LVMH Results Presentation Deck

Made public by

sourced by PitchSend

27 of 41

Creator

lvmh logo
Lvmh

Category

Consumer

Published

January 2022

Slides

Transcriptions

#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 Louis Vuitton#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 Record performance following strong impact of the global health crisis in 2020 Remarkable operating free cash flow, exceeding 13 billion euros 4 2021 Annual Results Double-digit revenue growth in Asia and the US and gradual recovery in Europe Acceleration of revenue growth in Q4 Outstanding performance of Fashion & Leather Goods, particularly Louis Vuitton, Christian Dior, Fendi, Celine and Loewe, which reached record levels of revenue and profitability 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 E 557 LVMH#5Ongoing progress in delivering on commitments 5 Ability to focus on key action areas Respecting each one's dignity and individuality 71% of the Group's total workforce is female, with 65% of managerial positions held by women 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.) 2021 Annual Results 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 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) Data as Putting the environment at the heart of creativity Creative circularity December 31, 2021 41% of recycled raw material in packaging, with an objective of 70 % by 2030 Traceability 100% 61% Vineyard Cotton 81% Leather 92% Gold with a dedicated traceability system, with a target of 100% by 2030 Biodiversity 640,000 hectares of regenerated fauna and flora habitat, with an objective of 5 million by 2026 Climate SBTi Validation of the LIFE 360 carbon trajectory by the Science Based Targets initiative (SBTi) 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 Champagne & Wines Sustained recovery in key markets 7 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 2021 Annual Results Wines & Spirits VOLUME HENNESSY + 4% vs 2019 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 LVMH#8Fashion & Leather Goods - Remarkable performance of Louis Vuitton, Christian Dior, Fendi, Celine, Loewe and Marc Jacobs 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 8 STOP NON 900 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 2021 Annual Results - Fashion & Leather Goods - 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 Other brands Fendi Celine Loro Piana Loewe Marc Jacobs New Artistic Directors 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 Great success of collections Nigo at Kenzo and Camille Miceli at Pucci LVMH#9Perfumes & Cosmetics - Strong growth of perfume and skincare and continued selective distribution SAUVAGE BLIXIR 9 Dior 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 2021 Annual Results Perfumes & Cosmetics 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 BLE ANTE POR IS Other brands Parfums Givenchy Benefit Fresh Maison Francis Kurkdjian Acqua di Parma Officine Universelle Buly B PARTAGER 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 LVMH#10Watches & Jewelry - Strong rebound of activity in own stores and successful integration of Tiffany Tiffany A record year -Success of international campaign << About Love » with Beyoncé and Jay-Z - Record year for High Jewelry - Strong interest in Knot collection - Rapid development of iconic lines 7' and Hard Wear New store concept - Reopening of Fifth avenue flagship in New York end 2022 10 2021 Annual Results Watches & Jewelry Bvlgari Good performance, particularly in own stores - Very good momentum of iconic lines Bzero1, Serpenti and Diva, and success of High Jewelry line Magnifica - Aiguille d'Or Grand Prize for Octo Finissimo Increased optimization of multi-brands distribution network and reinforced presence of jewelry in own stores - Opening of Hotel Bvlgari in Paris, avenue George V Hublot Other brands TAG Heuer Major partnership with Porsche and new ambassador, Ryan Gosling Collaboration with Takashi Murakami Fred AUTOMATIC Zenith CARRERA TAG SELLE Chaumet Success of Pretty Woman collection Launch of Chronomaster Sport, Chronograph Watch prize at the Grand Prix d'Horlogerie de Genève (GPHG) New High Jewelry collection Torsade 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 11 2021 Annual Results Selective Retailing www 