GROUP STRUCTURE

The Consolidated Financial Statements of the Moncler Group at 31 December 2021 include Moncler S.p.A. (Parent Company), Industries S.p.A., Sportswear Company S.p.A., sub-holding companies directly controlled by Moncler S.p.A., and 45 consolidated subsidiaries in which the Parent Company holds indirectly a majority of the voting rights, or over which it exercises control or from which it is able to derive benefi ts by virtue of its pow- er to govern both on a fi nancial and an operating aspect.

Consolidation area Moncler S.p.A. Parent company which holds the Moncler and Stone Island brands Industries S.p.A. Sub-holding company, directly involved in the management of foreign companies and distribution channels (retail, wholesale) in Italy and licensee of the Moncler brand Industries Yield S.r.l. Company that manufactures apparel products Moncler Asia Pacific Ltd Company that manages DOS in Hong Kong SAR and in Macau SAR Moncler Australia PTY Ltd Company that manages DOS in Australia Moncler Belgium S.p.r.l. Company that manages DOS in Belgium Moncler Brasil Comércio de moda e acessòrios Ltda. Company that manages DOS in Brazil Moncler Canada Ltd Company that manages DOS in Canada Moncler Denmark ApS Company that manages DOS in Denmark Moncler Deutschland GmbH Company that manages DOS and promotes goods in Germany and Austria Moncler España SL Company that manages DOS in Spain Moncler France S.à.r.l. Company that manages DOS and distributes and promotes goods in France Moncler Holland B.V. Company that manages DOS in the Netherlands Moncler Hungary KFT Company that manages DOS in Hungary Moncler Ireland Limited Company that manages DOS in Ireland Moncler Istanbul Giyim ve Tekstil Ticaret Ltd. Sti. Company that manages DOS in Turkey Moncler Japan Corporation Company that manages DOS and distributes and promotes goods in Japan Moncler Kazakhstan LLP Company that manages DOS in Kazakhstan Moncler Korea Inc Company that manages DOS and distributes and promotes goods in South Korea Moncler Mexico, S. de R.L. de C.V. Company that manages DOS in Mexico Moncler Mexico Services, S. de R.L. de C.V. Company that provides services to Moncler Mexico, S. de R.L. de C.V. Moncler Middle East FZ-LLC Holding Company for the Middle East Moncler New Zealand Limited Company that will manage DOS in New Zealand Moncler Norway AS Company that manages DOS in Norway Moncler Prague s.r.o. Company that manages DOS in the Czech Republic Moncler Rus LLC Company that manages DOS in Russia Moncler Shanghai Commercial Co. Ltd Company that manages DOS in China Moncler Singapore Pte. Limited Company that manages DOS in Singapore Moncler Suisse SA Company that manages DOS in Switzerland Moncler Sweden AB Company that manages DOS in Sweden Moncler Taiwan Limited Company that manages DOS in Taiwan Moncler UAE LLC Company that manages DOS in the United Arab Emirates Moncler UK Ltd Company that manages DOS in the United Kingdom Moncler Ukraine LLC Company that manages DOS in Ukraine Moncler USA Inc Company that manages DOS and promotes and distributes goods in North America White Tech Sp.zo.o. Company that manages quality control of down Sportswear Company S.p.A. Sub-holding company that owned the Stone Island brand until 30 December 2021 (subsequently conferred to Moncler S.p.A.), and directly involved in the management of foreign companies and the wholesale distribution channel Stone Island Amsterdam B.V. Company that manages DOS in the Netherlands Stone Island Antwerp B.V.B.A. Company that manages DOS in Belgium Stone Island Canada Inc Company that manages DOS in Canada Stone Island China Co., Ltd Company that manages DOS in China Stone Island France S.a.s.u. Company that manages DOS in France Stone Island Germany GmbH Company that acts as Agent for Germany and Austria and manages DOS in Germany Stone Island Logistics S.r.l. Company that carries out logistics activities Stone Island Retail S.r.l Company that manages DOS in Italy Stone Island USA Inc Company that manages DOS and promotes and distributes goods in USA Officina della Maglia Srl Company that carries out the manufacturing of knitwear products

MONCLER GROUP

Born on 1 April 2021, Moncler Group, with its two brands Moncler and Stone Island , represents the expres- sion of a new concept of luxury, which embraces the search for experientiality, inclusivity, a sense of belonging to a community and the mixing of diverse meanings and worlds including those of art, culture, music and sport. United by the beyond fashion, beyond luxury philosophy, these two Italian brands strengthen their ability to interpret the evolving cultural codes of the new generations. Alongside maintaining their brands identities highly independent and based on authenticity, on the constant search for uniqueness and on the extraordinary bond with the consumers communities, the Group intends to bring together its entrepreneurial and managerial cultures as well as business knowledge and technical know- how of its brands to strengthen their competitiveness and enhance their important growth potential, also shar- ing the culture of sustainability.

MONCLER BRAND The Moncler brand was born in 1952 in Monestier-de-Clermont, a small village in the mountains near Grenoble, with a focus on sports clothing for the mountain.

In 2003, Remo Ruffini purchased Moncler and started a process of repositioning through which the Brand took on an even more distinctive and exclusive style, evolving from a line of prod- ucts used purely for sport purposes to versatile lines that clients of all gender, age, identity and culture can wear on any occasion and where outerwear, while being the Brand s identifying cate- gory, is gradually and naturally integrated with complementary products. Under his leadership, Moncler pursues a philosophy aimed at creating products that are unique, of the highest quality, versatile and constantly evolving while always remaining true to the Brand s DNA guided by the motto born in the mountains, liv- ing in the city .

Tradition, uniqueness, quality, consistency and energy have always been the distinctive features of the Moncler brand that over the years has been able to evolve while remaining consistent with its DNA, heritage and identity, in a continuous search for an open dialogue with its many consumers in the world. It is from this constant research that in 2018 a new project was born, Moncler Genius - One House, Different Voices: a hub for creative minds able to reinterpret the Moncler brand, always consistent with its history and its DNA, adopting a new way of doing business.

STONE ISLAND BRAND A culture of research, experimentation and usability are the ma- trixes that have always defined Stone Island; informal clothing brand founded in 1982 by Massimo Osti and Carlo Rivetti, with headquarter in Ravarino a small town in the province of Modena and intended to become a symbol of extreme research on fibers and fabrics, applied to an innovative design.

It is truly through the study of form and the handling of materials that Stone Island finds its own language, which has ex- treme research and maximum functionality as founding pillars. Each Stone Island piece is born from a perfect synthesis between experimentation and usability, between the study of fabrics and rationality.

An on-going and in-depth investigation on the transforma- tion and ennobling of fibres and fabrics, and on the unique ability to intervene on the finished garment through continuous dyeing experiments have led, over years, to the discovery of materials and production techniques never previously used and to develop more than 60,000 different dye recipes.

BOARD OF DIRECTORS REPORT24 25 MONCLER GROUP

2021BOARD OF DIRECTORS REPORT