<SEC-DOCUMENT>0001648416-22-000147.txt : 20220802
<SEC-HEADER>0001648416-22-000147.hdr.sgml : 20220802
<ACCEPTANCE-DATETIME>20220802092843
ACCESSION NUMBER:		0001648416-22-000147
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220630
FILED AS OF DATE:		20220802
DATE AS OF CHANGE:		20220802

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ferrari N.V.
		CENTRAL INDEX KEY:			0001648416
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37596
		FILM NUMBER:		221127112

	BUSINESS ADDRESS:	
		STREET 1:		VIA ABETONE INFERIORE N. 4
		CITY:			MARANELLO
		STATE:			L6
		ZIP:			I-41053
		BUSINESS PHONE:		00390536949111

	MAIL ADDRESS:	
		STREET 1:		VIA ABETONE INFERIORE N. 4
		CITY:			MARANELLO
		STATE:			L6
		ZIP:			I-41053

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW BUSINESS NETHERLANDS N.V.
		DATE OF NAME CHANGE:	20150717
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>coverfnvq22022resultspr.htm
<DESCRIPTION>6-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
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<title>Document</title></head><body><div id="ic44232acfde64f1d80f185b996035531_1"></div><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%">UNITED STATES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%"> </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Washington, D.C. 20549</font></div><div style="margin-bottom:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">_______________________________</font></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%">FORM 6-K</font></div><div style="margin-bottom:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">_______________________________</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%">REPORT OF FOREIGN PRIVATE ISSUER </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%">PURSUANT TO RULE 13a-16 OR 15d-16 OF </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%">THE SECURITIES EXCHANGE ACT OF 1934</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">For the month of August 2022</font></div><div style="margin-bottom:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Commission File No. 001-37596</font></div><div style="margin-bottom:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">_______________________________</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FERRARI N.V. </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(Translation of Registrant&#8217;s Name Into English)</font></div><div style="margin-bottom:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">_______________________________</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Via Abetone Inferiore n.4</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">I-41053 Maranello (MO)</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Italy</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Tel. No.&#58; +39 0536 949111</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(Address of Principal Executive Offices)</font></div><div style="margin-bottom:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">_______________________________</font></div><div style="margin-bottom:6pt;text-align:center"><font><br></font></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)</font></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Form 20-F </font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:8pt;font-weight:400;line-height:120%">x</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> Form 40-F </font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:8pt;font-weight:400;line-height:120%">o</font></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(1)&#58; </font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:8pt;font-weight:400;line-height:120%">o</font></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(7)&#58; </font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:8pt;font-weight:400;line-height:120%">o</font></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</font></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Yes </font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:8pt;font-weight:400;line-height:120%">o</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">  No </font><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:8pt;font-weight:400;line-height:120%">x</font></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g32(b)&#58; N&#47;A</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%">&#160;&#160;&#160;&#160;</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:174%">The following exhibit is furnished herewith&#58;</font></div><div style="padding-left:90pt;text-indent:-65.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Exhibit 99.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Press release issued by Ferrari N.V. dated August 2, 2022.</font></div><div style="padding-left:90pt;text-indent:-65.25pt"><font><br></font></div><div style="margin-bottom:6pt;padding-left:90pt;text-indent:-65.25pt"><font><br></font></div><div style="margin-bottom:6pt;padding-left:90pt;text-indent:-65.25pt"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;padding-left:90pt;text-indent:-65.25pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">SIGNATURE</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:174%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:91.081%"><tr><td style="width:1.0%"></td><td style="width:45.127%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.765%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.512%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Date&#58;  August 2, 2022</font></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">FERRARI N.V.</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:21pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">By&#58;</font></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;&#47;s&#47; Antonio Picca Piccon</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Name&#58;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Antonio Picca Piccon</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Title&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Chief Financial Officer</font></td></tr></table></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">Index of Exhibits</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Exhibit</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Number</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Description of Exhibit</font></div><div style="padding-left:49.5pt;text-indent:-47.25pt"><font><br></font></div><div style="padding-left:49.5pt;text-indent:-47.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">99.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Press release issued by Ferrari N.V. dated August 2, 2022.</font></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>fnvq22022results.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
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<title>Document</title></head><body><div id="ief80cfe1c6b34f21b47667e445403041_1"></div><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%">&#160;&#160;&#160;&#160;</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:1.5pt"><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:11pt;font-weight:700;line-height:100%">EXHIBIT 99.1</font></div><div style="padding-left:0.36pt;text-indent:-0.36pt"><font><br></font></div><div><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:12pt;font-weight:400;line-height:112%">A QUARTER OF RECORDS, 2022 GUIDANCE REVISED UPWARD</font></div><div><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:12pt;font-weight:400;line-height:112%">ON ALL METRICS</font></div><div style="padding-left:0.36pt;text-indent:-0.36pt"><font><br></font></div><div style="padding-left:17.85pt;text-indent:-17.85pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%;padding-left:14.07pt">Total shipments of 3,455 units, up 28.7% versus Q2 2021 </font></div><div style="padding-left:17.85pt;text-indent:-17.85pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:181%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%;padding-left:15.05pt">Net revenues of Euro 1,291 million, up 24.9% versus prior year</font></div><div style="padding-left:17.85pt;text-indent:-17.85pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:181%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%;padding-left:15.05pt">EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:181%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%"> of Euro 446 million, up 15.5% versus prior year </font></div><div style="padding-left:17.85pt;text-indent:-17.85pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:181%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%;padding-left:15.05pt">EBIT of Euro 323 million, up 17.8% versus prior year </font></div><div style="padding-left:17.85pt;text-indent:-17.85pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:181%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%;padding-left:15.05pt">EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:181%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%"> margin of 34.6% and EBIT margin of 25.0%, in line with full year targets</font></div><div style="padding-left:17.85pt;text-indent:-17.85pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:181%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%;padding-left:15.05pt">Net profit of Euro 251 million and diluted EPS</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:181%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%"> at Euro 1.36</font></div><div style="padding-left:17.85pt;text-indent:-17.85pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:181%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%;padding-left:15.05pt">Industrial free cash flow</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:181%;position:relative;top:-2.8pt;vertical-align:baseline">(1) </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%">generation of Euro 79 million, implying the best ever Q2 in terms of operating performance before taxes</font></div><div style="margin-top:3pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%">&#8220;Ferrari continues a phase of strong growth, with quarterly record results in terms of revenues, EBITDA and EBIT. The quality of the first six months and the robustness of our business allows us to revise upward the 2022 guidance on all metrics. Also the net order intake reached a new record level in the quarter&#8221; &#8211; commented Benedetto Vigna, Chief Executive Officer of Ferrari. &#8220;The last quarter was also notable for the unique memories generated by our 75th anniversary celebrations and the Cavalcades, which raised the experiences we offer clients for sharing the passion and spirit of Ferrari to new levels as we continue to push the boundaries.&#8221;</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.114%"><tr><td style="width:1.0%"></td><td style="width:5.707%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.707%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.674%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.043%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:43.