GB2016

Index

Our Work, Our Commitment .............................................10 Beste Group Story .......................................................................12Beste’s Strenghts ..........................................................................16The Structure of the Beste Group ....................................18Organizational Chart ............................................................ 20Fabric Division ........................................................................... 22Fabric Division Beste color innovation ..............................................................24 Fabric Division the collections ...........................................................................28Fabric Division the production phases ..............................................................34 Garment Division .......................................................................36Garment Division the expansion of Monobi man and the creation of the womanswear’s line ............................38Garment Division Elective project ..........................................................................42Garment Division the production phases ..............................................................44Beste and Huamao Joint Venture the two companies ....................................................................50Sinergies created H&B - Beste ...............................................................................54Turnover and financial data ..............................................56

Beste’s commitment to environment ............................ 62Beste & sustainability ............................................................ 64

The difference between producing a nice fabricand a special fabric is small. We have to make them really special!

Giovanni SantiPresident Beste Group

04 05

06 07

08 09

In some cases our task is to make a designer’s vision come to life. In others it is to sift through the market in search of accessories, materials or technologies. Sometimes it is a matter of hypothesizing on what does not yet exist, developing a repertoire of fresh solutions to share with our clients.Today at Beste, we find ourselves working with the best clients in the world, for motives of quality, prestige and international presence, rather than choice. It is instead the outcome of our product policy. A policy which is orientated towards innovation, experimentation, shifting aesthetic parameters and the quality standards of the sector. A combination of technical excellence, quality and elegant solutions have reinforced our name and reputation in the industry, a standing and commitment which has been continually consolidated through the establishment of Beste Japan, Beste China and the joint venture H&B in Anquinq (Anhui province) in China.

Our Work Our Commitment

10 11

1992 - Company FoundationIn 1992 BESTE is established, thanks to the determination and intuition of Giovanni Santi, a young technician. After graduating from the Tullio Buzzi Institute he received training as a textile designer at some of the best textile companies in Prato. From the very beginning, Beste decides to revolutionise cotton production by utilising a quality-inspired approach by means of researching sophisticated solutions, using techniques traditionally reserved for so-called noble fibres; wool and cashmere.

1995/2001 - The big step forwardGrowth continues in a sustained and constant rhythm in the years leading up to and following the millennium. New collections are produced, new types of products are undertaken (Bestech in 1995, Beware in 1998, Beste Jersey in 1999), and gradually the company builds a solid name in the highest-end and most rewarding market sector. The concise initial structure is enriched with professionalism and the number of workers exceeds thirty. The time is ripe for a further leap in quality: Beste decides to take control of all of the dyeing and finishing processes.

2004 - New PremisesAfter a long period spent renovating and adapting the site, in 2004 the company transfers to Cantagallo, 15 minutes from Prato. As the head office, these premises serve not only textile production but also the commercial and creative departments. The direct control of the production process consents Beste to take another step forward on the road to quality.

2005 - From Textile to Finished GarmentsIn 2005 another decisive step takes place: Beste acquires the staff and know-how of a long established company specialised in high end sportswear. Beste takes over the brand Corpo Nove as well as around twenty technical and creative staff from Karada in Empoli. No longer a simple textile manufacturer, by now Beste is capable of systematically following the entire production and design cycle which is behind any clothing product.

2005 - InternazionalisationIn the interests of consolidating the relationships with the principal markets and offering increasingly better service, a commercial reorganisation strategy with the goal of bringing the company closer to its clients through a global presence begins in 2004. The first step is the opening of Beste Japan Co. Ltd. (Beste Japan), located in Osaka.

