Zegna SPAC Presentation Deck
IFRS RECONCILIATIONS (3/6)
€m
Core Adj. EBITDA
Disposition reversal
Adj. EBITDA
Depreciation and amortization
Adjustments / Reconciling Items¹
Operating profit (IFRS)
Financial income / (expenses)
Exchange gains / (losses)
Revaluations/(write downs) of equity investments
Income taxes
Profit/ (loss) for the year (IFRS)
Ermenegildo Zegna Group
Core Adj. EBITDA reconciliation (€m)
2018A
261
(2)
259
(159)
(9)
91
(21)
(5)
(4)
(25)
36
2019A
287
(7)
280
(170)
(14)
97
(7)
(10)
(2)
(41)
38
2020A
188
(7)
181
(168)
(41)
(28)
(7)
7
(9)
(8)
(45)
Source: Company information
Notes: See Glossary for relevant definitions
1. Including severance expenses and indemnities, impairment losses on property plants and equipment, intangible assets with a finite useful life and right-of-use assets,
impairment losses on held for sale assets, donations granted during Covid-19 pandemic and certain items of income / (expenses), that impact the comparability of historical
results and are not attributable to the normal operational management of the Zegna Group Business
CONFIDENTIAL
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