#1VERSACE CAPRI HOLDINGS LIMITED INVESTOR DAY JULY 20, 2022 JIMMY CHOO MICHAEL KORS#2SAFE HARBOR STATEMENT This presentation contains forward-looking statements. All statements other than statements of historical facts included herein 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. Forward-looking statements include information concerning the Company's goals, future plans and strategies, including with respect to ESG goals, initiatives and ambitions as well as the Company's possible or assumed future results of operations, including descriptions of its business strategy. 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, including disruptions or delays in manufacturing or shipments; the risk of cybersecurity threats and privacy of 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; high consumer debt levels, recession and inflationary pressures; 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; extreme weather conditions and natural disasters; political or economic instability in principal markets; adverse outcomes in litigation; and general, local and global economic, political, business and market conditions including acts of war and other geopolitical conflicts; as well as those risks set forth in the Company's filings with the U.S. Securities and Exchange Commission (the “SEC"), including the Company's Annual Report on Form 10-K for the fiscal year ended April 2, 2022 (File No. 001-35368). Any forward-looking statement in this presentation 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 HOLDINGS LIMITED JULY 20, 2022 INVESTOR DAY John Idol, Chairman & Chief Executive Officer Tom Edwards, Chief Financial & Chief Operating Officer Cedric Wilmotte, Versace Interim CEO Jenny Pham, Versace Chief Brand Officer Hannah Colman, Jimmy Choo CEO Helene Phillips, Jimmy Choo Chief Client Officer John Idol, Michael Kors CEO Francesca Leoni, Michael Kors Chief Brand Officer#4CAPRI OVERVIEW VERSACE JIMMY CHOO INVESTOR DAY PROGRAM MICHAEL KORS Q&A#5PPIP CAPRI THREE POWERFUL GLOBAL FASHION LUXURY HOUSES VERSACE HOLDINGS LIMITED JIMMY CHOO U MICHAEL KORS#6PERSONAL LUXURY GOODS MARKET OVERVIEW € 281 2019 € 220 2020 € 288 2021 Source: BAIN-ALTAGAMMA LUXURY GOODS WORLDWIDE MARKET STUDY SPRING 2022 +6% TO +7% CAGR € 305-330 2022E € 360-380 2025E#7CAPRI'S STRATEGIC PILLARS MAXIMIZE THE FULL POTENTIAL OF OUR THREE DISTINCT FASHION LUXURY BRANDS DESIGN INNOVATIVE FASHION LUXURY PRODUCT DEEPEN CONSUMER DESIRE AND ENGAGEMENT THROUGH EXCITING & IMPACTFUL COMMUNICATION LEVERAGE SEAMLESS OMNI-RETAILING CAPABILITIES TO ACCLERATE REVENUE GROWTH BUILD UPON OUR CORPORATE VALUES WITH COMMUNITIES BOTH INTERNALLY AND EXTERNALLY#8CAPRI REVENUE AND EARNINGS GROWTH OPPORTUNITY OPERATING MARGIN* Y/Y FX IMPACT ON REVENUE EPS* $5.55B 13.6% F2020 $(45) M $3.89 $4.06B 10.7% F2021 $107M $1.90 $5.65B 19.0% F2022 $25M $6.21 * US GAAP results adjusted for special items; see Appendix for reconciliation to US GAAP +40% ~$5.85B ~18% F2023E ~$(350) M ~$6.85 ~$8.0B ~20% FUTURE#9CAPRI REVENUE BY BRAND Versace Jimmy Choo Michael Kors $5.55B 15% 10% 75% F2020 $4.06B 18% 10% 72% F2021 $5.65B 19% 11% 70% F2022 ~$5.85B 20% 11% 69% F2023E ~$8.0B 25% 12.5% 62.5% FUTURE#10CAPRI REVENUE BY REGION Asia EMEA Americas $5.55B 16% 27% 57% F2020 $4.06B 21% 26% 53% F2021 $5.65B 17% 26% 