Lanvin Group Posts Record Sales and Continued Margin Improvement in 2022. Revenues Up 37% Year-over-Year.

Revenues of €422 million for FY2022,a 37% increase over FY2021

Margin profile improvement with Group gross profit margin increasing to 56% and both contribution profit(1) and adjusted EBITDA margins steadily improving

All portfolio brands delivered revenue growth; Group revenues increased in all channels and geographies

Flagship brand Lanvin had strong growth of 64% YoY and showed improvement in gross,contribution profit,and adjusted EBITDA margins

Implementation of balanced global growth strategy resulted in 39% growth in EMEA,36% growth in North America,and 15% growth in Greater China,despite COVID impact

Ongoing implementation of strategic plans in 2023 to drive further revenue growth and margin improvement to achieve breakeven in FY2024

NEW YORK,April 20,2023 -- Lanvin Group (NYSE: LANV,the "Group"),a global luxury fashion group with Lanvin,Wolford,Sergio Rossi,St. John and Caruso in its portfolio of brands,today announced its results for the full-year 2022. The Group achieved revenues of €422 million,a 37% increase year-over-year versus 2021; and gross profits of €238 million,representing a 56% gross margin and a 40% increase versus 2021.

Joann Cheng,Chairman and CEO of Lanvin Group,said: "We are pleased with the progress we made in 2022. Not only did we achieve record revenues,we also made great strides in improving our cost structure and streamlining our operations. Our progress in 2022 has laid a strong foundation for 2023,and notwithstanding current macroeconomic conditions,we remain optimistic for the current year,especially with the continued resurgence of Greater China."

Review of the Full-Year 2022 Results

Lanvin Group Revenue by Segment

€ in Thousands,unless otherwise noted

Revenue

Growth %

2021A

2021PF

2022A

2022A vs

2022A vs

Audited

Non-Audited

Audited

2021A

2021PF

Lanvin

72,872

72,872

119,847

64%

64%

Wolford

109,332

109,332

125,514

15%

15%

St. John

73,094

73,094

85,884

17%

17%

Sergio Rossi

28,737

59,206

61,929

116%

5%

Caruso

24,695

24,695

30,819

25%

25%

Total Brand

308,730

339,199

423,993

37%

25%

Eliminations

92

92

-1,681

-1927%

-1927%

Total Group

308,822

339,291

422,312

37%

24%

Lanvin Group Key Financials

€ in Thousands,unless otherwise noted

2020A

2021A

2022A

Audited

%

Audited

%

Audited

%

Revenue

222,612

100%

308,822

100%

422,312

100%

Gross profit

117,394

53%

169,902

55%

237,944

56%

Contribution profit

-34,237

-15%

4,400

1%

13,211

3%

Adjusted EBITDA

-88,116

-40%

-58,945

-19%

-71,958

-17%

Selected Highlights

Strong growth achieved at all brands and in all channels and regions: All five brands showed year-over-year growth. Lanvin,the Group's flagship brand,grew global revenue by 64%,with record 145% growth in its Wholesale business,and 27% growth in its DTC business. Additionally,revenues in each of the Group's regions and channels showed strong growth,with EMEA and North America growing 39% and 36%,respectively. Of note,Greater China,hampered by the pandemic,grew by 15%.

Continued positive progress with margin profile: Margins at all levels,Gross,Contribution,and Adjusted EBITDA all saw improvement in 2022. Gross margins increased to 56% and Adjusted EBITDA as a percent of sales has increased by an impressive 23 points since 2020. Operational improvement strategies implemented in 2022 began to show results in the second half of the year,resulting in continued margin profile improvement that will have significant impact in 2023.

Refocused brand and product strategies showing results: One of the main drivers of growth in 2022 was the refocus of brand strategies and optimization of product categories and mix. New product lines and categories,collaborations,and a focus on accessories all impacted the growth and margins. Furthermore,improving digital engagement as a part of the overall strategy succeeded in attracting new and younger customers.

Digital strategies successfully initiated: Digital marketing had a strong effect on the 2022 results with the brands increasingly attracting new and younger demographics. In the second half of 2022,the Group established a shared digital platform with a North American partner to distribute the Group's brand online. Sergio Rossi and Lanvin have already successfully transitioned their North American eCommerce to this platform,which is expected to bring further growth to the brands in the coming years.

