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2Q 2021 Earnings Result Aug.13th 2021 History

“Leading Authentic Sports Inspired by

the Style, Elegance and Passion of our Italian Heritage”

FILA Korea & Mirae Asset Vertical demerger of Korea acquired FILA Global Investments FILA Korea and Founded by FILA trademark and global assets Consortium acquired Acushnet renamed to brothers in Biella, Italy Established FILA Korea (USD 400M LBO) Holdings Corp. (USD 1.2B LBO) FILA Holdings Corp.

1973 2005 2010 2016

1911 1991 2007 2011 2020

First sports apparel FILA Korea MBO FILA Korea IPO (081660:KS) FILA Korea became a controlling market () shareholder of Acushnet Holdings Corp.

1 Group Structure

FILA Holdings Corp. (Listed Holding Company)

100% 100% 100%

Magnus Holdings GLBH Holdings FILA Korea (Holding Company) (Acquisition Vehicle) (Korea)

52% 100%

Acushnet Holdings FILA Luxembourg 48 Licensees Corp. (Trademark Owner) (Global Royalty)

15% 100% 100%

Full Prospect FILA USA FILA Sport HK (JV with ANTA) (USA, Canada, Mexico) (In-house Sourcing)

2 FILA – A Leading Authentic Global Sports Brand

 Successfully restructured distribution channel.

 Successfully expanded into  Expanding into upper wholesale business. channels of distribution in the US  Strengthening E-commerce business.  New product launches reflecting FILA’s heritage in  Cost-competitiveness through sports and fashion. product sourcing strategy.

 Expanding D2C (Direct to  Successful product Consumer) and E-commerce collaborations with various business in the US. .

 Sponsorship with many  Successfully established FILA® as  Direct business opportunity in sports players (Ash Barty, leading high-end lifestyle casual Southeast Asia region. Timea Babos, Reilly Opelka, brand in . etc.) and tennis opens.  Successfully launched  Collaborations with , Jason Licensee business incl. Wu and Ginny Hilfiger etc. , , , Creative Recreation.  Led by ANTA, a leading sports apparel company in China, FILA® has been expanding into major markets across  Total 48 licensees China, , Macau and Singapore.

3 FILA Group Business Overview

. Apparel and based retail and wholesale distributor . Total number of stores: 490 (as of 2Q 2021) vs. 503 (as of FY 2020) FILA Korea . Multi-category: FILA, FILA KIDS, FILA UNDERWEAR, FILA Direct . Licensee business : Keds, Zoo York, Starter, Creative Recreation

. North America (U.S.A., Canada, Mexico) FILA USA . Apparel and footwear based retail and wholesale distributor

. Total 48 licensees in Asia, North America, South America and EMEA FILA Licensee . Revenue and profit contribution from licensee partners that operate the FILA branded products globally

. Joint venture (15% ownership) with ANTA Sports from 2009. Full Prospect . Offering premium sports & lifestyle products in China, Hong Kong, Macau, and Singapore . Contributes 3% of its wholesale revenue as Design Service Fee to FILA Korea Indirect

. Magnus Holdings Co., Ltd., a wholly-owned subsidiary of FILA Holdings Corp. owns approximately 51% of Acushnet Holdings Corp. as a controlling shareholder. Acushnet . Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Golf Balls, Titleist Golf Holdings Corp. Clubs, Titleist Golf Gear, and FootJoy Golf Wear. . Owned brands: Titleist, FootJoy, Vokey, , Pinnacle, Links & Kings, PG Golf, KJUS

4 Consolidated Financial Summary

3 months (Apr. - Jun.) ended 6 months (Jan. – Jun.) ended

[Unit: KRW mn] 2019 2020 Variance(%) 2021 Variance(%) 2019 2020 Variance(%) 2021 Variance(%)

Revenue 959,303 625,011 (34.8%) 1,019,354 63.1% 1,793,879 1,414,912 (21.1%) 2,007,635 41.9%

