Zegna Investor Presentation Deck

3. The Thom Browne factor DISTINCTIVE MODERN LUXURY Womenswear as % of revenues Revenues (US$m)¹ Adj. EBIT as % of revenues Total retail network³ The benefits of a strong fit with the Zegna platform THOM BROWNE. NEW YORK NEW TURK 26% 139 Before acquisition (2018A) -10%² 32 ✓ -25% CAGR +~4% +44 Full integration with Zegna's luxury laboratory 30% 271 Today (2021E) 14% 76 -15% CAGR +~4% +25 Embodies Zegna's innovation and digital initiatives 38% 361 Tomorrow (2023E) 18% 101 Successfully leveraged Zegna's primary knowledge of the Chinese market Source: Company information and Management estimates as of Jun-21 for 2021E and 2023E Zegna business plan Notes: See Appendix for important information about Core and other non-IFRS financial metrics 1. Includes royalties 2. Includes the impact of an €8m charge recognized in the 2019 profit and loss relating to the purchase price step-up of the fair value of the inventory in 2019 as part of the PPA of the Thom Browne acquisition 3. Includes DOS, franchised and travel retail stores, as well as shop-in-shop concessions 11 PE 4 26

View entire presentation