Lanvin Group Holdings Limited · NYSE:LANV

Lanvin — Q1 2025 Earnings Presentation

35 slides from Lanvin's earnings presentation, Aug 29, 2025

  1. Slide 1: 2025 First Half Results

    - 2025 FIRST Hi LANVIN GROUP

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation, including the sections “2025 First Half Achievements”, “2025 Outlook”, “Brand-Level Performance” and “Appendix”, contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 19

  3. Slide 3: Lanvin Group

    > - =) x =) — e 7 ae! = — Se) Z (am = =) aa) LANVIN GROUP

  4. Slide 4: Persistent global macroeconomic headwinds

    Persistent global macroeconomic headwinds Brand performance tempered by creative transitions and market softness St. John grew in North America despite sector volatility and geopolitical uncertainty Strong cost discipline and footprint optimization delivered visible Q2 improvements

  5. Slide 5: First Half Achievements

    FIRST HALF ACHIEVEMENTS • Made its grand return to Paris • Launched “In Your Own Skin • Unveiled first collection under • Introduced Pre-Fall 2025 • New AAA fashion maison Fashion Week in January with campaign”, reinforcing its Paul Andrew, merging collection reviving St. John’s account gained while

  6. Slide 6: Drive Cost-Efficiency Initiatives

    DRIVE COST-EFFICIENCY INITIATIVES New brand managers to strengthen leadership and drive strategic execution Continue to drive cost-efficiency by streamlining operations and reviewing retail footprint Close monitor and protect free cash flow with disciplined working capital management Targeted market

  7. Slide 7: H1 25 Global Revenue

    H1 25 H1 25 Global H1 25 North America Global Revenue Revenue Growth Revenue Growth H1 25 vs. H1 24 H1 25 vs. H1 24 H1 25 vs. H1 24 Adj. EBITDA %(1) Period-over-Period Gross Profit % Change Contribution Profit %(1) Change Change (1) These are Non-IFRS Financial Measures and will be mentioned through

  8. Slide 8: Most brands showed signs of recovery in Q2, while St. John maintained solid performance

    MOST BRANDS SHOWED SIGNS OF RECOVERY IN Q2, WHILE ST. JOHN MAINTAINED SOLID PERFORMANCE THROUGHOUT H1 DTC revenue growth DTC revenue growth Revenue growth Gross Profit % growth Gross Profit % growth +46% +16% +11% +539bps +1,673bps €9 €9 65% €8 57% 52% 49% €6 €6 €5 2025 Q1 2025 Q2 2025 Q1 2025 Q2 20

  9. Slide 9: First half revenue was impacted by macroeconomic trends and challenges industry wide

    FIRST HALF REVENUE WAS IMPACTED BY MACROECONOMIC TRENDS AND CHALLENGES INDUSTRY WIDE € 215 € 202 € 171 - € 20 - € 10 -€5 -€0 -€2 -€0 € 133 € 117 H1 2021 H1 2022 H1 2023 H1 2024 Eliminations H1 2025 • Ongoing macro and industry context was leading driver of revenue decline • Additions of new creative

  10. Slide 10: Revenue change by region and channel

    € 171 Other(1) Greater -15.6% China -€ 20 -48.2% 7.1% -€ 6 € 133 -€ 10 7.7% -€ 2 41.5% EMEA North -26.8% America 43.7% -9.4% H1 24 EMEA North America Greater China Other H1 25 Other(1) € 171 -4.1% 4.9% -€ 24 € 133 Wholesale -€ 13 €0 -21.5% DTC 35.1% -23.4% 60.0% H1 24 DTC Wholesale Other H1 25 Note:

  11. Slide 11: Change in Group's gross profit and contribution profit margins

    CHANGE IN GROUP’S GROSS PROFIT AND CONTRIBUTION PROFIT MARGINS Adj. GP% 51.8% 55.9% 58.5% 57.5% 53.9% CP% -8.7% 2.9% 6.9% -4.2% -11.4% -30.7% -17.6% -19.1% -24.6% -39.0% EBITDA% € 125 H1 21 H1 22 H1 23 H1 24 H1 25 € 15 € 113 € 98 €6 € 72 € 61 -€ 7 -€ 36 -€ 36 -€ 10 -€ 41 -€ 42 -€ 15 -€ 52 H1 21 H1 2

  12. Slide 12: G&A expenses and marketing and selling expenses

    G&A expenses(€ in mm) Marketing and selling expenses(€ in mm) % of Revenue 107.4% 90.5% 87.2% 95.7% 107.8% 200 € 188 € 183 180 € 164 160 € 144 € 77 € 76 140 € 126 € 58 120 € 57 100 € 55 80 60 € 107 € 111 € 106 40 € 87 € 71 20 0 (1) H1 2021 H1 2022 H1 2023 H1 2024 H1 2025 Note: Numbers may not sum pr

