Kering Investor Presentation Deck

In €m FREE CASH FLOW FROM OPERATIONS Cash flow before taxes, dividends and interests Change in working capital requirement Income tax paid Net cash flow from operating activities Acquisition of fixed operating assets, net Free cash flow from operations H1 2021 2,895 12 (209) 2,698 (344) 2,354 H1 2020 1,596 (470) (193) 933 (367) 566 32

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