Slide 1: Third Quarter FY 2026 Results
THIRD QUARTER FY 2026 RESULTS MAY 5, 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 3
Slide 4: Q3 Results: Coty LFL Sales, Excluding Est. 1.4% Impact of the Middle East, In Line with Guidance
Q3 RESULTS: COTY LFL SALES, EXCLUDING EST. 1.4% IMPACT OF THE MIDDLE EAST, IN LINE WITH GUIDANCE 1Q26 2Q26 3Q26 (8)% (3)% (5.5)% Middle East = MSD% of Coty sales (1.4)% Underlying Est. Middle East impact 4
Slide 5: Continued Resilience in the Beauty Market
CONTINUED RESILIENCE IN THE BEAUTY MARKET PRESTIGE BEAUTY MASS BEAUTY MARKET MARKET 5% 5% 4% 4% Q3 9M Q3 9M Prestige beauty market source: Circana (March 2026) Mass beauty market source: Nielsen GTC B&M + 1P + Other Ecom (March 2026) 5
Slide 6: Coty's Prestige Sell-Out Slightly Positive
COTY’S PRESTIGE SELL-OUT SLIGHTLY POSITIVE COTY PRESTIGE COTY PRESTIGE ▪ Slightly positive Coty sell-out in Q3: strong momentum in prestige cosmetics, slight SELL-OUT LFL SALES declines in prestige fragrance sell-out Underlying Estimated Middle East impact ▪ Gap between Sell-Out & LFL sales driven b
Slide 7: Coty's Consumer Beauty Sell-Out Trends Steadily Improving
COTY’S CONSUMER BEAUTY SELL-OUT TRENDS STEADILY IMPROVING ▪ Steadily narrowing Coty’s Color Cosmetics COTY CB COTY CB sell-out gap versus the market SELL-OUT LFL SALES Underlying Estimated Middle East impact ➢ U.S. brands CoverGirl & Sally Hansen outperforming the category on a unit basis and narrow
Slide 8: 3Q26 Financial Results
3Q26 FINANCIAL RESULTS
Slide 9: Q3 Results: Adjusted Gross Margin In Line with Expectations
Q3 RESULTS: ADJUSTED GROSS MARGIN INLINE WITH EXPECTATIONS Decline driven primarily by: - Supply chain costs under absorption, particularly in CB - Increase in excess & obsolescence -200 bps (related to prior under-scale initiatives 65.6% which were below expectations) -250 bps 64.3% - Tariff & frei
Slide 10: Q3 Results: EBITDA and EPS Ahead of Target, Driven by Cost Control and Investment Timing
Q3 RESULTS: EBITDA AND EPS AHEAD OF TARGET, DRIVEN BY COST CONTROL AND INVESTMENT TIMING ~$955M -21% $0.48 -27% ~$753M $0.35 -38% ~$204M $0.08 $0.02 ~$127M 3Q25 3Q26 9M25 9M26 3Q25 3Q26 9M25 9M26 ADJUSTED EBITDA ADJUSTED EPS (EXCLUDING THE EQUITY SWAP) 10
Slide 11: Q3 Results by Division: Prestige Maintaining Solid Margin Structure
Q3 RESULTS BY DIVISION: PRESTIGE MAINTAINING SOLID MARGIN STRUCTURE; CONSUMER BEAUTY PRESSURED BY GROSS MARGIN IMPACT FROM MIX AND UNDER-ABSORPTION PRESTIGE CONSUMER BEAUTY ADJUSTED EBITDA ADJUSTED EBITDA -11% $173 $782 $693 $60 $18 -$24 -19% 3Q25 3Q26 9M25 9M26 $186 OI losses reflect gross margin p
Slide 12: Amplifying Cost Savings Program
AMPLIFYING COST SAVINGS PROGRAM >$330M Productivity savings Fixed cost savings ~$200M >$180M >$140M >$115M >$90M FY21 FY22 FY23 FY24 FY25 FY26E FY27E 12
Slide 13: Deleveraging Remains #1 Capital Allocation Priority in Near Term
DELEVERAGING REMAINS #1 CAPITAL ALLOCATION PRIORITY IN NEAR TERM $276M ~3.4x FYTD FREE CASH LEVERAGE EXITING Q3; FLOW CONTINUE TO TARGET TOWARDS 2X (+$33M / +14% YOY ) & INVESTMENT GRADE RATING CONTINUING TO EVALUATE PORTFOLIO & ASSETS 13
