Slide 1: Inditex Interim three months 2023
Slide 2: Disclaimer
Disclaimer This document and the information contained herein does not constitute an offer to sell, exchange or buy, or the solicitation of an offer to buy, or any recommendation or advice regarding, any securities issued by the Inditex Group. This document may contain statements regarding intention
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Slide 4: 1Q2023: Strong growth and execution continues
1Q2023: Strong growth and execution continues / Strong operating performance continues due to the creativity of the teams and the execution of the fully integrated business model / Unique fashion proposition, optimised customer experience, sustainability and a focus on the talent and commitment of o
Slide 5: 1Q2023: Outstanding performance
1Q2023: Outstanding performance / Sales +15% in constant currency, strong growth both in stores and online / Sales positive in all geographical areas and in all concepts INDITEX 7
Slide 6: To the next level
To the next level / Global growth opportunities / Operations in 213 markets with low share in a highly fragmented sector / \Increased differentiation INDITEX 8
Slide 7: Financials
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Slide 8: 1Q2023: Very strong execution
1Q2023: Very strong execution € million 1Q23 1Q22* 23/22 Net sales 7,611 6,742 13% Gross profit 4,603 4,054 14% EBITDA 2,195 1,917 14% PBT 1,505 990 52% Net income 1,168 760 54% *In 1Q2022 Inditex reported a provision for expected expenses for FY2022 in the Russian Federation and Ukraine of €216m un
Slide 9: Sales
Sales € million 1023 1Q22 23/22 / Sales €7.6 billion. CC sales +15% Net sales 7,611 6,742 13% / Strong growth both in stores and online / Sales positive in all geographical areas and all concepts / At current exchange rates we expect a currency impact on sales around -2.5% for FY2023 INDITEX ° Inter
Slide 10: Gross profit
Gross profit € million 1Q23 1Q22 23/22 / Very healthy execution Gross profit 4,603 4,054 14% / Gross margin 60.5% (+34bps) INDITEX Interim Three Months 2023
Slide 11: Operating efficiencies
Operating efficiencies € million 1Q23 1Q22 23/22 / Rigorous control of operating expenses Op. Expenses 2,398 2126 13% / Operating expenses grew below sales growth INDITEX / Including all lease charges, operating expenses grew 150 basis points below sales growth Interim Three Months 2023
Slide 12: Working capital and net cash position
Working capital and net cash position € million 1Q23 1Q22 Inventory 3,680 3,517 Receivables 1,023 874 Payables (8,765) (7,710) Op. working capital (4,062) (3,320) Net cash position 10,508 9,189 INDITEX / Robust operating performance / Normalisation in supply chain conditions / 1Q2023 inventory +5% i
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Slide 14: Concepts list
Pull&Bear Massimo Dutti Bershka Stradivarius Oysho Zara & Zara Home
Slide 15: Concepts
Concepts / Store openings in 17 different markets / Store&Online sales very robust across all concepts / Strong performance at all levels INDITEX ®
Slide 16: To the next level
Slide 17: Our fashion proposition: Creativity, innovation, design and quality
Slide 18: Zara Woman Studio
Zara Woman Studio
Slide 19: Zara Man Spring/Summer
Zara Man Spring/Summer 23
Slide 20: Zara collection
ee nwear collection w
Slide 21: Zara Home Van Duysen
Slide 22: Pull&Bear Limited Edition
Slide 23: Massimo Dutti The Cairo Diary
Slide 24: Bershka Spring/Summer 23
Slide 25: Stradivarius Welcome to the countryside
Stradivarius Welcome tothe countryside 7 pit Ye
Slide 26: Oysho Linen
Oysho Linen
Slide 27: Zara launched in Cambodia: first store and online
Slide 28: New Zara store design
Slide 29: Zara London Stratford
Slide 30: Store openings Mumbai Palladium
& Lae Ni Mumbai Palladiu in re
Slide 31: Roll-out of new self check-out and security technology
Slide 32: Zara CIRC women capsule collection
Zara CIRC women capsule collection ~ In 2022 Inditex made an investment in CIRC, the fashion technology company that recycles textile waste back into new fibres In April 2023 Zara launched first-of-its kind women capsule collection made with CIRC technology fabric ~ ~ Using lyocell and recycled poly
Slide 33: Zara to launch Pre-owned in France, Germany and Spain
Zara to launch Pre-owned in France, Germany and Spain in 2023 {ARS PRE-OWNED ABOUT REPAIR RESELL DONA GARMENT REPAIR) YOUR LOVED GATES LAST INDITEX 33 RESELL PLATFORM (UNG ZAK FRE-ONED RENTS NEW LF CLOTHES DONATION {NENETOF NON PROFRT ORGANZATIONS Interim Three Months 2023
Slide 34: People
People / Our priority is to promote stimulating work environments where the growth and continuous learning of our teams is encouraged / 11,000 internal promotions in FY2022 / 2,700 in 1Q2023 / 600,000 hours of training invested for the professional development of our people INDITEX
Slide 35: Outlook 2023
Outlook 2023 / Strong sales productivity in stores and online / Inditex expects positive space contribution in 2023 / Stable gross margin (+/-50bps) / Ordinary capital expenditure of around €1.6 billion INDITEX 38
Slide 36: 29% dividend increase
29% dividend increase / Attractive and predictable dividend policy / The dividend will be made up of two equal payments / 2 May 2023: €0.60 per share ordinary paid / 2 November 2023: €0.60 per share (€0.196 ordinary + €0.404 bonus) INDITEX 36
Slide 37: 2Q2023: Spring/Summer collections continue to be very well received
2Q2023 / Spring/Summer collections continue to be very well received / Store&Online sales in CC between 1 May and 4 June grew +16% 37 INDITEX
Slide 38: Inditex Interim three months 2023