57% F2022 ~$5.85B 16% 25% 59% F2023E ~$8.0B 25% 25% 50% FUTURE#11CAPRI REVENUE BY CHANNEL Licensing Wholesale Retail $5.55B 4% 33% 63% F2020 $4.06B 4% 26% 70% F2021 $5.65B 4% 29% 67% F2022 ~$5.85B 4% 27% 69% F2023E ~$8.0B 3% 21% 76% FUTURE#12CAPRI RETAIL STORE BASE Versace Jimmy Choo Michael Kors 1,271 206 226 839 F2020 1,257 210 227 820 F2021 1,271 209 237 825 F2022 1,313 225 243 845 F2023E 1,400 300 300 800 FUTURE#13CAPITAL INVESTMENTS APPROXIMATELY $300M PER YEAR ● ● ● EXPAND LUXURY STORE FLEET RENOVATE STORES INVEST IN DIGITAL TECHNOLOGY CREATE COMMON CORPORATE PLATFORMS INVEST IN EUROPEAN MANUFACTURING STORES 55% 5% EUROPEAN MANUFACTURING 20% 20% DIGITAL TECHOLOGY CORPORATE PLATFORMS#14CAPITAL ALLOCATION ● ● ● ALLOCATION PRIORITIES INVEST IN BUSINESS RETURN CASH TO SHAREHOLDERS REPAY DEBT ACQUIRE ANOTHER LUXURY ASSET DEBT REDUCTION $1.6B F2020 NET DEBT $1.1B F2021 * $1.0B F2022 ~$1.0B F2023E Targeting <2.0x leverage ratio#15CORPORATE SOCIAL RESPONSIBILITY CAPRI'S THREE STRATEGIC PILLARS OUR WORLD CHERSACE OUR COMMUNITY SLOVE QDUP FOOD 000 SI LOVE OUR PHILANTHROPY#16OUR WORLD WE STRIVE TO CREATE THE HIGHEST QUALITY LUXURY PRODUCTS WITH LONGEVITY AND SUSTAINABILITY IN MIND OUR ENVIRONMENTAL COMMITMENTS ARE CENTERED AROUND THE FOLLOWING TOPICS: CLIMATE CHANGE, ENERGY & EMISSION SUPPLY CHAIN TRACEABILITY & COMPLIANCE BETTER LEATHER SUSTAINABLE PACKAGING & REDUCING WASTE go RESPONSIBLE WATER USE & CHEMICAL MANAGEMENT#17OUR COMMUNITY WE STRIVE TO CREATE INCLUSIVE WORKPLACES WHERE ALL OF OUR EMPLOYEES ARE EMPOWERED AND RESPECTED DIVERSITY EQUITY INCLUSION THE CAPRI HOLDINGS FOUNDATION for the Advancement of Diversity in Fashion COORD ANNI CHR220 XICHAEL KORS EST 1981#18OUR PHILANTHROPY GIVING BACK IS EMBEDDED IN CAPRI'S CULTURE WE ARE COMMITTED TO SUPPORTING AND DRIVING POSITIVE CHANGE IN THE COMMUNITIES WHERE WE LIVE AND WORK VERSACE VERSACE 13544 PALING JIMMY CHOO CHOOS WOMEN MICHAEL KORS M GOD'S LOVE WE DELIVER.#19CAPRI OVERVIEW VERSACE JIMMY CHOO INVESTOR DAY PROGRAM MICHAEL KORS Q&A#20VERSACE CEO Cedric Wilmotte#21VERSACE PENCE 22 VERSACE AGENDA BRAND VISION PRODUCT CUSTOMER EXPERIENCE FINANCIAL OUTLOOK tin LS#22VERSACE BRAND VISION#23"THIS UPCOMING SEASON EMBODIES THE FEELING OF STRENGTH, AND ULTIMATE LUXURY." - DONATELLA VERSACE ਅਪਣਾ WESTE ਦਾਅਵਾ ਦੇਖਤ ਦਮਦ ਅਤੇ ਬਾਅਦ ਵੇਖਦਮਦਮਦਮਦਮਦਮਦਮਦ ਅਤੇ ਦਮਦਾਅਵਾ#24VERSACE FALL 2022 2 VERSACE Uristankeleita FI#25713#26[銀獎 包包#27REDA VERSAC POTESTATEM SEDIS APOS relea#28ATTRACTING A NEW AUDIENCE AND CONSUMER BUILD THE REPUTATION TO EXPAND THE VERSACE BRAND 20 FOCUS ON HIGH NET WORTH INDIVIDUALS PFI VERSACE ENGAGING PRODUCT MARKETING STRATEGY LOYALTY AND ADVOCACY#29COMBINE STORYTELLING WITH DATA ANALYTICS ELEVATE CUSTOMER EXPERIENCE ACROSS ALL TOUCHPOINTS حبك BRAND BUILDING VERSACE 6 LA MEDUSA MINI BAG La Medusa mini bag explores the beauty of blue in two different shades turguse and OV Bus-the bright sus created by Donatella WOMEN MEN CHILDREN SHOP NOW SHOP NOW Pho XU SHOP NOW VERSACE WOMEN MEN CHILDREN MEDUSA BIGGIE MULES Available in classic black and white as well as playful fuchsia and yellow, these mules feature the Meduse Biggie hardware and around SHOP NOW SHOP NOW +40 @f SHOP NOW SHOP NOW VERSACE SHOP NOW CALL TO ACTION WOMEN MEN CHILDREN VIRTUS Discover the Virtus shoulder bag and accessories featuring gleaming