Significant progress optimizing store network: The Group successfully launched 47 new retail doors,systemwide. Improved store strategies implemented in 2022 have improved the unit economics,with the Group's whole network of retail doors achieving double-digit growth on a like-for-like basis. Additionally,the Group with the brand-level management teams worked aggressively to cull the network,including closing 49 underperforming stores throughout its network. These initiatives provide a strong foundation for physical footprint growth in 2023 and beyond.

Review of FY2022 Financials

Revenues

For FY2022,the Group generated revenues of €422 million,a 37% increase year-over-year. All brands showed strong growth with Lanvin leading the way with a 64% increase year-over-year. The DTC and Wholesale channels grew by 32% and 41%,respectively. The Group maintained its strong growth trend with a compound annual growth rate of 38% since 2020. Full details of the Group's revenues can be found in our Annual Report on Form 20-F for the year ended December 31,2022

Gross Profit

Gross profit increased to €238 million,representing a 56% margin versus €170 million in 2021 at a margin of 55%,a year-over-year growth of 40%. Gross profit has more than doubled since 2020,when the Group had €117 million at a margin of 53%. The Group has continued to improve its margin profile through its brand-level operational initiatives.

Contribution Profit(1)

The Group uses a measure,internally,called contribution profit,defined as gross profit less selling & marketing expenses to gauge the variable profitability performance and analyze the improvements at our brands. Contribution profit for the year was €13 million,an improvement of €9 million from 2021,the first year of positive contribution profits,and a tremendous increase from 2020 when it measured negative €34 million.

AdjustedEBITDA

Adjusted EBITDA remained at loss for 2022,but as a percentage of sales,continued to improve going from (40%) in 2020 to (19%) in 2021 and (17%) in 2022.

Profit Results by Segment

Lanvin: Gross profitsincreased to €61 million,at a margin of 50%,from €34 million,at a margin of 47%,in 2021. Gross profit improved from higher sell-through rates in all product categories as well as increasing economies of scale. Contribution profits continued to improve going from a contribution loss of €24 million in 2021 to a contribution loss of €15 million in 2022 with the percentage of sales improving 20 points year-over-year from negative 33% to negative 13%.

Wolford: Gross profitsincreased to €86 million from €79 million,in 2021. Margins declined slightly due to materials inflation as well as production personnel costs increasing from furloughed employees returning to work at higher wages. Contribution profitsfell to €4 million from €20 million mainly driven by non-recurring expenses. These include legacy operational improvement consulting fees charged in the first half of the year,prior to the new management team taking over in the second-half of 2022,as well as a cyberattack in December 2022 at a third-party logistics provider that disrupted deliveries during the peak holiday season.

Sergio Rossi: Sergio Rossi was acquired in July 2021. Since then,gross margins increased from 46% to 50% in 2022. Gross marginsimproved from an increased proportion of higher-margin DTC sales. Contribution margins declined slightly in 2022 from 13% to 11% due to higher investments in personnel,marketing and rental expenses.

St. John: St. John's margin profile improved dramatically with gross profit growing from €39 million to €53 million in 2022; with margins increasing from 53% to 61%. Contribution profits also increased from €1 million to €10 million; margins increased from 2% to 12%. St. John represents the culmination of the Group's brand-level strategic planning with many of its initiatives nearing completion and bearing results.

Caruso: Caruso continued its strong,steady performance with its gross profits increasing from €4 million to €7 million in 2022,and margins increasing from 18% to 23%. Contribution profits also increased from €3 million to €6 million,and contribution margins increased markedly from 13% to 18%. Caruso leveraged higher sales from new accounts and deeper penetration with current customers to increase its profitability through economies of scale coupled with better management of factory labor costs as well as selling and marketing expenses.

2023 Outlook

Notwithstanding the continuing macroeconomic issues,the Group expects to maintain its 2022 momentum into 2023 and achieve solid margin improvement as the year progresses.

Many of the "nuts and bolts" initiatives started in 2022 will reach completion in 2023 resulting in continued margin improvement. Additionally,a significant portion of the store optimization has taken place and while the Group will continue to enhance its retail network in 2023,we believe the foundation is in placed to opportunistically grow its footprint. The Group remains on track for breakeven profitability in FY2024.

