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To apply a template to an existing PowerPoint presentation, first open the presentation with the desired design. Go to 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 and navigate to the Design tab. Expand the themes gallery and click on "Browse for Themes" at the bottom. Locate the saved template, select it, and click the "Apply" button. This will update all your slides to the new design and formatting set by the template.