Barocco "V hardware, the signifier of the Virtus line, and a luxurious V-quilted leather finish SHOP NOW ORY www SHOP NOW#30COMBINE STORYTELLING WITH DATA ANALYTICS GROW DATA BASE AND DRIVE LIFETIME VALUE Versace ✔ Sponsorizzato. Sign up to discover the new Versace La Vacanza collection. MODULO SU FACEBOOK A Very Versace Vacation ... X Iscriviti INCREASE ACQUISITION ME DÉCOR BAMBINO JEANS COUTURE SALDI STORI LA MEDUSA MINI BAG Discover the new mini bag style in the La Medusa bag line. SHOP NOW DRIVE ACTIVE CONSUMERS X VERSACE YOUR PRE-ACCESS LINK Be the first to shop the new Odissea sneakers with second-day shipping. Link will be valid for 24 hours ahead of the US public launch tomorrow, and globally on July 11th. SHOP NOW ACE CULTIVATE LOYALTY#31ACCELERATE DATABASE GROWTH 1.7M F2018 2.2M F2019 > 25% CAGR 2.7M F2020 3.3M F2021 4.5M F2022 20M FUTURE#32VERSACE PRODUCT#33PRODUCT STRATEGY Babyd REINFORCE ICONIC BRAND CODES PPP GROW ACCESSORIES TO $1 B INCREASE FOOTWEAR REVENUE TO $300M EXPAND MEN'S ACCESSORIES#34ICONIC CODES VERSACE Dom GRECA MEDUSA BAROCCO V#35ICONIC LEATHERGOODS 22 GRECA GODDESS HERITAGE CODE VERSACE NAPAN LA MEDUSA ICONIC VERSACE CODE VIRTUS BAROCCO V apstr#36GROW ACCESSORIES TO $1B ● ● STRENGTHEN AUTHORITY IN LUXURY LEATHERGOODS SEGMENT FOCUS ON EXISTING PILLARS EXPAND THE ASSORTMENT WITH THE LAUNCH OF GRECA GODDESS $200M F2022 5 X $1B FUTURE#37ICONIC FOOTWEAR VERSACE VERSACE CHAIN GLAMOUROUS STYLE VERSACE VERSACE MEDUSA ICONIC VERSACE CODE VIRTUS BAROQUE V#38ICONIC SNEAKERS VERS VERSACE VERSACE ODISSEA ACE OUR NEWEST FUTURISTIC SLIP ON DESIGN ត C VERSACE TRIGRECA Ea VERSACE TRIERESS VERSACE OUR KEY PILLAR IN THE SNEAKER ASSORTMENT ല CCES ----- LA GRECA انا بانان OUR CLASSIC LOW TOP AND LACE UP DESIGN#39INCREASE FOOTWEAR REVENUE TO $300M ● ● ● CAPITALIZE ON THE SUCCESS OF WOMEN'S FORMAL FOOTWEAR AMPLIFY THE SUCCESS OF EXISTING SNEAKER LINES MAXIMIZE NEW ODISSEA PLATFORM $200M F2022 1.5 X $300M FUTURE#40EXPAND MEN'S ACCESSORIES Bh SRN DO VERSACE LEVERAGE THE WOMEN'S SUCCESS TO DRIVE DESIRABILITY FOR THE VERSACE MAN WITH A MODERN AND INNOVATIVE TAKE ON OPULENCE#41VERSACE CUSTOMER EXPERIENCE#42CREATE CUSTOMER ENGAGEMENT ryt V AS STRENGTHEN CUSTOMER EXPERIENCE LAUNCH OF NEW CLIENTELING APP IMPLEMENTATION OF VIRTUAL ASSISTANT ROLLOUT OF IN-STORE ORDER FULFILLMENT INTO MORE LOCATIONS#43FOCUS ON STORE TRAFFIC DRIVERS Nelased 11:55 <Profic Activities Colors Cycling Shoe Styles RTW Styles Brands ** Yoga Cooking Meditation Clothing Styles Likes Preferences Martial Arts INCREASE CUSTOMER INSIGHTS AND OPTIMIZE EXPERIENCE WITH CLIENTELING APP FIENDACE GLOBAL FENDACE POP-UPS experience and are they Fanta LOS ANGELES NEW YORK Sofya GEO TARGET KEY STORE LOCATIONS BRERA EJENDACE ENGAGE WITH IN-STORE EVENTS AND ANIMATIONS#44DRIVE STORE PRODUCTIVITY * Store sales per gross square foot ETHREER INCREASE SALES DENSITY ELEVATE RETAIL EXCELLENCE DRIVE A CULTURE OF PERFORMANCE ENHANCE IN-STORE CAPACITY $1,000/SQ FT F2022 $2,000/SQ FT FUTURE#45LEVERAGE GLOBAL LUXURY RETAIL LOCATIONS VERSACE VERSACE GLOBAL STORE EXPANSION ROLLOUT OF THE NEW STORE CONCEPT OPEN IN KEY CITIES RENOVATE EXISTING STORE FLEET Asia EMEA Americas 206 60 116 30 F2020 210 119 57 34 F2021 209 115 55 39 F2022 225 125 58 42 F2023E 300 165 75 60 FUTURE#46PARIS ST HONORÉ VERSACE VERSACE