#12021 FULL-YEAR RESULTS FEBRUARY 17, 2022 KERING#2DISCLAIMER This presentation does not constitute an offer of securities for sale in the United States of America or any other jurisdiction. Certain information contained in this presentation may include projections and forecasts or other forward-looking statements. They are not historical facts and express beliefs, predictions and expectations based on current assessments and estimates of the Group's executive management which are subject to numerous factors, risks and uncertainties; they are not guarantees of performance. Consequently, reported figures and assessments may differ significantly from projected figures. Various factors may cause actual figures to differ materially from projected figures including (among others): any unfavourable development affecting consumer spending in the activities of the Group (both in France and abroad), in particular for products and services sold by the Group's Luxury brands, resulting from economic conditions and other circumstances, such as travel restrictions, disease epidemics and other health-related concerns; the costs of complying with environmental, health and safety regulations and all other regulations with which the Group companies are required to comply; the competitive situation on each of the Group's markets; exchange rate and other risks related to international activities; risks arising from current or future litigation, as well as the factors set out in Kering's Universal Registration Document (Document d'Enregistrement Universel) filed with the French Financial Markets Authority (the Autorité des Marchés Financiers or AMF) on March 25, 2021, which is available on Kering's website at www.kering.com. The information contained in this presentation has been selected by the Group's executive management to present Kering's FY 2021 results. This presentation has not been independently verified. No representation or warranty, express or implied, is made in relation to, and none of Kering or any of its directors, officers, employees, advisers, affiliates or other representatives shall bear any liability or be liable for any loss arising from or related to the accuracy or completeness of this presentation or any use of this presentation or its contents or otherwise arising in connection with this presentation. The Group expressly disclaims any and all liability which may be based on such information, errors therein or omissions therefrom. Kering does not have any obligation to update this presentation or provide any additional information, or to correct any inaccuracies in this presentation or any additional information which may become apparent. 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ALL SECURITIES AND FINANCIAL PRODUCT OR INSTRUMENT TRANSACTIONS INVOLVE RISKS, WHICH INCLUDE (AMONG OTHERS) THE RISK OF ADVERSE OR UNANTICIPATED MARKET, FINANCIAL OR POLITICAL DEVELOPMENTS AND, IN INTERNATIONAL TRANSACTIONS, CURRENCY RISK. READERS ARE ADVISED TO REVIEW KERING'S UNIVERSAL REGISTRATION DOCUMENT AND KERING'S APPLICABLE AMF FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISION. 