Capri Holdings Limited · NYSE:CPRI
Capri — Investor Day (February 2025)
140 slides from Capri's investor day presentation, Feb 19, 2025
Slide 1: Jimmy Choo
P| IMMY CHOO
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains statements which are, or may be deemed to be, “forward-looking statements.” Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of Capri about
Slide 3: Investor Day Program
INVESTOR DAY PROGRAM CAPRI OVERVIEW VERSACE JIMMY CHOO MICHAEL KORS Q&A
Slide 4: Capri Holdings presenters
CAPRI HOLDINGS LIMITED John Idol, Chairman & Chief Executive Officer Tom Edwards, Chief Financial & Chief Operating Officer Emmanuel Gintzburger, Versace CEO Georgina Scholtens-Day, Versace VP of Marketing and Communications Hannah Colman, Jimmy Choo CEO Helene Phillips, Jimmy Choo Chief Client Offi
Slide 5: Capri Holdings Limited
CAPRI HOLDINGS LIMITED
Slide 6: Capri's Foundational Pillars
CAPRI’S FOUNDATIONAL PILLARS * THREE POWERFUL FASHION LUXURY BRANDS THAT RESONATE WITH CONSUMERS * GLOBAL DISTRIBUTION NETWORK OF 1,200 STORES, ENHANCED DIGITAL PLATFORM AND FOCUSED WHOLESALE PRESENCE * STRONG MANAGEMENT TEAM AND A GLOBAL WORKFORCE OF TALENTED EMPLOYEES ¢ FINANCIAL STRENGTH TO EXECU
Slide 7: Capri's Strategic Pillars
CAPRI’S STRATEGIC PILLARS ¢ MAXIMIZE THE FULL POTENTIAL OF OUR THREE DISTINCT FASHION LUXURY HOUSES ¢ ENGAGE AND INSPIRE NEW AND EXISTING CONSUMERS * DESIGN INNOVATIVE FASHION LUXURY PRODUCT ¢ DELIVER EXCEPTIONAL CONSUMER EXPERIENCE ¢ BUILD UPON OUR CORPORATE VALUES WITH COMMUNITIES BOTH INTERNALLY
Slide 8: Capri Revenue and Earnings Growth
CAPRI REVENUE AND EARNINGS GROWTH OPPORTUNITY $6.3B 86-28 $4.7B $4.4B $41B $4.4B . ADJUSTED OPERATING MARGIN* F2024 F2025E F2026E F2027E F2028E FUTURE Y/Y EX IMPACT ON REVENUE S35M $(40)M $(100)M *US GAAP results adjusted for special items; see Appendix for reconciliation to US GAAP
Slide 9: Capri Revenue by Brand
CAPRI REVENUE BY BRAND $6.3B $5.2B $4.7B m Versace $4.4B $4.4B $4.1B = Jimmy Choo ~ Michael Kors F2024 F2025E F2026E F2027E F2028E FUTURE
Slide 10: Capri Revenue by Region
CAPRI REVENUE BY REGION $6.3B $5.2B B Asia $4.4B $41B mEMEA ~ Americas $4.7B $4.4B F2024 F2025E F2026E F2027E F2028E FUTURE
Slide 11: Capri Revenue by Channel
CAPRI REVENUE BY CHANNEL $6.3B $5.2B B Licensing $4.7B $4.4B $4.4B $4.1B = Wholesale ~ Retail F2024 F2025E F2026E F2027E F2028E FUTURE
Slide 12: Capri Operating Margin Expansion
CAPRI OPERATING MARGIN EXPANSION ADJUSTED OPERATING MARGIN* HIGH- TEEN% LDD% 9.5% / = 2.3% F2024 F2025E F2026E F2027E F2028E FUTURE *US GAAP results adjusted for special items; see Appendix for reconciliation to US GAAP MARGIN DRIVERS ¢ ANTICIPATE ~“5OBPS OF GROSS MARGIN EXPANSION PER YEAR * BENEFIT
Slide 13: Capital Investments
CAPITAL INVESTMENTS INVESTMENT PRIORITIES SI92M $200M $200M * STORE RENOVATIONS $125M $125M * NEW STORES * DIGITAL TECHNOLOGY i i F2024 F2025E F2026E F2027E F2028E
