THIRD QUARTER REVENUE

THIRD QUARTER REVENUE

OCTOBER 19, 2021

DISCLAIMER

This presentation does not constitute an offer of securities for sale in the United States of America or any other jurisdiction.

Certain information contained in this document may include projections and forecasts. They express objectives based on current assessments and

estimates of the Group’s executive management which are subject to numerous factors, risks and uncertainties. Consequently, reported figures and

assessments may differ significantly from projected figures. The following factors among others set out in the Universal Registration Document

(Document d’Enregistrement Universel) filed with the French Financial Markets Authority (Autorité des Marchés Financiers - AMF) on March 25, 2021

which is available on Kering’s website at www.kering.com may cause actual figures to differ materially from projected figures: any unfavourable

development affecting consumer spending in the activities of the Group in France and abroad, notably for products and services sold by our Luxury

brands, the events, crises, fears, and resulting costs of complying with environmental, health and safety regulations and all other regulations with which

Group companies are required to comply; the competitive situation on each of our markets; exchange rate and other risks related to international

activities; risks arising from current or future litigation. Kering gives no commitment to updating and/or revising and/or commenting any projections and

forecasts, or their impact on the results and perspectives of the Group, which may be contained in this presentation.

The information contained in this document has been selected by the Group’s executive management to present Kering’s Q3 2021 revenue. This

document has not been independently verified. Kering makes no representation or undertaking as to the accuracy or completeness of such information.

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GROUP

LUXURY

HOUSES

19.10.2021 4

GROUP REVENUE

YTD Q3

€11,750m

+36% comparable YoY

+8% comparable 2Y stack

€4,042m

+12% comparable YoY

+9% comparable 2Y stack

9M 19 9M 20 9M 21

+9%(comp, 2Y stack)

+26%

+95%

+12%

Q121

Q221

Q321

YoYCOMPARABLE

+6%

+11%

+8%

+10%

Q121

Q221

H121

Q321

2Y STACK COMPARABLE

€4,188m+12.6% reported

YoY

€12,235m+34.5% reported

+36.6% comp

YoY

comparable : at constant scope and exchange rates

-19%-42%

0%

-3%

+32%

+98%

+12%

Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21

19.10.2021 5

LUXURY HOUSESQ3 REVENUE BY CHANNEL

RETAIL

(COMPARABLE)

WHOLESALE AND OTHER

(COMPARABLE)

23%

77%

+10% WHOLESALE +37% ROYALTIES & OTHER

2Y STACK

+6%

Retail includes DOS and e-commerce

2Y STACK

+16%2Y STACK

+11%

19.10.2021 6

LUXURY HOUSESQ3 RETAIL BY REGION

WESTERN EUROPE

+46%

+263%

+31%

+83%+53%

+1%

NORTH AMERICA JAPAN ASIA PACIFIC ROW

Retail 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%

2Y STACK

Q1 21 Q2 21

COMPARABLE GROWTH

Q3 21 Q1 21 Q2 21 Q3 21 Q1 21 Q2 21 Q3 21 Q1 21 Q2 21 Q3 21 Q1 21 Q2 21 Q3 21

-43% -41% -32%

7

LUXURY HOUSESQ3 E-COMMERCE TRENDS

Q3 21 COMPARABLE GROWTH Q3 21 E-COMMERCE REVENUE AS % OF RETAIL SALES

REVENUE GROWTH

19.10.2021

20% 20%

9%

5%

Western Europe North America Asia Pacific Japan

PENETRATION BY REGION

KEY HIGHLIGHTS

• Sustained growth on high comps: e-commerce revenue x2.5 vs. Q3 19

• High penetration in W.Europe and N.America, further potential in APAC

• Successful internalization of brand.com completed, yielding multiple benefits

– Rol lout of new omnichannel capabi l i t ies and services

– Reduced lead t imes

– Higher conversion rates

• Ongoing retailization of online partnerships and strong development of existing e-concessions

+24%YoY

+148%2Y Stack

AVERAGE: 13%

GUCCI

Q3 2021 REVENUE: €2,182m

+4.5% REPORTED, +3.8% COMPARABLE

QUARTER MARKED BY TRANSITION IN COLLECTIONS

• Retail up 7% YoY, +2% 2Y stack

– Tai l end of Ouver ture col lec t ion and successfu l in t roduct ion of Diana l ine, Ar ia hi t t ing the shelves gradual ly s ince late September

– Strong per formance wi th locals in W .Europe, N.Amer ica conf i rmed; COVID-re lated d isrupt ions weighing on APAC t raf f ic

– Cont inued investment to in tens i fy ta i lored, local ized exper iences, whi le expanding in new ter r i tor ies (Gucc i Vaul t…)

• Steady implementation of distribution strategy: wholesale -44% vs. Q3 19

Western Europe

19%

North America

29%

Japan

5%

Asia Pacific

41%

RoW

6%

REVENUE CHANGE BY REGION AND CHANNEL

(in €m, and comparable growth in %)

REVENUE BREAKDOWN BY REGION

(on total Q3 revenue, in %)

8

Q3 20 Retail Q3 21Wholesale Royalties and others

2,088

2,182

+7%

-19%

+28%

19.10.2021

SAINT LAURENT

Q3 2021 REVENUE: €653m






STRONG BRAND MOMENTUM DRIVES ACCELERATION

• Retail up 31%, +37% 2Y stack

– Iconic products enjoying susta ined appet i te f rom locals across al l markets, new l ines very wel l received