Slide 14: Outlook
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Slide 15: 4Q26 Outlook: FY26 On Track with Expectations
4Q26 OUTLOOK: FY26 ON TRACK WITH EXPECTATIONS REVENUE LFL -MSD% LFL decline; moderate sequential improvement in both divisions REPORTED REVENUES Neutral FX ADJ GROSS MARGIN 100-200 basis point YoY decline $838 to $848 million in FY26, implying $85 to $95 million in Q4; stronger- ADJ. EBITDA than-gui
Slide 16: FY27 Framework
FY27 FRAMEWORK ➢ Targeted and incremental launch activity planned in FY27, designed to strengthen core franchises ➢ Expect COGS headwind from Middle East conflict and elevated oil prices ➢ Restoration of bonus accrual ➢ Ramping up fixed cost reduction program 16
Slide 17: Coty.Curated
COTY.CURATED
Slide 18: Coty.Curated
COTY.CURATED XXXX SHARPER PRIORITIES FOCUSED INVESTMENTS THE MORE SUPPORTING THE CORE 18
Slide 19: Beginning to Implement Coty.Curated Framework
BEGINNING TO IMPLEMENT COTY.CURATED FRAMEWORK ➢ INNOVATION: Prestige big bets for FY27 identified; significant cut in # of smaller launches to refocus on big bets ➢ ADVOCACY: Stepping up consumer engagement spending in FY27, focused on advocacy, funded by robust plan to reduce marketing asset produc
Slide 20: U.S. Underperformance Drove Most of FY25 Pressure; Q3 Back to Growth, But Still Below Market
U.S. UNDERPERFORMANCE DROVE MOST OF FY25 PRESSURE; Q3 BACK TO GROWTH, BUT STILL BELOW MARKET FY25 1H FY26 3Q FY26 U.S. PRESTIGE BEAUTY MARKET +4% +5% +5% COTY U.S. PRESTIGE SELL-OUT FLAT +1% +2% Source: Circana (March 2026) 20
Slide 21: Prestige Pillars: Burberry
PRESTIGE PILLARS: BURBERRY ➢ Coty built enduring Burberry fragrance pillars, with 3 franchises in the Global Top 20 in CY25: ▪ Burberry Her & Burberry Goddess in Female Top 20 ▪ Burberry Hero in Male Top 20 ▪ No Top 20 franchises prior to CY22 ➢ Brand sales grew 2.6x from FY19-FY25, with retail sell
Slide 22: Prestige Pillars: Hugo Boss
PRESTIGE PILLARS: HUGO BOSS ➢ Ongoing momentum in Boss Bottled pillar: ▪ BOSS Bottled Beyond remains Top 2 launch in core markets combined (Germany, UK, Spain) ▪ Share gains in ALL key markets in Europe & North America ▪ Continuing to unlock U.S. opportunity ➢ Headwinds FYTD in 2nd largest pillar, B
Slide 23: Prestige Pillars: Calvin Klein
PRESTIGE PILLARS: CALVIN KLEIN ➢ Early indicators are positive in Europe & Travel Retail Americas, with sell-out for the total brand returning to growth in March ➢ In the U.S., total CK female is growing, with the Ulta rollout incremental to the brand ➢ Launch is attracting Gen Z & Millennial consum
Slide 24: Prestige Pillars: Kylie Cosmetics
PRESTIGE PILLARS: KYLIE COSMETICS ➢ Very strong performance in Kylie Cosmetics makeup, with LFL sales increasing over 50% ➢ Kylie fragrances gaining share across Europe and North America ➢ Kylie Cosmetics named 2025 Cosmetics Brand of the Year by retail partner, Ulta Beauty 24
Slide 25: Prestige Pillars: Marc Jacobs