Slide 14: Capri Retail Store Fleet
CAPRI RETAIL STORE FLEET 1,239 1,225 W157 1,100 1,110 1,120 ™ Ei a a so Ji Ch 234 immy Choo oo 995 210 215 220 Michael Kors 769 6 710 670 660 650 700 F2024 F2025E F2026E F2027E F2028E FUTURE
Slide 15: Capital Allocation
CAPITAL ALLOCATION ALLOCATION PRIORITIES ¢ INVEST IN BUSINESS * REDUCE DEBT * AS BUSINESS STABILIZES, POTENTIAL TO RESUME SHARE REPURCHASES DEBT REDUCTION NET DEBT $1.5B $1.2B $1.0B i L L $0.6B F2024 F2025E F2026E F2027E F2028E
Slide 16: Versace
VERSACE Emmanuel Gintzburger
Slide 17: Agenda
AGENDA STRATEGIC INITIATIVES BRAND VISION PRODUCT CONSUMER EXPERIENCE FINANCIAL OUTLOOK
Slide 18: Versace Strategic Initiatives
VERSACE STRATEGIC INITIATIVES COMMUNICATION STRATEGY * CONTINUE TO LEVERAGE STRONG BRAND AWARENESS * ENGAGE AND INSPIRE NEW AND LOYAL CONSUMERS * COMBINE STORYTELLING WITH DATA ANALYTICS PRODUCT STRATEGY * INJECT MORE ENERGY INTO THE ASSORTMENT TO BETTER BALANCE FASHION AND TIMELESSNESS * DESIGN PRO
Slide 19: Brand Promise
BRAND PROMISE VERSACE CREATES ITALIAN LUXURY FASHION THAT EMPOWERS INDIVIDUALS TO STAND OUT AND EXPRESS THEIR OWN STYLE AND IDENTITY.
Slide 20: Brand Vision
BRAND VISION FREE TO BE t FREE TO BE YOURSELF, UNAPOLOG ICALLY.
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Slide 26: Attracting a New Audience
ATTRACTING A NEW AUDIENCE DIVERSIFY THE CLIENT BASE i ° le al A | - é f - \ a uy _ d } GROW HIGH NET LOYALTY AND ENGAGE WITH WORTH INDIVIDUALS ADVOCACY ASPIRATIONAL CONSUMERS
Slide 27: Combine the Power of Data and Storytelling
COMBINE THE POWER OF DATA AND STORYTELLING
Slide 28: Accelerate Database Growth
ACCELERATE DATABASE GROWTH 12M 25% CAGR - an ; : F2020 F2021 F2022 F2023 F2024 F2025 FUTURE YTD
Slide 29: Product
PRODUCT
Slide 30: Pink Kleio on Sofa Holiday V Shoe
PINK KLEIO ON SOFA HOLIDAY V SHOE
Slide 31: Iconic House Codes
ICONIC HOUSE CODES a cane I Pe ns MEDUSA GRECA VERSACE
Slide 32: Accessories Growth Strategy
ACCESSORIES GROWTH STRATEGY INCREASE ACCESSORIES TO $600M S600M * LEVERAGE STRONG HOUSE CODES * NEW ICONIC LUXURY LINE INTRODUCED 2025 ¢ BUILD TIMELESSNESS GROUPS * BROADEN PRICE ARCHITECTURE F2024 FUTURE
Slide 33: Footwear Growth Strategy
FOOTWEAR GROWTH STRATEGY INCREASE FOOTWEAR TO $250M * LEVERAGE STRONG HOUSE CODES 7 * BUILD HERO PRODUCTS TO DRIVE DESIRABILITY S160M * REINFORCE HOUSE CODES $250M * BROADEN PRICE ARCHITECTURE F2024 FUTURE
Slide 34: Men's Growth Strategy
MEN’S GROWTH STRATEGY INCREASE MEN'S TO $300M * DIVERSIFY CONSUMER PROFILES * BALANCE CREATIVITY & TIMELESSNESS * COMPLETE WARDROBE: TAILORING & SPORTSWEAR * BROADEN CONSUMER BASE F2024 FUTURE
Slide 35: License Products
LICENSE PRODUCTS OVER $2B IN REVENUE EYEWEAR FRAGRANCE WATCHES
Slide 36: Versace Product Mix Progression
VERSACE PRODUCT MIX PROGRESSION F2024 FUTURE 29% ACCESSORIES 4 te), FOOTWEAR 0% 17% FOOTWEAR 16% Total Revenue
Slide 37: Consumer Experience
