Slide 1: Investor Presentation October 2022
INVESTOR PRESENTATION October 2022 LANVIN |[woifo×´i]| sergio rossi ST . JOHN CARUSO
Slide 2: Building the New Luxury Lanvin Group
BUILDING I HE NEW LUXURY LANVIN GROUP
Slide 3: Table of Contents
TABLE OF CONTENTS INFORMATION SECTION IV PAGE 44 TRANSACTION OVERVIEW SECTION II PAGE 25 PORTFOLIO OF FIVE IC0NIC BRANDS LANVIN GROUP Q FOSUN AN INNOVATION-DRIVFN CONSUMER GROUP Founded in 1992,
Slide 4: Fosun: an innovation-driven consumer group
Fosun‘s mission is to provide high-quality products and Through continuous innovation, Fosun has achieved rapid development by services for families around the world in health, happiness, wealth and capitalizing on high-growth sectors. It constantly fosters industry champions intelligent manufacturi
Slide 5: Primavera Capital: Lanvin Group's optimal partner
PRIMAVERA CAPITAL LANVIN GROUP’S OPTIMAL PARTNER PRIMAVERA CAPITAL AT A GLANCE PRIMAVERA CAPITAL ACQUISITION CORPORATION LEADERSHIP AUM (1) MOC (2) Leading global investment firm with offices in Mainland China, Hong Kong, Singapore, and the U.S., founded by Dr. Fred Hu I 1 X R r^r . . . X | . . . A.
Slide 6: Lanvin Group by the numbers
(2) LANVIN GROUP BY THE NUMBERS POS worldwide STRONG TOPLINE GROWTH FROM 2020 TO 2025(1) 1200 +343%+ 1%Ö¾ Revenue CAGR Retail Revenue €808 FY21-25 CAGR FY21-25 Heritage brands with more than 390 years of history €615 combined €270 ca;¡^€473 I +40% 200+ E-Commerce Revenue New Store Openings(3) CAGR F
Slide 7: A Unique Geo-Based Luxury Platform
A UNIQUE GEOBAE LUXURY PI ATFORM Section I LANVIN GROUP
Slide 8: A leading global luxury group with unparalleled access to Asia
A LEADING GLOBAL LUXURY GROUP WITH UNPARAII LI UD ACCrSS TO ASIA - GLOBAL LUXURY PLATFORM A global luxury fashion group with a strong foundation in Europe and significant growth opportunities in North America and Asia, the main growth drivers of the highly attractive and resilient global luxury mark
Slide 9: A highly attractive and resilient personal luxury goods market
A HIGHlY ATTRACTIVE AND RESIILIENT ×´’ PERSONAL LUXURY GOODS MARKET ... WITH CHINA BEING THE MAIN GROWTH DRIVER STABLE AND GROWING MARKET PROVEN RESILIENCE TO COVID GROWTH PROPELLED BV CHINA Global Personal Luxury Goods Market Size (€bn) RELATIVE TO OTHER CONSUMER Luxury Goods Spending Breakdown by
Slide 10: Uniquely positioned to capture the fastest growing luxury market
UNIQUELY POSITIONED TO CAPTURE THE FASTEST ×´’ GROWING LUXURY MARKET IN THE WORLD ... LANVIN GROUP IS THE 1ST AND ONLY GLOBAL LUXURY GROUP HEADQUARTERED IN CHINA WITH UNPARALLELED ACCESS TO THE LARGEST AND FASTEST GROWING LUXURY MARKET IN THE WORLD HM NORTH AMERICA E UROPE ASIA €7B €306B €127B tapes
Slide 11: North America market and growth
NORTH AMERICA Source: Company information. Bain-AltagammaLuxury Goods Worldwide Market Study (Fall 2021-20th). Note: (1) Points of Sale as of 31st December 2021. Includes shop-in-shop, retail, outlet & pop-up stores. (2) 2021E—2025E regional growth rate is calculated by higher end 2025 market size (
Slide 12: Diverse portfolio of five iconic luxury brands
DIVERSE PORTFOLIO ׳״ OF FIVF ICONIC I LJXLJRY BRANDS ... Source: Company website. Company information. Note: (1) All figures as of 30thJune 2022. Section I 12
Slide 13: Empowered by a one-of-a-kind strategic alliance
... EMPOWERED BY “2 ONE-Or-A-KIND STRATEGIC ALLIANCE. LEVERAGING TOP TIER STRATEGIC PARTNERS’ EXPERTISE TO ACCELERATE GROWTH AND FACILITATE DISRUPTIVE CHANGES CAPITAL/NETWORK M&A / GROWTH EXPERTISE Strong partnerships with e-Com rprimoVt’ra Cross-sector global resources and expertise and consumer ma
Slide 14: Proven market outperforming track record
PROVEN MARKET OUTPERFORMING ×i TRACK RECORD Lanvin Group Revenue Growth Rate LANVIN IS BACK Actual 1H2021 vs. 1H2022 (%) « LAI N VII N IcS BACK Z, _ I 28% 23% 27% o EMEA Half-year NA Half-year 18% J Revenue 22 vs 21 Revenue 22 vs 21 HEajE^H luff, L ׳LANVIN LANVIN x Gallery DEPT. “ LANVIN China Caps