17.02.2022 2#3FRANÇOIS-HENRI PINAULT CHAIRMAN & CEO#417.02.2022 BUILDING ON STRONG FOUNDATIONS EXCELLENT 2021 PERFORMANCES ACROSS ALL HOUSES ▪ SUSTAINED INVESTMENT ▪ TALENTED TEAMS SHARING GOALS AND CULTURE ▪ FIRM COMMITMENT TO SUSTAINABILITY AND PURPOSE#517.02.2022 CRAFTING TOMORROW'S LUXURY ▪ WE CARE, WE COLLABORATE, WE CREATE ▪ KEY 2021 ACHIEVEMENTS FIRST INCLUSION INDEX ▪ ENHANCING GENDER PARITY AT ALL LEVELS ▪ CLIMATE CHANGE: SBT 1.5° ▪ BIODIVERSITY: REGENERATIVE FUND FOR NATURE (7 FIRST PROJECTS/>840,000 HA) ▪ NEW CIRCULARITY AMBITION ▪ ANIMAL WELFARE: FUR BAN 5#617.02.2022 62 BLENDING CREATIVITY AND ICONICITY ▪ NURTURING DEEP-ROOTED CODES OF OUR HOUSES AND THEIR CAPACITY TO DISRUPT ▪ EXPANDING THEIR BRAND TERRITORIES ▪ DEPLOYING IMPACTFUL COMMUNICATION STRATEGIES 6#717.02.2022 REINFORCING THE EXCLUSIVITY OF OUR DISTRIBUTION GUCCI GUCCI ▪ REDUCING THE WEIGHT OF WHOLESALE FOR OUR LARGER HOUSES ▪ IMPLEMENTING OUR STRATEGIC VISION OF RETAIL ▪ ONLINE FOCUS ON BRAND.COM AND TIGHTLY CONTROLLED E-CONCESSIONS 7#817.02.2022 FORTNITE INNOVATION AT OUR CORE ▪ EXPLORING NEW BUSINESS MODELS ■ RESEARCHING NEW MATERIALS ▪ DEVELOPING NEW MODES OF ENGAGEMENT ▪ STATE-OF-THE-ART SUPPORT FUNCTIONS 8#917.02.2022 STRAIGHTFORWARD STRATEGY ▪ STRENGTHENING ■ BRAND EQUITY ATTRACTING AND RETAINING NEW GENERATIONS OF LUXURY CONSUMERS ▪ FOCUSING ON WHERE WE BUILD THE MOST VALUE 9#1017.02.2022 GUCCI BOTTEGA VENETA IN TOP SHAPE FOR 2022 & BEYOND SAINT LAURENT EXCEPTIONAL GROWTH PATH BALENCIAGA AS FRESH AS EVER AFTER 100 YEARS CONFIRMED POTENTIAL GAINING IN DISTINCTIVENESS AND PRESTIGE Alexander GAINING TRACTION ACROSS MCQUEEN CATEGORIES Brioni JEWELRY KERING EYEWEAR CONFIRMING PROGRESS BOUCHERON EXPANDING ACROSS REGIONS, QEELIN EXPLOSIVE GROWTH, POMELLATO NEXT IN LINE A MAJOR PLAYER 10#11BOTTECAF RESULTS ENETA ANALYSIS JEAN-MARC DUPLAIX GROUP CHIEF FINANCIAL OFFICER#12GROUP REVENUE €17,645m +35% reported and comparable* YoY o/w Q4 +32% comparable YoY LUXURY HOUSES €17,019m CORPORATE & OTHER €626m ALL QUARTERS CONSISTENTLY ABOVE 2019 ENDING THE YEAR ON A HIGH NOTE * At constant scope and exchange rates 17.02.2022 H2 H1 ACCELERATING TOPLINE 15,884 8 246 7 638 FY19 +6% Q1 21 +13% comp. 2Y stack 13,100 7 722 5 378 FY20 +11% Q2 21 17,645 9 598 8 047 FY21 Japan 6% (+21%) North America 26% (+76%) 2Y stack comparable +10% Q3 21 As a % of FY 21 revenue and (% YoY comparable growth) Asia Pacific 38% (+33%) Western Europe 23% (+10%) +25% ROW 7% (+48%) Q4 21 12#13GROUP RECURRING OPERATING INCOME (Em) €5,017m +60% reported vs. LY FCF FROM OPERATIONS (€m) 17.02.2022 1 521 FY 19 2 105 FY20 3 948 FY21 HIGH-QUALITY PERFORMANCE 4,778 30.1% FY 19 -34% 3,135 23.9% FY20 2 812 YE 19 +60% 2 149 5,017 NET DEBT (€m) YE 20 28.4% FY21 168 YE 21 ● ● ● EBIT at all-time high Operating leverage together with substantial investment level Solid margin expansion trajectory, EBIT margin up 450bp YoY Group CAPEX: €934m, 5.3% of revenue FCF from operations nearly doubling Net debt at €168m (excl. lease liabilities) 13#1481% O 19% 17.02.2022 LUXURY HOUSES: STRONG END TO THE YEAR FY 2021 REVENUE BY CHANNEL RETAIL (COMPARABLE) FY 2021 +40% YoY +18% 2Y stack WHOLESALE AND OTHER (COMPARABLE) RETAIL YOY COMPARABLE +98% +32% Q1 21 Q2 21 WHOLESALE FY 2021 +17% YOY -3% 2Y stack +12% Q3 21 +39% Q4 21 RETAIL - 2Y STACK COMPARABLE +6% Q1 21 +16% Q2 21 ROYALTIES & OTHER FY 2021 +36% YoY -4% 2Y stack +11% Q3 21 +34% Q4 21 14#1517.02.2022 WESTERN EUROPE NORTH AMERICA JAPAN Q1 21 -34% +46% -3% SOUND RECOVERY ACROSS REGIONS FY 2021 RETAIL BY REGION COMPARABLE GROWTH Q2 21 +71% +263% +93% Q3 21 +15% +31% +3% Q4 21 +59% +63% +33% Q1 21 -43% +37% -20% 2Y STACK GROWTH Q2 21 -41% +86% -30% Q3 21 -32% +83% -21% Q4 21 -4% +82% +19% 15#1617.02.2022 ASIA PACIFIC ROW Q1 21 +83% +24% SOUND RECOVERY ACROSS REGIONS FY 2021 RETAIL BY REGION COMPARABLE GROWTH Q2 21 +53% +322% Q3 21 +1% +24% Q4 21 +18% +48% Q1 21 +30% +13% 2Y STACK GROWTH Q2 21 +36% +36% Q3 21 +19% +44% Q4 21 +37% +57% 16#17FY21 E-COMMERCE REVENUE +55% COMPARABLE YOY COMPARABLE QUARTERLY GROWTH + 153% +108% Q1 21 17.02.2022 +172% +59% E-COMMERCE REVENUE EXCEEDING €2BN FY 2021 E-COMMERCE Q2 21 +148% +24% Q3 21 +162% +52% % comparable YoY ■% comparable 2Y stack Q4 21 PENETRATION MORE THAN DOUBLED IN 2 YEARS E-COMMERCE REVENUE AS % OF RETAIL SALES 7% 2019 13% 2020 15% 2021 23% America 26% Europe 5% Japan 7% APAC 17#18LUXURY HOUSES GUCCI SAINT LAURENT BOTTEGA VENETA OTHER HOUSES 17.02.2022 2019 5 042 3 947 562 215 318 HEALTHY MARGIN RECOVERY FY EBIT (in €m) 2020 3 367 2 615 400 172 180 2021 5 175 3 715 715 286 459 2019 32,8% 41,0% 27,4% 18,4% 12,5% FY EBIT MARGIN 2020 26,6% 35,1% 22,9% 14,2% 7,9% 2021 30,4% 38,2% 28,3% 19,1% 14,1% 18#19GUCCI STRENGTHENED FUNDAMENTALS#2017.02.2022 GUCCI FY21 REVENUE: +31% REPORTED AND COMPARABLE (in €m, and YoY comparable growth in %) +37% +35% 9,628 FY 2019 7,441 FY 2020 Retail 91% of FY21 sales -10% Wholesale Royalties and others MOMENTUM BUILDING IN Q4: RETAIL 2Y STACK +25% Sequential acceleration across regions Rich product pipel and intense calendar WHOLESALE RATIONALIZATION NEARLY COMPLETED (-39% 2Y stack in FY21) 9,731 FY 2021 20#2117.02.2022 20 ITZAR GUCCI In €m Revenue ● Recurring operating income Margin (%) KEY FIGURES Gross CAPEX As % of revenue FY 2021 9,731 3,715 38.2% 324 3.3% FY 2020 7,441 2,615 35.1% 206 2.8% Change +30.8% +42.1% +3.1pt +57.3% +0.5pt STRATEGIC INVESTMENT UP, REBOUND IN PROFITABILITY - FY21 EBIT margin exceeding 38% - Intensified investments, clienteling initiatives and store events - Focus on local clienteles across touchpoints TARGETED CAPEX ALLOCATION - Store network stable, further elevate client experience through distribution 21#22SAINT LAURENT CONSISTENTLY DELIVERING NEW HIGHS#2317.02.2022 Mis SAINT LAURENT FY21 REVENUE: +45% REPORTED, +46% COMPARABLE (in €m, and YoY comparable growth in %) +27% 2,049 FY 2019 1,744 FY 2020 +55% Retail 74% of FY21 sales +23% Wholesale 2,521 Royalties FY 2021 and others • CONTINUED ACCELERATION IN Q4: RETAIL 2Y STACK +61% Outstanding performance of N. America, up triple-digit - - Marked bounce in W. Europe, APAC and Japan - Strength across categories, notably RTW - E-commerce more than treble vs. 2019 WHOLESALE 2Y STACK MODERATING Rationalization strategy underway 23#2417.02.2022 SAINT LAURENT In €m ● Revenue Recurring operating income Margin (%) - KEY FIGURES Gross CAPEX As % of revenue FY 2021 2,521 715 28.3% 72 2.8% FY 2020 • CAPEX: FURTHER EXPANDING REACH 1,744 400 22.9% OPERATING MARGIN AT ALL-TIME HIGH Continuing investment in global footprint and visibility 53 3.0% 29 net openings, mostly in APAC and North America Change +44.5% +78.7% +5.4pt +36.2% -0.2pt 24#25BOTTEGA