PUBLIC

at a glance PUBLIC

CONTENTS

3 THE GROUP AT A GLANCE 8 HOW WE OPERATE 12 CORPORATE SOCIAL RESPONSIBILITY 18 OUR LATEST FIGURES 23 APPENDIX PUBLIC

* THE GROUP AT A GLANCE *End March 2020 **Dec 2020

Founded A leading luxury in 1988 goods group

CHF 42 bn** € 14 bn € 1.5 bn € 2.4 bn

Market capitalisation Sales Operating profit Net cash Top 8 SMI Top 3 JSE

3 PUBLIC THE GROUP AT A GLANCE * *End September 2020

25 Maisons and businesses Over 35 000 Employees (including over 8 000 in Switzerland)

7 Schools 9 Main Foundations 2 186 Boutiques supported (of which 1 179 internal)

Richemont Headquarters by architect Jean Nouvel, Geneva

4 PUBLIC FROM THE PAST INTO THE FUTURE

206 187 173 152 127 114 101 68 25 18

1755 1814 1830 1833 1845 1847 1860 1868 1874 1893 1906 1919 1928 1952 1983 1995 2001 2002 2015 2021

*

265 190 175 160 146 114 92 37 19 5

*Both YOOX and NET-A-PORTER were founded in 2000 5 PUBLIC

1988 – 2020: UNIQUE PORTFOLIO MOSTLY BUILT BY ACQUISITIONS

1988 1990’s 2000’s 2010’s 2020’s 6 10 15 24 25

6 PUBLIC A WORLDWIDE PRESENCE * *End March 2020 Sales by geographical area Japan Middle East and Africa 8% 7%

Americas 20%

Europe Operating in 30% Europe 36 Europe locations

Asia Pacific 35% 2 166 boutiques

Cartier store in Cannes, France 7 PUBLIC

HOW WE OPERATE PUBLIC WHAT WE STAND FOR

Our Corporate culture is determined by the Collegiality Freedom principles we live by

They affect what we do and why we do it

They shape how we behave every day — in all areas Solidarity Loyalty of our business

9 PUBLIC HOW OUR BUSINESS OPERATES

We work as business partners

Headquarters Our Maisons and businesses SEC Strategy, Capital Allocation

are directly in charge of: Strategic Product & Guide the Maisons by verifying that decisions on Products, Communication Committee Communication and Distribution are appropriate and consistent with . Creation Maisons’ identities & strategies . Product Development . Manufacturing Central Functions Provide guidelines, set policies & standards, and provide control and support on: . Marketing . Communication HR, IP, Legal, Marketing Services, Finance, Manufacturing, CSR, Real . Distribution Network Estate, Logistics, Security, Health & Safety and IT . Customer Services in order to preserve their Regional Functions distinctiveness, unique heritage Provide the right business environment for Maisons and Businesses to (Europe & Latin America; grow their brand equity and develop sustainably by running efficient and DNA, and enable their North America; Asia Pacific; local operations and attracting the best local talents individual creativity to flourish Japan; Middle East, India and Africa) HR, Finance, Logistics, IT, Real Estate, Security, Health & Safety and Building & office services

10 PUBLIC FOCUS ON SUSTAINABLE CASH GENERATION

〉 Build goodwill rather than acquire goodwill 〉 Create value over the long term 〉 Never undertake actions that would favour the short term to the detriment of the long term 〉 "Create moats" developing sustainable competitive advantages 〉 Generate steady cash flows and dividend growth (priority of cash over margins) 〉 Cash is our fortress and enables to seize opportunities

Net cash, € m ∆% Cash flow from operations, € m ∆%

FY20 2 395 -5% FY20 2 797 +20%

FY19 2 528 -52% FY19 2 331 -14%

FY18 5 269 -9% FY18 2 723 +44%

FY17 5 791 +8% FY17 1 896 -22%

11 PUBLIC

SUSTAINABILITY PUBLIC OUR TRANSFORMATIONAL CSR STRATEGY

Our ‘Movement for Better Luxury’ is supported by four focus areas: People, Sourcing, Environment and Communities - each of which has an owner at Group level and a series of commitments. These four areas are encompassed by strong governance, active engagement and continuous innovation in materials and processes.