2008 - ConsolidationAt the end of 2006 a well-foreseen crisis prompts Beste to attempt a further strategic and organizational step. Having concluded the phase of verticalising production, the company begins to search for stable industrial synergies. In Spring 2008, these efforts are initially concretised with control through acquisition of 70 percent of the capital of Manifattura di Pontelambro, a well established Lombardian company specialised in high-end shirts. The possibility of bringing together these companies spreads notable development potential and expands the repertoire of the group. A few months later Beste also acquires control of Pwp. At the beginning of 2009 the world of Beste is subject to further expansion with the foundation of Jiada. More than a simple jersey line, it is rather a further articulation of the group.

2010 - Production ReorganisationHaving concluded the phase of acquisition and diversification, Beste faces new market scenarios with a profound rationalisation of its creative and productive resources. As to the first, a gradual transfer of all the responsibilities to Cantagallo takes place, and the direction of the multiple collections is entrusted to Piergiovanni Donatucci, an established designer.

2011 - UptobeBeste decides to emerge on the market with its very own label, albeit in the demanding category of the commercial garment. The project assumes the original emblem Up to be and is constructed around the professionalism of Graziano Giannelli, the creator of important phenomenon such as Geo Spirit, Kejio and above all Peuterey. The initiative is accomplished through a partnership which entrusts Beste with the tasks of production and distribution. Up to be, from its debut in January 2012, assumes the outlines of a Men’s and Women’s sportswear collection, distributed in Italy and overseas. This collaboration continues till the end of 2013 and terminates with the production of the collection SS 14. Beste participation at Incipit society – owner of UpToBe brand – stops definitely in 2014.

2012 - Joint VentureBeste does not renounce its industrial calling and decides to shift its own dyeing and finishing know-how into a more competitive context. This turning point takes place in November 2012, by means of the accord reached with Humao in Anqing, an industry giant specialising in weaving natural fibres. The agreement forms the legal outlines of a joint-venture which is brought to fruition through the realisation of a modern establishment in China. From the textile experience of Beste, the industrial power of its oriental partner, and the European technological capacity a theme is being born, with the objective to combine quality, numbers and, at least within certain limits, a competitive price list.

2013 - MonobiThe company after the experience with UptoBe, decides to officially enter the world of B2C apparel, proposing on the market a line capable of representing both the needs of the modern man that the years of technological experimentation in clothing of Beste: MONOBI.

2015 - Strategic strengthening of the garment laboratoryThe internal garment laboratory is expanded both as regards the machinery that for the increase of specialized personnel. This investment represents a clear strategic change: The result can only be a production that responds to very high quality requests, thanks to a even better care of the product and a stringent control over the production.

2016 - The commitment to a sustainable development, the expansion of Monobi and Elective2016- The concepts of sustainability and of social responsibility expand. After years of progress and evaluations on the ecologic front, Beste joins Greenpeace Detox Project, by taking on the responsibility of eliminating by 2020 any sort of negative substances for mankind and for the environment from their productive cycles and from their large supply chains.2016 is also the year that marks a notable step forward in the assertion- within the international fashion landscape- of Monobi as a brand. Its perfect mix between style and functionality, the out of the ordinary combination between natural fibres and highly technological performances, reveals itself as an ideal territory for a more ‘urban and contemporary sensibility. In 2016, the project of expanding the Monobi project to womenswear (that will concretise with the AW 17/18 collection) was born. The same focus on outerwear, the exact same balance between aestethic and functionality, between nature and technology, with a more attentive look at the wearability and at an expanded range of shapes and colours. In addition, in June 2016, Beste enter the Elective project, a capsule collection of trousers that aims to seal the Italian sartorial and textile traditions with a product that has contemporary and ergonomic features. It is the inheritance of the Métrico line where its founder and creative director Claudio Serli transfers a project of high coherence and potential.

