#1V VERSACE CAPRI HOLDINGS LIMITED MICHAEL KORS JIMMY CHOO June 29, 2021 INVESTOR DAY John Idol, Chairman & Chief Executive Officer Tom Edwards, Chief Financial & Chief Operating Officer Jonathan Akeroyd, CEO Versace Hannah Colman, CEO Jimmy Choo#2SAFE HARBOR STATEMENT This presentation contains statements which are, or may be deemed to be, "forward-looking statements." Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of Capri Holdings Limited (the "Company") about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. All statements other than statements of historical facts included in this press release may be forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "plans", "believes”, “expects”, “intends", "will", "should", "could", "would", "may", "anticipates", "might" or similar words or phrases, are forward-looking statements. These forward-looking statements are not guarantees of future financial performance. Such forward- looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions, which could cause actual results to differ materially from those projected or implied in any forward-looking statements. These risks, uncertainties and other factors include the impact of the COVID-19 pandemic, levels of cash flow and future availability of credit, compliance with restrictive covenants under the Company's credit agreement, the Company's ability to integrate successfully and to achieve anticipated benefits of any acquisition and to successfully execute our growth strategies; the risk of disruptions to the Company's businesses; risks associated with operating in international markets and our global sourcing activities; the risk of cybersecurity threats and privacy or data security breaches; the negative effects of events on the market price of the Company's ordinary shares and its operating results; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related to the Company's businesses; fluctuations in demand for the Company's products; levels of indebtedness (including the indebtedness incurred in connection with acquisitions); the timing and scope of future share buybacks, which may be made in open market or privately negotiated transactions, and are subject to market conditions, applicable legal requirements, trading restrictions under the Company's insider trading policy and other relevant factors, and which share repurchases may be suspended or discontinued at any time, the level of other investing activities and uses of cash; changes in consumer traffic and retail trends; loss of market share and industry competition; fluctuations in the capital markets; fluctuations in interest and exchange rates; the occurrence of unforeseen epidemics and pandemics, disasters or catastrophes; political or economic instability in principal markets; adverse outcomes in litigation; and general, local and global economic, political, business and market conditions, as well as those risks set forth in the reports that the Company files from time to time with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended March 27, 2021 (File No. 001-35368). Any forward-looking statement in this press release speaks only as of the date made and the Company disclaims any obligation to update or revise any forward-looking or other statements contained herein other than in accordance with legal and regulatory obligations.#3CAPRI OVERVIEW VERSACE JIMMY CHOO INVESTOR DAY PROGRAM MICHAEL KORS Q&A#4CAPRI'S STRATEGIC PILLARS Maximize the full potential of our three distinct fashion luxury brands Design innovative and exciting fashion luxury product Create compelling communication to deepen consumer desire and engagement Leverage seamless omni-retailing capabilities to accelerate revenue growth Build upon our corporate values with communities both internally and externally#5CAPRI REVENUE AND EARNINGS GROWTH OPPORTUNITY OPERATING MARGIN EPS $5.6B 13.6% F2020 $3.89 $4.1B 10.7% F2021 $1.90 *US GAAP results adjusted for special items ~75% ~$5.15B ~14.0% F2022E ~$5.9B ~16.5% F2023E $3.80-$3.90 ~$5.00 ~$7.0B ~20% FUTURE#6Versace Jimmy Choo Michael Kors CAPRI REVENUE BY BRAND $5.6B 15% 10% 75% F2020 $4.1B 18% 10% 72% F2021 ~$5.15B 19% 10% 71% F2022E ~$5.9B 21% 11% 68% F2023E ~$7.0B 26% 11% 63% FUTURE#7Asia - EMEA Americas CAPRI REVENUE BY REGION $5.6B 17% 26% 57% F2020 $4.1B 21% 25% 54% F2021 ~$5.15B 22% 24% 54% F2022E ~$5.9B 25% 25% 50% F2023E ~$7.0B 28% 25% 47% FUTURE#8Licensing Wholesale Retail CAPRI REVENUE BY CHANNEL $5.6B 4% 33% 63% F2020 Retail includes stores and E-commerce $4.1B 4% 25% 71% F2021 ~$5.15B 4% 25% 71% F2022E ~$5.9B 4% 23% 73% F2023E ~$7.0B 4% 22% 74% FUTURE#9Versace Jimmy Choo Michael Kors CAPRI RETAIL STORE BASE 1,271 206 226 839 F2020 1,257 210 227 820 F2021 1,260 210 240 810 F2022E 1,270 230 260 780 F2023E 1,230 250 280 700 FUTURE#1013.6% F2020 CAPRI OPERATING MARGIN EXPANSION OPERATING MARGIN 10.7% F2021 ~14.0% ~16.5% ~20.0% F2022E F2023E FUTURE *US GAAP results adjusted for special items MARGIN DRIVERS F2021 to FUTURE (Basis Points) GROSS MARGIN MIX EXPENSE LEVERAGE ~300 ~400 ~200#11● ● CAPITAL INVESTMENTS APPROXIMATELY $200M PER YEAR Expand luxury store fleet Renovate stores Invest in digital technology Create common corporate platforms DIGITAL TECHOLOGY CORPORATE PLATFORMS 25% 15% 60% STORES#12ALLOCATION PRIORITIES Near-term: Invest in business Repay debt ● CAPITAL ALLOCATION ● Longer-term: • Return cash to shareholders ● Luxury acquisitions ● DEBT REDUCTION $2.4B $1.6B Net Debt $1.1B $0.8B $0.3B F2019 F2020 F2021 F2022E F2023E *Targeting <2.0x leverage ratio#13CAPRI REVENUE AND EARNINGS GROWTH OPPORTUNITY OPERATING MARGIN EPS $5.6B 13.6% F2020 $3.89 $4.1B 10.7% F2021 $1.90 *US GAAP results adjusted for special items ~75% ~$5.15B ~14.0% F2022E ~$5.9B ~16.5% F2023E $3.80-$3.90 ~$5.00 ~$7.0B ~20% FUTURE#14CAPRI OVERVIEW INVESTOR DAY PROGRAM VERSACE JIMMY CHOO MICHAEL KORS Q&A#15VERSACE VERSACE BRAND GROWTH INITIATIVES FINANCIAL OUTLOOK BREAGE#16CELEBRATING ICONIC ITALIAN HERITAGE AND UNAPOLOGETIC GLAMOUR holic#17DONATELLA VERSACE'S BRAND VISION "FASHION IS ABOUT PEOPLE. IT IS ABOUT HOW WE HOW WE EXPRESS OURSELVES AND SHOW OUR STRENGTH AND POWER.” U with it www#18JAE GLAMOROUS#19柒 BOLD SU#20柒 ROCK & ROLL elelely HAEAAAE Enten#21VERSACE VERSACE BRAND GROWTH INITIATIVES FINANCIAL OUTLOOK MAR#22GROWTH INITIATIVES ● ● - ● COMMUNICATION STRATEGY Capitalize on high brand engagement and awareness Reinforce three house pillars Accelerate database growth ● PRODUCT STRATEGY ● VERSACE • Further capitalize on iconic brand codes Drive Signature across all product categories ● OMNI-CHANNEL STRATEGY Increase omni capabilities to grow E-commerce to $500M Increase global retail footprint to approximately 300 stores Increase store sales density ● Expand accessories to $1 billion More than double footwear revenue REGIONAL STRATEGY Asia ● ● Americas EMEA#23STORYTELLING THROUGH CONTENT VISSACE whi LEVDE 12/ VERSA 3#24NONG Donate SPRING-SUMMER 21 CAMPAIGN 20-0 posssys#25LA VACANZA SUMMER 21 CAMPAIGN VERSACE AF#26FALL-WINTER 21 CAMPAIGN VA 2#27DUA LIPA ACCESSORIES AT THE FOREFRONT IRINA SHAYK OLA FARAHAT HAILEY BIEBER PRECIOUS LEE DEVON CARLSON GILDA AMBROSIO EVANGELIE SAMI MIRO DENNI ELIAS EMRATA CAROLINE DAUR 0033 La Medusa @donatella versace LORI HARVEY LEONIE HANNE Some backstage moments with matching outfits atella versace HEIR ALEALI MAY KRISTEN CRAWLEY SIMI & HAZE TIFFANY HSU#28ACCESSORIES AT THE FOREFRONT SACE PALM BEACH-MIAMI HAMPTONS ASPEN What You SHOP What You EAT What's Ahead & What You NEED THE JOYS Right Now! of SPRING [with DONATELLA VERSACE] ront row CLASH OF the textures MADED STARRISH SCAPTURACHANDRAGLAND THENTAN YOUR COM CAW OF ASICNOGADS AND GET CREATIVE WIDYOUR STYLING MENGAND SORASOOK THAT EVOKES OF AMONG THECHOS Fashion LEGEND VERSACE'S GREATEST HITS BEN THE HONEY WALONG Sands 6 FLNG FRONTER JENNER MORTE A VERSA CASEL FRA THE ENERGY YOU FEEL FROM HAVING A REAL AUDIENCE CANNOT BE SUBSTITUTED BY A SCREEN OLUNA the that the p and beg The la The bat device why t y will