COTY Skincare Portfolio and Financial Overview
KEY MESSAGES
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ROBUST BEAUTY DEMAND DRIVES Q3 SALES GROWTH AHEAD OF GUIDANCE
Q3 CORE LFL REVENUE GROWTH OF +15%, AHEAD OF UPDATED CORE LFL GUIDANCE OF
+10%, WITH PARTICULAR STRENGTH IN PRESTIGE & DD GROWTH IN CONSUMER BEAUTY
REINVESTING IN GROWTH FLYWHEEL, WHILE SECURING PROFIT DELIVERY IN FY23 & BEYOND
SIGNIFICANT STEP-UP IN INVESTMENTS BEHIND SKINCARE TO FUEL GROWTH FLYWHEEL;
ON TRACK FOR FY23 EBITDA AND TARGETED LEVERAGE TOWARDS ~3X EXITING CY23
PROGRESS ACROSS EACH STRATEGIC PILLAR
■ STRONG EXECUTION ACROSS ALL OF OUR STRATEGIC PILLARS
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RAISING FY23 REVENUE AND EPS GUIDANCE, AND REITERATING FY23 EBITDA OUTLOOK
COTY
RAISING FY23 CORE BUSINESS (EX RUSSIA) LFL REVENUE GROWTH TO +9-10%; MAINTAINING
ADJUSTED EBITDA ~$955-965M AT CURRENT FX RATES DESPITE OVER $50M FX IMPACT ON
PROFIT; INCREASING ADJ EPS OUTLOOK
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