Investor Presentaiton

NET DEBT IMPROVEMENT COTY SINCE 1904 $5.2 Bn $0.2 FCF generation. ~$1.65 Bn $4.96 Bn Wella 40% financial stake at end of Q1 ~$3.3 Bn 4Q21 FINANCIAL NET DEBT NET DEBT ACTIONS 1Q22 FINANCIAL NET DEBT SECURED COMMITMENTS TO EXTEND REVOLVER MATURITY TO FY25 AND REDUCE REVOLVER CAPACITY TO $2.0B FROM PREVIOUS $2.75B NET BLENDED COST OF DEBT A LITTLE MORE THAN 4% 1Q22 ECONOMIC NET DEBT CAPITAL STRUCTURE ENHANCED REDUCES OVERHANG FROM KKR OWNERSHIP OF CONVERTIBLE PREFERRED SHARES FINANCIAL STAKE IN WELLA INCREASED BY $390M ON A FAIR VALUE BASIS AT END OF Q1 CONFIRMING ATTRACTIVENESS AND LIQUIDITY OF WELLA ASSET 14

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