THIRD QUARTER REVENUE - kering.com

1 T H IR DQU AR T E R R E V E N U EOCTOBER19, 2021 DIS CL AI ME sexecutivemanagementwhicharesubjecttonum erousfactors, , (Documentd EnregistrementUniversel)filedwiththeFren chFinancialMarketsAuthority(Autorit desMarch sFinanciers-AMF)onMarch25,2021whichisava ilableonKering :anyunfavourabledevelopmentaffectingcons umerspendingintheactivitiesoftheGroupinF ranceandabroad,notablyforproductsandserv icessoldbyourLuxurybrands,theevents,cris es,fears,andresultingcostsofcomplyingwit henvironmental,healthandsafetyregulation sandallotherregulationswithwhichGroupcom paniesarerequiredtocomply;thecompetitive situationoneachofourmarkets;exchangerate andotherrisksrelatedtointernationalactiv ities; ,ortheirimpactontheresultsandperspective softheGroup, sexecutivemanagementtopresentKering (innegligenceorotherwise) ,INCLUDINGFORECASTFINANCIALINFORMATION,S HOULDNOTBECONSIDEREDASADVICEORARECOMMEND ATIONTOINVESTORSORPOTENTIALINVESTORSINRE LATIONTOHOLDING,PURCHASINGORSELLINGSECUR ITIESOROTHERFINANCIALPRODUCTSORINSTRUMEN TSANDDOESNOTTAKEINTOACCOUNTYOURPARTICULA RINVESTMENTOBJECTIVES, ,ANYRELEVANTOFFERDOCUMENTANDINPARTICULAR , ,W HICHINCLUDE(AMONGOTHERS)THERISKOFADVERSE ORUNANTICIPATEDMARKET,FINANCIALORPOLITIC ALDEVELOPMENTSAND,ININTERNATIONALTRANSAC TIONS, SUNIVERSALREGISTRATIONDOCUMENTANDTHECOMP ANY' R O U PL U X U RYH O U S E S1 9.

2 1 0 .2 0214 GROUP RE V E NUEYTDQ3 11,750m+36% comparable YoY+8%comparable 2Y stack 4,042m+12% comparable YoY+9%comparable 2Y stack9M 199M 209M 21+9%(comp, 2Y stack)+26%+95%+12%Q121Q221Q321Y o YC O M P AR AB L E+6%+11%+8%+10%Q121Q221H121Q3212 Y S T AC K C O M P AR AB L E 4,188m+ reportedYoY 12,235m+ reported+ compYoYcomparable : at constant scope and exchange rates-19%-42%0%-3%+32%+98%+12%Q1 20Q2 20Q3 20Q4 20Q1 21Q2 21Q3 211 9 . 1 0 .2 0215 LUX URY HOUS E SQ3 REVENUE BY CHANNELRETAIL(COMPARABLE)WHOLESALEAND OTHER(COMPARABLE)23%77%+10%WHOLESALE+37% ROYALTIES & OTHER 2Y STACK+6%Retail includes DOS and e-commerce2Y STACK+16%2Y STACK+11%1 9 . 1 0 .2 0216 LUX URY HOUS E SQ3 RETAIL BY REGIONWESTERN EUROPE+46%+263%+31%+83%+53%+1%NORTH AMERICAJAPANASIA PACIFICROWR etail includes DOS and e-commerce+24%+322%+24%+37%+86%+83%-20%- 30%-21%+30%+36%+19%+13%+36%+44%-34%+71%+ 15%-3%+93%+3%2 Y S T AC KQ1 21Q2 21C O M PAR AB L E G R O W T HQ3 21Q1 21Q2 21Q3 21Q1 21Q2 21Q3 21Q1 21Q2 21Q3 21Q1 21Q2 21Q3 21-43%-41%-32%7 LUX URY HOUS E SQ3E-COMMERCETRENDSQ 3 2 1 C O M P A R A B L E G R O W T HQ 3 2 1 E-C O M M E R C E R E V E N U E A S % O F R E T A I L S A L E SR E V E N UE G R O W T EuropeNorth AmericaAsia PacificJapanP E N E T R AT I O N B Y R E G I O NK E Y H I G H L I G H T S Sustainedgrowthon high comps: e-commerce REVENUE vs.