Slide 15: Significant future runway through organic growth
WITH SIGNIFICANT FUTURE RUNWAY THROUGH ORGANIC GROWTH ... REINFORCING PRODUCTS & MERCHANDISING EXPANDING CHANNEL AND FOOTPRINT Rebalanced product portfolio Cross-over and collaboration series New market entry Optimized channel mix Creative design initiatives Supply chain support and entry into new c
Slide 16: Acquisitions from a solid pipeline
... AND ACQUISITIONS FROM A SOLID PIPELINE. 03 FOSUN FASHION GROUP BECOMES MAJORITY SHAREHOLDER OF LANVIN FOSUN FASHION GROUP BECOMES MAJORITY SHAREHOLDER OF ST . JOHN Minority investments in startups in fashion, supply chain, design, e-commerce, etc. 2017 Bbl 2021 DECEMBER APRIL OCTOBER NOVEMBER MA
Slide 17: Seasoned management team
SEASONED MANAGEMENT TEAM Bruno Sialelli Creative Director, Lanvin Evangelie Smyrniotaki Artistic Director, Sergio Rossi Section I 17
Slide 18: Unique dual-engine model
... STRUCTURED BY A UNIQUE “DUAL-ENGINE” MODEL ... Market Specific Strategy Special Capsule: Local Specific Platforms Paralleled Reporting Line Design, Special Events & Story-telling Targeting Local Top Management at Market Occasion & fitting Audience I QUICK DECISION COST EFFICIENCY MARKET ADAPTATI
Slide 19: Complementary creative interface
... AND COMPLEMLNI ARYCRLAIIVL INTERLACE TO CAPTURE RISING DEMAND. A NEW CREATIVE STRUCTURE: IN-HOUSE DESIGN STUDIO COMPLEMENTED BY CREATIVE TALENT PLATFORMS IN BOTH EUROPE AND CHINA TO MEET RISING MARKET DEMANDS ,¿*A MILAN CREATIVE Special Capsule/ CREATIVE DIRECTOR Crossover LAB Designer 1 I Freel
Slide 20: Perfection of luxury craftsmanship
PERFECTION OF LUXURY CRAFTSMANSHIP ... In 1954, Wolford created the In 1968, Sergio Rossi 1st seamless nylon stockings signed his 1st shoes, in the world PANCA, a summer sandal Section I 20
Slide 21: Sustainability is a key pillar of growth strategy
SUSTAINABILITY IS A KEY PILLAR OF LANVIN GROUP’S GROWTH STRATEGY Lanvin Group is committed to operating its businesses in the best interests of the environment and working together with its employees, suppliers and customers to ensure long-term sustainable growth. The group aims to develop its busin
Slide 22: Opportunity to invest in an emerging luxury platform
OPPORTUNITY TO INVEST IN AN EMERGING LUXURY PLATFORM... GLOBAL BUSINESS Startup HIGH GROWTH FOOT IN THE DOOR X X X X ACCESS TO FASTEST MATURE BUSINESS MODEL STABLE AND RESILIENT MARKET PARTNERS WHO HAVE BEEN IN GROWING MARKETS THE INDUSTRY FOR DECADES Section I 22
Slide 23: Group synergy and platform resources
Cross manufacturing Group Synergy + Full spectrum resource sharing Best practice sharing Flagship Brand \ • LANVIN Bundle contract ‘ Risk Diversification & \ c ׳, LANVIN GROUP i f Balanced portfolio c g Emerging Specialized/ Concepts Functional Global knowledge Designer Incubator New Materials • Wo
Slide 24: Compelling risk-adjusted returns
... AND COMPELLING RISK-ADJUSTED RETURNS. 06 2-3X LEAP VALUE CREATION IN REVENUES A number of luxury brands have seen strong market demographic of resurgence. Normally, it will take 5-6 years A lot of luxury brands used to be in digital / millennials / high- for 2-3x leap in revenues. a challenging
Slide 25: Diverse Portfolio of Five Iconic Luxury Heritage Brands
DIVERSE PORTFOLIO BK?WU ffi «×™4 OF FIVE ICONIC LUXURY M IIERI ACE BRANDS— ÍÍ K ion II LANVIN GROUP
Slide 26: Lanvin: one of the oldest French couture houses
ONE OFTHE OLDEST FRFNCH COUTURE HOUSFS STILL IN OPERTION “PEARL OF THE CROWN” IN FRENCH HISTORY Iconic French brand and one of the world’s oldest luxury houses currently in operation since 1889 f Synonymous with classic Parisian elegance A scarce, full-category luxury house for men, women and kids P
Slide 27: Lanvin at a glance
LAWI\ AT A Gl ANGF UNMATCHED BRAND HERITAGE AND ARCHIVE The world’s oldest couture house still in operation since 1889 / COMPREHENSIVE PRODUCT OFFERING ’f Jewelry Footwear Leather Goods Womenswear Menswear ‘ !