do the ristises balainas ka form you with Thonyndh Mert & Ma lyddadration de dois ndjen med b temach at the of Wi we chay ch tre he had berage and pak Tiny N dopl of How top cting these store testoster ed in the d that was your mothe hoe date your be fermed din they complowly off opend h They' dhe do the what they ald and Make it (purple) rain www.spor type of of my hea mee Benac Wid puthin this will look ing the learned cong year wh offerindo Nung po pre iptal ed We had the working What has been bo ngh by the ανα de belegg Opalli ver ang wi to sh bet bei Kdo ww g and Apodemy wd www.waw. ad hd whanation. The world 2030 They th what the qu fy The ng-No you d reyroportor Tt.w bayan pelancocer that open gesteckt word en vanlig spora ander ty www Vide You're the departe wth and having What w sesareng up this year? THE BAG OF THE SEASON! LAMIDUSA HANDBAD collemoniusang ont black orange, perkablo tal of the where, and thagan ALC MAKING CONNECTIONS Link up with spring's chest cheie detal JONGHYUP SON P#29THE MUSES GLOBAL INFLUENCERS THE AUTHENTICATORS THE MEGAPHONES THE AMPLIFIERS#30CHINA BRAND AMBASSADOR BETTY WU wo#31GLOBAL SOCIAL FOLLOWING A GLOBAL AUDIENCE OF 40 MILLION ENGAGED FANS INSTAGRAM o TOP FASHION BRAND 24M FACEBOOK f MOST ENGAGED BRAND YOUTUBE BEAUTIFUL VIDEO CONTENT ✔ 6M 301K TWITTER TOP LIVING DESIGNER PINTEREST TIKTOK WEIBO √6 PRODUCT CONTENT DISCOVERY DISCOVERY CHINESE SOCIAL PLATFORM 5M 226K 59K 984K WECHAT CHINESE MESSAGING APP 355K#32ACCELERATE DATABASE GROWTH 3M F2021 10M GOAL#33PRODUCT STRATEGY 20 CAPITALIZE ON ICONIC BRAND CODES ACCESSORIES TO $1B EXPAND rear 222 MORE THAN DOUBLE FOOTWEAR DRIVE SIGNATURE#34CAPITALIZE ON ICONIC HOUSE PILLARS ACROSS CATEGORIES VA LA GRECA 369 LA MEDUSA www VIRTUS#35VERSACE Yalo SPD APPL VERSACE ACCESSORIES GROWTH STRATEGY ph 22004 ph CAPITALIZE ON LA GRECA SIGNATURE PATTERN DEVELOP LA MEDUSA TO FULL POTENTIAL BUILD ON CONTINUED STRENGTH OF VIRTUS#36CAPITALIZE ON NEW LA GRECA SIGNATURE PATTERN VERSA FERSACE TESSATHE AAAA ddddddd MESACE VERSACE VERSACE WWW EESSARY Addede Artic TRAT VEGSACT S 300 VERSACE wwwww 554 JAR DE ERS 42%#37DEVELOP LA MEDUSA TO FULL POTENTIAL Boooooods#38BUILD ON THE CONTINUED STRENGTH OF VIRTUS#39GROW ACCESSORIES TO 50% OF REVENUE Establish authority as a luxury leather house Continue to focus on existing pillars- Virtus & La Medusa Launch Greca Signature Pattern for Fall-Winter 21 — $200M F2021 $1B GOAL#40LEVERAGE ICONIC BRAND CODES GROW FOOTWEAR VERSACE Pre EXPAND SNEAKER OFFERING CAPITALIZE ON WOMEN'S FOOTWEAR OPPORTUNTY#41SNEAKERS Expand Sneakers offer leveraging recognizable house codes AC Jarr YON NECE GILLE#42VERSACE FOOTWEAR Capitalize on women's footwear opportunity FURTER#43DRIVE SIGNATURE ACROSS CATEGORIES#44VERSACE PRODUCT MIX PROGRESSION LICENSING 9% MEN'S RTW 32% ACCESSORIES 25% F2020 WOMEN'S RTW 20% FOOTWEAR 14% LICENSING 5% MEN'S RTW 15% WOMEN'S RTW 15% GOAL ACCESSORIES 50% FOOTWEAR 15%#45OMNI-CHANNEL STRATEGY Develop omni-channel capabilities Increase E-commerce to $500M Increase global store fleet to 300 Improve store sales density VERSACE GEAR VERSACE VERSACE 11 MONTENAPOLEONE VERSACE#46PROVIDE ENGAGING OMNI-CHANNEL EXPERIENCE DRIVING THE CONSUMER ONLINE & IN STORES VERSACE Store Fulfillment In-Store Order VERSACE VERSACE Brand Search VERSACE Mobile First User Journey Versace Communications VERSACE Consolidated Warehouses Click & Collect Omni Live Chat VERSACE Versace Clienteling#47• Accelerate database growth and ● productivity ● INCREASE E-COMMERCE TO $500M ● Use customer insights and data to increase engagement and amplify storytelling Expand accessories offering $90M F2021 5X $500M GOAL#48INCREASE GLOBAL RETAIL FOOTPRINT TO 300 STORES Asia EMEA Americas 206 116 60 30 F2020 210 119 57 34 F2021 210 116 55 39 F2022E 230 130 60 40 F2023E 300 180 70 50 GOAL#49* VERSACE STORE SALES DENSITY $1,400/SQ FT F2020 Store sales per square foot calculated off of gross square footage $3,000/SQ FT GOAL#50VERSACE VERSACE VERSACE BOND STREET 308 RUME VERSACE