Zegna Results Presentation Deck

GROUP KEY HIGHLIGHTS 1H 2023 Revenues¹ €903 million +23.9% YoY +24.7% CFX² +21.5% organic³ 2-year Stacks Zegna branded products: 1H23 @+43.9% (or +20.0% CAGR) 2Q23 @ +39.8% (or +18.2% CAGR) Thom Browne: 1H23 @ +45.5% (or +20.6% CAGR) 2Q23 @ +52.3% (or +23.4% CAGR) Ermenegildo Zegna Group 2Q 2023 Revenues¹ €475 million +35.1% YoY +37.4% CFX² +24.5% organic³ 2025 Outlook Annual revenues expected to exceed €2 billion Adjusted EBIT Margin4 expected to reach at least 15% (excluding the TOM FORD FASHION segment) 1H 2023 and FY 2023 results to comfortably confirm this ¹ Throughout this presentation, revenues for the first half of 2023 and the second quarter of 2023 are preliminary and unaudited. 2 Revenue growth at constant currency is a non-IFRS financial measure. See the Non-IFRS Financial Measures section starting on page 32 of this presentation for the definition of such non-IFRS measure 3 Organic growth is a non-IFRS financial measure. See the Non-IFRS Financial Measures section starting on page 32 of this presentation for the definition of such non-IFRS measure and a reconciliation to the most directly comparable IFRS measure. 4 Adjusted EBIT is a non-IFRS financial measure. See the Non-IFRS Financial Measures section starting on page 32 of this presentation for the definition of such non-IFRS measure. 5 Calculated as 1H23 vs 1H21 revenues and 2Q23 vs 2021 revenues, respectively. 4

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