NET 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 December 31,				Six Months Ended December 31,
	2017		2016		2017		2016
	(in millions, except per share data)
Net income attributable to Coty Inc.	$	109.2	$	46.8	$	89.5	$	46.8
Weighted-average common shares outstanding—Basic	749.6		746.6		749.1		539.8
Effect of dilutive stock options and Series A Preferred Stock^(a)	1.2		2.7		1.4		3.2
Effect of restricted stock and RSUs ^(b)	1.9		3.1		2.0		2.8
Weighted-average common shares outstanding—Diluted	752.7		752.4		752.5		545.8
Net income attributable to Coty Inc. per common share:
Basic	$	0.15	$	0.06	$	0.12	$	0.09
Diluted	0.15		0.06		0.12		0.09

^(a)

For the three and six months ended December 31, 2017, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase 15.3 million and 13.6 million shares of common stock, respectively, were excluded in the computation of diluted EPS as their inclusion would be anti-dilutive. For the three and six months ended December 31, 2016, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase 10.8 million and 6.4 million shares of common stock, respectively, were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.

^(b)

For the three and six months ended December 31, 2017, 2.6 million and 4.1 million of outstanding RSUs, respectively, were excluded in the computation of diluted EPS as their inclusion would be anti-dilutive. For the three and six months ended December 31, 2016, 1.1 million and 0.6 million of outstanding RSUs, respectively, were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.