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.615%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.615%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.102%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.806%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(In Euro million,</font></td><td colspan="12" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">unless otherwise stated)</font></td><td colspan="12" style="border-bottom:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">3,455</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2,685</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">770</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">29%</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Shipments (in units)</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">6,706</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">5,456</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,250</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">23%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,291</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,035</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">256</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">25%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Net revenues</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2,477</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2,046</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">431</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">21%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">446</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">386</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">60</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">15%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(1) </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#47; Adj. EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">869</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">762</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">107</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">14%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">34.6%</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">37.4%</font></td><td colspan="6" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(280 bps)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(1) </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#47; Adj. EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> margin</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">35.1%</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">37.3%</font></td><td colspan="6" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(220 bps)</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">323</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">274</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">49</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">18%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">EBIT &#47; Adj. EBIT</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">630</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">540</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">90</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">17%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">25.0%</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">26.5%</font></td><td colspan="6" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(150 bps)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">EBIT &#47; Adj. EBIT</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> margin</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">25.4%</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">26.4%</font></td><td colspan="6" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(100 bps)</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">251</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">206</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">45</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">22%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Net profit &#47; Adj. net profit</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">490</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">412</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">78</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">19%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.36</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.11</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">0.25</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">23%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Basic EPS (in Euro) &#47; Adj. basic EPS</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> (in Euro)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2.66</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2.22</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">0.44</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">20%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.36</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.11</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">0.25</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">23%</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Diluted EPS (in Euro) &#47; Adj. diluted EPS</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> (in Euro)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2.65</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2.22</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">0.43</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">19%</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">1 </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%"> Refer to specific paragraph on non-GAAP financial measures</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:700;line-height:100%"> </font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.702%"><tr><td style="width:1.0%"></td><td style="width:24.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.621%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.992%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:115%">Ferrari N.V.</font></div><div><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:115%">Amsterdam, The Netherlands</font></div><div><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:115%">Registered Office&#58;</font></div><div><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:115%">Via Abetone Inferiore N. 4, </font></div><div><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:115%">I &#8211; 41053 Maranello (MO) Italy</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:115%">Dutch trade registration number&#58;</font></div><div><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:115%">64060977</font></div><div><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><img alt="corporateweb.jpg" src="corporateweb.jpg" style="height:120px;margin-bottom:5pt;vertical-align:text-bottom;width:28px"></div></td></tr></table></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Maranello (Italy), August 2, 2022</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> &#8211; Ferrari N.V. (NYSE&#47;EXM&#58; RACE) (&#8220;Ferrari&#8221; or the &#8220;Company&#8221;) today announces its consolidated preliminary results</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> for the second quarter and six months ended June 30, 2022.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Shipments</font><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:5.2pt;font-weight:700;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(3)(4)</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.114%"><tr><td style="width:1.0%"></td><td style="width:6.766%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.254%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.464%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.293%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.766%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.254%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.467%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Shipments</font></td><td colspan="12" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="12" style="border-bottom:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(units)</font></td><td colspan="12" style="border-bottom:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,397</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,337</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">60</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">4%</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">EMEA</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">3,140</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2,796</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">344</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">12%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,053</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">649</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">404</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">62%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Americas</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,711</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,404</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">307</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">22%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">358</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">166</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">192</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">116%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Mainland China, Hong Kong and Taiwan</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">643</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">360</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">283</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">79%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">647</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">533</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">114</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">21%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Rest of APAC</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,212</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">896</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">316</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">35%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">3,455</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2,685</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">770</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">29%</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Total Shipments</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">6,706</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">5,456</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1,250</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">23%</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Shipments totaled 3,455 units in Q2 2022, up 770 units or 28.7% versus the prior year. </font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">The product portfolio in the quarter included seven internal combustion engine (ICE)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(5)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> models and three hybrid engine models, which represented 83% and 17% of total shipments, respectively.