1Q Fiscal Year 2021 Earnings Presentation August 5, 2020 VERSACE JIMMYCHOO MICHAEL KORS 1Q 2021 HIGHLIGHTS • Revenue trends improved sequentially through 1Q21 and into July • 1Q21 E-commerce sales up approximately 30% • 98% of stores have reopened • Strong full-price sales of accessories • 1Q21 Gross Margin expansion of 480bps • Ended quarter with $1.1 billion of liquidity 2 MONTHLY SALES TRENDS Trends improved sequentially throughout 1Q 4Q20 1Q21 (100)% (75)% (50)% (25)% 0% 25% Jan Feb Mar Apr May Jun Year ...