali, ci pensa la moda a riportare l'attenzione sulle letterine da scrivere a Babbo Natale nel 2024.

Anche Miu Miu si distingue, pur scegliendo ancora una volta Emma Corrin per una serie di immagini ispirate alle cartoline vintage, che donano alla
collezione un fascino nostalgico ed elegante. Infine, Versace sceglie la V
cantante, membro del bra

FERRAGAMO

Ferragamo's Festive Fusion of Heritage and Modernity NOVEMBER 8, 2024

Ferragamo ushers in the festive season with a collection that seamlessly fuses its rich heritage with contemporary elegance. Delving into its storied archives, the house pays homage to Salvatore Ferragamo's genius, presenting a curated array that speaks to both tradition and modernity.

ce. Uno scatto della campagna Infinite Wonders di Ferragamo per l

Le idee regalo più glamour Molto più di fotografie e atmosfere, le campagne natalizie offrono anche
spunti di stile per regali alla moda. Come la selezione di Ferragamo, che ambienta it bag e décolleté tra carte luccicanti e mise en place. Ferrari
accende i riflettori sulle borse Dino, Givenehy punta sulle scarpe decorat

Campagne pubblicitarie moda: le più belle holiday adv 2024 di BARBARA ROSSETTI 02 DICEMBRE 2024

La campagna Holiday 2024 di Ferragamo.

11

Enriching the Customer Journey – New store concept

MILAN Montenapoleone Woman

FORTE DEI MARMI Via Carducci

TOKYO Shinjuku Isetan Woman

ELEVATE IN - STORE EXPERIENCE

Enriching the Customer Journey – New store concept

BEIJING

SEOUL Shinsegae Gangnam Man SOZHOU
Matro Mall

ELEVATE IN-STORE EXPERIENCE

FERRAGAMO

Enriching the Customer Journey – New store concept

TOKYO Ginza Mitsukoshi Women Shoes

DUBAI Dubai Mall

ELEVATE IN - STORE EXPERIENCE

ESG ACHIEVEMENTS

RATINGS AND ACKNOWLEDGEMENTS

FEBRUARY 2024

One of the 20 Italian companies included in the World's 500 Most Sustainable Companies according to Statista and Time

CERTIFIED

FERRAGAMO

ALENSITY

Career States Property of

FERRAGANIA

FY 2024 REVENUE BY DISTRIBUTION CHANNEL

1. Other income includes: Hedging, licenses & other revenues, rental income investment properties

2. YoY var at Constant FX calculated only on licenses & other revenues, rental income components

FY 2024 Total Revenues down 10% (-8% at const. FX) and down 7% (-4% at const. FX) in Q4, penalized by a weak Asia Pacific market, secondary channel and wholesale environment.

DTC*, at const. FX down 4% vs. FY 2023, and up 1% in Q4 vs. last year, with the positive performances in Europe, US, Japan and Latin America, offsetting the persistent weakness in the Asia Pacific area. In Q4 2024 primary DTC* showed a 3% increase vs. Q4 2023, driven by the double-digit performance of handbag and the positive performance of men and women shoes.

WHL, at const. FX, down 21% vs. FY 2023, and - 19% in Q4 vs. last year, reflecting a weak demand in Asia and in the Travel Retail channel, with both the latter and traditional WHL also affected by a different timing in deliveries vs. Q4 2023.

* DTC (Direct To Consumer) channel consists of directly operated mono-brand stores (DOS), as well as e-commerce platforms of direct to customers online sales. Primary DTC consists of directly operated mono-brand primary stores and e-commerce platforms of direct to customers online sales, while secondary DTC consists of directly operated mono-brand outlet stores.

EMEA down 8% in FY 2024, with DTC* up midsingle digit and WHL negative, mainly due to Q1 performance reflecting the hard comparison base vs. Q1 2023. In Q4 EMEA up 5%, driven by primary DTC* double digit increase, while secondary DTC* and WHL slightly below Q4 2023.

North America down 3% in FY 2024, with the positive performance of primary DTC* offset mostly by weak WHL. In Q4 North America up 6%, driven by primary DTC*, double digit increase, while secondary DTC* slightly below Q4 2023 and WHL in line with last year.

Latin America up 1% in FY 2024 with DTC* positive result, penalized by negative WHL. In Q4 Latin America up 11%, with DTC* double digit increase vs. Q4 2023, penalized by negative WHL.

Asia Pacific down 19% in FY 2024 with both DTC* and WHL negative. In Q4 Asia Pacific down 25%, with DTC* registering a modest improvement vs. Q3 2024, albeit still volatile.

Japan up 3% in FY 2024 and up 1% in Q4, driven by primary DTC* up mid-single digit.

FY 2024 NET SALES BY REGION

FY 2024 NET SALES BY PRODUCT

Shoes down 9% in FY 2024 and down 5% in Q4, but increasing mid-single digit in primary DTC* vs. Q4 2023, driven by women shoes.

Leather Goods and Handbags down 7% in FY 2024 and down 3% in Q4, but increasing midsingle digit in DTC* vs. Q4 2023, driven by handbags. Handbags reported a double-digit performance in FY2024, with an acceleration in Q4.

Silk & Other Accessories down 8% in FY 2024 and down 6% in Q4.

RTW down 16% in FY 2024 and down 8% in Q4.

