#1LVMH 2021 Annual Results January 27, 2022 Louis Vuitton#2This document may contain certain forward-looking statements which are based on estimations and forecasts. By their nature, these forward-looking statements are subject to important risks and uncertainties and factors beyond our control or ability to predict, in particular those described in LVMH's Universal Registration Document which is available on the website (www.lvmh.com). These forward-looking statements should not be considered as a guarantee of future performance, the actual results could differ materially from those expressed or implied by them. The forward-looking statements only reflect LVMH's views as of the date of this document, and LVMH does not undertake to revise or update these forward-looking statements. The forward-looking statements should be used with caution and circumspection and in no event can LVMH and its Management be held responsible for any investment or other decision based upon such statements. The information in this document does not constitute an offer to sell or an invitation to buy shares in LVMH or an invitation or inducement to engage in any other investment activities. 2 Disclaimer LVMH#301 Bernard Arnault#4Back to strong growth momentum in 2021 64.2 bn€ 2021 REVENUE +36% vs 2020 (organic) 17.2 bn€ 2021 PROFIT FROM RECURRING OPERATIONS +107% vs 2020 Double-digit revenue growth in Asia and the US and gradual recovery in Europe Acceleration of revenue growth in Q4 Record performance following strong impact of the global health crisis in 2020 Remarkable operating free cash flow, exceeding 13 billion euros Outstanding performance of Fashion & Leather Goods, particularly Louis Vuitton, Christian Dior, Fendi, Celine and Loewe, which reached record levels of revenue and profitability 2021 Annual Results Successful integration of Tiffany, which registered record performance only one year after joining the Group XO Hennessy Continued strong growth of online sales alongside gradual return of customers in stores DFS still impacted by international travel but strong rebound of Sephora SEPHORA 557 LVMH#55 Ongoing progress in delivering on commitments Ability to focus on key action areas Putting the environment at the heart of creativity Respecting each one's dignity and individuality 71% of the Group's total workforce is female, with 65% of managerial positions held by women Transmitting our World heritage's savoir-faire > 330 apprentices trained by the IME across 6 countries (France, Switzerland, Italy, Spain, Germany and Japan), totaling 1,400 apprentices since its creation in 2014 Creative circularity 41% of recycled raw material in packaging, with an objective of 70% by 2030 Biodiversity 640,000 hectares of regenerated fauna and flora habitat, with an objective of 5 million by 2026 Supporting the safety and well-being of employees 86% of Maisons allow employees to work flexible hours (part-time working, remote working, returning to work part-time, etc.) Committing to a better society > 700,000 people helped throughout the year with €40m donated to more than 500 charitable organizations, foundations or initiatives (+57% vs 2020) Traceability 100% 61% 81% 92% Vineyard Cotton Leather Gold with a dedicated traceability system, with a target of 100% by 2030 Climate SBTi Validation of the LIFE 360 carbon trajectory by the Science Based Targets initiative (SBTi) 2021 Annual Results Data as of December 31, 2021 LVMH#602 Business group review Louis Vuitton#7Wines & Spirits - Sustained demand in the US and strong rebound in China in a context of tight supply constraints Ruinart VOLUME CHAMPAGNE + 3% vs 2019 VOLUME HENNESSY + 4% vs 2019 Champagne & Wines Sustained recovery in key markets Strong demand in the US and Europe, driven by reopening of restaurants and return of tourism, mainly regional - Japan, Southeast Asia and Travel Retail still impacted by Covid Success of Chandon Garden Spritz, launched in Europe, the US