Slide 1: Financial Overview
FINANCIAL OVERVIEW LAURENT MERCIER, Chief Financial Officer 1
Slide 2: FY23: Reinforces Confidence in FY23
FY23: REINFORCES CONFIDENCE IN FY23 INITIAL GUIDANCE LATEST VIEW LFL SALES 1Q23 (adjusting for the impact of +6-8% +8-9% Russia Exit) GROSS MARGIN Modest Expansion Expansion LFL SALES FY23 (adjusting for the impact of +6-8% +6-8% Russia Exit) GROSS MARGIN Modest Expansion Modest Expansion ADJ EBITDA
Slide 3: Shifting Portfolio
SHIFTING PORTFOLIO TO 9% 6% 7% 6% 4% 5% 5% FY19 REMAINCO FY22 REVENUE MIX REVENUE MIX 29% 25% 51% 53% Prestige Fragrances Mass Cosmetics Prestige & Mass Skincare Prestige Cosmetics Body Care Mass Fragrances 3
Slide 4: Skincare Buildout Strategy
& SKINCARE BUILDOUT STRATEGY FY23 FY24 FY25-FY26 FOUNDATIONS IN PLACE IN-MARKET ACTIVATION FULL SKINCARE ACCELERATION Acceleration of global distribution, Central R&D, Local market activations and launch activity marketing, analytics launches, activations, and digital and learnings across capabiliti
Slide 5: Skincare Revenues to Double, With Further Acceleration
SKINCARE REVENUES TO , WITH FURTHER $600-700M Orveda $500-600M Lancaster Philosophy ~$270M Indie Brands (Kylie & SKKN) Mass Skincare FY22 FY25 FY26 5
Slide 6: Accelerating Sales and Profit Momentum
ACCELERATING SALES AND PROFIT MOMENTUM FY23E FY23-25 Beyond FY25 NET REVENUES +6-8% LFL CAGR +6-8% LFL CAGR +6-8% LFL CAGR (adjusting for the impact of Russia Exit) GROSS MARGIN Modest Expansion Mid 60% by ‘25 Expanding EBITDA $955-965M +9-11% CAGR +9-11% CAGR TAX RATE High 20% High 20% High 20% EPS
Slide 7: Investment Highlights
RAPIDLY EXECUTING ON STRATEGIC AND FINANCIAL STRATEGY IMPROVED 1QFY23 OUTLOOK REINFORCING CONFIDENCE IN FY23 DELIVERY INVESTMENT STRONG PLANS AND CAPABILITIES IN PLACE TO DOUBLE SKINCARE REVENUES BY FY25, HIGHLIGHTS AND FURTHER ACCELERATE IN FY26 SKINCARE EXPANSION TO FUEL FURTHER GROSS MARGIN EXPAN
Slide 8: Thank You
FINANCIAL OVERVIEW THANK YOU LAURENT MERCIER TITLE OF THE PRESENTATION 8
Slide 9: Disclaimer
DISCLAIMER Forward-Looking Statements. Certain statements in this presentation are forward-looking statements. These forward-looking statements reflect the Company's current views with respect to, among other things, strategic planning, targets and outlook for future reporting periods (including the