Zegna Results Presentation Deck

1H 2022 GROUP PROFITABILITY Sound profitability despite increase in costs Adjusted EBIT of €82.7 million, +24% y-o-y Adjusted EBIT margin of 11.3% vs. 11.1% in 1H 2021 Top line growth Positive pricing and richer product content Higher sell-through, up double-digits (ex-GCR) Scale effect and fixed cost leverage in B2B from industrial capacity utilization ● ● ● ● ● ● Operational & productivity improvements All more than offset: ● 1919 F F F LANIFICIO ERMENEGILDO ZEGNA E FIGLI 100 Unfavourable country mix Anticipated step-up in central costs: mainly corporate structure costs, marketing expenses, and other operating charges Ermenegildo Zegna Group 16

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