VENETA NEW MILESTONES#2617.02.2022 BOTTEGA VENETA FY21 REVENUE: +24% REPORTED, +25% COMPARABLE (in €m, and YoY comparable growth in %) +21% 1,168 FY 2019 1,210 FY 2020 +29% Retail 75% of FY21 sales +16% 1,503 Wholesale Royalties FY 2021 and others • FY21 SALES PASSING €1.5BN MARK; +32% COMP ABOVE 2019 - Retail strength on stable network and full-price focus, Q4 acceleration - Iconization strategy fuelling brand desirability across categories - Impactful communications reaching broader audiences - Wholesale rationalization initiated in Q4 26#2717.02.2022 OF BOTTEGA VENETA BONTIRGA VENEZA BOTTEGA VENETA In €m Revenue Recurring operating income Margin (%) ● KEY FIGURES Gross CAPEX As % of revenue - FY 2021 1,503 286 19.1% 67 4.5% FY 2020 1,210 172 14.2% • RESUMING MARGIN EXPANSION · Significant operating leverage materializing - Benefits from scale and improving sales density 48 4.0% Change +24.2% +66.6% CAPEX FOCUSED ON ENHANCING STORE NETWORK Store network optimization: 2 net openings, strategic store enlargement and relocations Creative retail experience formats +4.9pt +38.4% +0.5pt 27#28OTHER HOUSES REALIZING HIGH-GROWTH POTENTIAL#2917.02.2022 10000 OTHER HOUSES FY21 REVENUE: +43% REPORTED, +44% COMPARABLE (in €m, and YoY comparable growth in %) 2,538 FY 2019 2,282 FY 2020 +46% Retail 59% of FY21 sales +40% Wholesale +65% Royalties and others 3,264 FY 2021 • €1BN ADDITIONAL SALES IN FY21 Remarkable Retail performance +40% comparable 2Y stack; accelerating to +60% in Q4 Exceptional year for Jewelry: investments unleashing potential of our Houses Balenciaga: another record year, multiple successful initiatives - AMQ: strong momentum across categories 29#3017.02.2022 OTHER HOUSES In €m Revenue KEY FIGURES Recurring operating income Margin (%) Gross CAPEX As % of revenue • FY21 EBIT 2.5X HIGHER FY 2021 3,264 459 14.1% 180 5.5% FY 2020 2,282 180 7.9% 154 6.7% Remarkable operating leverage reaching 3.6x Sharp margin uplift at Balenciaga, AMQ and Jewelry Dilutive impact from Watches in FY21 Change +43.1% +154.5% +6.2pt +17.1% -1.2pt CAPEX SUPPORTING BRAND EXPANSION +83 net openings, notably at Balenciaga, Alexander McQueen and Jewelry Maisons 30#31O KERING EYEWEAR CORPORATE#3217.02.2022 FOCUS ON KERING EYEWEAR ● ● FY21 REVENUE: +50% REPORTED, +45% COMPARABLE (in €m, and YoY comparable growth in %) 399 FY20 KEYE consolidated revenue +45% +5% Comparable Scope & FX 599 FY21 KEYE consolidated revenue 107 Royalties and intragroup 706 FY21 KEYE external sales. Sharp recovery from pandemic and return to record growth across brands, product segments and geographies, notably in N. America and Europe Consolidation of Lindberg from Q4 32#3317.02.2022 MCQUEEN CORPORATE & OTHER In €m KEY FIGURES Revenue KEYE consolidated revenue Other revenue Recurring operating income Underlying result Corporate Long-term incentive plan Gross CAPEX FY 2021 626 599 27 (158) (132) (26) 291 FY 2020 423 399 24 (232) (185) (47) 326 Sharp increase in Kering Eyewear contribution • Contained increase in corporate costs, mainly supporting group initiatives in digital, innovation and IT Capex back to 2019 levels 33#34In €m FINANCIAL PERFORMANCE 17.02.2022 Revenue Gross margin Recurring operating income Other non-recurring operating income and expenses Financial