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To apply a template to an existing PowerPoint presentation, start by opening the presentation that has the desired design. Click on the File tab and select "Save As." In the dialog box, choose "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 "Browse for Themes" at the bottom, navigate to the saved template's location, select it, and click "Apply." This will update all your slides to reflect the new template's design and formatting.