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9M 2025 RESUL TS UPDATE ANALYST PRESENTATION OCTOBER 23, 2025
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2 DISCLAIMER This presentation contains forward-looking statements regarding future events and results of the Company that are based on the current expectations, projections and assumptions of the management of the Company. The actual results may differ materially from those expressed in any forward-looking statement and the Company does not assume any liability with respect thereto. This document has been prepared solely for this presentation and does not constitute any offer or invitation to sell or any solicitation to purchase any share in the Company. The Manager in Charge of preparing the Company financial reports hereby certifies pursuant to paragraph 2 of art. 154-bis of Legislative Decree no. 58 of February 24, 1998, that the accounting disclosures of this document are consistent with the accounting documents, ledgers and entries.
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9M 2025 BUSINESS UPDATE 3
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Since the second quarter this year, the Group has undertaken and completed a comprehensive diagnostic assessment of the business to ensure full alignment and coherence across design, product, communication and distribution channels. Over the past three months, we have continued to focus on our key business priorities, and we will progressively implement the necessary changes as we execute our new strategic actions. With respect to the product offering, we are further strengthening our collections with a strong focus on our core categories of footwear and leather goods , in particular balancing heritage and innovation, while at the same time improving collection efficiency. In handbags, the Hug line continues to consolidate as a new pillar of the brand, while the women’s shoes offer has been further enhanced through the successful launch of the new Vara line. Regarding communication, we are enhancing our storytelling by introducing new technologies that support our targeting and efficiency and by reinforcing our brand codes and narrative in the pre-Fall and Fall-Winter advertising campaigns, paying tribute both to Ferragamo’s heritage and modern creativity through a digital-first approach that has been implemented across all consumer touchpoints. The campaigns celebrated a renewed focus on craftmanship and symbols of timeless elegance . 4
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All these initial actions contributed to the positive performance of the DTC channel in the quarter, supported by higher average ticket, improved cross -selling, innovative technological processes in client segmentation and an effective clienteling strategy . Positive results were driven by the North American, European and Latin American markets, which more than offset the challenging luxury goods context in Asia, which nevertheless improved sequentially versus the second quarter of this year. While conscious that the geopolitical and macroeconomic environment remains uncertain, we will continue to deploy our strategic actions , reinforcing market positioning and strengthening the link between our DNA and creative capabilities, to ensure full alignment across design, product offer, communication and distribution, consistent with our clientele’s expectations . We remain confident that these efforts will become more visible in the coming quarters , supported by the gradual roll-out of new product collections. We will continue executing with operational flexibility and financial discipline , revisiting cost structures and processes where appropriate, without compromising on brand desirability and future growth. 5
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6 Q3 | Reviving our Product Offer FOCUS ON OUR CORE CATEGORIES BALANCING LEGACY AND CREATIVE INNOVATION WHILE IMPROVING COLLECTIONS EFFICIENCY
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7 Q3 | Consistent Narrative across all Communication Channels GLOBAL COMMUNICATION STRATEGY WITH PRODUCT AS PROTAGONIST IN ALL CHANNELS Q3 MAIN ADV CAMPAIGNS AND EVENTS FW25PF25 SS26 FASHION SHOW VARA @PARAGON
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Q3 | SS26 Fashion Show Overview 8 FERRAGAMO A STORY THAT TRANSCENDS TIME LOCATION AS A BRAND STATEMENT PORTRAIT MILANO Integrating brand aesthetic , lifestyle and heritage LEVERAGE ON THE EXPERIENCE Enhancing brand uniqueness and authenticity Celebrating strong connection with core products and craftmanship RENOVATED SETUP Amplifying brand expereince by embracing location’s unique essence Simple show set- up to leverage venue architecture
