Zegna Results Presentation Deck

FY 2021 RESULTS - BRIDGE FROM REPORTED P&L TO P&L NET OF ADJUSTEMENTS (Euro Million in Actual Fx) Revenues Other income Cost of raw materials and consumables Purchased, outsourced and other costs Personnel costs Depreciation, amortization and impairment of assets Write downs and other provisions Other operating costs Operating (Loss)/Profit Financial income Financial expenses Foreign exchange (losses)/gains Result from investments accounted for using the equity method Impairments of investments accounted for using the equity method (Loss)/Profit before taxes Income taxes Adj. EBIT (Loss)/Profit for the year Adj. Profit/(Loss) * Business Combination means the business combination between Zegna and IIAC, which was completed on December 17, 2021 Wit menegildo ZErmenegildo Zegna Group 2021A 1,292.4 8.3 (309.6) (353.6) (367.8) (163.4) (19.5) (180.8) (94.0) 45.9 (43.8) (7.8) 2.8 (97.0) (30.7) (127.7) COSTS RELATED TO THE BUSINESS COMBINATION* +34.1 +18.1 +152.9 +205.1 +0.3 +205.3 (17.1) +188.3 ADJUSTMENTS (1.3) +9.0 +8.7 +20.2 +1.5 +38.1 (20.7) +17.4 (2.7) +14.7 2021A NET OF ADJUSTMENTS 1,292.4 7.0 (309.6) (319.5) (340.7) (154.7) 0.7 (26.5) 149.1 25.2 (43.8) (7.5) 2.8 125.8 (50.5) 75.3 26

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