Revlon Adjusted EBITDA Margin Reconciliation

Ability to Execute on Cost-Cutting Initiatives Since the implementation of the 2018 Optimization Program, the Company has reduced annualized expenses by $237mm. $ in millions $300 $250 $200 $150 $100 $50 $95 $26 $121 $21 $28 $66 $237 2018 Business Optimization Program: 2019 Cost Reductions 2018 Business Optimization Program: 1H 20 Cost Reductions Total 2018 Business Optimization Program Cost Reductions Revlon 2020 Restructuring Program: 1 H'20 North America Compensation Revlon 2020 Restructuring Program: 1H'20 North America Operating Cost Reductions Annualization Adjustment Total Annualized Structural Cost Reductions 2018 - 2020 Source: Company Filings 11 REVLON

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