and Australia - Rapid growth of Château d'Esclans - First integration of Armand de Brignac, 50% of which was acquired following partnership with Shawn Jay-Z Carter Cognac & Spirits Good performance despite supply constraints - Strong rebound for Hennessy in China and the US - Increased visibility through global partnership with the NBA - Opening of dedicated stores, notably on Hainan island – Rapid progress of Glenmorangie and Ardbeg; Master Distiller prize for the fifth year Launch of Belvedere's first certified organic products 7 2021 Annual Results Wines & Spirits LVMH#8Fashion & Leather Goods - Remarkable performance of Louis Vuitton, Christian Dior, Fendi, Celine, Loewe and Marc Jacobs 骂 STOP TEL BUENEASHE ON 434 950 Louis Vuitton Outstanding performance driven by innovation and quality of products Tribute fashion show in Miami, in memory of Virgil Abloh - Several creative initiatives linked to bicentenary of birth of brand's founder - Iconic models reinvented and new artistic collaborations Store openings, notably in Tokyo and at La Samaritaine in Paris Christian Dior Couture Remarkable growth in all product categories and regions Success of new Caro bag and its caning pattern; strong demand for micro bags - Inspiring fashion shows for collections designed by Maria Grazia Chiuri - Launch of seasonal capsule collections << Christian Dior Couturier du Rêve » exhibition travels to Chengdu, New York and Doha 8 2021 Annual Results Fashion & Leather Goods Other brands Fendi Celine Loro Piana Loewe Are Success of Kim Jones first collections; excellent reception of new bag Fendi First Great success of Ready-To-Wear lines created by Hedi Slimane, and Leather Goods; excellent reception to perfume's collections Collaboration with Japanese artist Hiroshi Fujiwara Rapid advance of Flamenco line and new model Amazona designed by JW Anderson Marc Jacobs Great success of collections New Artistic Directors Nigo at Kenzo and Camille Miceli at Pucci LVMH#9Perfumes & Cosmetics - Strong growth of perfume and skincare and continued selective distribution SAUVAGE BLIKIN Dior NILE ANTIQUE Parfums Christian Dior Very strong rebound with local clientele - Continued success in perfume with Miss Dior, J'Adore and Sauvage lines - Sauvage, first perfume in the world - Successful launch of new olfactory variations of La Collection Privée - International roll-out of refillable lipstick Rouge Dior - Strong performance of skincare lines Prestige, Capture and L'Or de Vie Guerlain Remarkable growth, notably in skincare - Exceptional progress of skincare lines Abeille Royale and Orchidée Impériale Worldwide success of Haute Parfumerie collection L'Art & La Matière and Aqua Allegoria Well established position of foundation line Parure Gold, notably in China New Artistic Director of Makeup Other brands Parfums Givenchy Benefit Fresh Maison Francis Kurkdjian Acqua di Parma Officine Universelle Buly Continued success of perfume L'Interdit and powder Prisme Libre New mascara They're Real! Magnet and worldwide campaign « Love Your Brows >> Strengthening of ultra premium line Crème Ancienne with White Truffle Mask Great success of fragrances Baccarat Rouge 540, Gentle Fluidity and À la rose Opening of new stores in China Joined LVMH; renowned for its effective and authentic products, inspired by the excellence of the past 9 2021 Annual Results - Perfumes & Cosmetics LVMH#10Watches & Jewelry - Strong rebound of activity in own stores and successful integration of Tiffany AUTOMATIC CARRERA TAG Tiffany A record year - Success of international campaign << About Love » with Beyoncé and Jay-Z - Record year for High Jewelry Bvlgari Good performance, particularly in own stores - Very good momentum of iconic lines Bzerol, Serpenti and Diva, and success of High Jewelry line Magnifica - Aiguille d'Or Grand Prize for Octo Finissimo Other brands TAG Heuer Major partnership with Porsche and new ambassador, Ryan Gosling Hublot - Strong interest in Knot