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">In line with plans, the shipments increase during the quarter was driven by the Ferrari Portofino M and the F8 family. In the quarter, the first deliveries of the 296 GTB commenced and the 812 Competizione was in ramp up phase. The Ferrari Monza SP1 and SP2 reached the end of their limited-series run in the first quarter of 2022. </font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">All geographic regions positively contributed in the quarter. EMEA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> was up 4.5%, Americas</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> increased 62.2%, Mainland China, Hong Kong and Taiwan more than doubled (+115.7%) in line with the strength of the demand, and Rest of APAC</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> grew by 21.4%.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">2 &#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%">These results have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board and IFRS as endorsed by the European Union</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">3 &#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%">Excluding the XX Programme, racing cars, one-off and pre-owned cars </font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">4 &#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%">EMEA includes&#58; Italy, UK, Germany, Switzerland, France, Middle East (includes the United Arab Emirates, Saudi Arabia, Bahrain, Lebanon, Qatar, Oman and Kuwait), Africa and the other European markets not separately identified&#59; Americas includes&#58; United States of America, Canada, Mexico, the Caribbean and Central and South America&#59; Rest of APAC mainly includes&#58; Japan, Australia, Singapore, Indonesia, South Korea, Thailand, India and Malaysia</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%">It includes one ICE track car model</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">2</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:181%">Total net revenues</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.820%"><tr><td style="width:1.0%"></td><td style="width:6.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.050%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.942%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.706%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)</font></td><td colspan="12" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="12" style="border-bottom:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="border-bottom:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="6" style="padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">at constant</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="6" style="padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">at constant</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="6" style="padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">currency</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="6" style="padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">currency</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,100</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">881</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">25%</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">21%</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Cars and spare parts</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(6)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2,112</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,736</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">22%</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">20%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">41</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">45</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(8%)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(8%)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Engines</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(7)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">78</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">90</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(13%)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(13%)</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">117</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">91</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">29%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">23%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Sponsorship, commercial and brand</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(8)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">226</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">182</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">25%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">20%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">33</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">18</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">78%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">68%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Other</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(9)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">61</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">38</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">59%</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">52%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1,291</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1,035</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">25%</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">21%</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Total net revenues</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2,477</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2,046</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">21%</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">19%</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Net revenues for the second quarter of 2022 were Euro 1,291 million, up 24.9% or 21.1% at constant currency</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Revenues from Cars and spare parts</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(6)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> were Euro 1,100 million (up 25.0% or 21.4% at constant currency</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">), thanks to higher volumes and the contribution from personalizations.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">The decrease in Engines</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(7)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> revenues (Euro 41 million, down 8.5%, also at constant currency</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">) was attributable to lower shipments to Maserati, as the 2023 contract expiration gets closer.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Sponsorship, commercial and brand</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(8)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> revenues reached Euro 117</font><font style="color:#ff0000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">million, up 29.5% or 23.2% at constant currency</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> mainly attributable to the better prior year Formula 1 ranking and the contribution from lifestyle activities, partially offset by lower sponsorship.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Other</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(9)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> revenues increased to Euro 33 million (up 78.4% or 68.5% at constant currency</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">) mainly due to other supporting activities.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Currency &#8211; including translation and transaction impacts as well as foreign currency hedges &#8211; had a positive impact of Euro 41 million, mostly related to US Dollar and Chinese Yuan.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">6 &#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%">Includes net revenues generated from shipments of our cars, any personalization net revenues generated on cars, as well as sales of spare parts</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">7 &#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%">Includes net revenues generated from the sale of engines to Maserati for use in their cars, and the revenues generated from the rental of engines to other Formula 1 racing teams</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">8 &#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%">Includes net revenues earned by our Formula 1 racing team through sponsorship agreements and our share of the Formula 1 World Championship commercial revenues, as well as revenues generated through the Ferrari brand, including merchandising, licensing and royalty income</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">9</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%">Primarily relates to financial services activities, management of the Mugello racetrack and other sports-related activities</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"> </font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">3</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:181%">EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:5.2pt;font-weight:700;line-height:181%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:181%"> and EBIT </font></div><div style="margin-top:6pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.114%"><tr><td style="width:1.0%"></td><td style="width:9.490%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.490%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.977%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.977%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.113%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.733%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.884%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.892%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.006%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)</font></td><td colspan="15" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="12" style="border-bottom:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="6" style="padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">at constant</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">at constant</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="6" style="padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">currency</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">currency</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">446</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">386</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">15%</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">8%</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">869</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">762</font></td><td colspan="6" style="border-bottom:1pt solid #999999;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">14%</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">10%</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">323</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">274</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #a6a6a6;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">18%</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #a6a6a6;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">7%</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #a6a6a6;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">EBIT</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">630</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">540</font></td><td colspan="6" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">17%</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">11%</font></td></tr></table></div><div style="margin-top:6pt"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Q2 2022 EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> reached Euro 446 million, up 15.5% versus the prior year and with an EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> margin of 34.6%.