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To apply a template to an existing PowerPoint presentation, first open the presentation you want to use as a template. Click on the File tab and select "Save As." In the dialog box, choose "PowerPoint Template" from the "Save as type" list and click "Save." Next, open your existing presentation. Go to the Design tab, expand the themes gallery, and select "Browse for themes" at the bottom. Navigate to the saved template file, select it, and click the "Apply" button. This will update all your slides to reflect the design and formatting of the new template.