Investor Relations 2Q 2016

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History

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“Leading Authentic Sports Brand Inspired by

the Style, Elegance and Passion of our Italian Heritage”

Founded by FILA

brothers in Biella, Italy

1911

1973

1991

2005

2007

2010

2011

First sports apparel

market (Tennis)

Established FILA Korea

FILA Korea MBO

FILA Korea purchased FILA

trademark and global assets

(USD 400M LBO)

FILA Korea IPO (081660:KS)

FILA Korea & Mirae Asset Global

Investments Consortium acquired

Acushnet Company (USD 1.2B LBO)

2

100% 100%

100%

100%

15%

100%

GLBH Holdings

(Acquisition Vehicle)

FILA Luxembourg

(Trademark Owner)

FILA Korea

(Controlling Shareholder)

Acushnet Holdings Corp.

Full Prospect

(JV with ANTA)

FILA Sport HK

(In-house Sourcing)

FILA USA

(USA Operation)

Licensee

(Global Royalty)

Group Structure

Magnus Holdings

*56% (Pre-diluted base)

* On diluted base, Magnus Holdings owns 28.9% of Acushnet Holdings Corp. as of June 30, 2016(common stocks)

** Diadora licensee business was terminated as of June 30, 2016.

51% GLBH Korea

(DIADORA Licensee**)

FILA USA

FILA Licensee

FILA China

FILA Korea

FILA Group Business Overview

North America (Canada, U.S.A., Mexico)

Footwear based wholesale distributor

Despite the competitive market condition, FILA USA continued to grow

both the revenue and operating profit on a dollar basis since its turnaround in 2010

Apparel and footwear based retail distributor

Total number of stores: 650 (as of June 30, 2016)

Multi-brand: FILA, FILA GOLF, FILA KIDS, FILA Underwear

FILA brand renewal began in early 2016 by overhauling its product,

distribution and marketing with a new management team

Joint venture with ANTA Sports from 2009.

Offering premium sports & lifestyle products in China, Hong Kong, and Macau

Contributes 3% of its revenue as Design Service Fee to FILA

Fast growth in revenue since its launching year (CAGR 43%: 2009-2015)

Total 32 licensees in EMEA, North America, Latin America and Asia

Royalty: 6%~7% of its annual wholesale revenue

Stable contribution by each regional licensees

Direct

Indirect

3

Recently launched brand

renewal in Korea

Product line-up overhaul to

focus on performance products Expanding into upper

channels of distribution

in the US: Foot Locker, Bloo

mingdale’s, Macy’s, Nordstro

m and Neiman Marcus

Successful product

collaborations including

Urban Outfitters, Baja East,

Gosha Rubchinskiy, Marion

Bartoli (LOVE FILA by

Marion Bartoli) and Nas

(Nas x Ghostbusters

footwear collection) Successfully established FILA® as

leading high-end lifestyle casual

brand in China

Collaborations with Anna Sui, Jason

Wu and Ginny Hilfiger

Led by Anta, a leading sports apparel

company in China, FILA® has been

expanding into major markets across

China, Hong Kong and Macau Total of 32 licensees

4

FILA – A Leading Authentic Global Sports Brand

2Q Revenue Breakdown / OPM (Consol.)

(KRW M)

Stable Growth by Diversified Portfolio

5

FILA maintains stable revenue growth driven by U.S. wholesale business and royalty contributions

YTD Revenue Breakdown / OPM (Consol.)

(KRW M)

50% 43% 40%

36%

40% 43%

14% 17% 17%

14.7% 12.7%

8.2%

1H 2014 1H 2015 1H 2016

FILA Korea FILA USA Royalty & Others OPM

195,419 200,698 209,229 394,683 415,870 377,431

56% 50%

41%

33% 36%

43%

12% 14% 16%

14.6% 12.6% 11.9%

2Q 2014 2Q 2015 2Q 2016

FILA Korea FILA USA Royalty & Others OPM

Korean market contraction

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In 2012, Korean macro slowdown created rough environment for many consumer businesses and caused a sharp drop in profitability due to

high discounted sales

2Q Revenue Breakdown / OPM

YTD Revenue Breakdown / OPM

(KRW M) (KRW M)

108,562

100,484

86,052

7.9%

4.9%

0.3%

2Q 2014 2Q 2015 2Q 2016

Revenue OPM

197,672

179,648

151,510

5.8%

2.4%

1H 2014 1H 2015 1H 2016

Revenue OPM

deficit(-5.2%)

F I L A U S A USA operation improvement

7

Despite of the competitive market conditions in the US, Fila USA continued to grow both the revenue and operating profit on a dollar basis.