13 PUBLIC OUR SUSTAINABILITY PROGRAMMES

Aim to minimise the environmental impacts of our business operations

Help our people to realise their potential in a supportive and stimulating environment

Invest in local communities where we operate

Work with business partners to foster sustainable practices

Headquarters in Geneva, Switzerland 14 PUBLIC UNITED NATIONS GLOBAL COMPACT

Richemont is a participant in the United Nations Global Compact, the world’s largest corporate sustainability initiative

UNGC participants align strategies and operations with universal principles on human rights, labour, environment and anti-corruption, and take actions that advance societal goals

15 PUBLIC DIVERSITY IS OUR CULTURE * *End March 2020

British 6% Others German 27% 6%

American 7%

Swiss Men 8% Nationalities 50%

Italian 8%

People Managers Chinese 16% French 22% 58 % of total workforce are Women Women 50% 16 PUBLIC RESPONSIBLE SOURCING, MANUFACTURING AND DISTRIBUTION

01 02 03 Sustainable manufacturing and Responsible sourcing Eco-friendly distribution office facilities . . Richemont requests all its suppliers to . Since 2010, all our new manufacturing Use of smaller boxes for e-commerce provide assurance that supplies have been facilities have been designed with very deliveries, working towards the complete sourced in a way which respects human special care for the environment removal of plastic laminates from and labour rights, and the environment shopping retail bags and, whenever . The IWC manufacture in Schaffhausen possible, use of 100% responsibly-sourced . Richemont is an active member of the RJC along with 7 of our other manufacturing wood-based materials certified by the (Responsible Jewellery Council) with Cartier facilities do not use any fossil energy for Forestry Stewardship Council being one of the founding members heating or cooling purposes and produce . no direct CO2 emissions Environmental-friendly lighting with LED . We consider how the environment is technology in our renovated boutiques affected throughout the supply chain, . The Campus Genevois de Haute . favouring, for instance, recycled gold over Horlogerie runs on 100% renewable energy, Panerai’s Shanghai Plaza 66 boutique mined gold producing zero carbon emissions received GOLD LEED certification in July 2017. LEED stands for Leadership in Energy and Environmental Design 17 PUBLIC

OUR LATEST FIGURES PUBLIC FINANCIAL HIGHLIGHTS* *End March 2020

€ 14 billion € 1.5 billion 11% € 2.4 billion Turnover Operating Profit Operating Margin Net Cash Position

Group sales (€ m) Operating Profit (€ m) and Operating Margin

FY20 14 238 +2% FY20 1 518 10.7%

13 989 +27% 1 943 13.9%

11 013 +3% 1 844 16.7%

10 647 -4% 1 764 16.6%

11 076 +6% 2 061 18.6%

10 410 +4% 2 670 25.6%

10 023 FY14 -1% FY14 2 427 24.2%

0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000 0 500 1 000 1 500 2 000 2 500 3 000

19 PUBLIC SALES BY REGION * *End March 2020

EUROPE ASIA PACIFIC AMERICAS JAPAN MIDDLE EAST AND AFRICA € 4.3 billion € 5.0 billion € 2.8 billion € 1.2 billion € 0.9 billion vs prior period +4% -6% +6% -1% -3% constant rates

FY20 sales by region (€ m) vs prior year % FY20 sales actual rates Middle East and Africa 4 992 7% ASIA PACIFIC -5% 5 243 Japan 8% 4 298 EUROPE +4% Asia Pacific 4 118 35% 2 806 AMERICAS +10% 2 551 Americas 20% JAPAN 1 212 +6% 1 148

MIDDLE EAST 930 - AND AFRICA 929

0 1 000 2 000 3 000 4 000 5 000 6 000 Europe FY19 sales 30%

20 PUBLIC SALES BY DISTRIBUTION CHANNEL* *End March 2020

RETAIL ONLINE RETAIL WHOLESALE** € 7.3 billion € 2.6 billion € 4.3 billion vs prior period constant rates -2% +14% -5%

vs prior year FY20 sales by distribution channel (€ m) % FY20 sales actual rates Online Retail 19% 7 338 Retail - 7 320

2 646 Retail Online Retail +17% 51% 2 262

4 254 Wholesale** -3% 4 407 Wholesale** 30% 0 2 000 4 000 6 000 8 000

FY19 sales ** includes royalty income 21 PUBLIC SALES BY BUSINESS AREA* *End March 2020

JEWELLERY MAISONS SPECIALIST WATCHMAKERS ONLINE DISTRIBUTORS OTHER BUSINESSES € 7.2 billion € 2.9 billion € 2.4 billion € 1.8 billion vs prior period constant rates - -6% +13% -7%

FY20 sales by business area (€ m) vs prior year % FY20 sales actual rates Other 12% Jewellery Jewellery 7 217 MaisonsMaisons +2% 7 083 Specialist Online Specialist 2 859 Watchmakers -4% Distributors Watchmakers 2 980 17% Jewellery Online 2 427 Maisons DistributorsOnline +15% Distributors 2 105 51% Other 1 788 Other -5% 1 881 Specialist 0 2 000 4 000 6 000 8 000 Watchmakers 20% FY19 sales 22 PUBLIC