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SETTING THE TONE OF VOICE DEFINING BRAND CODES AND AESTHETIC CREATING VISIBILITY & DESIRE HIGHLIGHTING KEY PRODUCT CATEGORIES Q3 | SS26 FASHION SHOW 9
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Q3 | SS26 Fashion Show Feedback VOGUE RUNWAY Shoes, so foundationally significant here, included a “cage” -design leather pump that paid homage to a 1920s Ferragamo original first sold with three color combinations of inner sock-slippers. Satin mules with embroidered beadwork acted as beyond-the-boudoir flapper slippers to match with Davis’s lace slip dresses. W Ferragamo’s accessories are always a highlight, and spring 2026 didn’t disappoint. My money’s on the ribbon heels, tied to a bow above the ankle and a lovely continuation to the designer’s ballet-inspired footwear, and a chartreuse feather clutch as most likely to get immediate inquiries. And dig those skinny scarves out of your closet—Davis is endorsing their comeback for spring. HARPER’S BAZAAR USA Favorite shoe style is caged lower heel mule. Feather detailing on Soft Bags is beautiful, loved seeing them on runway. 10
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Q3 | FW25 - 360° ACTIVATION APPROACH COHESIVE IMAGE ACROSS TOUCHPOINTS BOOSTING PRODUCT DESIRABILITY & ENGAGEMENT PRODUCTS CONTENT& ITS AMPLIFICATION STORE ACTIVATION NEWSLETTERS & 1:1 ENGAGEMENT CAMPAIGN ROLL-OUT CONCEPT & STORYTELLING INFLUENCER ACTIVATIONVM 11
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Q3 | FW25 – ADV THE CINEMATIC STORYTELLING CONTINUES WITH FOOTWEAR TAKING THE LEAD ROLE Building on the brand’s storied heritage as an icon of Italian culture, style and craftmanship, and a legacy rooted in the Golden Age of cinema 12
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Q3 | AD CAMPAIGNS SUCCESS SOCIAL MEDIA & INFLUENCER CRM & CLIENTELING STRONG ROI AND SOCIAL MEDIA GROWTH, FASHION SHOW DRIVES RECORD MEDIA VALUE MEDIA and PAID ADVERTISING Q3 showed significant results with a spike in social views in September driven by the Spring Summer 2026 Fashion Show (higher views, higher engagement rate, higher earned media value). Continues to be a strategic pillar, 1:1 clienteling driving over a third of primary retail revenues, in store activations driving a high ROI. Newsletters continues to be a key revenue driver (in Q3 and YTD). Strong reach and effectiveness both Q3 and YTD, driven by exceptional engagement rate vs last year’s performance. E-BUSINNESS | PERFORMANCE Outstanding YTD results driven by channels optimization (cost and budget allocation), higher qualitative traffic and AI driven audience strategy. Strong growth from Social and Remarketing. 13
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Q3 | VARA EXHIBITION @ SIAM PARAGON MALL 25TH ANNIVERSARY DRIVE AWARENESS AND CUL TURAL RELEVANCE WITH STRONG COMMERCIAL COMPONENT The Exhibition Tracing the History of Iconic Ferragamo Footwear New Vara Offer Consistent with the market and the F/W25 ADV campaign 14
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Q3 | OUTDOOR ADV IMAGERY ADAPTABLE AND FLUID MEDIA STRATEGY BUILD AROUND PRODUCT LONDON Piccadilly LOS ANGELES Sunset Strip ROMA Piazza Navona 15
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Q3 | Elevate In-store Experience CHENGDU (CHINA) Chengdu IFS 16 NEW STORE CONCEPT HONOLULU (USA) Royal Hawaiian Center
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Q3 | Elevate In-store Experience SEOUL (SOUTH KOREA) Seoul Flagship 17 NEW STORE CONCEPT ATLANTA (USA) Lenox Square
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Q3 | Elevate In-store Experience SEOUL (SOUTH KOREA) Hyundai Yeoido Dept. Store 18 NEW STORE CONCEPT SHANGHAI (CHINA) Shanghai Plaza 66 Mall
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CREATIVITY INSPIRED BY FEBRUARY RUNAWAY FOR A CONSISTENT , COHERE NT MESSAGE 19 Q3 | FW25 WINDOWS
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STORE VISUAL DISPLAY ENERGIZED TO IMPROVE IMAGE AND CROSS & UP SELLING 20 Q3 | Retail Evolution
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9M 2025 RESUL TS 21
