Investor Presentaiton slide image

Investor Presentaiton

SOLID ADJUSTED EPS DELIVERY $ Millions Q1 Adjusted EBITDA 279 (Continuing Ops) Depreciation (78) Net Interest (60) Income Tax (40) Other (8) Adj Preferred Dividend (29) Diluted Share Count Diluted Adjusted EPS * COTY SINCE 1904 788 1Q21 adjusted EPS of $0.08, driven by strong adjusted EBITDA results • Tax rate at ~29% due to tax jurisdictions and regional profit mix Full year tax rate should remain in similar range • • Preferred dividend at $29M reflecting full KKR preferred ownership through end of Aug ➤ Quarterly preferred div expense expected to decline to ~$7M beginning in Q3 Wella Fair Market Value increased by $390M in Q1, though mark-to-market change is excluded from adjusted EPS 8 cents * Diluted adjusted EPS calculated under the "if-converted” method for the Convertible Preferred Stock 12
View entire presentation