AZIMUT HOLDING S.p.A.

Consolidated interim financial report at

31 March 2023

Contents

Company bodies

3

Azimut Group's highlights and indicators

4

Management report

7

Azimut Group consolidated financial statements

23

Basis of preparation

27

Statement pursuant to article 154-bis, paragraph 2 of the Consolidated Law on

44

Finance

Consolidated interim financial report at 31 March 2023

2

Company bodies

Board of Directors

Pietro Giuliani

Chairman

Gabriele Blei

Chief Executive Officer

Massimo Guiati

Chief Executive Officer

Paolo Martini

Chief Executive Officer

Giorgio Medda

Chief Executive Officer

Alessandro Zambotti

Chief Executive Officer

Daniela Pavan (*)

Director

Monica De Pau (*)

Director

Anna Maria Bortolotti

Director

Fiorenza Dalla Rizza

Director

Marcello Foa

Director

Silvia Priori

Director

Vittoria Scandroglio

Director

Costanza Bonelli

Director

Nicola Colavito

Director

Marco Galbiati

Director

Board of Statutory Auditors

Marco Lori

Chairman

Stefano Fiorini

Standing auditor

Maria Catalano

Standing auditor

Chiara Segala

Alternate auditor

Francesca Asquasciati

Alternate auditor

(*) in office for one year (2023)

Consolidated interim financial report at 31 March 2023

3

Azimut Group's highlights and indicators

AZIMUT GROUP'S STRUCTURE

The Azimut Group operates globally in 18 countries and is comprised of the parent company, Azimut Holding S.p.A., and 149 subsidiaries.

Company figures updated to 31/03/2023

Note (1): controls the distribution companies M&O Consultoria, FuturaInvest, Azimut Brasil Wealth Management and Gudance Gestora de Recursos

Note (2): controls AZ Sinopro Insurance Planning.

Note (3): 30% held by Azimut Capital Management SGR S.p.A. and 19% by Azimut Financial Insurance S.p.A., both owned by Azimut Holding S.p.A..

Note (4): controlled by AZ Mexico Holdings.

Consolidated interim financial report at 31 March 2023

4

Azimut Group-Highlights at 31 March 2023

1989

Year of incorporation

2004

Year of flotation

83 billion

Total assets

18 countries

Geographical coverage

2.6 billion

Net inflows

1,869

Financial advisors

326 million

Total income

101 million

Net profit for the period

1,634

Employees

19.70

Share price

Azimut Group-Indicators

Financial indicators

01/01/2023-

01/01/2022-

Change

2022

(millions of euro)

31/03/2023

31/03/2022

Absolute

%

Total income:

326

327

-1

0%

1,287

- of which fixed management

285

257

28

11%

1098

fees

EBIT

150

135

15

11%

547

Net profit for the period

101

96

5

5%

402

Net inflows (billions of euro)

2.6

1.7

0.9

55%

8.5

Operating indicators

31/03/2023

31/12/2022

31/03/2022

Financial advisors

1,869

1,851

1,860

AUM, net (billions of euro)

57.3

55.1

53.8

Consolidated interim financial report at 31 March 2023

5

Attachments

Disclaimer

Azimut Holding S.p.A. published this content on 31 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 10:17:14 UTC.