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 M ETHNO 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 LVMH#12IEI 03 2022 Outlook Louis Vuitton#132022 objective: continue to reinforce LVMH's global leadership position Vigilance Maintain vigilance within context of gradual recovery from global health crisis 13 2021 Annual Results Confidence Continue strong momentum of our Maisons and build their desirability over the long-term Creativity and excellence Stay true to our values and focus on creativity, quality and distribution of our products Digitalization Pursue further digitalization of our Maisons to enrich customers' experience online and in stores Commitment Continue to execute on Group's commitments to preserve the environment and corporate responsibility Entrepreneurial spirit Build upon entrepreneurial spirit and agility of our organization LVMH#1404 Jean-Jacques Guiony Louis Vuitton#152021: a record year particularly for Fashion & Leather Goods division REVENUE 64.2 bne bn€ + 14% vs. 2019* +36% 15 2021 Annual Results vs. 2020* *Organic growth PROFIT FROM RECURRING OPERATIONS 17.2 bne + 49% vs. 2019 + 107 % vs. 2020 OPERATING MARGIN + 5.3 pts vs. 201 26.7% + 8.1 pts vs. 2020 OPERATING FREE CASH FLOW 13.5 x 2.2 vs. 2019 bn€ x 2.2 GEARING vs. 2020 19.6% LVMH#16Organic revenue up 36% versus 2020 2021 evolution of revenue (in million of euros) 53 670 2019 16 2021 Annual Results 44 651 2020 Organic growth +36% vs 2020 + 14% organic growth vs 2019 Structure impact + 10% vs 2020 +44% vs 2020 + 20% vs 2019 Currency effect - 2% vs 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 %) LVMH Group 2021 vs 2020 2021 vs 2019 Fashion & Leather Goods 2021 vs 2019 17 2021 Annual Results Q1 + 30% + 8% Q1 +37% Q2 + 84% + 14% Q2 + 40% H1 + 53% + 11% H1 +38% Q3 + 20% + 11% Q3 + 38% Q4 + 27% +22% Q4 + 51% H2 + 24% + 17% H2 + 45% 2021 +36% + 14% 2021 + 42% 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 OTHER MARKETS 11 % vs 11% in 2020 vs 11% in 2019 18 2021 Annual Results FRANCE 6% vs 8% in 2020 vs 9% in 2019 EUROPE (excl. France) 15% vs 16% in 2020 vs 19% in 2019 ASIA (excl. Japan) 35% vs 34% in 2020 vs 30% in 2019 64.2 bn€ 2021 REVENUE JAPAN 7% vs 7% in 2020 vs 7% 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% +22% 19 2021 Annual Results 30% 25% - 3% Q1 2021 - 4% Japan - 6% Q2 2021 31% 5% Q3 2021 +26% Q4 2021 Asia (excl. Japan) +34% + 26% 40% 2021 31% - 18% -15% Europe - 6% 1% -8% LVMH#20Strong organic growth particularly driven by outstanding performance of Fashion & Leather Goods division 2021 revenue by business group (in million of euros) Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Other activities and eliminations Total LVMH 2019 20 2021 Annual Results 5 576 22 237 6 835 4 405 14 791 (174) 53 670 2020 4 755 21 207 5 248 3 356 10 155 (70) 44 651 2021 5 974 30 896 6 608 8 964 11 754 19 64 215 2021 vs 2020 Reported + 26% + 46% + 26% X 2.7 + 16% + 44% * 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%. Organic* + 26% + 47% + 27% + 40% + 18% + 36% 2021 vs 2019 Organic + 9% + 42% 1% + 7% - 18% + 14% 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 Wines & Spirits +17% +7% 7% 4% 9% 21 2021 Annual Results Fashion & Leather Goods +37% Q1 2021 +40% 38% 51% 42% Q2 2021 Perfumes & Cosmetics -4% ■Q3 2021 - 1% 0% 1% -1% Q4 2021 Watches & Jewelry +1% ■2021 +9% 1% 18% 7% Selective Retailing -30% - 19% -19% -5% -18% LVMH#22Group share of net profit exceeded 12 billion euros in 2021 Summarized income statement (in million of euros) Revenue Gross margin Marketing and selling expenses General and administrative expenses Equity investment income Frofit from recurring operations Other operating income and expenses Operating profit Net financial income (expenses) Income taxes Net profit before minority interests Minority interests Group share of net profit 22 2021 Annual Results 2019 53 670 35 547 (20 207) (3 864) 28 11 504 (231) 11 273 (559) (2 932) 7 782 (611) 7 171 2020 44 651 28 780 (16 792) (3 641) (42) 8 305 (333) 7 972 (608) (2 409) 4 955 (253) 4 702 2021 64 215 43 860 (22 308) (4 414) 13 17 151 17 155 53 (4 510) 12 698 (662) 12 036 Change vs 2020 +44% +52% +33% +21% +107% + 115% + 156% + 156% Change vs 2019 +20% +23% +10% +14% +49% + 52% + 63% + 68% 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) Wines & Spirits Champagne & Wines Cognac & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Other activities and eliminations Total LVMH Operating margin (%) * Non-comparable structure. 