VU#47PARIS ST HONORE HANDBAGS MKKKKKIAZ 147 1447 V wwwwwww TATYMY HA 02 V#48PARIS ST HONORÉ FOOTWEAR C IS OL#49LONDON BOND STREET VERSACE VERSACE VERSACE Duran VERSACE VERSACE BAGA#50LONDON BOND STREET WOMENSWEAR NEW BOND STREET WI#51LONDON BOND STREET MENSWEAR Th VERSACE ਮਦਰਦਨ 78 rrrrrr#52ECOMMERCE ACCELERATION INCREASE E-COMMERCE TO $500M ACCELERATE DATABASE GROWTH THROUGH MORE VISITS AND REPEAT CUSTOMERS ● • IMPROVE USER EXPERIENCE ON VERSACE.COM FOCUS ON EDITORIAL STORYTELLING TO DRIVE GREATER SHARE OF LEATHER GOODS CATEGORY $140M F2022 3.6 X ~$500M FUTURE#53VERSACE FINANCIAL OUTLOOK 000 tood 560#54VERSACE FINANCIAL OUTLOOK OPERATING MARGIN * $843M 0.5% F2020 $718M 2.9% F2021 $1.1B 17.0% F2022 * US GAAP results adjusted for special items; see Appendix for reconciliation to US GAAP ~ $1.2B ~16.0% F2023E ~$2.0B ~20.0% FUTURE#55VERSACE REGIONAL GROWTH $408M F2022 ~ $760M FUTURE AMERICAS $425M F2022 EMEA ~ $640M FUTURE $255M F2022 ASIA ~$600M FUTURE#56VERSACE REVENUE BY CHANNEL Licensing Wholesale Retail $843M 9% 27% 64% 2020 *Retail includes stores and E-commerce $718M 10% 22% 68% 2021 $1.1B 10% 26% 64% 2022 ~$1.2B 8% 26% 66% 2023E $2.0B 4% 13% ~ 83% GOAL#57VERSACE PATH TO $2B ● • LEAD WITH VERSACE RUNWAY GLAMOUR ● REINFORCE BRAND CODES SIGNIFICANTLY GROW ACCESSORIES DOUBLE SIZE OF FOOTWEAR DRIVE RETAIL AND ECOMMERCE TO FULL POTENTIAL#58CAPRI OVERVIEW VERSACE JIMMY CHOO INVESTOR DAY PROGRAM MICHAEL KORS Q&A#59JIMMY CHOO CEO Hannah Colman#60AGENDA BRAND VISION PRODUCT CUSTOMER EXPERIENCE FINANCIAL OUTLOOK#61BRAND VISION#62LEAD WITH GLAMOUR Glamour underpins the essence of Jimmy Choo. Our glamour is dynamic from day to night, it is the magic ingredient that unites our collections and community, sparking joy and desire. "" SANDRA CHOI CREATIVE DIRECTOR#63TIME TO DARE ● CONSISTENT VISUAL IDENTITY CAPITALIZE ON BRAND HEAT REACH NEW AUDIENCES THROUGH INFLUENCE#64#65#66ETEC 14658 160 $#67ACCELERATE DATABASE GROWTH 2M F2018 2.7M F2019 ~25% CAGR 3.2M F2020 3.7M F2021 4.8M F2022 10M FUTURE#68ATTRACT NEW AUDIENCES AND NURTURE THE CORE GEN Z & YOUNG MILLENNIALS COLLABORATIONS DIGITAL INNOVATION BALANCED COLLECTION ARCHITECTURE THE CORE CLIENT ELEVATE PRODUCT OFFER EXPAND CLIENT SERVICES#69ACCELERATE BRAND MOMENTUM REGIONALLY W VICTORIA SONG QIAN - CHINA 6060 6633 SON NA EUN- KOREA AYAMI NAKAJÔ - JAPAN#70HIGH TOUCH PERSONALISED CLIENTELING ● EMPOWER SALES ASSOCIATES TO PROACTIVELY CONTACT CLIENTS BUILD ON BRAND LOYALTY AND RETENTION DEVELOP A CLIENTELING CULTURE ACROSS THE ORGANIZATION#71www ms PRODUCT#72PRODUCT STRATEGY BADO REINFORCE BRAND CODES EXPAND ACCESSORIES MAXIMIZE CASUAL OPPORTUNITY BUILDING ON LIFESTYLE#73REINFORCE BRAND CODES 611454 JC MONOGRAM JIMMY LONDON HOO CRYSTAL JIMMY LONDO PEARL#74ACCESSORIES GROWTH STRATEGY EXPAND ACCESSORIES TO 30% MIX ● REINFORCE BRAND CODES • BUILD ON SUCCESS OF KEY FAMILIES PROTECT LEADERSHIP IN EVENING $112M F2022 2.7 X $300M FUTURE#75ACCESSORIES BRAND CODES As s 4293622 68 $45606 8465 CASAGA CAS 2 2638 paskra ana 406 23 100 JC MONOGRAM JIMMY CHOO CRYSTAL PR freesty PEARL#76MAXIMIZE CASUAL OPPORTUNITY ● ● ● DOUBLE THE CASUAL BUSINESS REINFORCE BRANDING INTRODUCTION OF NEW PRODUCT FUNCTIONS $110M F2022 2.3 X $250M FUTURE#77MAXIMIZE CASUAL OPPORTUNITY SNEAKERS BOOTS JIMMY CH CHOO POOL SLIDES#78BUILDING ON LIFESTYLE