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In addition to presenting our revenues on a current currency basis, we also present certain revenue information on a constant currency basis, which excludes the effects of foreign currency translation from our subsidiaries with functional currencies different from the Euro. 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Zegna’s management believes this non-IFRS measure aids management, investors and analysts to analyze Zegna’s financial position and financial resources available, and to compare Zegna’s financial position and financial resources available with that of other companies.", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 12:11:22.518+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f431713b-eb28-4203-97f0-c2a7ed248996", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.33, "x": 0.03, "y": 0.07 }, "kind": "title", "text": "Non-IFRS Financial Measures", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 12:11:22.518+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "2a0fdc6f-c56d-47f3-b03e-464cc7ada7bb", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 24, "type": "appendix", "function": "appendix", "rawType": "appendix", "block": null, "metadata": { "slideType": "appendix", "slideTypeCanon": { "name": "Appendix", "slug": "appendix", "status": "active", "canonId": "019de52d-0762-71f8-b564-89ab863301cc", "version": 1, "description": null }, "function": "appendix", "functionCanon": { "name": "Appendix", "slug": "appendix", "status": "active", "canonId": "019de52d-138d-750b-83c3-49b4bc7a7a38", "version": 1, "description": null }, "density": "balanced", "densityScore": 46, "componentCount": 3, "textChars": 1540, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "at": "2026-05-02 12:11:21.421+00", "seconds": 3.222, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de074-44b2-740b-a444-620f81200b55/24", "deck": "/decks/019de074-44b2-740b-a444-620f81200b55", "deckAnchor": "/decks/019de074-44b2-740b-a444-620f81200b55#slide-24", "deckJson": "/decks/019de074-44b2-740b-a444-620f81200b55.json" }, "components": [ { "bbox": { "h": 0.035, "w": 0.214, "x": 0.748, "y": 0.055 }, "kind": "image", "text": "Ermenegildo Zegna Group", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 12:11:21.421+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ae96632c-3e44-4c9f-9454-ff3552aa870e", "parentComponentId": null }, { "bbox": { "h": 0.63, "w": 0.93, "x": 0.048, "y": 0.135 }, "kind": "list", "text": "(1) y o y: used to refer to year on year growth rate. All growth rates are at actual currency\n(2) Growth rates in this presentation are year on year unless specified differently\n(3) cFX growth: means growth at constant currency. For the description of constant currency calculation, see page 23\n(4) FX: means foreign exchange or currency\n(5) M: may be used to refer to million\n(6) d d: means double digit\n(7) E com means e commerce\n(8) DOS: Directly Operated Store\n(9) DTC: Direct to Consumer or Retail. DTC includes DOSs and direct E Commerce\n(10) 1Q22 or 1Q21: means three months period from 1 January 2022 to March 31, 2022 and three months period from January 1, 2021 to March 31, 2021\n(11) 2Q22 or 2Q21: means three months period from April 1, 2022 to June 30, 2022 and from April 1, 2021 to June 30, 2021\n(12) 3Q22 or 3Q 21: means three months period from July 1, 2022 to September 30, 2022 and three months period from July 1, 2021 to September 30, 2021\n(13) 4Q22 or 4Q 21: means three months period from October 1, 2022 to December 31, 2022 and three months period from October 1, 2021 to December 31, 2021\n(14) 1H22 or 1H 21: means six months period from January 1, 2022 to June 30, 2022 and six months period from January 1, 2021 to june 30, 2021\n(15) GCR: refers to Greater China Region . For Zegna’s reporting purposes the Greater China Region includes the Chinese mainland, Hong Kong S.A.R., Macau S.A.R. and Tai wan\n(16) Americas: Americas include North America and Latin America", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Numbered list", "slug": "numbered", "status": "active", "canonId": "019de52c-fcc0-7718-a284-a4250c805df2", "version": 1, "description": null }, "framework": null }, "subkind": "numbered", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 12:11:21.421+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3f2b1cf4-8767-48a7-ab49-55d1d2e960af", "parentComponentId": null }, { "bbox": { "h": 0.035, "w": 0.29, "x": 0.038, "y": 0.055 }, "kind": "title", "text": 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"y": 0.056 }, "kind": "image", "text": "Ermenegildo Zegna Group", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 12:11:21.302+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5d1fbc73-5540-499f-9a45-09b36ba326f6", "parentComponentId": null }, { "bbox": { "h": 0.15, "w": 0.68, "x": 0.09, "y": 0.53 }, "kind": "paragraph", "text": "Media\nBrunswick Group\nBrendan Riley / Daria Danelli / Marie Jensen\nbriley@brunswickgroup.com / ddanelli@brunswickgroup.com / mjensen@brunswickgroup.com\n+1 (917) 755 1454 / +39 348 635 1149 / +33 (0) 6 49 09 39 54", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 12:11:21.302+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "347db9e4-f99a-4b66-9261-87871e481eda", "parentComponentId": null }, { "bbox": { "h": 0.08, "w": 0.15, "x": 0.09, "y": 0.77 }, "kind": "paragraph", "text": "Community\nMarco Rubino\n+39 335 6509552", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 12:11:21.302+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "82db7de6-943f-4922-b020-d0e60ceecb81", "parentComponentId": null }, { "bbox": { "h": 0.3, "w": 0.35, "x": 0.09, "y": 0.15 }, "kind": "paragraph", "text": "Investor Relations\nInvestor Relations/Group Communications\nFrancesca Di Pasquantonio\nfrancesca.dipasquantonio@zegna.com\n+39 335 5837669\n\nClementina Tito\nclementina.tito@zegna.com", "attrs": null, "canon": 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