Slide 1: Fourth Quarter FY 2026 Results
FOURTH QUARTER FY 2026 RESULTS AUGUST 19, 2026
Slide 2: Introduction
INTRODUCTION Markus Strobel, Laurent Mercier, Executive Chairman & Interim Chief Executive Officer Chief Financial Officer 2
Slide 3: Sales & Sell Out Trends
SALES & SELL OUT TRENDS
Slide 4: Q4 Results: Coty LFL Sales Ahead of Guidance
Q4 RESULTS: COTY LFL SALES AHEAD OF GUIDANCE 1Q26 2Q26 3Q26 4Q26 FY26 (8)% (3)% (7)% (1)% (5)% 4
Slide 5: Continued Resilience in the Beauty Market
CONTINUED RESILIENCE IN THE BEAUTY MARKET PRESTIGE BEAUTY COTY PRESTIGE MASS BEAUTY COTY CB MARKET SELL-OUT MARKET SELL-OUT 6% 6% 5% 5% 0% 2H26 FY26 -2% -1% -4% 2H26 FY26 2H26 FY26 2H26 FY26 Prestige source: Circana (P6M through June 2026) Mass source: Nielsen GTC B&M + 1P + Other Ecom (P6M through
Slide 6: Coty's Prestige LFL Sales Trends
COTY’S PRESTIGE LFL SALES TRENDS ➢ Prestige fragrance revenues -1% in Q4 ➢ Strong DD% growth in prestige cosmetics, fueled by momentum in -6% -2% -5% -4% Kylie, Burberry, and early contribution -0.5% from Marc Jacobs makeup launch ➢ Est. Middle East impact on LFL sales in Q4 of -1.5%, lower than ini
Slide 7: Coty's Consumer Beauty LFL Sales Trends
COTY’S CONSUMER BEAUTY LFL SALES TRENDS ➢ Color cosmetics sales remained pressured in Q4, declining MSD%, though trends improved sequentially ▪ Sally Hansen back to sales growth in U.S. and U.K., supported by -3% continued sell-out momentum -6% ▪ CoverGirl sell-out trends improving -7% & narrowing g
Slide 8: 4Q & FY26 Financial Results
4Q & FY26 FINANCIAL RESULTS
Slide 9: Q4 Results: Adjusted Gross Margin Inline with Expectations
Q4 RESULTS: ADJUSTED GROSS MARGIN INLINE WITH EXPECTATIONS -190 bps 64.9% -140 bps 63.0% 62.3% 60.9% 4Q25 4Q26 FY25 FY26 9
Slide 10: Savings Program Driving Structural SG&A Reductions
SAVINGS PROGRAM DRIVING STRUCTURAL SG&A REDUCTIONS ALL-IN-TO-WIN PROGRAM DELIVERED FY26 SAVINGS AHEAD OF TARGET >$250M FY26 UNDERLYING FIXED COST STRUCTURE -4% YoY (SG&A EXCLUDING A&CP AND VARIABLE COMP) 10
Slide 11: Q4 Results: EBITDA and EPS at High End of Guidance
Q4 RESULTS: EBITDA AND EPS AT HIGH END OF GUIDANCE $1,082M -22% $0.50 -32% $847M $0.34 -26% $127M $0.02 $0.00 $94M 4Q25 4Q26 FY25 FY26 4Q25 4Q26 FY25 FY26 ADJUSTED EBITDA ADJUSTED EPS (EXCLUDING THE EQUITY SWAP) 11
Slide 12: Q4 Results by Division: Prestige Maintains Strong Margins
Q4 RESULTS BY DIVISION: PRESTIGE MAINTAINS STRONG MARGINS; CONSUMER BEAUTY PRESSURED PRESTIGE CONSUMER BEAUTY ADJUSTED EBITDA ADJUSTED EBITDA -12% $197M $885M 9.5% $779M -66% 23.2% 20.5% -67% $68M $24M $8M 3.4% 4Q25 4Q26 FY25 FY26 -17% Profit declines reflect gross margin pressure: ▪ Supply chain co
Slide 13: Very Strong FY26 Free Cash Flow
VERY STRONG FY26 FREE CASH FLOW $348M FY26 FREE CASH FLOW +$70M YoY EBITDA DECLINES MORE THAN OFFSET BY: ➢ STRONG WORKING CAPITAL MANAGEMENT ➢ REDUCTION YOY IN CASH BONUSES ➢ $44M REDUCTION IN CASH PAID FOR INTEREST ➢ $25M LOWER CAPEX 13
Slide 14: Deleveraging Remains Top Priority
DELEVERAGING REMAINS TOP PRIORITY ~$2.9B -$839M YoY NET DEBT EXITING Q4 (PRIOR TO GUCCI PROCEEDS) ~3.4x CONTINUE TO TARGET LEVERAGE TOWARDS 2x LEVERAGE EXITING Q4 (PRIOR TO GUCCI PROCEEDS) OVER TIME CONTINUING TO EVALUATE PORTFOLIO & ASSETS 14