APPENDIX PUBLIC 25 MAISONS & BUSINESSES

4 business areas:

Jewellery Maisons Specialist Watchmakers Online Distributors Fashion &Accessories/Other

24 PUBLIC RETAIL NETWORK - WORLDWIDE

Total Boutiques 2 186

Of which Internal Boutiques

1 179

* Other SW - A. Lange & Söhne, Baume & Mercier, Roger Dubuis; Online Distributors - Watchfinder & Co.; Other F&A - Alaïa, Purdey, Serapian

25 PUBLIC OUR 7 SCHOOLS

Creative Academy (Milan)

INSTITUTE OF Institute of Swiss Watchmaking SWISS WATCHMAKING (Hong Kong SAR, Shanghai and Dallas) L’Ecole des Arts Joailliers (Paris)

L’Ecole des Métiers Retail Academy Artisans de Haute (Hong Kong SAR, Horlogerie (Geneva) Shanghai and New York) Institut Horlogerie Cartier (La Chaux-de-Fonds)

Institut Joaillerie Cartier (Paris)

26 PUBLIC MAIN FOUNDATIONS SUPPORTED

Cartier Philanthropy Laureus Sport for Good Foundation

Cologni Foundation for Artistic The Michelangelo Foundation for Craft Professions Creativity and Craftsmanship

Fondation Azzedine Alaïa Fondation Culturelle Montblanc

Fondation Cartier Pour l’Art Contemporain Peace Parks Foundation Fondation de la Haute Horlogerie

27 PUBLIC OUR PEOPLE * *End March 2020

Middle East and Africa Japan 3% 6% Rest of Europe Americas 37% 10%

7y Av. Seniority

39yEurope Av. Age Europe 4y 60% Time in Asia Pacific position 21% Corporate & Regional 24 % 55% Functions S&D Switzerland 23% 21 % Manufacturing

28 PUBLIC OUR ORIGINS

Listed in Johannesburg (90%) and Zurich (10%) Compagnie Financière Richemont Initial offering price = CHF 5.00 ̴ to CHF 2.20 after splits/ restructurings

Luxury Goods Tobacco Financial Natural Diversified Compagnie Financière 90% 34.1% equity interest Services Consumer Goods 43.8% voting interest Resources Richemont was established in September Luxco North American TransAtlantic Fosforera Resources Limited Holdings PLC Española SA 1988 in Switzerland, (50%) Cartier Monde Rothmans * with the spin-off of the International PLC The Continental Piaget & Industrial Trust Frontier Holdings Inc Diversa SA non-SA assets of the Baume & Mercier PLC Holding Rembrandt Group Ind. de Fósforos Capital & Counties Metal Powder Limited, now known as Dunhill Holdings y Encendederos SA PLC Products Inc PLC Fósforos del Pirineo SA Remgro Ltd and founded (Montblanc, Dunhill, Chloé) Sun Life Assurance Harken Energy Conservas La Tila SA in the 1940’s by Anton Society PLC Corporation Viuda de Solano SA Rupert

* Founded in 1973 29 PUBLIC KEY GROUP DEVELOPMENTS SINCE 1988

Merger of Foundation of Buyout of Rothmans’ Merger of pay Merger of Rothmans Merger of VLG with Separation of NET-A- Issue of a Issue of a Compagnie minority (40%) television interest with with BAT. Richemont Richemont; Richemont’s luxury good PORTER and € 4 billion € 2 billion Financière shareholders Canal+. Richemont owns 23.3% of BAT Mr Rupert remains business from its other YOOX bond bond Richemont, listing owns 15% of Canal+ Executive Chairman of interests (notably stake in GROUP (49% on SIX and the JSE the Management Board BAT now under Reinet) owner)

1988 1993 1995 1996 1997 1998 1999 2000 2001 2002 2008 2010 2015 2018 2020

Foundation of Vendôme Merger of Buyout of VLG Acquisition of LMH (JLC, Mr Rupert becomes Acquisition of Acquisition of 100% Luxury Group (VLG) and Richemont’s and minority (30%) IWC, L&S) and disposal of Chairman of 93% of NET-A- of YOOX NET-A- listing on the UK stock Rembrant’s tobacco shareholders interest in Vivendi (2.9%) Richemont PORTER.COM PORTER GROUP exchange businesses