Gross Profit 499,997 326,569 (34.7%) 522,427 60.0% 917,716 708,268 (22.8%) 1,020,968 44.1%

G.P. % 52.1% 52.3% 0.2%p 51.3% (1.0%p) 51.2% 50.1% (1.1%p) 50.9% 0.8%p

O. Profit 144,872 50,281 (65.3%) 173,786 245.6% 260,722 117,422 (55.0%) 357,355 204.3%

O.P. % 15.1% 8.0% (7.1%p) 17.0% 9.0%p 14.5% 8.3% (6.2%p) 17.8% 9.5%p

Net Profit 91,972 45,520 (50.5%) 135,749 198.2% 188,182 85,020 (54.8%) 269,951 217.5%

5 Consolidated Financial Summary (2Q 2021 & 1H 2020)

FILA Group (Without Acushnet) (Unit: KRW mn)

660,238

559,389

+18.0% +23.9% 318,843 (+1.6%p) (+1.1%p) 257,361 16.3% 15.8% 14.7% 14.7%

2Q 2020 2Q 2021 1H 2020 1H 2021 Revenue OPM Revenue OPM

FILA Consolidated Financial (With Acushnet)

2,007,635

1,414,912 +41.9% (+9.5%p) 17.8% +63.1% 1,019,354 (+9.0%p)

625,011 17.0%

8.3% 8.0% 2Q 2020 2Q 2021 1H 2020 1H 2021 Revenue OPM Revenue OPM

6 FILA Group Business Overview

. Apparel and footwear based retail and wholesale distributor . Total number of stores: 490 (as of 2Q 2021) vs. 503 (as of FY 2020) FILA Korea . Multi-category: FILA, FILA KIDS, FILA UNDERWEAR, FILA GOLF Direct . Licensee business : Keds, Zoo York, Starter, Creative Recreation

. North America (U.S.A., Canada, Mexico) FILA USA . Apparel and footwear based retail and wholesale distributor

. Total 48 licensees in Asia, North America, South America and EMEA FILA Licensee . Revenue and profit contribution from licensee partners that operate the FILA branded products globally

. Joint venture (15% ownership) with ANTA Sports from 2009. Full Prospect . Offering premium sports & lifestyle products in China, Hong Kong, Macau, and Singapore . Contributes 3% of its wholesale revenue as Design Service Fee to FILA Korea Indirect

. Magnus Holdings Co., Ltd., a wholly-owned subsidiary of FILA Holdings Corp. owns approximately 51% of Acushnet Holdings Corp. as a controlling shareholder. Acushnet . Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Holdings Corp. Clubs, Titleist Golf Gear, and FootJoy Golf Wear. . Owned brands: Titleist, FootJoy, Vokey, Scotty Cameron, Pinnacle, Links & Kings, PG Golf, KJUS

7 FILA Korea Financial Summary

3 months (Apr. - Jun.) ended 6 months (Jan. – Jun.) ended

[Unit: KRW mn] 2019 2020 Variance(%) 2021 Variance(%) 2019 2020 Variance(%) 2021 Variance(%)

Revenue 160,756 142,108 (11.6%) 136,861 (3.7%) 299,819 270,934 (9.6%) 273,024 0.8%

Gross Profit 100,800 88,269 (12.4%) 84,470 (4.3%) 186,168 167,261 (10.2%) 168,762 0.9%

G.P. % 62.7% 62.1% (0.6%p) 61.7% (0.4%p) 62.1% 61.7% (0.4%p) 61.8% 0.1%p

O. Profit 31,127 28,023 (10.0%) 27,719 (1.1%) 55,295 49,582 (10.3%) 53,648 8.2%

O.P. % 19.4% 19.7% 0.4%p 20.3% 0.6%p 18.4% 18.3% (0.1%p) 19.6% 1.3%p

Net Profit 21,155 20,274 (4.2%) 20,947 3.3% 40,651 36,052 (11.3%) 42,015 16.5%

* DSF (Design Service Fee) from Full prospect (JV with ANTA Sports) is included

Full Prospect Design Service Fee Income Summary

3 months (Apr. - Jun.) ended 6 months (Jan. – Jun.) ended

[Unit: USD K] 2019 2020 Variance(%) 2021 Variance(%) 2019 2020 Variance(%) 2021 Variance(%)

