Group 1: MYT Netherlands Parent B.V. (MYTE) - MYT Netherlands shares increased by 7.5% to close at $7.05, supported by high trading volume, despite a 30.7% loss over the past four weeks [1] - The company is experiencing growth due to increased average order value, high customer satisfaction, and exclusive luxury brand partnerships [1] - The consensus EPS estimate for the upcoming quarterly report is $0.03, reflecting a year-over-year decline of 40%, while revenues are projected at $259.44 million, a 2.2% increase from the previous year [2] Group 2: Earnings and Stock Performance - The consensus EPS estimate for MYT Netherlands has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] - MYT Netherlands holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] - In comparison, eBay (EBAY) has also maintained a Zacks Rank of 3, with an unchanged EPS estimate of $1.34, representing a 7.2% increase year-over-year [4]

Group 1 - Building Benjamins is a free stock picking and market commentary investment newsletter published by Tradition Investment Management, LLC [1] - Benjamin Halliburton, the founder, has a notable background in investment, having founded Tradition Capital Management in 2000 and received multiple accolades for his performance [1] - Halliburton has extensive experience in the investment field, starting his career at Merrill Lynch in 1986 and earning an MBA with a focus on finance from Duke's Fuqua School of Business in 1990 [1] Group 2 - Halliburton was recognized as "PSN Manager of the Decade" for All-Cap in the 2000s and for Dividend Value in the 2010s, highlighting his successful investment strategies [1] - He achieved the Chartered Financial Analyst designation in 1994 and was the top-performing portfolio manager at Brundage, Story and Rose during the 1990s bull market [1] - Halliburton was noted as the youngest partner at his firm and received high praise from senior managing partners for his investment acumen [1]

Financial Data and Key Metrics Changes - In Q2 of fiscal year 2025, the company achieved a net sales growth of 13.4% compared to Q2 of fiscal year 2024, with gross profit increasing by 16% to €113.6 million [38][44] - The adjusted EBITDA margin improved by 350 basis points to 7.3% compared to 3.8% in the prior year quarter [49] - Average order value (AOV) increased by 9.5% to €736, reflecting a successful focus on high-end luxury products [42][16] Business Line Data and Key Metrics Changes - The company's GMV (Gross Merchandise Value) grew by 11.9% in Q2 of fiscal year 2025 compared to the same period last year, driven by a 13.6% increase in GMV per top customer [12][41] - The business with top customers in the U.S. saw a significant GMV growth of 34.7% in Q2 of fiscal year 2025 [15][43] Market Data and Key Metrics Changes - The U.S. market accounted for 20.6% of total net sales, with a net sales growth of 17.6% in Q2 of fiscal year 2025 [13][43] - Europe, including Germany and the UK, experienced a net sales growth of 12.8% in the same quarter [14] Company Strategy and Development Direction - The company is focused on high-spending, wardrobe-building customers, which is a fundamental driver of its success [15][10] - The expected acquisition of YNAP is seen as a strategic move to create a global digital luxury platform, enhancing the company's market position [9][29] - The new group will be branded as LuxExperience, emphasizing a focus on luxury experiences and customer engagement [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the luxury market's recovery, despite ongoing macroeconomic uncertainties [7][78] - The company is confident in achieving its fiscal year 2025 targets, supported by strong performance in the first half of the year [59][57] Other Important Information - The company reported stable return rates and improving cost ratios, indicating operational efficiency [17][45] - The marketing cost ratio increased to 12.3% in Q2, reflecting a strategic investment in customer acquisition [46][94] Q&A Session Summary Question: Thoughts on technology stack and integration opportunities with YNAP - Management indicated a strategy to integrate YNAP's luxury businesses onto the Mytheresa platform, expecting a re-platforming duration of 24 to 36 months [65][66] Question: Current health of the digital luxury backdrop and acceleration in demand - Management noted strong demand from big spenders, particularly in the U.S. and Europe, while acknowledging challenges in Greater China [76][78] Question: Timeline for return to historical high single-digit EBITDA margins - Management expects to return to higher single-digit margins in the medium term, driven by improvements in gross margins [82] Question: Trends of aspirational customers and marketing spend - Management observed growth in aspirational customers, particularly in the U.S. and Europe, and indicated a return to normal marketing spend levels [87][94] Question: Insights on price points and luxury market dynamics - Management confirmed that their business is driven by high-priced items and noted a pause on further price increases [98][100] Question: Top customer profile by region - Management shared that top customers account for close to 40% of revenue, with higher average order values in Greater China and the Arabic Peninsula [112][113]

Investor Presentation February 2025 Legal Disclaimer Forward Looking Statements & Industry Information This presentation contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this presentation are forward- looking statements. Forward-looking statements give the Company's current expectations and projections relating to its financial condition, results of operation ...