JIMMY CHCC FRAGRANCE & BEAUTY Sesse EYEWEAR JEWELRY#79TT TS $ M CUSTOMER EXPERIENCE#80LEVERAGE GLOBAL LUXURY RETAIL LOCATIONS www. 27 JIMMY CHOO 27 JICEER ROLLING OUT ENHANCED STORE CONCEPT EXPANSION OF GLOBAL RETAIL EXCELLENCE PROGRAM DEFINED CATEGORY ZONES TO REINFORCE PRODUCT GROWTH STRATEGIES#811 JIMMY CHOO JIMMY CHI JIMMY CHOO L MILAN#82FIT GLAMOUR#83ACCESSORIES#84CASUAL#85STORE TRAFFIC BUILDERS JIMMY CHOO Spa online, amore incluso everti PREES La tua e ancants s POWERFUL 360 MARKETING sa tua. 9:41 INTRODUCING THE SUMMER 2022 COLLECTION Be transported to pool parties and sun-drenched beaches by sunset shades. bold embellishment and strong silhouettes DISCOVER MORE A AA story.jimmychoo.com C 8 OMNICHANNEL & CLIENTELING ☆☆ WYCHOO RETAIL ANIMATIONS FAUEL#86JIMMY CHOO STORE SALES DENSITY * Store sales per gross square foot $1,200/SQ FT F2022 $1,400/SQ FT FUTURE#87GROW GLOBAL STORE FLEET ■Asia EMEA Americas 226 105 76 45 F2020 227 109 74 44 F2021 237 119 73 45 F2022 243 124 74 45 F2023E 300 160 80 60 FUTURE#88SUPERCHARGE DIGITAL GROWTH ACCELERATE E-COMMERCE TO $250M LEVERAGE CLIENT INSIGHTS AND DATA ANALYTICS TO DRIVE ENGAGEMENT ● ● ● ELEVATE USER JOURNEY LOCALISATION IN KEY APAC MARKETS $88M F2022 2.8 X $250M FUTURE#89C 45 Contatti FINANCIAL OUTLOOK#90JIMMY CHOO FINANCIAL OUTLOOK OPERATING MARGIN* $555M (2.4%) F2020 $418M (13.2%) F2021 $613M 2.1% F2022 * US GAAP results adjusted for special items; see Appendix for reconciliation to US GAAP ~ $650M ~5.0% F2023E ~$1.0B ~15.0% FUTURE#91REGIONAL GROWTH $175M F2022 ~$300M FUTURE AMERICAS $229M F2022 EMEA ~ $340M FUTURE $209M F2022 ASIA ~$360M FUTURE#92JIMMY CHOO REVENUE BY CHANNEL Licensing Wholesale Retail $555M 4% 22% 74% F2020 *Retail includes stores and E-commerce $418M 4% 21% 75% F2021 $613M 4% 19% 77% F2022 ~$650M 3% 18% 79% F2023E ~$1.0B 3% 16% 81% FUTURE#93JIMMY CHOO PATH TO $1B ENGAGE AND EXCITE NEW AND EXISTING CONSUMERS WITH GLAMOUROUS TIME TO ● ● ● ● ● DARE CAMPAIGN DRIVE RETAIL AND ECOMMERCE TO FULL POTENTIAL REINFORCE BRAND CODES SIGNIFICANTLY GROW ACCESSORIES DOUBLE SIZE OF CASUAL FOOTWEAR#94CAPRI OVERVIEW VERSACE JIMMY CHOO INVESTOR DAY PROGRAM MICHAEL KORS Q&A#95MICHAEL KORS CEO John D. Idol#96MICHAEL KORS AGENDA BRAND VISION PRODUCT CUSTOMER EXPERIENCE FINANCIAL OUTLOOK#97MICHAEL KORS BRAND VISION reached R#98THE JET SET LIFESTYLE "THE JET SET LIFESTYLE IS ALL ABOUT BEING ON THE GO AND LOOKING CHIC EVERY STEP OF THE WAY." MICHAEL KORS#99MICHAEL KORS FALL 2022 CAB#100#101face MKMCM/M MKMK#10211 000 MICHAEL KORS#103ENGAGE AND EXCITE NEW AND EXISTING CONSUMERS REINFORCE THE JET SET LIFESTYLE WITH STRATEGIC PARTNERSHIPS MMKX 0077 007 © 1962 DANJAQ AND MGM. 007 IS A TRADEMARK OF DANJAQ. ALL RIGHTS RESERVED. NO TIME TO 007 DIE ONLY IN THEATERS MKC × 007 Crafted in Italy and created exclusively for No Time To Die, the Bond Bancroft satchel, Bond carryall and Bond duffel were designed for traveling in style.