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Q2 2022 EBIT</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline"> </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">was Euro 323 million, increased 17.8% versus the prior year and with an EBIT margin of 25.0%.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Volume was strongly positive (Euro 90 million), reflecting the shipments increase versus the prior year.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">The Mix &#47; price variance performance was mildly negative (Euro 16 million) mainly due to softer product mix related to the reduced contribution of the Ferrari Monza SP1 and SP2 versus the prior year and the greater contribution of the Portofino M, partially offset by personalizations.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Industrial costs &#47; research and development expenses increased (Euro 27 million), mainly due to higher depreciation and amortization, cost inflation and other one-off operating expenses.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">SG&#38;A also grew (Euro 18 million) mainly reflecting communication and marketing activities and corporate events, as well as the support to the Company&#8217;s organizational development.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Other contributions were lower (Euro 9 million). The impact of the improved prior year Formula 1 ranking and higher contribution from lifestyle activities were more than offset by lower sponsorship, reduced engine shipments to Maserati, higher costs related to the better Formula 1 in-season ranking assumption and other miscellaneous expenses.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">4</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Net financial charges in the quarter stood at Euro 10 million, in line with the prior year, as a result of lower net foreign exchange losses, including hedging costs largely offset by the remeasurement at fair value of investments held by the Group.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">The tax rate in the quarter was 20.0%, reflecting the estimate of the benefit attributable to the Patent Box, the Allowance for Corporate Equity (ACE)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(10)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">, and deductions for eligible hyper and super-depreciation of machinery and equipment.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">As a result, the Net profit</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> for the period was Euro 251 million, up 21.6% versus the prior year, and the Diluted earnings per share</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> for the quarter reached Euro 1.36, compared to Euro 1.11 in Q2 2021.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Industrial free cash flow</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> for the quarter was Euro 79</font><font style="color:#ff0000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">million, driven by the strong EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> partially offset by capital expenditures</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(11) </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">of Euro 166 million&#59; change in net working capital, provisions and other slightly negative for Euro 29 million&#59; cash interests and taxes for Euro 162 million paid in the quarter.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Net Industrial Debt</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> as of June 30, 2022 was Euro 387 million, compared to Euro 136 million as of March 31, 2022, also reflecting the payment in the second quarter of dividends for Euro 250 million</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(12)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> and share repurchases of Euro 81 million. As of June 30, 2022, total available liquidity was Euro 1,875 million (Euro 2,162 million as of March 31, 2022), including undrawn committed credit lines of Euro 669 million.</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">10</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%"> Also known as Notional Interest Deduction - NID</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">11</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%"> Capital expenditures excluding right-of-use assets recognized during the period in accordance with IFRS 16 - Leases</font></div><div><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">12</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%"> In May 2022 the Company paid Euro 233 million out of the total dividend distribution to owners of the parent and the remaining</font></div><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:181%"> balance, which relates to withholding taxes, is expected to be paid in the following quarters as well as the dividend to NCI</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:700;line-height:181%"> </font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">5</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">2022 guidance revised upward on all metrics thanks to stronger contribution from personalizations as well as a tailwind from FX, and based on the following assumptions&#58;</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%;padding-left:15.2pt">Carefully leveraging strong demand </font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%;padding-left:15.2pt">Richer model mix being more than offset by the negative impact from the Ferrari Monza SP1 and SP2 phase out</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%;padding-left:15.2pt">Ferrari Daytona SP3 and Ferrari Purosangue will commence production in 2022 with deliveries starting in 2023 </font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%;padding-left:15.2pt">Formula 1 revenues reflecting more diversified but lower sponsorship, partially offset by better prior year ranking </font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%;padding-left:15.2pt">Increasing depreciation and amortization in line with the start of production of new models</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%;padding-left:15.2pt">Industrial free cash flow generation sustained by Daytona SP3 advances collection</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%;padding-left:15.2pt">Disciplined capital expenditures to fuel long term development</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Subject to trading conditions unaffected by Covid-19 pandemic restrictions.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:0.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.967%"><tr><td style="width:1.0%"></td><td style="width:27.990%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.536%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.536%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.538%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(&#8364;B, unless otherwise stated)</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#808080;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021A</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#808080;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">PREVIOUS 2022</font></div><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#808080;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">GUIDANCE</font></div></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">UPWARD </font></div><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">REVISED 2022</font></div><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">GUIDANCE</font></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">NET REVENUES</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">4.3</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#126;4.8</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#126;4.9</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">ADJ. EBITDA </font><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(margin %)</font></div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.53</font></div><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">35.9%</font></div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.65-1.70 <br>34.5%-35.5%</font></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.70-1.73 <br>&#62;35%</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">ADJ. EBIT </font><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(margin %)</font></div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.08</font></div><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">25.2%</font></div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.10-1.15 <br>23%-24%</font></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.15-1.18 <br>&#62;23.5%</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">ADJ. DILUTED EPS (&#8364;)</font></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">4.50</font></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">4.55-4.75</font><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(13)</font></div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">4.80-4.90</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(13)</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">INDUSTRIAL FCF</font></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">0.64</font></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#808080;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8805;0.60</font></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#62;0.65</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:181%">Q2 2022 highlights</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">296 GTS&#58; defining the concept of driving thrills, including top down</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On April 19, 2022, Ferrari unveiled the 296 GTS, the latest evolution of mid-rear-engined two-seater berlinetta spider. The 296 GTS flanks the 296 GTB in redefining the whole concept of fun behind the wheel, guaranteeing pure emotions not just when pushing the car to its limits, but also in day-to-day driving situations.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Ferrari SP48 Unica&#58; a new one-off from Maranello</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On May 5, 2022 Ferrari unveiled the Ferrari SP48 Unica, the latest addition to the Prancing Horse&#8217;s One-Off series, joining the most exclusive group in Maranello&#8217;s entire production&#58; unique, absolutely bespoke cars crafted to the specifications of a single client and designed as a clear expression of their own individual requirements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Completion of the sixth tranche of the disclosed multi-year share repurchase program</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On May 30, 2022 Ferrari informed that completed the sixth tranche of the common share buyback program announced on March 3, 2022.