The Group is built upon a collaborative eco-system and continues to work with their strategic partners to build the platform. As such,the Group continues to seek and review potential new investment and acquisition opportunities to further enhance its brands and platform.

Note: All % changes are calculated on an actual currency exchange rate basis.

Note: Lanvin Group acquired a majority stake in Sergio Rossi in July 2021 and Sergio Rossi was consolidated into Lanvin Group's consolidated revenue starting from the acquisition date.

Note: This communication includes certain non-IFRS financial measures such as contribution profit,contribution margin,adjusted earnings before interest and taxes ("Adjusted EBIT"),and adjusted earnings before interest,taxes,depreciation and amortization ("Adjusted EBITDA"). Please see Non-IFRS Financial Measures and Definition.

(1) Contribution profit defined as gross profit less Selling and Marketing Expenses

Annual Report on Form 20-F

Our annual report on Form 20-F,including the consolidated financial statements for the fiscal year ended December 31,2022,can be downloaded from the Company's investor relations website (ir.lanvin-group.com) under the section Financials / SEC Filings,or from the SEC's website (www.sec.gov).

Conference Call

As previously announced,today at 8:00AM EST/8:00PM CST/2:00PM CET,Lanvin Group will host a conference call to discuss its results for the full-year 2022 and provide an outlook for 2023. Management will refer to a slide presentation during the call,which will be made available on the day of the call. To view the presentation,please visit the "Events" tab of the Group's investor relations website at https://ir.lanvin-group.com. To participant in the conference call,please dial into the following numbers:

United States Toll Free: 1-888-346-8982

International: 1-412-902-4272

Mainland China Toll Free: 4001-201203

Hong Kong Toll Free: 800-905945

Hong Kong-Local Toll: 852-301-84992

Singapore Toll Free: 800-120-6157

A replay of the conference call will be accessible approximately one hour after the live call until April 27,2023,by dialing the following numbers:

US Toll Free: 1-877-344-7529

International Toll: 1-412-317-0088

Canada Toll Free: 855-669-9658

Replay Access Code: 3267257

A recorded webcast of the conference call and a slide presentation will also be available on the Group's investor relations website at https://ir.lanvin-group.com.

Next Scheduled Announcement

The next scheduled announcement will be the H1 2023 earnings results release in August 2023. To receive email alerts of the timing of future financial news releases,as well as future announcements,please register at https://ir.lanvin-group.com.

About Lanvin Group

Lanvin Group is a leading global luxury fashion group headquartered in Shanghai,China,managing iconic brands worldwide including Lanvin,St. John Knits,and Caruso. Harnessing the power of its unique strategic alliance of industry-leading partners in the luxury fashion sector,Lanvin Group strives to expand the global footprint of its portfolio brands and achieve sustainable growth through strategic investment and extensive operational know-how,combined with an intimate understanding and unparalleled access to the fastest-growing luxury fashion markets in the world. Lanvin Group is listed on the New York Stock Exchange under the ticker symbol 'LANV'. For more information about Lanvin Group,please visit www.lanvin-group.com,and to view our investor presentation,please visit https://ir.lanvin-group.com.

Forward-Looking Statements

This communication,including the section "2023 Outlook",contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," "project" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include,but are not limited to,statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. These statements are based on various assumptions,whether or not identified in this communication,and on the current expectations of the respective management of Lanvin Group and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and must not be relied on by an investor as,a guarantee,an assurance,a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lanvin Group. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include,changes adversely affecting the business in which Lanvin Group is engaged; Lanvin Group's projected financial information,anticipated growth rate,profitability and market opportunity may not be an indication of its actual results or future results; management of growth; the impact of COVID-19 or similar public health crises on Lanvin Group's business; Lanvin Group's ability to safeguard the value,recognition and reputation of its brands and to identify and respond to new and changing customer preferences; the ability and desire of consumers to shop; Lanvin Group's ability to successfully implement its business strategies and plans; Lanvin Group's ability to effectively manage its advertising and marketing expenses and achieve desired impact; its ability to accurately forecast consumer demand; high levels of competition in the personal luxury products market; disruptions to Lanvin Group's distribution facilities or its distribution partners; Lanvin Group's ability to negotiate,maintain or renew its license agreements; Lanvin Group's ability to protect its intellectual property rights; Lanvin Group's ability to attract and retain qualified employees and preserve craftmanship skills; Lanvin Group's ability to develop and maintain effective internal controls; general economic conditions; the result of future financing efforts; and those factors discussed in the reports filed by Lanvin Group from time to time with the SEC. If any of these risks materialize or Lanvin Group's assumptions prove incorrect,actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lanvin Group presently does not know,or that Lanvin Group currently believes are immaterial,that could also cause actual results to differ from those contained in the forward-looking statements. In addition,forward-looking statements reflect Lanvin Group's expectations,plans,or forecasts of future events and views as of the date of this communication. Lanvin Group anticipates that subsequent events and developments will cause Lanvin Group's assessments to change. However,while Lanvin Group may elect to update these forward-looking statements at some point in the future,Lanvin Group specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Lanvin Group's assessments of any date subsequent to the date of this communication. Accordingly,reliance should not be placed upon the forward-looking statements.