  13. Slide 13: G&A expenses by brand

    H1 2023 G&A expenses (€ in mm) H1 2024 G&A expenses (€ in mm) H1 2025 G&A expenses (€ in mm) Improvement -15% -27% -25% -35% -8% Since H1252023 € 20 20 € 17 € 16 € 14 € 14 15 € 14 € 12 € 11 € 11 € 10 10 €9 €8 €5 €4 €4 5 0 Note: Brand-level results are presented exclusive of eliminations. 13

  14. Slide 14: Ongoing upgrade of store network

    ONGOING UPGRADE OF STORE NETWORK, WITH DISCIPLINED NEW OPENINGS AND UNDERPERFORMING LOCATIONS RATIONALIZATION Lanvin Group DOS Evolution by Brand Lanvin Group DOS Evolution by Region 225 1 0 0 1 225 1 0 0 1 198 198 -29 -29 FY Total FY EMEA North Greater Other Total H1 2025 H1 2025 2024 Closures 2024

  15. Slide 15: Drive cost-efficiencies, marketing optimization and brand enhancement

    DRIVE COST-EFFICIENCIES, MARKETING OPTIMIZATION AND BRAND ENHANCEMENT Implement action plan to further reduce costs and improve margins Tactical approach to marketing and footprint review; focusing on ROI Build brand story and desirability at Lanvin and Sergio Rossi with new creative characters 15 1

  16. Slide 16: Brand-Level Performance

    BRAND-LEVEL PERFORMANCE LANVIN GROUP

  17. Slide 17: Lanvin H1 Results

    H1 Results • Revenue declined 42% due to weak wholesale in EMEA, as industry sentiment remained cautious and clients awaited new collection – EMEA retail remained resilient while APAC recalibrated as part of strategic refocus plan – North American e-commerce rebounded with successful launch of Marke

  18. Slide 18: Wolford H1 Results

    H1 Results • Revenue down 23% reflecting residual impact from 3PL transition in the past fiscal year − Wholesale demonstrated strong growth with 14% increase in sales in 2025 H1 − DTC decreased by 35% as the brand is in process of optimizing retail network • Gross margin decreased due to under absor

  19. Slide 19: Sergio Rossi H1 Results

    H1 Results • Revenue declined 25%, with DTC decreased by 21% and Wholesale decreased by 33% − Paul Andrew’s first collection (FW2025) will debut in H2 2025, while customers remained cautious about the SS2025 collection released in H1 2025 − Q2 2025 saw a strong recovery in retail (+17% QoQ) and e-co

  20. Slide 20: St. John H1 Results

    H1 Results • Revenue remained flat, despite market volatility and geopolitical uncertainty − North America, which accounted for 98% of revenue in H1 2025, saw a 4% growth in revenue, demonstrating its strong resilience in the core market − Wholesale channel rose 11%, reflecting the brand's successfu

  21. Slide 21: Caruso H1 Results

    H1 Results • Revenue declined by 11% due to a challenging global luxury and wholesale market − slowdown in Maisons business due to a general reset phase in the luxury market, delivery calendar shift, and related production adjustments − Caruso brand FW25 order intake showing continued growth • Gross

  22. Slide 22: Appendix

    APPENDIX LANVIN GROUP

  23. Slide 23: Lanvin Group Consolidated P&L

    (€ in Thousands, unless otherwise noted) 2022 2023 2024 2025 Lanvin Group Consolidated P&L H1 % H1 % H1 % H1 % Revenue 201,700 100.0% 214,537 100.0% 170,976 100.0% 133,395 100.0% Cost of sales -88,957 -44.1% -89,083 -41.5% -72,598 -42.5% -61,490 -46.1% Gross profit 112,743 55.9% 125,454 58.5% 98,378

  24. Slide 24: Lanvin Group Consolidated Balance Sheet

    (€ in Thousands, unless otherwise noted) (€ in Thousands, unless otherwise noted) 2024 2025 2024 2025 Lanvin Group Consolidated Balance Sheet Lanvin Group Consolidated Balance Sheet FY H1 FY H1 Assets Liabilities Non-current assets Non-current liabilities Intangible assets 213,501 211,978 Non-curren

  25. Slide 25: Lanvin Group Consolidated Cash Flow

    (€ in Thousands, unless otherwise noted) 2023A 2024A 2025A Lanvin Group Consolidated Cash Flow H1 H1 H1 Net cash used in operating activities -58,118 -33,483 -69,501 Net cash flows (used in) / generated from investing activities -28,531 -3,780 1,879 Net cash flows generated from financing activities

