Kering Investor Presentation Deck

● GROUP RECURRING OPERATING INCOME & MARGIN (EM & %) 2,820 28.4% H1 22 2,739 27.0% Investor Presentation - November 2023 H1 23 INVESTING IN OUR HOUSES SUSTAINING HIGH PROFITABILITY LEVEL ● ● A YEAR OF INVESTMENT FCF FROM OPERATIONS (€M) 2,049 H1 22 2,138 H1 23 excl. real estate acquisition and disposal FCF +4% YOY AT €2.1BN* GROUP CAPEX** AT €532M (+47% YOY), 5.2% OF REVENUE VS. 3.6% IN H1 22 OPERATING WORKING CAPITAL AT 16.8% OF LTM REVENUE * Excluding real estate acquisition and disposal for €1.3bn ** Excluding real estate acquisition for €1.4bn *** Excluding lease liabilities ● ● NET DEBT (€M)*** 2,306 YE 22 3,854 HYE 23 USUAL SEASONALITY IN NET DEBT POSITION VS. YEAR-END INCREASE IN SHAREHOLDER RETURN ACQUISITION OF PRESTIGIOUS BUILDINGS IN PARIS 23

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