2016 Preliminary Full Year Net Revenues 7 February, 2017

P A G E N U M B E R

2 Disclaimer This presentation has been prepared by YOOX NET-A-PORTER GROUP S.p.A. for information purposes only and for use in presentations of the Group’s results and strategies. For further details on YOOX NET-A-PORTER GROUP S.p.A., reference should be made to publicly available information. Statements contained in this presentation, particularly regarding any possible or assumed future performance of the Group, are or may be forward-looking statements based on YOOX NET-A-PORTER GROUP S.p.A.’s current expectations and projections about future events, and in this respect may involve some risks and uncertainties. Actual future results for any quarter or annual period may therefore differ materially from those expressed in or implied by these statements due to a number of different factors, many of which are beyond the ability of YOOX NET-A-PORTER GROUP S.p.A. to control or estimate precisely, including, but not limited to, the Group’s ability to manage the effects of uncertain current global economic conditions on the business and to predict future economic conditions, the Group’s ability to achieve and manage growth, the degree to which YOOX NET-A-PORTER GROUP S.p.A. enters into, maintains and develops commercial and partnership agreements, the Group’s ability to successfully identify, develop and retain key employees, manage and maintain key customer relationships and maintain key supply sources, unfavourable development affecting consumer spending, the rate of growth of the Internet and online commerce, competition, fluctuations in exchange rates, any failure of information technology, inventory and other asset risk, credit risk on the Group’s accounts, regulatory developments and changes in tax laws. YOOX NET-A-PORTER GROUP S.p.A. does not undertake any obligation to publicly release any revisions to any forward-looking statements to reflect events or circumstances after the date of this presentation. Any reference to past performance of YOOX NET-A-PORTER GROUP S.p.A. shall not be taken as an indication of future performance. This document does not constitute an offer or invitation to purchase or subscribe to any shares and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. By attending the presentation you agree to be bound by the foregoing terms. In this entire presentation, pro-forma financials refer to the pro-forma financial statements relating to the financial year ended 31 December 2015, which have been prepared by aggregating the historical data of YOOX GROUP and of THE NET-A-PORTER GROUP Limited and then carrying out adjustments for the purpose of simulating the economic effects of the merger on the operating performance of YOOX NET-A-PORTER GROUP as if such transaction had virtually occurred at the beginning of the 2015 financial year (1 January 2015). For further information on the preparation criteria of pro-forma financials and on the limits concerning the information content thereof, please refer to the information contained in the FY2015 results press release published on the Company’s website.

P A G E N U M B E R

3 Agenda

RESULTS HIGHLIGHTS AND LATEST BUSINESS DEVELOPMENTS

NET REVENUE REVIEW AND KPIs

Q&A

P A G E N U M B E R

4

Financial Highlights to 31 December 2016

4Q 2016 net revenues of €538 million, +19.2%

organic1 (+11.4% reported2), compared with

net revenues of €483 million in 4Q 2015

− Acceleration on 9M 2016 (+17.1% organic)

− Sound performance across all business

lines and key regions

FY 2016 Net Revenues of €1.9 billion, +17.7%

organic1 (+12.4% reported2) compared with

pro-forma net revenues of €1.7 billion in 2015

1. Organic net revenue growth is calculated at constant exchange rates and at comparable perimeter by including net revenues of all online stores active at the end of each period, which were also active at the beginning of the same period of the previous year 2. Reported net revenue growth calculated at current exchange rates and at actual business perimeter Note: Figures as absolute values and in percentages are calculated using precise financial data. Some of the differences found in this presentation are due to rounding of the values expressed in millions of Euro

P A G E N U M B E R

5

Key Developments

MULTI-BRAND IN-SEASON

Launch of several prestige brands – IWC Schaffhausen and PRADA on NET-A-PORTER and MR PORTER – Moncler and Tiffany & Co. on NET-A-PORTER, Giorgio Armani and Ermenegildo Zegna on MR PORTER

Debut of exclusive capsule collections, including GUCCI for NET-A-PORTER Enhancement of MR PORTER content offering Launch of MR PORTER Apple TV App NET-A-PORTER and MR PORTER named “Luxury Retailer of the Year 2016” by Luxury Daily

