Basic Net SpA

Investor Presentation • Jul 31, 2025

6m2025 RESULTS CONFERENCE CALL

TURIN,318T JULY 2025

EXECUTIVE SUMMARY NETWORK ACTIVITY

6m 2025

GROUP INTERIM RESULTS 6m 2025

EXECUTIVE SUMMARY

01 EXECUTIVE SUMMARY

Total aggregated sales increase vs Y-1 confirming the strong core of the Group and its Brands, amid a complicated Q2 for the whole industry. Consolidated revenues in line with H1 2024 with positive backlog orders entering FW. NFP with banks improved by € 117,1 mln vs YE.

TOTAL AGGREGATED SALES

6m aggregated sales amounted to € 567,1 mln (+4,3% YoY) with mixed performances across the Brands. Aggregated sales of sourcing centers (ASSC) were up by +13,7% compared to H1 2024, providing a promising outlook on next-future ASL.

GROUP CONSOLIDATED REVENUES

Group consolidated revenues amounted to € 172,6 mln (- 0,7% YoY) mostly due to the change in business model of certain partners (from distributors to licensees) that caused a shift from direct sales to royalties. Royalties from licensees overall followed the same dynamics as aggregated sales.

EBITDA

EBITDA stood at € 15,1 mln (€ 17,6 mln in 2024) after the adjustment of extraordinary items (€ 2,3 mln) and € 18,3 mln in costs related to the K-Way transaction, as H1 24 benefitted from a non-recurring termination fee from a licensee (€ 3,4 mln) and the Group kept investing in communication, retail development and human resources.

NFP WITH BANKS

Net Financial Position with banks at + € 26,3 mln (compared to - € 93,1 mln at 6m 2024 and - € 90,8 at YE24) with the cash injection coming from K-Way transaction. The Group re-acquired the operations of a French licensee (€ 2,2 mln), purchased own shares (€ 7,9 mln) and distributed dividends to shareholders (€ 7,4 mln).

TOTAL AGGREGATED SALES (TAS) € 567,1 mln € 172,6 mln

CONSOLIDATED REVENUES

EBITDA * € 15,1 mln

NFP WITH BANKS + € 26,3 mln

NETWORK ACTIVITY 6m 2025

ASL - GEOGRAPHIC AREA

in € million	30.06.25	in %	30.06.24	in %	Var	Var %
Europe	313,1	79,7%	297,7	76,3%	15,4	5,2%
Asia and Oceania	21,4	5,5%	22,2	5,7%	(0,8)	-3,6%
Americas	19,6	5,0%	29,4	7,5%	(9,8)	-33,3%
Middle East and Africa	38,6	9,8%	41,0	10,5%	(2,4)	-5,8%
Total ASL	392,7	100,0%	390,3	100,0%	2,4	0,6%

NETWORK ACTIVITY 02 6m 2025

H1 MARKETING

GENOA HOME

FIORENTINA HOME

AUTHENTIC

WSW - RED STAR

KAPPA X FIORENTINA X LUISAVIAROMA RIMINI WELLNESS

KAPPA MOUNTAIN TOUR

H1 MARKETING

AR

BRIKO

LA POLO – RICAMO INSTORE

Q d W

60TH ANNIVERSARY – IN Y/OUR LIFE EXHIBITION

NEW STORE OPENINGS

NEW LE VRAI 4.0 WITH BRAND-NEW ADV CAMPAIGN

FLAGSHIP RE-OPENING - MILAN – LONDON & ANTWERP

H1 MARKETING

SEBAGO AT PITTI FLORENCE SEBAGO X OPERA SEBAGO TODD SNYDER

PARIS STORE OPENING

SEBAGO X MADRAS

GROUP INTERIM RESULTS 6m 2025

CONSOLIDATED REVENUES

€ 17,6 mln € 15,1 mln

NET FINANCIAL POSITION

in € .000	30.06.25	in %	30.06.24	in %	Var	Var%
Sub-total net money holdings	34.095	-104,6%	(47.437)	32,8%	81.532	-171,9%
Short-term portion of m/l term loans	(5.792)		(11.844)		6.053	-51,1%
Short-term net financial position	28.303	-86,9%	(59.281)	40,9%	87.584	29,5%
Long-term portion of m/l term loans	(1.753)		(33.471)		31.718	-94,8%
Financial leasing payables	(242)		(369)		126	-34,2%
Sub-total loans and leasing payables	(1.995)	6,1%	(33.839)	23,4%	31.844	-94,1%
Net financial position with banks	26.308	-80,7%	(93.121)	64,3%	119.428	-128,3%
Right of use debts	(52.462)		(43.633)		(8.828)	20,2%
Payables for future acquisition of company shares	(6.432)		(8.081)		1.649	-20,4%
Net financial position	(32.586)	100,0%	(144.835)	100,0%	112.249	-77,5%

NET FINANCIAL POSITION WALK

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"
Adjusted EBITDA	EBITDA pro-forma net of extraordinary non-recurring items and costs pertaining to the sale of the 40% interest in K-Way S.p.A.
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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