Coty to Update on Market Beating Progress, Outlook, and White-Space Opportunities at CAGNY 2024 Conference

Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, is pleased to confirm that Chief Executive Officer Sue Nabi and Chief Financial Officer Laurent Mercier will present at the 2024 Consumer Analyst Group of New York Conference (CAGNY) on Tuesday, February 20 at 1:00pm EST or 7:00pm CET.

Coty will provide an update on its strategic and financial progress, its outlook for the future of the beauty market, significant white-space opportunities the Company is targeting, and its plans to create the must-have beauty products of tomorrow. Whether it’s life’s little luxuries in mass beauty, a window into the world of high fashion through prestige fragrances, or the latest advanced skincare formulations, Coty is ideally positioned to capture this robust, viral demand through its rapid progress on advocacy marketing, especially behind its color cosmetics brands.

The Company has consistently and profitably outperformed the beauty market over the last 3 years, strengthening and premiumizing its balanced portfolio, underpinned by disciplined financial management and a successful deleveraging agenda. Coty is building on these strong foundations with a market beating outlook for FY24 of +9-11% LFL revenue growth and +11-12% adjusted EBITDA growth, implying margin expansion of +10-30 bps. Management’s impressive track record and the Company’s transformation underpins Coty confidence to deliver a best-in-class medium-term growth algorithm and drive leverage towards 2x exiting CY25.

Sue Nabi, Coty’s CEO said, “We have consistently and profitably outperformed the market over recent years, and we are ideally placed to continue to do so, by launching disruptive innovations which are fueling viral demand. We are demonstrating at full scale that Coty is the natural destination for top fashion licenses, thanks to our ability to build global Top 10 fragrance houses in less than 5 years. Our recently announced licenses with two exciting luxury brands, Marni and Etro, reinforce Coty’s position as the go-to beauty partner. Our leading capabilities underpin our latest milestones such as reaching the Top 2 fragrance ranking in both the attractive global travel retail channel as well as the booming global e-commerce channel. Through best-in-class science, innovative technology, and marketing that reaches consumers around the world, we predict our brands, products and new innovations will continue to shine.”