Slide 15: Outlook
OUTLOOK p
Slide 16: 1Q27 Outlook
1Q27 OUTLOOK REVENUE LFL LSD% to MSD% decline REPORTED REVENUES Neutral FX ADJ GROSS MARGIN 50 to 100 basis point YoY decline ADJ. EBITDA Low teens % decline YoY, moderating from 2H FY26 YoY declines ADJ EPS (EXCL. SWAP) $0.11 to $0.13 FREE CASH FLOW >$300M in 1H FY27 16
Slide 17: FY27 Framework
FY27 FRAMEWORK ➢ Several large, highly-incremental launches planned in FY27, coupled with smaller targeted launches designed to strengthen core franchises ➢ Volatility in potential COGS headwind from Middle East conflict /oil prices ➢ Potential upside from tariff refunds, though not currently includ
Slide 18: Multi-Year Framework
MULTI-YEAR FRAMEWORK
Slide 19: Gucci Transaction Overview
GUCCI TRANSACTION OVERVIEW TRANSACTION HIGHLIGHTS 1 ➢ Sold Gucci Beauty license back to Kering for $400M in cash plus sale of inventory ➢ Coty will operate Gucci Beauty until at least June 30, 2027, ending 1-year ahead of the original license term CASH PROCEEDS PLANS FOR USE OF PROCEEDS $250M 1 Sale
Slide 20: Gucci's Financial Contribution Overview
GUCCI’S FINANCIAL CONTRIBUTION OVERVIEW SALES CONTRIBUTION MARGIN PROFILE COST ABSORPTION LOW DOUBLE BROADLY SIZEABLE DIGIT % IN LINE corporate and divisional costs of total Coty sales with Coty’s Prestige division absorbed by the brand due to large size & shared functions 20
Slide 21: A Proven Track Record of Cost Optimization and Savings Delivery
A PROVEN TRACK RECORD OF COST OPTIMIZATION AND SAVINGS DELIVERY Adj EBITDA 16.5% 17.1% 17.5% 17.8% 18.4% 14.6% Margin >$1.0B $330M SAVINGS >$250M $180M DELIVERY $140M $115M OVER $90M 6 YEARS FY21 FY22 FY23 FY24 FY25 FY26 Savings Program Key Savings Program Components STEPPED UP ▪ Global go-to-market
Slide 22: Developing Plan to Moderate FY28 Profit Impact, Fueling Growth in FY29
DEVELOPING PLAN TO MODERATE FY28 PROFIT IMPACT, WHILE FUELING GROWTH IN FY29 & BEYOND I. OVERDRIVE CORE BRANDS II. PORTFOLIO ADDITIONS III. FIXED COSTS SAVINGS FINALIZING SEVERAL SIGNIFICANT HUNDRED $ MILLION FIXED COST SAVINGS $IN PROGRAM PRODUCTIVITY SAVINGS PLAN DESIGNED TO: ➢ RETURN UNDERLYING P
Slide 23: Long Term Duration Portfolio (Ex Gucci)
LONG TERM DURATION PORTFOLIO (EX GUCCI), WITH NO MAJOR LICENSE UP FOR RENEWAL IN NEXT 6 YEARS 97% License (≤3 years) [reflects Nautica, Beckham, which will exit the portfolio] 3% License (6-8 Owned years) OF THE PORTFOLIO OWNED OR UNDER LONG-TERM LICENSE (6 YEARS AND ABOVE OR EFFECTIVELY PERPETUAL)
Slide 24: Coty.Curated
COTY.CURATED
Slide 25: Coty.Curated
COTY.CURATED SHARPER PRIORITIES FOCUSED INVESTMENTS THE MORE SUPPORTING THE CORE 25
Slide 26: Implementing Coty.Curated Framework
IMPLEMENTING COTY.CURATED FRAMEWORK ➢ COMMERCIAL ORGANIZATION: Simplifying and de-layering the commercial organization to improve agility and accountability ➢ SELL-OUT & MARKET SHARE FOCUS: Reinforcing organization-wide focus on sell-out and market share with updated FY27 incentive structure ➢ INNOV
Slide 27: FY27 Top Innovation Priorities
FY27 TOP INNOVATION PRIORITIES 1H27 2H27 PRESTIGE CONSUMER BEAUTY 27
Slide 28: Prestige Pillars: Burberry
