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Group Presentation June 2020 Group Presentation / April 2020 2020.04.06 — 2 GROUP PRESENTATION / APRIL 2020 2020.04.06 — 1 GROUP PRESENTATION JUNE 2020 GROUP PRESENTATION / APRIL 2020 2020.04.06 — 2 1 ABOUT LVMH 2 COMMITMENTS 3 KEY FIGURES 4 GOVERNANCE GROUP PRESENTATION / APRIL 2020 2020.04.06 — 3 ABOUT LVMH GROUP PRESENTATION / APRIL 2020 2020.04.06 — 4 Foreword A FAMILY-RUN Group, LVMH is led by BERNARD ARNAULT since 1987. LVMH strives to ensure the long-term development of each of its 70 HOUSES in keeping with their IDENTITY, their HERITAGE and their EXPERTISE. The LVMH group is the ONLY GROUP present in all FIVE MAJOR SECTORS of the luxury market: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective Retailing. GROUP PRESENTATION / APRIL 2020 2020.04.06 — 5 In 2019, LVMH represents: €53.7 163,000 4,915 Billion in revenue Employees Stores GROUP PRESENTATION / APRIL 2020 2020.04.06 — 6 The LVMH spirit LVMH has successfully preserved a FAMILY SPIRIT that places priority on a LONG-TERM VISION. The Group’s vocation is to ensure the DEVELOPMENT of each of its Houses while respecting their IDENTITIES and their autonomy, providing the RESOURCES needed to create, produce and market their products and services through carefully selected channels. These creations make our Houses AMBASSADORS OF A DISTINCTIVELY REFINED « ART DE VIVRE ». GROUP PRESENTATION / APRIL 2020 2020.04.06 — 7 The THREE FUNDAMENTAL VALUES articulated by Bernard Arnault are shared by every member of LVMH. Those three imperatives constitute the pillars of our PERFORMANCE and LONG-TERM SUCCESS. BE CREATIVE DELIVER CULTIVATE & innovative excellence an entrepreneurial spirit Creativity and innovation are part of our DNA. At LVMH, we never compromise on quality. LVMH has an agile and decentralized organization Over the years, they have ensured our Houses’ Because we embody the world of craftsmanship in that encourages efficiency and responsiveness. It success and established their legitimacy. This its most noble and accomplished form, we pay stimulates individual initiative by entrusting each combination of creativity and innovation is the meticulous attention to detail and to perfection. person with significant responsibilities. Our foundation of our Houses and stands at the heart From products to service, we cultivate our entrepreneurial spirit encourages both risk-taking of the delicate balance required to continually difference through this constant quest for and perseverance. It requires pragmatic thinking renew our offer while resolutely looking to the excellence. and an ability to motivate teams, leading them to future, always respecting our unique heritage. achieve ambitious objectives. GROUP PRESENTATION / APRIL 2020 2020.04.06 — 8 1987 The world leader in luxury, LVMH has deployed a business model marked by DYNAMIC GROWTH since its creation in 1987. GROUP PRESENTATION / APRIL 2020 2020.04.06 — 9 “Our business model is anchored in a long-term vision that builds on the heritage of our Houses and stimulates creativity and excellence. This model drives the success of our Group and ensures its promising future.” BERNARD ARNAULT GROUP PRESENTATION / APRIL 2020 2020.04.06 — 10 The LVMH model LVMH HAS DEVELOPED A UNIQUE OPERATING MODEL ANCHORED BY SIX PILLARS: DECENTRALIZED ORGANIC VERTICAL ORGANIZATION GROWTH INTEGRATION Our structure and operating The LVMH group commits Vertical integration fosters principles ensure that our significant resources to develop excellence both upstream Houses are both autonomous its Houses, as well as to and downstream. and responsive. encourage and protect creativity. CREATING SUSTAINING BALANCE ACROSS SYNERGIES SAVOIR-FAIRE BUSINESS Sharing of resources on LVMH and its Houses have SEGMENTS AND a Group scale creates intelligent developed forward-thinking GEOGRAPHIES synergies while respecting initiatives to transmit the individual identities. savoir-faire. GROUP PRESENTATION / APRIL 2020 2020.04.06 — 11 GROUP PRESENTATION / APRIL 2020 2020.04.06 — 12 WINE FASHION PERFUME & SPIRITS & LEATHER GOODS & COSMETICS 1365 LE CLOS DES LAMBRAYS 1846 LOEWE 1828 GUERLAIN 1593 CHÂTEAU D’YQUEM 1849 MOYNAT 1916 ACQUA DI PARMA 1668 DOM PÉRIGNON 1854 LOUIS VUITTON 1947 PARFUMS CHRISTIAN DIOR 1729 RUINART 1895 BERLUTI 1957 PARFUMS GIVENCHY 1743 MOËT & CHANDON 1898 RIMOWA 1972 PERFUMES LOEWE 1765 HENNESSY 1916 PATOU 1976 BENEFIT COSMETICS 1772 VEUVE CLICQUOT 1924 LORO PIANA 1984 MAKE UP FOR EVER 1815 ARDBEG2 1925 FENDI 1988 KENZO PARFUMS 1832 CHÂTEAU CHEVAL BLANC 1945 CELINE 1991 FRESH 1843 KRUG 1947 DIOR 2008 KAT VON D 1843 GLENMORANGIE2 1947 EMILIO PUCCI 2009 MAISON FRANCIS KURKDJIAN 1858 MERCIER 1952 GIVENCHY 2017 FENTY BEAUTY 1955 CHÂTEAU DU GALOUPET 1970 KENZO 1959 CHANDON 1 1984 PINK SHIRTMAKER 1970 CAPE MENTELLE 1 1984 MARC JACOBS 1977 NEWTON1 2004 NICHOLAS KIRKWOOD 1985 CLOUDY BAY1 2019 FENTY 1992 COLGIN CELLARS 1993 BELVEDERE 1998 BODEGA NUMANTHIA1 1999 CHEVAL DES ANDES1 1999 TERRAZAS DE LOS ANDES 2010 WOODINVILLE 2013 AO YUN1 1 : Part of Estates & Wines 2017 CLOS 19 2 : Part of The Glenmorangie Company 2017 VOLCAN DE MI TIERRA GROUP PRESENTATION / APRIL 2020 2020.04.06 — 13 SELECTIVE WATCHES OTHER RETAILING & JEWELRY ACTIVITIES 1852 LE BON MARCHÉ 1780 CHAUMET 1817 COVA 1870 LA SAMARITAINE 1860 TAG HEUER 1849 ROYAL VAN LENT 1958 STARBOARD CRUISE SERVICES 1865 ZENITH 1860 JARDIN D’ACCLIMATATION 1960 DFS 1884 BULGARI 1908 GROUPE LES ÉCHOS 1969 SEPHORA 1936 FRED 1976 BELMOND 1978 LA GRANDE ÉPICERIE4 1980 HUBLOT 2006 HÔTELS CHEVAL BLANC 2014 FONDATION LOUIS VUITTON 4 : Part of Groupe Le Bon Marché GROUP PRESENTATION / APRIL 2020 2020.04.06 — 14 COMMITMENTS GROUP PRESENTATION / APRIL 2020 2020.04.06 — 15 Fondation Louis Vuitton © Iwan Baan GROUP PRESENTATION / APRIL 2020 2020.04.06 — 16 A committed Group Initiated in 1990, our corporate philanthropy program supports arts ART & CULTURE and culture by sharing a passion for artistic disciplines and creativity with the widest possible audience. SOCIAL & ENVIRONMENTAL LVMH has made sustainable development a strategic priority since its founding. RESPONSIBILITY LEADERSHIP & At LVMH, performance is underpinned by the leadership of our managers, whose vision and ENTREPRENEURSHIP ability to inspire their teams enable the entire organization to achieve ambitious objectives. TRANSMISSION & LVMH and its Maisons are the custodians of an unparalleled heritage of time-honored craftsmanship and creative