Design Service Fee Income 8,235 9,529 15.7% 13,031 36.8% 14,708 15,842 7.8% 24,690 55.9%

8 Product Portfolio in Korea

9 FILA Group Business Overview

. Apparel and footwear based retail and wholesale distributor . Total number of stores: 490 (as of 2Q 2021) vs. 503 (as of FY 2020) FILA Korea . Multi-category: FILA, FILA KIDS, FILA UNDERWEAR, FILA GOLF Direct . Licensee business : Keds, Zoo York, Starter, Creative Recreation

. North America (U.S.A., Canada, Mexico) FILA USA . Apparel and footwear based retail and wholesale distributor

. Total 48 licensees in Asia, North America, South America and EMEA FILA Licensee . Revenue and profit contribution from licensee partners that operate the FILA branded products globally

. Joint venture (15% ownership) with ANTA Sports from 2009. Full Prospect . Offering premium sports & lifestyle products in China, Hong Kong, Macau, and Singapore . Contributes 3% of its wholesale revenue as Design Service Fee to FILA Korea Indirect

. Magnus Holdings Co., Ltd., a wholly-owned subsidiary of FILA Holdings Corp. owns approximately 51% of Acushnet Holdings Corp. as a controlling shareholder. Acushnet . Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Holdings Corp. Clubs, Titleist Golf Gear, and FootJoy Golf Wear. . Owned brands: Titleist, FootJoy, Vokey, Scotty Cameron, Pinnacle, Links & Kings, PG Golf, KJUS

10 FILA USA Consolidated Financial Summary

3 months (Apr. - Jun.) ended 6 months (Jan. – Jun.) ended

[Unit: USD K] 2019 2020 Variance(%) 2021 Variance(%) 2019 2020 Variance(%) 2021 Variance(%)

Revenue 141,568 56,453 (60.1%) 113,525 101.1% 281,583 162,602 (42.3%) 245,809 51.2%

Gross Profit 47,417 18,051 (61.9%) 30,104 66.8% 96,874 50,978 (47.4%) 65,669 28.8%

G.P. % 33.5% 32.0% (1.5%p) 26.5% (5.5%p) 34.4% 31.4% (3.0%p) 26.7% (4.7%p)

O. Profit 13,455 (5,026) N/A 1,282 N/A 22,537 1,651 (92.7%) 4,830 192.5%

O.P. % 9.5% (8.9%) N/A 1.1% N/A 8.0% 1.0% (7.0%p) 2.0% 1.0%p

Net Profit 9,564 (4,403) N/A 464 N/A 15,475 (994) N/A 2,377 N/A

11 Product Portfolio in USA

12 FILA Group Business Overview

. Apparel and footwear based retail and wholesale distributor . Total number of stores: 490 (as of 2Q 2021) vs. 503 (as of FY 2020) FILA Korea . Multi-category: FILA, FILA KIDS, FILA UNDERWEAR, FILA GOLF Direct . Licensee business : Keds, Zoo York, Starter, Creative Recreation

. North America (U.S.A., Canada, Mexico) FILA USA . Apparel and footwear based retail and wholesale distributor

. Total 48 licensees in Asia, North America, South America and EMEA FILA Licensee . Revenue and profit contribution from licensee partners that operate the FILA branded products globally

. Joint venture (15% ownership) with ANTA Sports from 2009. Full Prospect . Offering premium sports & lifestyle products in China, Hong Kong, Macau, and Singapore . Contributes 3% of its wholesale revenue as Design Service Fee to FILA Korea Indirect

