Slide 1: Interim three months 2022
Interim three months 2022 8 June 2022 INDITEX INTERIM THREE MONTHS 2022 1
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: Strong operating performance
Strong operating performance INDITEX INTERIM THREE MONTHS 2022 3
Slide 4: 1Q2022: Strong operating performance
1Q2022: Strong operating performance Fully-integrated, digital, sustainable business model accelerates Inditex’s differentiation Very strong sales progression in 1Q2022. Spring/Summer collections very well received Strong rebound in store traffic. Store optimisation proved key Remarkable ope
Slide 5: 1Q2022: Strong operating performance
1Q2022: Strong operating performance Sales reached €6.7 billion, +36% Strong execution of business model Extraordinary charge of €216 million to provision all expected expenses in Russian Federation and Ukraine for 2022 Tight control of operating expenses Net income reached €760 million, +
Slide 6: Zara Woman Studio
Zara Woman Studio INDITEX INTERIM THREE MONTHS 2022 6
Slide 7: Zara Summer collection
Zara ZaraSummer collection Man Studio INDITEX INTERIM THREE MONTHS 2022 7
Slide 8: Zara Kids Summer camp
Zara Kids Summer camp INDITEX INTERIM THREE MONTHS 2022 8
Slide 9: Zara Home I’m awake, a collection for newborns
Zara Home I’m awake, a collection for newborns INDITEX INTERIM THREE MONTHS 2022 9
Slide 10: Massimo Dutti Limited edition
Massimo Dutti Limited edition INDITEX INTERIM THREE MONTHS 2022 10
Slide 11: Bershka Festival season
Bershka Festival season INDITEX INTERIM THREE MONTHS 2022 11
Slide 12: Pull&Bear Dresses
Pull&Bear Dresses INDITEX INTERIM THREE MONTHS 2022 12
Slide 13: Stradivarius Ø waste denim
Stradivarius Ø waste denim INDITEX INTERIM THREE MONTHS 2022 13
Slide 14: Oysho On the beach
Oysho On the beach INDITEX INTERIM THREE MONTHS 2022 14
Slide 15: Zara Plaza España
Zara Plaza España INDITEX INTERIM THREE MONTHS 2022 15
Slide 16: Financial summary
Financial summary INDITEX INTERIM THREE MONTHS 2022 16
Slide 17: 1Q2022: Very strong operating performance
1Q2022: Very strong operating performance € million 1Q22 1Q21 22/21 Strong execution of the business model Net sales 6,742 4,942 36% Healthy gross margin Gross profit 4,054 2,962 37% Efficient cost management EBITDA 1,917 1,235 55% Extraordinary charge of €216 million to provision all expect
Slide 18: Sales
Sales € million 1Q22 1Q21 22/21 Significant rebound in traffic to Inditex stores Net sales 6,742 4,942 36% Very strong performance across all regions Strong progression in the USA continues INDITEX INTERIM THREE MONTHS 2022 18
Slide 19: Gross margin
Gross margin € million 1Q2022 1Q2021 22/21 Very healthy execution of the business model Gross margin 60.1% 59.9% +20bps Highest 1Q gross margin in 10 years INDITEX INTERIM THREE MONTHS 2022 19
Slide 20: Operating efficiencies
Operating efficiencies € million 1Q22 1Q21 22/21 The main components of operating expenses have shown a very good Op. expenses 2,126 1,716 24% performance Operating expenses grew below sales growth INDITEX INTERIM THREE MONTHS 2022 20
Slide 21: Working capital increased +57% due to strong execution
Working capital increased +57% due to strong execution € million 1Q22 1Q21 Inventory +27% and is considered of high quality Inventory 3,517 2,769 Increased product availability in the face of Receivables 874 893 possible supply chain tensions, without Payables (7,710) (5,781) altering commitment
Slide 22: Strong cash flow and financial condition
Strong cash flow and financial condition € million 1Q22 1Q21 22/21 Strong cash generation Net cash position 9,189 7,176 28% Net cash position up +28% INDITEX INTERIM THREE MONTHS 2022 22
Slide 23: Concepts
Concepts INDITEX INTERIM THREE MONTHS 2022 23
Slide 24: Store & Online sales by concept
Store & Online sales by concept Sales Strong expansion continues Pull&Bear Massimo Dutti Store openings in 16 different markets in Bershka 1Q2022 Optimization activities across all concepts Stradivarius Oysho Zara & Zara Home INDITEX INTERIM THREE MONTHS 2022 24
Slide 25: Performance per concept
Performance per concept Bershka Pull&Bear Stradivarius Massimo Group average Oysho Dutti Store sales across all concepts have been robust Zara exceptionally strong performance All concepts have performed strongly, especially Stradivarius, Pull&Bear and Bershka INDITEX INTERIM THREE MONTHS 2022
Slide 26: Sustainability innovation hub: Technology in recycled fabrics
Sustainability innovation hub: Technology in recycled fabrics Launch of a capsule collection made from fibres transformed from clothing waste Infinna is an upcycled textile fibre using a technology that turns cellulose-rich materials such as worn out clothes, into a new fabric that feels like co
Slide 27: Infinited Fiber x Zara VIDEO
Infinited Fiber x Zara VIDEO INDITEX INTERIM THREE MONTHS 2022
Slide 28: Outlook
Outlook INDITEX INTERIM THREE MONTHS 2022 28
Slide 29: Continuity in key strategic pillars
Continuity in key strategic pillars Unique business model Full integration of Stores & Online Customer-centric and entrepreneurial corporate culture Sustainability and digitalisation Investment in the future growth of the business Predictable attractive shareholding remuneration 29 INDIT
Slide 30: Outlook
Outlook Global fully integrated Store & Online Strong organic growth. Increased differentiation Online sales to exceed 30% of total sales by 2024 Stable gross margins Higher returns. Lower capital intensity Capex of €1.1 billion for 2022 INDITEX INTERIM THREE MONTHS 2022 30
Slide 31: Dividends
Dividends A dividend of €0.93 per share (+33%) for 2021 proposed 2 May 2022: €0.465 per share ordinary paid 2 November 2022: €0.465 per share (€0.165 ordinary + €0.30 bonus) Inditex dividend policy of 60% ordinary payout and bonus dividends remains in place Total bonus dividend of €0.40 pe
Slide 32: Outlook 2022
Outlook 2022 Strong Spring/Summer season Store and online sales in constant currency between 1 May and 5 June 2022 increased 17% versus the record period in 2021 (+13% in the last two weeks versus the same period in 2021). Currently 90% of stores are open. INDITEX INTERIM THREE MONTHS 2022 32
Slide 33: Interim three months 2022
Interim three months 2022 8 June 2022 INDITEX INTERIM THREE MONTHS 2022 33