139 COnSOLIdATed FInAnCIAL STATeMenTS138 COnSOLIdATed FInAnCIAL STATeMenTS MONCLER GROUP 2023

10.2 STOCK-BASED COMPENSATION PLANS

The Consolidated Financial Statements at 31 december 2023 re- flects the values of the Performance Shares Plans approved in 2020 and 2022.

The costs related to stock-based compensation plans in 2023 are equal to eUR 40.0 million compared to eUR 37.0 million in 2022.

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

draft Financial Statements as at december 31, 2022. The performance targets were met, together with the

over-performance condition. Therefore, no. 1,312,424 shares (including no. 218,738 shares deriving from over-per- formance) were assigned to the beneficiaries through a share capital increase (no. 944,833 shares) and the allocation of treasury shares (no. 367,541 shares).

As at 31 december 2023 there are still in circulation 391,368 rights related to the second cycle of attribution, which effect on the 2023 income statement amount to eUR 9.0 million. There are no rights in circulation related to the first cycle of attribution, which effect on the 2023 income statement amount to euro 4.0 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.

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 allocation of treasury shares.

The Plan provides for a maximum of 3 cycles of attribution. As regards the first attribution cycle, on 4 May 2022 the Board of di- rectors resolved the granting of 971,169 Moncler Rights. On 4 May 2023, executing the second attribution cycle, the Board of directors approved the assignment of a maximum of 436,349 Moncler Rights.

As at 31 december 2023 there are still in circulation 885,327 rights related to the first cycle of attribution, which effect on the 2023 income statement amount to eUR 19.0 million and 404,202 rights related to the second cycle of attribution, which effect on the 2023 income statement amount to eUR 5.9 million.

As stated by IFRS 2, these plans are defined as equity Settled. For information regarding the plan, please see the company s

website, www.monclergroup.com, in the Governance/Sharehold- ers Meeting section.

10.3 SUBSIDIARIES AND MINORITY INTERESTS

Following are the financial information of the subsidiaries that have significant minority interests.

SUMMARY OF SUBSIDIARY S FINANCIAL INFORMATION

31/12/2023 (Euro/000) Assets Liabilities Net equity Revenues Profit/ Profit/(Loss) attributable (Loss) to minority White Tech Sp.zo.o. 414 100 314 215 (97) (29)

SUMMARY OF SUBSIDIARY S FINANCIAL INFORMATION

31/12/2022 (Euro/000) Assets Liabilities Net equity Revenues Profit/ Profit/(Loss) attributable (Loss) to minority White Tech Sp.zo.o. 467 82 385 225 30 9

CASH FLOW 2023 (*)

(Euro/000) White Tech Sp.zo.o. Operating Cash Flow (105) Free Cash Flow (132) net Cash Flow (106)

CASH FLOW 2022 (*)

(Euro/000) White Tech Sp.zo.o. Operating Cash Flow 28 Free Cash Flow 29 net Cash Flow 23

(*) Amounts showed according to the Cash Flow Statements included in the directors Report

10.4 SIGNIFICANT NON-RECURRING EVENTS AND TRANSACTIONS

It should be noted that in the Group, during the 2023, there were no significant non-recurring events and transactions.

10.5 ATYPICAL AND/OR UNUSUAL TRANSACTIONS

It should be noted that during 2023 the Group did not enter into any atypical and/or unusual transactions.

10.6 FINANCIAL INSTRUMENTS

The following table shows the carrying amount and fair values of fi- nancial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at fair value. It does not include fair value information for financial assets and fi- nancial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.

31/12/2023 Current Non-current Fair value Level (Euro/000) Financial assets measured at fair value         Interest rate swap used for hedging - - -   Forward exchange contracts used for hedging 9,703 - 9,703 2 Sub-total 9,703 - 9,703   Financial assets not measured at fair value         Trade and other receivables (*) 325,608 43,454     Cash and cash equivalents (*) 1,067,404 -     Sub-total 1,393,012 43,454 -   Total 1,402,715 43,454 9,703