SEPARATE FINANCIAL STATEMENTS202 203SEPARATE FINANCIAL STATEMENTS MONCLER GROUP

2021

relationship 2021 2020 Industries S.p.A. Trade payables b (2,318) 7.2% (25) 0.2% Industries S.p.A. Financial debt a (365,610) 0.0% 0 0.0% Industries S.p.A. Financial f 0 0.0% 54,439 100.0% receivables Industries S.p.A. Debt from fiscal d (11,649) 49.2% 0 0.0% consolidation Industries S.p.A. Credit from fiscal e 0 0.0% 269 0.0% consolidation Industries S.p.A. Trade receivables c 83,816 98.5% 135,761 99.8% Industries S.p.A. Credit from fiscal e 4,111 74.8% 0 0.0% consolidation Industries S.p.A. Debt from fiscal d 0 0.0% (9,345) 0.0% consolidation Sportswear Company S.p.A. Financial f 1,075 100.0% 0 0.0% receivables Other Group companies Trade receivables c 62 0.1% 59 0.0% Other Group companies Trade payables b (91) 0.3% (17) 0.1% Directors and board of Other current d (3,631) 15.3% (442) 2.8% statutory auditors liabilities Total (294,235) 180,699

a effect in % based on total financial debt b effect in % based on trade payables c effect in % based on trade receivables d effect in % based on other current liabilities e effect in % based on other current assets f effect in % based on total financial receivables

The following tables summarise the weight of related-party trans- actions on the financial statements as at and for the years ended 31 December 2021 and 2020:

31 DECEMBER 2021

(Euro/000) Revenues Operating Financial Financial Trade Other Trade Other Total Total expenses expenses income receivables current payables payables, financial financial assets current debt receivables Total related parties 299,144 (12,051) (831) 33 83,878 4,111 (2,409) (15,280) (365,610) 1,075 Total financial statement 302,093 (113,596) (1,684) 33 85,097 5,498 (32,393) (23,658) (372,373) 1,075 Weight % 99.0% 10.6% 49.3% 100.0% 98.6% 74.8% 7.4% 64.6% 0.0% 100.0%

31 DECEMBER 2020

(Euro/000) Revenues Operating Financial Financial Trade Other Trade Other Total Total expenses expenses income receivables current payables payables, financial financial assets current debt receivables Total related parties 237,971 (7,198) (79) 332 135,820 269 (42) (9,787) 0 54,439 Total financial statement 238,601 (79,689) (352) 420 136,078 1,707 (16,154) (15,679) (1,316) 54,439 Weight % 99.7% 9.0% 22.4% 79.0% 99.8% 15.8% 0.3% 62.4% 0.0% 100.0%

8.2 STOCK-BASED COMPENSATION PLANS

The Financial Statements at 31 December 2021 refl ects the values of the Performance Shares Plan approved in 2018 and in 2020.

The costs related to stock-based compensation plans are equal to EUR 6,663 thousand in the 2021, compared with EUR 7.958 thu- sand in 2020.

On 16 April 2018 the Shareholders Meeting of Moncler ap- proved the adoption of a Stock Grant Plan entitled 2018-2020 Performance Shares Plan ( 2018 Plan ) addressed to Executive Directors and/or Key Managers, and/or employees, and/or collab- orators, and/or external consultants of Moncler S.p.A. and of its subsidiaries, which have strategically relevant roles or are other- wise capable of making a significant contribution, with a view of pursuing the Group s strategic objectives.

The object of the Plan is the free granting of the Moncler shares in case certain performance targets are achieved at the end of the vesting period of 3 years.

The performance targets are expressed base on the earning per share index ( EPS ) of the Group in the vesting period, adjust- ed by the conditions of over/under performance.

The proposed maximum number of shares serving the Plan is equal to n. 2,800,000 resulting from the allocation of treasury shares. THE PLAN PROVIDES FOR A MAXIMUM OF 3 CYCLES OF ATTRI-

BUTION; THE FIRST ATTRIBUTION CYCLE, APPROVED DURING 2018, ENDED WITH THE ASSIGNMENT OF 1,365,531 MONCLER RIGHTS. THE SECOND ATTRIBUTION CYCLE, APPROVED DURING 2019, ENDED WITH THE ASSIGNMENT OF 341,514 MONCLER RIGHTS. As regards the first allocation cycle: The 3-year vesting period ended with the approval of the

Draft Financial Statements as at 31 December 2020. The performance targets were met, together with the

over-performance condition. Therefore, No. 1,479,123 shares (including No. 246,520

shares deriving from over-performance) were assigned to the beneficiaries through the allocation of treasury shares (with reference to Moncler S.p.A., No. 351,114 shares were assigned to the beneficiaries, including No. 58,519 shares deriving from over-performance).

The effect on the income statement on the year 2021 amounted to EUR 1,008 thousand.

As at 31 December 2021 there were still in circulation 262,152 rights related to the second cycle of attribution. With reference to Moncler S.p.A., as at 31 December 2021 there were still in circula- tion 98,280 rights related to the second cycle of attribution.

The effect on the income statement on the year 2021 amounted to EUR 971 thousand.

On 11 June 2020, the Ordinary Shareholders Meeting has approved, pursuant to art. 114-bis of the Consolidated Law on Finance, the adoption of a Stock Grant Plan denominated 2020 Performance Shares Plan addressed to Executive Directors, Key Managers, employees and collaborators, therein including Mon- cler s external consultants and of its subsidiaries.

The object of the Plan is the free granting of the Moncler shares in case certain Performance Targets are achieved at the end of the vesting period of 3 years.

The Performance Targets are expressed base on the follow- ing index of the Group in the Vesting Period, adjusted by the con- ditions of over/under performance: (i) Net Income, (ii) Free Cash Flow and (iii) ESG (Environmental Social Governance).

The proposed maximum number of shares serving the Plan is equal to n. 2,000,000 resulting from capital increase and/or al- location of treasury shares.

The Plan provides for a maximum of 3 cycles of attribution; as regards the first attribution cycle, on 11 June 2020 the Board of Directors resolved the granting of 1,350,000 Moncler Rights. The second attribution cycle, approved during 2021, ended with the assignment of 463,425 Moncler Rights.

As at 31 December 2021 there are still in circulation 1,132,742 rights related to the first cycle of attribution and 459,155 rights related to the second cycle of attribution. With ref- erence to Moncler S.p.A., as at 31 December 2021 there were still in circulation 165,273 rights related to the first cycle of attribution and 246,759 rights related to the second cycle of attribution.

The effect on the income statement on the year 2021 amounted to EUR 4,529 thousand. As stated by IFRS 2, these plans are defined as Equity Settled.

For information regarding the plan, please see the compa- ny s website, www.monclergroup.com, in the Governance/Share- holders Meeting section.

8.3 SIGNIFICANT NON-RECURRING EVENTS AND TRANSACTIONS

We point out that, on June 14, 2021, Moncler S.p.A. Board of Di- rectors, putting into effect the resolutions adopted by the Share- holders Meeting of June 11, 2020, resolved, with reference to the stock grant plan denominated 2020 Performance Shares Plan , the granting of 463,425 shares to 59 beneficiaries.

The description of the stock-based compensation plans and the related costs are included in note 8.2.

On 30 December 2021, following the partial demerger of Sportswear Company S.p.A. in favour of Moncler S.p.A., the lat- ter was assigned the assets of Sportswear Company S.p.A. rep- resented by the Stone Island brand and the set of assets and contracts that compose the Style and Marketing divisions.