Zegna Results Presentation Deck

1H 2022: FINANCIAL HIGHLIGHTS STRATEGIC PROGRESS DELIVERED STRONG FINANCIAL RESULTS 1H22 Revenues €729 million (+21% y-o-y) 1H22 Adjusted EBIT €82.7 million 1H22 Profit € 21.0 million Cash Surplus at June 30, 2022 €103.1 million Zegna segment +19%, driven by organic growth Thom Browne segment +30%, with mix of new space and organic growth ▪ World ex-GCR Group revenues +53% in 1H22 vs 1H21 with an acceleration in 2Q: +59% vs +48% in 1Q ■ ■ ■ ■ I Ermenegildo Zegna Group ■ Strong Group performance across channels, segments, product lines, regions in line with strategy - ex GCR Domestic consumers and return of tourists (rebound in Western Europe) Z2C (Zegna to Consumer) roll out continues Adjusted EBIT Margin 11.3%, +20bps vs 1H21 - Zegna segment Adjusted EBIT Margin 9.2% vs 8.4% in 1H21, despite step-up in costs Thom Browne segment Adjusted EBIT Margin 17.0% vs 19.5% in 1H21 due to costs of growth Profit decline vs € 32.2 million in 1H21 Impact from €28 million increase in the value of the put option liability* on the 10% Thom Browne stake which the Group does not own. This compares with a €21 million income reported in the first half of 2021 in relation to the purchase of a 5% stake in Thom Browne. Cash surplus decline vs €144.8 milion end-21 - Trade Working Capital: temporary impact on inventories from One Brand FW22 July launch and GCR - Real Estate Settlements: reflect discipline and focus on store footprint optimization Dividends paid to minority shareholders Underlying positive cash generation, excluding Trade Working Capital and Settlements * The remeasurement of the liability has been driven by (i) a higher present value of the obligation under the put option, in line with the Thom Browne performance and its mid-term ambitions disclosed at the Capital Markets Day; and (ii) the negative foreign exchange impact from a stronger US dollar against the euro. 10

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