Moncler Spa · MIL:MONC
Moncler Spa — Moncler Spa Ord — Q2 2025 Earnings Presentation
26 slides from Moncler Spa's earnings presentation, Jul 23, 2025
Slide 1: H1 2025 Financial Results
MONCLER GROUP H1 2025 FINANCIAL RESULTS
Slide 2: Speakers
H1 2025 FINANCIAL RESULTS 23 JULY 2025 2 SPEAKERS GINO FISANOTTI ROBERTO EGGS Moncler Chief Brand Officer Group Chief Business Strategy and Global Market Officer LUCIANO SANTEL ELENA MARIANI Group Chief Corporate and Group Strategic Planning and Supply Officer Investor Relations Director
Slide 3: CEO quote on first half of the year
H1 2025 FINANCIAL RESULTS 23 JULY 2025 3 “The first half of the year reminded us once again how unpredictable and complex the world can be, and how companies must remain vigilant and agile while continuing to nurture their brands. These are moments that require full focus on the execution of our str
Slide 4: Moncler Group | H1 2025 Results Highlights
H1 2025 FINANCIAL RESULTS 23 JULY 2025 4 MONCLER GROUP | H1 2025 RESULTS HIGHLIGHTS (1) GROWTH AT CFX YOY Q2 REVENUES H1 REVENUES +1% (1%) 412.2 1,230.2 1,225.7 396.6 75.9 188.9 (1%) 186.7 +6% 79.4 336.3 1,041.3 +1% 1,039.0 (2%) 317.2 Stone Island Moncler Q2 2024 Q2 2025 H1 2024 H1 2025 GROUP GROUP
Slide 5: Moncler | Q2 Highlights
H1 2025 FINANCIAL RESULTS 23 JULY 2025 5 MONCLER | Q2 HIGHLIGHTS MONCLER MET GALA MONCLER GENIUS X MONCLER GENIUS X MONCLER COLLECTION MONCLER GRENOBLE MONCLER STUDIO DEBUT ------------- - MERCEDES-BENZ BY DONALD GLOVER------- SUMMER 2025 ---------- SPRING/SUMMER 2025- ASCENTI ‘VIEW FROM --------- N
Slide 6: Stone Island | Q2 Highlights
H1 2025 FINANCIAL RESULTS 23 JULY 2025 6 STONE ISLAND | Q2 HIGHLIGHTS STONE ISLAND SOUND PRESENTS GENE GALLAGHER WEARS THE STONE ISLAND AUTUMN_WINTER STONE ISLAND MARINA | NEW FRIENDLY PRESSURE: STUDIO ONE---- 4100080 TELA RESINATA BLOCK ‘025-’026 COLLECTION WITH RAW BALANCE NUMERIC 272 ------------
Slide 7: Moncler | Revenues by Geography
H1 2025 FINANCIAL RESULTS 23 JULY 2025 7 MONCLER | REVENUES BY GEOGRAPHY MONCLER REVENUES (EUR M; CFX GROWTH %) Q2 H1 H1 2025 Moncler brand revenues reached EUR 1,039.0m, +1% vs H1 2024. +1% (2%) Q2 revenues were down 2% YoY, 336.3 1,041.3 1,039.0 mainly due to a sequential 317.2 slowdown in the DTC
Slide 8: Moncler | Revenues by Channel
H1 2025 FINANCIAL RESULTS 23 JULY 2025 8 MONCLER | REVENUES BY CHANNEL MONCLER REVENUES (EUR M; CFX GROWTH %) Q2 H1 Moncler DTC (1) revenues rose to EUR 883.2m in H1 2025, +2% vs H1 2024. +1% (2%) Comparable Store Sales Growth 336.3 1,041.3 1,039.0 (CSSG) (2) was -4% in H1 2025. 317.2 165.5 (6%) 155
Slide 9: Stone Island | Revenues by Geography
H1 2025 FINANCIAL RESULTS 23 JULY 2025 9 STONE ISLAND | REVENUES BY GEOGRAPHY STONE ISLAND REVENUES (EUR M; CFX GROWTH %) Q2 H1 H1 2025 Stone Island brand revenues reached EUR 186.7m, -1% vs H1 2024. +6% (1%) Q2 revenues were up 6% YoY, 79.4 188.9 186.7 with the DTC channel 75.9 4.5 maintaining soli
Slide 10: Stone Island | Revenues by Channel
H1 2025 FINANCIAL RESULTS 23 JULY 2025 10 STONE ISLAND | REVENUES BY CHANNEL STONE ISLAND REVENUES (EUR M; CFX GROWTH %) Q2 H1 Stone Island DTC revenues rose to EUR 99.1m in H1 2025, +8% vs H1 2024. +6% (1%) In Q2, revenues in this channel 79.4 188.9 186.7 were up 3% YoY, marking a 75.9 deceleration
Slide 11: Group Mono-Brand Store Network
H1 2025 FINANCIAL RESULTS 23 JULY 2025 11 GROUP MONO-BRAND STORE NETWORK MONCLER: 287 STONE ISLAND: 91 30.06.2025 31.03.2025 31.12.2024 MONCLER STONE ISLAND MONCLER STONE ISLAND MONCLER STONE ISLAND ASIA 144 55 142 56 143 56 EMEA 96 29 96 27 96 27 AMERICAS 47 7 46 7 47 7 RETAIL 287 91 284 90 286 90
Slide 12: Moncler South Coast Plaza
H1 2025 FINANCIAL RESULTS 23 JULY 2025 12 MONCLER SOUTH COAST PLAZA
Slide 13: Moncler Sydney Westfield
H1 2025 FINANCIAL RESULTS 23 JULY 2025 13 MONCLER SYDNEY WESTFIELD
Slide 14: Stone Island Hangzhou