CONSUMER EXPERIENCE
Slide 38: Consumer Experience
CONSUMER EXPERIENCE : ‘SPRING-SUMMER 2025 —l = THE NEW Agi e RETAIL E-COMMERCE WHOLESALE
Slide 39: Leverage Global Luxury Retail Locations
LEVERAGE GLOBAL LUXURY RETAIL LOCATIONS STORE SEGMENTATION * LUXURY FLAGSHIPS FOCUS > 56 300 250 207 220 235 * FLEET OPTIMIZATION gw Asia « FUTURE STORE OPENINGS = EMEA 46 47 52 57 7 Americas 45 F2024 F2025E F2026E F2027E F2028E FUTURE
Slide 40: Improve Retail Store Sales Densities
IMPROVE RETAIL STORE SALES DENSITIES * RETAIL EXCELLENCE & OMNICHANNEL $1.00 / SQ FT CAPABILITIES * INCREASE FULL PRICE SELL-THROUGH $900 / SQ FT * DRIVE CONVERSION WITH CLIENTELLING F2024 FUTURE Store sales per gross square foot
Slide 41: Store Traffic Drivers
STORE TRAFFIC DRIVERS HIGH VISIBILITY EVENTS & CLIENTELLING POP-UPS
Slide 42: OE Ba
OE Ba i ten ae SS
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Slide 47: Grow E-Commerce Revenue
GROW E-COMMERCE REVENUE GROW E-COMMERCE TO $250M ¢ MAXIMIZE OMNICHANNEL CAPABILITIES * VERSACE.COM FULL BRAND WINDOW $120M ¢ ONLINE VIC & OFFLINE EXPERIENCES F2024 FUTURE
Slide 48: Grow Wholesale
GROW WHOLESALE * REBUILD STRATEGIC PARTNERSHIPS * CATEGORY BUILDING: LEATHERGOODS, FOOTWEAR, MEN'S ¢ APPLY RETAIL CAPABILITIES » $300M $200M F2024 FUTURE 48
Slide 49: Financial Outlook
FINANCIAL OUTLOOK
Slide 50: Versace Financial Outlook
VERSACE FINANCIAL OUTLOOK $1.5B $1.0B $900M $810M $800M $850M OPERATING F2024 F2025E F2026E F2027E F2028E FUTURE
Slide 51: Versace Revenue by Region
VERSACE REVENUE BY REGION $1.5B BAsia m= EMEA ~ Americas F2024 F2025E F2026E F2027E F2028E FUTURE
Slide 52: Versace Revenue by Channel
VERSACE REVENUE BY CHANNEL $1.5B $1.0B mLicensing S900M $810M $800M $850M = Wholesale ~ Retail F2024 F2025E F2026E F2027E F2028E FUTURE Retail includes stores and E-commerce
Slide 53: Versace Path to $1.5B
VERSACE PATH TO $1.5B LEVERAGE HIGH LEVEL OF BRAND AWARENESS BROADEN CLIENT BASE ACROSS PROFILES DOUBLE ACCESSORIES REVENUE ACCELERATE FOOTWEAR GROWTH DRIVE RETAIL & E-COMMERCE TO FULL POTENTIAL ee INCREASE WHOLESALE REVENUE
Slide 54: Jimmy Choo
JIMMY CHOO Hannah Colman
Slide 55: Agenda
AGENDA STRATEGIC INITIATIVES BRAND VISION PRODUCT CLIENT EXPERIENCE FINANCIAL OUTLOOK
Slide 56: Jimmy Choo Strategic Initiatives
JIMMY CHOO STRATEGIC INITIATIVES COMMUNICATION STRATEGY * EXCITE AND ENGAGE CLIENTS THROUGH PRODUCT * ATTRACT NEW AUDIENCES AND NURTURE THE CORE * AUGMENT STORYTELLING WITH DATA ANALYTICS PRODUCT STRATEGY * REINFORCE BRAND CODES ¢ DRIVE ACCESSORIES * EXPAND FOOTWEAR * UNLOCK MEN'S OPPORTUNITY CLIENT
Slide 57: Brand Vision
BRAND VISION IGNITING JOY EMPOWERING ACHIEVEMENT
Slide 58: Brand Promise
BRAND PROMISE WE UNLOCK A FEELING OF SELF- CONFIDENCE, AN INNATE SENSE OF GLAMOUR. WE ARE TRUSTED BY OUR COMMUNITY IN THE MOMENTS THAT MATTER MOST. WE ARE LEADERS IN OUR CRAFT, AND DELIVER IT WITH CULTURAL IMPACT AND RELEVANCE.