PRESTIGE PILLARS: BURBERRY ➢ Burberry Fragrances now ranked #15 globally, up from #29 in 2019 ➢ Building momentum in Burberry Makeup, with strong DD % growth in Q4 and FY26 ➢ Advocacy momentum accelerating: Burberry’s Prestige Fragrance category “Share of Influence” increased +80 bps, with meaningfu
Slide 29: Prestige Pillars: Hugo Boss
PRESTIGE PILLARS: HUGO BOSS ➢ Hugo Boss fragrances gaining share in U.S. & Canada in Q4 ➢ Boss Bottled franchise maintaining Top 5 position across Europe and gaining share in FY26 ➢ Headwinds from smaller tail lines ➢ Advocacy momentum accelerating: HUGO BOSS’s Prestige Fragrance category “Share of
Slide 30: Prestige Pillars: Calvin Klein
PRESTIGE PILLARS: CALVIN KLEIN ➢ CK Euphoria Elixir launch and activation driving Calvin Klein share gains in Germany, France, Italy, and Mexico in Q4 ➢ Calvin Klein sell-out +MSD% in Q4 ➢ Advocacy momentum accelerating: Calvin Klein gained +60 bps of “Share of Influence” within the Prestige Fragran
Slide 31: Prestige Pillars: Marc Jacobs Fragrance
PRESTIGE PILLARS: MARC JACOBS FRAGRANCE ➢ Marc Jacobs fragrance sales +DD% in last 6 months, supported by Daisy Murakami collection & Perfect Absolute ➢ Marc Jacobs’ Amazon launch (July 2025) fueling share gains online in FY26 ➢ Advocacy momentum accelerating: Marc Jacobs Beauty EMV 2x higher YoY, f
Slide 32: Prestige Pillars: Marc Jacobs Beauty
PRESTIGE PILLARS: MARC JACOBS BEAUTY ➢ Marc Jacobs Beauty (makeup) launched in June, with exceptional response from consumers and influencers ➢ Currently online only, with Sephora sell-out ahead of targets ➢ NEXT STEPS: Rollout in hundreds of Sephora U.S. stores + Travel Retail beginning in Septembe
Slide 33: Prestige Pillars: Kylie Cosmetics
PRESTIGE PILLARS: KYLIE COSMETICS ➢ Kylie Cosmetics delivering standout growth in last 6 months: ▪ Fragrance sales +DD% ▪ Makeup sales +DD% ▪ +DD% growth in both B&M and e- commerce ➢ Kylie fragrances gaining unit share in U.S., U.K., and Canada in Q4 and FY26 ➢ NEXT STEPS: Expand fragrance and make
Slide 34: Prestige Pillars: Chloe
PRESTIGE PILLARS: CHLOE ➢ Chloe Atelier des Fleurs ultra premium fragrance sales continuing to grow in FY26 ➢ Strong reception to recent Les Essences Méditerranéennes collection 34
Slide 35: Prestige Pillars: Davidoff
PRESTIGE PILLARS: DAVIDOFF ➢ Double-digit FY26 sell-out growth across Italy & Spain ➢ Davidoff Cool Elixir launch resonating with Millennial consumers, lowering average age of core consumer by ~10 years ➢ Remains significant men’s prestige fragrance brand in Germany, with a Top 15 position Sell-out
Slide 36: Prestige Pillars: Fragrance Mists
PRESTIGE PILLARS: FRAGRANCE MISTS ➢ Fragrance mists launched under Marc Jacobs ➢ Mists continue to grow, are incremental to the portfolio, and draw new Gen Z consumers to the brands ➢ Gross margins on mists comparable to Prestige division 36
Slide 37: Consumer Beauty: Color the Future
CONSUMER BEAUTY: COLOR THE FUTURE OPERATING MODEL UPDATES COMPLEXITY REDUCTION ▪ Continuing to implement new operating ▪ 16% fewer SKUs in FY27 innovation bundles model for brand management and new ▪ Leveraging shelf resets & launches to remove product development in service of core ~20% of total SK
Slide 38: Consumer Beauty Green Shoots: Sally Hansen Closing Gap to Category in U.S.