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• Beste today represents an International Benchmark for high-end fabrics and mixed fabrics enriched with unique dyeings and finishes. This is the result of over twenty years of experience matured in the Beste plant in Prato;

• Leader in R&D and development of extremely succesful collections on global scale;

• Clientele represented by the biggest names in Italian and international luxury sector;

• Cutting-edge production and logistic facilities spread over a total of 20,000 square meters;

• Extremely efficient production machineriy made in Italy, Germany and Switzerland;

• Fabric and garment know- how consolidated over years of experience;

• Historical levels of past and recent profitability;

• Management directly involved in the company’s activity and ownership;

• Complete Customer Service from fabric production to finished garment;

• Unique selling proposition. Made in Italy for luxury customers and Made in China for core programs: a UNIQUE QUALITY;

• Strong position in domestic and international market thanks to our double offering of products Made in China and Made in Italy;

• Systematic control of all production processes: from raw material to finished garment;

• Highly qualified staff with an average age of 36 years.

Beste’s Strengths

Beste Group Story

16 17

PARTECIPANTE UNITÀ VENDUTE

Giovanni Santi 60,75

Matteo Santi 6,75

Santi RE SrL 14,50

Hanhui Huamao 10,07

Altri Soci 7,93

7,93%

10,07%

14,50%

6,75%

60,75% Giovanni SantiMatteo SantiSanti RE SrLHanhui HuamaoAltri Soci

1

H&B Textile TechnologyLtD

Beste SpA

Beste Japan CO LtD

Trade, research and distribution activities

in Japan

Beste China LtD

Research and trade in Far East Market

H&B ShanghaiTextile Technology

LtdProduction and trade of fabrics, designed in Italy

and produced in China in BesteChinese twin plant.

Design, production and trade of fabrics and

garments. Lines:

100 % 100 % 25 %

100 %

Shareholders %:

The Structure of the Beste Group

18 19

Technical Division General Management Joint Venture China

Style OfficeFD

Plant Manager Italy

China

Finance Manager

Tax ManagerJapan HRH&BShanghai

BusinessManagement

Maintenance Production Planning

Agents

Product Office GD

Area ManagerBack Office

OwnershipOrganizational Chart

Italy GermanyHolland - Chorea

France - BelgiumScandinavia

USASpain UK

Head of Production

Planning FD

Head of Production

Planning GD

Sampling Office Technical Director

Plant Manager Anqing

Back OfficeShanghai

H&BShanghai

20 21

Beste has always aimed to be a protagonist in the fashion sector, offering a product recognizable for its simple style but rich in content: the result of an ongoing investigation, ranging from raw materials to design, disclosing state-of-the-art manufacturing techniques. Our collections of fabrics are grounded on the idea of the ennoblement of fibers that are traditionally considered poor, such as cotton. Today our collection proposal is complete both for models and for price, which is renewed almost completely from season to season, keeping constant the personality, style and quality that have made the Beste brand appreciated in the world. The direct control of production chain allows us to ensure the quality even for complex processes, often exclusive.

Sezione Aurea vs BesteAfter a year of appropriate training and trials, Sezione Aurea has finally taken action. It’s no longer an experimental line, indeed it represents the backbone of a company that is able to communicate both with those who aim at a high value product ( generally exclusive) and with all of them who believe in the idea of reaching an accessible quality. Sezione Aurea has the task to detect the most sophisticated market demands thanks to the extended use of textile materials focused on the noble fibers. This fabric choice results in the creation of complex and high density structures that, thanks to special treatments and finishing processes, offer a surprising hand-feel.Beste collection, in its triple articulation, is given the task of satisfying the customers who really control the globalization process of luxury industry. By focusing on a manufacturing system that can operate at the same time in an Italian context- in Prato, to be precise-and in a Chinese system, Beste is able to create a collection characterized by an almost perfect balance between quality and price.Its first specialization is in cotton fabrics that can be developed in Jiada jersey materials, Pontelambro shirt fabrics and Beste flagship woven fabrics in order to provide different solutions for men’s and women’s wardrobe by using a wide range of weights, structures and finishings.