New 5-year global agreement with Isabel Marant for isabelmarant.com, launching in June 2017 Global debut of Chloé and Alfred Dunhill; launch of A|X Armani Exchange in US Continued outstanding performance of the JV with Kering Renewal of important partnerships: Armani until 2025; Moncler, Valentino, REDValentino and Marni until 2021 Ongoing dynamic brand portfolio management strategy

– Contracts accounting for a combined 0.8% of Group’s net revenues in 2016 not being renewed

Further enrichment of brand offering with the introduction of – Burberry Children, shop-in-shops of Polo Ralph Lauren and of Disney’s fashion collaborations with designers on

YOOX – Tom Ford, Fendi, Etro and Iris & Ink’s first footwear collection on THE OUTNET

Launch of new YOOX release, redesigned with brand positioning and user-centric shopping experience in mind Makeover of THE OUTNET, with more mobile-friendly interface and launch of its first Android native app

MULTI-BRAND OFF-SEASON

ONLINE FLAGSHIP STORES

Delivery of Integration plan on track: migration of all former YOOX Group’s online stores to new OMS and convergence towards a common ERP

PLATFORM

€100m capital increase subscribed by Alabbar Enterprises Signing of JV agreement with Alabbar for the Middle East

P A G E N U M B E R

6 Agenda

RESULTS HIGHLIGHTS AND LATEST BUSINESS DEVELOPMENTS

NET REVENUE REVIEW AND KPIs

Q&A

P A G E N U M B E R

7

€58.3m €74.3m

€175.7m €200.5m

€249.3m €263.4m

Net Revenue Review By Business Line - Fourth Quarter

Net Revenue Performance and Breakdown

Constant FX 4Q 2016 Group Growth

51.6% 12.1%

48.9%

37.3%

27.4% 0.3% 27.7%

Online Flagship StoresNet Revenue Growth

Impact of different bookingfor the JV online store sales

Online Flagship StoresGross Merchandise Growth

1. Organic net revenue growth is calculated at constant exchange rates and at comparable perimeter by including net revenues of all online stores active at the end of each period, which were also active at the beginning of the same period of the previous year. 2. Gross Merchandise Value is defined as retail value of sales of all the Online Flagship Stores, including the JV online store sales, to final customers, net of returns and customer discounts. Set-up, design and maintenance fees for the Online Flagship Stores, accounted for within “Rest of the

World and Not Country Related”, are excluded 3. Gross merchandise value organic growth is calculated at constant exchange rates and at comparable perimeter by including gross merchandise value of all Online Flagship Stores active at the end of each period, which were also active at the beginning of the same period of the previous year.

36.4%

13.8%

+30.8%

+11.6%

+16.3%

€538.2m

+14.1%

+11.4%

+27.4%

+5.7%

4Q 2015

4Q 2016 vs 4Q 2015

+15.7%

Constant FX

+30.7%

Organic1

+17.6%

+19.2%

Organic3

+34.6%

Current FX

€483.3m

Online Flagship Stores Gross Merchandise Value2 Growth

Multi-brand Off-Season Multi-brand In-Season Online Flagship Stores

P A G E N U M B E R

8

Multi-brand Off-Season Multi-brand In-Season Online Flagship Stores

€175.3m €205.3m

€596.4m €696.8m

€893.3m €968.6m

Net Revenue Review By Business Line - Full Year

Net Revenue Performance and Breakdown

€1,870.7m €1,665.0m

2016

53.7%

35.8%

51.8% 11.0%

Online Flagship Stores Gross Merchandise Value2 Growth

17.1% 3.2% 20.3%

Online Flagship StoresNet Revenue Growth

Impact of different bookingfor the JV online store sales

Online Flagship StoresGross Merchandise Growth

10.5%

37.2%

+19.0%

+13.0%

+19.5%

+17.1%

+8.4%

+12.4%

+16.8%

2015 Pro-forma

2016 vs 2015 Pro-forma

+16.0%

+21.9%

Current FX

+16.0%

+17.7%

+23.7%

1. Organic net revenue growth is calculated at constant exchange rates and at comparable perimeter by including net revenues of all online stores active at the end of each period, which were also active at the beginning of the same period of the previous year. Specifically, it excludes the performance of THE CORNER and SHOESCRIBE (combined 1.1% of Group’s 2016 net revenues) as well as of 9 mono-brand contracts which are not being renewed (combined 0.8% of Group’s 2016 net revenues), of which 3 will be terminated in 2017

