Slide 1: Inditex Interim Nine Months 2023
INDITEX “® Interim Nine « Months 2023 ceMmnp
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
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Slide 4: Months 2023: Strong growth and execution continues
9 Months 2023: 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: Months 2023: Outstanding performance
9 Months 2023: Outstanding performance / Sales +15% in constant currency, with strong growth both in stores and online / Sales positive in all geographical areas and in all concepts INDITEX
Slide 6: To the next level
To the next level / Unique business model: Fully integrated Store&Online / Global growth opportunities / Operations in 213 markets with low market share in a highly fragmented sector / Increased differentiation INDITEX 6
Slide 7: Financial summary
Financial summary
Slide 8: Months 2023: Very strong execution
9 Months 2023: Very strong execution € million 9M23_ 9M22* =. 23/22 Net sales 25,609 23,055 11.1% Gross profit 15,203 13,532 12.3% EBITDA 7,429 6,520 13.9% PBT 5,238 4,034 29.8% Net income 4102 3,095 32.5% *In 9M2022 Inditex reported a provision for expected expenses for FY2022 in the Russian Federa
Slide 9: Sales
Sales € million 9M23 9M22 23/22 / Sales €25.6 billion. CC sales +15% Net sales 25,609 23,055 11.1% / Strong growth both in stores and online / Sales positive in all geographical areas and all concepts / At current exchange rates currency impact on sales around -4% for FY2023 INDITEX Interim Nine Mon
Slide 10: Gross profit
Gross profit 9M23 9M22 23/22 / Very healthy execution Gross margin 59.4% 587% 67bps / Gross profit +12.3% to €15.2bn / Normalisation of supply chain conditions and more favourable EUR/USD exchange rates / Based on continued strong execution and operating conditions Inditex expects FY23 gross margin
Slide 11: Operating efficiencies
Operating efficiencies € million 9M23 9M22 23/22 / Rigorous control of operating expenses Op. Expenses 7,133 6,990 10.6% / Operating expenses grew below sales growth INDITEX / Including all lease charges, operating expenses grew 130 basis points below sales growth Interim Nine Months 2023
Slide 12: Working capital and net cash position
Working capital and net cash position € million 9M23 9M22 Inventory 4,404 4,650 Receivables 184 978 Payables (10.241) (9,235) Op. working capital (4,652) (3,606) Net cash position 11,480 9,980 INDITEX / Robust operating performance / Normalisation in supply chain conditions. 9M2023 inventory -5% vs
Slide 13: Concepts
Concepts
Slide 14: Concepts
Concepts / Sales across all concepts have been robust / Zaravery strong performance / All concepts performed well INDITEX
Slide 15: Sales by concept
Sales by concept ~ Focused expansion continues ~ Store openings in 36 different markets in 9M2023 / Continued rollout of concepts in new markets: Germany / Optimisation activities across all concepts drive strong sales growth INDITEX
Slide 16: Zara Kids A/W collection
Slide 17: To the next level
_To the next level
Slide 18: Unique fashion proposition
Unique fashion proposition / Creativity, innovation, design and quality INDITEX
Slide 19: Zara Woman Studio
~. Zara Woman Studio
Slide 20: — © a) is < c @ = © — wi N
— © a) 2 is < c @ = © — wi N
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Slide 22: Zara Fragrances
Zara Fragrances
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Slide 24: Pull&Bear Partywear
Pull&Bear Partywear
Slide 25: Massimo Dutti Manhattan
Massimo Dutti Manhat
Slide 26: Bershka Teddy Coats
Bershka Teddy Coats 26
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28
Slide 29: New Zara store design: Dubai Mall of the Emirates
New Zara store design: Dubai Mall of the Emirates
Slide 30: Zara Rotterdam Coolsingel
Zara Rotterdam Co olsinge
Slide 31: Zara Miami Dadeland
Slide 32: Zara Sevilla Plaza del Duque
Zara Sevilla Plaza del Duque
Slide 33: Massimo Dutti London Battersea
a ee aaa Massimo Dutti London Battersea
Slide 34: Bershka Milano Corso Vittorio Emanuele
Slide 35: Stradivarius 1st stores in Germany at Stuttgart and Dresden
Stradivarius 1st stores in Germany at Stuttgart and Dresden —
Slide 36: Oysho Madrid Gran Via
Slide 37: Roll-out of new self check-out and security technology
~ Roll-out of new self check-out and security technol A SMF CHECK-OUT
Slide 38: Live streaming on Douyin in China
yli e streaming on Douyin in China
Slide 39: Zara Pre-owned rolled out in additional European markets
Zara Pre-owned rolled out in 14 additional European markets on 12 December INDITEX 2023
Slide 40: People: Talent development
People: Talent development / 4th edition of Impact Week, reinforcing our commitment to people with disabilities / Our target is to recruit people with disabilities in order to reach a minimum of 2% in the global workforce by the end of 2024 INDITEX 40
Slide 41: Outlook 2023
Outlook 2023 / Increasing sales productivity in stores and online / Positive space contribution in 2023 / Ordinary capital expenditure of around €1.6 billion INDITEX 4
Slide 42: 29% dividend increase
29% dividend increase / Attractive and predictable dividend policy / Final 2022 dividend paid on 2 November 2023: €0.60 per share INDITEX #
Slide 43: 4Q2023
4Q2023 / Autumn/Winter collections continue to be very well received / Store&Online sales in CC between 1 November and 11 December grew +14% INDITEX 4“
Slide 44: Inditex Interim Nine Months 2023
INDITEX "®) Interim Nine _~ Months 2023