Fabric Division

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Beste - that has always been specialized in dyeing treatments - is diversifying the service from competitors by innovating in colorimetry, equipping the laboratory of the dyeing plant with a state of the art robotic machineries aimed at the scientific reproduction of color. The machine for color test reproduce perfectly the production cycles of the plant, allowing for small-scale test colors, additives, and tissues. The potentialities of the machine, developed by Beste directly with the manufacturer, are extremely high:

• 128 lab dips (test color on fabric) per day• ability to work 24 hours a day• ability to work seven days per week unsupervised• ability to make 46.720 lab dips per year • Formats available: 20x60 10x30• Reports bath from 1:10 up to 1: 200

The same machine has been installed in the laboratory at H&B factory in Shanghai to allow a real alignment with the colorimetric research work conducted in BESTE, in order to reproduce the same benefits in terms of productivity.

The productive potential of this machine are integrated from the point of view of production thanks to investment in robotic machinery for color selection, a robot with high precision for the weighing and the dissolution of the dyes. This tool allows to work directly on dyeing machineries calibrating the chemical components up to a resolution of 0.001 grams. The accuracy in the use of the chemical components is consistently reducing at minimum productions mistakes and completely eliminating human intervention in the operations of weighing, increasing the safety and health of workers, making the use of chemicals and dyes completely digitized.

Fabric DivisionBeste color innovation

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Fabric Divisionthe collections

Beste returns to its originary proposal in order to confirm its production philosophy: the modern interpretation of the traditional fabric thanks to the state-of-the-art technology. Beste is proposed as a line of high quality fabrics which aims to meet the needs of both menswear and womenswear covering all product categories. It’s a proposal for casual wear but sophisticated in materials - ranging from cotton, linen, silk, wool - the hand is soft but compact.

Pontelambro is recognizable as a sophisticated niche: the collection offers a wide range of shirting fabrics which are distinguished by material, threads and processes, absolutely unusual for the category. Beste wants to propose articles that exceed the simple appearance -ie the more common printed fabrics- but want to investigate with Pontelambro aspects such as elegance, precious materials and comfort through innovation in finishing.

The name, Sezione Aurea, (Golden Ratio in English) returns to the classical canons and to a sense of harmony and balance. A name which declares its firm desire to cultivate a product capable of expressing the excellence of the Italian textile tradition and to therefore capture the most demanding and sophisticated section of the market. It is an ambitious objective, which Beste has been able to reach through its synthetic collection and a concise profile. In a summa- rised collection of never-redundant noble-fibres of initially sixty to seventy items, to which there have been additions along the way: from silk to Japanese paper, from mohair to exclusive sea-island cotton and from complex structures, double-sided, or laminated, with aesthetics which have at last salvaged the Italian, and in particular Prato’s capacity to exalt supporting textiles. Sezione Aurea is a microcosm of excellence which reflects the know how that Beste has established over the span of twenty years. But the designer, Piergiovanni Donatucci’s authentic expression is also echoed. He affixes his signature onto each flag and regularly presents the collection to clients, guiding each one into the field of woven culture, refinement and also an artisanal approach which assumes industrial systems and organisation.

In the vast world of the jersey, Jiada from the beginning has always had a very peculiar intonation peculiar: a constant research aimed at matching the high density and compactness of fabric construction to finishing in a very sophisticated and atypical way for the world of Jersey, thus represents its distinctive feature and makes it the unmistakable mark of a collection that has never chased the market. The consistency of the collection has been rewarded with a strong international distribution and with a reputation that goes beyond the results of the turnover, however, always increasing. Suitable for both men and women, the proposal ranging from from t-shirts weights to the consistency to suit or even outerwear. The collection addresses - with the same quality approach - each type of fiber, from cotton to wool, mohair from cashmere and silk.

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30 31

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Fabric Divisionthe production phases

• Design

• Purchase

• Spinning

• Twisting

• Weaving

• Deying

• Finishing

• Sales of Textiles

We begin with textile design: once the

product specificities are defined, often in

collaboration with the client, we proceed to

purchase the raw materials, mostly cotton

and flax yarn.

