Ermenegildo Zegna N.V. (NYSE:ZGN) Q4 2022 Earnings Conference Call April 6, 2023 8:30 AM ET Company Participants Francesca Di Pasquantonio - Director, Investor Relations Ermenegildo Zegna - Chairman and CEO Rodrigo Bazan - Chief Executive Officer, Thom Browne Gianluca Tagliabue - Chief Financial Officer and COO Conference Call Participants Susy Tibaldi - UBS Louise Singlehurst - Goldman Sachs Operator Hello, everyone, and welcome to the Ermenegildo Zegna Group Full Year 2022 Results. My name is Bruno, and I ...

Exhibit 99.1 ERMENEGILDO ZEGNA GROUP REPORTS ROBUST FY2022 FINANCIAL RESULTS IN LINE WITH STRATEGIC PLAN April 6, 2023 – MILAN—(Business Wire)—Ermenegildo Zegna N.V. (NYSE:ZGN) ("Zegna Group," the "Group," "Zegna,", or the "Company"), owner of the ZEGNA and Thom Browne brands, today announced profit of €65.3 million for the year ended December 31, 2022. Adjusted EBIT for the period was €157.7 million, up 6% year-over-year and in line with the "moderate improvement" guidance the Group communicated on January ...

Financial Performance - In 2022, Zegna recorded revenues of €1,492.84 million, a 15.5% increase from €1,292.40 million in 2021[400] - The company reported a Profit of €65.28 million in 2022, recovering from a loss of €127.66 million in 2021[400] - Adjusted EBIT for 2022 was €157.73 million, up from €149.12 million in 2021, indicating a positive trend in operational efficiency[400] - Total revenues for 2022 reached €1,492,840 thousand, a 15.5% increase from €1,292,402 thousand in 2021[420] - Operating profit for 2022 was €147,777 thousand, representing 9.9% of revenues, a significant recovery from an operating loss of €94,028 thousand in 2021[452] - Other income for 2022 amounted to €13,949 thousand, an increase of €5,689 thousand or 68.9% compared to 2021, primarily from lease agreements[1] - Income taxes for the year ended December 31, 2022 amounted to €35,802 thousand, an increase of €5,100 thousand (+16.6%) compared to €30,702 thousand for 2021[558] - The effective tax rate for 2022 was 35.4%, a significant increase from -31.7% in 2021, indicating a shift in profitability[560] Revenue Breakdown - Revenue breakdown: Euro (34.8%), Chinese Renminbi (27.8%), U.S. Dollar (18.5%), with U.S. Dollar revenue increasing by 48.2% from €185,944 thousand in 2021[420] - Zegna branded products generated €923,942 thousand in revenue, up €76,631 thousand (+9.0%) from 2021, driven by strong performance in shoes and luxury leisurewear[462] - Thom Browne revenues increased by €66,617 thousand (+25.3%) to €330,014 thousand, supported by strong wholesale demand and the launch of the TMall platform in Greater China[462] - Textile revenues rose by €34,525 thousand (+33.8%) to €136,769 thousand, attributed to higher orders for new collections and the acquisition of Tessitura Ubertino S.r.l.[462] - Direct to Consumer (DTC) revenues totaled €918,207 thousand, a 7.8% increase from 2021, with Zegna branded products contributing €772,505 thousand[465] - Wholesale revenues increased by €133,830 thousand (+30.7%) to €570,310 thousand, driven by strong growth in Thom Browne and Third Party Brands[466] - EMEA revenues increased by €139,901 thousand (+36.8%) driven by significant growth in Italy and the UK, with a notable performance in the DTC channel[1] - North America revenues rose by €103,403 thousand (+54.1%), primarily due to strong DTC sales for Zegna and Thom Browne products[1] - APAC revenues decreased by €51,542 thousand (-7.4%), mainly due to temporary store closures and lower customer traffic in the Greater China Region[1] Market Presence and Operations - Zegna operates 239 direct-to-consumer (DTC) stores and 63 Thom Browne stores as of December 31, 2022, compared to 245 and 52 respectively in 2021[401] - Approximately 80 countries are served through Zegna's DTC and wholesale distribution channels, enhancing global market presence[401] - The company faced significant impacts from COVID-19, particularly in the Greater China Region, leading to temporary store closures and reduced customer traffic[413] - Zegna's operations have normalized in the Greater China Region as of early 2023, following a recovery in DTC revenues[413] Cost Management - Cost of raw materials and consumables totaled €311,320 thousand, representing 20.9% of revenues, slightly down from 24.0% in 2021[431] - Inflationary pressures in 2022 led to increased costs for energy and raw materials, but margins were protected through pricing strategies[424] - Personnel costs for 2022 were €395,087 thousand, accounting for 26.5% of revenues, compared to 28.5% in 2021[452] - Purchased, outsourced and other costs for 2022 amounted to €437,928 thousand, an increase of €84,299 thousand or 23.8% compared to 2021[491] - The increase in purchased, outsourced and other costs was driven by higher sales volumes and increased outsourcing, with advertising and marketing expenses rising by €19,394 thousand[492] Strategic Acquisitions and Investments - The acquisition of a 25% interest in Norda Run was completed for $7.1 million, with potential for increased stake over nine years[434] - Zegna plans to acquire the Thom Browne retail business in South Korea, consisting of 17 stores, expected to be completed by July 1, 2023[435] - The TFI Acquisition, aimed at acquiring an 85% interest in TFI, is pending antitrust approvals and expected to close in Q2 2023[436] - The acquisition of Tessitura Ubertino S.r.l. contributed an additional €4,590 thousand in revenue in 2022 compared to 2021[467] Future Outlook - The company expects to commence the TFI License for TOM FORD products in Q2 2023, pending regulatory approvals[463] - Zegna's management expects continued volatility in raw material prices, particularly wool and cashmere, impacting future costs[428] - The company plans to continue capital investments for new store openings and renovations, as well as enhancements to production facilities and IT systems[589]