H1 2025 FINANCIAL RESULTS 23 JULY 2025 14 STONE ISLAND HANGZHOU
Slide 15: Group Income Statement
H1 2025 FINANCIAL RESULTS 23 JULY 2025 15 GROUP INCOME STATEMENT H1 2025 gross margin increase is H1 2025 H1 2024 FY 2024 primarily driven by the positive EUR m % EUR m % EUR m % channel mix, with a higher incidence of the DTC channel at REVENUES 1,225.7 100.0% 1,230.2 100.0% 3,108.9 100.0% both Mon
Slide 16: Net Capex
H1 2025 FINANCIAL RESULTS 23 JULY 2025 16 NET CAPEX EUR M H1 FY In H1 2025, consolidated capex were EUR 82.0m compared with EUR 56.1m in H1 2024, due to 82.0 186.7 higher investments in the distribution network and in infrastructure projects, including the new corporate headquarter. 31.3 Investments
Slide 17: Net Working Capital
H1 2025 FINANCIAL RESULTS 23 JULY 2025 17 NET WORKING CAPITAL EUR M H1 FY Net consolidated working capital reached EUR 283.7m as of 30 June 2025, with the 283.7 255.5 incidence on revenues equal to 262.2 9.1%, compared with EUR 262.2m 136.1 as of 30 June 2024 (8.5% of 152.7 326.4 revenues), reflecti
Slide 18: Net Financial Position
H1 2025 FINANCIAL RESULTS 23 JULY 2025 18 NET FINANCIAL POSITION (1) EUR M H1 FY As of 30 June 2025, the Group’s net financial position was positive and equal to EUR 980.8 1,308.8 980.8m. Net cash flow in the first half of 845.8 2025 was negative and equal to EUR 328.0m after the payment of EUR 345.
Slide 19: Balance Sheet Statement
H1 2025 FINANCIAL RESULTS 23 JULY 2025 19 BALANCE SHEET STATEMENT 30/06/2025 31/12/2024 30/06/2024 EUR m EUR m EUR m Brands 999.4 999.4 999.4 Goodwill 603.4 603.4 603.4 Fixed assets 521.8 510.1 438.0 Right-of-use assets 859.5 848.2 746.6 Net working capital 283.7 255.5 262.2 Other assets / (liabilit
Slide 20: Cash Flow Statement
H1 2025 FINANCIAL RESULTS 23 JULY 2025 20 CASH FLOW STATEMENT (1) Change in other assets/liabilities H1 2025 H1 2024 FY 2024 reflects a calendar effect related to the timing of Italian income EUR m EUR m EUR m tax payment. In 2024, the EBIT 224.8 258.7 916.3 payment of EUR 64 million was made on Jul
Slide 21: Appendix
H1 2025 FINANCIAL RESULTS 23 JULY 2025 21 21 APPENDIX
Slide 22: EBITDA Reconciliation
H1 2025 FINANCIAL RESULTS 23 JULY 2025 22 EBITDA RECONCILIATION H1 2025 H1 2024 FY 2024 EUR m % EUR m % EUR m % EBIT 224.8 18.3% 258.7 21.0% 916.3 29.5% D&A 56.6 4.6% 60.4 4.9% 120.7 3.9% Rights-of-use-amortisation 104.9 8.6% 90.8 7.4% 186.2 6.0% Stock-based compensation 17.6 1.4% 21.9 1.8% 47.0 1.5
Slide 23: 2022-2025 Half-Year Income Statement
H1 2025 FINANCIAL RESULTS 23 JULY 2025 23 2022-2025 HALF-YEAR INCOME STATEMENT H1 2025 H1 2024 H2 2024 H1 2023 H2 2023 FY 2024 FY 2023 EUR m % EUR m % EUR m % EUR m % EUR m % EUR m % EUR m % REVENUES 1,225.7 100.0% 1,230.2 100.0% 1,878.8 100.0% 1,136.6 100.0% 1,847.6 100.0% 3,108.9 100.0% 2,984.2 10
Slide 24: 2025 Revenues Quarterly Performance
H1 2025 FINANCIAL RESULTS 23 JULY 2025 24 2025 REVENUES QUARTERLY PERFORMANCE Q1 25 vs 24 Q2 25 vs 24 H1 25 vs 24 EUR m 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX MONCLER 721.8 705.0 2% 317.2 336.3 (2%) 1,039.0 1,041.3 1% STONE ISLAND 107.3 113.0 (5%) 79.4 75.9 6% 186.7 188.9 (1%) GROUP TOTAL 829.0 8
Slide 25: Financial Calendar, Shareholding, IR Contacts
H1 2025 FINANCIAL RESULTS 23 JULY 2025 25 FINANCIAL CALENDAR, SHAREHOLDING, IR CONTACTS FINANCIAL CALENDAR IR CONTACTS 28.10.2025 9M 2025 Interim Management Statement investor.relations@moncler.com ELENA MARIANI Moncler Group Strategic Planning and Investor Relations Director SHAREHOLDING (1) % N. S
Slide 26: Disclaimer
H1 2025 FINANCIAL RESULTS 23 JULY 2025 26 DISCLAIMER This presentation is being furnished to you solely for your information and may not be reproduced or redistributed to any other person. This presentation might contain certain forward-looking statements that reflect the Company’s management’s curr