All-In to Win Transformation Program

5 KEY WORKSTREAMS TO TURN COTY INTO AN INDUSTRY LEADER FY21 1 Funding the Journey 2 3 FY22 FY23 PRIMARY FOCUS AREAS KEY OUTCOMES Gross Margin Attack FIXED COSTS PRICING, NRM* & COGS Deliver Sustainable, Profitable Growth 6 STRATEGIC PILLARS 4 5 Cash Olympics (Debt Reduction) Accelerate Culture & ESG COTY INVEST IN A&CP INCREASE PROFITABILITY FCF & WORKING CAPITAL FUND GROWTH PROJECTS SUSTAINABILITY & DE&I *NRM = Net Revenue Management REDUCE DEBT 3

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