Ermenegildo Zegna Group 1H 2022 RESULTS August 26, 2022 1 DISCLAIMER Non-IFRS Financial Measures Zegna's management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: adjusted earnings before interest and taxes ("Adjusted EBIT"), Adjusted EBIT Margin, Adjusted Profit/(Loss), Adjusted Basic Earnings per Share and Adjusted Diluted Earnings Per Share, Net Financial Indebtedness/(Cash Surplus) and Trade Working Capital. Zegna's management believes tha ...

Financial Data and Key Metrics Changes - The company reported a revenue growth of 21% year-over-year, reaching approximately €730 million in the first half of 2022 [10] - Excluding Mainland China, which was affected by COVID-19 lockdowns, the growth rate was 53%, with the U.S. and Europe doubling [10] - Adjusted EBIT margin increased by 20 basis points to 11.3%, despite planned cost increases and an unfavorable country mix due to the weaker Greater China region [11][30] - Profit for the first half was €21 million, down from €32 million the previous year, primarily due to an increase in the value of the put option liability related to Thom Browne [43] Business Line Data and Key Metrics Changes - Zegna segment sales increased by 19%, with EBIT margin rising from 8.4% to 9.2% [42][64] - Thom Browne experienced a 30% growth in sales, although EBIT margin slightly decreased to 17% due to growth investments [42] - Textile sales surged by 55%, and Third-Party brands grew by 44%, driven by strong deliveries to clients like Tom Ford and Gucci [57] Market Data and Key Metrics Changes - DTC (Direct-to-Consumer) sales increased by 13%, representing 59% of total revenues, with a growth rate of 4% in the second quarter [58] - In Greater China, DTC revenues in June were higher than in June 2021, indicating a positive rebound post-lockdowns [53] - The company noted a strong rebound in Western Europe, with a return of tourists contributing to sales growth [40][54] Company Strategy and Development Direction - The company is focused on its One Brand strategy, which aims to enhance brand recognition and customer engagement [13][14] - A significant milestone was the launch of the Zegna One Brand rebranding project, which is expected to continue with 80 more rebranding efforts in the second half of the year [13] - The partnership with Real Madrid is seen as a strategic move to amplify brand visibility and attract new customers [8][16] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the results despite a complex macroeconomic and geopolitical context [6] - The company raised its full-year revenue guidance from low-teens to mid-teens growth, citing strong order visibility and positive trends in consumer behavior [71][76] - Management remains cautious about potential volatility in the market, particularly in Greater China, but sees positive trends in North America and Europe [90][91] Other Important Information - The company is committed to sustainability, with initiatives including sustainability-linked financing agreements and a target for 25% of its corporate vehicle fleet to be electric or hybrid by 2025 [29] - The company plans to eliminate end-of-season sales by 2023 as part of its strategy to enhance luxury positioning [112] Q&A Session Summary Question: Changes in consumer behavior due to macroeconomic conditions - Management noted that while there are concerns, luxury sector demand remains strong, particularly in North America and Europe, with a positive trend in consumer engagement [86][90] Question: Outlook for H2 and marketing spend - Management acknowledged the strong performance in H1 and indicated that the guidance for H2 is conservative, factoring in potential volatility, especially in Greater China [91][92] Question: Markdown reduction and investment quantification - The company confirmed a low incidence of markdowns in H1 and plans to eliminate markdowns across all channels by 2023 [111] - Marketing investments are expected to increase by 20-25% in 2022 and 2023, with a focus on amplifying brand visibility [119][120]

Ermenegildo Zegna N.V. (NYSE:ZGN) Q4 2021 Earnings Conference Call April 7, 2022 8:00 AM ET Company Participants Francesca Di Pasquantonio - IR Ermenegildo Zegna - CEO and Chairman Gianluca Ambrogio Tagliabue - COO and CFO Rodrigo Bazan - CEO, Thom Browne Conference Call Participants Karina Shooter - Goldman Sachs Rogerio Fujimori - Stifel Operator Hello, and welcome to the Ermenegildo Zegna Full Year 2021 Financial Results Call. My name is Alex and I'll be coordinating the call today [Operator Instructions ...

Ermenegildo Zegna Group 1 FY 2021 RESULTS April 7, 2022 Ermenegildo Zegna Group DISCLAIMER Non-IFRS Financial Measures Zegna's management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: adjusted earnings before interest and taxes ("Adjusted EBIT"), adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), Adjusted Profit/(Loss), Adjusted Basic Earnings per Share and Adjusted Diluted Earnings Per Share, Net Fin ...

Table of Contents Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d ...