Use of Non-IFRS Financial Metrics

This communication includes certain non-IFRS financial measures such as contribution profit,depreciation and amortization ("Adjusted EBITDA"). These non-IFRS measures are an addition,and not a substitute for or superior to measures of financial performance prepared in accordance with IFRS and should not be considered as an alternative to net income,operating income or any other performance measures derived in accordance with IFRS. Reconciliations of non-IFRS measures to their most directly comparable IFRS counterparts are included in the Appendix to this communication. Lanvin Group believes that these non-IFRS measures of financial results provide useful supplemental information to investors about Lanvin Group. Lanvin Group believes that the use of these non-IFRS financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Lanvin Group's financial measures with other similar companies,many of which present similar non-IFRS financial measures to investors. However,there are a number of limitations related to the use of these non-IFRS measures and their nearest IFRS equivalents. For example,other companies may calculate non-IFRS measures differently,or may use other measures to calculate their financial performance,and therefore Lanvin Group's non-IFRS measures may not be directly comparable to similarly titled measures of other companies. Lanvin Group does not consider these non-IFRS measures in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-IFRS financial measures is that they exclude significant expenses,income and tax liabilities that are required by IFRS to be recorded in Lanvin Group's financial statements. In addition,they are subject to inherent limitations as they reflect the exercise of judgements by Lanvin Group about which expense and income are excluded or included in determining these non-IFRS financial measures. In order to compensate for these limitations,Lanvin Group presents non-IFRS financial measures in connection with IFRS results.

Enquiries:

Media

Lanvin Group

Miya He

miya.he@lanvin-group.com

Investors

Lanvin Group

James Kim

james.kim@lanvin-group.com

Appendix

LanvinGroup Consolidated Income Statement

(€ in Thousands,unless otherwise noted)

Lanvin Group Consolidated P&L

2020A

2021A

2022A

FY

%

FY

%

FY

%

Revenue

222,612

100%

308,822

100%

422,312

100%

Cost of sales

-105,218

-47%

-138,920

-45%

-184,368

-44%

Gross profit

117,394

53%

169,902

55%

237,944

56%

Marketing and selling expenses

-151,631

-68%

-165,502

-54%

-224,733

-53%

General and administrative expenses

-115,181

-52%

-122,497

-40%

-153,138

-36%

Other operating income and expenses

-18,399

-8%

10,083

3%

-2,340

-1%

Loss from operations before non-

underlying items

-167,817

-75%

-108,014

-35%

-142,267

-34%

Non-underlying items (1)

43,546

20%

45,206

15%

-83,057

-20%

Loss from operations

-124,271

-56%

-62,808

-20%

-225,324

-53%

Finance cost – net

-12,989

-6%

-9,313

-3%

-14,556

-3%

Loss before income tax

-137,260

-62%

-72,121

-23%

-239,880

-57%

Income tax benefits / (expenses)

1,603

1%

-4,331

-1%

129

0%

Loss for the year

-135,657

-61%

-76,452

-25%

-239,751

-57%

Contribution profit (2)

-34,211

3%

Adjusted EBIT (2)

-162,428

-73%

-100,806

-33%

-134,836

-32%

Adjusted EBITDA (2)

-88,958

-17%

LanvinGroup Consolidated Balance Sheet

(€ in Thousands,unless otherwise noted)

