Nice Footwear — Earnings Release 2016

Aug 5, 2016

	C S € ( % ) l i d t d l 1 5 0. 2 5. 3 1 H 2 0 1 5 + o n s o a e a e s : m v s.
1 H 2 0 1 6 R E S U L T S	G % ( % ) i 5 3. 7 5 5. 1 i 1 H 2 0 1 5 r o s s m a r g n : v s. n
	% ( % E B I T D A i 1 5. 0 1 4. 7 i 1 m a r g n : v s. n	) H 2 0 1 5
G G S H I H L I H T	G % ( % ) N t I i d j t d 6. 4 4. 9 i 1 H 2 0 1 5 ( 2 ) r o u p e n c o m e m a r g n a u s e : v s. n
	O C € ( t i F h F l 3. 1 p e r a n g r e e a s o w : m v	€ ) 3. 8 i 1 H 2 0 1 5 s. m n
	N F P € 4. 5 ( € 6. 2 f 3 0 J 2 0 1 5 ) : m v s. m a s o u n e - -
	E t d i t i l f F t A t b i x r a o r n a r y o p e r a o n : s a e o o n a n a r e u s n e s s
	€ m	1 H 2 0 1 6	1 H 2 0 1 5	∆ %	1) ( ∆ %
	S N l t e a e s	1 5 0, 2 1 0 0, 0 %	1 4 2, 6 1 0 0, 0 %	5, 3 %	1 2, 4 %
	G P f i t r o s s r o	8 0, 6 5 3, 7 %	7 8, 5 5 5, 1 %	2, 7 %
	E B I T D A	2 2, 6 1 0 % 5,	2 0, 9 1 4, % 7	9 % 7,
	N I G t d j d t r o u p e n c o m e a s e ( ) u 2	9, 7 6, 4 %	6, 9 4, 9 %	3 9, 6 %
	O i F C h F l t p e r a n g r e e a s o w	3, 1	3, 8
	N F i i l P i i t t e n a n c a o s o n	-4 5 ,	-6 2 ,
	1 ( ) A ha t c tan t e tes on s xc ng e r a	( ) 2 Ex lu d ing im irm c p a	l f 4. 9 m i l Eu t n t re t o en e su	in 1 H 2 0 1 6 ro	3

NET SALES BREAKDOWN BY REGION

1H 2016 RESULTS

(1) Excluding Italy and France (2) At constant exchange rates

1 H 2 0 1 6 R E S U L T S	( in i l l ion f Eu ) m s o ro	1 H 2 0 1 6	%	1 H 2 0 1 5	%	% ∆
	Re ve nu es	1 5 0. 2	1 0 0. 0 %	1 4 2. 6	1 0 0. 0 %	5. 3 %
	Co f g ds l d t o s oo so	( ) 6 9. 5	4 6. 3 % -	( ) 6 4. 1	4 4. 9 % -
	Gr Pr f i t os s o	8 0. 6	5 3. 7 %	7 8. 5	5 5. 1 %	2. 7 %
	In du ia l c tr ts s os	( 0 ) 5.	3. 3 % -	( 4. ) 7	3. 3 % -
	Ma ke ing t ts r co s	( 4. 3 )	2. 9 % -	( 2 ) 5.	3. % 7 -
O P R F I T	Tra de ts co s	( ) 7. 5	5. 0 % -	( ) 7. 1	5. 0 % -
	Ge l c ts ne ra os	( ) 1 2. 8	8. 5 % -	( ) 1 2. 8	8. 9 % -
	Pe l c ts rso nn e os	( ) 2 8. 5	1 9. 0 % -	( ) 2 7. 8	1 9. 5 % -
	To l Op ing Co ta t ts er a s	( 5 8. 1 )	3 8. 7 % -	( 5 7. 6 )	4 0. 4 % -
& O S S L	E B I T D A	2 2. 6	1 5. 0 %	2 0. 9	1 4. 7 %	7. 9 %
	De ia ion d a isa ion t rt t p rec an mo	( ) 1 1. 2	7. 5 % -	( ) 4. 0	2. 8 % -
	E B I T	1 1. 3	7. 6 %	1 6. 9	1 1. 8 %
	( ) E B I T a d j te d 1 us	1 8. 1	1 2. 1 %	1 6. 9	1 1. 8 %	7. 5 %
	F ina ia l m d o he t a t ts nc an ag em en n r c os	( ) 1. 6	1. 1 % -	( ) 1. 6	1. 2 % -
	Pr f i tax t e- p ro	9. 7	6. 5 %	1 5. 2	1 0. % 7
	Ta xe s	( 4. 9 )	3. 3 % -	( 8. 3 )	8 % 5. -
	Ne f i / los t p t ro s	4. 8	3. 2 %	7. 0	4. 9 %
	/ Ne f i los d j d ( 1 ) t p t te ro s a us	9. 7	6. 5 %	7. 0	4. 9 %	4 0. 0 %
	/ Pr f it Lo i bu b le l l ing int t tr ta to tro ts o ss a no n-c on ere s	0. 1	0. 1 %	0. 0	0. 0 %
	Gr f i / los t p t ou p ne ro s	4. 7	3. 1 %	6. 9	4. 9 %
	Gr f i / j ( ) t p t los d te d 2 ou p ne ro s a us	9. 7	6. 4 %	6. 9	4. 9 %	3 9. 6 %

(1) The adjustment refers to the one-off impairment applyed on FontanaArte's brand and building that houses the activity of FontanaArte, written down respectively for 4.8 million and 2.0 million.