Table of Contents Exhibit 99.1 INTERIM REPORT For the three and six months ended December 31, 2024 MYT Netherlands Parent B.V. Einsteinring 9 85609 Aschheim/Munich Germany Table of Contents INDEX | FINANCIAL RESULTS AND KEY OPERATING METRICS | 3 | | --- | --- | | UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | 6 | | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF | | | OPERATIONS | 26 | | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 41 | | LEGAL PRO ...

Group 1 - The investment approach focuses on long-term investments while incorporating short-term shorts to uncover alpha opportunities [1] - The analysis is based on bottom-up evaluation, emphasizing the fundamental strengths and weaknesses of individual companies [1] - The goal is to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1]

Financial Data and Key Metrics Changes - The first quarter of fiscal year 2025 showed net sales growth of 7.6% year-over-year, reaching EUR201.7 million, with a two-year increase of 15.1% and a three-year increase of 28% [45] - Adjusted EBITDA increased by EUR4.1 million to EUR2.9 million, with an adjusted EBITDA margin improvement of 200 basis points to 1.4% [54][55] - Gross profit increased by 11.5% to EUR88.6 million, with a gross margin of 43.9%, reflecting a 150 basis points increase compared to the prior year [48][49] Business Line Data and Key Metrics Changes - GMV (Gross Merchandise Value) increased by 6.3% to EUR216.6 million, with GMV for top customers growing by 18.8% [17][29] - Average order value (AOV) reached a record high of EUR720, up 9.1% year-over-year [33][47] - The adjusted selling, general and administrative (SG&A) costs increased modestly, leading to a decrease in the adjusted SG&A cost ratio by 50 basis points to 14.0% [53] Market Data and Key Metrics Changes - The United States showed strong revenue growth of 13.6%, accounting for 20% of total GMV in Q1 [30] - European markets experienced net sales growth of 9.8%, while results in China and Asia were impacted by ongoing macro headwinds [31] - The number of top customers in the US grew by 21%, with an increase in average spend per top customer of 17% [76] Company Strategy and Development Direction - The company is focused on the acquisition of YNAP to create a global digital luxury platform, expected to close in the first half of calendar year 2025 [7][8] - The strategy emphasizes building strong relationships with high-spending luxury shoppers and enhancing customer experiences through exclusive events [13][19] - The company aims to maintain profitable growth despite macro uncertainties, with a guidance for GMV and net sales growth between 7% and 13% for the full fiscal year 2025 [61] Management's Comments on Operating Environment and Future Outlook - Management noted improvements in market conditions and consumer sentiment, particularly in the US, which is expected to drive continued growth [11][72] - The company remains confident in its ability to deliver profitable growth, citing a strong business model and operational performance [38][39] - Management highlighted the importance of focusing on high-end luxury products and maintaining a full-price selling strategy to improve gross margins [49][78] Other Important Information - The company reported a decrease in inventory levels by 3.6% year-over-year, achieving target inventory levels in relation to top-line performance [43][59] - A strategic partnership with DHL for the GoGreen Plus initiative aims to reduce CO2 emissions associated with shipments by over 27,000 tons over five years [35] - The company published its third Positive Change Report, highlighting progress in ESG commitments, including a 59% representation of women in leadership positions [36][37] Q&A Session Summary Question: Can you speak to the success with lower return rates? - Management noted that decreasing return rates are driven by customers being more selective and the success with existing high-spending customers who know their sizes well [69] Question: Can you provide color around US growth and any potential noise from macro uncertainty? - Management expressed confidence in continued strong growth in the US, attributing it to ongoing customer engagement and successful events [72] Question: How would you characterize the overall health of your core luxury customer? - Management reported strong performance in the US and Europe, with top customers showing excellent spending growth, while Asia remains a lagging region [76] Question: Can you elaborate on the promotional backdrop and inventory levels? - Management indicated that inventory levels have stabilized, leading to improved gross profit margins, and they expect this trend to continue [78] Question: What is your guidance philosophy regarding gross margin and EBITDA margin? - Management confirmed guidance for a 3% to 5% adjusted EBITDA margin for the full fiscal year, with typical seasonal performance expected in Q1 and Q3 [81]

Exhibit 99.1 INTERIM REPORT Financial Results and Key Operating Metrics (Amounts in € millions) We review a number of operating and financial metrics, including the following business and non-IFRS metrics, to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. We present Adjusted EBITDA, Adjusted Operating Income, and Adjusted Net Income, and their corresponding margins as a percentage of net sales, because they are f ...

