PUBLIC

at a glance PUBLIC

CONTENTS

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

* THE GROUP AT A GLANCE *End March 2021 **May 2021

Founded A leading luxury in 1988 goods group

CHF 50 bn** € 13 bn € 1.5 bn € 3.4 bn

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

3 PUBLIC THE GROUP AT A GLANCE * *End March 2021

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

7 Schools 9 Main Foundations 2 247 Boutiques supported (of which 1 190 internal)

Richemont Headquarters by architect Jean Nouvel, Geneva

4 PUBLIC FROM THE PAST INTO THE FUTURE

207 188 174 153 128 115 102 69 26 19

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

*

266 191 176 161 147 115 93 38 20 6

*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 2021 Sales by geographical area Japan Middle East and Africa 7% 7%

Americas 18% Europe 23% Operating in Europe 38 Europe locations

Asia Pacific 45% 2 247 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 ∆%

FY21 3 393 +42% FY21 3 561 +27%

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

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

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

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 2021

British Others 6% German 23% 6%

Swiss 8% At Richemont, we ensure equality for all, regardless of Men 48% nationality, ethnicity, Italian Nationalities 9% gender identity, age, religion, ability status, sexual orientation and any other

American types of diversity. 9% People Managers French Chinese 22% 17%

58 % of total workforce Women 52% are women 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 2021

€ 13 billion € 1.5 billion 11% € 3.4 billion Turnover Operating Profit Operating Margin Net Cash Position

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

FY21 13 144 -8% FY21 1 478 11.2%

14 238 +2% 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%

FY15 10 410 +4% FY15 2 670 25.6%

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 2021

EUROPE ASIA PACIFIC AMERICAS JAPAN MIDDLE EAST AND AFRICA € 3.0 billion € 5.9 billion € 2.4 billion € 0.9 billion € 0.9 billion vs prior year -30% +22% -10% -21% +4% constant rates

FY21 sales by region (€ m) vs prior year % FY21 sales actual rates Middle East and Africa 5 937 7% ASIA PACIFIC +19% 4 992 Japan 7% 2 955 EUROPE -31% 4 298

2 388 Asia Pacific AMERICAS -15% 2 806 Americas 45% 18% 940 JAPAN -22% 1 212

MIDDLE EAST 924 -1% AND AFRICA 930

0 2 000 4 000 6 000 8 000 Europe 23% FY20 sales

20 PUBLIC SALES BY DISTRIBUTION CHANNEL* *End March 2021

RETAIL ONLINE RETAIL WHOLESALE** € 7.2 billion € 2.8 billion € 3.1 billion vs prior year constant rates +2% +9% -25%

vs prior year FY21 sales by distribution channel (€ m) % FY21 sales actual rates

Online Retail 19% 7 248 Retail -1% 7 338

2 794 Online Retail +6% Retail 2 646 55%

3 102 Wholesale** -27% 4 254 Wholesale** 24% 0 2 000 4 000 6 000 8 000

FY20 sales ** includes royalty income 21 PUBLIC SALES BY BUSINESS AREA* *End March 2021

JEWELLERY MAISONS SPECIALIST WATCHMAKERS ONLINE DISTRIBUTORS OTHER BUSINESSES € 7.5 billion € 2.2 billion € 2.2 billion € 1.3 billion vs prior year constant rates +7% -19% -7% -23%

FY21 sales by business area (€ m) vs prior year % FY21 sales actual rates Other 10% Jewellery Jewellery 7 459 MaisonsMaisons +3% 7 217 Online Specialist Distributors Specialist 2 247 Watchmakers -21% 17% Watchmakers 2 859 Online 2 197 Jewellery DistributorsOnline -9% Distributors 2 427 Maisons 57% Other 1 345 Other -25% 1 788 Specialist Watchmakers 0 2 000 4 000 6 000 8 000 17%

