NET (LOSS) INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE

Reconciliation between the numerators and denominators of the basic and diluted income per share (“EPS”) computations is presented below:



	Three Months Ended March 31,						Nine Months Ended March 31,
	2019			2018			2019			2018
	(in millions, except per share data)
Net (loss) income attributable to Coty Inc.	$	(12.1	)	$	(77.0	)	$	(984.8	)	$	12.5
Weighted-average common shares outstanding—Basic	751.4			750.1			751.1			749.4
Effect of dilutive stock options and Series A Preferred Stock^(a)	—			—			—			1.3
Effect of restricted stock and RSUs ^(b)	—			—			—			2.4
Weighted-average common shares outstanding—Diluted	751.4			750.1			751.1			753.1
Net (loss) income attributable to Coty Inc. per common share:
Basic	$	(0.02	)	$	(0.10	)	$	(1.31	)	$	0.02
Diluted	(0.02		)	(0.10		)	(1.31		)	0.02

^(a)

For the three and nine months ended March 31, 2019 and the three months ended March 31, 2018, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase shares of common stock were excluded in the computation of diluted loss per share due to the net loss incurred during the period. For the nine months ended March 31, 2018, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase 14.6 million shares of common stock were excluded in the computation of diluted EPS as their inclusion would be anti-dilutive.


^(b)	For the three and nine months ended March 31, 2019 and the three months ended March 31, 2018, RSUs were excluded in the computation of diluted loss per share due to the net loss incurred during the period. For the nine months ended March 31, 2018, 2.7 million of outstanding RSUs were excluded in the computation of diluted EPS as their inclusion would be anti-dilutive.