Fila — Investor Presentation 2016

May 11, 2016

Disclaimer

This document has been prepared by F.I.L.A. S.p.A. ("F.I.L.A." or the "Company"), for information purposes only, exclusively with the aim of assisting you to understand and assess the activities of F.I.L.A..

Statements contained in this presentation, particularly regarding any possible or assumed future performance of the FILA Group, are or may be forward-looking statements based on FILA's current expectations and projections about future events.

Such forward-looking statements are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results including the financial condition and profitability of FILA to differ materially from, or be more negative than, those expressed or implied by such forward-looking statements. Consequently, FILA and its management can give no assurance regarding the future accuracy of the estimates of future performance set forth in this document or the actual occurrence of the predicted developments.

The data and information contained in this document are subject to variations and integrations. Although FILA reserves the right to make such variations and integrations when it deems necessary or appropriate, FILA assumes no affirmative disclosure obligation to make such variations and integration, except to the extent required by law.

Any reference to past performance of the FILA Group shall not be taken as an indication of future performance.

In addition, this presentation includes certain ''Adjusted'' financial and operating indicators and other measures, which have been adjusted to reflect extraordinary events, non-recurring transactions and activities which are not directly related to the Group's ordinary business. Such "Adjusted" information has been included to allow a better comparison of financial information across the periods; however, it should be noted that such information are not recognized as measures of financial performance or liquidity under IFRS and/or do not constitute an indication of the historical performance of the Company or the Group. Therefore, investors should not place undue reliance on such data and information.

This document does not constitute or form part of any offer or invitation to purchase or subscribe any shares and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

By attending this presentation, you agree to be bound by the foregoing terms.

First Quarter 2016 Highlights

FILA closes Q1 ²⁰¹⁶ with ^a increase of sales in all the reference markets, primarily Centre & SouthAmerica, Europe and North America.

• • Core Business Sales +45.2% (organic growth, +12,1%)
• •General improvement in the fulfillment of customers orders
• •Good demand from Education and Art & Craft channels
• • Market share consolidationin all the reference areas

• Adjusted EBITDA +39,4%, with an organic growth of 15,8% registering an increase more than proportional than the Sales organic growth.

•Adjusted Net Profit +7,9%

• Net financial position at 166.3mln Euro at the end of March 2016, mainly affected by Net financial Debt contributionof Daler & Rowney Group (86,8mln €), fully consolidated fromthe beginning of February 2015.

Q1 2016 Core Business Sales

SALES BREAKDOWN BY PRODUCT LINE

•Organic Growth ⁺ 12,1% (net of M&A and FX effect )

• Increasing contribution from Centre-South America, Eurozone and North America, registering respectively +26%, +9% and +8% of Organic Growth

• Growth in Pencils +11,5%, in Other Creativity Instruments +11%, Office and decrease in Office andIndustrial Products of 6,3% compared to IQ ²⁰¹⁵ and net from M&A effected

• M&A effect 21,3 mln Euro (10,7 WFPL and 10,6 D&RGroup)

SALES BREAKDOWN BY GEOGRAPHY AREA

Q1 2016 EBITDA

ADJUSTED EBITDA – Q1 2016

• • Organic Growth ⁺ 15,8% (net of M&A and main FX effect), more than proportional than the Organic Turnover Growth
• • 1,7 mln Euro of extraordinary costs in FY2016, mainly related to the M&A activities
• • 0,2 mln Euro extraordinary costs in Q1 ²⁰¹⁵, mainly relatedto the listing expenses
• • M&A effect 2,2 mln Euro(1,8 WFPL and 0,4 D&R Group)

ADJUSTED EBITDA BREAKDOWN BY GEOGRAPHY AREA

Q1 2016 NET INCOME AND NET DEBT

(€ million)

ADJUSTED NET INCOME – Q1 2016

(€ million) NET DEBT – FY 2015 and Q1 2016

• • The normalization made at the financial results management level mainly refers to the accounting not realized loss of the financing in GBP plus extraordinary operating costs, net of taxes effects
• • The normalization of the Group Result in Q1 ²⁰¹⁵refers to the above normalization, net of taxes effects

Net debt Increase of 127,6 mln € mainly due to:

• •Operating CF before TWC adjustment equal to ⁺ 8,7 mln Euro
• • Trade working capital cash absorption of 31,7 mln Euro, due ^t obusiness seasonability
• • Capex for ² mln € due to new investment in tangible andintangible assets
• • Investment for shares acquisition of Daler & Rowney Group for 16,8 mln €
• •Interest paid for ¹ mln Euro
• • M&A effect of 86,8 mln Euro related to Daler & Rowney GroupNet Debt Contribution
• •FX effect +1,4 mln €

