11 10 MONCLER GROUP 2022

1 bOaRD OF DIREcTORS REPORT 14 SEcTION ONE 17 chairman s letter 18 Group financial highlights 20 corporate bodies 21 Group chart at 31 December 2022 22 Group structure 23 Moncler Group 24 History 28 Values 30 Group strategy 31 business model 37 brand protection 38 Human capital 43 Sustainability 46 Moncler and the financial markets

56 SEcTION TWO 58 Introduction 58 Performance of the Moncler Group 60 Moncler Group income statement results 62 Performance of the parent company Moncler S.p.a. 63 Main risks 68 corporate governance 69 Related-party transactions 69 atypical and/or unusual transactions 69 Treasury shares 69 Significant events occurred during the financial year 2022 71 Significant events occurred after the reporting date 71 Sustainability ratings update 71 business outlook 72 Other information 74 Motion to approve the financial statements and the allocation of the result for the year ended 31 december 2022

2 cONSOLIDaTED FINaNcIaL STaTEMENTS 86 cONSOLIDaTED FINaNcIaL STaTEMENTS

94 EXPLaNaTORY NOTES TO THE cONSOLIDaTED FINaNcIaL STaTEMENTS 96 1 General information about the group 99 2 Summary of significant accounting principles used in the preparation of the consolidated financial statements 113 3 Scope for consolidation 114 4 comments on the consolidated income statement 118 5 comments on the consolidated statement of financial position 131 6 Segment information 131 7 commitments and guarantees given 131 8 contingent liabilities 131 9 Information about financial risks 135 10 Other information 141 11 Significant events after the reporting date

3 SEPaRaTE FINaNcIaL STaTEMENTS 152 SEPaRaTE FINaNcIaL STaTEMENTS

160 EXPLaNaTORY NOTES TO THE SEPaRaTE FINaNcIaL STaTEMENTS 162 1 General information 164 2 Significant accounting principles 175 3 comments on the income statement 176 4 comments on the statement of financial position 186 5 commitments and guarantees given 186 6 contingent liability 187 7 Information about financial risks 188 8 Other information 193 9 Significant events after the reporting date 194 10 Motion to approve the financial statements and the allocation of the result for the year ended 31 December 2022

204 aTTESTaTION OF THE cONSOLIDaTED FINaNcIaL STaTEMENTS PURSUaNT TO aRT. 154 bIS OF LEGISLaTIVE DEcREE NO. 58/98

205 INDEPENDENT aUDITOR S REPORT PURSUaNT TO aRTIcLE 14 OF LEGISLaTIVE DEcREE NO. 39 OF JaNUaRY 27, 2010 aND aRTIcLE 10 OF THE EU REGULaTION 537/2014

211 aTTESTaTION OF THE SEPaRaTE FINaNcIaL STaTEMENTS PURSUaNT TO aRT. 154 bIS OF LEGISLaTIVE DEcREE NO. 58/98

212 INDEPENDENT aUDITOR S REPORT PURSUaNT TO aRTIcLE 14 OF LEGISLaTIVE DEcREE NO. 39 OF JaNUaRY 27, 2010 aND aRTIcLE 10 OF THE EU REGULaTION 537/2014

218 REPORT OF THE bOaRD OF STaTUTORY aUDITORS TO THE SHaREHOLDERS MEETING

232 GLOSSaRY

234 cONTacTS