30 PUBLIC LEGAL OWNERSHIP STRUCTURE

Compagnie Financière Richemont SA 50% votes Geneva 50% votes

Listed 522.0m A Registered Shares Private 522.0m B Registered Shares 90.9% of Capital / Economic Participation 9.1% of Capital / Economic Participation

. Listed & traded on SIX Swiss Exchange . Unlisted (Reuters "CFR.VX" / Bloomberg "CFR:VX") and included . 100% owned by Compagnie Financière Rupert in the Swiss Market Index ('SMI') of leading stocks. ISIN . CHF 0.10 par value CH0210483332 . B shareholders receive 1/10th (10%) of the dividend per share . South African depository receipts in respect of paid to A shareholders Richemont 'A' shares are traded on the Johannesburg Stock Exchange operated by JSE Limited (Reuters "CFRJ.J" / Bloomberg "CFR:SJ"). ISIN CH0045159024 . Richemont South African Depository Receipts are issued in registered form . CHF 1.00 par value . 1m A shares minimum needed to request that an item be placed on the agenda for the AGM . Treasury shares are held in relation to Executive Stock Options 31 PUBLIC SALES BY PRODUCT LINE * *End March 2020

WRITING JEWELLERY WATCHES CLOTHING LEATHER GOODS OTHER INSTRUMENTS € 5.2 billion € 4.8 billion € 1.8 billion € 1.4 billion € 0.4 billion € 0.6 billion vs FY18 constant rates - -4% +12% -1% -9% -2%

FY20 Sales by product line (€ m) vs FY19 % of FY20 Sales actual rates Other Writing Instruments 4% 5 205 Jewellery +3% 3% 5 061 Leather Goods 4 816 Watches -2% 4 930 10% 1792 Clothing +15% 1 553 Jewellery Leather Clothing 13% 1415 +1% goods 1 402 36% Writing 383 -7% instruments 414

627 Other - 629

0 1 000 2 000 3 000 4 000 5 000 6 000 Watches FY19 sales 34% 32 PUBLIC SALES EVOLUTION 2000-2020 * *End March in € billions

14.2 14.0

11.1 11.0 10.4 10.6 10.2 10.0 8.9 6.9 >4X 5.3 5.4 5.2 4.8 In 20 years 4.3 3.7 3.9 3.7 3.7 3.4 2.9

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

33 PUBLIC FINANCIAL HIGHLIGHTS

Solid cash flows, financing critical investments, led to a strong net cash position

5 791

5 339 5 269

€ m

2 723 2 797 2 528 * 2 419 2 331 2 395

1 896

826 710 735 * Net acquisition of fixed assets, primarily in 599 487 manufacturing facilities and boutiques

2016 2017 2018 2019 2020 34 PUBLIC FINANCIAL HIGHLIGHTS

Gross profit, € m Cash flow from operations, Operating profit, € m € m 2 723 2 797 8 645 8 611 2 061 2 419 2 331 1 943 7 118 7 150 1 844 6 799 1 764 1 896 1 518

2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020

35 PUBLIC DIVIDENDS; PAID AND PER A SHARE/10 B SHARES * *FY ending 31 March CHF 2.00 € 1 017 m

1000 CHF 1.80 CHF 1.90 2.50 CHF 1.70 € 918 m € 926 m CHF 1.60 € 878 m € 854 m

800 2.00

CHF 1.40 Dividends € 650 m

600 CHF 1.00 ** 1.50 per share per € 529 m CHF 1.00 € 452 m (in CHF) in in millions € 400 1.00 CHF 0.55 € 250 m CHF 0.45 CHF 0.35 € 204 m 200 € 141 m 0.50

0 0.00 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 ** Warrants under the shareholder loyalty scheme issued on 27 November 2020 36 PUBLIC SHARE PRICE SINCE FLOTATION

(in CHF) 120

100

80

60

40

20

0

37 PUBLIC SHARE PRICE OVER 10 YEARS

(in CHF)

120

100

80

60

40

20

0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

38 PUBLIC

At Richemont, we craft the future

BUCCELLATI • CARTIER • VAN CLEEF & ARPELS • A.LANGE & SÖHNE • BAUME & MERCIER • IWC • JAEGER-LECOULTRE • PANERAI • PIAGET • ROGER DUBUIS • VACHERON CONSTANTIN • WATCHFINDER & CO. • NET-A-PORTER • MR PORTER • THE OUTNET • YOOX • ONLINE FLAGSHIP STORES • ALAÏA • AZ FACTORY •CHLOÉ • ALFRED DUNHILL • MONTBLANC • PETER MILLAR • PURDEY • SERAPIAN