Italian Design Brands S p A : Half year financial results as of 30 June 2023

HALF-YEAR FINANCIAL RESULTS

AS OF 30 JUNE 2023

September 11, 2023

18.00 - 19.00 (CET)

Disclaimer

This presentation (the "Presentation") has been prepared by Italian Design Brands S.p.A. (the "Company" and together with its subsidiaries, the "IDB Group") for information purposes only.

The Presentation does not, and is not intended to, constitute or form part of, and should not be construed as, an offer to sell, a solicitation to buy, an invitation or a solicitation of an offer, to buy, sell or subscribe for or otherwise acquire, any securities of any kind in any jurisdiction where such an offer, solicitation or sale should require registration, qualification, notice, disclosure or application in the United States or in any other jurisdiction, nor shall it or any part of it form the basis of or be relied upon in connection with or act as any inducement or recommendation to enter into any contract or commitment or investment decision whatsoever.

The information set forth herein is qualified in its entirety by the information set out in the Company's financial statements as of June 30, 2023. The Presentation has not been independently verified and contains summary information only and does not purport to be comprehensive and is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. No representation or warranty (express or implied) is made or will be made as to, and no reliance should be placed on, the accuracy, completeness, quality, relevance, sufficiency or fairness for any purpose whatsoever of any of the information contained in this presentation, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein relating to, or resulting from, the Presentation, its inaccuracy or incompleteness, or the use of, or reliance upon, the Presentation.

Some of the information in the Presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions and that actual events or results may differ materially. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Italy, rapid technological and market change in the industries the Company operates in, as well as many other risks specifically related to the Company and its operations.

The income statement, balance sheet and financial position information contained in the Presentation was prepared in accordance with the International Financial Reporting Standards ("IFRS") issued by the International Accounting Standards Board ("IASB") and endorsed by the European Union. The Company's financial statements for the six months ended June 30, 2023 are audited.

The Presentation also contains alternative performance indicators that are not recognized by IFRS. Different companies and analysts may calculate these non IFRS measures differently, so making comparisons among companies on this basis should be done very carefully. These non IFRS measures have limitations as analytical tools, are not measures of performance or financial condition under IFRS and should not be considered in isolation or construed as substitutes for operating profit or net profit as an indicator of our operations in accordance with IFRS. Such alternative performance measures are unaudited.

The full quarter and half-year financial information contained in the Presentation are unaudited and have been prepared by management of the Company. The unaudited full quarter and half-year is for information purposes only and does not purport to represent or to be indicative of the consolidated financial position of consolidated results of operations of the IDB Group and is not, and should not be taken as, representative of the IDB Group's future consolidated financial position or results of operations, nor does it purport to project the IDB Group's financial position as to any future date or results of operations for any future period and should be not used for such purpose. The unaudited full quarter and half-year financial information is based on a number of assumptions that are subject to inherent uncertainties subject to change. In addition, although we believe the unaudited full quarter and half-year financial information to be reasonable, our actual results may vary and such variations could be material. As such, you should not place undue reliance on such unaudited financial information and it should not be regarded as an indication that it will be an accurate prediction of future events.

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Presenters today

Andrea Sasso

Chief Executive Officer

Giorgio Gobbi

Managing Director

Alberto Bortolin

Chief Financial Officer

Marella Moretti

Corporate Development

& IR Manager

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IDB full half-year2023 financial highlights(1): thanks to Group virtuous balanced mix across channels and regions, growth and profitability remain solid and strongly positive wrt 2022 despite the expected Core HEDF market «normalization»

Actual Revenue

€ 135,4 mln

+58,5% vs. H1 22

@ current exchange rates

Full Adj. EBITDA(3)

€ 24,5 mln

+61,0% vs. FH1 22

Margin 17,7%

+2,2 p.p. vs. FH1 22

Net Bank Debt

• • 2,4 mln
• € 66,1 mln NFP incl. put&call options and earnouts
• € 96,9 mln NFP incl. IFRS16

Full Revenue(2)

€ 138,4 mln

+40,8% vs. FH1 22

(+12,8% organic)

@ current exchange rates

Full Adj. Net Income(4)

€ 12,3 mln

+47,6% vs. FH1 22

Margin 8,9%

+0,4 p.p. vs. FH1 22

Cash Conversion(5)

89,1%

1. Data prepared under IFRS Gaap. (2) Full H1 2022 data prepared including 6 months of Gamma and Flexalighting NA despite exact acquisition date (June and May 2022, respectively). Full H2 2023 data prepared including 6 months of Cubo

Design, despite exact acquisition date (end of January 2023). (3) Adjusted EBITDA computed as Reported EBITDA (fully compliant with IFRS 16) + non-recurring costs + M&A transaction costs + IPO costs. (4) Net Income Adjusted for EBITDA	4
Adjustments, change in estimate of put&call options and earnouts on Balance Sheet, amortization of PPA and effect from fiscal realignments. (5) Calculated as (Adjusted EBITDA - Operating CAPEX)/Adjusted EBITDA.

IDB Furniture brands attended Salone del Mobile: ~300.000 visitors (+15% wrt 2022), with foreign clients finally getting back to Italy after 2 years of Covid restrictions

Samet modular sofa,

Federica Biasi

Hashi

outdoor collection, Federica Biasi

Heiko collection, David Lopez Quincoces'

Kasane

outdoor collection, Studio Nendo

Sisters chairs,

Rodolfo Dordoni

Bowie chair,

This Weber

Gervasoni Showroom, Via Spartaco 34 - Milan

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