LVMH H1 2006 Revenue

25 July 2006 H1 2006 revenue highlights

„ Strong organic growth from all business groups

„ Excellent performances in Asia and Europe

„ Robust growth for Wines & Spirits

„ Louis Vuitton continues double-digit growth

„ Exceptional momentum at Fendi, Sephora and Watches & Jewelry

2 LVMH – H1 2006 revenue in millions of Euros

Change Organic Structure 6 968

-1% + 2% 6 173 + 12%

3 555 3 413

Q1 Q2 H1 2005 H1 2006 2006

3 Quarterly revenue growth

+15%

+13%

+11%

+12% +12% Organic +12%

+4% Change +2% Structure -1% -1% -1% -1%

Q1 2006 Q2 2006 H1 2006

4 H1 2006 revenue by region in Euros

Others France 7% 14%

Asia Europe 19% 19%

Japan US (inc. Hawaii) 14% 27%

5 H1 2006 revenue growth in mainland US in dollars

H1 2006 Wines & Spirits +6% Fashion & Leather Goods +8% Perfumes & Cosmetics +15% Watches & Jewelry +21% Selective Retailing +14%

Total LVMH Group +11%

6 H1 2006 revenue growth in Japan in Yen

H1 2006 Wines & Spirits +20% Fashion & Leather Goods +4% Perfumes & Cosmetics +5% Watches & Jewelry +22% Selective Retailing +12%

Total LVMH Group +7%

7 H1 2006 revenue growth in Asia (exc. Japan) in Euros

H1 2006 Wines & Spirits +34% Fashion & Leather Goods +22% Perfumes & Cosmetics +29% Watches & Jewelry +21% Selective Retailing +10%

Total LVMH Group +21%

8 H1 2006 revenue growth in Europe in Euros

H1 2006 Wines & Spirits +20% Fashion & Leather Goods +20% Perfumes & Cosmetics +11% Watches & Jewelry +20% Selective Retailing +1%

Total LVMH Group +13%

9 Wines & Spirits H1 2006 revenue in millions of Euros

Structure Change 1 220 Organic

0% +2% 1 030 605 +16% 632 588 506 295 310

615 337 524 278

Q1 Q2 H1 2005 H1 2006 2006

Champagne & Wines Cognac & Spirits 10 Wines & Spirits H1 2006 highlights

„ Champagne

„ Champagne volumes up 10% in H1

„ Rapid growth continues for Moët & Chandon and Dom Perignon in Japan

„ Strong performance of Veuve Clicquot in Europe and the US „Wines

„ Double-digit growth for Wine Estates

„ Cognac

„ Hennessy volumes up 9% in H1

„ Excellent performance in Asia, especially China

„ XO and VSOP categories recorded best performances

„ Belvedere: strong volume growth in H1, especially in the US

11 Fashion & Leather Goods H1 2006 revenue in millions of Euros

Organic Structure Change 2 466

0% ns 2 196 1 296 +12% 1 170

Q1 Q2 H1 2005 H1 2006

2006

12 Fashion & Leather Goods H1 2006 highlights

„ Louis Vuitton : double-digit organic revenue growth continues

„ Strong momentum in Europe and acceleration in Asia

„ Further strengthening of store network : New “Maison” Taipei, Beijing Peninsula….

„ Sustained demand for new leather goods products : Suede, Monogram perforé, new Denim colors

„ Good performances at other brands

„ Exceptional revenue growth at Fendi

„ Loewe success of Esencia line and Loewe160 canvas handbag

„ Solid performance of DK driven by Collection

13 Perfumes & Cosmetics H1 2006 revenue in millions of Euros

Change Organic Structure 1 169 0% +2% 1 034 +11% 597 572

Q1 Q2 H1 2005 H1 2006

2006

14 Perfumes & Cosmetics H1 2006 highlights

„ Parfums Christian Dior strong growth continues

„ Market share gains aided by Fashion house success

„ Excellent performance in Asia, Europe and the US

„ Continued rapid growth of perfumes driven by J’Adore

„ Capture confirms its leadership in anti-aging category

„ Rapid growth of make-up lines; Diorskin, Backstage and Addict

„ Good progress of Guerlain

„ Strong growth in Asia and Europe

„ Worldwide success of new Orchidée Impériale skincare line

„ Steady expansion of KissKiss line and good performance of Terracotta

„ Continued double-digit revenue growth at BeneFit, with particularly strong momentum in Asia and Europe

15 Watches & Jewelry H1 2006 revenue in millions of Euros

Organic Structure Change 320

0% +1% 260 +22%

170 150

Q1 Q2 H1 2005 H1 2006

2006

16 Watches & Jewelry H1 2006 highlights

„ Another quarter of double-digit revenue growth at TAG Heuer

„ Excellent performance in the US, Europe and Asia

„ Success of Carrera and Aquaracer lines

„ Launch of Zenith’s new Class Open and Defy lines

„ Christal line drives rapid growth at Montres Dior „ Successful introduction of Chaumet’s Dandy Chronograph

17 Selective Retailing H1 2006 revenue in millions of Euros

Organic Structure Change 1 798

1 675 -4% +3% +8%

895 903

Q1 Q2 H1 2005 H1 2006

2006

18 Selective Retailing H1 2006 highlights

„ DFS benefiting from rapid development of Chinese clientele

„ Excellent performance of Sephora in Europe, especially in France

„ Continued double-digit comparable store revenue growth at Sephora US

„ Solid performance of sephora.com

„ Sephora opened first store in Beijing - China

19 H1 2006 revenue conclusion

„ Continued double-digit organic revenue growth

„ All business groups remain strong contributors

„ Robust development of most brands, especially in Fashion & Leather goods

„ Focus on star brands, innovative and quality products and improving profitability

Confirm objective of very significant increase in 2006 results

20