result Income tax expense Share in earnings of equity-accounted companies Net income from continuing operations Net income from discontinued operations Net income of consolidated companies Of which net income, Group share Net income, Group share, from continuing operations excluding non-recurring items Net income, Group share, per share (in euro) Net income per share from continuing operations, Group share, excluding non-recurring items (in euro) FY 2021 17,645 13,068 5,017 (220) (273) (1,280) 1 3,245 11 3,256 3,176 3,361 25.49 26.98 FY 2020 13,100 9,509 3,135 163 (341) (759) (8) 2,190 (10) 2,180 2,150 1,972 17.20 15.78 34#35In €m 17.02.2022 FREE CASH FLOW FROM OPERATIONS Cash flow before taxes, dividends and interests Change in working capital requirement Income tax paid Net cash flow from operating activities Acquisition of fixed operating assets, net Free cash flow from operations FY 2021 6,387 (38) (1,473) 4,876 (928) 3,948 FY 2020 4,280 45 (1,436) 2,889 (784) 2,105 35#36CAPITAL EMPLOYED AND OPERATING WORKING CAPITAL 17.02.2022 SHAREHOLDERS' EQUITY €13,736M INVENTORIES €3,369M NET DEBT €168M RECEIVABLES €977M DEBT-TO-EQUITY RATIO 1.2% PAYABLES €1,742M CAPITAL EMPLOYED €13,904M OPERATING WORKING CAP €2,604M 14.8%* * N.B. (1) Calculated on LTM group revenue (2) Calculation based on a reclassification in 2021: some receivables and payables are now included in the Operating Working Cap, vs. part of Non-Operating WCR previously (3) FY 20 previous classification: OWC at 22.9% of LTM revenue; new classification: 17.3% of LTM revenue 36#372 149 0.5x Net debt at Dec. 31, 2020 17.02.2022 1,025 CHANGE IN NET FINANCIAL DEBT -3,948 FCF from operations Dividend paid FY 2021 NET DEBT BRIDGE In €m and Net Debt / EBITDA ratio* 78 Net interest paid and dividends received 538 Acquisition of Kering shares 882 Lease repayment and related interests -803 Disposal of 5.91% of Puma 247 Net financial investment and other 168 Net debt at Dec. 31, 2021 37#38DIVIDEND PER SHARE DIVIDEND PAYOUT 17.02.2022 6.00 2017 40.1% 37.3% 2017 DIVIDEND UP 50% 10.50 2018 47.0% 47.8% 2018 8.00 2019 *Proposed to April 28, 2022 AGM €3.50 per share interim dividend paid on January 17, 2022 €8.50 per share balance to be paid on May 5, 2022 in % of recurring net income, Group share 31.3% 45.2% 8.00 2019 2020 50.7% 96.4% 2020 in % of available cash flow from operations 12.00* 2021 44.5% 50.0% 2021 38#39JEAN-FRANÇOIS PALUS GROUP MANAGING DIRECTOR#4017.02.2022 MAS HIER STRAS JIRKERSS www CONCLUSION ▪ FOCUS ON THE EXECUTION OF OUR STRATEGY ■ CONTINUED INVESTMENT IN OUR HOUSES AND PLATFORMS ▪ NURTURING OUR CULTURE OF INNOVATION, CREATIVITY AND CARING ▪ PROFITABLE GROWTH TRAJECTORY ■ HEALTHY FINANCIAL SITUATION ■ FURTHER POTENTIAL & OPPORTUNITIES 40#41Tuo Q & A#42APPENDIX KERING#43WE... 17.02.2022 CRAFTING TOMORROW'S LUXURY: PROGRESSING ON OUR SUSTAINABILITY COMMITMENTS IN 2021 CARE COLLABORATE CREATE ● ● ● ● ● ● ● ● ● 41% reduction in our environmental footprint (EP&L intensity 2015-21) Extension of our environmental footprint to the consumer use and end-of-life phases of our products Alignment of our Climate strategy with the 1.5°C scenario CDP 2021 Climate and Water A Lists 90% traceability for our key raw materials First 7 grantees for our Regenerative Fund for