Once we have received the yarns, we

begin the manufacturing process with

warping and twisting operations, before

the weaving phase commences. This is

entirely managed through a sophisticated

computerized system which ensures the

desired design and weave.

After this the raw textile is ready for the

long and complex processes of dyeing

and finishing. In the interest of Beste’s

expertise, which have been developed over

the course of more than twenty years of

work, our state-of-the-art equipment is

constantly updated. We have developed

our capacity to offer an original product,

while being highly stylistic and innovative,

and unique in respect to our competition.

After the finishing processes, the final

fabric, ready to be used in the realisation of

garments, is sold to customers,

or transferred to the Garment Business

Unit for the following confection process.

It is important to note that we not only

perform the tasks of dyeing and finishing

on fabrics , but also on textiles sourced

from third parties.

Impregnation Storage

Washing for desizing

Heat setting

Bleaching

Mercerisation

Dyeing

Drying

Colour inspection

Resewing

Buffing

Airo washing

Raising

Shearing

Equalizing

Sanforisation

Steaming

Coupling

Printing

Quality control

Packing and Shipment

Indicatively, the stages of finishing and fabric

finishing include the following steps:

34 35

Garment Division

When the Beste Garment Division was created, exactly ten years ago, its specific task of widening Beste product range, offering a service in addition to fabric design, that is, garment sampling and production.The formula proved to be successful and has guided many companies, both Italian and foreign, in the delicate processes of outsourcing that have characterized the entire fashion industry over the past ten years.For Beste, this type of customer service is still a core value. Yet it’s not the only one: our Garment division has been able to strengthen its identity by developing a number of specializations that make it one of a kind in the international panorama.The focus on technologies that allow garment to be assembled by eliminating or supplementing traditional seams, has turned Beste into a kind of laboratory in which, we systematically and continuously study fabrics, finishings, and their potential impact on modern clothing, as well as revisiting products such as the trench coat or parka.This evolution has had such acceleration to impose to Beste a further leap in quality: in June 2015 the company has implanted a production laboratory by integrating a technological and innovative production system with a sophisticated approach to tailoring. It represents an organizational choice but also a commercial one. More precisely, it is a message addressed to all the companies who have an integral idea of a quality comprehensive of material respects, ethical requirements, transparency, control and sustainability.This vision today is represented at its fullest in the MONOBI project, the company owned brand launched in mid-2014.

36 37

Monobi’s debut on the fashion scene goes back to the autumn of 2014. The brand approaches the marketplace with a collection of outerwear for men with one strong main concept: to instil the rich and wide technological assets typical of garments with more technical purposes onto urban items of clothing. A general criterion of luxury is what orientates and moves the entire project. Luxury considered as a 360* quality, starting with the textiles and materials and ending with the idea of comfort, functionality and duration over the time of each single item. The repertory of technologies used for the development of each piece of clothing brings Beste to build up an entire production context completed with lasers, ultrasound machines and pressure sealers along with a team of experts increasingly more numerous and with particular technical skills. Its balanced mixed between natural fibres and evolved technology, between functionality and style, proved to be in great syntony with the international market. That’s why, three years since its creation, the project has a strong international diffusion and observes positive feedbacks from Europe to Asia, with particular attentions and praises by the Japanese market. This growth is evidenced by a decisive increased turnover that in 2015 reached 250.000 euro and in 2016 it will be doubled up to 500.000 euro.

Thanks to this success, Monobi decided to expand its clothing range to womenswear starting from next AW 17/18 with a compact capsule with a strong identity. Technology, functionality, design and precious materials are going to be united into a meaningful collection that reconnects with a woman’s peculiarity and her way to approach her daily life.