#104COMBINE STORYTELLING WITH DATA ANALYTICS ELEVATE BRAND EXPERIENCE ACROSS ALL TOUCHPOINTS AND SCALE THE BUSINESS THROUGH A SEGMENTED AND PERSONALIZED APPROACH MICHAEL KORS GET CARRIED AWAY WITH KARLIE With a compact structure and glamorous new finishes, the Karlie is key to a sophisticated spring wardrobe. SHOP HANDBAGS MICHAEL KORS Saint BARTHS An idyllic magnet for the world's international jet-set crowd, there is no place that offers both natural beauty and exuberant glamour quite like St. Barths. SEE OUR TRAVEL GUIDE BRAND BUILDING MKGO MKGO MKGO N K ALL THE BRIGHT MOVES New arrivals from MKGO strike a balance of comfort and cool in a range of energizing hues, including eye-popping pink. SHOP MKGO ACTIVEWEAR MICHAEL KORS KORSVIP ENDS TONIGHT if your last chance to claim your special offer Shop Inday to enjoy $50 of you purchase of $300 or vers Te redes, sas instore or sign into your account and enter the code below at checkout Uso code: FC02200 STUDERP70 SHOP NOW MICHAEL KORS LIMITED EDITION GLOW ALL OUT Finally, a gift as brilliant as she is. All-over pavé and pretty pink accents on the Camille watch are guaranteed to dazzle her. Plus, its case is engraved with Michael's signature for an extra special finish But hurry! We only made 500 in each size. GiftNow SHOP NOW SHOP ALL WATCHES GIFT SERVICES In-Store Pickup CALL TO ACTION Gift Cards#105COMBINE STORYTELLING WITH DATA ANALYTICS GROW CUSTOMER BASE AND DRIVE LIFETIME VALUE THROUGH CUSTOMER ENGAGEMENT TACTICS MK MICHAEL KORS LUXURY AT YOUR SERVICE BECOME A KORSVIP MEMBER and get 10% off EMAIL ADDRESS" JOIN NOW Continue Shopping INTENSIFY ACQUISITION (0 DRIVE ACTIVES = MICHAEL KORS D KORSVIP EARLY ACCESS Introducing Karlie, our latest must-have handbag. Shop Karlie before anyone else. CULTIVATE LOYALTY o LP#106ACCELERATE DATABASE GROWTH 28M F2018 36M F2019 >20% CAGR 44M F2020 51M F2021 61M F2022 100M FUTURE#107MICHAEL KORS PRODUCT#108PRODUCT STRATEGY REINFORCE BRAND CODES EXPAND ACCESSORIES BEYOND $3 B (600) 52208 ACCELERATE FOOTWEAR TO $750 M GROW MENS TO $500 M#109ACCESSORIES BRAND CODES F SIGNATURE LOGO MK HARDWARE MK MKGO OHAEL ARS MICHAEL KORS MI THE MICHAEL KORS MICHAEL KORS#110ACCESSORIES GROWTH STRATEGY EXPAND ACCESSORIES BEYOND $3B ● ● CREATE EXCITEMENT AROUND NEW FASHION PLATFORM LAUNCHES REINFORCE BRAND CODES ELEVATE PRODUCT ASSORTMENT $2.6B F2022 +23% $3.2B FUTURE#111FOOTWEAR BRAND CODES SIGNATURE LOGO MK HARDWARE MKGO#112FOOTWEAR GROWTH STRATEGY INCREASE FOOTWEAR TO $750M ● ● CREATE EXCITEMENT AROUND NEW FASHION PLATFORM LAUNCHES REINFORCE BRAND CODES EXPAND SQUARE FOOTAGE IN EXISTING RETAIL STORES $500M F2022 +50% $750M FUTURE#113MEN'S BRAND CODES SIGNATURE LOGO MK HARDWARE HON SHOHIN SHOX OIN SHOW THE SHORT MKGO ORS MICHAEL KORS MICHAEL KORS MICHAEL KORS MICHA OR V 20#114MEN'S GROWTH STRATEGY INCREASE MEN'S TO $500 M ● ● ● ● REINFORCE BRAND CODES LEAD WITH ACCESSORIES GROW ECOMMERCE PENETRATION EXPAND SQUARE FOOTAGE IN EXISTING RETAIL STORES $300M F2022 +67% $500M FUTURE#115MICHAEL KORS CUSTOMER EXPERIENCE ORS KO LO 11#116GLOBAL LUXURY RETAIL LOCATIONS INCREASE SALES DENSITY TO GENERATE HIGHER PROFITABILITY WORLDCLASS RETAIL FLEET GLOBAL FLAGSHIP FOCUS IMPLEMENT NEW STORE CONCEPT IN 100 KEY LOCATIONS GLOBALLY REALLOCATE SPACE TO SUPPORT PRODUCT GROWTH CATEGORIES יס וס MICHAEL KORS MICHAEL KORS MICHAEL KORS MICHAEL KORS MK MICHAEL KORS 290N BAHOIMICHAEL M KORS#117INKI PARIS | ACCESSORIES MMC MK M MK MC MK M M#118PARIS | FOOTWEAR#119" PARIS | COLLECTION#120(MK) BEB ******** ********** wwwwwww. ********* ******** ******* *** ww ***** ******* ******** www www m ****** *** W ***** ******** *********** ***** *** 1. " po LONDON | MENS *** 00000 ****** ****** *****#121STORE