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]

Exhibit 99.1 Strong Full FY24 results for Mytheresa driven by +14% Net Sales growth in H2 compared to last year and continued profitability with 4% Adj. EBITDA margin in H2 FY24 MUNICH, Germany (September 12, 2024) – MYT Netherlands Parent B.V. (NYSE: MYTE) ("Mytheresa" or the "Company") today announced financial results for its fourth quarter and full fiscal year 2024 ended June 30, 2024. The luxury multi-brand digital platform reported strong financial performance for the fourth quarter, driving significa ...

Financial Performance - In fiscal 2024, the company reported net sales of €840.8 million, representing a growth of 9.8% from fiscal 2023[233]. - The average order value in fiscal 2024 was €703, an increase from €641 in fiscal 2023[230]. - The company experienced a net loss of €24.9 million in fiscal 2024, compared to €17.0 million in fiscal 2023[233]. - Adjusted EBITDA for fiscal 2024 was €25.8 million, down from €38.4 million in fiscal 2023[233]. - Gross profit for FY24 was €384.5 million, a year-over-year increase of €4.6 million or 1.2%[274]. - Operating loss increased to €22.0 million in FY24 from €8.7 million in FY23, with net loss rising to €24.8 million from €17.0 million[274]. - Adjusted EBITDA decreased from €38.4 million in the fiscal year ended June 30, 2023, to €25.8 million in the fiscal year ended June 30, 2024, a decline of 32.8%[332]. - Net loss increased from €17.0 million in the fiscal year ended June 30, 2023, to €24.9 million in the fiscal year ended June 30, 2024, representing a 46.4% increase[332]. - The gross profit margin decreased from 49.6% in the fiscal year ended June 30, 2023, to 45.7% in the fiscal year ended June 30, 2024, a decline of 390 basis points[332]. Customer Metrics - Mytheresa's active customer base has grown at a 25.7% CAGR since fiscal 2016, with 75.5% of net sales in fiscal 2024 coming from existing customers[253]. - The number of active customers decreased slightly from 856,345 in FY23 to 852,223 in FY24, while top customers grew by 5.0%[274]. - The company has achieved an 80% net sales retention rate from prior year cohorts, demonstrating strong customer loyalty[253]. - Customer satisfaction is evidenced by a net promoter score of 75.2% in fiscal 2024[243]. Sales and Market Trends - The personal luxury goods market reached a value of €362 billion in 2023, with expected growth of 4% to 6% in 2024[236]. - The wealth of high net worth individuals (HNWIs) increased at a CAGR of 4.7% from 2016 to 2023, reaching $86.8 trillion as of 2023[237]. - Gross Merchandise Value (GMV) rose from €853.2 million to €913.6 million, reflecting a growth of 7.1%[306]. - The net sales percentage of GMV improved from 89.8% to 92.0%, an increase of 220 basis points[306]. - Net sales for online operations increased from €751.3 million in the fiscal year ended June 30, 2023, to €826.7 million in the fiscal year ended June 30, 2024, a growth of 10.0%[327]. Product and Category Development - The company launched 76 exclusive capsule collections and pre-launch campaigns in fiscal 2024[242]. - Mytheresa's Fine Jewellery and Watches category launched in 2023, with sales from products above €10,000 now making up 25% of the sales mix[260]. - The kidswear segment has expanded from 35 to 57 brands since its launch in January 2019, showing double-digit growth compared to the prior year[259]. - Mytheresa launched new categories including Mytheresa Kids in 2019, Mytheresa Men in January 2020, and Life in May 2023, expanding its luxury offerings[290]. Marketing and Customer Acquisition - Customer acquisition cost (CAC) accounted for approximately 80% of total marketing expenses in FY24, reflecting a focus on efficient customer acquisition strategies[279]. - Marketing expenses decreased from €112.0 million for the fiscal year ended June 30, 2023, to €96.7 million for the fiscal year ended June 30, 2024, with a marketing cost ratio in relation to net sales decreasing by 310 BPs[312][313]. Management and Governance - Michael Kliger has been the CEO since September 2020, previously serving as President and CEO of mytheresa.com GmbH since March 2015[358]. - Dr. Martin Beer has been the CFO since September 2020, with 14 years of experience in CFO and COO roles in e-commerce companies[359]. - The Supervisory Board includes members with extensive experience in finance and management from companies like LEGO Group and Amazon[363][365][367]. - The company is committed to maintaining strong governance with independent directors on the Supervisory Board[363]. - The total compensation for management board members for the year ended June 30, 2024, was €17,481 thousand, a decrease from €26,077 thousand in the previous year[386]. Financial Position and Cash Flow - Cash and cash equivalents as of June 30, 2024, were €15.1 million, with approximately 72% held in Germany[349]. - Net cash inflow from operating activities for the fiscal year ended June 30, 2024, was €10,015 thousand, a significant improvement from a cash outflow of €55,050 thousand in 2023[352]. - Total cash outflow from investing activities decreased to €11,809 thousand in 2024 from €22,758 thousand in 2023, primarily due to lower capital expenditures[353]. Future Outlook and Strategy - The company plans to leverage proprietary data insights to optimize customer experience and enhance inventory management[266]. - The global luxury market is projected to reach €540-580 billion by 2030, more than double its size in 2020[288]. - The company continues to invest in personnel quality to sustain medium and long-term growth strategy while managing expenses prudently[320].

Investor Presentation September 2024 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 operatio ...

Exhibit 99.1 INTERIM REPORT For the three and nine months ended March 31, 2024 MYT Netherlands Parent B.V. Einsteinring 9 85609 Aschheim/Munich Germany 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 | 26 | | OPERATIONS | | | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 45 | | LEGAL PROCEEDINGS | 45 | MYT Netherlands Parent ...

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