Yatsen Results Presentation Deck

Our Strategic Transformation on Track Higher Net Revenues from Skincare Brands¹ Total Net Revenues from Skincare Brands² % 21.7% 46.9% Improved Gross Margin 65.0% 33.5% ||| 14.6% 4Q2021 4Q2022 FY2021 FY2022 4Q2021 4Q2022 FY2021 FY2022 HH Gross Margin % 71.1% 66.8% 68.0% Lower S&M Expenses % Selling & Marketing Expenses % 70.7% 53.2% 68.6% 62.9% 4Q2021 4Q2022 FY2021 FY2022 Net Loss (RMB MM) -475 Narrowed Net Loss Note: ¹ As a percentage of total net revenues 2 Include net revenues from DR. WU (its mainland China business), Galénic, Eve Lom, Abby's Choice and other skincare brands. -55 -821 -1,547 4Q2021 4Q2022 FY2021 FY2022 YSG 逸仙 urned Profitable under Non-GAAP Measures in Q4 Non-GAAP Net Income Margin % HH -14.7% 3.4% -21.9% 4Q2021 3Q2022 4Q2022 7

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