TRAFFIC DRIVERS CORSO VITTORIO EMANUELE MICHAELKORE.COM MICHAEL KO ICONIC CAMPAIGNS KE mim TERO 5:54 MICHAEL KORS all HEAT WAVE A bright shade made for sunny days, dahlia redef summer glamour. Live Chat A Women's New Arrivals TOP DIGITAL MARKETING IK YALAML MICHAEL KORS EXCITING WINDOW AND STORE PRESENTATION#122STORE TRAFFIC DRIVERS Marcus Plum Kasia Abeles Message Requests Eva Lee Gloria Gates Messages @ This is exactly what I'm looking for, thank your I'm going to place an order today Looks I'm looking for the perfect white blouse- do you have anything new in store? White Button-Down CLIENTELLING Eva The while button-down has been very poputar lately-extremely soft and pain wel with everything End ************ POP-INS EVENTS & ANIMATIONS#123MICHAEL KORS STORE SALES DENSITY * Store sales per gross square foot $800/SQ FT F2022 $1,200/SQ FT FUTURE#124GLOBAL STORE FLEET Asia ■ EMEA Americas 839 279 180 380 F2020 820 291 176 353 F2021 825 315 176 334 F2022 845 350 175 320 F2023E 800 375 175 250 FUTURE#125DOUBLE E-COMMERCE REVENUE DOUBLE E-COMMERCE TO $1.4B ACCELERATE DATABASE GROWTH AND PRODUCTIVITY ● ● USE CUSTOMER INSIGHTS AND DATA ANALYTICS TO INCREASE CONSUMER ENGAGEMENT UTILIZE MICHAEL KORS LIFESTYLE AUTHORITY TO EXPAND CATEGORY OFFERINGS $700M F2022 +100% $1.4B FUTURE#126MICHAEL KORS Ball351 FINANCIAL OUTLOOK Superleggera Protsk 265/35 ZRE KMKM KMKMH#127MICHAEL KORS FINANCIAL OUTLOOK OPERATING MARGIN * $4.15B 20.5% F2020 $2.93B 20.3% F2021 $3.95B 25.4% F2022 * US GAAP results adjusted for special items; see Appendix for reconciliation to US GAAP ~$4.025B ~24% F2023E ~$5B ~25% FUTURE#128REGIONAL GROWTH $2.6B F2022 ~$3B FUTURE AMERICAS $835M F2022 ~$1B FUTURE EMEA $491M F2022 ASIA $1B FUTURE#129MICHAEL KORS REVENUE BY CHANNEL Licensing Wholesale Retail $4.15B 3% 35% 62% 2020 *Retail includes stores and E-commerce $2.93B 3% 27% 70% 2021 $3.95B 3% 31% 66% 2022 $4.025B 3% 29% 68% 2023E ~$5B 3% 25% 72% FUTURE#130KORS KOP I WW T www MICHAEL KORS RUNWAY TO $5B CONTINUE TO ELEVATE THE BRAND POSITIONING AT MICHAEL KORS ENGAGE AND EXCITE NEW AND EXISTING CONSUMERS REINFORCE BRAND CODES DRIVE RETAIL AND E-COMMERCE TO FULL POTENTIAL DOUBLE REVENUE IN ASIA SIGNIFICANT OPPORTUNITY IN MEN'S#131CAPRI OVERVIEW VERSACE JIMMY CHOO INVESTOR DAY PROGRAM MICHAEL KORS Q&A#132APPENDIX#133NON-GAAP MEASURES This presentation includes certain non-GAAP financial measures that exclude certain costs associated with COVID-19 related charges, long-lived asset impairments, ERP implementation costs, Capri transformation costs, an inventory step-up adjustment, acquisition foreign currency effects, restructuring and other charges, charitable donations and the war in Ukraine. The Company uses non-GAAP financial measures, among other things, to evaluate its operating performance and in order to represent the manner in which the Company conducts and views its business. The Company believes that excluding these items helps its management and vestors compare operating performance based on its ongoing operations. Company considers the non-GAAP measures to be useful supplemental measures in analyzing its results, they are not intended to replace, nor act as a substitute for, any amounts presented in its consolidated financial statements prepared in conformity with U.S. GAAP and may be different from non- GAAP measures reported by other companies.