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To apply a template to an existing PowerPoint presentation, first open the presentation you wish to use as a template. Go to the File tab, select "Save As," and in the dialog box, choose "PowerPoint Template" from the "Save as type" list, then click "Save." Next, open your existing presentation. In the Design tab, expand the themes gallery and click on "Browse for themes" at the bottom. Navigate to the saved template location, select it, and click the "Apply" button. This will update all your slides to reflect the new design and formatting of the template.