Q1 2016 Income Statement

ADJUSTED NET PROFIT

( ) i l l ion € m	Q 1 2 0 1 5 A	% les Sa on	Q 1 2 0 1 6 A	% les Sa on
& P R O F I T L O S S
les Co Bu ine Sa re s ss	5 7, 1		8 2, 9
Ot he r r ev en ue s	2, 0		2, 1
l r To ta ev en ue s	5 9, 1		8 5, 0	-
( ) Co f ia ls d Su l ies de in Ra M Inc st at et nt or w er an p p n rea se cre as e ve or y	( ) 2 0, 7	( ) 3 6, 3 %	( ) 3 3, 2	( ) 0, % 4 1
f d f h d p Co Se ice Us T ir ies As sts t ts or rv s a n e o ar se	( ) 1 4, 8	( ) 2 5, 9 %	( ) 2 1, 8	( ) 2 6, 3 %
l Pe Co sts rso nn e	( ) 1 3, 3	( ) 2 3, 3 %	( ) 1 7, 3	( ) 2 0, 9 %
he Ot Op ing Co t sts r era	( ) 2, 1	( ) 3, 6 %	( ) 2, 5	( ) 3, 0 %
l o To ing ta at sts p er co	( ) 5 0, 9	( ) 8 9, 1 %	( ) 7 4, 9	( ) 9 0, 3 %
E B I T D A	8, 3	% 1 4, 5	1 0, 1	% 1 2, 2
De iat ion d Am iza ion t t p rec a n or	( ) 1, 6	( ) 2, 8 %	( ) 3, 1	( ) 3, 7 %
W ite -D r ow ns	( ) 0, 3	( % ) 0, 6	( ) 0, 2	( % ) 0, 2
E B I T	6, 3	1 1, 1 %	6, 9	8, 3 %
/ in ia l in F an c co me ex p en se s	( ) 0, 8	( ) % 1, 5	( ) 3 4,	( ) 2 % 5,
/ fro ho d In iat ity at et co me ex p en se s m as so c es eq u m	0, 2	0, 4 %	-	0, 0 %
P B T	5, 7	% 1 0, 0	2, 5	% 3, 1
Ta xe s	( ) 1, 7	( ) 2, 9 %	( ) 2, 5	( ) 3, 0 %
( ) f it los f c inu ing ing iv it ies Ne t p t at t ro s o on o p er ac	4, 0	% 7, 0	0, 1	% 0, 1
f ( lo ) f d d o Ne it isc in in iv it ies t p t at t ro ss o on ue p er g ac	( ) 0, 1	( ) 0, 2 %	-	0, 0 %
f ( ) f t l n it los he io d To ta et p ro s o p er	3, 9	6, 8 %	0, 1	0, % 1
l n f ( lo ) bu b le l l To it i in int ta et at tr ta to nt ts p ro ss n on co ro g er es	0, 1	0, 1 %	0, 3	0, 4 %
( ) i la Gr 's t l n f it los f t he io d F ot et ou p a p ro s o p er	3, 8	6, % 7	( ) 0, 3	( ) 0, 3 %
( l l ) € m i ion	Q 1 2 0 1 5 A	les % Sa on	Q 1 2 0 1 6 A	les % Sa on
& P L A D J U S T M E N T S
R E P O R T E D E B I T D A	8, 3	1 4, 5 %	1 0, 1	1 2, 2 %
l d j To A ta tm ts us en	0, 2		1, 7
A D J U S T E D E B I T D A	8, 5	1 4, 8 %	1 1, 9	1 4, 4 %
O N O I R E P R T E D E T P R F T	3, 8	6, % 7	( ) 0, 3	( ) 0, 3 %
l d j To A ta tm ts us en	0, 2		4, 6