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:174%;position:relative;top:-2.1pt;vertical-align:baseline">13  </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:174%">Calculated using the weighted average diluted number of common shares as of December 31, 2021 (184,722 thousand)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">6</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">The First Cavalcade Icona</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On June 6, 2022 Ferrari informed that from 11 to 16 June 80 Ferrari Monzas from more than twenty nations will take part in the first edition of Cavalcade Icona, an exclusive event open only to these limited series vehicles inspired by evocative masterpieces in the history of the Prancing Horse.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">The 296 GTB wins production car category at the Car Design Award 2022</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On June 11, 2022 Ferrari communicated that the Ferrari 296 GTB has won the Production Car category of the prestigious Car Design Award, which was launched in 1984 by the Italian magazine, Auto&#38;Design. The Car Design Award is presented to projects that have made a significant contribution to the evolution of car design. The winners are selected by an expert jury of 11 expert journalists from leading international motoring publications, including Auto&#38;Design itself.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Carla Liuni joins Ferrari as Chief Brand Officer</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On June 13, 2022 Ferrari announced that Carla Liuni will join Ferrari as Chief Brand Officer reporting to CEO Benedetto Vigna and serving on Ferrari&#8217;s Leadership Team. Carla Liuni brings an outstanding track-record of driving growth for global brands across luxury and premium businesses. Most recently Chief Marketing Officer at Pandora, she played a pivotal role to the company turnaround. Prior to this, Carla led Global Marketing and Communication at Bulgari. Lastly, Carla spent almost 20 years at Procter &#38; Gamble, where she was General Manager for the Prestige division.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Ferrari Capital Markets Day 2022</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On June 16, 2022 Ferrari hosted its Capital Markets Day to present the 2022-2026 strategic plan and the actions it is taking to embrace the opportunities ahead. Employees&#8217; empowerment, experience, emotions, electrification, engine, environment, and earnings&#58; the Company is entering a new and exciting chapter of its journey, ready to push the boundaries further than ever in its own distinctive way.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">A 1 MW fuel cell plant at Ferrari&#8217;s Maranello facilities</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On June 23, 2022 Ferrari announced that it has taken a further step towards its aim of becoming carbon neutral by 2030 thanks to a new 1 MW solid oxide fuel cell plant, built by Bloom Energy, at its Maranello facilities.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">The plant provides 5% of the energy required for Ferrari&#8217;s production activities</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:174%;position:relative;top:-2.8pt;vertical-align:baseline">(14)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> while reducing fuel consumption and emissions. Compared to CHP (Combined Heat and Power) cogeneration systems, gas requirements are cut by around 20% with a significant energy saving. </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">In addition to high levels of efficiency, this innovative technology platform offers flexibility in the choice of energy sources required to power the plant&#58; hydrogen, natural gas, biomethane or a combination, converting the fuel into electricity without combustion. A further benefit, compared to the equivalent systems used previously, is the reduction of more than 99% of the pollution that causes the build-up of smog and particulate matter.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:174%;position:relative;top:-2.1pt;vertical-align:baseline">14  </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:174%">Figure based on energy requirements of Ferrari facilities in Maranello in 2021</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">7</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">The Cavalcade Riviera begins with a record number of crews from all over the world for a journey among Italy, France and the Principality of Monaco</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On June 27, 2022 Ferrari announced that the Ferrari Cavalcade will officially set off on 27 June from Sanremo. A route linking Italy and France for Ferrari&#8217;s international clientele to discover while driving the company&#8217;s models. Iconic locations on the C&#244;te d&#8217;Azur and the Riviera di Ponente, Alpine passes and exclusive resorts, famous landscapes but also lesser-known spots to be discovered and explored. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Ferrari N.V. to commence a Euro 150 million first tranche of its new multi-year share buyback program of approximately Euro 2 Billion</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On June 30, 2022 Ferrari announced its intention to commence a Euro 150 million share buyback program, as the initial tranche of the new multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day. The first tranche started on July 1, 2022 and will end no later than November 30, 2022. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Subsequent events</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">A new photovoltaic system at the Maranello site and an off-grid charging station for hybrid models</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On July 25, 2022 Ferrari announced a new photovoltaic system to be built on the roofs of its Maranello factory buildings, further expanding its independent energy production and reducing its CO2e emissions. Ferrari is taking one more step on the path to carbon neutrality alongside Enel X.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">In total, they will comprise 3,800 solar panels, able to deliver a maximum power of 1,535 kWp.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Once fully operational, the new solar installation will allow Ferrari to self-produce 1,626,802 kWh per year. The system will allow savings of more than 18,500 tonnes of CO2e over 25 years, or 740 tonnes per year.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Ferrari 296 GT3, a V6 for a new sporting history</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On July 29, 2022 the Ferrari 296 GT3 was unveiled. It is an innovative project, on and off the track, that the Prancing Horse manufacturer decided to develop to continue a winning tradition dating back to 1949 when the 166 MM triumphed in the 24 Hours of Le Mans. This is a new approach in terms of design, car management at all stages of a race weekend, electronics, and even the engine architecture, a 120&#176; turbocharged 6-cylinder. A new concept built to meet the needs of teams, professional drivers and gentlemen drivers, on whom Ferrari has always focused. This car has been meticulously designed in every detail and from every angle, in compliance with the new GT3 regulations.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Share repurchase program</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Under the first tranche of the new multi-year common share repurchase program announced on June 30, 2022, from July 1, 2022 to July 29, 2022, the Company purchased 140,859 common shares for a total consideration of Euro 26.9 million. At July 29, 2022 the Company held in treasury an aggregate of 11,205,969 common shares. As of the same date, the Company held 4.36% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company&#8217;s equity incentive plan.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">About Ferrari </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%">Ferrari is among the world&#8217;s leading luxury brands focused on the design, engineering, production and sale of the world&#8217;s most recognizable luxury performance sports cars. Ferrari brand symbolizes exclusivity, innovation, state-of-the-art sporting performance and Italian design. Its history and the image enjoyed by its cars are closely associated with its Formula 1 racing team, Scuderia Ferrari, the most successful team in Formula 1 history. From the inaugural year of Formula 1 World Championship in 1950 through the present, Scuderia Ferrari has won 242 Grand Prix races, 16 Constructors&#8217; World titles and 15 Drivers&#8217; World titles. Ferrari designs, engineers and produces its cars in Maranello, Italy, and sells them in over 60 markets worldwide.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:181%">Forward Looking Statements</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:156%">This document, and in particular the section entitled &#8220;2022 guidance&#8221;, contain forward-looking statements. These statements may include terms such as &#8220;may&#8221;, &#8220;will&#8221;, &#8220;expect&#8221;, &#8220;could&#8221;, &#8220;should&#8221;, &#8220;intend&#8221;, &#8220;estimate&#8221;, &#8220;anticipate&#8221;, &#8220;believe&#8221;, &#8220;remain&#8221;, &#8220;continue&#8221;, &#8220;on track&#8221;, &#8220;successful&#8221;, &#8220;grow&#8221;, &#8220;design&#8221;, &#8220;target&#8221;, &#8220;objective&#8221;, &#8220;goal&#8221;, &#8220;forecast&#8221;, &#8220;projection&#8221;, &#8220;outlook&#8221;, &#8220;prospects&#8221;, &#8220;plan&#8221;, &#8220;guidance&#8221; and similar expressions. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Group&#8217;s current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including&#58; the Group&#8217;s ability to preserve and enhance the value of the Ferrari brand&#59; the success of the Group&#8217;s Formula 1 racing team and the expenses the Group incurs for its Formula 1 activities, the uncertainty of the sponsorship and commercial revenues the Group generates from its participation in the Formula 1 World Championship, including as a result of the impact of the Covid-19 pandemic, as well as the popularity of Formula 1 more broadly&#59; the Group&#8217;s ability to keep up with advances in high performance car technology, to meet the challenges and costs of integrating advanced technologies, including hybrid and electric, more broadly into our car portfolio over time and to make appealing designs for our new models&#59; the Group&#8217;s ability to preserve its relationship with the automobile collector and enthusiast community&#59; changes in client preferences and automotive trends&#59; changes in the general economic environment, including changes in some of the markets in which the Group operates, and changes in demand for luxury goods, including high performance luxury cars, which is highly volatile&#59; competition in the luxury performance automobile industry&#59; the Group&#8217;s ability to successfully carry out its controlled growth strategy and, particularly, the Group&#8217;s ability to increase its presence in growth market countries&#59; the Group&#8217;s low volume strategy&#59; global economic conditions, macro events and pandemics, including the effects of the evolution of and response to the Covid-19 pandemic&#59; the impact of increasingly stringent fuel economy, emission and safety standards, including the cost of compliance, and any required changes to its products or possible future bans of combustion engine cars in cities&#59; reliance upon a number of key members of executive