| --- | --- | --- | --- | |--------------------------------|-------|-------|-------| | | | | | | | | | | | COTY 1Q23 | | | | | EARNINGS CALL November 8, 2022 | | | | | | | | | KEY MESSAGES 2 ROBUST BEAUTY DEMAND DRIVE MARKET-LEADING Q1 SALES GROWTH AHEAD OF GUIDANCE ▪ Q1 LFL REVENUE GROWTH OF +9%, WITH CORE BUSINESS +11% LFL, AHEAD OF RAISED GUIDANCE OF +8-9% LFL SOLID GROSS MARGIN, PROFIT & NET DEBT PERFORMANCE DESPITE INFLATION ▪ 1Q22 ADJ GROSS MARGIN +70 BPS YOY; ADJ OPERATING INCOME +24%, NET DEBT IMPRO ...