Zegna Results Presentation Deck

FY 2021 PRELIMINARY REVENUES AND FY2022 GUIDANCE: KEY HIGHLIGHTS Overall Stong Performance with Revenues Exceeding Plan ¹ 1 Continued strengthening of the business as we emerge from the health crisis: Consolidated Revenues of EUR 1,292.4 million, +27% at actual rates vs. 2020A and -2% vs. 2019A ● ● Strong Performance by Zegna segment ³: Revenues EUR 1,035 million, +23% at actual rates vs, 2020A and -11% vs. 2019A Exceptional Revenue Growth from Thom Browne segment³: Revenues EUR 264 million, + 47% at actual rates vs. 2020A and +64% vs. 2019A US, Greater China, UAE driving excellent results Strong performance from Retail reflecting strategic focus on increasing control of distribution Guidance: Successfully Moving Forward More Quickly Than Anticipated Raising FY 2021 adjusted EBIT margin² guidance to around 10%, up from 9% in July 20211 2021 Preliminary Net Financial Indebtedness24, Slightly Positive Thanks to Healthy Cash Generation Ahead of Plan¹ 2022 guidance: ● ● ● ● ● Ermenegildo Zegna Group ● 2022 sales growth at low-teens at actual FX vs. 2021 Further improvement in Adjusted EBIT margin ² Operating ahead of the business plan presented in July 2021 1 1. Zegna Group Plan was published at the time of the announcement of the business combination between the Company and Investindustrial Acquisition Corp. ("IIAC"). The Group's Plan was also disclosed in the Company's registration statement on Form F-4 filed with the SEC (File No. 333-259139), under "Certain Unaudited Zegna Prospective Financial Information", the investor presentations made available by the Company and IIAC on July 19, 2021 and on September 21, 2021 and the presentation made available to financial analysts on November 23, 2021. 2. Adjusted EBIT margin and Net Financial Indebtedness are non-IFRS financial measures. See Non-IFRS Financial Measures section on page 2 of this communication for definition of adjusted EBIT margin and Net Financial Indebtedness. 3. Revenues are referred to each segment, before eliminations 4. Preliminary Net Financial Indebtedness before impact resulting from the business combination between the Company and IIAC 5

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