Lanvin Group Consolidated Balance Sheet

2020A

2021A

2022A

FY

FY

FY

Assets

Non-current assets

Intangible assets

175,542

181,234

181,485

Goodwill

69,323

69,323

Property,plant and equipment

26,879

40,564

46,801

Right-of-use assets

117,917

118,775

121,731

Deferred income tax assets

13,608

17,070

17,297

Other non-current assets

8,280

15,742

15,265

411,549

442,708

451,902

Current assets

Inventories

75,842

92,335

109,094

Trade receivables

22,191

39,781

48,868

Other current assets

23,353

41,706

30,467

Cash and bank balances

44,935

88,981

91,897

166,321

262,803

280,326

Total assets

577,870

705,511

732,228

Liabilities

Non-current liabilities

Non-current borrowings

11,399

11,212

18,115

Non-current lease liabilities

104,382

102,987

105,986

Non-current provisions

3,286

4,166

4,111

Employee benefits

19,085

18,464

15,128

Deferred income tax liabilities

53,284

54,179

54,660

Other non-current liabilities

1,338

1,080

690

192,774

192,088

198,690

Current liabilities

Trade payables

47,436

58,151

73,114

Bank overdrafts

764

14

148

Current borrowings

7,438

55,559

15,370

Current lease liabilities

32,503

37,072

34,605

Current provisions

2,490

3,141

3,014

Other current liabilities

44,070

68,660

106,481

134,701

222,597

232,732

Total liabilities

327,475

414,685

431,422

Net assets

250,395

290,826

300,806

Equity

Equity attributable to owners of the Company

Share capital

289,165

339,259

Treasury shares

-3

-25,023

Other reserves

81,198

149,460

762,962

Accumulated losses

-158,974

-224,328

-442,618

211,389

264,388

295,320

Non- controlling interests

39,006

26,438

5,486

Total equity

250,806

LanvinGroup Consolidated Cash Flow

(€ in Thousands,unless otherwise noted)

Lanvin Group Consolidated Cash Flow

2020A

2021A

2022A

FY

FY

FY

Net cash used in operating activities

-87,297

-73,088

-80,851

Net cash flows from/(used in) investing activities

67,038

6,346

-21,799

Net cash flows generated from financing activities

-41,447

110,065

104,937

Net increase/(decrease) in cash and cash equivalents

-61,706

43,323

2,287

Cash and cash equivalents less bank overdrafts at the beginning of the year

106,642

44,171

88,658

Effect of foreign exchange rate changes

-765

1,164

804

Cash and cash equivalents less bank overdrafts at end of the year

44,171

88,658

91,749

LanvinBrand Key Financials(3)

(€ in Thousands,unless otherwise noted)

Lanvin Brand Key Financials

2020A

2021A

2022A

2021A v

2022A v

20-22

FY

%

FY

%

FY

%

2020A

2021A

CAGR

Key Financials on P&L

Revenues

34,989

100%

72,872

100%

119,847

100%

108%

64%

85%

Gross profit

13,573

39%

34,028

47%

60,513

50%

Selling and distribution

expenses

-43,147

-123%

-58,124

-80%

-75,852

-63%

Contribution profit (2)

-29,574

-85%

-24,096

-33%

-15,339

-13%

Revenues by Geography

EMEA

18,501

53%

31,683

43%

61,092

51%

71%

93%

82%

North America

4,525

13%

15,964

22%

28,524

24%

253%

79%

151%

Greater China

10,054

29%

23,541

32%

25,742

21%

134%

9%

60%

Other

1,909

5%

1,684

2%

4,489

4%

-12%

167%

53%

(€ in Thousands,489

4%

-12%

167%

53%

Revenues by Channel

DTC

16,959

48%

46,134

63%

58,536

49%

172%

27%

86%

Wholesale

12,974

37%

21,161

29%

51,898

43%

63%

145%

100%

Other

5,056

14%

5,577

8%

9,413

8%

10%

69%

36%

WolfordBrand Key Financials(3)

(€ in Thousands,unless otherwise noted)

Wolford Brand Key Financials

2020A

2021A

2022A

2021A v

2022Av

20-22

FY

%

FY

%

FY

%

2020A

2021A

CAGR

Key Financials on P&L

Revenues

95,384

100%

109,332

100%

125,514

100%

15%

15%

15%

Gross profit

65,865

69%

79,070

72%

86,228

69%

Selling and distribution

expenses

-65,006

-68%

-59,351

-54%

-81,901

-65%

Contribution profit (2)