CONSUMER BEAUTY GREEN SHOOTS: SALLY HANSEN CLOSING GAP TO CATEGORY IN U.S. Retail Sales - Value Retail Sales - Units 6% 6% 5% 5% 5% 4% 4% 0% 0% -1% Nail Category -2% -3% Sally Hansen L52W L13W L4W L52W L13W L4W NIQ FVM (xAOC + AMZ 1P). Period ending June 27, 2026. Mass brands only. 38
Slide 39: Consumer Beauty Green Shoots: CoverGirl Closing Gap to Category in U.S.
CONSUMER BEAUTY GREEN SHOOTS: COVERGIRL CLOSING GAP TO CATEGORY IN U.S. Retail Sales - Value Retail Sales - Units 5% 5% 5% 1% 1% 0.4% 0.2% -0.4% -3% -4% -6% -8% Category CoverGirl L52W L13W L4W L52W L13W L4W NIQ FVM (xAOC + AMZ 1P). Period ending June 27, 2026. Mass brands only. 39
Slide 40: Consumer Beauty Green Shoots: Rimmel Closing Gap to Category in U.K.
CONSUMER BEAUTY GREEN SHOOTS: RIMMEL CLOSING GAP TO CATEGORY IN U.K. Retail Sales - Value Retail Sales - Units 2% 2% 1% -0.5% -1% -1% -3% -2% -2% -3% -3% -4% Category Rimmel L52W L12W L4W L52W L12W L4W Nielsen UK Total Cosmetics through 7/11/2026 40
Slide 41: Mass Fragrances: Sharpening Focus on Core Brands
MASS FRAGRANCES: SHARPENING FOCUS ON CORE BRANDS ➢ Mass fragrance sales declined LSD% LFL in Q4, however, trends improved sequentially ➢ adidas fragrances delivered HSD% LFL growth in Q4 ➢ NEXT STEPS: Introducing Future of Scenting, a framework built on the principles of Coty.Curated 41
Slide 42: Coty Refining and Redeploying GEO Playbook Across Portfolio
COTY REFINING AND REDEPLOYING GEO PLAYBOOK ACROSS PORTFOLIO MARC JACOBS HUGO BOSS 8.7% VISIBILITY SCORE 6.3% VISIBILITY SCORE RIMMEL LLM RANKING 13.8% VISIBILITY SCORE #7 SEVERAL MONTHS AGO #4CURRENTLY Source: Brandlight. Visibility score reflects the share of tracked queries featuring the brand acr
Slide 43: Conclusion
CONCLUSION
Slide 44: Clear Strategy to Translate Coty's Strong Platform into Shareholder Value
CLEAR STRATEGY TO TRANSLATE COTY’S STRONG PLATFORM INTO SHAREHOLDER VALUE Top 3 $5.8Bn $847Mn $348Mn Leading globally in Prestige & total fragrances* ; platform net revenues adjusted EBITDA free cash flow mass color FY26 FY26 FY26 in fragrances and cosmetics cosmetics CLEAR STRATEGY AND PRIORITIES F
Slide 45: Appendix
APPENDIX
Slide 46: Adjusted EPS Delivery
Q4 FY26 ADJUSTED EBITDA 94 847 DEPRECIATION (54) (220) NET INTEREST (34) (155) INCOME TAX 21 96 ADJUSTED OTHER 5 (178) EPS DELIVERY ADJ PREFERRED DIVIDEND (3) (13) DILUTED SHARE COUNT 880M 879M DILUTED ADJUSTED EPS * (0.02) 0.21 DILUTED ADJ EPS EXCL. EQUITY SWAP 0.00 0.34 * Diluted adjusted EPS calc
Slide 47: Disclaimer
DISCLAIMER Forward-Looking Statements Certain statements in this presentation are forward-looking statements. These forward-looking statements reflect Coty's current views with respect to, among other things, strategic planning, targets and outlook for future reporting periods (including the extent