Kering Investor Presentation Deck

€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 Acquisitions of property, plant and equipment and intangible assets (net) Free cash flow from operations Investor Presentation - November 2023 H1 2023 Excl. real estate acquisition and disposal 3,435 (354) (411) 2,670 (532) 2,138 H1 2023 3,435 (419) (419) 2,597 (1,774) 823 H1 2022 3,503 (476) (617) 2,410 (361) 2,049 58

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