. Magnus Holdings Co., Ltd., a wholly-owned subsidiary of FILA Holdings Corp. owns approximately 51% of Acushnet Holdings Corp. as a controlling shareholder. Acushnet . Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Holdings Corp. Clubs, Titleist Golf Gear, and FootJoy Golf Wear. . Owned brands: Titleist, FootJoy, Vokey, Scotty Cameron, Pinnacle, Links & Kings, PG Golf, KJUS

13 FILA Global Royalty Summary

3 months (Apr. - Jun.) ended 6 months (Jan. – Jun.) ended

[Unit: USD K] 2019 2020 Variance(%) 2021 Variance(%) 2019 2020 Variance(%) 2021 Variance(%)

Asia 4,527 2,906 (35.8%) 3,751 29.0% 9,035 7,409 (18.0%) 8,020 8.2%

North America 1,892 875 (53.8%) 2,484 183.9% 3,511 2,313 (34.1%) 4,051 75.2%

South America 1,196 417 (65.1%) 1,680 302.4% 2,362 1,191 (49.6%) 2,218 86.2%

EMEA 9,429 5,214 (44.7%) 6,742 29.3% 18,381 13,808 (24.9%) 13,426 (2.8%)

Others 512 498 (2.7%) 705 41.4% 971 945 (2.7%) 1,338 (41.6%)

Total (Int_Adj) 17,557 9,911 (43.5%) 15,361 55.0% 34,260 25,666 (25.1%) 29,052 13.2%

14 Global License Business

Global License Structure (48 licensees) General License Conditions

 Licensing contract period is 5 ~10 years FILA Luxembourg (Trademark owner)  average 6-7% of FILA’s wholesale revenue generated from each licensee  Each licensee has minimum guaranteed royalty (MGR) based on the forecasted revenue North South Global Asia EMEA America America Product  Semi-annual Global Collaboration Meetings (GCM) held to set broad, global strategic guidelines among all licensees  9 regional  12 regional  1 master  11 regional  15 category licensees licensees licensee licensees licensee

15 Consolidated Balance Sheet (K-IFRS)

Consolidated Balance Sheet (K-IFRS) (unit: KRW mn)

2Q 2021 YE 2020 YE 2019 Assets 4,063,870 3,758,441 3,770,249 Current Assets 1,930,637 1,686,064 1,586,810 Cash and cash equivalents 593,499 470,648 232,032 Trade and other receivables 695,644 518,469 521,047 Inventories 552,331 615,552 735,481 Other current assets 89,163 81,395 98,250 Non-current Assets 2,133,233 2,072,377 2,183,439 Property and equipment 411,352 405,236 439,052 Intangible assets 1,493,281 1,450,747 1,547,923 Other non-current assets 228,600 216,394 196,464 Liabilities 1,845,604 1,901,113 1,969,306 Current Liabilities 930,728 995,460 867,356 Trade and other payables 471,737 407,881 413,004 Borrowings 276,039 355,990 236,394 Bonds - - 63,568 Other current liabilities 182,951 231,589 154,389 Non-current Liabilities 914,876 905,654 1,101,950 Borrowings 414,250 507,117 611,690 Other non-current liabilities 500,626 398,537 490,259 Total Equity 2,218,266 1,857,328 1,800,944

16 Appendix – Financial Summary

I. FILA Korea (unit: KRW mn)

3 months (Apr. - Jun.) ended 6 months (Jan. - Jun.) ended 2019 2020 Variance(%) 2021 Variance(%) 2019 2020 Variance(%) 2021 Variance(%) Revenue 160,756 142,108 (11.6%) 136,861 (3.7%) 299,819 270,934 (9.6%) 273,024 0.8% Gross Profit 100,800 88,269 (12.4%) 84,470 (4.3%) 186,168 167,261 (10.2%) 168,762 0.9% G.P.% 62.7% 62.1% (0.6%p) 61.7% (0.4%p) 62.1% 61.7% (0.4%p) 61.8% 0.1%p O.Profit 31,127 28,023 (10.0%) 27,719 (1.1%) 55,295 49,582 (10.3%) 53,648 8.2% O.P.% 19.4% 19.7% 0.4%p 20.3% 0.6%p 18.4% 18.3% (0.1%p) 19.6% 1.3%p Net Profit 21,155 20,274 (4.2%) 20,947 3.3% 40,651 36,052 (11.3%) 42,015 16.5%

