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To apply a template to an existing PowerPoint presentation, first, open the presentation with the desired design. Click on the File tab and choose 'Save As', then select 'PowerPoint Template' from the 'Save as type' list and save it. Next, open your existing presentation, go to the Design tab, and expand the themes gallery. Click on 'Browse for Themes' at the bottom, navigate to the saved template, select it, and click the 'Apply' button. All slides in your presentation will then adopt the new look and formatting of the chosen template.