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ALL-IN TO WIN IS COTY'S END-TO-END TRANSFORMATION PROGRAM FY21 FY22 FY23 PRIMARY FOCUS AREAS KEY OUTCOMES 1 FUNDING THE FIXED COSTS JOURNEY 2345 COTY SINCE 1904 GROSS MARGIN ATTACK: RESETTING COTY'S GROSS MARGIN GROSS TO NET/ PRICING & COGS INVEST IN A&CP DELIVER SUSTAINABLE, PROFITABLE GROWTH CASH OLYMPICS, REDUCE DEBT ACCELERATE CULTURE & ESG 6 GROWTH ENGINES FCF & WORKING CAPITAL INCREASE PROFITABILITY FUND GROWTH PROJECTS REDUCE DEBT 17

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