Half Year 2022 Brunello Cucinelli SpA Corporate Sales Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Paola Carboni - Equita SIM S.p.A., Research Division - Analyst : I have 4 quick questions. First of all, have you noticed in the past quarters a different performance between Tier 2 and main cities, Of course, considering Europe and United States? Then another question on the multi-brand, positive mood there. I was wondering to what extent you have a feeling that this positive mood is translating into higher market share for you and knowing that the environment could slow down the scenario could slow down or whether you -- these multi-brands still believe that there is a supportive context? So whether this mood has to do with the market or your brand, with the strength that you have? Then 1 question on pricing. Unidentified Company Representative So no changes in price during the season, but if we thought about '23 spring/summer, that we already presented. We already sold it Paola. Yes, already sold.

Question: Paola Carboni - Equita SIM S.p.A., Research Division - Analyst : And the last question, we saw 3 openings of stores in the first half. Do we need -- what about the second half of the year? Unidentified Company Representative Yes, we have a beautiful store. We are about to open in Palo Alto for the Silicon Valley customers. And then we have the renewal in (inaudible) and 1 in the Emirates. So 2 openings and 1 refurbishment. Actually on expansion into Zurich. So these are plans. We are pretty confident. Of course, REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 14, 2022 / 4:00PM, BCU.MI - Half Year 2022 Brunello Cucinelli SpA Corporate Sales Call the product is key. The question always is whether your product is contemporary that you see we have no issues in terms of production. Very often, we complaint about deliveries, but very few people have taken on risks. So you see you need to procure ahead, for example, the fabric for your shirts. You need to procure them ahead.