Zegna SPAC Presentation Deck slide image

Zegna SPAC Presentation Deck

5. Transaction structure and valuation COMPELLING VALUATION FOR INVESTORS 2022E 2023E 18.0x¹ 24.1x Ermenegildo Zegna Group LVMH 14.7x¹ 21.7x Ermenegildo Zegna Group LVMH Ermenegildo Zegna Group 19.4x KERING 17.6x KERING 44.8x BRUNELLO CUCINELLI 39.4x EV / EBIT BRUNELLO CUCINELLI 37.2x PRADA 29.0x PRADA 34.4x Sabattre Ferraga 25.3x 24.3x yp 21.0x 18.6x MONC BURBERRY 16.7x BURBERRY Luxury Conglomerates Luxury Players TOD'S Source: IBES and Refinitiv Eikon as of 25-Jun-21, company public information for peers, and company information for Zegna Notes: See Appendix for important information about Core and other non-IFRS financial metrics; Zegna Group's multiples computed including the pro forma impact of the acquisition of Ubertino (60% stake) and Biagioli (40% stake) on Enterprise Value and Core Adj. EBIT 1. Based on Core Adj. EBIT nm TOD'S nm CONFIDENTIAL 45
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