Nature, supporting over 840,000 hectares transitioning to regenerative approaches Decision to stop using animal fur in all Kering's Houses 56% women managers 13 D&I committees in each entity with Management Committee sponsors 82% engagement rate in 2021 employee survey Global anti-domestic violence policy to protect women and families Publication of our Human Rights Policy Introduction of new innovative materials: Gucci Demetra Publication of "Coming Full Circle", our circular economy ambition for a luxury that lasts New business models (e.g. AMQ/Vestiaire Collective collaboration) 43#44In €m 17.02.2022 Gucci Saint Laurent Bottega Veneta Other Houses Luxury - Total Houses Corporate & Other Kering FY 2021 9,730.9 2,521.0 1,502.8 3,264.7 17,019.4 625.8 17,645.2 REVENUE FY 2020 7,440.6 1,744.4 1,210.3 2,281.3 12,676.6 423.6 13,100.2 Reported change €m +2,290.3 +776.6 +292.5 +983.4 +4,342.8 +202.2 +4,545.0 % +30.8% +44.5% +24.2% +43.1% +34.3% +47.7% +34.7% 44#45Q1 21 TOTAL SALES Q2 21 Q3 21 Q4 21 313 331 W. Europe FY 2021 REVENUE €17,019m +34.3% REPORTED, +34.9% COMPARABLE NUMBER OF DIRECTLY OPERATED STORES 17.02.2022 ■YE 2020: 1,433 229 251 N. America in €m 3,727 3,981 4,042 5,270 ■YE 2021: 1,565 228 233 Japan % comparable +26.0% +92.5% +11.8% +32.5% LUXURY HOUSES YoY change 663 Emerging markets 750 % reported +21.6% QUARTERLY PERFORMANCE +88.7% + 12.3% +35.1% ROW 6% Japan Asia Pacific Rest of the World Total Retail Asia Pacific 39% REVENUE BREAKDOWN BY REGION Japan 6% RETAIL BY GEOGRAPHY Western Europe North America YoY Comparable Change FY 21 +20% +74% +21% +33% +60% +40% Western Europe 22% North America 27% 2Y Comparable Change FY 21 -29% +74% -13% +31% +38% +18% 45#46Q1 21 Q2 21 TOTAL SALES Q3 21 Q4 21 105 107 W. Europe NUMBER OF DIRECTLY OPERATED STORES 17.02.2022 ■YE 2020: 483 99 97 N. America in €m 2,168 2,312 2,182 3,069 FY 2021 REVENUE €9,731m +30.8% REPORTED, +31.2% COMPARABLE ■YE 2021: 501 67 71 Japan +24.6% +86.1% +3.8% +31.6% % comparable YoY change 212 GUCCI Emerging markets % reported +20.2% +82.3% QUARTERLY PERFORMANCE +4.5% 226 +34.6% ROW 6% Asia Pacific 44% REVENUE BREAKDOWN BY REGION Japan 6% RETAIL BY GEOGRAPHY Western Europe North America Japan Asia Pacific Rest of the World Total Retail Q4 21 +58% +53% +38% +16% +52% +35% Western Europe 17% North America 27% YOY Comparable Change FY 21 +17% +67% +19% +29% +62% +37% 46#47Q1 21 Q2 21 TOTAL SALES Q3 21 47 52 Q4 21 W. Europe 17.02.2022 NUMBER OF DIRECTLY OPERATED STORES ■YE 2020: 239 47 N. America in €m 517 529 653 55 822 FY 2021 REVENUE €2,521m +44.5% REPORTED, +45.6% COMPARABLE ■YE 2021: 268 32 33 Japan +23.4% +118.5% +28.1% +46.8% SAINT LAURENT % comparable YoY change 113 Emerging markets 128 % reported +18.9% +114.5% +27.8% +48.9% ROW 6% QUARTERLY PERFORMANCE Asia Pacific 28% REVENUE BREAKDOWN BY REGION Japan 5% RETAIL BY GEOGRAPHY Western Europe North America Japan Asia Pacific Rest of the World Total Retail Q4 21 +73% +97% +15% +20% +58% +54% Western Europe 27% North America 34% YOY Comparable Change FY 21 +38% +110% +18% +36% +75% +55% 47#48Q1 21 Q2 21 TOTAL SALES Q3 21 54 53 Q4 21 W. Europe 17.02.2022 NUMBER OF DIRECTLY OPERATED STORES YE 2020: 261 35 36 N. America in €m 328 379 363 433 YE 2021: 263 FY 2021 REVENUE €1,503m +24.2% REPORTED, +25.1% COMPARABLE 