Salvatore Ferragamo

Earnings Release • May 14, 2025

9M 2024 RESULTS UPDATE REVENUE UPDATE Q1 2025 REVENUE UPDATE

PRESENTATION ANALYST PRESENTATION

ANALYST

OCTOBER 15, 2024

MAY 14, 2025

DISCLAIMER

This presentation contains forward-looking statements regarding future events and results of the Company that are based on the current expectations, projections and assumptions of the management of the Company.

The actual results may differ materially from those expressed in any forward-looking statement and the Company does not assume any liability with respect thereto.

This document has been prepared solely for this presentation and does not constitute any offer or invitation to sell or any solicitation to purchase any share in the Company.

The Manager in Charge of preparing the Company financial reports hereby certifies pursuant to paragraph 2 of art. 154-bis of Legislative Decree no. 58 of February 24, 1998, that the accounting disclosures of this document are consistent with the accounting documents, ledgers and entries.

In these first months of the year, our main priority continues to be centred on our leather core business, further consolidating the handbags category, where we are strengthening the carryovers offer like the Hug and introducing new best sellers like the Soft bag . These efforts drove the positive performance of the leather goods category in the first quarter .

We are also working on optimizing the ladies' shoes offer, focusing on our key functions models, ballerina and pumps, exploiting best sellers and developing new lines . For men's shoes we aim to cover an extensive range of segments from sportive -hybrid to elegant -formal, leveraging on our most iconic shoes .

We continue to enrich our assortment with different price points and functions in all categories, to enhance customers' engagement, also through an agile omnichannel and targeted marketing approach, with in store activations and attractive digital content .

The difficult macroeconomic environment, weighing on consumers' confidence, impacted the first quarter's performance, driving a decrease in traffic, only partly offset by higher conversion rate and increase in the average ticket . Our DTC continued to register positive results in Europe, Japan and Latin America, neutralized by the negative performance in Asia Pacific, while our Wholesale channel posted a good performance in all geographies .

Mindful of the increasingly uncertain scenario, we will continue to update the product offer closer to our customers' desires, and strengthen our market position, leveraging on our strong DNA and creative capabilities, while executing with flexibility and operational discipline .

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Q1 2025 BUSINESS UPDATE

Q1 | FOCUS ON PRODUCT

MAIN ADV CAMPAIGN PRE SPRING 25

WINTER ESCAPE	TRAMEZZA @PITTI FLORENCE	MEN'S BELT (ESQUIRE)	GIANT SHOES	VDAY

STRONG FOCUS ON CORE CATEGORIES (SHOES AND BAGS)

Q1 | FOCUS ON PRODUCT

SOFT BAG TIMEPIECES SHOE FOCUS FW25 FASHION SHOW MAIN ADV CAMPAIGN SS25 SS25

STRONG FOCUS ON CORE CATEGORIES (SHOES AND BAGS)

Q1 | FW25 Fashion show feedback

BEST SHOW IN MILAN: 1- FERRAGAMO

THE IMPRESSION

3RD BEST SHOW IN MILAN: 3 - FERRAGAMO

8TH BEST SHOW WW 8 - FERRAGAMO

SOCIAL MEDIA SOV

In the TOP 10 of the brands dominating the Social Conversation

THE IMPRESSION WWD JAPAN PRESS REVIEWS

THE WOW FACTOR
THE ENGAGEMENT FACTOR
THE STYLING
THE CRAFTSMANSHIP
THE RETAIL READINESS

«Davis continues to evolve an heritage brand into a contemporary and sophisticated fashion house»

«The dance inspiration is important, good to continue this narrative from the previous collection»

«Men's is more clear and sharp, good tailoring and fashion elements: this show men's gained a lot of good comments, compared to past reviews»

«Shoes, the wedges inspired by an archive design stand out as the most interesting shoes in the show»

«Red is recognized as Ferragamo»

«Bags look great: Hug is perceived more and more as THE iconic Ferragamo bag»

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Q1 | Enriching the Customer Journey - New store concept