#134Gross profit RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) Operating expenses Total income from operations Income before provision for income taxes Provision for income taxes Net income attributable to Capri Diluted net income per ordinary share - Capri As Reported $ SA $ 3,744 $ 2,841 $ (73) 903 91 Impairment Charges 92 822 5.39 $ $ 73 73 16 57 0.37 Restructuring and Other Charges (1) $ $ EA GA (42) 42 42 8 34 0.22 Charitable Donations $ GA GA GA Fiscal Year Ended April 2, 2022 COVID-19 Related ERP Capri War in Charges Implementation Transformation Ukraine $ $ (10) 10 $ 10 10 $ 0.07 EA CA SA (16) (2) (14) $ (14) 6 (20) GA (0.13) SA $ $ (19) 19 $ 19 $ 6 13 0.09 SA (31) 31 31 O 22 0.14 SA GA $ GA GA GA 2 $ (7) 9 I 9 $ 9 GA 0.06 GA GA GA As Adjusted 3,730 2,657 1,073 1,085 137 947 6.21 (1) Includes store closure costs which have been incorporated into the Capri Retail Store Optimization Program, other restructuring initiatives, and other costs recorded in connection with the acquisition of Gianni Versace S.r.l.#135Gross profit RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) Operating expenses Total income from operations Income before provision for income taxes Provision for income taxes Net (loss) income attributable to Capri Diluted net (loss) income per ordinary share - Capri Impairment As Reported Charges (1) $ 2,597 $ $ SA SA SA 2,578 $ (316) 19 $ 316 3 $ 66 $ 265 (62) $ (0.41) $ 1.74 316 51 Restructuring and Other Charges (2) $ SA Fiscal Year Ended March 27, 2021 COVID-19 Related ERP Capri Charges Implementation Transformation As Adjusted $ 10 $ $ 2,607 $ (32) 32 Charitable Donations $ SA (20) 20 $ 32 4 $ 5 28 15 0.18 $ 0.10 20 $ $ $ (32) 42 42 4 38 0.25 $ SA (2) 2 2 (1) 3 0.02 $ GA GA (4) $ 4 $ 4 GA 1 $ 3 $ $ 0.02 2,172 435 419 130 290 1.90 (1) Includes impairment charges of $153 million primarily related to operating lease right-of-use assets and fixed assets of our retail store locations. This amount also 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 indefinite-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. (2) Includes store closure costs which have been incorporated into the Capri Retail Store Optimization Program, other restructuring initiatives, and other costs recorded in connection with the acquisitions of Gianni Versace S.r.l. and Jimmy Choo Group Limited.#136Gross profit Total operating expenses RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) 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) Impairment Charges (1) $ $ GA GA (708) T 708 $ 92 $ 616 $ 708 $ 4.05 $ $ $ $ Restructuring and Other Charges (2) (42) $ T 42 $ 42 $ 7 35 GA $ GA $ $ EA Inventory Step-up Adjustment 0.23 $ Fiscal Year Ended March 28, 2020 13 $ I $ 13 $ FA 0.07 FA 13 $ 3 $ 10 $ $ ERP Implementation (41) 41 $ T 41 10 31 0.21 $ SA $ Capri Transformation $ $ (24) $ 24 T 24 6 CO $ 18 $ $ $ $ $ 0.12 $ Acquisition Foreign Currency Effects I (1) 1 COVID-19 Related 0.01 $ GA SA GA 1 $ $ Charges 92 (27) 119 $ 119 16 103 CA $ $ As Adjusted 3,376 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 indefinite-lived intangible assets and $171 million related to goodwill 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. 755 151,922,050 10 733 144 591 3.89