FY20 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

31 March 31 March Net change 2021 Internal Franchise 2020 Internal Franchise Total Internal Franchise Jewellery Maisons 463 326 137 457 321 136 +6 +5 +1 Cartier 269 201 68 270 203 67 -1 -2 +1 Total Van Cleef & Arpels 139 102 37 140 99 41 -1 +3 -4 Buccellati 55 23 32 47 19 28 +8 +4 +4 Boutiques Specialist Watchmakers 767 324 443 719 320 399 +48 +4 +44 Piaget 119 70 49 117 75 42 +2 -5 +7 2 247 IWC 185 56 129 166 54 112 +19 +2 +17 Jaeger-LeCoultre 154 56 98 137 53 84 +17 +3 +14 Panerai 145 56 89 132 52 80 +13 +4 +9 Of which Vacheron Constantin 93 46 47 89 44 45 +4 +2 +2 Internal Boutiques Other SW* 71 40 31 78 42 36 -7 -2 -5 Online Distributors 13 13 0 19 19 0 -6 -6 0 Other - Fashion & Accessories 1 004 527 477 971 515 456 +32 +12 +20 1 190 M ontblanc 638 290 348 600 277 323 +38 +13 +25 Chloé 231 121 110 235 121 114 -4 0 -4 dunhill 98 91 7 103 96 7 -5 -5 0 Peter M illar 18 6 12 18 7 11 0 -1 +1 Other F&A* 19 19 0 15 14 1 +4 +5 -1 Total 2 247 1 190 1 057 2 166 1 175 991 +80 +15 +65

* 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 2021

Middle East and Africa Japan 3% 6% Rest of Europe Americas 37% 9%

8y Av. Seniority

39yEurope Av. Age Europe 5y 60% Time in Asia Pacific position 22% 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 2021

WRITING JEWELLERY WATCHES CLOTHING LEATHER GOODS OTHER INSTRUMENTS € 5.6 billion € 4.1 billion € 1.6 billion € 1.1 billion € 0.3 billion € 0.4 billion vs prior year constant rates +10% -13% -6% -18% -17% -30%

FY21 Sales by product line (€ m) vs prior year % of FY21 Sales actual rates Other Writing Instruments 5 553 3% Jewellery +7% 2% 5 205 Leather Goods 9% 4 085 Watches -15% 4 816 1636 Clothing -9% 1 792 Clothing 13% Leather 1129 -20% goods 1 415 Jewellery 42% Writing 308 -20% instruments 383

433 Other -31% 627

0 1 000 2 000 3 000 4 000 5 000 6 000 Watches 31% FY20 sales 32 PUBLIC SALES EVOLUTION 2000-2021 * *End March in € billions

14.2 14.0 13.1

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 21 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 2021

33 PUBLIC FINANCIAL HIGHLIGHTS

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

5 791

5 269

€ m

3 561 3 393

2 723 2 797 2 528 * 2 331 2 395

1 896

826 735 * Net acquisition of fixed assets, primarily in 599 487 513 manufacturing facilities and boutiques

2017 2018 2019 2020 2021 34 PUBLIC FINANCIAL HIGHLIGHTS

Gross profit, € m Cash flow from Operating profit, € m operations, € m 3 561

8 645 8 611 7 861 2 797 1 943 2 723 1 844 7 150 1 764 6 799 2 331 1 518 1 478 1 896

2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021

35 PUBLIC DIVIDENDS; PAID AND PER A SHARE/10 B SHARES * *FY ending 31 March

CHF 2.00 € 1 017 m CHF 1.80 1000 CHF 1.90 2.50 CHF 1.70 € 918 m € 926 m CHF 1.60 € 878 m € 854 m

CHF 2.00*** 800 2.00

CHF 1.40 Dividends € 650 m

600 CHF 1.00* 1.50 € 529 m share per CHF 1.00 € 452 m (in CHF) in in millions € 400 1.00

CHF 0.45 CHF 0.55 € 204 m € 250 m

200 0.50

0 0.00 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

** Warrants under the shareholder loyalty scheme issued on 27 November 2020 *** For shareholder approval at Sept 2021 AGM 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 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 • dunhill • Montblanc • Peter Millar • Purdey • Serapian