Zegna Investor Day Presentation Deck

2022 STARTED WELL-Q1 2022 SALES REVIEW Q1 UNAUDITED GROUP REVENUES BREAKDOWN BY CHANNEL +23.1% DTC +31.4% WHOLESALE PUSHED BY TEXTILE AND THIRD-PARTY BRANDS BOTH GROWING STRONGLY COMPARED TO Q1 2021 (Euro thousands in Actual FX) 17/05/22 GROUP REVENUES DTC Zegna branded products¹ DTC Thom Browne TOTAL DIRECT to CONSUMER (DTC) Wholesale Zegna branded products¹ Wholesale Thom Browne Wholesale Third Party Brands and Textile Wholesale Agnona TOTAL WHOLESALE OTHER ● ● Q1 2022A UNAUDITED 1 Zegna branded products include apparel, bags, shoes and small and large leather goods, as well as licensed goods and royalties. NOTE: Revenues are after eliminations. NOTE: Q1 21 and Q1 22 revenues are unaudited. 377,579 183,909 34,181 218,090 40,070 63,756 54,646 25 158,497 992 % on Revenue 100% 58% 42% 0% Q1 2021A UNAUDITED 301,194 149,228 27,947 177,175 34,255 52,276 33,936 139 120,606 3,413 Ermenegildo Zegna Group % on Revenue 100% 59% 40% 1% ▲ % vs 2021A +25.4% +23.2% +22.3% +23.1% +17.0% +22.0% +61.0% (82.0%) +31.4% (70.9%) DTC Zegna branded products: growth @ +23.2% vs Q1 21, pushed by EMEA/Americas, and GCR slightly negative due to COVID restrictions since March DTC Thom Browne: growth @ +22.3% vs Q1 21, with strong growth in EMEA, North America and Japan offset by the Covid-19 related restrictions in the Greater China Region Wholesale Zegna branded products/Thom Browne: both growing solidly vs Q1 21 (respectively +17.0% and +22.0%) thanks to strong SS22 deliveries mostly to Western European markets, US and APAC 127

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