Slide 28: Wolford: luxury skinwear brand
ONE OF E WORLD’S LARGES LUXURY SKIN WEAR BRANDS EPITOME OF EXCLUSIVE LEGWEAR AND BODYWEAR Founded in 1950, Wolford has been known for market leading luxury legwear and bodywear The highest level of craftsmanship, process innovation as well as sustainable, environmentally friendly and ethical product
Slide 29: Wolford at a glance
WOLFORD AT A GL ANCF RENEWED BRAND POSITIONING THROUGH THREE PILLARS DIVERSE SKINWEAR PRODUCT LINE-UP REVAMPING BRANDING & MARKETING READY-TO-WEAR DIGITAL MARKETING AND CONSUMER CELEBRITIES & KOL MARKETING g B COMMUNICATION Brand Ambassador Digital Marketing \ Section II 29
Slide 30: Sergio Rossi: Italian footwear brand
LEGEND OF SHOEMAKER IN THE WORLD HERITAGE OF AN ITALIAN LEGENDARY FOOTWEAR BRAND Made-in-Italy luxury footwear brand since 1951 Deeply rooted in the creativity and expertise of its eponymous founder Brand DNA built around quality, craftsmanship, authenticity and Italian heritage Handmade shoes for s
Slide 31: Sergio Rossi: knack for delivering hit products
SERGIOUOSSI 1 2 SUPERB KNACK IN DELIVERING HIT PRODUCTS HEART AND SOUL OF SERGIO ROSSI 12’000+ 200+ Total production Artisans and Documents and 4 area (sqm) employees images digitalized 120,000 100% 6,000+ Pairs capacity in Green energy- f warehouse based facility . San Mauro “The Living Heritage” .
Slide 32: St. John: classic, timeless American house
CLASSIC, TIMELESS AND AMERICAN I HOUSE A FASCINATING COMBINATION OF CRAFT AND COUTURE - Founded in 1962 on the premise of a simple, elegant, and versatile knit dress Great American design—timeless elegance, unsurpassed quality and craftsmanship Targeting affluent women—the preeminent brand in knitwe
Slide 33: St. John: luxury craftsmanship
CT AT LUXURY CRAFTSMANSHIP Commitment to creating the finest, most luxurious knitwear in the world UNIQUE AMERICAN HERITAGE ^11^1111^^ 196s 1970s 1980s 1990s 2000s Maria Gray Exotic Yarn Evening Collection St. John Boutique Angelina Jolie Hillary Clinton Michelle Obama Jill Biden Section II 33
Slide 34: Caruso: premier menswear manufacturer
THE PREMIER MENSWEAR MANUFACTURER IN LEADING HIGH-END MENSWEAR PLAYER ’ Founded in , Italy in 1958 by the legendary tailor Caruso from Naples Together with , it is one of the largest and most advanced manufacturers of menswear and partner of choice for luxury labels in Europe Caruso has evolved from
Slide 35: Caruso: from tailoring to menswear
CARUSO Al ACUANCL FROM TAILORING TO MENSWEAR & TWO INTERTWINED AND SYNERGISTIC BUSINESSES PLAYFUL ELEGANCE CARUSO Harrods SIS, BFC Boutique London, UK Shanghai, China Section II 35
Slide 36: Financial Information
FINANCIAL INFORMATION Section III LANVIN GROUP
Slide 37: Lanvin Group's numbers at a glance
LANVIN GROUP’S NUMBERS AT A GLANCE 2021PF 2021PF 2021PF Global Revenue Greater China Revenue North America Revenue €333M €46M €9M 2021PF 2021PF 2021PF Global Revenue Growth Greater China Revenue Growth North America Revenue Growth vs 2020PF vs 2020PF vs 2020PF +23% +57% +28% Note: Lanvin Group acqui
Slide 38: Lanvin Group's current trading
