Basic Net SpA — Call Transcript 2020

Feb 14, 2020

FY2019 Conference call

February 14th 2020

1

TOTAL AGGREGATED SALES (from ASL and ASSC)*

Euro 1.025,3 million, +17,1% YoY

TOTAL CONSOLIDATED REVENUES

Euro 305,7 million, +45,3% YoY

Like for like**: Euro 235,2 million, +11,8% YoY

CONSOLIDATED DIRECT SALES

Euro 250,1 million, +60,7% YoY

Like for like**: Euro 172,8 million, +11,1% YoY

ROYALTIES (from ASL and ASSC)*

Euro 55,6 million, +1,3% YoY

Like for like**: Euro 62,4 million, +13,8% YoY

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

AT CURRENT EXCHANGE RATES

Aggregated Sales of Sourcing Centers (ASSC, Eu mn)

Aggregated Sales of Licensees (ASL, Eu mn)

* Aggregated Sales of Licensees, full year growth vs 2018 at current exchange rates

Consolidated direct sales (Eu mn)

Royalties from ASL and ASSC (Eu mn)

Consolidated direct sales (Eu mn)

Royalties from ASL and ASSC (Eu mn)

* In order to calculate LfL YoY growth, FY 2019 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 4.000.000

Average price: Euro 4,87/ share

No. of purchased shares: 820.633

* 2019 Shareholders' Meeting held on April 24, 2019

DECEMBER 31, 2019

Total own shares: 7.863.255 Share of capital: 12,89% Average price: Euro 2,83/ share Stock price: Euro 5,20 Total investment: Euro 22,2 million

Embedded gain: Euro 18,6 million

TO DATE

Total own shares: 7.863.255 Share of capital: 12,89% Average price: Euro 2,83/ share Stock price: Euro 5,15 Total investment: Euro 22,2 million Embedded gain: Euro 18,3 million