Lanvin : 2023 Full-Year Results

LANVIN GROUP

2023 FULL-YEAR RESULTS

April 30, 2024

DISCLAIMER

Forward-Looking Statements

This presentation, including the sections "2024 GUIDANCE", "BRAND-LEVEL PERFORMANCE" and "APPENDIX", contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," "project" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this presentation, and on the current expectations of the respective management of Lanvin Group and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lanvin Group. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, Lanvin Group's ability to timely complete its financial closing procedures and finalize its consolidated financial statements for fiscal year 2023; changes adversely affecting the business in which Lanvin Group is engaged; Lanvin Group's projected financial information, anticipated growth rate, profitability and market opportunity may not be an indication of its actual results or future results; management of growth; the impact of health epidemics, pandemics and similar outbreaks, including the COVID-19 pandemic on Lanvin Group's business; Lanvin Group's ability to safeguard the value, recognition and reputation of its brands and to identify and respond to new and changing customer preferences; the ability and desire of consumers to shop; Lanvin Group's ability to successfully implement its business strategies and plans; Lanvin Group's ability to effectively manage its advertising and marketing expenses and achieve desired impact; its ability to accurately forecast consumer demand; high levels of competition in the personal luxury products market; disruptions to Lanvin Group's distribution facilities or its distribution partners; Lanvin Group's ability to negotiate, maintain or renew its license agreements; Lanvin Group's ability to protect its intellectual property rights; Lanvin Group's ability to attract and retain qualified employees and preserve craftmanship skills; Lanvin Group's ability to develop and maintain effective internal controls; general economic conditions; the result of future financing efforts; and those factors discussed in the reports filed by Lanvin Group from time to time with the SEC. If any of these risks materialize or Lanvin Group's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lanvin Group presently does not know, or that Lanvin Group currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lanvin Group's expectations, plans, or forecasts of future events and views as of the date of this presentation. Lanvin Group anticipates that subsequent events and developments will cause Lanvin Group's assessments to change. However, while Lanvin Group may elect to update these forward-looking statements at some point in the future, Lanvin Group specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Lanvin Group's assessments of any date subsequent to the date of this presentation. Accordingly, reliance should not be placed upon the forward-looking statements.

Use of Non-IFRS Financial Metrics

This presentation includes certain non-IFRS financial measures (including on a forward-looking basis) such as contribution profit, contribution profit margin, adjusted earnings before interest and taxes ("Adjusted EBIT"), and adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA" and trade working capital). These non-IFRS measures are an addition, and not a substitute for or superior to measures of financial performance prepared in accordance with IFRS and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with IFRS. Reconciliations of non-IFRS measures to their most directly comparable IFRS counterparts are included in the Appendix to this presentation. Lanvin Group believes that these non- IFRS measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about Lanvin Group. Lanvin Group's management uses forward looking non-IFRS measures to evaluate Lanvin Group's projected financial and operating performance. Lanvin Group believes that the use of these non-IFRS financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Lanvin Group's financial measures with other similar companies, many of which present similar non-IFRS financial measures to investors. However, there are a number of limitations related to the use of these non-IFRS measures and their nearest IFRS equivalents. For example, other companies may calculate non-IFRS measures differently, or may use other measures to calculate their financial performance, and therefore Lanvin Group's non-IFRS measures may not be directly comparable to similarly titled measures of other companies. Lanvin Group does not consider these non-IFRS measures in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-IFRS financial measures is that they exclude significant expenses, income and tax liabilities that are required by IFRS to be recorded in Lanvin Group's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgements by Lanvin Group about which expense and income are excluded or included in determining these non-IFRS financial measures. In order to compensate for these limitations, Lanvin Group presents non-IFRS financial measures in connection with IFRS results.

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BUILDING THE NEW LUXURY

Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, China, managing iconic brands worldwide, including Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso.

Harnessing the power of its unique strategic alliance of industry-leading partners in the luxury fashion sector, Lanvin Group strives to expand the global footprint of its portfolio brands and achieve sustainable growth through strategic investment and extensive operational know-how, combined with an intimate understanding and unparalleled access to the fastest-growing luxury fashion markets in the world.

