Zegna SPAC Presentation Deck
SUMMARY NON-IFRS CORE FINANCIALS (2/2)
€m
Core Net Financial Indebtedness¹
Core IFRS16 lease liabilities
Core inventories
Core trade receivables
Core trade liabilities including customer advances
Core Trade Working Capital (TWC)
Core net cash provided by operating activities²
Core operating capex
Core payment of lease liabilities
Core Adjusted Operating Cash Flow
Ermenegildo Zegna Group
Key balance sheet and cash flow items (€m)
2018A
10
556
301
164
(226)
239
245
(57)
(126)
62
2019A
18
546
308
178
(226)
260
240
(57)
(129)
54
2020A
32
443
320
140
(183)
277
113
(33)
(107)
(28)
Source: Company information
Note: See Glossary for relevant definitions
1. Computed as (+) debt items (-) cash items
2. Excluding cash outflows for income taxes and cash out for financial interest
CONFIDENTIAL
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