Zegna Investor Day Presentation Deck

CAPITAL MARKETS DAY Tom Ford Fashion is financially accretive TYPICAL M&A ΤΟΜ FORD FASHION DEAL *Over the duration of the contract Source: company information and management estimates Ermenegildo Zegna Group CASH OUT FINANCIALS CASH OUT CASH GENERATED CASH GENERATED >20% IRR © COPYRIGHT ERMENEGILDO ZEGNA GROUP 2023 • Higher Adjusted EBIT Margin assuming transaction with zero royalties 05.12.23 • TFI license agreement implies lowered margins... ....but still > 20% IRR net of taxes* 143

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