I-a. Full Prospect Design Service Fee Income (unit: USD'000)

3 months (Apr. - Jun.) ended 6 months (Jan. - Jun.) ended 2019 2020 Variance(%) 2021 Variance(%) 2019 2020 Variance(%) 2021 Variance(%) Design Service Fee 8,235 9,529 15.7% 13,031 36.8% 14,708 15,842 7.8% 24,690 55.9%

◆ 2Q Revenue (approx. -KRW 8.5bn) - Resulted from continuing depression on market demand due to COVID-19 outbreak - Benefitted from the increase in Design Service Fee Income from Full Prospect

◆ 2Q Gross Profit (approx. +KRW 5.3bn) - Resulted from increased sales contribution from the wholesale channels and DFS - Partially offset by increased Design Service Fee Income from Full Prospect

◆ 2Q Operating Profit (approx. +KRW 4.4bn) - Resulted from increased A&P specifically for the newly launched performance products and TV commercials - Partially offset by increased Design Service Fee Income from Full Prospect

17 Appendix – Financial Summary

II. FILA USA Consolidated (unit: USD'000)

3 months (Apr. - Jun.) ended 6 months (Jan. - Jun.) ended 2019 2020 Variance(%) 2021 Variance(%) 2019 2020 Variance(%) 2021 Variance(%) Revenue 141,568 56,453 (60.1%) 113,525 101.1% 281,583 162,602 (42.3%) 245,809 51.2% Gross Profit 47,417 18,051 (61.9%) 30,104 66.8% 96,874 50,978 (47.4%) 65,669 28.8% G.P.% 33.5% 32.0% (1.5%p) 26.5% (5.5%p) 34.4% 31.4% (3.0%p) 26.7% (4.7%p) O.Profit 13,455 (5,026) N/A 1,282 N/A 22,537 1,651 (92.7%) 4,830 192.5% O.P.% 9.5% (8.9%) N/A 1.1% N/A 8.0% 1.0% (7.0%p) 2.0% 1.0%p Net Profit 9,564 (4,403) N/A 464 N/A 15,475 (994) N/A 2,377 N/A

◆ 2Q Revenue (approx. +USD 57.1M) - Resulted from improved market sentiment supported by COVID-19 vaccination and low base effect

◆ 2Q Gross Profit Margin(YoY -4.6%p) - Resulted from increased sales mix of lower margin channel and increased freight cost from the constraint of supply capacity - Resulted from increased cost of raw material and shortage of the capacity of Chinese factories which was affected from the COVID-19 shutdown

III. Global Royalty (unit: USD'000)

3 months (Apr. - Jun.) ended 6 months (Jan. - Jun.) ended 2019 2020 Variance(%) 2021 Variance(%) 2019 2020 Variance(%) 2021 Variance(%) Asia 4,527 2,906 (35.8%) 3,751 29.0% 9,035 7,409 (18.0%) 8,020 8.2% North America 1,892 875 (53.8%) 2,484 183.9% 3,511 2,313 (34.1%) 4,051 75.2% South America 1,196 417 (65.1%) 1,680 302.4% 2,362 1,191 (49.6%) 2,218 86.2% EMEA 9,429 5,214 (44.7%) 6,742 29.3% 18,381 13,808 (24.9%) 13,426 (2.8%) Category 512 498 (2.7%) 705 41.4% 971 945 (2.7%) 1,338 (41.6%) Total(Int_Adj) 17,557 9,911 (43.5%) 15,361 55.0% 34,260 25,666 (25.1%) 29,052 13.2%

