CREATING VALUE FOR STAKEHOLDERS The economic value generated and distributed represents a com- pany s ability to create wealth and distribute it among its stake- holders. In 2021 the economic value generated by the Moncler Group amounted to 2,060 million euros, with an increase of ap- proximately 42% compared to 2020. Those results include Stone Island brand revenues, consolidated from 1 April 2021. The eco- nomic value distributed by the Group thus went from 1,066.5 mil- lion euros in 2020 to 1,585.3 million euros in 2021, registering an increase of 49%. About 77% of the value created by the Moncler Group was distributed to internal and external stakeholders while the remaining 23% was retained within the Group.
ECONOMIC VALUE DISTRIBUTED
ECONOMIC VALUE GENERATED AND DISTRIBUTED
THOUSAND EUROS Moncler Group Moncler Brand 2021 2020
Economic value generated by the Group 2,060,123 1,449,314 Revenues 2,046,103 1,440,409 Other income 13,421 9,216 Financial income 2,960 759 Value adjustments of financial assets - - Impairment of receivables -1,510 -1,436 Exchange rate gains (losses) -1,332 -1,038 Gains (losses) from disposal of tangible and intangible assets 380 1,404 Value adjustments of tangible and intangible assets 101 - Economic value distributed by the Group 1,585,313 1,066,512 Economic value distributed to suppliers4 955,463 651,782 Economic value distributed to employees 272,391 209,963 Economic value distributed to lenders 23,336 23,022 Economic value distributed to shareholders5 161,746 121,275 Economic value distributed to public adiministration6 169,616 49,647 Economic value distributed to the community 2,761 10,823 Economic value retained by the Group 474,810 382,801 Depreciation and amortisation 246,519 200,976 Provisions -3,516 2,734 Reserves 231,807 179,091
FINANCIAL INSTRUMENTS LINKED TO SUSTAINABILITY PERFORMANCE
Also in the realm of financial products, Moncler is testing and adopting new mecha- nisms tied to sustainability performance. In July 2020 Moncler signed an agreement for a sustainability-linked revolving credit facility with a reward mechanism tied to the achievement of specific environmental impact reduction targets. In addition, in No- vember 2020 Moncler signed an exchange risk hedging agreement with a reward in terms of improvement of the hedging strike on currencies based on the recognition of high standards of sustainability by an external, independent rating body.
4 Refers to suppliers of goods and services. 5 In 2021 the amount was estimated on the basis of the suggested
dividend. The amount for 2020 was adjusted on the basis of the dividend actually paid.
6 The economic value distributed to public administration also includes deferred taxes.
32 33 MONCLER GROUP
2021 MONCLER GROUPMONCLER GROUP