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

12 Months Ended

Jun. 30, 2024

Schedule of reconciliation of numerators and denominators of basic and diluted EPS computations

Reconciliation between the numerators and denominators of the basic and diluted EPS computations is presented below:


	Year Ended June 30,
	2024		2023		2022
Amounts attributable to Coty Inc.:
Net income (loss) from continuing operations	$	89.4	$	508.2	$	253.8
Convertible Series B Preferred Stock dividends	(13.2)		(13.2)		(198.3)
Net income (loss) from continuing operations attributable to common stockholders	76.2		495.0		55.5
Net income (loss) from discontinued operations, net of tax	—		—		5.7
Net income (loss) attributable to common stockholders	$	76.2	$	495.0	$	61.2
Weighted-average common shares outstanding:
Weighted-average common shares outstanding—Basic	874.4		849.0		820.6
Effect of dilutive stock options and Series A Preferred Stock (a)	0.1		—		—
Effect of restricted stock, PRSUs and RSUs (b)	8.9		13.8		13.5
Effect of Convertible Series B Preferred Stock (c)	—		23.7		—
Effect of Forward Repurchase Contracts (d)	—		—		—
Weighted-average common shares and common share equivalents outstanding—Diluted	883.4		886.5		834.1

Earnings (losses) per common share
Earnings from continuing operations per common share - basic	$	0.09	$	0.58	$	0.07
Earnings (losses) from continuing operations per common share - diluted (e)	$	0.09	$	0.57	$	0.07

Earnings from discontinued operations - basic	$	0.00	$	0.00	$	0.01
Earnings from discontinued operations - diluted	$	0.00	$	0.00	$	0.01

Earnings (losses) per common share - basic	$	0.09	$	0.58	$	0.08
Earnings (losses) per common share - diluted (e)	$	0.09	$	0.57	$	0.08

(a) As of June 30, 2024, 2023, and 2022, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase 2.8 million, 4.8 million, and 8.3 million weighted average anti-dilutive shares of Common Stock, respectively, were excluded from the computation of diluted EPS.

(b) As of June 30, 2024, 2023, and 2022, there were 1.0 million, 3.2 million, and 1.6 million weighted average anti-dilutive RSUs, respectively, were excluded from the computation of diluted EPS.

(c ) As of June 30, 2024 and 2022, there were 23.7 million and 65.4 million dilutive shares of Convertible Series B Preferred Stock, respectively, were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.

(d) For the twelve months ended June 30, 2024, potential shares for the Forward Repurchase Contracts were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. For the twelve months ended June 30, 2023, potential shares for the Forward Repurchase Contracts were excluded from the computation of diluted EPS as Coty is in the position to receive shares from the counterparties and as such their inclusion would be anti-dilutive.

(e) Diluted EPS is adjusted by the effect of dilutive securities, including awards under the Company's equity compensation plans, the convertible Series B Preferred Stock, and the Forward Repurchase Contracts. When calculating any potential dilutive effect of stock options, Series A Preferred Stock, restricted stock, PRSUs and RSUs, the Company uses the treasury method and the if-converted method for the Convertible Series B Preferred Stock and the Forward Repurchase Contracts. The treasury method typically does not adjust the net income attributable to Coty Inc., while the if-converted method requires an adjustment to reverse the impact of the preferred stock dividends of $13.2, $13.2, and $198.3, respectively, and to reverse the impact of fair market value losses/(gains) for contracts with the option to settle in shares or

cash of $73.4, $(101.8), and $0, respectively, if dilutive, for the twelve months ended June 30, 2024, 2023, and 2022 on net income applicable to common stockholders during the period.