Industria de Diseño Textil S.A (OTCPK:IDEXY) Q2 2022 Results Conference Call September 14, 2022 3:00 AM ET Â Company Participants Marcos López - Capital Markets Director Oscar Garcia Maceiras - CEO Ignacio Fernández - CFO James OÂ'Shaughnessy - Senior IR Manager Conference Call Participants Anne Critchlow - Societe Generale Richard Chamberlain - RBC Warwick Okines - BNP Paribas Exane James Grzinic - Jefferies Nick Coulter - Citigroup Adam Cochrane - Deutsche Bank Rebecca McClellan - Santander Georgina Johan ...

Financial Data and Key Metrics Changes - In Q1 2022, sales reached €6.7 billion, a 36% increase compared to Q1 2021 [10][19] - Net income rose 80% to €760 million, with a potential net income of €940 million excluding provisions [12][19] - Gross margin improved to 60.1%, marking the highest first-quarter gross margin in 10 years [20][21] - The net cash position increased to €9.2 billion, supported by significant free cash flow generation [8][23] Business Line Data and Key Metrics Changes - Store sales saw a significant rebound, with strong performance across all business lines, particularly Zara, Stradivarius, Pull&Bear, and Bershka [25] - Inventory grew by 27%, reflecting both volume growth and price adjustments due to supply chain considerations [22][50] Market Data and Key Metrics Changes - The US market continued to show robust growth, becoming the second-largest market for the company after Spain [40] - Store traffic rebounded significantly, contributing to the overall sales growth [20][41] Company Strategy and Development Direction - The company emphasizes a fully integrated business model that combines physical stores and online sales, aiming for online sales to exceed 30% of total sales by 2024 [31] - Sustainability and digitalization are core strategic priorities, with ongoing investments in innovative technologies and sustainable practices [30][62] - The company plans to maintain a predictable and attractive dividend policy, with a capital expenditure of €1.1 billion for 2022 to drive growth [32][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's unique business model and its ability to adapt to changing market conditions [9][30] - The strong performance in Q1 2022 is expected to continue, with positive trends in store traffic and sales [20][34] Other Important Information - An extraordinary charge of €216 million was taken to provision for expected expenses related to the Russian Federation and Ukraine [11][19] - The company has partnered with Infinited Fiber Company to promote textile circularity, committing over €100 million for future production [26][27] Q&A Session Summary Question: US market profitability - The US market is performing strongly, with sales up 36%, and is now the second-largest market for the company [40][41] Question: Footfall compared to pre-pandemic levels - Store traffic has rebounded significantly, showing positive trends compared to 2019 levels [43][46] Question: Inventory growth drivers - The 27% inventory growth is attributed to high-quality inventory management and proactive shipment strategies [49][50] Question: Russian provisions details - The €216 million provision reflects expected expenses and is currently a non-cash provision [53] Question: Volume response to pricing adjustments - The company maintains a stable pricing policy, with selective adjustments in response to inflation, expecting no significant impact on volumes [56] Question: Returns management and efficiency - The introduction of return charges in various markets has not negatively impacted sales and has improved return management efficiency [59][61] Question: Sustainability initiatives - The company is committed to sustainability, with ongoing partnerships and projects aimed at reducing the environmental footprint [62]

Industria de Diseño Textil, S.A. (OTCPK:IDEXY) Q4 2021 Results Conference Call March 16, 2022 4:00 AM ET Company Participants Marcos López - Capital Markets Director Pablo Isla - Executive Chairman Oscar Garcia Maceiras - CEO Ignacio Fernández - CFO James OÂ'Shaughnessy - Senior IR Manager Conference Call Participants Elena Mariani - Morgan Stanley Adam Cochrane - Deutsche Bank Anne Critchlow - Societe Generale Rebecca McClellan - Santander Paul Rossington - HSBC Georgina Johanan - JP Morgan Richard Chamber ...

