Investor Presentaiton

ROBUST FREE CASH FLOW DELIVERY FREE CASH FLOW $ Millions Adjusted EBITDA Q1 • 279 STRONG Q1 FREE CASH FLOW GENERATION DESPITE SEASONALLY WEAKER QUARTER Capex, WC, one-offs (4) Interest and tax (34) FREE CASH FLOW COTY SINCE 1904 241 • SOLID WORKING CAPITAL IMPROVEMENT • TIGHT MANAGEMENT OF CAPEX AND ONE- OFF COSTS 1Q FREE CASH FLOW OF $241M 13

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