LANVIN GROUP S CURRENT TRADING Lanvin Group Global Revenue (€mn) Lanvin Group Adjusted EBITDA (€mn) 1H 2021 Actual 1H 2022 €202 €117 (€36) (€36) Adj. EBITDA Change % Actual 1H 2021 Actual 1H 2022 Note: (1) Actual 1H 2021 and 1H 2022 Lanvin Group global revenue and adjusted EBITDA are reviewed by aud
Slide 39: Lanvin Group's key financials
LANVIN GROUP’S KEY FINANCIALS SOLID REVENUE AND ADJUSTED EBITDA GROWTH BY SIGNIFICANT INVESTMENTS IN EXISTING BRANDS AND POTENTIAL NEW INVESTMENTS Revenue Growth 2020PF-2025E (€mn) 4 Adjusted EBITDA Growth 2020PF-2025E (€mn)( 5) 9% €85 €30 €808 62 —K €473 79 Q €(29) 9 (116) 400 €333(6) €270 57 !3 ®
Slide 40: Revenue evolution by brands
LANVIN GROUP’S REVENUE EVOLUTION BY BRANDS CONVINCING REVIVAL PLAN ACROSS FIVE HERITAGE BRANDS AND POTENTIAL NEW INVESTMENTS Revenue Growth Bridge 221PF-2025E (mn) €114 €989 €46 €115 74 €109 €198 €33 221PF(1) LANVIN |[wöiford]| sergio rossi ST JOHN PotenttaentsW 2025E Note: (1) 2021PF Revenue includ
Slide 41: Growth led by geographic and channel strategy
LANVIN GROUP’S GROWTH WILL BE LED BV ITS GFOGRAPHIC & DISTRIBUTION CHANNEI STRATEGY 2O21PF<’> 2025E(2> Others Others Greater China Greater China Revenue Mix by Geography EMEA €333M 8% 989M Greater China revenue is expected to increase by 5 times as part of dual engine strategy North 33% America Nort
Slide 42: Margin expansion
LANVIN GROUP’S MARGIN EXPANSION 220PF +€45M 221PF +€17M 225E Adj. EBITDA(,) 2021PF Adj. EBITDA increase vs 2020PF Adj. 15 < 2025E Adj. EBITDA increase vs 2021PF Adj. EBITD Revenue Growth Revenue increase by 23% Revenue increase by 2x Channel mix, product mix upgrade, Gross Margin Pricing power & cha
Slide 43: Historical P&L and outlook
LANVIN GROUP’S HISTORICAL P&L OUTLOOK HISTORICAL PROJECTED Revenu(1) 410 270 33 473 615 808 989 Revenue Growth % -34% 23% 42% 30% 31% 22% Adjusted EBITD (111) (130) (85) (72) (29) 30 85 Adjusted EBITDA change -19 45 12 43 59 56 Margin % (27%) (48%) (25%) (15%) (5%) 4% 9% Note: (1) 2019PF, 2020PF and
Slide 44: Transaction Overview
TRANSACTION OVERVIEW Section IV LANVIN GROUP
Slide 45: Transaction summary
TRANSACTION SUMMARY TRANSACTION HIGHLIGHTS SOURCES & USES(5) $1.3bn Sources $m Uses $m EV / FY2 Sales Existing shareholder rollover 1,000 Value PIPE Investors(3) 50 Private PlaceVent () 50 Cash on Balance Sheet(3)(6) 559 Holders 80 $1.7bn 58% EstiVated Transaction Expenses 35 n r • . Exsting LG Shar
Slide 46: Positive cost basis for non-redeeming SPAC shareholders
PLUSI RAIIVF COS I BASIS I OR NON-RFDFFMING SPAC SHARFHOI DFRS Non-redeeming PCAC SPAC public shareholders to receive a pro-rata portion of a 3.6 million bonus pool of shares at closing1 As redemptions increase, cost basis to non-redeeming PCAC public shareholders decreases, creating a tontine-style
Slide 47: Revenue growth outpacing industry peers
LANVIN GROUP REVENUE GROWTH OUTPACING INDUSTRY PEERS OPERATION BENCHMARKING OF COMPARABLE COMPANIES REVENUE CAGR 2022E—2025E 2022E—2025E I 27.9% i i I I I I ¡ 9.5% 9.6% 9.2% 8.5% 8.3% 9.2% ; “%i 6.7%6.8% 8•3% 5.6% ! LANVINGROUP E G MONCLER PRADAspa BURBERRY Ermenegildo Zegna Group TODS GROUP ! 2022-