3 Q3 19 High penetrationin , furtherpotentialin APAC Successfulinternalizationof completed, yieldingmultiple benefits R o l l o u to f n e w o m n i c h a n n e lc a p a b i l i t i e sa n d s e r v i c e s R e d u c e dl e a d t i m e s H i g h e rc o n v e r s i o n r a t e s Ongoingretailizationof online partnerships and strongdevelopmentof existinge-concessions +24%YoY+148%2Y StackA V E R A G E : 1 3 %GUCCIQ3 2021 REVENUE : 2,182m+ 4 . 5 % R E P O R T ED , + 3 . 8 % C O M PAR AB L E Q U AR T E R M AR K E D B Y T R AN S I T I O N I N C O L L E C T I O N S Retailup 7% YoY, +2% 2Y stack T a i l e n d o f O u v e r t u r ec o l l e c t i o n a n d s u c c e s s f u l i n t r o d u c t i o n o f D i a n a l i n e , A r i ah i t t i n g t h e s h e l v e s g r a d u a l l y s i n c e l a t e S e p t e m b e r S t r o n g p e r f o r m a n c e w i t h l o c a l s i n W.

4 E u r o p e, N . A m e r i c ac o n f i r m e d ; C O V I D-r e l a t e d d i s r u p t i o n s w e i g h i n g o n A P A C t r a f f i c Continued investment to intensify tailored, localized experiences, while expanding in new territories (Gucci ) Steadyimplementationof distribution strategy: wholesale-44% vs. Q3 19 Western Europe19%North America29%Japan5%Asia Pacific41%RoW6%R E V E N UE C H AN G E B Y R E G I O N AN D C H AN N E L(in m, and comparable growthin %)R E V E N UEB R E AK D O W N B Y R E G I O N(on total Q3 REVENUE , in %)8Q3 20 RetailQ3 21 WholesaleRoyalties and others2,0882,182+7%-19%+28% AIN T LAURE NTQ3 2021 REVENUE : 653m+ 2 7 . 8% R E P O R T ED , + 2 8 . 1% C O M PAR AB L E R E V E N UE C H AN G E B Y R E G I O N AN D C H AN N E L(in m, and comparable growthin %)R E V E N UEB R E AK D O W N B Y R E G I O N(on total Q3 REVENUE , in %)

5 S T R O N GB R AN D M O M E N T U M D R I V E S AC C E L E R AT I O N Retailup 31%, +37% 2Y stack I c o n i cp r o d u c t se n j o yi n gs u s t a i n e da p p e t i t ef r o ml o c a l sa c r o s sa l l m a r k e t s, n e w l i n e sv e r yw e l lr e c e i v e d C o n s i s t e n t 2 Y d o u b l e-d i g i t g r o w t hi n a l l c a t e g o r i e son g r o w i n gr e c o g n i t i o n o f S a i n t L a u r e n t s i l h o u e t t e I n c r e a s i n gb r a n d a w a r e n e s sa n d n e t w o r k e x p a n s i o n f u e l s m a r k e tp e n e t r a t i o n, n o t a b l yi n A P A C Wholesaleup 22% on successof Women sFall20219+28%Q3 21 Royalties and othersRetailWholesaleQ3 20511+31%+22% Europe32%North America35%Japan4%Asia Pacific22%RoW7%Asia Pacific35%BOTTE G A V E NE TAQ3 2021 REVENUE : 363m+9 . 3 % R E P O R T ED , + 8.