collection - Rapid development of iconic lines HardWear and - Increased optimization of multi-brands distribution network and reinforced presence of jewelry in own Fred - Reopening of Fifth avenue flagship New store concept in New York end 2022 stores - Opening of Hotel Bvlgari in Paris, avenue George V Zenith Collaboration with Takashi Murakami Success of Pretty Woman collection Launch of Chronomaster Sport, Chronograph Watch prize at the Grand Prix d'Horlogerie de Genève (GPHG) Chaumet New High Jewelry collection Torsade 10 2021 Annual Results Watches & Jewelry LVMH#11Selective Retailing - Good performance of Sephora, DFS still held back by limited recovery in international travel Sephora Level of activity higher than 2019 despite disrupted business environment - Strong progress of online sales - Rebound of revenue in stores - Acceleration of digital roll-out in Europe through partnership with Zalando - Acquisition of FeelUnique in the UK New Sephora points of sale in Kohl's stores in the US DFS Still impacted by international travel - Revenue under 2019 level due to limited recovery of international air traffic - Good performance in Macau and started in Hainan Success of La Samaritaine's opening after major renovation Le Bon Marché Continued momentum despite a long period of closure - Maintained link with clients through digital initiatives and distance selling Good progress of French local clientele - Success of «< Amazone Erogène » and «<Porte-Bonheurs >> exhibitions Strong growth of 24S; roll-out of marketplace model 11 2021 Annual Results Selective Retailing LVMH#1203 2022 Outlook Louis Vuitton#132022 objective: continue to reinforce LVMH's global leadership position 13 Confidence Continue strong momentum of our Maisons and build their desirability over the long-term Digitalization Pursue further digitalization of our Maisons to enrich customers' experience online and in stores Entrepreneurial spirit Build upon entrepreneurial spirit and agility of our organization Vigilance Maintain vigilance within context of gradual recovery from global health crisis Creativity and excellence Stay true to our values and focus on creativity, quality and distribution of our products Commitment Continue to execute on Group's commitments to preserve the environment and corporate responsibility 2021 Annual Results LVMH#1404 Jean-Jacques Guiony Louis Vuitton#152021: a record year particularly for Fashion & Leather Goods division 15 REVENUE PROFIT FROM RECURRING OPERATIONS OPERATING FREE CASH FLOW 64.2 b bn€ +14% vs. 2019* +36% vs. 2020* 17.2 br + 49% vs. 2019 bn€ * Organic growth 2021 Annual Results 13.5 +107% x 2.2 vs. 2020 vs. 2019 OPERATING MARGIN 26.7% + 5.3 pts vs. 2019 + 8.1 pts vs. 2020 bn€ x 2.2 vs. 2020 GEARING 19.6 % LVMH#16Organic revenue up 36% versus 2020 2021 evolution of revenue (in million of euros) 53 670 44 651 2019 16 2021 Annual Results Organic growth Structure impact Currency effect + 36% vs 2020 +14% organic growth vs 2019 +10% vs 2020 +44% vs 2020 + 20% vs 2019 - 2% vs 2020 2020 The principles used to determine the net impact of exchange rate fluctuations on the revenue of entities reporting in foreign currencies and the net impact of changes in the scope of consolidation are described on page 11 of the Financial Document 2021. 64 215 2021 LVMH#17Acceleration of revenue growth in Q4 Quarterly organic revenue change (in %) Q1 LVMH Group Q2 H1 Q3 Q4 H2 2021 + 84% + 53% 2021 vs 2020 + 30% + 20% +27% +36% + 24% 2021 vs 2019 +8% +14% +11% +11% +22% +17% + 14% Fashion & Leather Goods Q1 Q2 H1 Q3 Q4 H2 2021 +37% +40% + 51% + 38% +38% + 45% + 42% 2021 vs 2019 17 2021 Annual Results LVMH#18Balanced geographic revenue mix 2021 revenue breakdown by region (in % of total revenue) UNITED STATES 26 % vs 24% in 2020 vs 24% in 2019 FRANCE 6% vs 8% in 2020 vs 9% in 2019 64.2 bn€ 2021 REVENUE OTHER MARKETS 11% vs 11% in 2020 vs 11% in 2019 18 2021 Annual Results EUROPE (excl. France) 15% vs 16% in 2020 ASIA (excl. Japan) 35 % vs 34% in 2020 JAPAN 7% vs 7% in 2020 vs 7% in 2019 vs 19% in 2019 vs 30% in 2019 LVMH#19Sharp increase in the US and Asia, gradual recovery in Europe, strong rebound in Japan in Q4 Quarterly revenue change by region, organic change versus same period of 2019 2021 vs 2019 +15% United States +31% 30% + 22% 25% 19 2021 Annual Results Q1 2021 Q2 2021 ■Q3 2021 Q4 2021 2021 Japan 3% -4% -6% Asia (excl. Japan) 40% 31% +34% 31% +26% + 26% 5% Europe 1% -6% -8% -15% -18% LVMH#20Strong organic growth particularly driven by outstanding performance of Fashion & Leather Goods division 2021 revenue by business group (in million of euros) 2021 vs 2020 2019 2020 2021 Reported Wines & Spirits 5 576 4 755 5 974 + 26% + 26% Organic* 2021 vs 2019 Organic + 9% Fashion & Leather Goods 22 237 21 207 30 896 + 46% + 47% + 42% Perfumes & Cosmetics 6 835 5 248 6 608 + 26% + 27% 1% Watches & Jewelry 4 405 3 356 8 964 x 2.7 + 40% + 7% Selective Retailing 14 791 10 155 11 754 +16% + 18% 18% Other activities and eliminations (174) (70) 19 Total LVMH 53 670 44 651 64 215 + 44% + 36% + 14% * with comparable structure and exchange rates. The structural impact for the Group compared to 2020 was +10%, largely linked to the consolidation for the first time of Tiffany & Co. The currency effect was -2%. 20 2021 Annual Results LVMH#21Global improvement of performance in Q4 versus 2019 Quarterly revenue change by business group, organic change versus same period of 2019 2021 vs 2019 +17% Q1 2021 Q2 2021 ■Q3 2021 ■Q4 2021 ■2021 Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics 51% 42% +40% +37% 38% +7% 7% 9% 4% 21 2021 Annual Results Watches & Jewelry Selective Retailing +9% 0% 1% +1% 1% -1% 4% -1% 18% 7% -5% -19% -19% -18% -30% LVMH#22Group share of net profit exceeded 12 billion euros in 2021 Summarized income statement (in million of euros) 2019 2020 2021 Change vs 2020 Change vs 2019 Revenue Gross margin 53 670 44 651 64 215 +44% +20% 35 547 28 780 43 860 +52% +23% Marketing and selling expenses (20 207) (16 792) (22 308) +33% +10% General and administrative expenses (3 864) (3 641) (4 414) +21% +14% Equity investment income 28 (42) 13 Frofit from recurring operations 11 504 8 305 17 151 +107% +49% Other operating income and expenses (231) (333) 4 Operating profit 11 273 7.972 17 155 +115% + 52% Net financial income (expenses) (559) (608) 53 Income taxes (2 932) (2 409) (4 510) Net profit before minority interests 7 782 4 955 12 698 +156% +63% Minority interests (611) (253) (662) Group share of net profit 7 171 4 702 12 036 + 156% + 68% 22 2021 Annual Results LVMH#23Profit from recurring operations over 17 billion euros doubled versus 2020 and up 49% versus 2019 Profit from recurring operations by business group (in million of euros) 2019 2020 2021 Change vs 2020 Change vs 2019 Wines & Spirits 1 729 1 388 1 863 Champagne & Wines 690 488 762 Cognac & Spirits 1.039 900 1 101 Fashion & Leather Goods 7 344 7 188 Perfumes & Cosmetics 683 80 12 842 + 34% + 56% +22% + 79% + 75% + 8% +10% +6% 684 > 200% 0% Watches & Jewelry 736 302 1 679* > 200% Selective Retailing 1 395 (203) Other activities and eliminations (383) (450) Total LVMH 11 504 8 305 534 (451) 17 151 + 107% ns + 128% - 62% ns ns Operating margin (%) 21.4% 18.6% 26.7% +8.1 pts + 49% + 5.3 pts * Non-comparable structure. 23 2021 Annual Results LVMH#24Strong operational improvement and high structure impact due to Tiffany's integration 2021 evolution of profit from recurring operations (in millions of euros) 11504 2019 24 2021 Annual Results 8305 2020 Organic growth Structure impact Currency effect 796 M€ OM€ 17151 8 049 M€ +107% vs 2020 + 49% vs 2019 2021 LVMH#25Acceleration of growth of profit from recurring operations in H2 2021 Half-year changes of profit from recurring operations by business group Evolution versus same period of 2019 Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Total LVMH 25 2021 Annual Results H1 2021 H2 2021 2021 + 20% - 2 % + 