Slide 59: The Bon Bon & Drop Heel
THE BON BON & DROP HEEL
Slide 60: Brand Codes
BRAND CODES
Slide 61: The Cinch
THE CINCH
Slide 62: Ooh Annie The Drop Heel
OOH ANNIE THE DROP HEEL
Slide 63: The Diamond Trainer
4 4 = a Zz 4 THE DIAMOND TRAINER
Slide 64: The Diamond Maxi & Leenie Tote
The Diamond Maxi & Leenie Tote 64
Slide 65: Expand Our Community
EXPAND OUR COMMUNITY AMBASSADORS COMMUNITY OF COLLABORATIONS INFLUENCE
Slide 66: Ignite Joy & Build
IGNITE JOY & BUILD AUTHENTIC RELATIONSHIPS BUILD ON CLIENTELLING CULTURE CLIENT EXPERIENCES STORYTELLING & DATA ANALYTICS
Slide 67: Accelerate Database Growth
ACCELERATE DATABASE GROWTH 10M 17% CAGR 6.9M 6.2M 5.5M 4.8M 35.7M 3.2M - F2020 F2021 F2022 2023 F2024 F2025 FUTURE YTD
Slide 68: Product
PRODUCT
Slide 69: Product Strategy
PRODUCT STRATEGY REINFORCE DRIVE EXPAND BRAND CODES ACCESSORIES FOOTWEAR
Slide 70: Reinforce Iconic Brand Codes
REINFORCE ICONIC BRAND CODES CRYSTAL
Slide 71: Accessories Growth Strategy
ACCESSORIES GROWTH STRATEGY EXPAND ACCESSORIES TO 30% OF MIX ¢ REINFORCE KEY FAMILIES $240M ¢ JIMMY CHOO BRANDING om * CHALLENGER PRODUCTS SIS5M ¢ MAINTAIN LEADERSHIP IN EVENING F2024 FUTURE
Slide 72: Unlock Full Potential of Footwear
UNLOCK FULL POTENTIAL OF FOOTWEAR INCREASE FOOTWEAR TO $460M 0%” $460M $420M * GAIN SHARE OF SHOE CLOSET * CONTINUED GROWTH IN CASUAL * INTRODUCTION OF NEW FUNCTIONS F2024 FUTURE
Slide 73: Men's Growth Strategy
MEN’S GROWTH STRATEGY INCREASE MEN'S TO 8% OF MIX S65M * BUILD ON SUCCESS IN JAPAN * CONTINUED TRAINER GROWTH * NEW LENS FOR FORMAL & ACCESSORIES F2024 FUTURE
Slide 74: Jimmy Choo Product Mix Progression
JIMMY CHOO PRODUCT MIX PROGRESSION ACCESSORIES ACCESSORIES 22% 50% i) F2024 [> FUTURE FOOTWEAR 69% FOOTWEAR 57% Total Revenue
Slide 75: Client Experience
CLIENT EXPERIENCE
Slide 76: MY Gi@@
MY Gi@@
Slide 77: Madison Avenue New York
MADISON AVENUE new yo NEW YORK
Slide 78: Madison Avenue New York
MADISON AVENUE new vork, new york ey
Slide 79: Madison Avenue New York
MADISON AVENUE newyork, New york
Slide 80: Leverage Global Luxury Retail Locations
LEVERAGE GLOBAL LUXURY RETAIL LOCATIONS 234 2200 yy 5220 225 * FLAGSHIP FOCUS * NETWORK OPTIMIZATION » INCREASE STORE mAsia PRODUCTIVITY m EMEA 44 4l 42 43 45 Americas A3 F2024 F2025E F2026E F2027E F2028E FUTURE
Slide 81: Store Traffic Drivers
STORE TRAFFIC DRIVERS NN 2 Spring 2025 with Sie shor now pe | | POWERFUL OMNICHANNEL RETAIL ANIMATIONS 560 MARKETING & CLIENTELLING
