Investor Presentaiton

1H22 AND FY22 OUTLOOK 1H22 FY22 VERY STRONG SALES MOMENTUM IN Q1 AMPLIFIED BY SHIPMENTS OF SEVERAL KEY FRAGRANCE LAUNCHES STRONG SELL-OUT OF LAUNCHES SUPPORTING Q2 LFL SALES GROWTH IN LOW TEENS % AND 1H22 LFL IN MID TEENS % 1H22 EBITDA GROWTH IN THE LOW 20S % AND EBITDA MARGIN UP ~100BPS, WITH STRONG Q1 PROFITABILITY ENABLING Q2 REINVESTMENT INTO STRATEGIC GROWTH INITIATIVES IMPROVING BEAUTY DEMAND AND STRONG COTY LAUNCH CALENDAR ➤ FY22 LFL SALES UP LOW-TO-MID TEENS VS. PRIOR GUIDANCE OF LOW TEENS GROWTH (ASSUMING NO SIGNIFICANT DETERIORATION IN COVID CONTEXT) ➤ COMFORTABLY CONFIRM ADJ EBITDA OF ~$900M (CONSTANT FX), AS WE CONTINUE TO MONITOR COST ENVIRONMENT, WHILE ALSO FUELING GROWTH INITIATIVES THIS YEAR ➤ EXPECT FY22 ADJ EPS OF $0.19-23 ➤ CONTINUE TO TARGET LEVERAGE TOWARDS 5X EXITING CY21, AND FURTHER REDUCTION IN LEVERAGE TO ~4X EXITING CY22 COTY SINCE 1904 30

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