233232 MONCLER GROUP 2022

AMERICAS North and South America.

APAC China, South-East Asia, Australia and New Zealand.

ASIA APAC, Japan and Korea.

AUDIT Systematic and documented assessment (by an independent body) to verify compliance with the requirements of a given law/ standard of reference.

CAGR Compounded Annual Growth Rate.

COMPARABLE STORE SALES GROWTH (CSSG) Growth at comparable exchange rates of revenues generated by directly managed stores DOS (excluding outlets) which have been opened for at least 52 weeks and by the online store (.com); stores that have been extended and/or relocated are excluded from the calculation.

CONCESSION Directly operated mono-brand retail store located on the premises of a department store/shopping mall.

DEPARTMENT STORE Large retail establishment with an extensive assortment in variety and range of goods, organised into separate departments.

DIRECT-TO-CONSUMER (DTC) Distribution channel that includes both revenues generated by the physical stores directly managed (DOS), and by the direct online channel.

DOS Directly Operated Store, including free-standing stores, conces- sions, travel retail stores and factory outlets.

DOORS Wholesale stores, both multi-brand and mono-brand, where the brands are present.

EBIT Earnings Before Interest and taxes (Operating results).

EBITDA Earnings before Interest, Taxes, Depreciation and Amortisation.

E-CONCESSION Online sales generated through third-party digital platforms and managed directly by the brand.

EMEA Europe, United Kingdom, Middle East and Africa.

E-TAILER Shop on digital platforms managed by third parties.

FAÇON MANUFACTURER Third party supplier carrying out cut-make-trim phase (façon) of the production cycle according to the so-called industrialised method.

FLAGSHIP STORE A mono-brand retail store which by its size and/or location conveys the philosophy and image of the brand.

FREE STANDING STORE A retail store that is located directly on a street, i.e. not in a depart- ment store or shopping mall.

GLOSSARY FULL TIME EQUIVALENT (FTE) Average annual number of employees equivalent to full-time work- ers.

IFRS 16 Accounting principle that requires companies to recognise in their accounts the right-to-use of leased assets and the related liabili- ty corresponding to the obligation to make lease payments. Assets and liabilities arising from leases are measured on a present value basis.

KEY MONEY An amount of money paid by the assignee to the assignor of lease agreements in retail properties, representing the goodwill connect- ed to the prestige of a specific location.

NEW LUXURY A concept that embraces the search for experientiality, inclusivity, a sense of belonging to a community and the mixing of diverse mean- ings and worlds including those of art, culture, music and sport.

OUTLET A shop that sells products and collections from previous years and seasons at discount price.

RETAIL Distribution channel directly managed by the Group.

SHOP-IN-SHOP A dedicated mono-brand selling space located in and managed by a department store.

SRI (SOCIALLY RESPONSIBLE INVESTOR) Financial operator who integrates standard financials with environ- mental, social, and governance considerations.

STAKEHOLDER Every entity that has a legitimate interest in the activity of an organ- isation and influences or is influenced by the organisation s deci- sions.

SUPPLY CHAIN Distribution processes that begin with the supply of raw materi- als or components and end with the customer, encompassing all phases of production, wholesale and retail.

TRAVEL RETAIL STORE Point of sale located in places where there is a high flow of travelers, such as airports and train stations.

WHOLESALE Distribution channel owned by a third party that manages the prod- ucts it buys and resells them on its own.

WHOLESALE MONO-BRAND STORE Shop-in-shops (SIS) and all mono-brand stores that are not direct- ly managed by the Group.