Core Viewpoint - Mytheresa has acquired Yoox Net-A-Porter (YNAP) from Richemont, aiming to create a leading multi-brand digital luxury group while enhancing its market position and customer reach [1][3][5]. Financial Overview - Mytheresa reported a 10% increase in annual revenues for fiscal year 2024, with a notable 14% growth in the second half [2]. - The acquisition involves Mytheresa issuing 33% of its fully diluted share capital to Richemont and taking on YNAP's existing cash balances of $604 million (€555 million) without any financial debt [3]. - Richemont anticipates writing off approximately $1.4 billion (€1.3 billion) in YNAP net assets upon the deal's closure [4]. Market Position and Strategy - The acquisition will more than double Mytheresa's size, adding approximately $2.3 billion in YNAP's gross merchandise value, which includes €1.2 billion from Net-A-Porter and Mr Porter, and €0.9 billion from Yoox and Outnet [8]. - Mytheresa will gain access to 1.4 million luxury customers from Net-A-Porter and Mr Porter, along with 2.2 million customers from Yoox and Outnet, significantly expanding its demographic reach [9]. - The combined companies will operate distinct storefronts while sharing backend operations to create synergies and efficiencies [5][11]. Competitive Landscape - Mytheresa's average order value (AOV) is $775, compared to Net-A-Porter's $735 and Yoox and Outnet's $250, indicating a strong positioning in the luxury segment [8]. - The competitive landscape shows that Farfetch's annual traffic is nearly double that of Mytheresa and Net-A-Porter combined, highlighting the need for Mytheresa to enhance its market presence [10]. Future Growth Potential - The digital personal luxury market is projected to grow from $80 billion in 2023 to $200 billion by 2030, presenting significant growth opportunities for Mytheresa [15]. - Mytheresa aims to leverage its strong relationships with over 200 luxury brands to elevate its status in the market post-acquisition [13]. Integration Challenges - Integrating the off-price segment of YNAP may pose challenges, as Yoox and Outnet have struggled under Richemont's ownership [14]. - Successful integration will depend on how quickly Mytheresa can merge YNAP's IT systems and distribution centers, which is critical for operational efficiency [17].

Financial Data and Key Metrics Changes - The company achieved a net sales growth of 13.8% in the second half of fiscal year 2024, with a solid Q4 growth of 9.7% [20][21] - Gross merchandise value (GMV) grew by 7.8% in Q4 of fiscal year 2024 compared to Q4 of fiscal year 2023, leading to a double-digit GMV growth of 11.4% in the second half of fiscal year 2024 [6][7] - The adjusted EBITDA margin improved to 4.3% in the second half of fiscal year 2024, compared to 1.7% in the first half [8][26] Business Line Data and Key Metrics Changes - The average order value (AOV) reached a record high of EUR 703 in Q4 of fiscal year 2024, reflecting a focus on high-end luxury products [17][22] - The top customer base grew by 3.4% in Q4, with average spend per top customer increasing by 4.6% [9][22] - The share of top customers in GMV increased from 32.6% in fiscal year 2021 to 39.2% in fiscal year 2024 [9] Market Data and Key Metrics Changes - The United States was a significant growth driver, with GMV growth of 22.8% in fiscal year 2024 compared to fiscal year 2023 [7] - Europe also experienced net sales growth of 11.2% in Q4 compared to Q4 of fiscal year 2023 [8] - China and Asia faced ongoing macro headwinds, impacting performance [8][40] Company Strategy and Development Direction - The company aims to build a community for luxury enthusiasts and enhance desirability through digital and physical experiences [5][12] - A strategic focus on high-spending top customers is expected to drive growth and market share [4][19] - The company is actively evaluating opportunities to support and accelerate investments in future business growth [19] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the macroeconomic environment, expecting normalization in the luxury sector [35][41] - The company anticipates GMV and net sales growth between 7% and 13% for fiscal year 2025, with adjusted EBITDA margins between 3% and 5% [31][32] - Management highlighted the importance of maintaining a focus on top customers and full-price selling [19][48] Other Important Information - The company successfully managed inventory levels, achieving a DIO of 296 days and targeting 260 days by the end of fiscal year 2025 [29][30] - The company closed the fiscal year with no bank debt and a positive operating cash flow of EUR 10 million [28] Q&A Session Summary Question: What is happening with gross margins and inventory levels? - Management acknowledged lower gross margins but expects improved sell-through rates and no further slippage in the upcoming fiscal year [34][36] - Inventory levels are being managed closely, with expectations to reach targeted levels by the end of fiscal year 2025 [37] Question: How do US customers compare to those in Europe and Asia? - US consumer sentiment remains strong, while Europe shows improvement, particularly in southern countries [39][40] - Asia is facing challenges, particularly in China, but there are bright spots in other regions [40] Question: How is sector consolidation influencing the business? - Consolidation is expected to normalize promotional intensity and customer acquisition costs, benefiting quality customer relationships [43][44] Question: What are the expectations for gross profit growth in fiscal 2025? - Gross profit growth is expected to continue, but it will depend on the overall market situation [45] Question: What are the plans for the new Greater China President and the top customers in China? - The company is investing in the Chinese market and focusing on customer engagement, with expectations for recovery in the next 8 to 12 months [54][56]