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Capri Holdings Investor Day Presentation Deck

ALLOCATION PRIORITIES Near-term: Invest in business Repay debt ● CAPITAL ALLOCATION ● Longer-term: • Return cash to shareholders ● Luxury acquisitions ● DEBT REDUCTION $2.4B $1.6B Net Debt $1.1B $0.8B $0.3B F2019 F2020 F2021 F2022E F2023E *Targeting <2.0x leverage ratio

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