6 9 % C O M PAR AB L E Q3 21+17%Royalties and othersQ3 20 Retail332 Wholesale+6%+18%363R E V E N UE C H AN G E B Y R E G I O N AN D C H AN N E L(in m, and comparable growthin %)R E V E N UEB R E AK D O W N B Y R E G I O N(on total Q3 REVENUE , in %)S O L I D F O U N D AT I O N S S U P P O RT I N G H E ALT H Y G R O W T H Global brand strategy, focusing on exclusivity, controlled distribution, and full-price sales, paying off Retail up 6%, +18% on a 2Y stack W e l l b a l a n c e d b e t w e e n n e w a n d e x i s t i n g c l i e n t s , c o n t i n u e d a p p e a l t o yo u n g e r g e n e r a t i o n s S t r o n g 2 Y p e r f o r m a n c e s a c r o s s r e g i o n s a n d p r o d u c t c a t e g o r i e s Growth in wholesale, notably in support of RTW & Shoes, now Europe28%North America19%Japan10%RoW8%Q3 21 WholesaleQ3 20 RetailRoyalties and others669+24%+27%+84%844 OTHE R HOUS E SQ3 2021 REVENUE : 844m+ REPORTED, + COMPARABLEC O U T U R E & L E AT H E RG O O D S Strong 1Y and 2Y double-digit growth Balenciaga and Alexander McQueen.

7 P r o m i s i n ge x p a n s i o n i n t on e w p r o d u c tt e r r i t o r i e s I n v e s t m e n t s i n r e t a i ln e t w o r k , g e o g r a p h i c a lr e a c ha n d b r a n d a w a r e n e s s Brioniback to Q3 19 levels11J E W E L RY & WAT C H E S Sharp sequentialaccelerationacrossthe board Boucheron scollections resonatingin all markets; Pomellato confirmingitsreboundand potential; Qeelinpursuingitsstrongmomentum WatchesconfirmtheirreboundR E V E N UE C H AN G E B Y R E G I O N AN D C H AN N E L(in m, and comparable growthin %)R E V E N UEB R E AK D O W N B Y R E G I O N(on total Q3 REVENUE , in %) Europe36%North America23%Japan6%Asia Pacific28%RoW7%CORP OR ATE & OTHE RQ3 2021 REVENUE : 146m+ REPORTED AND COMPARABLE12 All regions, channels and brands drivinggrowth LINDBERG acquisition completed, consolidation EYEWEAR 138m+25%YoYExternal sales: 165mCONCLUS I ON S T E AD Y Q 3 P E R F O R M AN C E AT G R O U P L E V E L 2 Y S TAC KAT + 1 0 % VS.

8 + 8 % I N H 1 C O N S I S T EN T LY I M P L E M E NT I N G O U R S T R AT E G Y U P S C AL I N G G L O B AL B R AN D P O S I T I O N IN G & D I S T R I B U T IO N R E I N F O R C IN G L O C AL M AR K E T AP P R O AC H AC H I E V I N G N E W E S G M I L E S TO N E S F U R T H E R I N V E S T I NG I N O U R P R O F I TAB L E G R O W T H T R AJ E C TO & AAP P E N D IXAP P E ND IX : LUX URY HOUS E S DOS NE TW ORK16N U M B E R O F D I R E C T LY O P E R AT E D S TO R E S318238232698322240231720W e s t e r n E u r o p eN o r t h A m e r i c aJ a p a nE m e r g i n g m a r k e t sAs of June 2021: 1,486As of September 2021: 1,513 Asof end of June2021As of end of September2021 Net openings/closingsin thequarterBreakdown byHousesGucci491488-3 Saint Laurent251261+10 BottegaVeneta2592590 OtherHouses485505+20 Total LuxuryHouses1,4861,513+ AND 9M 2021 RE V E NUE BRE AKD O W N BY RE GION*.

9 At constant scope and exchange rates17 Western Europe26% (-1pt)North America28% (+5pt)Japan6% (-1pt)Asia Pacific34% (-4pt)RoW6% (+1pt) REVENUE BREAKDOWN BY REGION (O N TO TAL Q 3 R E V E N UE AN D C H AN G E Y O Y )In m9M 21 RevenueChange (%)ReportedComparable (*)Gucci6, + + Laurent1, + + Veneta1, + + Houses2, + + Houses11, + + & + + total12, + + mQ3 21 RevenueChange (%)ReportedComparable (*)Gucci2, + + + + + + + + Houses4, + + & + + total4, + + Saint Laurent Bottega Veneta Balenciaga Alexander McQueen Brioni Boucheron Pomellato Dodo Qeelin Ulysse Nardin Girard-PerregauxKering Eyewear