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To apply a template to an existing PowerPoint presentation, first, open the presentation that contains 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 select "Save." Next, open your existing presentation. Go to the "Design" tab, expand the themes gallery, and click "Browse for Themes" at the bottom. Locate the saved template, select it, and click "Apply." This will update all your slides to reflect the new look and formatting of the chosen template.