Basic Net SpA — Call Transcript 2019

Nov 8, 2019

9M 2019 Conference call

November 8th 2019

1

TOTAL AGGREGATED SALES (from ASL and ASSC)*

Euro 777,6 million, +22,8% YoY

TOTAL CONSOLIDATED SALES

Euro 235,8 million, +55,2% YoY

Like for like**: Euro 174,4 million, +18,1% YoY

CONSOLIDATED DIRECT SALES

Euro 195,8 million, +73,3% YoY

Like for like**: Euro 134,4 million, +18,9% YoY

ROYALTIES (from ASL and ASSC)*

Euro 40,0 million, +2,8% YoY

Like for like**: Euro 45,1 million, +15,9% YoY

* ASL: Aggregated Sales of Licensees; ASSC: Aggregated Sales of Sourcing Centers ; ** excluding first time consolidation of Kappa Europe as from January 2019;

Aggregated Sales of Sourcing Centers (ASSC, Eu mn)

Aggregated Sales of Licensees (ASL, Eu mn)

AT CURRENT EXCHANGE RATES AT CONSTANT EXCHANGE RATES

Aggregated Sales of Sourcing Centers (ASSC, Eu mn)

Aggregated Sales of Licensees (ASL, Eu mn)

* Aggregated Sales of Licensees, 9 months growth vs 2018 at current exchange rates

Royalties from ASL and ASSC (Eu mn)

Royalties from ASL and ASSC (Eu mn)

* In order to calculate LfL YoY growth, 9M2019 pro-forma revenues have been calculated by deconsolidating Kappa Europe from direct sales and accounting for it as if it was a licensee (as it was the case in 2018)

FROM SHAREHOLDERS' MEETING* TO DATE

Authorized Shares buy-back: Euro 4.000.000

Purchased amount: Euro 2.783.161

Average price: Euro 4,68/ share

No. of purchased shares: 595.033

* 2019 Shareholders' Meeting held on April 24, 2019

SEPTEMBER 30, 2019

Total own shares: 7.442.822 Share of capital: 12,21% Average price: Euro 2,70/ share Stock price: Euro 4,40 Total investment: Euro 20,1 million Embedded gain: Euro 12,6 million

TO DATE

Total own shares: 7.637.655 Share of capital: 12,52% Average price: Euro 2,75/ share Stock price: Euro 5,10 Total investment: Euro 21,0 million Embedded gain: Euro 17,9 million