OSAKA Umeda Hankyu Woman Leather Goods

TAIPEI 101 Flagship

ELEVATE IN - STORE EXPERIENCE

Q1 | Enriching the Customer Journey - New store concept

SEOUL Shinsegae Woman

NAGOYA Matsuzakaya

ELEVATE IN - STORE EXPERIENCE

Q1 2025 REVENUE *

9M 2024

REVENUE *

* "NON-AUDITED" * "NON-AUDITED"

Q1 2025 REVENUE BY DISTRIBUTION CHANNEL

1. Other income includes: Hedging, licenses & other revenues, rental income investment properties

2. YoY var at Constant FX calculated only on licenses & other revenues, rental income investment properties components

Q1 2025 Total Net Revenues down 3% (-1% at const. FX), penalized by the negative consumer environment in Asia Pacific and the weak performance of the secondary DTC* channel.

DTC*, at const. FX down 5% vs. Q1 2024, with the positive results in Europe, Japan and Latin America neutralized by the negative performance in Asia Pacific.

WHL, at const. FX, up 10% vs. Q1 2024, with positive results in all geographies.

* DTC (Direct To Consumer) channel consists of directly operated mono-brand stores (DOS), as well as e-commerce platforms of direct to customers online sales. Primary DTC consists of directly operated mono-brand primary stores and e-commerce platforms of direct to customers online sales, while secondary DTC consists of directly operated mono-brand outlet stores.

Q1 2025 NET SALES BY REGION

EMEA up 8% in Q1 2025, with positive results both for DTC* and Wholesale. The primary DTC* continued to overperform the secondary channel, driven by both tourists', in particular by

American customers, and locals' purchases.

North America up 2% in Q1 2025, driven by the positive performance of the primary DTC* and of the Wholesale channel.

Latin America up 12% in Q1 2025, with DTC* showing a double-digit positive performance versus last year and also Wholesale showing a positive result.

Asia Pacific down 14% in Q1 2025, challenged by the overall weak consumer environment significantly impacting traffic.

Japan up 4% in Q1 2025, mainly driven by tourists' purchases.

Note: all data at const. FX.

* DTC (Direct To Consumer) channel consists of directly operated mono-brand stores (DOS), as well as e-commerce platforms of direct to customers online sales. Primary DTC consists of directly operated mono-brand primary stores and e-commerce platforms of direct to customers online sales, while secondary DTC consists of directly operated mono-brand outlet stores.

YOY var, % Shoes down 10% in Q1 2025, mainly due to the negative performance in Asia Pacific and of the secondary DTC* channel in the other regions.

Leather Goods and Handbags up 10% in Q1 2025, driven by the performance of the HUG bag line.

Silk & Other Accessories down 3% in Q1 2025.

RTW down 3% in Q1 2025 .

Note: all data at const. FX.

* DTC (Direct To Consumer) channel consists of directly operated mono-brand stores (DOS), as well as e-commerce platforms of direct to customers online sales. Primary DTC consists of directly operated mono-brand primary stores and e-commerce platforms of direct to customers online sales, while secondary DTC consists of directly operated mono-brand outlet stores.

DOS NETWORK @ 31.03.2025

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9M 2024 Q&A Q1 2025 Q&A

9M 2024

Q&A

ANNEX

Q1 2025 REVENUE BY DISTRIBUTION CHANNEL

March YTD
				Δ %	Weight on	Weight on
(Euro MM)	2025	2024	Δ %	Const FX	Tot 2025	Tot 2024
DTC *	163.7	169.8	-3.6%	-4.5%	74.1%	74.8%
Wholesale	53.9	49.9	7.9%	10.3%	24.4%	22.0%
Net Sales	217.6	219.7	-0.9%	-1.2%	98.4%	96.8%
Hedging	(1.8)	2.4	nm	nm	-0.8%	1.1%
Licences & Other Revenues	4.2	4.0	6.7%	6.7%	1.9%	1.7%
Rental income	1.0	0.9	17.8%	14.2%	0.5%	0.4%
Total Net Revenues	221.1	227.0	-2.6%	-1.0%	100.0%	100.0%

* DTC (Direct To Consumer) channel consists of DOS and directly managed online boutique/e-commerce platforms.