74 % + 75% + 1% + 122 % + 134% - 2% + 8% + 75% 0% +128% - 82% - 41% - 62% + 44 % + 53% + 49% LVMH#26Excellent financial result for 2021 Change in net financial result (in million of euros) Cost of net financial debt (35) 2020 2021 Change (M€) 41 + 76 Interest on lease liabilities (281) (242) + 39 Cost of currency derivatives (262) (206) + 56 Fair value adjustment of available (4) 499 +503 for sale financial assets Other items (26) (39) - 13 Net financial result (608) 53 + 661 26 2021 Annual Results LVMH#27Very sound financial structure Changes compared to December 31, 2020 Increased intangible assets mainly due to Tiffany's integration and revaluation of purchase commitments for minority interests Increased inventories resulting from Tiffany's integration and progress in business activity Progress in total equity linked to increased net result and impact of currency change Increased net financial debt following the payment of Tiffany's acquisition price in early January 2021 27 2021 Annual Results 125 bn€ 125 bn€ 39% Total equity 73% Non current assets 39% Non current liabilities Inventories 13% Other current assets 22% Current liabilities 14% Assets Liabilities December 31, 2021 LVMH#28Remarkable progress of operating free cash flow which exceeded 13 billion euros in 2021 Analysis of free cash flow operations (in million of euros) 2019 2020 Cash from operations before changes 16 105 13 997 22 621 in working capital Cost of net financial debt: interest paid (124) Lease liabilities: interest paid (239) (58) (290) 71 (231) Tax paid (2 940) (2 385) (4 239)* 2021 Variation vs 2020 Variation vs 2019 8 624 6 516 129 59 (1 854) (1 299) 195 8 Change in working capital (1 154) (367) 426 792 1580 Net cash from operating activities 11 648 10 897 18 648 7 751 7 000 Operating investments (3 294) (2 478) (2 664) (186) 630 Repayment of lease liabilities (2 187) (2 302) (2 453) (151) (266) Operating free cash flow** 6 167 6 117 13 531 7 414 7364 *Including €1,720m in France ** Before available for sale financial assets and investments, transactions relating to equity and financing activities. 28 2021 Annual Results LVMH#29Increase of net financial debt mainly due to payment of Tiffany's acquisition price in early January 2021 Net financial debt (in million of euros) Gearing 3 244 O 12% 31/12/2016 7153 6206 5487 4241 9.607 24% O 16% 20% 16% 11% 31/12/2017 31/12/2018 31/12/2019 31/12/2020 31/12/2021 ➤ Confirmation of long-term credit ratings with a stable perspective from Moody's and Standard & Poor's, respectively Al and A+. 29 2021 Annual Results LVMH#30Tiffany's acquisition largely covered thanks to remarkable level of cash flow Net financial debt (in million of euros) 30 Opening net financial debt 4.241 31/12/2020 Résultats annuels 2021 Operating Financial investments free cash flow 13 315 - 13 531 Dividends paid 3 935 Others 1 647 Closing net financial debt 9.607 31/12/2021 LVMH#312021 dividend of 10 euros Gross dividend per share (in euros) Average annual growth rate over 5 years + 20% 6,00 5,00 4,80 4,00 2016 2017 * Will be proposed at the Annual General Meeting of April 21, 2022 31 2021 Annual Results 6,00 10,00* 2018 2019 2020 2021 LVMH#3205 Annex Louis Vuitton#332021 organic revenue change by region and by quarter (in %) 2021 vs 2020 Q1 2021 Q2 2021 H1 2021 Q3 2021 Q4 2021 United States H2 2021 2021 + 23% x 2.1 + 60% + 28% + 34% + 32% Japan + 44% +8% x 2.1 + 42% +15% + 26% Asia (excl. Japan) + 21% + 29% + 86% + 55% + 70% +12% +16% +14% Europe + 37% - 9% + 87% + 25% + 23% + 33% Total LVMH + 28% + 27% + 30% + 84% + 53% + 20% + 27% + 24% + 36% 2021 vs 2019 Q1 2021 United States +15% Q2 2021 + 31% H1 2021 Q3 2021 Q4 2021 H2 2021 2021 + 23% +22% + 30% + 26% +25% Japan - 3% - 4% - 3% - 6% + 31% + 13% Asia (excl. Japan) + 5% + 26% + 34% + 30% + 26% + 40% + 33% + 31% Europe - 18% - 15% - 16% - 6% + 1% - 2% Total LVMH - 8% + 8% + 14% +11% + 11% +22% + 17% + 14% 33 2021 Annual Results LVMH#342021 organic revenue change