  26. Slide 26: Lanvin Brand Key Financials

    (€ in thousands, unless otherwise noted) 2023A 2024A 2025A 24 H1 v 25 H1 v 23 H1 - 25 H1 Lanvin Brand Key Financials H1 % H1 % H1 % 23 H1 A 24 H1 A CAGR Key Financials on P&L Revenues 57,052 100.0% 48,272 100.0% 27,932 100.0% -15.4% -42.1% -30.0% Gross profit 31,959 56.0% 28,004 58.0% 15,182 54.4% S

  27. Slide 27: Wolford Brand Key Financials

    (€ in thousands, unless otherwise noted) 2023A 2024A 2025A 24 H1 v 25 H1 v 23 H1 - 25 H1 Wolford Brand Key Financials H1 % H1 % H1 % 23 H1 A 24 H1 A CAGR Key Financials on P&L Revenues 58,802 100.0% 42,594 100.0% 32,985 100.0% -27.6% -22.6% -25.1% Gross profit 42,062 71.5% 26,795 62.9% 18,504 56.1%

  28. Slide 28: Sergio Rossi Brand Key Financials

    (€ in thousands, unless otherwise noted) 2023A 2024A 2025A 24 H1 v 25 H1 v 23 H1 - 25 H1 Sergio Rossi Brand Key Financials H1 % H1 % H1 % 23 H1 A 24 H1 A CAGR Key Financials on P&L Revenues 33,019 100.0% 20,404 100.0% 15,314 100.0% -38.2% -24.9% -31.9% Gross profit 17,135 51.9% 10,218 50.1% 6,255 40

  29. Slide 29: St.John Brand Key Financials

    (€ in thousands, unless otherwise noted) 2023A 2024A 2025A 24 H1 v 25 H1 v 23 H1 - 25 H1 St.John Brand Key Financials H1 % H1 % H1 % 23 H1 A 24 H1 A CAGR Key Financials on P&L Revenues 46,663 100.0% 39,981 100.0% 39,654 100.0% -14.3% -0.8% -7.8% Gross profit 29,024 62.2% 27,696 69.3% 27,251 68.7% Se

  30. Slide 30: Caruso Brand Key Financials

    (€ in thousands, unless otherwise noted) 2023A 2024A 2025A 24 H1 v 25 H1 v 23 H1 - 25 H1 Caruso Brand Key Financials H1 % H1 % H1 % 23 H1 A 24 H1 A CAGR Key Financials on P&L Revenues 19,926 100.0% 19,734 100.0% 17,627 100.0% -1.0% -10.7% -5.9% Gross profit 5,233 26.3% 5,724 29.0% 5,082 28.8% Sellin

  31. Slide 31: DOS by Brand

    (1) Jun 2024 (2) Dec 2024(1) Jun 2025 (2) DOS by Brand DOS (1) DOS (1) DOS (1) Lanvin 37 33 29 Wolford 140 112 97 St. John 42 37 35 Sergio Rossi 47 43 37 Caruso 0 0 0 Total 266 225 198 (1) DOS refers to Directly Operated Stores which include boutiques, outlets, concession shop-in-shops and pop-up st

  32. Slide 32: Reconciliation of Contribution Profit

    (€ in Thousands, unless otherwise noted) 2023A 2024A 2025A Reconciliation of Contribution Profit H1 H1 H1 Revenue 214,537 170,976 133,395 Cost of sales -89,083 -72,598 -61,490 Gross profit 125,454 98,378 71,905 Marketing and selling expenses -110,600 -105,591 -87,093 Contribution profit (1) 14,854 -

  33. Slide 33: Reconciliation of Adjusted EBIT

    (€ in Thousands, unless otherwise noted) 2023A 2024A 2025A Reconciliation of Adjusted EBIT H1 H1 H1 Loss for the year -72,225 -69,376 -86,784 Add / (Deduct) the impact of: Income tax expenses 271 -489 -208 Finance cost—net 11,970 13,187 12,806 Non-underlying items -9,666 -3,143 -6,545 Loss from oper

  34. Slide 34: Reconciliation of Adjusted EBITDA

    (€ in Thousands, unless otherwise noted) 2023A 2024A 2025A Reconciliation of Adjusted EBITDA H1 H1 H1 Loss from operations before non-underlying items -69,650 -59,821 -80,731 D&A post IFRS16 21,518 22,456 21,311 Provision and impairment losses -3,241 -2,220 -3,049 FX losses / (gain) 8,486 -3,353 10,

  35. Slide 35: Non-IFRS financial measures

    Our management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: Contribution Profit, Contribution Profit Margin, Adjusted Operating Profit, Adjusted EBIT and Adjusted EBITDA. Our management believes that these non-IFRS financial measures

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