2. Gross Merchandise Value is defined as retail value of sales of all the Online Flagship Stores, including the JV online store sales, to final customers, net of returns and customer discounts. Set-up, design and maintenance fees for the Online Flagship Stores, accounted for within “Rest of the World and Not Country Related”, are excluded

3. Gross merchandise value organic growth is calculated at constant exchange rates and at comparable perimeter by including gross merchandise value of all Online Flagship Stores active at the end of each period, which were also active at the beginning of the same period of the previous year. Specifically, it excludes the performance of 9 mono-brand contracts which are not being renewed (combined 0.8% of Group’s 2016 net revenues), of which 3 will be terminated in 2017

Group Growth

Constant FX Organic1

Constant FX Organic3

P A G E N U M B E R

9

(€m )

Italy 110.9 124.8 12.5% 12.6% 35.8 37.4 4.5% 4.8%

UK 263.9 269.9 2.3% 15.3% 79.6 78.2 (1.7%) 16.6%

Rest of Europe 439.5 488.1 11.1% 13.2% 121.9 134.4 10.2% 11.0%

North America 503.1 573.9 14.1% 14.0% 151.0 172.9 14.5% 13.6%

APAC 242.3 302.3 24.8% 27.1% 66.5 88.1 32.4% 36.0%

Rest of the World + NCR 105.3 111.7 6.0% 16.5% 28.4 27.2 (4.3%) 10.2%

Group Net Revenues 1,665.0 1,870.7 12.4% 16.0% 483.3 538.2 11.4% 15.7%

Net Revenue Review By Geography

1. Not Country Related

30.2%

15.8% 14.6%

6.3%

26.4%

6.7%

2015 Pro-forma 2016

30.7%

14.4% 16.2%

6.0% 6.7%

26.1%

4Q 2015

13.8%

5.9%

16.5%

31.2%

7.4%

25.2%

16.4%

5.0%

14.5%

32.1%

7.0%

4Q 2016

25.0%

Net Revenue Performance

Net Revenue Breakdown

Italy UK Rest of Europe APAC North America Rest of the World and NCR1

2015 Pro-forma 2016 % Growth

% Growth Constant FX 4Q 2015 4Q 2016 % Growth

% Growth Constant FX

1

Organic growth at

18.7%, accelerating on 9M 2016

(+15.5%)

P A G E N U M B E R

10

10.4 11.7

9.7 11.4

8.5 9.4

Key Performance Indicators1

2016 2015 Pro-forma

Dec 2015 Pro-Forma Dec 2016

2015 Pro-forma

352 334

346 339

4Q 2016 4Q 2015

-5.1% -2.0% +16.0%

2,519

2,922

4Q 2016 4Q 2015 2016

7,072

8,361

2,053 2,422

+18.2% +18.0%

# Orders (‘000) - Group

Average Order Value (€) - Group Active Customers4 (‘000) - Group5

Constant FX

1. Key performance indicators do not include the Joint Venture with Kering and the jimmychoo.com online flagship store 2. Source: Adobe Analytics for NET-A-PORTER and MR PORTER in 2016 and THE OUTNET; Adobe Analytics and Flurry for NET-A-PORTER and MR PORTER in 2015, Google Analytics for YOOX, THECORNER, SHOESCRIBE and the Online Flagship Stores "Powered by YOOX NET-A-PORTER

GROUP" 3. 2015 monthly unique visitors (“MUV”) have been restated to include the MUV from native apps, previously not tracked, for NET-A-PORTER, MR PORTER and THE OUTNET as well as to account for the change in data source used for YOOX MUV starting from November 2015. Specifically, YOOX

