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To apply a new template to an existing PowerPoint presentation, first open the presentation containing the desired design. Go to the File tab, click "Save As," choose "PowerPoint Template" from the "Save as type" list, and select "Save." Next, open your existing presentation. In the Design tab, expand the themes gallery and select the "Browse for Themes" option at the bottom. Navigate to the location of the saved template, select it, and click the "Apply" button. This will change the design of your slides to match the new template's look and formatting.