Slide 82: Improve Retail Store Sales Densities
IMPROVE RETAIL STORE SALES DENSITIES * OPTIMIZE MERCHANDISING STRATEGY $1,500 / SQ FT * ENHANCED RETAIL EXCELLENCE PROGRAMS ~— giigo sq et ¢ LEVERAGE CLIENTELLING & OMNICHANNEL CAPABILITIES F2024 FUTURE Store sales per gross square foot
Slide 83: Drive Digital Growth
DRIVE DIGITAL GROWTH ACCELERATE E-COMMERCE TO $140M + LEVERAGE CLIENT INSIGHTS AND wal S140M DATA TO DRIVE CONVERSION 65% * DRIVE DATABASE GROWTH & CLIENT $85M ACQUISITION * BUILD ON BEST IN CLASS SITE EXPERIENCE F2024 FUTURE
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Slide 114: $70 0M $60 0M $50 0M $40 0M • • $30 0M $20 0M
$70 0M $60 0M $50 0M $40 0M • • $30 0M $20 0M • $10 0M $0M
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Slide 116: $60 0M $50 0M • $40 0M $30 0M • $20 0M • $10
$60 0M $50 0M • $40 0M $30 0M • $20 0M • $10 0M $0M
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Slide 118: $40 0M $35 0M $30 0M $25 0M • $20 0M • $15 0M
$40 0M $35 0M $30 0M $25 0M • $20 0M • $15 0M $10 0M $50 M $0M
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Slide 125: TRPLS VR IEYH
TRPLS VR IEYH LONF ON
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Slide 134: $4.5 70.0% $4.0 60.0% $3.5 50.0% $3.0 40.0% $2.5 $2.0 30.0% $1.5 20.0% $1.0
$4.5 70.0% $4.0 60.0% $3.5 50.0% $3.0 40.0% $2.5 $2.0 30.0% $1.5 20.0% $1.0 10.0% $0.5 $0.0 0.0%
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$4,500 $4.5 $4,000 $4.0 $3,500 $3.5 $3,000 $3.0 $2,500 $2.5 $2,000 $2.0 $1,500 $1.5 $1,000 $1.0 $500 $0.5 $0 $0.0
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$4,500 $4.5 $4,000 $4.0 $3,500 $3.5 $3,000 $3.0 $2,500 $2.5 $2,000 $2.0 $1,500 $1.5 $1,000 $1.0 $500 $0.5 $0 $0.0
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Slide 139: Non-GAAP financial measures
This presentation includes certain non-GAAP financial measures that exclude certain costs associated with impairment charges, restructuring and other charges, ERP implementation costs, Capri transformation costs and costs related to the previously terminated merger agreement with Tapestry, Inc. The
Slide 140: Reconciliation footnotes
(5) (1) Asset impairment charges primarily relate to the impairment of the Jimmy Choo Retail and Wholesale reporting units goodwill and Versace and Jimmy Choo brand intangible assets, as well as the impairment of certain operating lease right-of-use assets. (2) Amounts impacting operating expenses p