NET FINANCIAL DEBT AND FREE CASH FLOW

(In millions of euros)Net financial debtFree cash flowGearing 7 153

* Belmond shares deducted from net financial debt (€274m)

2020 PROFIT FROM RECURRING OPERATIONS 11%

Other markets

24%United States

8%France

34%Rest of Asia

7%Japan

16%Rest of Europe

2020 REVENUE BY REGION

Louis Vuitton

€Million Operating margin

Wines & Spirits 1 388 29.2%Fashion & Leather Goods 7 188 33.9%Perfumes & Cosmetics 80 1.5%Watches & Jewelry 302 9.0%Selective retailing (203) (2.0%)Other and eliminations (450) naTOTAL LVMH 8 305 18.6%

23%Selective retailing and

other activities

47%Fashion & Leather Goods

11%Wines & Spirits

7%Watches &

Jewelry

12%Perfumes &

Cosmetics

2020 REVENUE BY BUSINESS GROUP

• Only group present in all luxury sectors• Good geographical balance of revenue• Quality and creativity of teams• Solid financial structure

KEY STRENGTHS

75Maisons

THE WORLD’S LEADING LUXURY GOODS GROUP

€44.7 bn2020 revenue

5 003stores

€8.3 bn2020 profit fromrecurring operations

80countries

3 244

5 4876 206*

4 2413 9114 696

5 4526 167 6 117

12%

24%16% 16%

11%

2016 2017 2018 2019 2020

STRONG COMMITMENTS IN TERMS OF SOCIAL AND ENVIRONMENTAL RESPONSABILITY

CSR

• Respecting each one’s dignity and individuality

• Supporting the safety and well-being of employees

• Transmitting our World heritage’s savoir-faire

• Committing to a better society

LIFE 360

• Combine circularity and creativity

• Act to regenerate biodiversity

• Contribute to climate effort

• Strengthen traceability policies

2020 revenue by geographic region In %

18%Rest of Europe

19%Rest of Asia

41%United States

6%Japan

5%France

11%Other markets

Million of bottlesSales in volumeChampagne 64.7 52,4Cognac 98.7 94,6

EURO millions 2019 2020Revenue 5 576 4 755Profit from recurring op. 1 729 1 388Operating margin 31.0% 29.2%Operating investments 325 320

2020 revenue by geographic region In %

18%Rest of Europe

39%Rest of Asia

19%United States10%

Japan

5%France

9%Other marketsEURO millions 2019 2020

Revenue 22 237 21 207Profit from recurring op. 7 344 7 188Operating margin 33.0% 33.9%Operating investments 1 199 827Number of stores 2 002 2 007

2020 revenue by geographic region In %

20%Rest of Europe

43%Asie

(hors Japon)8%United States

12%Japan

4%France

13%Other marketsEURO millions 2019 2020

Revenue 4 405 3 356Profit from recurring op. 736 302Operating margin 16.7% 9.0%Operating investments 296 210Number of stores 457 471

EURO millions 2019 2020Revenue 6 835 5 248Profit from recurring op. 683 80Operating margin 10.0% 1.5%Operating investments 378 280Number of stores 426 434

2020 revenue by geographic region In %

9%Rest of Europe

27%Rest of Asia

35%United States

1%Japan

13%France

15%Other marketsEURO millions 2019 2020

Revenue 14 791 10 155Profit from recurring op. 1 395 (203)Operating margin 9.4% (2.0%)Operating investments 659 410Number of stores 2 011 2 072

2020 revenue by geographic region In %

18%Rest of Europe

14%United States5%

Japan

9%France

9%Other markets

45%Rest of Asia

HennessyChristian Dior

Guerlain

BvlgariSephora

FASHION & LEATHER GOODS

PERFUMES & COSMETICS

WATCHES & JEWELRY

SELECTIVE RETAILING

WINES & SPIRITS

*

OTHER ACTIVITIES

* Acquisition completed on January 7, 2021