859

1%

19,719

18%

4,327

3%

Revenues by Geography

EMEA

73,794

77%

79,236

72%

86,501

69%

7%

9%

8%

North America

16,367

17%

21,824

20%

31,535

25%

33%

44%

39%

Greater China

4,867

5%

7,289

7%

6,791

5%

50%

-7%

18%

Other

356

0%

983

1%

687

1%

176%

-30%

39%

Revenues by Channel

DTC

62,323

65%

74,622

68%

90,408

72%

20%

21%

20%

Wholesale

33,061

35%

34,710

32%

34,426

27%

5%

-1%

2%

Other

0%

0%

680

1%

SergioRossiBrand Key Financials(3)

(€ in Thousands,unless otherwise noted)

Sergio Rossi Brand Key Financials

2021PF

2021A

2022A

2022A v

2022A v

FY

%

FY

%

FY

%

2021PF

2021A

Key Financials on P&L

Revenues

59,206

100%

28,737

100%

61,929

100%

5%

116%

Gross profit

13,319

46%

31,048

50%

Selling and distribution expenses

-9,489

-33%

-24,502

-40%

Contribution profit (2)

3,830

13%

6,546

11%

Revenues by Geography

EMEA

33,435

56%

17,009

59%

35,023

57%

5%

106%

North America

1,290

2%

107

0%

1,181

2%

-8%

1004%

Greater China

11,331

19%

4,595

16%

10,809

17%

-5%

135%

Other

13,150

22%

7,027

24%

14,916

24%

13%

112%

Revenues by Channel

DTC

28,911

49%

14,349

50%

31,910

52%

10%

122%

Wholesale

30,295

51%

14,389

50%

30,019

48%

-1%

109%

Other

0%

0%

0%

St. John Brand Key Financials(3)

(€ in Thousands,unless otherwise noted)

St. John Brand Key Financials

2020A

2021A

2022A

2021A v

2022A v

20-22

FY

%

FY

%

FY

%

2020A

2021A

CAGR

Key Financials on P&L

Revenues

66,512

100%

73,094

100%

85,884

100%

10%

17%

14%

Gross profit

32,987

50%

38,987

53%

52,642

61%

Selling and distribution

expenses

-42,273

-64%

-37,697

-52%

-42,498

-49%

Contribution profit (2)

-9,286

-14%

1,290

2%

10,144

12%

Revenues by Geography

EMEA

2,254

3%

779

1%

1,224

1%

-65%

57%

-26%

North America

60,528

91%

65,534

90%

78,774

92%

8%

20%

14%

Greater China

2,919

4%

6,467

9%

5,153

6%

122%

-20%

33%

Other

811

1%

315

0%

733

1%

-61%

133%

-5%

Revenues by Channel

DTC

44,778

67%

51,581

71%

66,412

77%

15%

29%

22%

Wholesale

21,734

33%

21,513

29%

19,077

22%

-1%

-11%

-6%

Other

0%

0%

395

0%

CarusoBrand Key Financials(3)

(€ in Thousands,unless otherwise noted)

Caruso Brand Key Financials

2020A

2021A

2022A

2021A v

2022A v

20-22

FY

%

FY

%

FY

%

2020A

2021A

CAGR

Key Financials on P&L

Revenues

26,351

100%

24,695

100%

30,819

100%

-6%

25%

8%

Gross profit

4,881

19%

4,449

18%

7,147

23%

Selling and distribution expenses

-1,708

-6%

-1,144

-5%

-1,446

-5%

Contribution profit (2)

3,173

12%

3,305

13%

5,701

18%

Revenues by Geography

EMEA

20,318

77%

19,475

79%

23,050

75%

-4%

18%

7%

North America

4,252

16%

3,272

13%

5,833

19%

-23%

78%

17%

Greater China

480

2%

549

2%

559

2%

14%

2%

8%

Other

1,301

5%

1,399

6%

1,377

4%

8%

-2%

3%

Revenues by Channel

DTC

0%

0%

0%

Wholesale

26,819

100%

-6%

25%

8%

Other

0%

0%

0%

LanvinGroup Brand Footprint

Footprint by Brand

2021

2022

DOS (4)