2Q Revenue Breakdown / OPM

YTD Revenue Breakdown / OPM

(USD K) (USD K)

63,942

71,310

90,427

5.9% 6.0% 7.5%

2Q 2014 2Q 2015 2Q 2016

Revenue OPM

141,937

166,267 161,863

8.7% 7.9% 7.0%

1H 2014 1H 2015 1H 2016

Revenue OPM

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Global Royalty

Stable revenue contribution from 32 licensee partners that operate the FILA branded products and these licensees’ global retail business generates over

US$2.5bn in terms of revenue per year

10,053 8,992 8,266

2Q Revenue Breakdown YTD Revenue Breakdown

(USD K) (USD K)

29% 27% 27%

39% 42% 43%

5% 5%

24% 23% 26%

2% 3% 4%

1H 2014 1H 2015 1H 2016

Asia N.America S.America EMEA Others

19,226 17,552 15,148

32% 30% 24%

35% 35% 48%

6% 5%

2%

26% 25% 22%

2% 4% 3%

2Q 2014 2Q 2015 2Q 2016

Asia N.America S.America EMEA Others

10,053 8,992 8,266

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Global License Structure(32 licensees)

Global Royalty

License period is 5 years (10 years for master licensees)

Based on the wholesale revenue from each licensee

Avg. 6-7% of FILA’s wholesale revenue

Each licensee has minimum guaranteed royalty (MGR)based

on the forecasted revenue

Semi-annual Global Collaboration Meetings (GCM) held to set broad, global

strategic guidelines among all licensees

FILA Luxembourg

(Trademark owner)

EMEA South

America Asia

Global

Product

9 regional

licensees

5 regional

licensees

1 master

licensee

8 global

product

licensee

North

America

1 master

licensees

8 regional

licensees

General License Conditions

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Acushnet Company (Titleist & FootJoy)

1,477,066

1,537,610

1,502,958

8.1% 6.8% 8.3%

FY 2013 FY 2014 FY 2015

Revenue OPM

FILA and Mirae Asset Investment Consortium acquired Acushnet Company in 2011 (USD 1.225B)

2Q Revenue Breakdown FY Revenue Breakdown

(USD K) (USD K)

455,721 446,576 442,796

13.0% 14.6% 13.2%

2Q 2014 2Q 2015 1Q 2016

Revenue OPM

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Appendix

2Q 2016 FY 2015 FY 2014

Assets 1,026,384 978,932 1,043,405

Current Assets 459,251 413,786 371,767

Cash and cash equivalents 96,029 46,938 60,093

Trade and other receivables 124,117 131,500 108,196

Inventories 225,505 222,208 185,846

Other current assets 13,600 13,140 17,632

Non-current Assets 567,133 565,146 671,638

Property and equipment 48,665 44,531 39,523

Intangible assets 395,099 396,637 381,498

Other non-current assets 123,370 123,978 250,617

Liabilities 529,151 499,830 475,018

Current Liabilities 278,606 271,629 197,260

Trade and other payables 101,927 105,402 92,292

Borrowings 159,718 146,037 86,486

Other current liabilities 16,961 20,190 18,482

Non-current Liabilities 250,546 228,200 277,758

Borrowings 120,153 92,572 206,747

Bonds 75,073 75,363 -

Other non-current liabilities 55,320 60,265 71,011

Total Equity 497,233 479,102 568,387

Consolidated Balance Sheet (K-IFRS) (KRW M)

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Appendix

Consolidated Profit & Loss Summary

FILA Korea Profit & Loss Summary

(KRW M)

(KRW M)

1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 FY 2015 1Q 2016 2Q 2016 YTD 2016

Revenue 199,264 195,419 189,347 213,446 797,476 215,172 200,698 196,383 203,497 815,750 168,202 209,229 377,431

Gross Profit 95,693 100,454 85,714 95,135 376,996 96,541 97,871 86,219 88,247 368,878 71,985 99,263 171,248

G.P.(%) 48.00% 51.40% 45.30% 44.60% 47.30% 44.90% 48.80% 43.90% 43.40% 45.20% 42.80% 47.44% 45.37%

Operating Profit 29,603 28,564 20,864 14,518 93,549 27,657 25,200 19,158 8,546 80,562 6,305 24,807 31,112