50 49 Japan +24.6% +69.0% +8.9% % comparable +13.7% BOTTEGA VENETA YoY change 122 125 Emerging markets % reported ROW 9% QUARTERLY PERFORMANCE +19.9% +65.4% +9.3% +15.2% Asia Pacific 39% REVENUE BREAKDOWN BY REGION Japan 10% RETAIL BY GEOGRAPHY Western Europe North America Japan Asia Pacific Rest of the World Total Retail Q4 21 +48% +70% +34% +11% +3% +28% Western Europe 24% North America 18% YOY Comparable Change FY 21 +7% +83% +32% +24% +23% +29% 48#49Q1 21 Q2 21 TOTAL SALES Q3 21 Q4 21 107 119 W. Europe 17.02.2022 NUMBER OF DIRECTLY OPERATED STORES ■YE 2020: 450 48 N. America in €m 714 761 844 63 945 ■YE 2021: 533 79 80 FY 2021 REVENUE €3,264m +43.1% REPORTED, +43.8% COMPARABLE Japan +33.1% +111.3% % comparable +26.0% +34.2% OTHER HOUSES YoY change 216 Emerging markets 271 % reported +29.1% +108.1% +26.1% +36.4% ROW 8% QUARTERLY PERFORMANCE Asia Pacific 31% REVENUE BREAKDOWN BY REGION Japan 6% RETAIL BY GEOGRAPHY Western Europe North America Japan Asia Pacific Rest of the World Total Retail Q4 21 +51% +79% +29% +33% +54% +45% Western Europe 33% North America 22% YOY Comparable Change FY 21 +23% +72% +24% +57% +63% +46% 49#50In €m 17.02.2022 Gucci Saint Laurent Bottega Veneta Other Houses Luxury - Total Houses Corporate & Other Kering RECURRING OPERATING INCOME FY 2021 3,714.6 714.6 286.5 459.6 5,175.3 (158.1) 5,017.2 FY 2020 2,614.5 400.0 172.0 180.6 3,367.1 (231.9) 3,135.2 Reported change % +42.1% +78.7% +66.6% +154.5% +53.7% +31.8% +60.0% 50#51In €m 17.02.2022 Gucci Saint Laurent Bottega Veneta Other Houses Luxury - Total Houses Corporate & Other Kering FY 2021 4,310.6 914.5 448.9 734.9 6,408.9 61.5 6,470.4 EBITDA FY 2020 3,224.9 589.9 333.6 457.2 4,605.6 (31.4) 4,574.2 Reported change % +33.7% +55.0% +34.6% +60.7% +39.2% +295.9% +41.5% 51#52In €m 17.02.2022 NET FINANCIAL COSTS AND INCOME TAX Cost of net debt Other financial income and expenses Total financial result (excluding leases) Interest expense on lease liabilities Financial result Income tax expense on recurring income Tax (expense) income on other non-recurring items Income tax expense Effective tax rate Tax rate on recurring income FY 2021 (38.2) (128.9) (167.1) (106.1) (273.2) FY 2021 (1,303.5) 23.1 (1,280.4) 28.3% 27.5% FY 2020 (43.3) (185.5) (228.8) (112.9) (341.7) FY 2020 (784.2) 25.0 (759.2) 25.7% 28.1% 52#53In €m * Please refer to footnote slide 36 explaining reclassification 17.02.2022 BALANCE SHEET Goodwill, brands and intangible Assets Lease right-of-use Assets Property, plant and equipment Net other Non-current Assets (Liabilities) Non-current lease Liabilities Total Net Non-current Assets (Liabilities) Operating Working Capital (*) Net other Current Assets (Liabilities) (*) Current lease Liabilities Total Net Current Assets (Liabilities) Net Assets held for sale Provisions Capital employed Equity Net Debt Total Sources Dec. 31, 2021 9,923 4,302 2,967 793 8,826) 14,159 2,604 (1,899) (675) 30 (30) (255) 13,904 13,736 168 13,904 Dec. 31, 2020 9,438 3,957 2,670 1,170 3,546) 13,689 2,266 (885) (538) 843 1 (350) 14,184 12,035 2,149 14,184 53#54Gucci Saint Laurent Bottega Veneta Balenciaga Alexander McQueen Brioni Boucheron Pomellato Dodo Qeelin Ulysse Nardin Girard-Perregaux Kering Eyewear ● ● KERING ● ●#55Етрошения Seagmation