Note: all data at const. FX

FY 2024 P&L

DECEMBER YTD

(Euro MM)	2024	%	2023	%	Δ %
Net Revenues	1,035.1	100.0%	1,156.3	100.0%	-10.5%
Cost of goods sold	(295.1)	-28.5%	(316.8)	-27.4%	-6.9%
Gross Profit	740.0	71.5%	839.4	72.6%	-11.8%
Total Costs	(789.0)	-76.2%	(767.4)	-66.4%	2.8%
EBIT	(49.0)	-4.7%	72.0	6.2%	nm
Impairment	(83.6)	-8.1%	(6.6)	-0.6%	>100%
EBIT w/o Impairment	34.6	3.3%	78.7	6.8%	-56.0%
Financial	(4.3)	-0.4%	(5.4)	-0.5%	-21.1%
Financial ROU	(22.3)	-2.2%	(21.0)	-1.8%	6.1%
Profit before taxes	(75.6)	-7.3%	45.6	3.9%	nm
Income Taxes	7.5	0.7%	(19.3)	-1.7%	nm
Net profit for the year	(68.1)	-6.6%	26.2	2.3%	nm
Group net income	(68.1)	-6.6%	26.1	2.3%	nm
Income to minorities	0.0	0.0%	0.2	0.0%	-89.4%
EBITDA	215.2	20.8%	251.8	21.8%	-14.5%

Gross Margin FY 2024 Gross Profit at € 740M, 71 . 5 % on Revenues vs . 72 . 6 % in FY 2023 , mainly due to the higher provision on inventories, a less favorable hedging effect and the particularly high comparison base vs . H 2 2023 .

FY 2024 total Operating Costs at € 705M, down 7 % vs . FY 2023 , excluding €84 M of Impairment Test charge . Including the Impairment Test impact, Net Operating Costs amounted to €789 M vs . €767 M in FY2023 .

DTC/WHL mix positive FX negative FY 2024 EBIT adjusted, excluding € 84 M of Impairment Test charge at € 35 M vs . € 79 M in FY 2023 . Including the Impairment Test impact EBIT negative for € 49 M .

FY 2024 Net Profit including Minority Interest, negative for € 68 M vs . € 26 M positive in FY 2023 . Excluding Impairment Test charge, FY 2024 Net Profit positive for € 16 M .

FY 2024 BALANCE SHEET

(Euro MM)	Dec 24 YTD	Dec 23 YTD	%
Tangible assets	212.0	223.4	-5.1%
Intangible assets	38.6	43.6	-11.5%
Right of Use	528.6	616.6	-14.3%
Financial assets	–	–
Fixed assets	779.2	883.5	-11.8%
Inventory	313.8	304.4	3.1%
Trade receivables	84.6	106.8	-20.8%
Trade payables	(175.9)	(182.9)	-3.8%
Operating working capital	222.4	228.3	-2.6%
Other assets (liabilities)	150.5	127.8	17.7%
Net Asset Disposal for Sales	0.1	0.1	6.4%
Employee Benefit Liabilities	(6.0)	(7.0)	-13.4%
Provisions for risks and charges	(22.5)	(23.9)	-5.9%
Net invested capital	1,123.7 –	1,208.8 –	-7.0%
Shareholders' equity (A)	620.1	722.2	-14.1%
Group equity	619.1	721.2	-14.2%
Minority interest	1.0	1.0	-0.3%
Current financial liabilities	(240.1)	(195.9)	22.6%
Non current financial liabilities	(552.3)	(596.6)	-7.4%
Cash & Cash equivalents	288.9	305.8	-5.5%
Net debt (B)	(503.6)	(486.7)	3.5%
Financial sources (A-B)	1,123.7	1,208.8	-7.0%
	–	–
Net debt (B)	(503.6)	(486.7)	3.5%
Non Current Lease Liabilities	552.3	596.6	-7.4%
Current Lease Liabilities	124.0	114.4	8.4%
Lease Liabilities	676.3	711.0	-4.9%
Net debt Adjusted	172.8	224.4	-23.0%

FY 2024 CAPEX at € 71 M in line with € 72 M of FY 2013 , mainly for the renovations of the retail network .

Net Working Capital at 31 December 2024 down 3 % vs . 31 December 2023 .

Net Financial Position Adjusted* at 31 December 2024 positive for € 173M, vs . € 224 M positive at 31 December 2023 . Including IFRS16 effect, Net Financial Position at 31 December 2024 negative for € 504 M .

* Net Financial Position Adjusted is the Net Financial Position excluding Current and non -current Lease Liabilities .

DOS NETWORK @ 31.12.2024

Immagine da aggiornare sfilata

Dal 4 marzo

23

FY 2024 Q&A

FY 2024

Q&A

ANNEX

FY 2024 REVENUE BY DISTRIBUTION CHANNEL

December YTD

(Euro MM)	2024	2023	Δ %	FX	2024	2023
DTC *	776.7	824.2	-5.8%	-3.8%	75.0%	71.3%
Wholesale	232.6	295.3	-21.2%	-21.3%	22.5%	25.5%
Net Sales	1,009.3	1,119.5	-9.8%	-8.5%	97.5%	96.8%
Hedging	4.8	16.8	-71.3%	na	0.5%	1.5%
Licences & Other Rev.	17.5	17.2	1.8%	1.8%	1.7%	1.5%
Rental income	3.5	2.7	27.3%	27.4%	0.3%	0.2%
Total Revenues	1,035.1	1,156.3	-10.5%	-8.2%	100.0%	100.0%

Δ % Const

* DTC (Direct To Consumer) channel consists of DOS and directly managed online boutique/e-commerce platforms.

Weight on Tot

Weight on Tot