PATTERN S.P.A.

Direction and coordination BO.MA. Holding S.r.l.

FINANCIAL STATEMENTS AT 31 DECEMBER 2022

registered office in Collegno, via Italia 6/a

authorized share capital € 1,436,292.90 of which € 1,426,292.90 subscribed and paid up

listed with the Turin Company Register no. 10072750010 tax code

R.E.A. no. 1103664

PATTERN S.P.A.

CONTENTS

INTRODUCTION

5

COMPANY OVERVIEW

5

COMPOSITION OF CORPORATE BODIES

6

NOTICE OF CALL OF ORDINARY AND EXTRAORDINARY SHAREHOLDERS' MEETING

7

LETTER TO SHAREHOLDERS AND STAKEHOLDERS

11

SHAREHOLDER BASE

13

PATTERN GROUP AND ITS HISTORY

14

PATTERN GROUP IN FIGURES: 2022 HIGHLIGHTS

15

CORPORATE STRUCTURE OF THE GROUP

16

PATTERN SHARE PERFORMANCE IN 2022

17

DIRECTORS' REPORT ON OPERATIONS AT 31 DECEMBER 2022

18

MARKET SCENARIO

19

MEDIUM-TERM STRATEGY

21

SIGNIFICANT EVENTS IN THE PERIOD

23

GROUP CAPITAL EXPENDITURE

26

GROUP OPERATING AND FINANCIAL SITUATION

27

OPERATING AND FINANCIAL SITUATION OF PATTERN SPA

37

ACTIVITIES CARRIED OUT THROUGH SUBSIDIARIES; DEALINGS WITH SUBSIDIARIES, ASSOCIATES, PARENTS AND

"AFFILIATES"

43

MAIN RISKS AND UNCERTAINTIES TO WHICH THE GROUP IS EXPOSED

44

ENVIRONMENTAL IMPACT OF OPERATIONS

47

EMPLOYEES AND IT SYSTEMS

48

RESEARCH AND DEVELOPMENT

50

TREASURY SHARES AND SHARES OF PARENT COMPANIES

51

FINANCIAL DERIVATIVES

51

BRANCH OFFICES

51

INTRAGROUP AND RELATED PARTY TRANSACTIONS

51

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2022

52

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

53

CONSOLIDATED INCOME STATEMENT

56

CONSOLIDATED STATEMENT OF CASH FLOWS

58

ACQUISITION OF INVESTMENTS IN SUBSIDIARIES

60

EXPLANATORY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AT 31/12/2022

61

Financial statements at 31 December 2022

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PATTERN S.P.A.

FOREWORD

61

CONSOLIDATION SCOPE

61

1. CONSOLIDATION PRINCIPLES

73

2. PREPARATION STANDARDS

73

3. VALUATION CRITERIA

75

4. ANALYSIS OF AND COMMENTS ON THE MAIN ITEMS OF THE CONSOLIDATED FINANCIAL STATEMENTS

85

STATEMENT OF FINANCIAL POSITION

85

INCOME STATEMENT

109

5. OTHER INFORMATION

113

HEADCOUNT

113

FEES TO THE DIRECTORS AND STATUTORY AUDITORS

113

FEES TO THE INDEPENDENT AUDITORS

113

GUARANTEES, COMMITMENTS AND CONTINGENT LIABILITIES

113

TRANSACTIONS WITH RELATED PARTIES

114

AGREEMENTS NOT RESULTING FROM THE STATEMENT OF FINANCIAL POSITION

115

SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD OF THE CONSOLIDATED FINANCIAL STATEMENTS

115

OUTLOOK FOR THE YEAR

115

FINANCIAL DERIVATIVES PURSUANT TO ARTICLE 2427-BIS OF THE ITALIAN CIVIL CODE

115

ANNEXES TO THE CONSOLIDATED FINANCIAL STATEMENTS

117

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (ANNEX A)

117

RECONCILIATION BETWEEN PARENT COMPANY EQUITY AND RESULTS AND CONSOLIDATED EQUITY AND

RESULTS (ANNEX B)

118

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT SHOWING THE CHANGES IN

THE YEAR (ANNEX C)

119

ANALYTICAL CONSOLIDATED STATEMENT OF FINANCIAL POSITION (ANNEX D)

122

FINANCIAL STATEMENTS AT 31 DECEMBER 2022

127

STATEMENT OF FINANCIAL POSITION

128

INCOME STATEMENT

131

STATEMENT OF CASH FLOWS, INDIRECT METHOD

133

EXPLANATORY NOTES TO THE FINANCIAL STATEMENTS AT 31/12/2022

135

FOREWORD

135

PART I: GENERAL PRINCIPLES

136

PART II: PRINCIPLES FOR THE PREPARATION OF THE FINANCIAL STATEMENTS

136

PART III: ACCOUNTING AND VALUATION CRITERIA

137

PART IV: REVIEW OF INDIVIDUAL ITEMS

146

Notes - Assets

146

Financial statements at 31 December 2022

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PATTERN S.P.A.

Notes - Liabilities and equity

158

Notes, income statement

169

PART V: ADDITIONAL INFORMATION

177

Headcount

177

Fees, advances and receivables granted to directors and statutory auditors and commitments undertaken on

their behalf

177

Fees to the Auditor or to the Independent Auditors

177

Categories of shares issued by the company

178

Securities issued by the company

178

Details of other financial instruments issued by the company

178

Commitments, guarantees and contingent liabilities not resulting from the statement of financial position178

Assets and loans allocated for a specific transaction

179

Transactions with related parties

179

Agreements not resulting from the statement of financial position

179

Significant events after year end

179

Entities that prepare the financial statements of the larger/smaller body of entities they are part of as

subsidiaries

180

Reclassified statement of financial position

180

Financial derivatives pursuant to Article 2427-bis of the Italian Civil Code

181

Summary of the financial statements of the company exercising direction and coordination

181

Information pursuant to Article 1, paragraph 125, of Law no. 124 of 4 August 2017

182

Proposed allocation of profit or coverage of losses

182

BOARD OF STATUTORY AUDITORS' REPORT

INDEPENDENT AUDITORS' REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS

INDEPENDENT AUDITORS' REPORT ON THE FINANCIAL STATEMENTS

Financial statements at 31 December 2022

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PATTERN S.P.A.

INTRODUCTION

COMPANY OVERVIEW

Registered office

PATTERN S.P.A.

registered office in via Italia 6/a 10093 - Collegno (TO) - Italy Tel. 011/4531597

Legal data

Joint stock company listed on Euronext Growth Milan

Authorized share capital € 1,436,292.90, of which € 1,426,292.90 subscribed and paid up, tax code, VAT no. and registration number with the Turin Company Register: 10072750010

R.E.A. of Turin no. 1103664

Direction and coordination:

BO.MA. Holding S.r.l.

Registered office in Via Ottavio Assarotti 10 10122 - Turin (TO) - Italy

Tax Code and VAT number: 12067380019

Financial statements at 31 December 2022

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Pattern S.p.A. published this content on 09 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2023 07:26:07 UTC.