7,1%

4,0

4,3 5,2%

Q1 2016 Balance Sheet

( l l ) € i i m o n	2 0 1 5 A	Q 2 0 6 1 1 A
B A L A N C E S H E E T
b l i I t t n a n g e a s s e s	8 8, 2	1 5 6, 0
b l i A T t a n g e s s e s	4 9 7,	8, 9 5
l i i i d F F A t n a n c a x e s s e s	1, 8	2, 7
d i F A t x e s s e s	3 8 1 7,	2 1 7, 5
/ h i b i l i i O N C A L t t t t e r o n u r r e n s s e s a e s	1 3, 9	1 5, 4
I t n v e n o r y	8, 1 1 5	1 5 5, 7
d b l d h b l T R i O i t r a e e c e v a e s a n e r r e c e v a e s	7 7, 7	1 1 4, 3
d b l d h b l T O P t r a e p a y a e s a n e r a y a e s	( ) 5 3, 0	( ) 7 3, 1
d k l W i C i T t r a e o r n g a p a	1 4 3, 2	1 9 6, 8
h d b l O C A L i i i i t t t t e r u r r e n s s e s a n a e s	3, 2	2, 2
k l i C i N W t t e o r n g a p a	6, 1 4 4	9 9, 0 1
i i & d P F r o v s o n s u n s	( ) 2 6, 2	( ) 3 8, 5
/ f d i b i l i i d d i l C C A L I D t t t t t t u r r e n a n n o u r r e n s s e s a e s n e n e o r s p o s a	-	-
C O N E T A P I T A L E M P L Y E D	2 2, 0 7	3 9 3, 5
h h l d S i t a r e o e r s e q u y	( ) 2 1 1, 7	( ) 2 2 2 7,
i i l F I t t n a n c a n s r u m e n s	( ) 2 1, 5	-
l i i i i N F P t t e n a n c a o s o n	( ) 3 8, 7	( ) 6 6, 3 1
O S O C S T T A L N E T U R E	( ) 2 2, 0 7	( ) 3 9 3, 5

Q1 2016 Cash Flow Statement

( ) l l € i i m o n	2 0 1 5 A	Q 1 2 0 1 6 A
C S O A H F L W
E B I T	6, 3	6, 9
d f A j t t t t u s m e n s o r n o n m o n e a r y c o s s	1, 9	3, 3
d f j A t t t u s m e n s o r a x e s	( ) 2, 0	( ) 1, 5
h- f l f i i i i b f h i C N W C t t t a s o w r o m o p e r a n g a c v e s e o r e c a n g e s n	6, 3	8, 7
h i i i C t a n g e s n n v e n o r e s	( ) 1 2, 7	( ) 1 7, 0
h d b l & h C i i t t a n g e s n r a e r e c e v a e s o e r s	( ) 1 8, 2	( ) 2 2, 7
h d b l h i & C t t a n g e s n r a e p a a e s o e r s y	( ) 1, 5	9, 2
/ h h l b l C i i i i i t t t t a n g e s n o e r c u r r e n a s s e s a e s	( ) 0, 2	( ) 1, 1
h k l i i i C t t a n g e s n n e w o r n g c a p a	( ) 3 2, 5	( ) 3 1, 7
i h- f l O t p e r a n g c a s o w	( ) 2 6, 2	( ) 2 3, 0
b l d b l I i i i i t t t t t n v e s m e n s n a n g e a n n a g e a s s e s	( ) 2, 3	( ) 2, 0
h O i t t t e r n v e s m e n s	0, 0	( ) 1 6, 8
h- f l f C i t t a s o w r o m n v e s m e n s	( ) 2, 3	( ) 1 8, 7
/ l b C i i i t t a p a n c r e a s e r e m u r s e m e n	-	( ) 0, 5
i N t t t e n e r e s s	( ) 0, 9	( ) 0 1,
h- f l f f i i C a s o r o m n a n c n g w	( ) 0, 9	( ) 1, 5
h h O t e r c a n g e s	1, 4	0 1,
l h- f l T t o a c a s o w	( ) 2 8, 1	( ) 4 2, 3
f f f E F X t t t e c o r a e m o v e m e n s	( ) 8 4,	1, 4
f l f N i i i i N C i A i i i D t t t t t e n a n c a p o s o n o e w o m p a n e s a s a c q u s o n a e	-	( ) 8 6, 8
h l C i N F i i P i i t t a n g e s n e n a n c a o s o n	( ) 3 2, 9	( ) 1 2 7, 6

Quarterly CB Sales, EBITDA, TWC and NET DEBT

(€ million) QUARTERLY TWC AND NET DEBT

Total shares 41.232.296, of which : Ordinary shares 34.665.788, Class B shares 6.566.508 (enjoy three votes each in accordance with Article 127sexies of Legislative Decree No. 58/1998).Last update January 5th 2016

Investor Relations F.I.L.A.Stefano De Rosa CFO/IR Officer – Francesca Cocco IRir@fila.it(+39) 02 38105206