(2) The adjustment refers to impairment described in note (1) plus its tax effect amounting to 1.9 million.

1 H 2	0 1 6 R E S L T S U
-------------	------------------------------------------------

STATEMENT OF FINANCIAL POSITION

€ m	1 H 2 0 1 6	F Y 2 0 1 5	1 H 2 0 1 5
I i b l t t n a n g e a s s e s	8 6. 3	8 6. 9	9 5. 5
T i b l t a n g e a s s e s	4 6. 3	4 1. 8	3 9. 4
O h f i d t t e r x e a s s e s	1 3. 5	1 3. 1	1 4. 2
F i d A t e s s e s x	1 4 6. 2	1 4 1. 8	1 4 9. 1
T d i b l r a e r e c e a e s v	6 5. 9	5 6. 6	6 8. 8
I t n v e n o r y	7 4. 3	6 9. 5	7 2. 0
T d b l r a e p a y a e s	( ) 5 3. 8	( ) 4 6. 2	( ) 5 1. 4
O / ( ) h L i b. t t e r c r r. a s s e s a u	( ) 8. 8	( ) 4. 1	( ) 8. 8
N W k i C i l t t e o r n g a p a	7 7. 6	5. 7 8	8 0. 6
S d h f d t e e r a n c e a n o e r n s v u	( 1 4. 6 )	( 1 5. 5 )	( 1 9. 2 )
N I d C i l t t t e n v e s e a p a	2 0 9. 2	2 0 2. 1	2 1 0. 6
S h h l d ' i t a r e o e r s e q u y	2 0 6. 4	2 0 4. 6	2 0 6. 1
M i i i t n o r e s	( ) 1. 6	( ) 2. 0	( ) 1. 7
T l S h h l d ' E i t t o a a r e o e r s q u y	2 0 4. 7	2 0 2. 6	2 0 4. 4
C h & h i l t a s c a s e q u v a e n s	( 8. 0 ) 5	( 6 1 ) 5.	( 4. 2 ) 5
F i i l t n a n c a a s s e s	( ) 4. 7	( ) 4. 5	( ) 4. 8
T l d b t t o a e	6 7. 2	6 9. 0	6 5. 2
N D b t t e e	5 4.	( 5 ) 0.	6. 2
N C i l E l d t t e a p a m p o y e	2 0 9. 2	2 0 2. 1	2 1 0. 6

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

2 0 S S 1 H 1 6 R E U L T T H E P A T H A H E A D	2 0 1 6 : O T h t i t i e p p o r u n e s	O f i l h d t n g o n g a u n c o n e w p r o u c s f N l i t i I t i e w a p p c a o n s o r n e r o r s C t i i t t i t o n n u o u s n v e s m e n s n n e w e c d l i t f t i i t a n q u a y m a n u a c u r n g c a p a c y S l i d h t i o c a s g e n e r a o n T h P l i l h b t h i d e a c e : s o c a u o s a r e e a k l d f l n o e g e o s w w S t t j t t d l t h a r u p p r o e c o e v e o p s m a r	h l i n o o g e s f d i l i t t s a n a c a e l t i o m e s o u o n s
	F h t u r e r I i l t t n e r n a o n a E i x p a n s o n	G h b i i i t t r o w y a c q u s o n A l d l h i d t t t c c e e r a e s a e s g r o o s e w u G h i k t t r o n c o r e m a r e s w	E r o p e u
	F t h r e r u A i t c o n s	G I k t h i t n c r e a s e o u r m a r e s a r e n a « i b i t t a o m a o n s n e s s u u	S d e a n c r e e n »

(*) Shareholding with a percentuage less than 5% are reported based on the information available by thecompany and communicated by each shareholder to the Consob

Share Information

f N. h t t d i 1 1 6. 0 0 0. 0 0 0 o s a r e s o s a n n g u :	C € M k t i t l i t i 2 5 3 a r e a p a a o n m z :
I P i € 5. 7 0 p o r c e :	I l i S k E h t t a a n o c x c a n g e – S T A R t s e g m e n
P i f 3 0 / 0 6 / 2 0 1 6 € 2. 1 8 2 r c e a s o :	S i l i t p e c a s : U B I B A N C A

Nicola BiondoPh.: 0039 0422 505468E-mail: ir@niceforyou.comwww.niceforyou.com

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