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