GEOX GROUP - 9M21 SALES -

NOVEMBER 11, 2021

9M21 RESULTS| EXECUTIVE SUMMARY

F, OCTOBER 2021

*ANTE IFRS 16 AND AFTER FAIR VALUE ADJ OF DERIVATIVES

9M21 RESULTS

  • 9M21 SALES AT 463.5 MLN€: +7.8% (+8.9% AT COSTANT FOREX) DRIVEN BY WHOLESALE AND BY DOS RE-OPENINGS STARTED IN 2Q21
  • 3Q21 SALES AT 199.4 MLN€: +7.1% (+7.4% AT COSTANT FOREX). LFL DOS: +7.2% VS 3Q20 AND -3.7% VS 3Q19
  • NET WORKING CAPITAL UNDER CONTROL AT 157 MLN€, WELL BELOW 9M20 (215 MLN€) AND 9M19 LEVEL (243 MLN€)
  • NET FINANCIALPOSITION adj* AT THE END OF SEPT AT -95.5 MLN€ (-108.2 MLN€ IN JUNE 2021 AND -99.8 MLN€ IN DECEMBER 2020)

CURRENT TRADING

  • DOS NETWORK UPDATE: 100% OPEN FROM JULY 1. NEW LOCKDOWN IN RUSSIA (29 DOS CLOSED FROM OCT 28 TO NOV 7).
  • CURRENT TRADING: LFL DOS (WEEK 44) +17% YTD

LFL DOS 4Q TO DATE +50% VS 4Q20 AND +3% VS 4Q19. CONTINUES THE RELEVANT IMPROVEMENT IN

MARKDOWN

2

GEOX RESTRUCTURING PLAN - MISSION ACCOMPLISHED -

NETWORK RATIONALIZATION

CANADA

USA

EUROPE

UK

GERMANY

JAPAN

SERBIA

TOTAL GEOX STORES

974 -20%783

FY19FY21E

RESTRUCTURING PROCESS (NoI):

  • EXIT FROM 10 DOS
  • MANTEINANCE OF 20 DOS WITH A RELEVANT REDUCTION OF RENT

RESTRUCTURING PROCESS WITH EXIT FROM PHISICAL RETAIL (2 DOS)

CLOUSURE OF THE RETAIL BRANCHES (FRANCE, GERMANY, UK, SPAIN, AUSTRIA) OF THE ITALIAN COMPANY MOVING THE BUSINESS INTO THE COUNTRIES' SUBSIDIARIES FOR A FULL OMNICHANNEL APPROACH

OUT-OF-COURT RESTRUCTURING PROCESS WITH THE EXIT FROM 3 DOS (ON A TOTAL OF 6 DOS)

OUT-OF-COURT RESTRUCTURING PROCESS WITH THE EXIT FROM 11 DOS (ON A TOTAL OF 27 DOS)

LIQUIDATION OF THE SUBSIDIARY WITH THE EXIT FROM PHISICAL RETAIL (7 DOS) AND THE TRANSFER OF THE BUSINESS TO A DISTRIBUTOR

CLOUSURE OF THE SERBIAN PLANT (AUGUST 2021) AND DISPOSAL OF THE PLANT (NOVEMBER 11, 2021)

EBIT 2019 = -5.6 MLN€

EBIT 2019 = -4.7 MLN€

FWC 2019 (14 DOS) = -1.3 MLN€

EBIT 2019 = -2.7 MLN€

3

GEOX SHOPS NETWORK| RATIONALIZATION PROCESS

GEOX SHOPS NETWORK - EVOLUTION BY TYPE -

9M21 VS 9M2O

9M21 VS 9M19

9M21 VS 9M2O

(PERIMETER EFFECT

9M21 VS 9M19

(PERIMETER EFFECT

30-Sep-21

31-Dec-20

30-Sep-20

30-Sep-19

(DELTA STORES)

ON SALES, MLN€)

(DELTA STORES)

ON SALES, MLN€)

DOS

359

410

420

449

-61

-9.7

-90

-32.2

FRANCHISING

302

322

338

391

-36

-5

-89

-18

UNDER DISTRIBUTION

AGREEMENTS

122

135

133

135

-11

-13

TOTAL

783

867

891

975

-108

-14.7

-192

-50.2

Padova, new opening in 3Q21

GEOX SHOPS NETWORK - EVOLUTION BY AREA -

9M21 - EVOLUTION BY AREA -

30-Sep-21

31-Dec-20

30-Sep-20

NET OPENINGS

OPENINGS

CLOSURES

GEOX SHOPS

of which DOS

GEOX SHOPS

of which DOS

GEOX SHOPS

of which DOS

ITALY

-26

2

-28

ITALY

200

129

226

139

238

143

EUROPE

-33

2

-35

EUROPE

213

120

246

142

249

145

NORTH AMERICA

21

21

24

24

26

26

NORTH AMERICA

-3

-

-3

ROW

349

89

371

105

378

106

ROW

-22

23

-45

TOTAL

-84

27

-111

TOTAL

783

359

867

410

891

420

4

COVID-19IMPACTS ON DOS | PROGRESSIVE IMPROVEMENT IN LFL FROM MID-MARCH

DOS: OPERATING STATUS AND LFL

% DOS

OPEN*

VIETNAM SUPPLY CHAIN ISSUES

WITH A TEMPORARY PRODUCT

SHORTAGE IN DOS IN SEPTEMBER

56%

50%

CURRENT TRADING (WEEK 44):

▪

LFL YTD +17% (B&M +23%,

ONLINE +15%)

7%

▪ 4Q TO DATE: LFL +50% VS 2020 AND +3% VS 2019

% DOS

CLOSED*

15%

-20%

LFL IN %

23%

20%

-15%

2%

51%

-16%

34%

-40%

LOCKDOWN IN RUSSIA

(29 DOS CLOSED FROM 28

OCT TO 7 NOVEMBER)

-59%

1Q20

2Q20

3Q20

4Q20

1Q21

2Q21

3Q21

4Q21 TO DATE

DOS: OPERATING STATUS AND LFL: DETAILS BY QUARTERS

1Q20

2Q20

3Q20

4Q20

1Q21

2Q21

3Q21

LFL DOS, of which

-20%

LFL DOS, of which

-59%

LFL DOS, of which

-16%

LFL DOS, of which

-40%

LFL DOS, of which

-15%

LFL DOS, of which

56%

LFL DOS, of which

7%

B&M

-25%

B&M

-72%

B&M

-21%

B&M

-55%

B&M

-32%

B&M

85%

B&M

6%

ONLINE

21%

ONLINE

59%

ONLINE

37%

ONLINE

45%

ONLINE

85%

ONLINE

-7%

ONLINE

16%

% DOS CLOSED

15%

% DOS CLOSED

51%

% DOS CLOSED

1%

% DOS CLOSED

23%

% DOS CLOSED

34%

% DOS CLOSED

20%

% DOS CLOSED

0%

19% DOS CLOSED IN 9M21

23% DOS CLOSED IN 9M20

LFL +12% VS 9M20 (B&M +9%, ONLINE +25%)

LFL-32.3% VS 9M19 (B&M -39%, ONLINE +39%)

LFL -23% VS 9M19 (B&M -34%, ONLINE +75%)

*NUMBER OF DOS CLOSED/OPEN DIVIDED BY TOTAL NUMEBER OF DOS ON DAILY BASIS;

5

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Geox S.p.A. published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 16:46:03 UTC.