Coty(COTY) - 2022 Q1 - Earnings Call Presentation

COTY 1Q22 EARNINGS CALL NOVEMBER 8, 2021 COTY SINCE 1904 KEY MESSAGES REVENUE SURPASSED EXPECTATIONS, FUELED BY GROWTH IN PRESTIGE AND CONSUMER BEAUTY ▪ STRONG PRESTIGE DEMAND IN U.S., CHINA, AND TRAVEL RETAIL, EXCEPTIONAL LAUNCH LINE-UP, AND CONTINUED IMPROVEMENT IN CONSUMER BEAUTY STRONG PROFITS ON SUBSTANTIAL GROSS MARGIN EXPANSION AND COST REDUCTIONS ▪ 1Q22 ADJ GROSS MARGIN +480BPS YOY AND EBITDA OF ~$279M, WITH ADJ EBITDA MARGIN EXPANSION OF 550 BPS, DESPITE 2X INCREASE IN WORKING MEDIA CONTINUED EXECU ...