137 CONSOLIDATED FINANCIAL STATEMENTS136 CONSOLIDATED FINANCIAL STATEMENTS MONCLER GROUP 2022

(Euro/000) Type of relationship Note 31/12/2022 % 31/12/2021 % Yagi Tsusho Ltd Distribution a 122,310 (19.9)% 97,416 (20.3)% agreement Yagi Tsusho Ltd Distribution a (136,628) 22.2% (108,056) 22.5% agreement GokseTekstil Kozmetik Sanayi Service b (117) 0.0% (109) 0.0% ic ve dis ticaret limited sirketi agreement La Rotonda S.r.l. Trade c 1,394 0.1% 1,391 0.1% transactions La Rotonda S.r.l. Trade d (157) 0.0% (155) 0.0% transactions Rivetex S.r.l. Trade d (480) 0.0% (356) 0.0% transactions Fabrizio Ruffini Service b (554) 0.2% (552) 0.2% agreement Directors, board of statutory auditors Labour b (22,755) 8.0% (17,265) 7.3% and executives with strategic responsibilities services Executives with Labour d (2,060) 0.3% (1,893) 0.3% strategic responsibilities services Total (39,047) (29,579)

a effect in % based on cost of sales. b effect in % based on general and administrative expenses. c effect in % based on revenues. d effect in % based on selling expenses.

(Euro/000) Type of relationship Note 31/12/2022 % 31/12/2021 % Yagi Tsusho Ltd Trade a (22,532) 4.7% (13,609) 3.9% payables Yagi Tsusho Ltd Trade b 20,103 6.8% 12,078 5.2% receivables La Rotonda S.r.l. Trade b 33 0.0% 7 0.0% receivables La Rotonda S.r.l. Trade a (38) 0.0% (37) 0.0% payables Fabrizio Ruffini Trade a 139 0.0% 126 0.0% payables Directors, board of statutory auditors and Other current c (5,105) 4.0% (5,161) 4.1% executives with strategic responsibilities liabilities Total (7,400) (6,596)

a effect in % based on trade payables. b effect in % based on trade receivables. c effect in % based on other current liabilities.

The following tables summarise the weight of related-party trans- actions on the Consolidated Financial Statements as at and for the years ended 31 December 2022 and 2021:

(Euro/000) 31/12/2022 Revenue Cost of sales Selling General and administrative expenses expenses Total related parties 1,394 (14,318) (2,697) (23,426) Total consolidated 2,602,890 (615,047) (757,393) (283,967) financial statements Weight % 0.1% 2.3% 0.4% 8.2%

(Euro/000) 31/12/2022 Trade recivables Trade payables Other current liabilities Total related parties 20,136 (22,431) (5,105) Total consolidated 296,550 (482,425) (128,363) financial statements Weight % 6.8% 4.6% 4.0%

(Euro/000) 31/12/2021 Revenue Cost of sales Selling General expenses expenses and administrative Total related parties 1,391 (10,640) (2,404) (17,926) Total consolidated 2,046,103 (479,197) (608,495) (237,109) financial statements Weight % 0.1% 2.2% 0.4% 7.6%

(Euro/000) 31/12/2021 Trade recivables Trade payables Other current liabilities Total related parties 12,085 (13,520) (5,161) Total consolidated 234,274 (348,953) (125,279) financial statements Weight % 5.2% 3.9% 4.1%

10.2 STOCK-BASED COMPENSATION PLANS

The Consolidated Financial Statements at 31 December 2022 re- flects the values of the Performance Share Plans approved in 2018, in 2020 and 2022.

The costs related to stock-based compensation plans in 2021 are equal to EUR 37.0 million compared to EUR 28.6 million in 2021.

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 collabo- rators, and/or external consultants of Moncler S.p.A. and of its sub- sidiaries, which have strategically relevant roles or are otherwise capable of making a significant contribution, with a view of pursu- ing 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, adjusted 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 attribution; the first attribution cycle, approved during 2018, ended with the as- signment of 1,365,531 Moncler Rights. The second attribution cy- cle, approved during 2019, ended with the assignment of 341,514 Moncler Rights.

As regards the first allocation cycle, the plan ended in 2021 and for further information please refer to 2021 Annual Report.

As regards the second allocation cycle: The 3-year vesting period ended with the approval of the

Draft Financial Statements as at December 31, 2021. The performance targets were met at 97.3%, therefore, No.

248,264 shares were assigned to the beneficiaries through the allocation of treasury shares.

As at 31 December 2022 there are no rights in circulation; the ef- fect of the closed plans on the income statement in 2022 amounts to EUR 0.1 million.

On 11 June 2020, the Ordinary Shareholders Meeting ap- proved, pursuant to art. 114-bis of the Consolidated Law on Fi- nance, 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 condi- tions 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 alloca- tion 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 as- signment of 463,425 Moncler Rights.

As at 31 December 2022 there are still in circulation 1,093,686 rights related to the first cycle of attribution (the effect on the income statement of 2022 amounts to EUR 15.4 million) and 414,583 rights related to the second cycle of attribution (the effect on the income statement of 2022 amount to EUR 9.5 million).

On 21 April 2022, the Ordinary Shareholders Meeting has approved, pursuant to art. 114-bis of the Consolidated Law on Fi- nance, the adoption of a Stock Grant Plan denominated 2022 Performance Shares Plan addressed to Executive Directors, Key Managers, employees and collaborators, therein including Mon- cler s external consultants and of its subsidiaries.