Kering Investor Presentation Deck

CAPITAL EMPLOYED AND OPERATING WORKING CAPITAL SHAREHOLDERS' EQUITY €12,767M INVENTORIES €3,041 M NET DEBT €619M ][ ][ RECEIVABLES €898M DEBT-TO-EQUITY RATIO 4.8% PAYABLES 16 €1,659M CAPITAL EMPLOYED €13,386M OPERATING WORKING CAP €2,280M 14.5% * * N.B. (1) Calculated on LTM group revenue (2) Calculation based on a reclassification in 2021: some receivables and payables are now included in the Operating Working Cap, vs. part of Non-Operating WCR previously (3) H1 20 previous classification: OWC at 24% of LTM revenue; new classification: 15.5% of LTM revenue 33

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