COTY 2Q22 EARNINGS CALL February 8, 2022 1 KEY MESSAGES 2 1H22 REVENUES AND SELL-OUT ALIGNED WITH MID TEENS GROWTH ▪ Q2 LFL REVENUES INLINE WITH LOW TEENS GROWTH GUIDANCE, FOLLOWING Q1 PIPEFILL, WHILE SELL-OUT ACCELERATES PROFITS AND CASH GENERATION AHEAD OF EXPECTATIONS ▪ 2Q22 ADJ GROSS MARGIN +590 BPS YOY AND +120 BPS QOQ; ADJ EBITDA AHEAD OF GUIDANCE DESPITE SIGNIFICANT A&CP INVESTMENT; NET DEBT <$4.5B, LEVERAGE <5X CONTINUED EXECUTION OF STRATEGY ▪ CONTINUED STRONG PROGRESS ACROSS OUR STRATEGIC PILLARS ...