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Gucci Group

PPR Swiss Tour December 12, 2002

IMPORTANT NOTICE

Under the safe harbor provisions to the U.S. Private Securities Litigation Reform Act of 1995, the Company cautions investors that any forward-looking statements or projections made by the Company, including those made in this document, are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Factors that may affect the Company's operations are discussed in the Company's Annual Report on Form 20-F for 2001, as amended, filed with the U.S. Securities and Exchange Commission.

Gucci Group profile

AN INTERNATIONAL COMPANY

Tradition: Incorporation: Listing: Senior management: Workforce: Revenues: Distribution: Clients:

Italian The Netherlands NYSE and Euronext Amterdam (AEX index) Mixture of many nationalities 10,000 employees in 29 countries Euro 2.6 billion (51 countries) 340 directly-operated stores in 20 countries (Oct 2002) Predominantly European and Asian

GUCCI GROUP DIVISIONS

GUCCI GROUP 100% Gucci 100% Yves Saint Laurent 70% Sergio Rossi 78.5% Bottega Veneta 51% Alexander McQueen 50% Stella McCartney 91% Balenciaga ACCESSORIES, RTW, SHOES

* **

100% YSL Beauté Yves Saint Laurent Roget & Gallet Boucheron Alexander McQueen* Stella McCartney * Ermenegildo Zegna * * Oscar de la Renta * * Van Cleef & Arpels * * Fendi * *

100% Luxury Timepieces International (LTI) - Gucci - Boucheron - Yves Saint Laurent Boucheron 100%

Bédat & Co.

85%

Luxury Timepieces Manufacturing (LTM) Luxury Timepieces Design (LTD)

100%

FRAGRANCES & COSMETICS

WATCHES

JEWELRY

Intra-Group license Third party license

GUCCI GROUP PERFORMANCE: 1994-2001

CAGR 1994-2001 US$ Million

Group Revenues Gucci Division Revenues Group Operating Profit *

36.1% 28.4% 40.8%

2,258.5

2,285.0

Revenues: Gucci Division Revenues: Acquired Brands Operating Profit *

* Before goodwill and trademark amortization

1,514.5 1,494.5

1,236.1 975.4 880.7 1,042.5

1,187.0

500.1 263.6 32.4

1994 1995 1996 1997 1998 1999

121.1

239.1

237.4

246.5

273.2

408.4

355.1

2000

2001

OUTSTANDING BRANDS AND PRODUCTS

Other Operations 12% Yves Saint Laurent 6%

Group Revenues by Division: 1H 2002

YS Beauté L 20%

Gucci 62%

BRANDS

Core brand Next core brand Upcoming brands Promising designer brands Gucci Yves Saint Laurent Boucheron, Sergio Rossi, Bottega Veneta; Bédat & Co. Stella McCartney; Alexander McQueen; Balenciaga

POSITION

Soft goods Hard goods leading industry position development of jewelry and watch business

Gucci Group distribution

GUCCI GROUP REVENUES: CHANNEL

REVENUES BY CHANNEL: 2001

RETAIL SALES (US$ mn)

Group CAGR 1997-2001: +15.7% Gucci CAGR 1997-2001: +12.6%

Royalties 2%

784 644 655

1,098

1,154

1,028 778

1,036

Wholesale 47%

Retail Sales 51%

1997

1998

1999

2000

2001

· ·

Gucci Division 90% of Group retail sales Gucci Division retail sales: +60.9% between 1997 and 2001

GUCCI GROUP REVENUES: REGION

GROUP REVENUES BY REGION 2001: US$ 2,285 mn

Rest of Asia 13% Rest of world 5%

EUROPE REVENUES BY DIVISION 2001: US$ 927.3 mn

YS Beauté L 31%

J apan 20%

E urope 41%

Gucci 51%

YSL 5% Other 13%

United States 21%

Europe DOS

WW DOS

North America Europe - Switzerland Japan Rest of Asia TOTAL

Group

58 111 5 109 58 336

Gucci

32 50 4 46 45 173

Gucci Yves Saint Laurent Sergio Rossi Bottega Veneta Boucheron Balenciaga TOTAL

50 23 17 13 7 1 111

Number of stores as at October 31, 2002

GUCCI GROUP: RETAIL NETWORK DEVELOPMENT

DOS (YEAR END) North America Europe Japan Rest of Asia Total

2002E 62 120 113 59 354

2001 48 102 92 53 295

2000 33 74 56 41 204

1999 31 63 35 30 159

· ·

Dos network more than doubled to 354 stores in the 1999-2002E period Gucci Division stores 50% total

EUROPE RETAIL: OTHER BRANDS

Brand: 2002 Dos openings Yves Saint Laurent

Milan Montenapoleone Capri

Month

December March

Boucheron

Milan Montenapoleone London Bond Street Capri St. Tropez December November March May

Bottega Veneta

Milan Montenapoleone London Bond Street Paris Rue Faubourg December September July

Sergio Rossi

London Bond Street March

EUROPE RETAIL: GUCCI

2002 DOS Openings Month

Milan Montenapoleone November Paris Ave. Montaigne September Florence 2 Bon Genie Rome 3 Venice 3 St. Moritz Location Italy France United Kingdom Switzerland Other Total

* October 31, 2002

GUCCI RETAIL SALES 1997-2001 (US$)

213 177 186

289 266

February August December December December Stores 21 9 5 4 11 50

1997 1998 1999 2000

2001

SWITZERLAND RETAIL: GUCCI

Location Geneva Zurich Bon Genie St. Moritz Mendrisio

Opened June 97 July 98 Aug 02 Dec 02 Dec 95

Format B&A plus Sofield Sofield Sofield Outlet

Information

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