– Cons is tent 2Y double-dig i t growth in a l l categor ies on growing recogni t ion of Saint Laurent s i lhouet te

– Increasing brand awareness and network expansion fuels market penetrat ion, notably in APAC

• Wholesale up 22% on success of Women’s Fall 2021

9

+28%

Q3 21Royalties and othersRetail WholesaleQ3 20

511

+31%+22% 653

19.10.2021

Western Europe

32%

North America

35%Japan

4%

Asia Pacific

22%

RoW

7%

Asia Pacific

35%

BOTTEGA VENETA



Q3 21

+17%

Royalties and othersQ3 20 Retail

332

Wholesale

+6%

+18% 363





SOLID FOUNDATIONS SUPPORTING HEALTHY GROWTH

• Global brand strategy, focusing on exclusivity, controlled distribution, and full-price sales, paying off

• Retail up 6%, +18% on a 2Y stack

– W ell balanced between new and ex is t ing c l ients , cont inued appeal to younger generat ions

– Strong 2Y per formances across regions and product categor ies

• Growth in wholesale, notably in support of RTW & Shoes, now moderating

1019.10.2021

Western Europe

28%

North America

19%

Japan

10%

RoW

8%

Q3 21WholesaleQ3 20 Retail Royalties and others

669

+24%

+27% +84% 844

OTHER HOUSES



COUTURE & LEATHER GOODS

• Strong 1Y and 2Y double-digit growth

• Balenciaga and Alexander McQueen:

– Promis ing expans ion into new product ter r i tor ies

– Investments in reta i l network , geographical reach and brand

awareness

• Brioni back to Q3 19 levels

11

JEWELRY & WATCHES

• Sharp sequential acceleration across the board

• Boucheron’s collections resonating in all markets; Pomellato

confirming its rebound and potential; Qeelin pursuing its strong

momentum

• Watches confirm their rebound





19.10.2021

Western Europe

36%

North America

23%

Japan

6%

Asia Pacific

28%

RoW

7%

CORPORATE & OTHER


+24.1% REPORTED AND COMPARABLE

12

• All regions, channels and brands driving growth

• LINDBERG acquisition completed, consolidation

from Q4

19.10.2021

KERING EYEWEAR

€138m

+25%YoY

External sales: €165m

CONCLUSION

• STEADY Q3 PERFORMANCE AT GROUP LEVEL

• 2Y STACK AT +10% VS. +8% IN H1

• CONSISTENTLY IMPLEMENTING OUR STRATEGY

• UPSCALING GLOBAL BRAND POSITIONING &

DISTRIBUTION

• REINFORCING LOCAL MARKET APPROACH

• ACHIEVING NEW ESG MILESTONES

• FURTHER INVESTING IN OUR PROFITABLE GROWTH

TRAJECTORY

1319.10.2021

Q&A

APPENDIX

APPENDIX: LUXURY HOUSES DOS NETWORK

16

NUMBER OF DIRECTLY OPERATED STORES

318238 232

698

322240 231

720

W es te rn Eu rope Nor th Amer i ca Japan Emerg ing marke ts

As of June 2021: 1,486 As of September 2021: 1,513

As of end of June

2021

As of end of September

2021

Net openings/closings

in the quarter

Breakdown by Houses

Gucci 491 488 -3

Saint Laurent 251 261 +10

Bottega Veneta 259 259 0

Other Houses 485 505 +20

Total Luxury Houses 1,486 1,513 +27

19.10.2021

Q3 AND 9M 2021 REVENUE

BREAKDOWN BY REGION

* : at constant scope and exchange rates

17

Western Europe

26% (-1pt)

North America

28% (+5pt)

Japan

6% (-1pt)

Asia Pacific

34% (-4pt)

RoW

6% (+1pt)

REVENUE BREAKDOWN

BY REGION (ON TOTAL Q3 REVENUE AND

CHANGE YOY)

In €m

9M 21

Revenue

Change (%)

Reported Comparable (*)

Gucci 6,661.1 +29.1% +31.1%

Saint Laurent 1,698.4 +42.5% +45.1%

Bottega Veneta 1,071.0 +28.2% +30.3%

Other Houses 2,319.3 +46.0% +48.1%

Total Houses 11,749.8 +33.9% +36.0%

Corporate & other 485.2 +51.4% +54.5%

Kering total 12,235.0 +34.5% +36.6%

19.10.2021

In €m

Q3 21

Revenue

Change (%)

Reported Comparable (*)

Gucci 2,181.8 +4.5% +3.8%

Saint Laurent 652.9 +27.8% +28.1%

Bottega Veneta 363.4 +9.3% +8.9%

Other Houses 843.7 +26.1% +26.0%

Total Houses 4,041.8 +12.3% +11.8%

Corporate & other 146.0 +24.1% +24.1%

Kering total 4,187.8 +12.6% +12.2%

Gucci • Saint Laurent • Bottega Veneta • Balenciaga • Alexander McQueen • Brioni

Boucheron • Pomellato • Dodo • Qeelin • Ulysse Nardin • Girard -Perregaux

Kering Eyewear

Documents

THIRD QUARTER REVENUE