by business group and by quarter (in %) 2021 vs 2020 Q1 2021 Q2 2021 H1 2021 Q3 2021 Q4 2021 Wines & Spirits H2 2021 2021 + 36% + 55% +44% + 10% +18% Fashion & Leather Goods + 14% + 26% + 52% x 2.2 + 81% + 24% + 28% + 26% Perfumes & Cosmetics + 47% +18% + 67% + 37% + 19% + 20% Watches & Jewelry + 19% +27% + 35% x 2.2 + 71% +18% + 21% Selective Retailing + 20% + 40% - 5% + 31% + 12% +15% + 30% + 24% Total LVMH + 18% + 30% + 84% + 53% + 20% + 27% + 24% + 36% 2021 vs 2019 Q1 2021 Q2 2021 H1 2021 Q3 2021 Q4 2021 H2 2021 2021 Wines & Spirits +17% +7% +12% +7% + 4% + 5% +9% Fashion & Leather Goods + 37 % + 40% + 38% + 38% + 51% + 45% + 42% Perfumes & Cosmetics - 4% 1% - 3% 0% + 1% 0% - 1% Watches & Jewelry +1% + 9% + 5% + 1% +18% + 10% +7% Selective Retailing 30% - 19% -25% - 19% - 5% 11% 18% Total LVMH + 8% + 14% + 11% +11% + 22% + 17% + 14% 34 2021 Annual Results LVMH#35Revenue by business group and by quarter (in million of euros) 2021 Champagne & Wines Cognac & Spirits Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Other activities & eliminations Total Q1 2021 549 961 1 510 6 738 1 550 1 883 2 337 (59) 13 959 Q2 2021 580 615 1 195 7 125 1 475 2 140 2 748 23 14 706 H1 2021 1 129 1 576 2 705 13 863 3 025 4 023 5 085 (36) 28 665 Q3 2021 694 852 1 546 7 452 1 642 2 137 2 710 25 15 512 Q4 2021 970 753 1 723 9 581 1 941 2 804 3.959 30 20 038 H2 2021 1 664 1 605 3 269 17 033 3 583 4 941 6.669 55 35 550 2021 2 793 3 181 5 974 30 896 6.608 8 964 11 754 19 64 215 Champagne 2020 & Wines Cognac & Spirits Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Other activities & eliminations Total Q1 2020 448 727 1 175 4 643 1 382 792 2 626 (22) 10 596 Q2 2020 306 503 810 3 346 922 527 2 218 (26) 7 797 H1 2020 754 1 230 1985 7.989 2 304 1 319 4 844 (48) 18 393 Q3 2020 554 810 1 364 5 945 1 370 947 2 332 (3) 11 955 Q4 2020 811 595 1 406 7 273 1 574 1 090 2.979 (19) 14 303 H2 2020 1 365 1 405 2 770 13 218 2 944 2 037 5 311 (22) 26 258 2020 2 119 2 636 4 755 21 207 5 248 3 356 10 155 (70) 44 651 As table totals are calculated based on unrounded figures, there may be slight discrepancies between these totals and the sum of their component figures. 35 2021 Annual Results LVMH#36Ambitious environmental targets LIFE 360 - 2023, 2026 and 2030 objectives Creative circularity New circular services: repairs, upcycling, etc. (2023) Packaging: zero plastic from virgin fossil oil (2026) 100% of the Group's new products will result from eco-design (2030) Traceability 100% of our strategic supply chains will integrate dedicated traceability systems (2030) Biodiversity 100% of strategic raw materials certified to standards guaranteeing the preservation of ecosystems and water resources (2026) 5 million hectares (50,000 sq. km) of flora and fauna habitat restored and/or preserved (2030) Climate Commitment to the 1.5°C trajectory (SBTi) Reduce greenhouse gases from energy consumption at our production sites and stores by 50% - baseline 2019 (2026) 100% renewable or low-carbon energy at sites and stores (2026) Reduce and/or avoid by 55% GHG emissions linked to scope 3 (raw materials and transport) per unit of added value (2030) 36 2021 Annual Results LVMH#37Strong social performance Four pillars Respecting each one's dignity and individuality and develop diversity Supporting the safety and well-being of our employees Transmitting our World heritage's savoir-faire Committing to a better society Promoting diversity and guaranteeing inclusion Achieving gender equality Ensuring health and safety at work Safeguarding the well-being of employees Promoting employment for people with disabilities Listening to and engaging with employees Shaping the future of the Group Consolidating and passing on savoir-faire Developing employee skills Supporting employment, entrepreneurship and local development Facilitating professional integration and access to education Supporting vulnerable populations 37 2021 Annual Results LVMH#38LVMH Louis Vuitton