All-In to Win Transformation Program
COTY
مهر
KEY TAKEAWAYS
"All-In to Win" end-to-end transformation program fully in implementation, with central leadership
and strong execution infrastructure across all work streams
On track to deliver $600M in cost reductions by FY23 (and $675M by FY24), resetting Coty's
overhead cost structure; Almost $400M of savings already delivered
Gross margin attack program beginning to deliver results (with Q1 GM at ~63.4%, +480bps YoY);
targeting mid 60% by FY25
Significant top line growth in recent quarters (Q1 LFL +21%), due to strong execution across our 6
strategic pillars; significant re-investment in A&CP and people to fuel growth
Strong focus on cash to gain flexibility with leverage reduced to ~5x by end of CY21; optimal leverage
of below 2x
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