TABLE OF CONTENTS

PAGE 7

A UNIQUE GLOBAL

LUXURY PLATFORM

PAGE 19

GROUP CONSOLIDATED

FINANCIAL RESULTS

PAGE 12

2023 KEY STRATEGIES AND ACHIEVEMENTS

PAGE 27

BRAND-LEVEL PERFORMANCE

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OVERVIEW OF 2023

ACHIEVEMENTS

RESILIENCY AND CONSISTENT DELIVERY OF STRATEGIES WERE KEY

01	Revenue grew despite challenging markets; Lanvin brand
resilient through creative transition and improved its sales
	trend in the second half of 2023
02	Steady regional performance in EMEA and North America
while facing macro-headwinds; APAC grew nearly 8%
03	Improved store metrics from increased productivity;
started Middle East expansion with Lanvin boutique in
	Riyadh
04	E-Commerce grew 3%, leveraging the group's US digital
platform
	Continuing the path to profitability with gross margin
05	increasing to 59%, contribution profit margin up to 6%, and
Adjusted EBITDA continuing to improve

LANVIN GROUP AT A GLANCE

2023		2023 Greater China		2020-2023
Global Revenue		Revenue Growth		Global Revenue CAGR
€426 mm		+9%		+24%

2023 vs. 2022		2023 vs. 2022		2023 vs. 2022
Gross Margin Change		Contribution Profit%(1) Change		Adj. EBITDA%(1) Change
+254 bps		+255 bps		+198 bps

Retail revenue resilient coupled		New product offerings and		Continued development of
with footprint optimization		choice collaborations drove		retail network with first Middle
drove improving store metrics		significant brand heat		East Lanvin location in Riyadh

Note: Figures in this presentation have been rounded, which may affect the result of certain mathematical calculations presented herein.
(1) These are Non-IFRS Financial Measures and will be mentioned throughout this presentation. Please see Page 45 for Non-IFRS Financial Measures and Definition.	6

OUR UNIQUE GLOBAL PLATFORM AND RESILIENT

STRATEGIES DELIVERED GROWTH.

Source: Bain-Altagamma Luxury Goods Worldwide Market Study (Fall 2021-20th). Euromonitor.

Section I

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A PORTFOLIO WITH DISTINGUISHED PROVENANCE…

LANVIN GROUP'S BRANDS WORK TOGETHER TO BUILD A WARDROBE OF MODERN, GENERATIONAL LUXURY FOR ITS CONSUMERS BY SYNERGIZING EACH BRAND'S CREATIVITY AND CORE SKILLS IN DESIGN AND PRODUCTION

SINCE

1950

2023 Revenues - €126 million % of Group Revenues - 30%

Iconic Skinwear Brand Originated from Austria that Combines Luxury, Technology, and Premier Manufacturing

SINCE

1889

2023 Revenues - €112 million % of Group Revenues - 26%

The Oldest Operating

French Couture House

SINCE

1951

2023 Revenues - €60 million % of Group Revenues - 14%

A Forerunner in Design; Manufacturing

Shoes and Accessories with Provocative,

Modern Sophistication from Italy

SINCE

1958

2023 Revenues - €40 million % of Group Revenues - 9%

The Reference Luxury Tailoring Manufacturer in Italy, Combining Traditional Skills with Innovation in Shapes and Material

SINCE

1962

2023 Revenues - €90 million % of Group Revenues - 21%

A Foundation of American Luxury; Building Wardrobes with Timeless yet Contemporary Style

Note: Revenue eliminations are not allocated by brand and result mainly from intragroup transactions. Brand-level results are presented exclusive of eliminations.

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…AND EXPANSIVE POSSIBILITIES

KEY STRATEGIES AND INITIATIVES IN BRAND, PRODUCT, CHANNEL AND REGION CONTINUE TO PROMOTE GROWTH

Refocused Brand Strategy	Increased Brand Visibility	Proven Category Initiatives	Balanced Regional Growth		Digital & Omnichannel
•	Back to brand DNAs and ethos	•	Continued investment in branding	•	Increased accessory contribution	•	Ongoing store network upgrade	•	Continued growth in e-Commerce
•	Focus on core iconic offerings	•	Targeted brand collaborations	•	Successful category extension	•	Expansion into Middle East markets	•	Digital infrastructure implementation

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THE KEYS TO SUCCESS…

NIMBLE		DIGITAL		START-UP		UNICORN
APPROACH		MIND-SET		VALUE		TRACKRECORD

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