2019 Third Quarter Revenue

October 24, 2019

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 Reference Document (Document de Référence) filed with the French Financial Markets Authority (Autorité des Marchés Financiers - AMF) on March 27, 2019 which is available on Kering's website at www.kering.commay 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 3rd quarter 2019 revenue. This document has not been independently verified. Kering makes no representation or undertaking as to the accuracy or completeness of such information. None of the Kering or any of its affiliates representatives shall bear any liability (in negligence or otherwise) for any loss arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

IN NO W AY DOES KERING ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED IN THIS PRESENTATION. INFORMATION IN THIS PRESENTATION, INCLUDING FORECAST FINANCIAL INFORMATION, SHOULD NOT BE CONSIDERED AS ADVICE OR A RECOMMENDATION TO INVESTORS OR POTENTIAL INVESTORS IN RELATION TO HOLDING, PURCHASING OR SELLING SECURITIES OR OTHER FINANCIAL PRODUCTS OR INSTRUMENTS AND DOES NOT TAKE INTO ACCOUNT YOUR PARTICULAR INVESTMENT OBJECTIVES, FINANCIAL SITUATION OR NEEDS. BEFORE ACTING ON ANY INFORMATION YOU SHOULD CONSIDER THE APPROPRIATENESS OF THE INFORMATION HAVING REGARD TO THESE MATTERS, ANY RELEVANT OFFER DOCUMENT AND IN PARTICULAR, YOU SHOULD SEEK INDEPENDENT FINANCIAL ADVICE. ALL SECURITIES AND FINANCIAL PRODUCT OR INSTRUMENT TRANSACTIONS INVOLVE RISKS, W HICH INCLUDE (AMONG OTHERS) THE RISK OF ADVERSE OR UNANTICIPATED MARKET, FINANCIAL OR POLITICAL DEVELOPMENTS AND, IN INTERNATIONAL TRANSACTIONS, CURRENCY RISK. READERS ARE ADVISED TO REVIEW THE COMPANY'S REFERENCE DOCUMENT AND THE COMPANY'S APPLICABLE AMF FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISION.

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Q3 2019 REVENUE: CONSOLIDATING GROWTH ACROSS OUR HOUSES

GROUP REVENUE

LUXURY HOUSES

CORPORATE & OTHER

€3,885m

€3,778m

€107m

+14.2% reported

+13.9% reported

+27.4% reported

+11.6% comparable*

+11.3% comparable*

+24.8% comparable*

ALL SEGMENTS CONTRIBUTING

BALANCED PERFORMANCES

STEADY TRAJECTORY

( R E P O R TE D I N € M )

( % C O M P G R O W TH I N Q 3 )

( % Q U AR TE R L Y C O M P G R O W TH)

+96

+23

3,885

+60

+25

+279

+18%

3,402

+13%

+12%

+16%

+37%

+28%

+32%

+11%

+11%

+7%

+37%

+30%

+36%

Q3 2018

Gucci

Saint

Bottega

Other

Corporate Q3 2019

Bottega Veneta

Gucci

Saint Laurent

Other Houses

Q1

Q2

Q3

Laurent

Veneta

Houses

& other

2017

2018

2019

* At constant scope and exchange rates

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LUXURY HOUSES

Q3 2019 REVENUE: €3,778m

+13.9% REPORTED, +11.3% COMPARABLE

REVENUE CHANGE BY REGION AND CHANNEL

REVENUE BREAKDOWN BY REGION

(in €m, and comparable growth in %)

(on total Q3 revenue, in %)

RoW

5%

+12%

+9%

+17%

3,778

3,318

+2%

Western Europe

35%

Asia Pacific

33%

Q3 2018

FX impact

Retail

Wholesale

Royalties

Q3 2019

Japan

North America

9%

18%

and others

SOUND GROWTH

  • FX a 2ppt tailwind
  • Retail up 12%
    • APAC strong growth driver despite HK disruption
    • W . Europe and Japan up double digit; contrasted market conditions in North America
    • Fast growth of e-commerce (+20%)
  • Solid wholesale at +9% and good trends in royalties from both Eyewear and Beauty

STRENGTH OF MULTIBRAND MODEL

  • Acclaimed SS'20 Fashion Shows; opening new chapters in creativity and brand narrative
  • Ongoing development of growth platforms (online, CRM, AI, logistics…)
  • Number of DOS at end of September: 1,345
    • 39 net openings during the quarter

24 . 10 .2019

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Kering SA published this content on 24 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2019 20:00:03 UTC