MONCLER ANNUAL REPORT AT 31 DECEMBER 2020SEPARATE FINANCIAL STATEMENTS 175174

8.

OTHER INFORMATION

8.1. RELATED-PARTY TRANSACTIONS Set out below are the transactions with related parties deemed relevant for the purposes of the Related-party procedure adopted by the Group. The Related-party procedure is available on the Company s website (www.monclergroup.com, under Governance/Corporate documents ). Transactions with subsidiaries are of a commercial nature and are conducted at market conditions similar to those conducted with third parties and are detailed as follows:

Moncler S.p.A. granted to the subsidiary Industries S.p.A. a license to use the Moncler brand. Based on the license agreement, the Company is remunerated through payments of royalties. The total amount of royalties and consulting fees for fiscal year 2020 amounted to 238.0 million euros (272.4 million euros in 2019). In addition, the Company has entered into a legal, fiscal and administrative consulting agreement with Industries S.p.A. Please note that Moncler S.p.A. is part of the Group s fiscal and VAT consolidation and is responsible with Industries S.p.A. for taxes payable and the related interests. Compensation paid of the members of the Board of Directors in 2020 are 2,253 thousand euros (3,977 thousand euros in 2019). Compensation paid of the members of the Board of Auditors in 2020 are 142 thousand euros (same amount in 2019). In 2020 the costs relating to Stock Option Plans and Performance Shares (described in note 8.2) referring to members of the Board of Directors amount to 2,611 thousand euros (3,672 thousand euros in 2019). There are no other related-party transaction.

Intercompany balances (Euro/000)

31 December 2020

Receivables Payables Net value

Industries S.p.A. 190,469 (9,370) 181,099

Other Group companies 59 (17) 42

Total 190,528 (9,387) 181,141

Intercompany transactions (Euro/000)

2020

Revenues Expenses/Other

revenues net Net value

Industries S.p.A. 237,971 (2,013) 235,958

Other Group companies 0 74 74

Total 237,971 (1,939) 236,032

The following tables summarise the afore-mentioned related-party transactions that took place during 2020 and the prior year:

(Euro/000) Type of relationship Note 31 December

2020 % 31 December

2019 %

Industries S.p.A. Trade transactions c 237,971 99.7% 272,386 99.7%

Industries S.p.A. Trade transactions b (2,266) 2.9% (2,175) 2.6%

Industries S.p.A. Interest income on correspondence current account

d 332 79.0% 156 96.3%

Industries S.p.A. Interest expense on financing agreement

a (79) 22.4% (413) 73.1%

Other Group companies Trade transactions b 74 (0.1)% 2 (0.0)%

Directors and board of statutory auditors Labour services b (2,395) 3.0% (4,120) 5.0%

Directors Labour services b (2,611) 3.3% (3,672) 4.4%

Total 231,026 262,164

a. % calculated based on total financial costs b. % calculated on operating costs c. % calculated on revenues d. % calculated based on total financial income

(Euro/000) Type of relationship Note 31 December

2020 % 31 December

2019 %

Industries S.p.A. Trade payables b (25) 0.2% (9) 0.0%

Industries S.p.A. Financial receivables f 54,439 100.0% 18,940 100.0%

Industries S.p.A. Debt from fiscal consolidation d 0 0.0% (12,077) 64.0%

Industries S.p.A. Credit from fiscal consolidation e 269 15.8% 0 0.0%

Industries S.p.A. Trade receivables c 135,761 99.8% 60,327 99.2%

Industries S.p.A. Credit from fiscal consolidation e 0 0.0% 20,305 90.4%

Industries S.p.A. Debit from fiscal consolidation d (9,345) 59.6% 0 0.0%

Other Group companies Trade receivables c 59 0.0% 3 0.0%

Other Group companies Trade payables b (17) 0.1% (2) 0.0%

Directors and board of statutory auditors Other current liabilities d (442) 2.8% (2,207) 11.7%

Totale 180,699 85,280

a. effect in % based on total financial debt b. effect in % based on trade payables c. effect in % based on trade receivables d. effect in % based on other current liabilities e. effect in % based on other current assets f. effect in % based on total financial receivables