All-In to Win Transformation Program

FY21 SAVINGS DRIVEN BY STREAMLINED OVERHEAD BREAKDOWN OF FY21 COST SAVINGS Trade Investment Structural A&CP 4% 14% COGS 22% >$330M COTY 59% Fixed Costs (Headcount, Business SVCs) EXAMPLES OF COST REDUCTION ACTIONS Funding the Journey PEOPLE COST NON- PEOPLE OVERHEAD REAL ESTATE OUT- SOURCING • • Reduced SG&A headcount by 17% between FY21 and FY20 • • FY22 plan includes further reductions and reinvestment of ~200 new positions Drastic reductions in all external spend categories, e.g. reduced Temporary Staff spend by >33% vs. FY20 Implementing significant reduction in office space, including London, New York, Geneva, Paris and Amsterdam; full year effect of >$25M Transition of 3 existing Coty Shared Service Centers and in-market G&A roles to 3rd party provider 5

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