MUV for both 2015 and 2016 are now sourced from Google Analytics, instead of Google Analytics for the website and SiteCatalyst for the mobile site as previously used 4. Active Customer is defined as a customer who placed at least one order in the 12 preceding months. The figure reported is calculated as the sum of the Active Customers of each online store for the reporting period 5. Includes Active Customers of the Online Flagship Stores “Powered by YOOX NET-A-PORTER GROUP”

Constant FX

-1.7% +1.9%

9.1 9.7

9.5 10.4

8.2 8.7

26.7 28.8

2016 2015 Pro-forma3

10.4 11.7

9.7 11.4

8.8 9.4

29.0 32.6

+7.8%

+6.7%

+12.4%

4Q 2015 3 4Q 2016

Monthly Unique Visitors (m)2

+10.0%

+7.2%

+12.4%

+17.0%

Organic Organic

+18.2% +12.7% +6.3%

Group Growth

Multi-brand Off-Season Multi-brand In-Season Online Flagship Stores

P A G E N U M B E R

11 Agenda

RESULTS HIGHLIGHTS AND LATEST BUSINESS DEVELOPMENTS

NET REVENUE REVIEW AND KPIs

Q&A

P A G E N U M B E R

12 Appendix

ONLINE FLAGSHIP STORES POWERED BY YOOX NET-A-PORTER GROUP

SHAREHOLDER STRUCTURE

EXCHANGE RATES

P A G E N U M B E R

13 Online Flagship Stores “Powered by YOOX NET-A-PORTER GROUP”

Online Flagship Stores “Powered by YOOX NET-A-PORTER GROUP”

JVCo with Kering

alexanderwang.com

pomellato.com

barbarabui.com

moncler.com

trussardi.com

dodo.it

dsquared2.com

moschino.com

emiliopucci.com

valentino.com

stoneisland.com

marni.com

emporioarmani.com

diesel.com

jilsander.com

albertaferretti.com

justcavalli.com

y-3store.com kartell.com

ysl.com

mcq.com

bottegaveneta.com

sergiorossi.com

alexandermcqueen.com

stellamccartney.com balenciaga.com

missoni.com

redvalentino.com

lanvin.com

brioni.com

chloe.com

dunhill.com

karl.com

maisonmargiela.com

jimmychoo.com

isabelmarant.com

napapijri.com

OPENING SOON

armani.com

P A G E N U M B E R

14

Feder ico Marchet t i 7 ,581 ,814 5 .4% 5,164 ,667 3 .9% 7,581 ,814 7 .5% 5,164 ,667 5 .7%

YNAP Managem ent team and other stock option holders 5,218,656 3.7% 5,218,656 5.2%

Sub- total 12,800,470 9.0% 5,164,667 3.9% 12,800,470 12.7% 5,164,667 5.7%

Richem ont 65,599,597 46.4% 65,599,597 49.0% 25,279,391 25.0% 22,693,459 25.0%

Renzo Rosso 5,186,321 3.7% 5,186,321 3.9% 5,186,321 5.1% 5,186,321 5.7%

Alabbar Enterprises 3,571,428 2.5% 3,571,428 2.7% 3,571,428 3.5% 3,571,428 3.9%

Capital Research and Managem ent Com pany 3,288,469 2.3% 3,288,469 2.5% 3,288,469 3.3% 3,288,469 3.6%

Fidelity International 2,897,225 2.0% 2,897,225 2.2% 2,897,225 2.9% 2,897,225 3.2%

Market 48,094,259 34.0% 48,094,259 35.9% 48,094,259 47.6% 48,094,259 52.9%

To ta l Outs tanding Shares 141 ,437 ,769 100 .0% 133,801 ,966 100 .0% 101,117 ,562 100 .0% 90,895 ,828 100 .0%

Treasury Shares 17,339 0.0% 17,339 0.0% 17,339 0.0% 17,339 0.0%

To ta l Is sued Shares 141 ,455 ,108 100 .0% 133,819 ,305 100 .0% 101,134 ,901 100 .0% 90,913 ,167 100 .0%

Shareholder Structure Shareholders

Total Ordinary Capital (Voting)

Total Share Capital (Ordinary + Non-voting)

