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Interim Half Year 2015 16 September 2015
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Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Apr 22, 2018

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Page 1: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Interim Half Year 201516 September 2015

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Page 2: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Disclaimer

This document and the information herein does not constitute an offer to sell, to buy or to exchange, nor an invitation to makean offer to buy, to sell or to exchange, nor a recommendation or advice, regarding any security issued by the Inditex Group.

This document contains forward-looking statements. All statements other than statements of historical fact included herein,including, without limitation, those regarding our financial position, business strategy, management plans and objectives forfuture operations are forward-looking statements. Any such forward-looking statements are subject to risk and uncertaintyand thus could differ materially from actual results.

Some of these risks include, amongst others, ongoing competitive pressure in the sector, consumer tastes and spendingtrends, economic, political, regulatory and trade conditions in the markets where the Inditex Group is present or in thecountries where the Group’s products are manufactured or distributed.

The risks and uncertainties that could affect the forward-looking statements are difficult to predict. The company assumes noobligation to publicly revise or update its forward-looking statements in the case of unexpected changes, events orcircumstances that could affect them. Given the uncertainties of forward-looking statements, we caution readers not to placeundue reliance on these statements.

For a discussion of these and other factors that may affect forward looking statements and the Inditex Group’s business,financial conditions and results of operations, see the documents and information communicated by the company to theComisión Nacional del Mercado de Valores (the Spanish Securities Commission).

The contents of this disclaimer should be taken into account by all persons or entities.

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Page 3: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015 3

Overview

Page 4: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Interim Half Year 2015: Overview

Global fully integrated store & online sales platform

Satisfactory sales growth

High operational efficiency and cost control

Space growth and online launches on track

Global growth opportunities

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Page 5: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Global fully integrated Store & Online sales platform

Central inventory position

Distribution to all stores worldwide twice a week

Orders to stores and online customers in 2-48 hours

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Page 6: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Global fully integrated Store & Online sales platform

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Store & Online sales 1H2015

Europe ex-Spain 42.7%

Asia & RoW 25.2%

Spain 17.4%

Americas 14.7%

Page 7: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Financial Summary

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Page 8: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Interim Half Year 2015

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€ million 1H15 1H14 15/14

Net Sales 9,421 8,085 17%

Gross profit 5,471 4,658 17%

EBITDA 1,970 1,617 22%

EBIT 1,489 1,194 25%

Net income 1,166 928 26%

Strong operating performance

Page 9: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Strong Sales Growth

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€ million 1H15 1H14 15/14

Net Sales 9,421 8,085 17%

Strong LFL sales growth +7%

Space growth and online launches on track

Page 10: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Sales Growth Breakdown

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1H15

LFL 7%

Space Contribution 7%

Currency 2.5%

Sales growth 16.5%

Page 11: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Gross Profit

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€ million 1H15 1H14 15/14 %

Gross Profit 5,471 4,658 17% 58.1%

Gross profit growth of +17% to €5.5 bn

Sustained commercial policies

Page 12: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Tight control of operating expenses

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€ million 1H15 1H14 15/14

Op. expenses 3,502 3,036 15%

Page 13: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Flexible Business Model

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€ million 1H15 1H14

Inventory 2,171 2,016

Receivables 670 908

Payables (5,080) (4,344)

Operating working capital (2,239) (1,420)

Page 14: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Concepts

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Page 15: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Sales by Concept

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% Store & Online Sales

Page 16: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Sales by Concept

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€ million 1H15 15/14

Zara 6,140 18%

Massimo Dutti 669 9%

Bershka 839 15%

Stradivarius 595 17%

Pull&Bear 641 13%

Zara Home 293 22%

Oysho 211 13%

Uterqüe 33 5%

Total 9,421 17%

Page 17: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Concepts

Continued growth for the concepts

Strong performance of Bershka, Stradivarius and Zara Home

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Page 18: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Outlook

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Page 19: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Global Growth Opportunities

Global fully integrated Store & Online sales platform

Strong growth opportunities

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Page 20: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

Global Online Sales

Europe, US, China, Japan, Russian Federation, Mexico, South KoreaCanada

Progressive rollout in all markets

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Page 21: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

September 2015: Taiwan, Hong Kong and Macau

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East Nanjing Road

Page 22: Interim Half Year 2015 - Hispanidad Half Year 2015 3 Overview Interim Half Year 2015 Interim Half Year 2015: Overview Global fully integrated store & online sales platform Satisfactory

Interim Half Year 2015

FY2015: Outlook

Space growth and online launches on track

Ordinary capital expenditure c. €1.35 billion

Store & Online sales in local currencies have increased+16% from 1 August to 10 September 2015

Dividend payment of €0.26 per share on 3 November

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Interim Half Year 2015

Interim Half Year 201516 September 2015

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