management and employees, and the ability of its current management team to operate and manage effectively&#59; the performance of the Group&#8217;s dealer network on which the Group depends for sales and services&#59; increases in costs, disruptions of supply or shortages of components and raw materials&#59; disruptions at the Group&#8217;s manufacturing facilities in Maranello and Modena&#59; the ability of Maserati, the Group&#8217;s engine customer, to sell its planned volume of cars&#59; the performance of the Group&#8217;s licensees for Ferrari-branded products&#59; the Group&#8217;s ability to protect its intellectual property rights and to avoid infringing on the intellectual property rights of others&#59; the Group&#8217;s continued compliance with customs regulations of various jurisdictions&#59; product recalls, liability claims and product warranties&#59; the adequacy of its insurance coverage to protect the Group against potential</font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">9</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:156%">losses&#59; the Group&#8217;s ability to ensure that its employees, agents and representatives comply with applicable law and regulations&#59; the Group&#8217;s ability to maintain the functional and efficient operation of its information technology systems and to defend from the risk of cyberattacks, including on its in-vehicle technology&#59; the Group&#8217;s ability to service and refinance its debt&#59; the Group&#8217;s ability to provide or arrange for adequate access to financing for its dealers and clients, and associated risks&#59; exchange rate fluctuations, interest rate changes, credit risk and other market risks&#59; changes in tax, tariff or fiscal policies and regulatory, political and labor conditions in the jurisdictions in which the Group operates&#59; labor relations and collective bargaining agreements&#59; potential conflicts of interest due to director and officer overlaps with the Group&#8217;s largest shareholders&#59; and other factors discussed elsewhere in this document.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:156%">The Group expressly disclaims and does not assume any liability in connection with any inaccuracies in any of the forward-looking statements in this document or in connection with any use by any third party of such forward-looking statements. Any forward-looking statements contained in this document speak only as of the date of this document and the Company does not undertake any obligation to update or revise publicly forward-looking statements. Further information concerning the Group and its businesses, including factors that could materially affect the Company&#8217;s financial results, is included in the Company&#8217;s reports and filings with the U.S. Securities and Exchange Commission, the AFM and CONSOB.</font></div><div><font><br></font></div><div><font><br></font></div><div style="padding-right:-1.4pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:133%">For further information&#58;</font></div><div style="padding-right:-1.4pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Media Relations</font></div><div style="padding-right:-1.4pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:133%">tel.&#58; +39 0536 949337</font></div><div style="padding-right:-1.4pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Email&#58; </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:underline">media&#64;ferrari.com</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:133%"> </font></div><div><font><br></font></div><div style="padding-right:-1.4pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Investor Relations</font></div><div style="padding-right:-1.4pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:133%">tel.&#58; +39 0536 949695</font></div><div style="padding-right:-1.4pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Email&#58; </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:underline">ir&#64;ferrari.com</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:133%"> </font></div><div><font><br></font></div><div style="padding-right:-1.4pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%;text-decoration:underline">www.ferrari.com</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%"> </font></div><div><font><br></font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:232%">Capex and R&#38;D</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.967%"><tr><td style="width:1.0%"></td><td style="width:12.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:44.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.388%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)</font></td><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">166</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">166</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Capital expenditures</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(11)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">298</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">317</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">105</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">95</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">of which capitalized development costs</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(15)</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> (A)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">194</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">180</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">125</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">131</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Research and development costs expensed (B)</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">270</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">272</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">230</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">226</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Total research and development (A+B)</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">464</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">452</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">58</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">49</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Amortization of capitalized development costs (C)</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">111</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">97</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">183</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">180</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Research and development costs as recognized </font></div><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">in the consolidated income statement (B+C)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">381</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">369</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Non-GAAP financial measures</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Operations are monitored through the use of various non-GAAP financial measures that may not be comparable to other similarly titled measures of other companies.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Accordingly, investors and analysts should exercise appropriate caution in comparing these supplemental financial measures to similarly titled financial measures reported by other companies.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">We believe that these supplemental financial measures provide comparable measures of financial performance which then facilitate management&#8217;s ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Certain totals in the tables included in this document may not add due to rounding.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:174%;position:relative;top:-2.1pt;vertical-align:baseline">15</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:174%"> Capitalized as intangible assets</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font><br></font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">11</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Total net revenues, EBITDA, Adj. EBITDA, EBIT and Adj. EBIT at constant currency</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> eliminate the effects of changes in foreign currency (transaction and translation) and of foreign currency hedges.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.967%"><tr><td style="width:1.0%"></td><td style="width:14.203%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.203%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.990%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.051%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.053%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)</font></td><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">at constant</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">at constant</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">currency</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">currency</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,100</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,060</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Cars and spare parts</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2,112</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2,056</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">41</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">41</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Engines</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">78</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">78</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">117</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">110</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Sponsorship, commercial and brand</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">226</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">216</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">33</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">31</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Other</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">61</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">58</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1,291</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1,242</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Total Net Revenues</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2,477</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2,408</font></td></tr></table></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.673%"><tr><td style="width:1.0%"></td><td style="width:29.903%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.197%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.600%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">323</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">EBIT</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">630</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(37)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Currency (including hedges)</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(51)</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">286</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">EBIT at constant currency</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">579</font></td></tr></table></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.673%"><tr><td style="width:1.0%"></td><td style="width:29.903%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.197%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.600%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)&#160;</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">446</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">EBITDA</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">869</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(37)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Currency (including hedges)&#160;</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(51)</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">409</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">EBITDA at constant currency&#160;</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">818</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">12</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> is defined as net profit before income tax expense, net financial expenses and depreciation and amortization. </font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Adjusted EBITDA</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> is defined as EBITDA as adjusted for certain income and costs which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:9.