#1V VERSACE CAPRI HOLDINGS LIMITED JIMMY CHOO L FE MICHAEL KORS 1Q Fiscal Year 2022 Earnings Presentation July 30, 2021#2CAPRI HOLDINGS' STRATEGIC PILLARS 1) Maximize the full potential of our three distinct fashion luxury brands 2) Design innovative and exciting fashion luxury product 3) Create compelling communication to deepen consumer desire and engagement 4) Leverage seamless omni-retailing capabilities to accelerate revenue growth 5) Build upon our corporate values with communities both internally and externally#3FIRST QUARTER FISCAL 2022 HIGHLIGHTS ● ● ● Revenue increased 178%, driven by strong performance across all three luxury houses Adjusted gross margin expanded 90 bps Adjusted operating margin expanded to 20.8% Increased customer database by 10M versus prior year across our luxury houses Raised full year fiscal 2022 adjusted earnings per share outlook to $4.50#4GROWTH INITIATIVES • COMMUNICATION STRATEGY • Capitalize on high brand engagement and awareness Reinforce three house pillars Accelerate database growth ● ● ● VERSACE PRODUCT STRATEGY ● ● ● Expand accessories to $1 billion More than double footwear revenue 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 -300 stores Increase store sales density#50 Arn deeeee AAAAAP elele An 1Q 2022 HIGHLIGHTS ● • Revenue increased 158%, with strong growth across all regions and channels ● ● ● VERSACE ● E-commerce sales increased triple digits Significant gross margin expansion Operating margin expanded to 20.0% Global database +24% year-over-year#6GROWTH INITIATIVES ● ● COMMUNICATION STRATEGY • Own glamour through emotional brand storytelling Combine storytelling with data analytics Double database size ● ● • PRODUCT STRATEGY ● JIMMY CHOO ● Maximize casual opportunity ● • Introduce new categories ● Capitalize on iconic brand codes Grow accessories to 30% of revenue OMNI-CHANNEL STRATEGY Triple E-commerce revenue • Enhance omni-channel services ● Increase global retail footprint to ~300 stores ●#71Q 2022 HIGHLIGHTS Revenue increased 178%, with strong growth across all regions and channels ● JIMMY CHOO ● E-commerce sales increased triple digits Significant gross margin expansion Operating margin expanded to 7.7% Global database +14% year-over-year#8GROWTH INITIATIVES ● ● COMMUNICATION STRATEGY Emotional brand engagement Combine storytelling with data analytics • Accelerate database growth ● • PRODUCT STRATEGY MICHAEL KORS • Increase Signature to 50% of the business Grow MKGO to $500M • Build Men's to $500M ● OMNI-CHANNEL STRATEGY Leverage seamless omni-channel experience Double E-commerce revenue Optimize global store fleet ● ● VAKAR STERELO MICHAEL ORS#9O SHO KORS KORSK MICHAEL KORS 1Q 2022 HIGHLIGHTS • Revenue increased 184%, with strong growth across all regions and channels E-commerce sales increased strong double digits • Gross margin was above our expectation but below prior year due to higher wholesale penetration Operating margin expanded to 27.6% ● Global database +20% year-over-year#10NON-GAAP MEASURES This presentation includes certain non-GAAP financial measures that exclude certain costs associated with COVID-19 related charges, ERP implementation costs, Capri transformation costs, restructuring and other charges. 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 investors compare operating performance based on its ongoing operations. While the 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.#11RECONCILIATION OF GAAP TO NON-GAAP NON-GAAP FINANCIAL MEASURES Gross profit 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 $ GA $ $ $ As Reported 856 598 258 $ $ $ 256 $ 37 $ 219 $ 1.41 $ Three Months Ended June 26, 2021 Restructuring and Other Charges (1) - (3) $ 3 3 1 2 COVID-19 Related Charges 0.01 EA GA $ $ ERP Implementation (3) $ (3) $ (3) (1) $ (2) $ (0.01) $ (3) $ 3 $ 3 $ 1 SA 2 $ 0.01 $ As Adjusted 853 592 261 259 38 221 1.42 (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 acquisitions of Gianni Versace S.r.l. and Jimmy Choo Group Limited#12RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES Gross profit Operating expenses Total loss from operations Loss before provision for income taxes Provision for (benefit from) income taxes Net loss attributable to Capri Diluted net loss per ordinary share - Capri (1) $ GA GA E $ As Reported 302 Restructuring and Other Charges (1) $ 464 $ (162) $ (175) 5 $ $ (180) $ (1.21) $ Three Months Ended June 27, 2020 (8) $ 8 8 (5) 13 0.09 SA GA $ COVID-19 Related Charges 1 LO (4) $ 5 LO 5 ERP Implementation (3) 8 $ SA SA GA $ 0.06 $ (2) 2 2 $ 0.02 EA EA (1) $ 3 $ As Adjusted 303 450 (147) (160) (4) (156) (1.04) 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#13SAFE 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 there fore 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 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. 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 effect of the COVID-19 pandemic and its potential material and significant impact on the Company's future financial and operational results if retail stores are forced to close again and the pandemic is prolonged, including that our estimates could materially differ if the severity of the COVID-19 situation worsens, the length and severity of such outbreak across the globe and the pace of recovery following 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; the risk of disruptions to the Company's businesses; 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 Company's filings 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.