MONCLER ANNUAL REPORT AT 31 DECEMBER 2020BOARD OF DIRECTORS REPORT 3938

28%

26%

38%

72%

13%

23%

Men

<30

31-40

Women

>50

41-50

BREAKDOWN BY GENDER8

BREAKDOWN BY AGE9

At 31 December 2020, 72% of employees were women. This percentage is in line with figures at 31 December 2019.

At 31 December 2020, employees in the age group between 31 and 40 years old represented the 38% of the total, slightly increasing compared to 2019 (37%). The employees over 50 increased by 14% compared to 2019, representing 13% of total and reflecting the consolidated and long-lasting relationship with the Company. The average age is 37.8 years old, in line with last year.

2020 2019

Italy 1,027 962

EMEA (escl, Italy) 1,655 1,631

Asia 1,102 1,076

Americas 307 306

Total 4,091 3,975

of which Direct Retail 1,825 1,844

7. 2020 average Full Time Equivalent. 8. Headcount at 31/12/2020. 9. Headcount at 31/12/2020.

working at its directly operated stores slightly decreasing compared to 2019 (4,569 headcounts). The decrease is linked to the effects of the Covid-19 pandemic, which led to a reduction in the recruitment of employees in the corporate headquarters. During the year, the state of emergency forced the closure of several stores causing less traffic, especially from tourists, in Moncler s stores penalising the recruitment of people with fixed-term contracts in the distribution network and encouraging the reallocation of existing employees in other stores as needed.

All countries in which the Company operates experienced a reduction in the workforce, except Canada, which shows the highest growth trend (+83% compared to 2019) followed by Germany and Romania with a +6% and +2% respectively. This growth, in particular in Canada and Germany, derives from the conversion of several stores from wholesale to retail.

In terms of distribution by geographic area, substantially in line with 2019, EMEA (including Italy) accounted for 65% of the total FTE, followed by Asia with 27% and the Americas with 8%.

25%

Italy

8%

Americas

BREAKDOWN BY GEOGRAPHIC AREA7

27%

Asia

40%

EMEA (excl. Italy)