VERSACE LONDON * 40#51VERSACE RUE SAINT HONORE VERSACE PARIS#52VERSACE VERSACE Bradion VERSACE CAESAR'S PALACE VERSACE M LAS VEGAS 92#53VERSACE PLAZA 66 VERSACE SHANGHAI Too Mes#54● ● ● REGIONAL GROWTH STRATEGY ASIA Significantly increase investment in localized marketing Focus on E-commerce growth Upgrade and refurbish the entire store fleet • Increase travel retail store count $280M F2020 $240M F2021 $700M GOAL#55REGIONAL GROWTH STRATEGY AMERICAS Grow and continue renovating store fleet Grow sales through rollout of Omni capabilities Increase department store shop- in-shop presence $200M F2020 $200M F2021 $680M GOAL#56● REGIONAL GROWTH STRATEGY EMEA Capitalize on local clientele to increase store productivity Grow sales through rollout of omni capabilities Increase department store shop- in-shop presence $370M F2020 $270M F2021 $620M GOAL#57VERSACE VERSACE BRAND GROWTH INITIATIVES FINANCIAL OUTLOOK 24 Pe#58OPERATING MARGIN VERSACE FINANCIAL OUTLOOK $840M 0.5% F2020 $720M 2.9% F2021 $950-$1B LOW DOUBLE DIGITS F2022E *US GAAP results adjusted for special items ~$1.25B MID TEENS F2023E ~$2.0B LOW 20% GOAL#59Asia - EMEA VERSACE REVENUE BY REGION Americas $840M 33% 44% 23% F2020 $720M 34% 38% 28% F2021 $950M-$1B 34% 37% 29% F2022E ~$1.25B 34% 36% 30% F2023E ~$2.0B 35% 31% 34% GOAL#60Licensing VERSACE REVENUE BY CHANNEL Wholesale Retail $840M 9% 27% 64% F2020 $720M 10% 22% 68% F2021 *Retail includes stores and E-commerce $950M-$1B 8% 21% 71% F2022E ~$1.25B 6% 20% 74% F2023E ~$2.0B 5% 20% 75% GOAL#61VERSACE Capitalize on iconic brand codes Expand accessories to $1B • Accelerate E-commerce and omni-channel development Increase global retail footprint to 300 stores#62CAPRI OVERVIEW VERSACE JIMMY CHOO INVESTOR DAY PROGRAM MICHAEL KORS Q&A#63JIMMY CHOO JIMMY CHOO BRAND GROWTH INITIATIVES FINANCIAL OUTLOOK Ens a Cerere A Gagaga USTESTREGT hanggaga pagagagag 20202020 aga adauga Basaga 29 ا ا ا ا ا ا دا کیا اچھا تھا குங்குகுழ yapacagagagaga gigi ay gaga lavagaya#64JIMMY CHOO CONFIDENT GLAMOUR DARING#65TIME TO DARE#66SANDRA CHOI'S BRAND VISION "GLAMOUR IS AN ATTITUDE, A SENSE OF CONFIDENCE THAT'S NOT LIMITED TO A TIME OR A PLACE."#67JIMMY CHOO JIMMY CHOO BRAND GROWTH INITIATIVES FINANCIAL OUTLOOK $#68GROWTH INITIATIVES ● ● ● ● COMMUNICATION STRATEGY Own glamour through emotional brand storytelling Combine storytelling with data analytics Double database size ● ● ● PRODUCT STRATEGY ● ● ● JIMMY CHOO ● OMNI-CHANNEL STRATEGY Triple E-commerce Enhance omni-channel services Increase global retail footprint to 300 stores ● ● Capitalize on iconic brand codes Grow accessories to 30% of revenue Maximize casual opportunity Introduce new categories REGIONAL STRATEGY Asia EMEA Americas ●#69STORYTELLING THROUGH CONTENT $1 *********#70JIMMY CHOO SPRING 2021 CAMPAIGN#71TE JIMMY CHOO SUMMER 2021 CAMPAIGN 34#72JIMMY CHOO BEACH CAPSULE 2021 CAMPAIGN JIMMY#73ASIA AMBASSADOR CAMPAIGNS ASIA: VICTORIA SONG WEIBO FOLLOWERS: 49.44M INSTAGRAM FOLLOWERS: 3.33M 2 FRIEND OF THE BRAND: CHOI SOO-YOUNG INSTAGRAM FOLLOWERS: 6M#741 REGIONAL STORYTELLING#75OWNING GLAMOUR GLAMOUR EVERYDAY - ANYTIME - ANYWHERE JIMMY CHOO#76HAILEY BIEBER KYLIE JENNER KIM KARDASHIAN CIT INFLUENCING GLAMOUR ZIZI DONOHOE GERALDINE BOUBLIL CAESARS LIZZO CAMILLE CHARRIERE O THE TRIPLETSSS VICTORIA SONG SNOH ALLEGRA ANNA VITIELLO JOLIN TSAI#77ENGAGING OUR COMMUNITY #IDOINCHOO OORD AN#78A GLOBAL AUDIENCE OF 20 MILLION ENGAGED FANS INSTAGRAM BRAND STORYTELLING AND INSPIRATION GLOBAL SOCIAL FOLLOWING 11.3M FACEBOOK f CLIENT ENGAGEMENT AND ECOMMERCE DRIVER 3.9M YOUTUBE CAMPAIGN VIDEO CONTENT 66.1K TWITTER TRAFFIC DRIVING AND CUSTOMER EXPERIENCE 1.5M PINTEREST P BRIDAL AND CELEBRITY CONTENT 209.8K WEIBO CHINESE SOCIAL PLATFORM 603.7K WECHAT CHINESE MESSAGING APP 247.1K#79ACCELERATE DATABASE GROWTH 3.7M F2021 2X 7.5M GOAL#80E CORE COLLECTION PRODUCT STRATEGY ACCESSORIES doo CASUAL COHO KANIC OOHD ANNIC THY CHOO OOLD ANNIS NEW CATEGORIES#81THE CORE COLLECTION CAPITALIZE ON ICONIC BRAND CODES JC MONOGRAM