Slide 1: Inditex Interim Nine Months 2024
INDITEX Interim Nine Months 2024 - +1December 2024.
Slide 2: Disclaimer
Disclaimer Neither this document nor the information contained herein constitute an offer to sell, exchange or buy, or the solicitation of an offer to buy, to sell or exchange, or any recommendation or advice regarding any securities issued by the Inditex Group. This document may contain statements
Slide 3: Slide 3
Slide 4: Months 2024: Strong growth and execution continues
9 Months 2024: 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 commitme
Slide 5: To the next level
To the next level / Global growth opportunities / Operations in 214 markets with low market share in a highly fragmented sector / \Increased differentiation INDITEX 8
Slide 6: Financial summary
Financial summary ae al Y. S = f= fer
Slide 7: Months 2024: Very strong execution
9 Months 2024: Very strong execution € million 9M24 9M23 24/23 Net sales 27,422 25,609 1.1% Gross profit 16,291 15,203 7.2% EBITDA 7,967 7,429 1.2% PBT 5,754 5,238 9.9% Net income 4,449 4,102 8.5% INDITEX / Strong sales growth / Healthy gross margin / Disciplined cost management. Operating leverage
Slide 8: Sales
Sales € million 9M24 9M23 24/23 / Sales €27.4 billion. CC sales +10.5% Net sales 27,422 25609 71% / Strong growth both in stores and online / Sales positive in all concepts / At current exchange rates we reiterate a currency impact on sales around -3.0% for 2024 INDITEX Interim Nine Months 2024
Slide 9: Gross profit
Gross profit € million 9M24 9M23 24/23 / Very healthy execution Gross profit 16,291 15203 7.2% / Gross margin 59.4% (+4 bps) / Inditex expects a stable (+/-50 bps) gross margin in 2024 INDITEX ° Interim Nine Months 2024
Slide 10: Operating efficiencies
Operating efficiencies € million 9M24 9M23 24/23 / Rigorous control of operating expenses Op. Expenses 8,276 7,733 7.0% / Operating expenses grew below sales growth / Including all lease charges, operating expenses grew 73 basis points below sales growth INDITEX Interim Nine Months 2024
Slide 11: Working capital and net cash position
Working capital and net cash position / Robust operating performance / 9M2024 inventory -3% vs 9M2023 / Inventory is considered of high quality / Net cash position €11.8 billion € million 9M24 9M23 Inventory 4,290 4,404 Receivables 1,159 1,184 Payables (11,392) (10,241) Op. working capital (5,943) (
Slide 12: Concepts
Concepts
Slide 13: Concepts
Concepts / Sales across all concepts have been robust / Strong execution of the fully integrated business model across store and online INDITEX
Slide 14: Zara & Zara Home
Concepts / Focused expansion continues / Store openings in 45 different markets in 9M2024 / Optimisation activities across all concepts drive strong sales growth INDITEX
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Slide 16: Unique fashion proposition
Unique fashion proposition / Creativity, innovation, design and quality INDITEX
Slide 17: Zara Woman Metropolis
Zara Woman Metfopolis |
Slide 18: Zara Man Edition
Slide 19: Zara Kids Studio
Slide 20: Zara Home Editions
Slide 21: Massimo Dutti Midnight Allure
Massimo Dutti Midnight Allure
Slide 22: Pull&Bear Not just a DJ
Slide 23: Bershka Series
Bershka Series
Slide 24: Autumn collection Stradivarius
Autu fe t of | us Mo em | | | | Stradivar
Slide 25: Oysho Apres Ski
Oysho Apres Ski
Slide 26: Zara Man Madrid Hermosilla
Slide 27: Dublin South King
Dublin South King
Slide 28: 7A | * ‘akeleabsieh Nn
rr > 7A | * ‘akeleabsieh Nn St. ” oe r | a " es : ta = v Ss mE i. i
Slide 29: Zara Leeds Trinity
Zara Leeds Trinity
Slide 30: Zara Istanbul Istinye
Slide 31: Zara Topanga
Zoe ge Topanga |
Slide 32: Massimo Dutti Miami Aventura
Massimo Dutti Miami Aventura i ai
Slide 33: Pull&Bear Milan Via Torino
Slide 34: Bershka Madrid Gran Via
Slide 35: Stradivarius Berlin Alexa Centre
Slide 36: Oysho A Coruña Plaza de Lugo
Oysho A Corufa Plaza de Lugo
Slide 37: Zara Home Dubai Mall
Zara Home Dubai Mall pe 37
Slide 38: Continued roll-out of new self check-out and security technology
Continued roll-out of new self check-out and security technology soLo TARJETA fe a
Slide 39: Sustainability
Sustainability / Investment in Epoch Biodesign, a startup that uses artificial intelligence to design enzymes that allow the recycling of mixed plastics and textiles. / Our Sustainability Innovation Hub currently works with more than 350 start-ups. 39 INDITEX
Slide 40: People
People / Creatives - an initiative to identify and enhance the talent of the new generation of designers in our creative teams. 40 INDITEX
Slide 41: Outlook 2024
Outlook 2024 / Strong sales productivity in stores and online / Annual gross space growth c.5% in 2024- 2026. Positive space contribution in the period / Ordinary capital expenditure of around €1.8 billion / Two-year extraordinary investments in logistics in 2024-2025. €900m in each year 4 INDITEX
Slide 42: 28% dividend increase
28% dividend increase / Attractive and predictable dividend policy / Final 2023 dividend paid on 4 November 2024: €0.77 per share (€0.27 ordinary + €0.50 bonus) INDITEX #
Slide 43: 4Q2024
4Q2024 / Autumn/Winter collections continue to be very well received / Store&Online sales in CC between 1 November and 9 December grew +9% INDITEX
Slide 44: Inditex
INDITEX Interim Nine Months 2024 - +1December 2024.