The expansion of Monobi manand the creation of the womanswear’s line

Garment Division

38 39

40 41

Beste is showing an impressive ability of maintaining equilibrium between traditional handcrafting and a industrial vision and this demonstrate a source of great potentialities. Before anything else, this is a work philosophy that can easily apply to different occasions and projects and it’s on these premises that Beste, with the SS 17 collection, enters the Elective project. A fashion line of trousers that unifies the features of authentic sartorial traditions with modern shapes and cuts as well as a maniacal attention to the materials selected for each piece. Elective is the inheritance of the historical brand Métrico, result of the creativity and experience of its creator Claudio Serli.

Additionally the garment division continues the process of revolutionize the down jacket. After years of research, today the company offers to the market – ahead of its time - the fully welded down jacket .

Finally, the Garment division continues to develop shirting style, relying on a textile collection of great heritage (Pontelambro collection) and a production structure tested over the years for reliability, precision and quality.

Elective projectGarment Division

42 43

Garment Divisionthe Production Phases

• Design

• Prototyping

• Sample

• Purchase

• Cutting

• Confection

• Trimming

• Quality

• Control

• Sales

The value chain of the Garment Business Unit begins with garment design, which is executed internally

by our style office, in collaboration with the Fabric Division, in order to benefit from the company’s

know-how even in the choice of fabrics. While the collections are generally designed autonomously to

be presented to the end customers, in some cases there are closer collaborations, where the customer

asks the Group to design a garment according to certain specifications. During the design and

construction of the garment, we are able to tap into ideas and insights from the extensive archive that

has been developed over time.The design phase concludes with the completion

of the prototype, on the basis of which the sample garments are produced to be shown to the

customers. Both of these tasks, due to their strategic importance, are carried out internally by a tailoring

department which guarantees quality and quick execution, in addition to confidentiality.

Once the collection of has been created, it is presented to the customers, and on the basis of

the orders obtained and requirements, fabrics are acquired within or outside our Group. The fabric is cut

internally by an efficient cutting Department, using technologically advanced equipment, and then sent to

external manufacturers for the confection phase.We entrust the manufacture of garments to suppliers located: In Italy: there are about 18-20 laboratories

situated in close proximity to the Beste premises in Prato, many of them producing exclusively for us.

In Eastern Europe: we can count on more than 20 laboratories, carefully selected, and situated

predominantly in Romania, where Beste is continuously dedicated to the organisation and

monitoring of production. The decision to realize the production in Italy, rather than the Far East

depends on the price and quality levels established for the final product, other than eventual requirements for the “Made in Italy” tag.44 45

46 47

48 49

Beste and Huamao Joint VentureH&B - BesteThe combined expertise of two complementary businessare creating new synergies:together with the goal of “made in Italy” quality products and competitive prices

HUAMAO Strengths

• Among the 500 most important companies in China

• Turnover of 4 billion RMB, 13 manufacturing plants, more than 6,000 employees, 500,000 spindles for spinning, 1054 sets of looms for weaving

• International customer base

• More than 70 years of history and experience in the textile

• Confirmed production specialization in spinning and weaving

• Production based on strong economies of scale

• High production capacity

• European quality standards

• Solid and ongoing relationship with Beste

BESTE Strengths

• Highly trained and specialized personnel, 130 employees

• Know-how and experience that aim at renew the traditional business of Prato: fabric finishing

• “Made in Italy” production, in the property plant (20,000 square meters)

• Continuous R&D on product, both on apparel and fabrics

• Heavy investment in modern machinery

50 51

52 53

Founded in 2012 close to the powerful industrial triangle of Zhejiang, Jiangsu and Shanghai or the region of the Yangtze River Delta;

Ownership is composed of 75% of Huamao capital and of 25% of Beste capital. Huamo becomes also direct shareholders of Beste company, expressing the strong will of creating a solid business.

R&D centre in ITALY, at BESTE headquarters; production carried out in the Chinese factory in Anquinq with 100% technology borrowed from the Italian factory of BESTE;

Original Italian quality, dyes and finishes made in CHINA but with much lower costs than Europe in order to meet the needs of the globalized market;

Strong economies of scales;

Better market penetration (customers) different and alternative to the BESTE one (made in italy).