Slide 48: Valuation benchmarking of comparable companies
VALUATION BENCHMARKING OF COMPARABLE COMPANIES EV / 2022E SALES I I With Bonus Shares(1) At Deal(2) 5.0x 4.8x 3x 3 .5x 3.1x 2.6 x Median: 3.1x 2 2.0x I ! LANVIN GROUP ! ADA spa BURBERRY Ermenegildo Zegna Group TOD’S I 1 2022E 2022E Median EV / 2023E SALES I With Bonus Shares(1) At Deal(2) 4.5x 4.4x
Slide 49: Appendix
APPENDIX LANVIN GROUP
Slide 50: Advisory team backgrounds
W) HK • Board Member, Apollo Strategic Growth • Co-Founder, Rent the Runway • Founder, Nexus Management Group • Board Member, Shutterfly •• PCaor-tFnoeur,nVdoelri,tiRonenCtathpeitaRlunway •• FBoouanrdd eMr,eNmebxeurs, WMaarnnaegreMmuesnict Group • Board Member, Rackspace •• PBaoratrnderM, Vemolbitie
Slide 51: World class advisory team
LANVIN GROUP’S REVENUE EVOLUTION BY BRAND WORLD CLASS ADVISORY TEAM
Slide 52: Revenue evolution by brand: Lanvin and Sergio Rossi
LANVIN GROUP’S REVENUE EVOLUTION BY BRAND PROVEN HISTORICAL TRACK RECORD AND CLEAR GROWTH DRIVERS FOR FUTURE EXPANSION Revenue (1), € in millions LANVIN 6 Acquired 2018) Retai+110.7M .6 54.2 30.0 26.5 66.0 32.7 1 (2) (2) FY2020 FY2021 Retail Stores Growth China New Retail Store Global New Retail Sto
Slide 53: Revenue evolution by brand: Wolford and St. John
LANVIN GROUP’S REVENUE EVOLUTION BY BRAND PROVEN HISTORICAL TRACK RECORD AND CLEAR GROWTH DRIVERS FOR FUTURE EXPANSION _ Revenue(1), € in millions | [Wolford] | Retail+41.8M 527 220.1 (Acquired in 2018) ! i ! I i i 0 3.1 21.4 6.6 13.8 5 97.1 I I I \ \ \ \ FY2020 FY2021 \ Retail China New (2) Global
Slide 54: Key strategic areas providing room for growth
KEY STRATEGIC AREAS PROVIDING TREMENDOUS ADDITIONAL ROOM EOR GROWTII CONSERVATIVE CURRENT PROJECTIONS FOR RETAIL ROLLOUT AND STRONG E-COMMERCE GROWTH PROSPECTS DOS of China Stores of E-commerce Sales Luxury Fashion Groups Luxury Fashion Brands Double DOS # in \ Ì XCOmparedtO2021 -178M i 21-25 CAGR:+
Slide 55: Use of proceeds
USE OF PROCEEDS FREE CASH FLOW POSITIVE IN 2023Q4 $160M operation cash support is sufficient to make Lanvin Group generate positive free cash flow in 2023Q4 $140M will be allocated to new investments If any additional capital, it will be allocated to invest in growth & expansion projects (cosmetics,
Slide 56: Risk factors
RISK FACTORS The risks presented below are certain of the general risks related to Fosun Fashion Group (Cayman) Limited and its subsidiaries (collectively, the “Company”), Primavera Capital Acquisition Corporation (“SPAC”) and the proposed business combination between the Company and SPAC (the “Busi
Slide 57: Disclaimer (1/2)
DISCLAIMER (1/2) Cautionary Notes This presentation (“Presentation”) is for informational purposes only. This Presentation shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any states or jurisdictions in which
Slide 58: Disclaimer (2/2)
DISCLAIMER (2/2) Use of Data The data contained herein is derived from various internal and external sources. No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modeling or any other information contained herein. An