| --- | --- | --- | --- | --- | --- | --- | |-----------------------|---------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | COTY 3Q22 May 9, 2022 | EARNINGS CALL | | | | | | | | | | | | | | KEY MESSAGES 2 3Q22 REVENUES GROWTH ACCELERATED ▪ Q3 LFL REVENUE GROWTH ACCELERATED TO +19%, AHEAD OF MID TEENS GROWTH GUIDANCE, WITH ALIGNED SELL-IN AND SELL-OUT ACHIEVED STRONG GROSS MARGIN EXPANSION AND MOMENTUM ON DELEVERING ▪ 3Q22 ADJ GROSS MARGIN +240 BPS YOY; NET DEBT LOWERED BY ...