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In 9M 2025, Total Revenues down 4% at const. FX and down 7% at current FX vs. 9M 2024, with Q3 up 2% at const. FX, driven by the positive performance of the DTC* channel. DTC*, at const. FX, down 2% in 9M 2025, with Q3 up 4% at const. FX, driven by the double- digit performances in North and Latin America and the positive results in Europe. The on-line business, in particular, continued to report a strong double-digit growth in net sales also in Q3. WHL, at const. FX, down 12% in 9M 2025, with Q3 down 7% at const. FX, with a positive performance in North America offset by the negative performances in the other regions. * DTC (Direct To Consumer) channel consists of directly operated mono-brand stores (DOS), as well as e-commerce platforms of direct to customers online sales. 552 (74%) 172 (23%) 20 (2%) 2024 526 (76%) 145 (21%) 23 (2%) 2025 DTC * WHLS OTHER 744 695 -15.4% -12.2% -4.7% -2.0% TOTAL NET SALES 9M 2025 REVENUE BY DISTRIBUTION CHANNEL -4.4% Curr FX Const FX -7.2% YOY var, % TOTAL REVENUES WHLS DTC * 1. Other income includes: Hedging, licenses & other revenues, rental income investment properties 2. YoY var at Constant FX calculated only on licenses & other revenues and rental income investment properties components -6.0%2+14.6% -4.5%-6.6% TOTAL REVENUES, €M 1 22
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EMEA down 5% in 9M 2025, with the positive result of the DTC* channel offset by the negative WHL performance. In Q3 EMEA up 3% vs. Q3 2024, driven by DTC* registering an increase in traffic and conversion rate. North America up 4% in 9M 2025, with both DTC* and WHL posting positive performances vs. 9M 2024. In Q3 North America up 16% vs. Q3 2024, with DTC* double-digit performance driven by the primary channel (registering a double-digit increase in the average ticket) and also the WHL posting a double-digit growth. Latin America up 9% in 9M 2025 and up 5% in Q3, with the double-digit performance of the DTC*, penalized by the negative WHL performance. Asia Pacific down 15% in 9M 2025, challenged by the weak consumer environment, significantly impacting traffic. In Q3 Asia Pacific down 11% vs. Q3 2024, with the sequential improvement driven by the DTC* channel (down low-single digit). Japan down 5% in 9M 2025 and in Q3, still affected by low Chinese tourists’ purchases. Note: all data at const. FX. * DTC (Direct To Consumer) channel consists of directly operated mono-brand stores (DOS), as well as e-commerce platforms of direct to customers online sales. Primary DTC consists of directly operated mono-brand primary stores and e-commerce platforms of direct to customers online sales, while secondary DTC consists of directly operated mono-brand outlet stores. 208 (29%) 216 (30%) 185 (26%) 61 (8%) 55 (8%) 2024 207 (31%) 178 (26%) 177 (26%) 57 (9%) 53 (8%) 2025 North America APAC EMEA Japan LATAM 724 672 -5.8% -5.1% -2.6% +9.3% -4.4% -5.0%-4.1% TOTAL NET SALES, €M 9M 2025 NET SALES BY REGION -14.7%-17.9% +3.6%-0.4% Curr FX Const FX -7.2% YOY var, % 23
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24 336 (46%) 293 (40%) 52 (7%) 43 (6%) 2024 293 (44%) 287 (43%) 51 (7%) 41 (6%) 2025 Shoes Leather Goods & Handbags Silk & Other accessories RTW 724 672 -4.9% -2.5% -4.4% -0.1%-2.0% TOTAL NET SALES, €M 9M 2025 NET SALES BY PRODUCT +0.6%-2.1% -9.8%-12.7% Curr FX Const FX -7.2% YOY var, % Shoes down 10% in 9M 2025 and down 1% in Q3, thanks to Ornament and Sling Pump for women, and the first encouraging signals of the new Vara line, and the good performance of both the casual and of the formal segment, driven by the US market, for men. Leather Goods and Handbags up 1% in 9M 2025 and up 2% in Q3, thanks to the good performance in DTC, but penalized by negative WHL. Handbags performance was driven by the Hug line, as well as the Soft bag, while SLG positive trend was driven by the mini-bags for women and the Micro Gancio and Monogram lines for men. Silk & Other Accessories in line with LY in 9M 2025 and up 15% in Q3, thanks to a renewed focus on accessorized looks in stores and on cross-selling, also strengthened through dedicated visual displays. RTW down 3% in 9M 2025 and up 12% in Q3, thanks to a more balanced assortment focusing on core and iconic product typologies, such as knitwear and leather. Note: all data at const. FX.
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25 DOS NETWORK @ 30.09.2025 54 (vs. 54) NORTH AMERICA 32 (vs. 34) CENTRAL & LATIN AMERICA 64 (vs. 64) EMEA 156 (vs. 159) ASIA PACIFIC 54 (vs. 56) JAPAN 360 (vs. 367 @ 31.12.2024) DIRECTLY OPERATED STORES
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26 26 9M 2025 Q&A 26
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ANNEX
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9M 2025 REVENUE BY DISTRIBUTION CHANNEL 28 * DTC (Direct To Consumer) channel consists of DOS and directly managed online boutique/e-commerce platforms. 28 (Euro MM) 2025 2024 Δ % Δ % Const FX Weight on Tot 2025 Weight on Tot 2024 DTC * 526.4 552.2 -4.7% -2.0% 75.8% 74.2% Wholesale 145.3 171.6 -15.4% -12.2% 20.9% 23.1% Net Sales 671.7 723.9 -7.2% -4.4% 96.7% 97.3% Hedging 8.5 4.7 82.0% na 1.2% 0.6% Licences & Other Revenues 12.0 12.8 -6.2% -6.2% 1.7% 1.7% Rental income 2.4 2.6 -5.1% -2.4% 0.4% 0.3% Total Net Revenues 694.6 743.9 -6.6% -4.5% 100.0% 100.0% September YTD 28