Brunello Cucinelli — Investor Presentation 2016

May 11, 2016

1Q 16 revenues trend confirm and support "gracious" and "sustainable" long-term growth, thanks to the strength of the business model

The brand is identified as the expression of an exclusive prêt-à-porter proposal and a sophisticated concept of contemporary lifestyle; the pillars of the Group's business model and its collection offering constantly remain its manual skills, craftsmanship and Made in Italy appeal

N Re t e ve nu es	l ia I ta n	io l In te t rn a na	h ic N A t or m er a	i l m br d Re ta on o an
ln ( 8m ) €1 21	ke t m ar	ke ts m ar	% +9 .2	% +1 1.4
% * +9 .1	6. % + 4	8 % +9	Eu ro p e	ho le le br d W sa m on o an
for * P at nt er ma nce cu rre ha	le sa s	le sa s	% +9 .0	% +5 .4
ate exc ng e r s			h in Gr C te ea r a	ho le le l i br d W t sa an m u
			+1 1.1	8. % 1 +
			Ro W
			% +1 3. 0

Revenues by Region

€ ln m	1 Q 1 5	1 Q 1 6	C Yo Y % hg
	1 1 1. 7	1 2 1. 8	9. 1 % +
Ne Re t ve nu es	Co ha tan t e tes ns xc ng e r a		+9 3 %
Ita ly	2 3. 4	2 4. 9	+6 4 %
Re f Eu t o s rop e	3 5. 2	3 8. 4	+9 0 %
No h Am ica rt er	3 4. 5	3 7. 7	+9 2 %
Gr C h ina ter ea	6. 9	7. 7	+1 1. 1 %
Ro W	1 1. 7	1 3. 2	+1 3. 0 %

Revenues Breakdown by Region

Revenues - Highlights by Region

Italy

Meaningful growth (+6.4%) with persistent performance in the leading cities and resorts, both in monobrand and multibrand channel

Robust performance supported by the loyal local customer demand and high-end tourist flow

Very appealing SS16 sell-out, thanks to an exclusivity and contemporary offering

North America

Rest of Europe

Increasing request for craftsmanship, exclusivity, top-notch quality, Made in Italy and contemporary products

Solid results in all countries, both Mediterranean area and Continental Europe, including Eastern Europe, Russia and the former USSR countries

Positive sell-out and increase in all distribution channels

Increase in all distribution channels, driven by growth of the local customer and most affluent tourists

Performance supported by "tailor-made" approach of clients, both in monobrand as well as in multibrand channel, with very positive contribution of trunk shows and private sales

Retail monobrand sales increase supported by selected new openings and performance in existing boutique; multibrand growth driven by increasing spaces dedicated to the brand in the highest Luxury Dept. Stores

Greater China

Increasing sell-out in the existing boutiques, driving positive performance

Unchanged monobrand network, without openings in the last 12 months

Very selected presence in Mainland China (12 boutiques) and in the other countries included in Greater China

Rest of the World

Growth supported by performance of existing boutiques

New openings have positively affected results in all the geographic areas

Sales increase in all countries included in "Rest of the World"

Distribution Channel

Monobrand Channel

120 monobrand boutiquesof which

⁸⁴ DOS and 36 wholesale monobrand boutiques in leading capitals and cities worldwide and in the most exclusive resorts

Multibrand Channel

presence in selected multibrand boutiques, including leading luxury department stores

Revenues by Distribution Channel

Monobrand Channel

Retail Monobrand

Retail network with 84 boutiques as of March '16 (75 boutiques as of March '15)

Positive trend confirmed in the 14 hard-shops managed - starting from September 1st 2014 in Luxury Department Stores in Japan

+3,4% LFL* in the first part of 2016 (period between 1st January and 1st May 2016)

Wholesale Monobrand

Wholesale Monobrand network with 36 boutiques as of March '16 (35 boutiques as of March '15)

Sales increased +5.4%, supported by performance in existing network

* Like-for-Like calculated as the worldwide average of sales growth, at constant exchange rates, reported by DOS opened as of January 1st, 2015

Monobrand Boutique Network

Multibrand Channel

Very interesting SS16 sell-out, supported by very well accepted collections, confirming the favorable comments already received from multibrand customers and the trade press during the presentation stage.

Increasing sales both in the most exclusive spaces of Luxury Department Stores and in the distinguished multibrand boutiques

Growing offer by Luxury Department Stores to topend customers, increasing prestigious selling spaces dedicated to «Brunello Cucinelli» brand

Strong appreciation for the FW16 collections (selling campaign), with very positive orders already booked

$SS 16$ $\qquad \qquad$

The "Informal Luxury prêt-à-porter" collections

Investor Relations

Shareholdings

Fedone s.r.l.

Fundita s.r.l.

FMR LLC

Other

do l. Fe ne s.r	.0% 57
i l do l d ing Er Ze Ho S.p .A me ne g gn a	% 3.0
d ita l. Fu n s.r	% 2.0
FM R LL C	8% 5.
he Ot r	.2% 32

Ermenegildo Zegna Holding s.p.a.

Board of Directors

l lo in l l i Br Cu un e c e	ha d C C irm .E. O. an an
iar ica Mo C re no ap	d C Dir .F. O. ect or an
iov fre d i G Ma an na n	Dir ect or
icc do Ste fan l l i R ar e	Dir ect or
i l la in l l i Ca Cu m c e	Dir ect or
ius b ian G La ep pe ca	Dir ect or
isa dr i Lu L ca n on	Dir ect or
d ice Ca Ko n o	d ipe den Dir In t ect n or
dr l i An Po nt ea re mo	d I d den Le ipe t D ire cto a n n r
Ma Ma tte tto o rzo	d den ipe Dir In t ect n or

Head of Investor Relations

iet bo l d i P Ar ro na
i l: iet bo l d i@ br l loc in l l i. it ma p ro .ar na un e uc e
l. Te 69 +3 9 07 5 70 07 9

Brunello Cucinelli S.p.A.Viale Parco dell'Industria, 5 Solomeo (PG)Italia

This presentation may contain forward looking statements which reflect Management's current views and estimates. The forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments.

Figures as absolute values and in percentages are calculated using precise financial data. Some of the differences found in this presentation are due to rounding of the values expressed in millions of Euro.

The manager in charge of preparing the corporate accounting documents, Moreno Ciarapica, declares pursuant to and to the effects of article 154-bis, paragraph 2 of Legislative Decree no. 58 of 1998 that the disclosures included in this release correspond to the balances on the books of account and the accounting records and entries.