CRYSTAL PEARL#82POLA ini 1 mm 2 246 *** 30338 ** 55555 2635 55 SIGNATURE OWNERSHIP - JC MONOGRAM 455 ex e 2 198 10000 CO 0.0 198 * 0% 30 DO sex $0 " S 2 98 a 39 15358 07 S 3959 3 C.EXC G#83CRYSTAL ***** ******** www#84COOPERATION PEARL#85WIN IN ACCESSORIES#86ACCESSORIES GROWTH STRATEGY ● Increase accessories mix to 30% • Create brand equity through core pillars: JC Monogram, Crystal and Pearl Hero handbag families $90M F2021 3X $300M FUTURE#87VARENNE HERO HANDBAG FAMILIES MADELINE 000 BON BON#88MAXIMIZE CASUAL OPPORTUNITY JIMMY CHOO M#89● ● MAXIMIZE CASUAL OPPORTUNITY Grow casual to 35% of footwear revenue Grow trainers to 25% of footwear sales Reinforce authority in off-duty boots Expand casual footwear $60M F2021 3X $200M GOAL#90SUPERCHARGE TRAINER GROWTH WITH HERO SHAPES HAWAII DIAMOND MEMPHIS#91REALIZE CASUAL OPPORTUNITY WITH EXPANDED FUNCTIONS POOL SLIDES WELLINGTONS SNOW BOOTS 131#92THE POWER OF COLLABORATION CC#93ون JIMMY CHOO VANILLA LOVE CATEGORY EXPANSION JIMMY CHOO#94CATEGORY EXPANSION Reinforce luxury lifestyle positioning ● Expand Beauty lips category Launch ready-to-wear capsule Launch Jewelry collection OO#95JIMMY CHOO PRODUCT MIX PROGRESSION MEN'S 7% ACCESSORIES 17% F2020 FOOTWEAR 73% LICENSING 3% • MEN'S 7% ACCESSORIES 30% FUTURE LICENSING 3% FOOTWEAR 60%#96OMNI-CHANNEL STRATEGY ● Enhance omni-channel services Accelerate E-commerce through localization Increase global retail footprint to 300 stores • Drive store sales density ● JIMMY CHOO#97ELEVATED OMNI-CHANNEL EXPERIENCE DRIVING THE CLIENT ONLINE & IN STORE Social Media Search S Store Order Fulfillment JET Email BRAND COMMUNICATION Frictionless Payment C Stores T Digital Clienteling Curbside Pickup JIMMY CHOO OOHO XNKIP NOCKDY#98● ● ● ACCELERATE E-COMMERCE GROWTH Triple E-commerce revenue Focus on Database growth Drive conversion through personalized journeys powered by data Enhance experience with site redesign and immersive product experiences • Win through localization ● $60M F2021 3X $200M GOAL#99INCREASE GLOBAL RETAIL FOOTPRINT TO 300 STORES Asia EMEA Americas 226 105 76 45 F2020 227 109 74 44 F2021 240 121 73 46 F2022E 260 135 75 50 F2023E 300 165 75 60 GOAL#100JIMMY CHOO STORE SALES DENSITY $1,200/SQ FT F2020 * Store sales per square foot calculated off of gross square footage $1,500/SQ FT GOAL#101JIMMY ww JIMMY CHOO BOND STREET LONDON PY#102THE MALL OF EMIRATES JIMMY CHOO DUBAI#103MADISON AVENUE JIMMY CHOO JIMMY CHO JIMMY CHOO OO NEW YORK CITY JIMMY CHOO Main#104JIMMY CHOO O JIMMY CHOO WATS JIMMY CHOO FO HARBOUR CITY HONG KONG CHOD JIMMY CHOO O#105SHIN KONG PLACE JIMMY CHOO BEIJING#106● ● ● REGIONAL GROWTH STRATEGY ASIA Expand store network Grow E-commerce Accessories and Casualization opportunities Expansion of local ambassador program $170M $170M F2020 F2021 $400M GOAL#107● REGIONAL GROWTH STRATEGY EMEA Increase market share Drive E-commerce growth Accessories and Casualization opportunities Expand Travel Retail $240M F2020 $150M F2021 $300M GOAL#108REGIONAL GROWTH STRATEGY AMERICAS Amplify marketing communications to engage broader consumer base Double E-commerce revenues Expand store network Accessories and Casualization opportunities $150M F2020 $100M F2021 $300M GOAL#109JIMMY CHOO JIMMY CHOO BRAND GROWTH INITIATIVES FINANCIAL OUTLOOK 15#110JIMMY CHOO FINANCIAL OUTLOOK OPERATING MARGIN $555M -2.4% $418M F2020 -13.1% $500-525M -MSD F2021 *US GAAP results adjusted for special items F2022E ~$650M ~ 10% F2023E ~$1.0B ~15% GOAL#111Asia EMEA JIMMY CHOO REVENUE BY REGION Americas $555M 30% 44% 26% F2020 $418M 41% 36% 23% F2021 $500-525M 39% 36% 25% F2022E ~$650M 40% 34% 26% F2023E ~$1.0B 40% 30% 30% GOAL#112JIMMY CHOO REVENUE BY CHANNEL Licensing Wholesale Retail $555M 4% 22% 74% F2020 $418M 4% 21% 75% F2021 Retail includes stores and E-commerce $500-525M 3% 19% 78% F2022E ~$650M 3% 18% 79% F2023E ~$1.0B 3% 16% 81% GOAL#113● ● ● ● JIMMY CHOO Supercharge Brand Heat Drive Accessories Growth Realize full potential of Casual Double client database Triple E-commerce business Increase global retail footprint to 300 stores#114CAPRI OVERVIEW VERSACE JIMMY CHOO INVESTOR DAY PROGRAM MICHAEL KORS Q&A#115MICHAEL KORS MICHAEL KORS BRAND GROWTH INITIATIVES FINANCIAL OUTLOOK#116CELEBRATING 40 YEARS OF TIMELESS FASHION AND JET SET GLAMOUR ANE OS CR SHUBERT THEATRE MICHAEL KORS 40TH ANTVERSARY EH FOR BEAUTIFUL, ELEG#117MICHAEL KORS BRAND VISION "THE JET SET LIFESTYLE IS ALL ABOUT BEING ON THE GO AND LOOKING CHIC EVERY STEP OF THE WAY."