After a year from the opening of the H&B plant in Shanghai, the company is considering what gained on three different levels:

Production: 2015 showed a 77.5% growth in production as compaired to 2014. The orders collected during the first four months of 2016 represent the 69% of the total production of 2015. The average batch is of 1.600 mt/batch. After a start-up period and a fine tuning of the new plants, a decrease of 4% on quality defects is expected to occur by reaching an average of 3% on the whole plant.

Alignment: So far, In H&B 472 colors have been read and the defects for wrong recipes don’t exceed 0.2%. This is an amazing result that reflects Beste technological potential.

Integration: H&B multiculturalism represents surely an organizational strength but also the biggest challenge in term of management. The training done by Italians directors and managers leads them to reduce more and more their direct intervention to delegate to the Chinese colleagues. In fact, since January 2014 the presence of the Italian staff has been reduced by 50%.

The Synergies Created The results after two yearsH&B - Beste

54 55

Mig

liaia

di e

uro

-

10.000,0

20.000,0

30.000,0

40.000,0

2012 2013 2014 2015

FabricsGarments H&B

2012 2013 2014 2015Fabrics 17.578,3 19.235 22.900 20.200 Garments 10.049,7 7.852 5.700 3.370 H&B 2.786,00 4130

27.628 27.087 28.600,00 27.700,00

1

Net Revenue

Despite the unfavorable economic trends between 2011-2013, it’s possible to see that the company is fully recovering. The positive

results reached in 2014 shall be adduced to H&B business H & B and above all to the constant development of the fabric division

the textile division.

Turnover and Financial DataHistorical Development

REVENUES2012 27.628 2013 27.087 2014 28.600 2015 27.700

Mig

liaia

di e

uro

27.000

27.500

28.000

28.500

29.000

2012 2013 2014 2015

1

EBITDA

EBITDA2012 1.410 2013 1.198 2014 1.420 2015 1.550

Mig

liaia

di e

uro

-

400

800

1.200

1.600

2012 2013 2014 2015

1

Turnover splitted per Business Unit

56 57

Revenues 2013

The geographical distribution of the revenues of the past three years

is a mirror of Beste ability to move quickly in the markets, measuring the economic conditions of the different

countries.

PARTECIPANTE UNITÀ VENDUTE

ITALY 26,00

ROW 24,00

DIR. 11,00

UK 11,00

USA 10,00

FRANCE 9,00

SPAIN 9,00

9,00%

9,00%

10,00%

11,00%

11,00%

24,00%

26,00%ITALYROWDIR.UKUSAFRANCESPAIN

1

Revenues 2014

Revenues 2015

PARTECIPANTE UNITÀ VENDUTE

ITALY 31,00

UK 18,00

FRANCE 12,00

ROW 11,00

DIR. 11,00

USA 10,00

SPAIN 7,00

7,00%

10,00%

11,00%

11,00%

12,00%18,00%

31,00%

ITALYUKFRANCEROWDIR.USASPAIN

1

PARTECIPANTE UNITÀ VENDUTE

ITALY 29,00

ROW 16,00

UK 14,00

FRANCE 12,00

SPAIN 10,00

DIR. 10,00

USA 9,00

9,00%

10,00%

10,00%

12,00%

14,00%

16,00%

29,00%

ITALYROWUKFRANCESPAINDIR.USA

1

Turnover and Financial DataHistorical Development

58 59

Mig

liaia

di e

uro

-

10.000,0

20.000,0

30.000,0

40.000,0

2015 2016 2017

FabricsGarments H&B

2015 2016 2017Fabrics 20.200,0 21.000 21.500 Garments 3.370,0 6.500 7.000 H&B 4.130,0 5.000 5.250,00

1

EBITDA

EBITDA2015 1.550 2016 1.580 2017 1.650

Mig

liaia

di e

uro

1.500

1.550

1.600

1.650

1.700

2015 2016 2017

1

Revenue Forecast forBusiness Unit

Given the strength of the positive results obtained in 2014 Beste envisages a

steady increase in revenues: The consolidation of the at H & B

Shanghai starts to become relevant in terms of revenues as the repositioning of

the laboratory of the garment division can get the first positive results.