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.256%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.796%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)</font></td><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">251</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">206</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">45</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Net profit</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">490</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">412</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">78</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">62</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">58</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">4</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Income tax expense</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">122</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">109</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">13</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">10</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">10</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Net financial expenses</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">18</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">19</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(1)</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">123</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">112</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">11</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Amortization and depreciation</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">239</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">222</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">17</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">446</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">386</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">60</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">EBITDA&#160;</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">869</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">762</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">107</font></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:9.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.256%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.796%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)</font></td><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">446</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">386</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">60</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">EBITDA</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">869</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">762</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">107</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Adjustments</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">446</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">386</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">60</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Adjusted EBITDA</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">869</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">762</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">107</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Adjusted Earnings Before Interest and Taxes (&#8220;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Adjusted EBIT</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">&#8221;) represents EBIT as adjusted for certain income and costs which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:9.250%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.250%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.250%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.169%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.795%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)</font></td><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">323</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">274</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">49</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">EBIT</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">630</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">540</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">90</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Adjustments</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">323</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">274</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">49</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Adjusted EBIT</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">630</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">540</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">90</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Adjusted net profit</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> represents net profit as adjusted for certain income and costs (net of tax effect) which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:9.250%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.250%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.250%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.169%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.795%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)</font></td><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">251</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">206</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">45</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Net profit</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">490</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">412</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">78</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Adjustments</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">251</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">206</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">45</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Adjusted net profit</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">490</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">412</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">78</font></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div><font><br></font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">13</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:181%">Adjusted EPS</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:181%"> represents EPS as adjusted for certain income and costs (net of tax effect) which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities. </font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:9.250%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.250%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.250%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.169%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.795%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro per common share)</font></td><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.36</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.11</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">0.25</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Basic EPS</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2.66</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2.22</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">0.44</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Adjustments&#160;</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1.36</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1.11</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">0.25</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Adjusted basic EPS</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2.66</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2.22</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">0.44</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.36</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1.11</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">0.25</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Diluted EPS&#160;</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2.65</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2.22</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">0.43</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Adjustments&#160;</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1.36</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1.11</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">0.25</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Adjusted diluted EPS</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2.65</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2.22</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:700;line-height:100%">0.43</font></td></tr></table></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:181%">Basic and diluted EPS</font><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:5.2pt;font-weight:700;line-height:181%;position:relative;top:-2.8pt;vertical-align:baseline">(16)</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.673%"><tr><td style="width:1.0%"></td><td style="width:8.930%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.930%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.930%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.717%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.930%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.930%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.933%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million, unless otherwise stated)</font></td><td colspan="9" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Change</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">249</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">206</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">43</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Net profit