◆ 2Q All Regions (approx. +USD 5.5M) - Resulted from improved market sentiment supported by COVID-19 vaccination and low base effect

◆ 2Q North America (approx. +USD 1.6M) - Resulted from sales recovery of major licensee partners benefitted by COVID-19 vaccination and the U.S. market sentiment improvement

18 Appendix – Financial Summary

IV. Consolidated Financial (unit: KRW mn)

3 months (Apr. - Jun.) ended 6 months (Jan. - Jun.) ended 2019 2020 Variance(%) 2021 Variance(%) 2019 2020 Variance(%) 2021 Variance(%) Revenue 959,303 625,011 (34.8%) 1,019,354 63.1% 1,793,879 1,414,912 (21.1%) 2,007,635 41.9% Gross Profit 499,997 326,569 (34.7%) 522,427 60.0% 917,716 708,268 (22.8%) 1,020,968 44.1% G.P.% 52.1% 52.3% 0.2%p 51.3% (1.0%p) 51.2% 50.1% (1.1%p) 50.9% 0.8%p O.Profit 144,872 50,281 (65.3%) 173,786 245.6% 260,722 117,422 (55.0%) 357,355 204.3% O.P.% 15.1% 8.0% (7.1%p) 17.0% 9.0%p 14.5% 8.3% (6.2%p) 17.8% 9.5%p Net Profit 91,972 45,520 (50.5%) 135,749 198.2% 188,182 85,020 (54.8%) 269,951 217.5%

◆ 2Q Revenue (approx. +KRW 394.3bn) - Resulted from revenue increase from FILA Group (approx. +KRW 61.5bn) and Acushnet Holdings Corp. (approx. +KRW 330.0bn)

◆ 2Q Operating Profit (approx. +KRW 123.5bn) - Resulted from operating profit increase from FILA Group (approx. +KRW 14.0bn) and Acushnet Holdings Corp. (approx. +KRW 108.2bn)

◆ 2Q Net Profit (approx. +KRW 90.2bn) - Resulted from net profit increase from FILA Group (approx. +KRW 33.4bn) and Acushnet Holdings Corp. (approx. +KRW 82.9bn) - Adjusted deferred tax(approx. –KRW 2.6bn) and others including internal transactions(approx. –KRW 25.4bn)

19 Disclaimer

This document includes information provided for the purpose of helping to understand the business, strategies, and financial situation of FILA Holdings Corporation

(hereinafter referred to as “FILA”) and its group companies. It was not created to solicit investors to buy or sell FILA's stock. The uses of this document are advised to make

their own investment decisions and responsibility. This document has been prepared for presentation, illustration and discussion purpose only and is not legally binding.

Investment involves risk. Past performance figures are not indicative of future performance. Please carefully read through the documents and seek independent professional

advice before you make any investment decision. FILA has made every effort to ensure the accuracy of the information contained in this document. However, FILA does not

guarantee the appropriateness, accuracy, usefulness or any other matter whatsoever regarding the information. Regardless of the reason, FILA assumes no responsibility,

whatsoever, for any loss or damages resulting from changes, suspension or deletion of information contained on the document, or from the unauthorized alteration of said

information by a third party, or for damage resulting from the downloading or the use of the data.

The information described in this document may contain forward-looking statements concerning the future performance excluding the past and present fact. These forward-

looking statements contain risks and uncertainties, and do not guarantee future performance. Please note that forward-looking statements may differ from actual results

depending on changes in economic status, market trends and tax and the other systems. Please note that this document may be discontinued or terminated and that the

contents may be altered without advance notice. In addition, this document may not be readily accessible at certain times due to internal or external circumstances. It should

be recognized in advance that FILA assumes no responsibility for any trouble, loss, or damage caused thereby.

20