Zegna Investor Day Presentation Deck
CAPITAL MARKETS DAY
Disclaimer
Non-IFRS Financial Measures
Zegna's management monitors and evaluates operating and financial
performance using several non-IFRS financial measures including:
adjusted earnings before interest and taxes ("Adjusted EBIT"), Adjusted EBIT
Margin and Net Financial Indebtedness/(Cash Surplus).
Zegna's management believes that these non-IFRS financial measures
provide useful and relevant information regarding Zegna's financial
performance and financial condition, and improve the ability of management
and investors to assess and compare the financial performance and
financial position of Zegna with those of other companies. They also provide
comparable measures that facilitate management's ability to identify
operational trends, as well as make decisions regarding future spending,
resource allocations and other strategic and operational decisions.
While similar measures are widely used in the industry in which Zegna
operates, the financial measures that Zegna uses may not be comparable
to other similarly named measures used by other companies nor are they
intended to be substitutes for measures of financial performance
or financial position as prepared in accordance with IFRS. Please see the
Non-IFRS Financial Measures on Page 146 for Non-IFRS Measures
definitions and reconciliation tables.
Ermenegildo Zegna Group
OUR ROAD TO TOMORROW
Forward Looking Statements
This presentation contains forward-looking statements that are based on beliefs and
assumptions and on information currently available to us. In particular, statements
regarding future financial performance and the Group's expectations as to the
achievement of certain targeted metrics, including revenues, Adjusted EBIT, Adjusted
EBIT Margin, Net Financial Indebtedness/Cash Surplus, store productivity, number of
stores and capital expenditures at any future date or for any future period are forward-
looking statements. In some cases, you can identify forward-looking statements by the
following words: "may," "will," "could," "would," "should," "expect," "intend," "plan,"
"anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing,"
"target," "seek," "aspire," "goal," "outlook," "guidance," "forecast," "prospect" or the
negative or plural of these words, or other similar expressions that are predictions
or indicate future events or prospects, although not all forward-looking statements
contain these words. Any statements that refer to expectations, projections or other
characterizations of future events or circumstances, including strategies or plans,
are also forward-looking statements. These statements involve risks, uncertainties
and other factors that may cause actual results, levels of activity, performance or
achievements to be materially different from the information expressed or implied by
these forward-looking statements, and, as such, undue reliance should not be placed
on them. Actual results may differ materially from those expressed in forward-looking
statements as a result of a variety of factors, including: the recognition, integrity and
reputation of our brands; our ability to anticipate trends and to identify and respond
to new and changing consumer preference; the COVID-19 pandemic or similar public
health crises; international business, regulatory, social and political risks; the conflict
in Ukraine and sanctions imposed onto Russia; the occurrence of acts of terrorism or
similar events, conflicts, civil unrest or situations of political instability; developments
in Greater China and other growth and emerging markets; our ability to implement
our strategy; recent and potential future acquisitions; disruption to our manufacturing
© COPYRIGHT ERMENEGILDO ZEGNA GROUP 2023
05.12.23
and logistics facilities; risks related to the sale of our products through our direct-
to-consumer channel, as well as through points of sale operated by third parties; our
dependence on our local partners to sell our products in certain markets; fluctuations
in the price or quality of, or disruptions in the availability of, raw materials; our ability
to negotiate, maintain or renew our license or co-branding agreements with high
end third party brands; tourist traffic and demand; our dependence on certain key
senior personnel as well as skilled personnel; our ability to protect our intellectual
property rights; disruption in our information technology, including as a result of
cybercrime; the theft or unauthorized use of personal information of our customers,
employees or other parties; fluctuations in currency exchange rates or interest
rates; the level of competition in the industry in which we operate; global economic
conditions and macro events, including inflation; failures to comply with applicable
laws and regulations; climate change and other environmental impacts and our ability
to meet our customers' and other stakeholders' expectations on environment, social
and governance matters; the enactment of tax reforms or other changes in tax laws
and regulations; and other risks and uncertainties, including those described in our
filings with the SEC. Most of these factors are outside our control and are difficult to
predict. In light of the significant uncertainties in these forward-looking statements,
you should not regard these statements as a representation or warranty by us and our
directors, officers or employees or any other person that we will achieve its objectives
and plans in any specified time frame, or at all. The forward-looking statements in
this presentation represent our views as of the date of this presentation. Subsequent
events and developments may cause that view to change. However, while we may elect
to update these forward-looking statements at some point in the future, we disclaim
any obligation to update or revise publicly forward-looking statements. You should,
therefore, not rely on these forward-looking statements as representing our views as of
any date subsequent to the date of this presentation.
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