Kering Investor Presentation Deck

GUC P GUCCI Investor Presentation - November 2023 GUCCI 18. GUCCI €M ● KEY FIGURES Recurring operating income Margin (%) ● Revenue Gross CAPEX As % of revenue H1 2023 5,128 1,810 35.3% 232 4.5% H1 2022 5,173 1,886 36.5% 154 3.0% Change CAPEX UP PARTLY ON PHASING Network enhancement and selective expansion Efficiency of operations and supply chain -1% -4% -1.2pt +50% +1.5pt EBIT MARGIN DILUTION ON BRAND INVESTMENT Negative operating leverage on soft topline momentum Continued investment to fuel brand strategic initiatives: stores, client experience, communications... 45

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