When sharing a presentation link you'll have the option to edit both your Brand and Background colors to best fit your company's branding. When changing these color options you'll want to ensure that both of them are not white (# FFFFFF) otherwise the download button (if sharing is turned on) will become invisible even though its still there and functional. To make the download button visible again you'll want to change the Brand Color and ensure that dark theme is off.

Here is how this looks: 

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