Slide 1: Coty Group Investor Call with Bank of America
COTY GROUP INVESTOR CALL WITH BANK OF AMERICA MAY 22, 2024 1
Slide 2: U.S. Beauty Market Continues to Premiumize
U.S. BEAUTY MARKET CONTINUES TO PREMIUMIZE U.S. BEAUTY MARKET CY23 SALES GROWTH BY CATEGORY Prestige Mass 15% 14% 12% 11% 6% 4% FRAGRANCE MAKEUP SKINCARE Circana, U.S. Beauty Market YoY Sales Growth by Category (Jan-Dec 2023) 2
Slide 3: Prestige Volumes 2-Yr CAGR Remains Consistent into 4Q24
PRESTIGE VOLUMES 2-YR CAGR REMAINS CONSISTENT INTO 4Q24 QUARTERLY PRESTIGE LFL VOLUMES 2-YEAR CAGR VS. FY22 ~3-4% ~3-4 % ~3-4% Q2 Q3 Q4 (est.) PRESTIGE LFL REVENUE GROWTH AND VOLUME GROWTH ACCELERATED BY MSD % BETWEEN 3Q23 AND 4Q23 FULLY DUE TO RETAILER REBUILDING INVENTORY POST SUPPLY SHORTAGES IN
Slide 4: Underlying Prestige Trends Remain Consistent into 1Q25
UNDERLYING PRESTIGE TRENDS REMAIN CONSISTENT INTO 1Q25 ~LSD-MSD% LFL VOLUME CAGR VS. 1Q22 Supply shortages 1Q22 1Q23 1Q24 1Q25E PRESTIGE LFL VOLUMES 1Q25 OUTLOOK EMBEDS CONSISTENT PRESTIGE LFL VOLUME OF LSD-MSD% CAGR VS. 1Q22, BUT IMPLIES SOME SEQUENTIAL IMPROVEMENT IN YOY GROWTH IN PRESTIGE REVENUE
Slide 5: Appendix
APPENDIX
Slide 6: Prestige & Consumer Beauty Volumes by Quarter
PRESTIGE & CONSUMER BEAUTY VOLUMES BY QUARTER FY22 – FY24 QUARTERLY CORE LFL VOLUMES BY SEGMENT FY22 FY22 FY22 FY22 FY23 FY23 FY23 FY23 FY24 FY24 FY24 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 PRESTIGE CORE LFL VOLUMES MID 20S % HSD % LOW 20S % MID 20S % FLAT - LSD % MSD % HSD % LDD % HSD % LSD % (EX. RUSSIA
Slide 7: Disclaimer
DISCLAIMER THIS PRESENTATION IS MEANT TO PROVIDE MORE GRANULARITY ON OUR PRESTIGE OUTLOOK AND COTY IS NOT UPDATING OR REAFFIRMING ITS PREVIOUSLY ANNOUNCED GUIDANCE. Forward-Looking Statements Certain statements in this presentation are forward-looking statements. These forward-looking statements ref
Slide 8: Disclaimer Continued
DISCLAIMER CONTINUED Non-GAAP Financial Measures In this presentation, Coty presents certain non-GAAP financial measures that we believe enable management and investors to analyze and compare the underlying business results from period to period, including organic like-for-like (LFL) metrics. The te