skills, and take great care in protecting and developing SAVOIR-FAIRE savoir-faire that has sometimes been passed on for centuries. GROUP PRESENTATION / APRIL 2020 2020.04.06 — 17 A committed Group 1 2 3 4 5 6 7 8 1. THE FONDATION LOUIS VUITTON 5. THE JOURNÉES PARTICULIÈRES 2. LVMH INTERNAL CARBON FUND 6. THE LVMH PRIZE FOR YOUNG FASHION DESIGNERS 3. THE INSTITUT DES MÉTIERS D’EXCELLENCE LVMH 7. DARE 4. WE CARE FOR MODELS 8. THE LVMH INNOVATION AWARD GROUP PRESENTATION / APRIL 2020 2020.04.06 — 18 The Fondation Louis Vuitton Initiated by Bernard Arnault in 2006, the Fondation Louis Vuitton in Paris opened to the public on October 27, 2014. The Foundation embodies the myriad actions taken by the LVMH group over the past 25 years in support of art, culture and heritage. With its forceful impact and unique, groundbreaking design, the building created by Frank Gehry is itself the first artistic statement by the Fondation Louis Vuitton. In addition to its permanent collection, the Foundation commissions works from artists and organizes temporary exhibitions of modern and contemporary art, along with multidisciplinary installations. Since its opening the Fondation Louis Vuitton has hosted many exihibitions such as Icons of modern art. The Shchukin Collection, Jean-Michel Basquiat, Egon Schiele, Being modern: MoMA in Paris, etc. The Fondation Louis Vuitton project has adopted an exemplary environmental approach and was chosen as a pilot project for new HQE® (High Environmental Quality) guidelines applicable to cultural Fondation Louis Vuitton © Iwan Baan buildings. GROUP PRESENTATION / APRIL 2020 2020.04.06 — 19 GROUP PRESENTATION / APRIL 2020 2020.04.06 — 20 KEY FIGURES GROUP PRESENTATION / APRIL 2020 2020.04.06 — 21 Key figures 2020 N°1 75 4,915 World luxury Houses Stores leader € 53.7 163,000 Billion revenue Employees GROUP PRESENTATION / APRIL 2020 2020.04.06 — 22 Key figures In millions of euros 2018 2019 Variation % REVENUE 46,826 53,670 +15% PROFIT FROM RECURRING OPERATIONS 10,003 11,504 +15% GROUP SHARE OF NET PROFIT 6,354 7,171 +13% FREE CASH FLOW* 5,452 6,167 +13% * Before available for sale financial assets and investments, transactions relating to equity and financing activities GROUP PRESENTATION / APRIL 2020 2020.04.06 — 23 Key figures by business group IN % OF REVENUE Wines & Spirits Selective retailing & other activities 10% 28% Fashion 8% 41% & Leather goods Watches 13% & Jewelry Perfumes & Cosmetics GROUP PRESENTATION / APRIL 2020 2020.04.06 — 24 Key figures by geographic region of delivery IN % OF REVENUE 19% 24% EUROPE 9% (Exc, France) United States 7% FRANCE 30% (Inc. Hawaii) JAPAN ASIA (Exc, Japan) 11% Others Markets GROUP PRESENTATION / APRIL 2020 2020.04.06 — 25 GOVERNANCE GROUP PRESENTATION / APRIL 2020 2020.04.06 — 26 Executive Committee BERNARD ARNAULT ANTONIO BELLONI DELPHINE ARNAULT NICOLAS BAZIRE PIETRO BECCARI MICHAEL BURKE Chairman and Chief Group Managing Louis Vuitton Development and Christian Dior Louis Vuitton Executive Officer Director Products acquisitions Couture CHANTAL GAEMPERLE JEAN-JACQUES GUIONY CHRIS DE LAPUENTE PHILIPPE SCHAUS SIDNEY TOLEDANO JEAN-BAPTISTE VOISIN Human Resources Finances Sephora and beauty
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