#12023 FIRST QUARTER REVENUE APRIL 25, 2023 KERING ههه#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 Universe/) filed with the French Financial Markets Authority (the Autorité des Marchés Financiers or AMF) on March 22, 2023, 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 Q1 2023 revenue. 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. IN NO WAY DOES KERING ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED IN THIS PRESENTATION. INFORMATION IN THIS PRESENTATION, INCLUDING FORECAST FINANCIAL INFORMATION, SHOULD NOT BE CONSIDERED AS ADVICE OR A RECOMMENDATION TO INVESTORS OR POTENTIAL INVESTORS IN RELATION TO HOLDING, PURCHASING OR SELLING SECURITIES OR OTHER FINANCIAL PRODUCTS OR INSTRUMENTS AND DOES NOT TAKE INTO ACCOUNT YOUR PARTICULAR INVESTMENT OBJECTIVES, FINANCIAL SITUATION OR NEEDS. BEFORE ACTING ON ANY INFORMATION YOU SHOULD CONSIDER THE APPROPRIATENESS OF THE INFORMATION HAVING REGARD TO THESE MATTERS, ANY RELEVANT OFFER DOCUMENT AND IN PARTICULAR, YOU SHOULD SEEK INDEPENDENT FINANCIAL ADVICE AND CONDUCT YOUR OWN DUE DILIGENCE. 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. 25.04.2023 2#3GUCCI GUCCI 5400#4. KEY HIGHLIGHTS Q1 23 GROUP REVENUE REVENUE +2% REPORTED, +1% COMPARABLE - RETAIL: ALL HOUSES UP - WHOLESALE: DOWN DOUBLE DIGIT, ONGOING RATIONALIZATION STRATEGY FX BROADLY NEUTRAL, POSITIVE SCOPE IMPACT FROM MAUI JIM SOFT Q1, ENDING ON A HIGHER NOTE - STRONG PERFORMANCES IN W.EUROPE AND JAPAN, N.AMERICA MUTED, APAC BACK TO GROWTH ON GRADUAL CHINA RECOVERY RETURN OF TOURISM ELEVATION STRATEGIES - ACCLAIMED FASHION SHOWS HIGH-VISIBILITY COMMUNICATIONS - CREATIVITY AND HERITAGE - 25.04.2023 REVENUE CHANGE (in Єm and comparable change YoY) +2% reported +2% -1% 5,077 +1% 4,956 Q1 22 Comparable growth Scope FX Q1 23 % comparable change: at constant scope and exchange rates 4#5Q1 23 GROUP REVENUE REVENUE BREAKDOWN BY SEGMENT REVENUE BREAKDOWN BY REGION (% of total revenue and YoY change) In Єm Change (%) Q1 23 Revenue Q1 22 Revenue Reported Comp. RoW 7% (-1pt) Gucci 2,616 2,591 +1% +1% Saint Laurent 806 739 +9% +8% Bottega Veneta 395 396 -0% +0% Other Houses 890 973 -9% -9% Kering Eyewear 433 308 +41% +11% & Corporate Asia Pacific 40% (+3pt) Eliminations (63) (51) Kering total 5,077 4,956 +2% +1% 25.04.2023 Western Europe 25% (+2pt) North America 21% (-6pt) Japan 7% (+2pt) 5#6Q1 23 GROUP REVENUE BY CHANNEL AND REGION RETAIL INCL. E-COMM +4% YoY COMPARABLE 76% (+1PT YOY) WESTERN EUROPE NORTH AMERICA JAPAN ASIA PACIFIC ROW +15% -18% +30% +10% -1% C 24% (-1PT YOY) WHOLESALE AND OTHER -10% YoY % weight and % comparable change based on Revenue before eliminations 25.04.2023 DIRECTLY OPERATED STORES WHOLESALE WHOLESALE LUXURY BRANDS KERING EYEWEAR -21% +11% 1,673 +14 NET IN Q1 23 ROYALTIES & OTHER +15% 6#725.04.2023 GUCCI Q1 23 REVENUE: +1% REPORTED AND +1% COMPARABLE (in Єm, and YoY comparable growth in %) 2,591 +1% +16% -7% 2,616 Q1 22 Retail Wholesale Royalties and others Q1 23 92% of Q1 sales ENCOURAGING DEVELOPMENTS - Growth in all key product categories, led by Handbags, Travel, WRTW Strong pipeline and good reception of Newness together with impactful global campaigns on iconic handbags - AUR increase across all categories Gucci Cosmos exhibition opening in Shanghai late April to showcase the House heritage, innovative spirit and visionary creativity 7#825.04.2023 SAINT LAURENT Q1 23 REVENUE: +9% REPORTED, +8% COMPARABLE (in Єm, and YoY comparable growth in %) 739 +14% +15% -12% 806 Q1 22 Retail Wholesale Royalties Q1 23 and others 76% of Q1 sales HEALTHY RETAIL GROWTH - Driven by Leather Goods and RTW - Unabated appeal of carryovers, strong performance of Fall & Winter 2022 and successful launch of Spring 2023 collections - Confirmed traction on higher price points WHOLESALE DOWN AS PLANNED ON RETAILIZATION 8#925.04.2023 BOTTEGA VENETA BOTTEGA VENETA Q1 23 REVENUE: -0% REPORTED, +0% COMPARABLE (in Єm, and YoY comparable growth in %) 396 +5% 395 -14% -24% Q1 22 Retail Wholesale Royalties and others Q1 23 80% of Q1 sales QUALITY GROWTH IN RETAIL Top-ranked Winter 23 Fashion Show, instant success of new launches, strong pillar lines, AUR up sharply - Stable store network, focus on sqm expansion and refurbs - Value-driven strategy ongoing, priority on heightening brand visibility in China ACCELERATION IN WHOLESALE RATIONALIZATION 9#1025.04.2023 OTHER HOUSES Q1 23 REVENUE: -9% REPORTED AND -9% COMPARABLE (in Єm, and YoY comparable growth in %) 973 +7% +18% 890 -32% Q1 22 Retail Wholesale Royalties Q1 23 & Other 67% of Q1 sales • RETAIL: ALL HOUSES UP - Positive trends at Balenciaga and Alexander McQueen - Brioni performing strongly across regions Jewelry up strong double digit: another remarkable quarter at Boucheron; solid growth at Pomellato and Qeelin WHOLESALE DOWN SHARPLY ON RETAILIZATION Impact amplified by US market situation 10#1125.04.2023 KERING EYEWEAR AND CORPORATE Q1 23 REVENUE (in Єm, and YoY growth in %) +44% +33% 433 +11% 308 300 -8 Total Q1 22 Scope Q1 22 Kering Comparable Eyewear Scope and FX Q1 23 Kering Eyewear STRONG START TO THE YEAR - - - Growth across key brands and areas Significant contribution from Maui Jim, integration on track Enhancing supply chain, agreement to acquire UNT, French-based manufacturer of high-precision components 11#12CONCLUSION#13Q&A#14APPENDIX KERING ههه#1525.04.2023 GUCCI Q1 2023 REVENUE RoW €2,616m +1% REPORTED, +1% COMPARABLE DIRECTLY OPERATED STORES As of March 31, 2023 (net change vs. YE 22) Western Europe 103 (0 net) RoW 7% 67 (+3 net) Asia Pacific 534 180 (-1 net) North America 112 (+5 net) RETAIL BY GEOGRAPHY Western Europe North America Japan Asia Pacific Rest of the World Total Retail Japan 72 (-1 net) REVENUE BREAKDOWN BY REGION Asia Pacific 45% Japan 7% QUARTERLY PERFORMANCE Q1 23 comparable change YOY +12% -19% +33% +6% -3% +1% Western Europe 20% North America 21% 15#1625.04.2023 RoW DIRECTLY OPERATED STORES SAINT LAURENT Q1 2023 REVENUE €806m +9% REPORTED, +8% COMPARABLE As of March 31, 2023 (net change vs. YE 22) 24 (+1 net) Asia Pacific 281 108 (-1 net) Japan 34 (+0 net) Western Europe 58 (+1 net) North America 57 (+0 net) RETAIL BY GEOGRAPHY Western Europe North America Japan Asia Pacific Rest of the World Total Retail QUARTERLY PERFORMANCE REVENUE BREAKDOWN BY REGION RoW 7% Asia Pacific 31% Japan 5% Q1 23 comparable change YOY +37% -13% +25% +23% +19% +14% Western Europe 28% North America 29% 16#1725.04.2023 REVENUE BREAKDOWN BY REGION RoW DIRECTLY OPERATED STORES BOTTEGA VENETA Q1 2023 REVENUE €395m -0% REPORTED, +0% COMPARABLE As of March 31, 2023 (net change vs. YE 22) 20 (+0 net) Western Europe 55 (+0 net) Asia Pacific 271 North America 110 (+0 net) 40 (+1 net) Japan 46 (-1 net) RoW 8% Asia Pacific 37% Japan 13% RETAIL BY GEOGRAPHY Western Europe North America Japan Asia Pacific Rest of the World Total Retail QUARTERLY PERFORMANCE Q1 23 comparable change YOY +16% -7% +20% -1% +10% +5% Western Europe 26% North America 16% 17#1825.04.2023 RoW DIRECTLY OPERATED STORES OTHER HOUSES Q1 2023 REVENUE €890m -9% REPORTED, -9% COMPARABLE As of March 31, 2023 (net change vs. YE 22) 30 (+0 net) Western Europe 126 (-2 net) RoW 7% Asia Pacific North America 587 268 (+6 net) 78 (+3 net) Japan RETAIL BY GEOGRAPHY Western Europe North America Japan Asia Pacific Rest of the World Total Retail 85 (+0 net) QUARTERLY PERFORMANCE REVENUE BREAKDOWN BY REGION Asia Pacific 38% Japan 8% Q1 23 comparable change YOY +2% -28% +33% +25% -24% +7% Western Europe 32% North America 15% 18#19KERING • • Gucci Saint Laurent • Bottega Veneta Balenciaga Alexander McQueen • Brioni Boucheron • Pomellato • Dodo Qeelin Kering Eyewear Photo credits: page 3: Melrose Avenue Store LA - Photography: Pablo Enriquez/page 7: Gucci Bamboo 1947 campaign - Photography: David Sims#20Empowering Smagination