Financial DataForecast

60 61

Beste’s commitment to the environment

Beste’s commitment to the environment is reflected in the implementation of our ‘Integrated Management System’, which ensures that measures linked to all aspects of our enterprise are undertaken. The Environmental Policy has been spread by means of various initiatives which aim to raise awareness, inform and educate our staff and collaborators. We regularly re-examine the outcomes and results of our policy in order to define new goals and plans for our continued commitment to the environment for the following year. The steps we undertake have been rewarded with the environmental certification EMAS, which was first granted in October 2004, and has been regularly updated since. We have obtained certificates ISO 9001, ISO 14001: Beste in fact was one of the first three dyeing plant in Italy to receive the ISO 14001 certification and the first among the woolen mills in Prato to obtain the ISO 9001 certification in the nineties.To optimize and better our production processes, we search for ever more innovative and environmentally compatible technologies and sophisticated automotive systems to prevent pollution and limit human contact with chemical products. This is further reiterated by our commitment to not use substances (chemicals, colourants and finishing products) which are harmful to the environment and to the health of our workers. We further guarantee the resources (human, economic and infrastructural) needed the pursue theseobjectives, which are always updated and modified according to the findings of extensive and frequent environmental analyses. Beste’s latest initiative that seeks total elimination of fluorocarbon resins used for waterproofing treatments to fabrics by 2015 The fluorocarbon resins were indeed condemned as cangerogene for the man from Greenpeace; Europe and the United States are taking action to reduce the quantities over the next two years.

Last example of Beste commitment is the elimination of fluorocarbon resin (carcinogenic for Greenpeace researches) from production cycle as defined in 2014. Beste has always been a pioneer in terms of ecology compliance and working conditions, the company has always been sought by customers because one of the few able to offer an high quality product which cannot be separated from the principles of ecological ethics and work.

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Beste group has always sought to assume its responsibilities. Also towards the environment.Its strict approach results in challenges that are increasingly important. And also in higher and higher achievements. In June 2016, its initial general purpose of producing textile products with a low environmental and human impact resulted in the commitment to Greenpeace Detox project.It’s one of the most restrictive and binding protocol that aims to eliminate, from production cycle and supply chain, all the toxic releases that can be harmful to environment and human health by 2020. It’s a hard choice, especially from the perspective of the industrial structures, but it’s not seen as a duty or an imposed limit to creativity. Indeed, it can be considered as an extension of the concept of service that now includes material products as well as customers’ requirements and ideal needs.

link http://www.greenpeace.org/international/en/campaigns/detox/ link http://www.beste.it/detox/

Finally both the plants of the company are constantly restructured and implemented in order to develop a real green system. In 2016 the company will be involved in the completion of activities aimed at saving environmental resources. In 2015, 100% of Beste logistic and production plant lighting structures were replaced with new LED lamps. The dimming is a natural completion of the lighting structures energy efficiency. In 2016 our plant will be dimmed according to the natural light of our installations and this will result in a reduced mains power consumption.

We are also proud to be one of the first companies in the district to have a photovoltaic system, fully functional.

BESTE (Ponte di Colle) Power: 300.3 kWptotal energy produced (year ref. 2015): 304.720,25 kWh% Energy produced on demand facility (year ref. 2014): 8.15%

BESTE LOGISTICA (Usella)Power: 60.48 kWptotal energy produced (year ref. 2015): 57.082 kWh% Energy produced on demand facility (year ref. 2014): 36.55%

Beste & sustainability

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Beste Groupvia Primo Levi, 659022 CantagalloPrato - ItalyTel. +39 0574 98281Fax +39 0574 9828888beste@beste.it

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