Coty Inc. · NYSE:COTY
Coty — Q4 2020 Earnings Presentation
7 slides from Coty's earnings presentation, Aug 7, 2020
Slide 1: COTY 4Q FY20 Earnings
COTY 4Q FY20 EARNINGS 1
Slide 2: New Coty RemainCo Financial Reporting
NEW COTY REMAINCO FINANCIAL REPORTING • After signing the Wella divestiture agreement on June 1, US GAAP requires Coty to immediately transition to Continuing vs. Discontinued Operations financial reporting until transaction is completed (expected by end of CY20) • Rules on classification of costs w
Slide 3: Bridging 'Total Coty' to 'Ongoing Coty'
BRIDGING ‘TOTAL COTY’ TO ‘ONGOING COTY’ 2.4% (3.4)% (2.3)% 11.0% 7.8% 8.6% 1.9% (4.3)% (3.2)% EBITDA $1,329 $823 $875 $534 $174 $226 3
Slide 4: Q4 Pressured by COVID; Expect Return to Profit in Q1
Q4 PRESSURED BY COVID; EXPECT RETURN TO PROFIT IN Q1 NET REVENUES (ONGOING COTY) PROFIT • Revenue trends steadily improving since April trough, • Total Coty 4Q20 Adj OI included ~$50M of non- with improvements in both Mass and Prestige recurring costs Q3 LFL • 4Q20 operating loss reflects ~44% drop-
Slide 5: Free Cash Flow Delivery Inline with Guidance
FREE CASH FLOW DELIVERY INLINE WITH GUIDANCE TOTAL COTY 4Q20 FY20 • Q4 free cash flow of -$316M consistent with Adj Operating Income (319) 161 guidance of -$300M to -$500M Depreciation 72 371 Pension Expense 2 • Despite significant operating deleverage, strong Adj EBITDA (247) 534 working capital ma
Slide 6: Disclaimer
DISCLAIMER Forward-Looking Statements Certain statements in this presentation are forward-looking statements. These forward-looking statements reflect the Company's current views with respect to, among other things, the impact of COVID-19 and potential recovery scenarios, the Company’s comprehensive
Slide 7: COTY
COTY