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Moncler Group | Annual Report 2024 Consolidated Financial Statements 372 Moncler Group | Annual Report 2024 Consolidated Financial Statements 373

For the 2024 valuation of the Moncler and Stone Island brand

and goodwill, the expected cash f lows and revenues are based

on 2025 Budget approved by the Board of Directors

on 12 December 2024, for the year 2026 on the 2024–2026

Business Plan approved by the Board of Directors

on 14 December 2023 and for the years from 2027

–

2029

on the basis of management estimates consistent with the

expected development plans.

The “g" rate used was 2.5%.

The discount rate was calculated using the Weighted

Average Cost of Capital (WACC), by weighting the expected

rate of return on invested capital, net of hedging costs from

a sample of companies within the same industry. The calculation

t

ook into account the implications of the updated

macroeconomic context on interest rates. The weighted

average cost of capital (WACC) was calculated at 8.5% for the

Moncler brand and at 9.0% for Stone Island.

The results of the sensitivity analysis indicated that

the carrying amounts of the Moncler brand and goodwill are

conf irmed in all scenarios of reasonable changes of the

benchmarks. The Stone Island brand and goodwill up to a WACC

of 9.6% and 9.8% respectively, all other parameters being equal.

It is also underlined that the market capitalisation

of the Company, based on the average price of Moncler share

in 2024, showed a signif icant positive dif ference with respect

to the Group net equity, implicitly conf irming again the value of

the intangibles registered.

5.3 Net property, plant and equipment

PROPERTY, PLANT AND EQUIPMENTS 31 December 2024 31 December 2023

EUR/000 Gross value Accumulated

depreciation and

impairment

Net value Net value

Land and buildings 1,698,338(809,873)888,465 765,149

Plant and Equipment 71,153(45,599)25,554 24,627

Fixtures and f ittings 213,056(150,146)62,910 60,024

Leasehold improvements 507357325040182317 163133

Other f ixed assets 551314370211429 11641

Assets in progress 80204 0 80204 57906

TOTAL 262523913743601250879 1082480

The change in property, plant and equipment is included

in the following tables:

As at 31 December 2024

As at 31 December 2023

GROSS VALUE PROPERTY, PLANT AND EQUIPMENT

EUR/000 Land and

buildings

Plant and

Equipment

Fixtures and

f ittings

Leasehold

improvements

Other f ixed

assets

Assets in

progress and

advances

TOTAL

1 January 2024 1,413,415 63,313 192,141 441,456 49,679 57,906 2,217,910

Acquisitions 309,508 5,311 16,974 58,816 5,090 54,199 449,898

Disposals(40,648)(341)(4,229)(10,006)(1,340)(7,321)(63,885)

Translation

adjustement

25,115(34)2,378 4,856 270 577 33,162

Other movements,

including transfers

(9,052)2,904 5,792 12,235 1,432(25,157)(11,846)

31 DECEMBER 2024 1,698,338 71,153 213,056 507,357 55,131 80,204 2,625,239

ACCUMULATED DEPRECIATION AND IMPAIRMENT PPE

(EUR/000)Land and

buildings

Plant and

Equipment

Fixtures and

f ittings

Leasehold

improvements

Other f ixed

assets

Assets in

progress and

advances

TOTAL

1 January 2024(648,266)(38,686)(132,117)(278,323)(38,038)0(1,135,430)

Depreciation(189,437)(7,863)(20,111)(51,041)(6,854)0(275,306)

Disposals 29,516 238 4,044 9,648 1,273 0 44,719

Translation

adjustement

(16,073)3(2,234)(3,945)(225)0(22,474)

Other movements,

including transfers

14,387 709 272(1,379)142 0 14,131

31 DECEMBER 2024(809,873)(45,599)(150,146)(325,040)(43,702)0(1,374,360)

GROSS VALUE PROPERTY, PLANT AND EQUIPMENT

EUR/000 Land and

buildings

Plant and

Equipment

Fixtures and

f ittings

Leasehold

improvements

Other f ixed

assets

Assets in

progress and

advances

TOTAL

1 January 2023 1,296,502 53,936 166,449 386,389 43,717 53,279 2,000,272

Acquisitions 171,572 5,767 29,924 61,723 7,178 31,597 307,761

Disposals28170365462211393107112045741

Changes in

consolidation area

2120315527 0 0 0

Translation

adjustement

271691725951321651074944222

Other movements

including transfers

892 3958 3300 17426 36526101160

31 DECEMBER 2023 1413415 63313 192141 441456 49679 57906 2217910

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