POS (5)

DOS (4)

POS (5)

Lanvin

27

287

31

339

Wolford

167

227

163

225

St. John

48

133

46

106

Sergio Rossi

50

328

50

346

Caruso

1

144

1

189

Total

293

1,119

291

1,205

Non-IFRSFinancial Measures Reconciliation

(€ in Thousands,unless otherwise noted)

Reconciliation of Contribution Margin

2020A

2021A

2022A

FY

FY

FY

Revenue

222,612

308,822

422,312

Cost of sales

-105,218

-138,920

-184,368

Gross profit

117,394

169,902

237,944

Marketing and selling expenses

-151,631

-165,502

-224,733

Contribution profit (2)

-34,237

4,400

13,211

(€ in Thousands,unless otherwise noted)

Reconciliation of Adjusted EBIT

2020A

2021A

2022A

FY

FY

FY

Loss for the year

-135,657

-76,452

-239,751

Add / (Deduct) the impact of:

Income tax benefits / (expenses)

-1,603

4,331

-129

Finance cost—net

12,989

9,313

14,556

Non-underlying items (1)

-43,546

-45,206

83,057

Loss from operations before non-underlying items

-167,817

-108,014

-142,267

Add / (Deduct) the impact of:

Share based compensation

5,389

7,208

7,431

Adjusted EBIT (2)

-162,428

-100,806

-134,836

(€ in Thousands,unless otherwise noted)

Reconciliation of Adjusted EBITDA

2020A

2021A

2022A

FY

FY

FY

Loss for the year

-135,431

Provisions and impairment losses

22,676

10,766

16,729

Net foreign exchange (gains) / losses

3,304

-10,489

339

Depreciation / Amortization

48,332

41,584

45,810

Adjusted EBITDA (2)

-88,116

-58,945

-71,958

Note:

(1) 2022 was impacted by a €84 million cost related to the Reverse Recapitalization that occurred as part of the SPAC merger; this cost is non-recurring in nature.

(2) These are Non-IFRS Financial Measures and will be mentioned throughout this communication. Please see Non-IFRS Financial Measures and Definition.

(3) Brand-level results are presented exclusive of eliminations.

(4) DOS refers to Directly Operated Stores which include boutiques,outlets,concession shop-in-shops and pop-up stores.

(5) POS refers to Point of Sales which include DOS and wholesale accounts.

Non-IFRS Financial Measures and Definition

Our management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: contribution profit,Adjusted EBIT and Adjusted EBITDA. Our management believes that these non-IFRS financial measures provide useful and relevant information regarding our performance and improve their ability to assess financial performance and financial position. They also provide comparable measures that facilitate management's ability to identify operational trends,as well as make decisions regarding future spending,resource allocations and other operational decisions. While similar measures are widely used in the industry in which we operate,the financial measures that we use may not be comparable to other similarly named measures used by other companies nor are they intended to be substitutes for measures of financial performance or financial position as prepared in accordance with IFRS.

Contribution profit is defined as revenues less the cost of sales and selling and marketing expenses. Contribution profit subtracts the main variable expenses of selling and marketing expenses from gross profit,and our management believes this measure is an important indicator of profitability at the marginal level. Below contribution profit,the main expenses are general administrative expenses and other operating expenses (which include foreign exchange gains or losses and impairment losses). As we continue to improve the management of our portfolio brands,we believe we can achieve greater economy of scale across the different brands by maintaining the fixed expenses at a lower level as a proportion of revenue. We therefore use contribution profit margin as a key indicator of profitability at the group level as well as the portfolio brand level.

Contribution margin is defined as contribution profit divided by revenues.

Adjusted EBIT is defined as profit or loss before income taxes,net finance cost,share based compensation,adjusted for income and costs which are significant in nature and that management considers not reflective of underlying operational activities,mainly including net gains on disposal of long-term assets,negative goodwill from acquisition of Sergio Rossi,gain on debt restructuring and government grants.

Adjusted EBITDA is defined as profit or loss before income taxes,exchange gains/(losses),depreciation,amortization,share based compensation and provisions and impairment losses adjusted for income and costs which are significant in nature and that management considers not reflective of underlying operational activities,gain on debt restructuring and government grants.