Geox S p A : Group - 1H22 Results

1H22 RESULTS PRESENTATION

Livio Libralesso, CEO

IMAGES CONTAINED IN THIS PRESENTATION ARE PART OF THE FW22 CAMPAIGN BY M&C SAATCHI AND SHOOTED WITH STEFANIA PAPARELLI AND FRANCESCO VAN STRATEN

1H22 RESULTS: EXECUTIVE SUMMARY

1H22 RESULTS

THE SECOND PHASE 'BIGGER & BETTER' OF THE BPAIMED AT RELAUNCHING THE BRAND THROUGH A NEW STRATEGIC MARKETING PROJECT AND A NEW OMNICHANNEL BUSINESS MODEL BASED ON THE CENTRALITY OF CUSTOMERS AND DISTRIBUTION IS BRINGING THE EXPECTED RESULTS

T O T A L S A L E S I N 1 H 2 2 A T 3 4 0 . 6 M L N € ( + 2 9 % )

2 Q 2 2 ( + 3 5 % V S 2 Q 2 1 A N D + 1 3 % V S 2 Q 1 9 ) R E P R E S E N T T H E S T R O N G E S T 2 Q I N T H E H I S T O R Y O F G E O X I N T E R M S O F S A L E S

G R O S S M A R G I N A T 4 7 . 3 % ( - 6 0 B P S V S 1 H 2 1 ) M A I N L Y D U E T O S U P P L Y C H A I N I S S U E S .

E B I T D A A N T E I F R S 1 6 A T B R E A K - E V E N

N F P ( A N T E I F R S 1 6 * ) A T - 3 1 . 0 M L N € ( - 1 0 8 . 2 M L N € I N J U N E 2 1 A N D - 6 4 . 3 M L N € I N D E C 2 1 ) T H A N K S T O T H E S T R I C T C O N T R O L O N N E T W O R K I N G C A P I T A L ( 9 4 M L N € O R 1 3 . 8 % O F T O T A L S A L E S v s 1 6 9

M L N € O R 3 0 . 4 % I N J U N E 2 0 2 1 ) A N D T H E P O S I T I V E V A L U E O F T H E H E D G I N G D E R I V A T I V E S

CURRENT PERFORMANCE

D O S ( W 2 9 ) : L F L Y T D D O S + 3 5 % V S 2 0 2 1 ( - 2 % V S 2 0 1 9 ) W I T H A R E L E V A N T I M P R O V E M E N T I N M A R K D O W N S .

W H O L E S A L E : S T R O N G S T A R T F O R T H E S S 2 3 S A L E S C A M P A I G N

I S S U E S O N S U P P L Y C H A I N P E R S I S T , E V E N I F S H I P P I N G L E A D T I M E S A R E E X P E C T E D T O I M P R O V E I N T H E N E X T M O N T H S . C O S T S I N F L A T I O N ( T R A N S P O R T , E N E R G Y A N D G O O D S ) R E M A I N H I G H

3

* AND AFTER FAIR VALUE OF HEDGING DERIVATIVES

2019 -2022: DISTRIBUTION NETWORK RATIONALIZATION

GEOX STORES EVOLUTION

5