Industria de Diseño Textil, S.A. (OTCPK:IDEXY) Q3 2021 Earnings Conference Call December 15, 2021 3:00 AM ET Company Participants Marcos Lopez - Capital Markets Director Pablo Isla - Executive Chairman Oscar Maceiras - Chief Executive Officer Ignacio Fernández - Chief Financial Officer Conference Call Participants Richard Chamberlain - RBC Capital Markets Rebecca McClellan - Banco Santander Anne Critchlow - Societe Generale Cross Asset Research Simon Irwin - Credit Suisse Georgina Johanan - JPMorgan Chase & ...

Financial Performance - Net sales for 9M21 reached €19325 million, a 37% increase compared to €14085 million in 9M20 [28, 33] - Gross profit for 9M21 was €11409 million, a 40% increase compared to €8172 million in 9M20 [28] - Profit Before Tax (PBT) for 9M21 was €3231 million, a 277% increase compared to €857 million in 9M20 [28] - Net income for 9M21 was €2500 million, a 273% increase compared to €671 million in 9M20 [28] - Net cash position reached €9569 million, a 16% increase compared to €8265 million in 9M20 [43] - Gross margin increased to 590% in 9M21 from 580% in 9M20, a rise of 101 bps [35] - Sales in constant currency (CC) grew by 39% in 9M21 [33] - 3Q21 sales in constant currency increased by 21% over 3Q20 and 10% above 3Q19 [13, 34] Strategic Transformation and Online Growth - Online sales in constant currency grew by 28% over 9M20 and 124% over 9M19 [19, 34] - Online sales are expected to reach above 25% of total sales in FY21 [19]

| --- | --- | --- | --- | --- | --- | |--------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | INDITEX | | | | | | | Interim HalfYear Year 2021 15 September 2021 | | | | | | | | | | | | | Disclaimer This document and the information contained herein does not constitute an offer to sell, exchange or buy, or the solicitation of an offer to buy, or any recommendation or advice regarding, any securities issued by the I ...

INDITEX 2020 RESULTS 1 2020 Results 10 March 2021 INDITEX 2020 RESULTS Disclaimer This document and the information herein does not constitute an offer to sell, to buy or to exchange, nor an invitation to make an offer to buy, to sell or to exchange, nor a recommendation or advice, regarding any security issued by the Inditex Group. This document contains forward-looking statements. All statements other than statements of historical fact included herein, including, without limitation, those regarding our fi ...

Industria de Diseño Textil, S.A. (OTCPK:IDEXY) Q2 2020 Earnings Conference Call September 16, 2020 3:00 AM ET Company Participants Marcos Lopez - Capital Markets Director Pablo Isla - Executive Chairman Carlos Crespo - CEO Ignacio Fernández - CFO Conference Call Participants Richard Chamberlain - RBC Capital Markets Anne Critchlow - Societé Generale Geoff Lowery - Redburn Partners LLP Rebecca McClellan - Santander Chiara Battistini - J.P. Morgan Warwick Okines - Exane BNP Paribas Aneesha Sherman - AllianceB ...

Interim Half Year 2020 16 September 2020 Interim Half Year 2020 1 INDITEX Disclaimer This document and the information herein does not constitute an offer to sell, to buy or to exchange, nor an invitation to make an offer to buy, to sell or to exchange, nor a recommendation or advice, regarding any security issued by the Inditex Group. This document contains forward-looking statements. All statements other than statements of historical fact included herein, including, without limitation, those regarding our ...

Interim Three Months 2020 & Strategy update 10 June 2020 INDITEX Interim Three Months 20201 Disclaimer This document and the information herein does not constitute an offer to sell, to buy or to exchange, nor an invitation to make an offer to buy, to sell or to exchange, nor a recommendation or advice, regarding any security issued by the Inditex Group. This document contains forward-looking statements. All statements other than statements of historical fact included herein, including, without limitation, t ...