COTY Skincare Portfolio and Financial Overview

LEVERAGE ON TRACK TOWARDS ~3X EXITING CY23 LEVERAGE EXITING 3Q23 OF ~4.4X, REFLECTING SEASONALLY NEGATIVE FREE CASH FLOW AND FX TRANSLATION CURRENTLY ~70% OF DEBT IS FIXED ➤ WELLA BOOK VALUE REMAINS ~$1 BILLION COTY ~4.4x ~4.1x $0.18 FCF $3.86 Bn $0.08 FX hurt, interest & other cash expenses ~$1.04 ~3.0x Bn Wella Co. $4.10 Bn 26% financial stake at end of Q3 ~$3.06 Bn 2Q23 FINANCIAL NET DEBT Financial leverage 3Q23 FINANCIAL NET DEBT 3Q23 ECONOMIC NET DEBT (financial net debt / LTM Adj. EBITDA) 14

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