1 1

Updated as of 7 February 2017 1. Computed assuming that all of the 7,635,803 stock options granted under YOOX NET-A-PORTER GROUP S.p.A.’s stock option plans are exercised 2. Excludes Federico Marchetti 3. The number of ordinary shares is calculated assuming that Richemont converts 2,585,931 non-voting shares to ordinary shares (ratio of 1:1) in order to re-establish the maximum of 25% of shares with voting rights as stipulated by the New Bylaws

3

2

Diluted Current Diluted Current

P A G E N U M B E R

15 Exchange Rates

EUR USD 1.110 1.107 1.095 1.078 1.08 9 1.13 9 1.110 1.116 1.054

% yoy appreciation / (depreciation) vs. EUR 19.7% 0.2% 14.1% 1.6% 11.5% (5.5%) 0.8% 0.4% 3.3%0 0 0 0

EUR GBP 0.726 0.8 19 0.722 0.8 69 0.73 4 0.792 0.8 27 0.8 61 0.8 56

% yoy appreciation / (depreciation) vs. EUR 11.1% (11.4%) 9.3% (16.9%) 6.1% (8.1%) (13.9%) (14.2%) (14.3%)0 0 0 0

EUR JPY 13 4.3 14 120.197 13 2.952 117.918 13 1.070 127.900 114.050 113 .090 123 .400

% yoy appreciation / (depreciation) vs. EUR 4.5% 11.7% 7.4% 12.7% 10.8% 0.8% 20.1% 19.1% 6.2%0 0 0 0

EUR CNY 6.973 7.3 52 7.000 7.3 69 7.061 7.3 51 7.3 76 7.446 7.3 20

% yoy appreciation / (depreciation) vs. EUR 17.4% (5.2%) 9.7% (5.0%) 6.7% (9.3%) (6.0%) (4.4%) (3.5%)0 0 0 0

EUR RUB 68 .072 74.145 72.405 67.997 8 0.674 76.3 05 71.520 70.514 64.3 00

% yoy appreciation / (depreciation) vs. EUR (25.2%) (8.2%) (17.5%) 6.5% (10.3%) (18.2%) (12.8%) 3.9% 25.5%0 0 0 0

EUR HKD 8 .601 8 .592 8 .48 9 8 .3 70 8 .43 8 8 .8 28 8 .614 8 .655 8 .175

% yoy appreciation / (depreciation) vs. EUR 19.8% 0.1% 14.2% 1.4% 11.6% (5.5%) 0.7% 0.3% 3.2%0 0 0 0

EUR KRW 1,256.544 1,28 4.18 1 1,268 .03 8 1,249.517 1,28 0.78 0 1,294.8 8 0 1,278 .48 0 1,229.760 1,269.3 60

% yoy appreciation / (depreciation) vs. EUR 11.3% (2.2%) 7.1% 1.5% 3.4% (7.9%) (2.1%) 8.0% 0.9%0 0 0 0

EUR AUD 1.478 1.48 8 1.521 1.43 8 1.490 1.48 1 1.493 1.466 1.460

% yoy appreciation / (depreciation) vs. EUR (0.4%) (0.7%) (4.0%) 5.7% (0.5%) (4.4%) (2.5%) 8.7% 2.1%0 0 0 0

EUR CAD 1.419 1.466 1.462 1.440 1.512 1.474 1.43 8 1.469 1.419

% yoy appreciation / (depreciation) vs. EUR 3.4% (3.2%) (2.9%) 1.5% (7.0%) (6.8%) (3.8%) 2.3% 6.5%

- - -

Period Average End of Period

2015 4Q 2015 4Q 2016 Mar 2016 Dec 2015 Jun 2016 Sep 2016 2016 Dec 2016

Thank you T H I S D O C U ME N T I S P R O P R I E T A R Y A N D C O N F I D E N T I A L . N O P A R T O F T H I S D O C U ME N T MA Y B E D I S C L O S E D I N A N Y MA N N E R T O A T H I R D P A R T Y W I T H O U T T H E P R I O R W R I TT E N C O N S E N T O F Y O O X N E T - A - P O R T E R G R O U P

Investor Relations investor.relations@ynap.com

@ynap

www.ynap.com

Follow us:

YOOX NET-A-PORTER GROUP