O.P.(%) 14.90% 14.60% 11.00% 6.80% 11.70% 12.90% 12.60% 9.80% 4.20% 9.90% 3.75% 11.86% 8.24%

Net Income 20,827 29,457 21,390 -12,168 57,590 -30,609 -31,692 -17,884 -53,144 -133,328 7,340 16,009 23,349

1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 FY 2015 1Q 2016 2Q 2016 YTD 2016

Revenue 89,110 108,562 87,587 112,231 397,490 79,164 100,484 76,485 90,672 346,805 65,458 86,052 151,510

Gross Profit 50,919 64,918 47,317 57,516 220,669 45,078 58,391 42,080 47,142 192,692 31,459 50,553 82,012

G.P.(%) 57.10% 59.80% 54.00% 51.20% 55.50% 56.90% 58.10% 55.00% 52.00% 55.60% 48.06% 58.75% 54.13%

Operating Profit 2,899 8,605 1,696 -1,345 11,853 -550 4,937 -1,670 -6,738 -4,020 -8,057 229 -7,828

O.P.(%) 3.30% 7.90% 1.90% N/A 3.00% N/A 4.90% N/A N/A N/A N/A 0.27% N/A

Net Income 2,590 2,954 2,505 1,556 9,603 -577 3,759 213 -3,826 -430 -7,523 3,547 -3,976

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Appendix

Note

* FILA USA results for 2Q 2013 reflect the reversal of an accrual of $2.7mn made in 2007 for potential customs duties, penalties and interest.

FILA USA Profit & Loss Summary

Global Royalty Summary

(USD K)

(USD K)

1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 FY 2015 1Q 2016 2Q 2016 YTD 2016

Revenue 77,995 63,942 70,855 66,439 279,231 94,957 71,310 75,984 78,739 320,990 71,436 90,427 161,863

Gross Profit 26,336 18,379 20,916 16,851 82,482 29,892 20,054 22,618 21,842 94,406 22,529 28,951 51,480

G.P.(%) 33.80% 28.70% 29.50% 25.40% 29.50% 31.50% 28.10% 29.80% 27.70% 29.40% 31.54% 32.02% 31.80%

Operating Profit 8,537 3,796 4,173 719 17,225 8,833 4,299 4,130 2,682 19,944 4,495 6,804 11,299

O.P.(%) 10.90% 5.90% 5.90% 1.10% 6.20% 9.30% 6.00% 5.40% 3.40% 6.20% 6.29% 7.52% 6.98%

Net Income 4,851 1,991 2,163 -223 8,782 5,164 2,375 1,945 1,406 10,890 2,409 3,924 6,333

1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 FY 2015 1Q 2016 2Q 2016 YTD 2016

FILA Korea 1,862 2,433 1,967 2,371 8,634 1,508 1,898 1,386 1,616 6,408 1,148 1,540 2,688

FILA Subsidiary 4,871 2,390 2,645 1,161 11,070 5,417 2,638 3,176 1,558 12,927 2,465 6,828 9,293

Asia 2,315 2,244 2,314 2,513 9,384 2,110 2,133 2,027 3,206 9,478 2,118 2,128 4,246

North America 2,195 2,821 2,586 2,905 10,506 2,170 2,223 2,749 2,303 9,427 1,279 544 1,823

South America 664 863 855 812 3,194 707 739 587 678 2,710 -224 330 106

EMEA 3,642 3,799 3,901 3,406 14,751 3,227 3,363 3,553 3,504 13,645 3,243 3,354 6,597

Category 353 325 242 306 1,226 344 534 322 282 1,483 466 493 959

15,902 14,875 14,510 13,474 58,765 15,483 13,528 13,800 13,147 56,078 10,495 15,217 25,712

Total

(Adjusted) 9,169 10,053 9,898 9,941 39,061 8,558 8,992 9,219 9,973 36,743 6,882 8,266 15,148

Disclaimer

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This document has been prepared for presentation, illustration and discussion purpose only and is not legally binding. Whilst complied from sources FILA Korea believes to

be accurate, no representation, warranty, assurance or inducement express or implied as to the accuracy, completeness or adequacy of freedom from defect of any kind is

made, and the division, group or subsidiary or affiliate of FILA Korea which produced this document shall not be liable to the recipient or controlling shareholders of the

recipient resulting from its use. Nothing herein contains shall be construed as granting the recipient whether directly or indirectly or by implication, any license or right, under

any copy right or intellectual property rights to use the information herein. FILA Korea accepts no liability for any loss or damage of any kind resulting out of the unauthorized

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

independent professional advice before you make any investment decision.