PRESTIGE PILLARS: MARC JACOBS ➢ Marc Jacobs LFL sales +HSD% in Q3 ➢ +DD% sell-out growth U.S. FYTD ➢ Marc Jacobs Beauty (makeup) set to launch in June 2026, expanding the brand into multi-category distribution ➢ Amazon launch (July 2025) continues to drive incremental growth and market share gains,
Slide 26: Prestige Pillars: Chloe
PRESTIGE PILLARS: CHLOE ➢ Chloe remains a Top 20 Female fragrance brand Europe, supported by Chloe Signature icon ➢ Chloe Atelier des Fleurs strengthening position in APAC Ultra Premium fragrances ➢ Recent Les Essences Méditerranéennes strongly resonating in China ➢ #6 in China Sephora in March ➢ #2
Slide 27: Prestige: Fragrance Mists
PRESTIGE: FRAGRANCE MISTS ➢ Mists continue to grow, are incremental to the portfolio, and draw new Gen Z consumers to the brands ➢ Calvin Klein mists ranked #4 in Europe March FYTD ➢ Gross margins on mists comparable to Prestige division 27
Slide 28: Advancing "Color the Future" to Strengthen CB Cosmetics Performance
ADVANCING “COLOR THE FUTURE” TO STRENGTHEN CB COSMETICS PERFORMANCE ➢ Improved CB Cosmetics retail sales trends fueled by: ▪ Consistent media support behind iconic franchises ▪ More impactful innovation ▪ Refocus on core cohorts Millenial & Gen X (70% of mass cosmetics category) ➢ On track for 15% f
Slide 29: CB Cosmetics Green Shoots: CoverGirl Closing Gap to Category in U.S.
CB COSMETICS GREEN SHOOTS: COVERGIRL CLOSING GAP TO CATEGORY IN U.S. Retail Sales - Value Retail Sales - Units 5% 6% 4% 1% -1% -1% -1% -1% -1% -2% -8% Category CoverGirl -10% L12M L3M LM L12M L3M LM Source: NIQ FVM (xAOC + AMZ 1P). Periods ending April 11, 2026 29
Slide 30: CB Cosmetics Green Shoots: Sally Hansen Closing Gap to Category in U.S.
CB COSMETICS GREEN SHOOTS: SALLY HANSEN CLOSING GAP TO CATEGORY IN U.S. Retail Sales - Value Retail Sales - Units 10% 8% 9% 8% 4% 4% 2% 2% 2% 0% Category -6% -5% Sally Hansen L12M L3M LM L12M L3M LM Source: NIQ FVM (xAOC + AMZ 1P). Periods ending April 11th, 2026 30
Slide 31: CoverGirl Spring Innovations Ahead of Expectations
COVERGIRL SPRING INNOVATIONS AHEAD OF EXPECTATIONS 1.3x 1.5x 3.0x above expectations above expectations above expectations 4.4 4.5 4.5 Eye Enhancer Wrap Clean Fresh TruBlend Tubing Mascara Squishy Glaze Luminous Baked Blush 31
Slide 32: Mass Fragrances: Refocusing on Core Brands
MASS FRAGRANCES: REFOCUSING ON CORE BRANDS ➢ Coty’s mass fragrances sales declining FYTD, reflecting excessive number of low-volume projects in recent years ➢ However, top global brand – adidas fragrances – continues to grow in Q3 and FYTD, fueled by adidas Vibes ➢ Strong initial momentum behind int
Slide 33: Coty.Curated in Action
COTY.CURATED IN ACTION REFOCUSING ON CORE BRANDS & MARKETS GRADUAL IMPROVEMENT IN SALES TRENDS INTO Q4 & BEYOND UNLOCKING P&L SAVINGS TO FUEL REINVESTMENT & PROFIT
Slide 34: Appendix
APPENDIX
Slide 35: Adjusted EPS Delivery
Q3 FYTD ADJUSTED EBITDA 127 753 DEPRECIATION (55) (166) NET INTEREST (34) (122) INCOME TAX 4 75 ADJUSTED OTHER (59) (182) EPS DELIVERY ADJ PREFERRED DIVIDEND (3) (10) DILUTED SHARE COUNT 880M 879M DILUTED ADJUSTED EPS * (0.03) 0.23 DILUTED ADJ EPS EXCL. EQUITY SWAP 0.02 0.35 * Diluted adjusted EPS c
Slide 36: 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,