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Download Group Presentation 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.
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