COTY Skincare Portfolio and Financial Overview

CONTINUE TO EXPECT MODEST GROSS MARGIN EXPANSION IN FY23 COTY ADJUSTED GROSS MARGIN -170 bps YoY Flat YoY 64.6% 64.2% 64.2% 62.9% Q3 FYTD FY22 FY23 GROSS MARGIN 170 BPS LOWER YOY IN Q3 AND FLAT YOY FYTD, DRIVEN BY: ➤ CLOSE TO 100 BPS FROM ONE-TIME IMPACTS INCLUDING WELLA TSA BENEFIT IN PRIOR YEAR ➤ A STEP UP IN COGS INFLATION TO OVER 200 BPS OF SALES ➤ IMPACT FROM TRANSACTIONAL FX IMPACT PARTIALLY OFFSET BY POSITIVE SUPPLY CHAIN PRODUCTIVITY DRIVEN BY MANUFACTURING AND PROCUREMENT ➤ MSD PRICE INCREASE EXECUTED AT END OF Q3 CONTINUE TO EXPECT MODEST GROSS MARGIN EXPANSION IN Q4 AND FY23, WITH FURTHER EXPANSION IN COMING YEARS 11

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