Slide 1: Interim Nine Months 2022
INDITEX Interim Nine Months 2022 14 December 2022
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
Slide 3: Inditex's model delivers strong growth
Inditex’s model delivers strong growth
Slide 4: Inditex model delivers strong growth
Inditex model delivers strong growth / Unique fashion proposition, optimised customer experience, sustainability and a focus on the talent and commitment of our people / Strong sales growth in 9 months 2022. Autumn/Winter collections very well received / Remarkable operating performance in a challen
Slide 5: Inditex model delivers strong growth
Inditex model delivers strong growth / 9months sales +19%, to €23.1bn. Sales positive in (i) all geographical areas, (ii) store&online / The control of operating expenses has been rigorous / Net income reached €3.1 billion (+24%) / Remarkable cash generation / Global growth opportunities. Operations
Slide 6: Financial summary
Financial summary
Slide 7: 9M 2022: Very strong execution
9 Months 2022: Very strong execution € million 9M22 9M21 22/21 Net sales 23,055 = 19,325 19% Gross profit 13,532 11,409 19% EBITDA 6,520 5,431 20% PBT 4,034 3,231 25% Net income 3,095 2,500 24% INDITEX Very strong execution environment Sales +19% in a challenging Healthy gross margin Disciplined cos
Slide 8: Sales
Sales € million 9M22 9M21 22/21 / Sales +19% to €23.1 bn. CC sales +20% Net sales 23,055 = 19,325 19% / Sales positive in all geographical areas / Traffic and store sales grew significantly / Satisfactory online sales over 9M21 record INDITEX Interim Nine Month 2022
Slide 9: Gross profit
Gross profit € million 9M22 9M21 22/21 / Very healthy execution Gross profit 13,532 11,409 19% / Gross margin 58.7% / Based on current information we expect stable gross margins (+/- 50bps) for FY2022 INDITEX Interim Nine Month 2022
Slide 10: Operating efficiencies
Operating efficiencies € million 9M22 9M21 22/21 / Rigorous control of operating expenses Op. Expenses 6,990 5,956 17% / Operating expenses grew below sales growth / Including all lease charges, operating expenses grew 4 percentage points below sales growth INDITEX Interim Nine Month 2022
Slide 11: 9M2022: Working capital
9M2022: Working capital € million 9M22 9M21 Inventory 4,650 3,650 Receivables 978 909 Payables (9,235) (8,104) Op. working capital (3,606) (3,545) INDITEX / \Inditex temporarily accelerated inventory inflows throughout 2022 in the face of possible supply chain tensions. Inventory as of 31 October 20
Slide 12: Strong cash flow and financial position
Strong cash flow and financial position € million 9M22 = 9M21 / Strong cash generation continues Net cash position 9,980 9,569 / Net cash position €10 bn INDITEX Interim Nine Month 2022
Slide 13: Slide 13
Slide 14: Concepts
Pull&Bear Massimo Dutti Bershka Stradivarius Oysho Zara & Zara Home
Slide 15: Performance per concept
Performance per concept / Store sales across all concepts have been robust / Zara very strong performance / All concepts performed well INDITEX
Slide 16: Concepts
Slide 17: Zara Woman A moment in a
Zara Woman A moment in a
Slide 18: Zara Woman Cruise collection
Zara Woman Cruise collection
Slide 19: Zara Man The knit
Zara Man The knit
Slide 20: Zara Kids A/W
Slide 21: Zara Home A sense of Christmas
Zara Home A sense of Christmas a
Slide 22: Pull&Bear Night out
Pull&Bear Night out | eee (Ph : |
Slide 23: Massimo Dutti Limited edition
Massimo Dutti Limited edition
Slide 24: Bershka Art series
Slide 25: Stradivarius man
man
Slide 26: Oysho Ski
Oysho Ski ®
Slide 27: Zara Valencia
Slide 28: Zara Busan
— Zara Busan
Slide 29: Zara Kyoto
Slide 30: Zara Champs-Élysées
Slide 31: Store mode
Store mode Discovery Fitting __- Acquisition /=_ 7 = > sie ee Customerservice == =~ ea : :
Slide 32: Sustainability
Sustainability / Alltargets on track / New initiatives. The Laundry / Repair and recycle used clothes
Slide 33: Zara Home The Laundry
Zara Home The Laundry / Available in stores and online platforms in more than 25 markets / Developed jointly by Inditex and BASF, the innovative solution reduces microfibres released by up to 80%. THE / Reduces carbon footprint and extends the life of the Pe. textiles THE FIRST DETERGENT / Effective
Slide 34: Zara pre-owned: repair, resell & donate
Zara pre-owned: repair, resell & donate = Tana PRE-OWNED ABOUT REPAIR RESELL DONT ja0uT REPAR RESELL DONATE akc OUR LOVED GARNETS LAST LONGER SIS IEA FD UE ANE, GARMENT REPAIR RESELL PLATFORM INDITEX a = mana pre. owneo sau REPAR RESELL OONATE CLOTHES DONATION {NENETOF NON PROFRT ORGANZATIONS Interi
Slide 35: Strategy
Strategy / Unique fashion proposition: Creativity, design, quality and beauty / Ongoing optimisation of customer experience / Sustainability a key part of the strategy / Focus on the talent and commitment of our people / Technology and innovation to drive future growth / Shareholding remuneration IN
Slide 36: Outlook
Outlook / Strong organic growth. Increased differentiation / Online sales to exceed 30% of total sales by 2024 / Stable gross margins / Strong free cashflow generation / Ordinary capex of €1.1 billion for 2022 in stores, online and logistics. Technology and innovation key aspects 36 INDITEX
Slide 37: Outlook 2022
Outlook 2022 / Fully integrated model operating at full speed / Organic growth & high quality openings, enlargements and refurbishments / Strong global opportunity INDITEX 37
Slide 38: Outlook 2022
Outlook 2022 / Autumn/Winter collections well received / Sales in CC between 1 November and 8 December was +12% INDITEX “8
Slide 39: Dividends
Dividends / Inditex dividend policy of 60% ordinary payout and bonus dividends remains in place / Total bonus dividend of €0.40 per share to be paid in relation to FY2022 results INDITEX 8°
Slide 40: INDITEX
INDITEX Interim Nine Months 2022 14 December 2022