Zegna SPAC Presentation Deck
IFRS RECONCILIATIONS (5/6)
Key balance sheet items reconciliation - focus on Core Net Financial Indebtedness (€m)
€m
Non current financial borrowings
Current financial borrowings
Derivative financial instruments
Other non current financial liabilities
Total borrowings, other financial liabilities and derivatives
Cash and cash equivalents
Derivative financial instruments
Other current financial assets
Total cash and cash equivalents, other current financial assets and derivatives
Net Financial Indebtedness¹
Disposition impact
Core Net Financial Indebtedness
Ermenegildo Zegna Group
2018A
635
131
9
4
779
(229)
(5)
(565)
(799)
(20)
29
10
2019A
514
106
12
8
640
(211)
(6)
(435)
(652)
(12)
30
18
2020A
559
91
12
8
670
(302)
(12)
(350)
(664)
6
26
32
Source: Company information
Notes: See Glossary for relevant definitions
1. Computed as (+) debt items (-) cash items; see Glossary for additional details
CONFIDENTIAL
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