#118SPEED MC THEM XIX Love ETEE MEE SESSENEN HO SUNN ENERGY OPTIMISM#119MICHAEL KORS MICHAEL KORS BRAND GROWTH INITIATIVES FINANCIAL OUTLOOK TRADI#120GROWTH INITIATIVES ● ● ● ● COMMUNICATION STRATEGY Emotional brand engagement • Combine storytelling with data analytics Accelerate database growth ● PRODUCT STRATEGY ● ● MICHAEL KORS OMNI-CHANNEL STRATEGY ● ● Increase Signature to 50% of the business Grow MKGO to $500M Build Men's to $500M REGIONAL STRATEGY Double revenue in Asia Resume growth in EMEA Rebalance Americas ● Leverage seamless omni-channel experience Double E-commerce revenue Optimize global store fleet KORS KORS KOFS#121BRAND COMMUNICATION ....... THE EYE HAS TO TRAVEL BRUHD STORYTELLING + CONSUMER COMMUNICATION MICHAEL KORS GOOD MEASURE Whether you need a compact companion or enough room for everything. our softly structured Mina satchel is the epitome of polished ease. SHOP BIG & LITTLE MK MICHAEL KOR NEW SPRING ARRIVALS INSIGHT & DATA-DRIVEN#122MICHAEL KORS SPRING 2021 CAMPAIGN Posty ABRAU NEW YORK CITY#123MICHAEL KORS SUMMER 2021 CAMPAIGN BAHAMAS BY WA MICHAELORS#124MICHAEL KORS FALL 2021 CAMPAIGN BROOKLYN KM VKM MKM CONKED#125CONSUMER COMMUNICATION BRAND MARKETING: III STORYTELLING MICHAEL KORS Q DINE THE EYE HAS TO TRAVEL Sporting fresh spring hues and Signature logo prints, quintessential jet-setter Bella Hadid rediscovers some iconic New York City spots. BRAND + CONSUMER MARKETING +$ COLOR COMMENTARY Striped knits and quilted bags get a chromatic treatment to match spring's optimistic mood. SHOP NEW ARRIVALS ▸ CONSUMER MARKETING: INSIGHT & DATA-DRIVEN $ www BRIGHT OUTLOOK In a rainbow of playful new hues, our Soho shoulder bag is the statement style of the season. SHOP SOHO ▸ SHOP SHOULDER BAGS >#126GLOBAL INFLUENCERS Influencers create local relevance and generates global buzz #MKSoHo amassed 765M social impressions E#12770-01 GLOBAL INFLUENCERS #MKBradshaw influencers generated ~120M impressions MICHAEL KORS MICHAEL 443-4#1280000 GAO YUANYUAN 49.2M followers (Weibo) CHINA AMBASSADORS Combined 120M social media followers LAREINA SONG 15.3M followers (Weibo) XOX MICHAEL KORS XMK)(MK) KMKM XMKMKX WU LEO WU 43M followers (Weibo) FEI (WANG FEI FEI) 8.8M followers (Weibo)#129A GLOBAL AUDIENCE OF 50 MILLION ENGAGED FANS INSTAGRAM TOP FASHION BRAND 16.1M FACEBOOK f GLOBAL SOCIAL FOLLOWING MOST ENGAGED BRAND YOUTUBE BEAUTIFUL VIDEO CONTENT TWITTER TOP LIVING DESIGNER 18.2M 192K 3.3M PINTEREST P PRODUCT DISCOVERY TUMBLR t g+ WATCH- FOCUSED CONTENT GOOGLE+ 253K 40K CONTENT DISCOVERY WEIBO CHINESE SOCIAL PLATFORM BE +1 584K 669K WECHAT CHINESE MESSAGING APP 1.5M KAKAO TALK KOREAN MESSAGING APP 152K LINE LINE JAPANESE MESSAGING APP @ 6.9M#130ACCELERATE DATABASE GROWTH 51M F2021 75M FUTURE#131MO SIGNATURE PRODUCT STRATEGY SUOM KORS KORSK MKGO MEN'S#132CREATING DESIRE WITH SIGNATURE 8818.8.#133Deliver innovative and compelling Signature product across all categories and channels ● SIGNATURE GROWTH STRATEGY ● Growth in signature penetration to 50% of total Michael Kors revenue Signature growth creates higher operating margins $1B F2021 2X ~$2B FUTURE#134MICHA CHAE MKGO SPORTY LIFESTYLE WITH A FASHION FOCUS ORS KORS#135Increase MKGO to $500M ● MKGO GROWTH STRATEGY ● Growth across all product categories 360 marketing strategy online and in store to support the growth opportunity $250M F2021 2X $500M FUTURE#136HA Pizzeria FREE DELIVE H MEN'S GROWTH STRATEGY MADE GE E'RE PEI SKORS KOS KC KORS KORS ------ S KORS KOR KORS 32#137Increase Men's to $500M Lead with accessories ● MEN'S GROWTH STRATEGY ● Maximize Signature Increase category awareness $200M F2021 2.5X $500M FUTURE#138MICHAEL KORS PRODUCT MIX PROGRESSION ACCESSORIES 66% F2020 LICENSING 3% MEN'S 6% WOMEN'S RTW 12% FOOTWEAR 13% ACCESSORIES 57% FUTURE FOOTWEAR 15% LICENSING 3% MEN'S 10% WOMEN'S RTW 15%#139Home Women / Mkgo Lounge US-EN Find a Store CATEGORY CLOTHING HANDBAGS WALLETS SHOES WATCHES JEWELRY ACCESSORIES SALE MICHAEL KORS COLLECTION VIEW ALL WOMENS GIFTS FOR HER SHOPS New Arrivals Show Your Pride Summer Essentials MKGO Lounge Big & Little Shop. Watch Hunger Stop Signature Logo Shop OMNI-CHANNEL GROWTH STRATEGY About KORSVIP WOMEN TIME FOR A WARDROBE REFRESH? DON'T MISS MUST-HAVE STYLES AT UP TO 50% OFF! | SHOP SALE MEN Sort by FEATURED V COLLECTION MICHAEL MICHAEL KORS Logo Stretch Nylon Leggings $98.00 EXCLUSIVELY OURS. NEW ARRIVAL MICHAEL KORS MKGO: WOMEN'S LOUNGEWEAR & ATHLEISURE HANDBAGS WALLETS MICHAEL MICHAEL KORS Logo Print Cotton Terry Joggers $125.00 SHOES WATCHES Sign In Join GIFTS Wish List SALE Bag (1) Search 62 Products View 2 4 Q 4:58 MICHAEL KORS il FATHER'S DAY FINDS Discover our top gift picks for dads, including our Hudson family of bags and accessories. Bold racing stripes and our sophisticated Signature print elevate the daily essentials. SHOP GIFTS FOR DAD#140PROVIDE ENGAGING OMNI-CHANNEL EXPERIENCE DRIVING THE CONSUMER ONLINE & IN STORES Social Media Search Store Order Fulfillment Email BRAND COMMUNICATION Frictionless Payment Stores Kors Connect Clienteling Curbside pickup CHAEL KOTSTOISK Desweds0993 KORS KOR#141DOUBLE E-COMMERCE REVENUE Increase E-commerce to over $1B ● Accelerate database growth and productivity Use customer insights and data analytics to increase consumer engagement Utilize Michael Kors lifestyle authority to expand category offerings $590M F2021 2X >$1B FUTURE#142SELONIER Arch63 GLOBAL LUXURY RETAIL LOCATIONS MICHAEL KORS 2525 54 MICHAEL KORS MICHAEL KORS MICHAEL KORS Whis B Increase Sales Density to Generate Higher Profitability Store Renovations KORS Connect Clienteling Fleet Optimization#143* MICHAEL KORS STORE SALES DENSITY $900 / SQ FT F2020 Store sales per square foot calculated off of gross square footage $1,200 / SQ FT FUTURE#144HAEL KORS WA WA ROCKEFELLER CENTER MICHAEL KORS FRANCACH NEW YORK CITY AT OLAT 28 F AA LE#145VIZEL ROCKEFELLER CENTER ROXANA MIMZNAL LOVE NE EXIT NEW YORK CITY#146MICHAEL KORS MICHAEL KO RUE SAINT HONORE 0 MICHAEL KORS MICHAEL KORS PARIS *** www ******* ******* ***** **** WAAROM ***** ##***#147Hils RUE SAINT HONORE PARIS#148THEIER 46-2 REGENT STREET MICHAEL KORS MICHAEL KORS LONDON MICHAEL KORS#149BLOOM BUD MA REGENT STREET FORLAMA TOTOH 10 LONDON AD Py#150BES S REGENT STREET M EIN LONDON#151Asia LEMEA Americas OPTIMIZE GLOBAL STORE FLEET 839 279 180 380 F2020 820 291 176 353 F2021 810 325 170 315 F2022E 780 335 165 280 F2023E 700 350 150 200 FUTURE#152Double revenue ● REGIONAL GROWTH STRATEGY ASIA ● E-commerce growth Expand database Increase store sales density Accelerate store openings in China Tailored local communication $510M F2020 $450M F2021 $1.0B FUTURE#153Resume revenue growth ● ● ● REGIONAL STRATEGY ● E-commerce growth Expand database Increase store sales density Normalize wholesale Travel retail Department stores o Specialty stores EMEA $820M F2020 $610M F2021 $900M FUTURE#154Rebalance revenue ● ● ● ● REGIONAL STRATEGY ● AMERICAS E-commerce growth Expand database Increase store sales density Optimize store fleet Normalize wholesale o Department stores Travel retail $2.8B F2020 $1.9B F2021 $2.5B FUTURE#155MICHAEL KORS MICHAEL KORS BRAND GROWTH INITIATIVES FINANCIAL OUTLOOK th M S BE MICHAEL KORS MK Ell //////*******#156MICHAEL KORS FINANCIAL OUTLOOK OPERATING MARGIN $4.2B 20.5% F2020 $2.9B 20.3% F2021 ~$3.6B LOW 20s F2022E *US GAAP results adjusted for special items ~$4.0B LOW to MID 20s F2023E ~$4.4B ~25% FUTURE#157Asia MICHAEL KORS REVENUE BY REGION LEMEA Americas $4.2B 12% 20% 68% F2020 $2.9B 15% 21% 64% F2021 ~$3.6B 17% 19% 64% F2022E $4.0B 