Kering Investor Presentation Deck

H1 2023 NET DEBT* BRIDGE In €m and Net Debt / EBITDA** ratio 2,306 0.3x Net debt at Dec. 31, 2022 --2,138 FCF from operations excl. real estate acquisition and disposal * Excluding lease liabilities ** LTM Investor Presentation - November 2023 EBITDA CHANGE IN NET FINANCIAL DEBT +1,314 Real estate acquisition and disposal +1,724 Dividends paid +95 Net interest paid and dividends received +488 Lease repayment and related interests +65 Net financial investments and other 3,854 0.5x Net debt at June 30, 2023 59

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