attributable to the</font></div><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;owners of the Company</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">487</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">411</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">76</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">182,996</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">184,706</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Weighted average number </font></div><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">of common shares (thousand)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">183,262</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">184,745</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1.36</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1.11</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">0.25</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Basic EPS (in Euro)</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2.66</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2.22</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">0.44</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">183,251</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">185,005</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Weighted average number of</font></div><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;common shares for diluted earnings </font></div><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">per common share (thousand)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">183,517</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">185,045</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1.36</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">1.11</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">0.25</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Diluted EPS (in Euro)</font></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2.65</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2.22</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">0.43</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">16&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%">For the three and six months ended June 30, 2022 and 2021 the weighted average number of common shares for diluted earnings per share was increased to take into consideration the theoretical effect of the potential common shares that would be issued under the equity incentive plans</font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">14</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Net Industrial Debt</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">,</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:700;line-height:174%"> </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">defined as total Debt less Cash and Cash Equivalents (Net Debt), further adjusted to exclude the debt and cash and cash equivalents related to our financial services activities (Net Debt of Financial Services Activities).</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.673%"><tr><td style="width:1.0%"></td><td style="width:52.851%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.994%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.994%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.994%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.667%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Jun. 30,</font></div><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></div></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Mar. 31, 2022</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Dec. 31,<br>2021</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Debt</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(2,765)</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(2,655)</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(2,630)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">of which leased liabilities as per IFRS 16 (simplified approach)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(61)</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(59)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(56)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Cash and Cash Equivalents</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,206</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,494</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,344</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Net Debt</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(1,559)</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(1,161)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(1,286)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Net Debt of Financial Services Activities</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(1,172)</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(1,025)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(989)</font></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Net Industrial Debt</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(387)</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(136)</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(297)</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Free Cash Flow</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:700;line-height:174%"> </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">and</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:700;line-height:174%"> </font><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Free Cash Flow from Industrial Activities</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:700;line-height:174%"> </font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">are two of management&#8217;s primary key performance indicators to measure the Group&#8217;s performance. Free Cash Flow is defined as cash flows from operating activities less investments in property, plant and equipment (excluding right-of-use assets recognized during the period in accordance with IFRS 16 - Leases) and intangible assets. Free Cash Flow from Industrial Activities is defined as Free Cash Flow adjusted to exclude the operating cash flow from our financial services activities (Free Cash Flow from Financial Services Activities). </font></div><div style="text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.114%"><tr><td style="width:1.0%"></td><td style="width:12.061%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.818%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:44.739%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.061%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.821%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the three months ended</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(Euro million)</font></td><td colspan="6" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">For the six months ended</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">June 30,</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:0 1pt"></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2021</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">172</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">261</font></td><td colspan="3" style="border-top:1pt solid #ff0000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Cash flow from operating activities</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">587</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #ff0000;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">535</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(166)</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(166)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Investments in property, plant and</font></div><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;equipment and intangible assets</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(11)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(298)</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(317)</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">6</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">95</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Free Cash Flow</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">289</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">218</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(73)</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(18)</font></td><td colspan="3" style="border-top:1pt solid #999999;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Free Cash Flow from Financial Services Activities</font></td><td colspan="3" style="background-color:#bfbfbf;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(89)</font></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(42)</font></td></tr><tr><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">79</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">113</font></td><td colspan="3" style="border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.85pt;padding-right:0.85pt;text-align:center"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Free Cash Flow from Industrial Activities</font><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:4.55pt;font-weight:700;line-height:100%;position:relative;top:-2.44pt;vertical-align:baseline">(17)</font></div></td><td colspan="3" style="background-color:#bfbfbf;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">378</font></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:1pt solid #999999;border-top:1pt solid #999999;padding:2px 1.87pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Ferrari Sans',sans-serif;font-size:7pt;font-weight:700;line-height:100%">260</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.526%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:3.9pt;font-weight:400;line-height:100%;position:relative;top:-2.1pt;vertical-align:baseline">17&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:6pt;font-weight:400;line-height:100%">Free cash flow from industrial activities for the three and six months ended June 30, 2022 includes Euro 17 million related to dividends to withholding taxes and dividends to NCI, which are expected to be paid in the following quarters. Free cash flow from industrial activities for the three and six months ended June 30, 2021 includes Euro 13 million related to withholding taxes and dividends to NCI, which were paid in the following quarters.</font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">15</font></div></div></div><hr style="page-break-after:always"><div style="min-height:82.26pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:8pt;font-weight:400;line-height:174%">On August 2, 2022, at 3&#58;00 p.m. CEST, management will hold a conference call to present the Q2 2022 results to financial analysts and institutional investors. Please note that registering in advance is required to access the conference call details. The call can be followed live and a recording will subsequently be available on the Group&#8217;s website https&#58;&#47;&#47;www.ferrari.com&#47;en-EN&#47;corporate&#47;investors. The supporting document will be made available on the website prior to the call.</font></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt"><font><br></font></div><div><font><br></font></div><div style="height:61.2pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Ferrari Sans Light',sans-serif;font-size:7pt;font-weight:400;line-height:171%">16</font></div></div></div></body></html>
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