20% 20% 60% F2023E ~$4.4B 23% 20% 57% FUTURE#158MICHAEL KORS REVENUE BY CHANNEL Licensing Wholesale Retail $4.2B 3% 35% 62% F2020 $2.9B 3% 27% 70% F2021 Retail includes stores and E-commerce ~$3.6B 3% 27% 70% F2022E ~$4.0B 3% 25% 72% F2023E ~$4.4B 3% 24% 73% FUTURE#159B M 20 MICHAEL ORS 3 MICHAEL KORS ● ● Continue to elevate the brand positioning at Michael Kors Leverage our omni-channel capabilities to drive revenue growth Increase our global database to expand our consumer engagement Increase profitability by delivering exciting fashion luxury product#160CAPRI OVERVIEW VERSACE JIMMY CHOO INVESTOR DAY PROGRAM MICHAEL KORS Q&A#161APPENDIX#162Gross profit Operating expenses RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES Total income from operations Income before provision for income taxes Provision for (benefit from) income taxes Net (loss) income attributable to Capri Weighted average diluted ordinary shares outstanding Diluted net (loss) income per ordinary share - Capri 1) 2) $ $ GA $ $ $ $ $ As Reported 2,597 2,578 19 3 (62) $ $ 66 $ $ 150,453,568 $ $ (0.41) $ Impairment Charges (1) (316) 316 316 51 265 1.74 Restructuring and Other Charges (2) $ CA $ $ (32) 32 4 Fiscal Year Ended March 27, 2021 32 $ 28 0.18 GA GA CA Charitable Donations (20) $ COV ID-19 Related Charges 20 $ 20 5 $ $ 15 $ 0.10 $ 10 (32) 42 42 4 38 $ $ $ $ GA $ $ 0.25 $ ERP Implementation (2) 2 2 $ 0.02 $ $ (1) $ 3 $ $ $ Capri Transformation (4) 4 4 1 3 0.02 $ $ $ $ $ $ $ As Adjusted 2,607 2,172 435 419 130 290 152,157,901 1.90 impairment charges of $153 million primarily related to operating lease right-of-use assets and fixed assets of our retail store locations. This amountalso includes $94 million related to goodwill associated with the Jimmy Choo wholesale and licensing reporting units and $69 million related to the Jimmy Choo brand in de finite-lived intangible assets. The Jimmy Choo impairment charges were primarily related to higher discount rates in the current year driven by a change in market factors as well as a shift in expected revenue and earnings mix to the retail segment. Includes store closure costs which have been incorporated into the Capri Retail Store Optimization Program, other re structuring initia tives, and other costs recorded in connection with the acquisitions of Gianni Versace S.r.l. and Jimmy Choo Group Limited.#163Gross profit Total operating expenses RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES Total (loss) income from operations Foreign currency loss (gain) (Loss) income before provision for income taxes Provision for income taxes Net (loss) income attributable to Capri Weighted average diluted ordinary shares outstanding Diluted net (loss) income per ordinary share - Capri 1) 2) $ As Reported 3,271 $ $ 3.463 $ (192) 11 (215) 10 (223) 150,714,598 (1.48) $ FA $ $ $ $ Impairment Charges (1) (708) $ 708 I 708 92 616 $ 4.05 $ $ $ $ $ $ Restructuring and Other Charges (2) (42) $ 42 $ I $ 7 35 42 $ 0.23 $ GA GA $ $ $ Fiscal Year Ended March 28, 2020 Inventory Step-up Adjustment 13 13 | 3 10 $ 0.07 $ 13 $ $ $ $ $ $ ERP Implementation (41) $ 41 41 10 31 $ Capri Transformation $ $ $ 0.21 $ (24) $ 24 $ T 24 $ 6 18 EA $ $ $ GA $ 0.12 $ Acquisition Foreign Currency Effects T (1) COV ID-19 Related Charges $ 0.01 SA GA 1 $ FA FA 1 $ $ 92 (27) $ 119 T 119 As Adjusted 3,376 $ GA $ 16 $ 103 $ 0.68 $ Includes impairment charges of $357 million primarily related to operating lease right-of-use assets and fixed assets of our retail store locations, $180 million related to the Jimmy Choo brand in definite -lived in tangible assets and $171 million related to good will associated with the Jimmy Choo retail and licensing reporting units. 2,621 Includes store closure costs recorded in connection with the Michael Kors Retail Fleet Optimization Plan and other restructuring initiatives, and other costs recorded in connection with the acquisitions of Gianni Versace S.r.l and Jimmy Choo Group Limited. 755 10 733 151,922,050 144 591 3.89