23 2021 Annual Results 2019 1 729 690 1 039 7 344 683 736 1 395 (383) 11 504 21.4% 2020 1 388 488 900 7 188 80 302 (203) (450) 8 305 18.6% 2021 1 863 762 1 101 12 842 684 1 679* 534 (451) 17 151 26.7% Change vs 2020 + 34% + 56% +22% + 79% > 200% > 200% ns ns + 107% +8.1 pts Change vs 2019 + 8% + 10% + 6% + 75% 0% + 128% - 62% ns + 49% + 5.3 pts 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 8 049 M€ Structure impact 796 M€ +107% vs 2020 + 49% vs 2019 Currency effect OM€ 17151 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 + 20% + 74 % + 1 % + 122 % - 82 % + 44 % H2 2021 - 2% + 75% - 2% + 134% - 41% + 53% 2021 + 8% + 75% 0% + 128% - 62% + 49% LVMH#26Excellent financial result for 2021 Change in net financial result (in million of euros) Cost of net financial debt Interest on lease liabilities Cost of currency derivatives Fair value adjustment of available for sale financial assets Other items Net financial result 26 | 2021 Annual Results 2020 (35) (281) (262) (4) (26) (608) 2021 41 (242) (206) 499 (39) 53 Change (M€) + 76 + 39 + 56 + 503 - 13 + 661 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 Non current assets Inventories Other current assets 125 bn€ 73% 13% 14% Assets December 31, 2021 125 bn€ 39% 39% 22% Liabilities Total equity Non current liabilities Current liabilities 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) Cash from operations before changes in working capital Cost of net financial debt: interest paid Lease liabilities: interest paid Tax paid Change in working capital Net cash from operating activities Operating investments Repayment of lease liabilities Operating free cash flow** 2019 28 2021 Annual Results 16 105 (124) (239) (2 940) (1 154) 11 648 (3 294) (2 187) 6 167 2020 13 997 (58) (290) (2 385) (367) 10 897 (2 478) (2 302) 6 117 * Including €1,720m in France ** Before available for sale financial assets and investments, transactions relating to equity and financing activities. 2021 22 621 71 (231) (4 239)* 426 18 648 (2 664) (2 453) 13 531 Variation vs 2020 8 624 129 59 (1 854) 792 7 751 (186) (151) 7 414 Variation vs 2019 6 516 195 8 (1 299) 1 580 7 000 630 (266) 7 364 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) O Gearing 3 244 O 12% 31/12/2016 7153 29 2021 Annual Results O 24% 31/12/2017 5487 16% 31/12/2018 6 206 16% 31/12/2019 4 241 11% 31/12/2020 Confirmation of long-term credit ratings with a stable perspective from Moody's and Standard & Poor's, respectively Al and A+. 9 607 20% 31/12/2021 LVMH#30Tiffany's acquisition largely covered thanks to remarkable level of cash flow Net financial debt (in million of euros) Opening net financial debt 4 241 31/12/2020 30 Résultats annuels 2021 Financial investments 13 315 Operating free cash flow - 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 4,00 2016 5,00 31 2021 Annual Results 2017 * Will be proposed at the Annual General Meeting of April 21, 2022 + 20% 6,00 2018 4,80 2019 6,00 2020 10,00* 2021 LVMH#3205 Annex Louis Vuitton#332021 organic revenue change by region and by quarter (in %) 2021 vs 2020 United States Japan Asia (excl. Japan) Europe Total LVMH 2021 vs 2019 United States Japan Asia (excl. Japan) Europe Total LVMH 33 2021 Annual Results Q1 2021 + 23% + 8% + 86% - 9% + 30% Q1 2021 + 15% - 3% + 26% - 18% + 8% Q2 2021 x 2.1 x 2.1 + 55% + 87% + 84% Q2 2021 + 31% - 4% + 34% - 15% + 14% H1 2021 + 60% + 42% + 70% + 25% + 53% H1 2021 + 23% - 3% + 30% - 16% + 11% Q3 2021 + 28% + 15% + 12% + 23% + 20% Q3 2021 + 22% - 6% + 26% - 6% + 11% Q4 2021 + 34% + 26% + 16% + 33% + 27% Q4 2021 + 30% + 31% + 40% + 1% + 22% H2 2021 + 32% + 21% + 14% + 28% + 24% H2 2021 + 26% + 13% + 33% - 2% + 17% 2021 + 44% + 29% + 37% + 27% + 36% 2021 + 25% + 5% + 31% - 8% + 14% LVMH#342021 organic revenue change by business group and by quarter (in %) 2021 vs 2020 Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Total LVMH 2021 vs 2019 Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Total LVMH 34 2021 Annual Results Q1 2021 + 36% + 52% + 18% + 35% - 5% + 30 % Q1 2021 + 17% + 37% - 4% + 1% 30% Q2 2021 + 55% x 2.2 + 67% x 2.2 + 31% +84% Q2 2021 + 7% + 40% 1% + 9% - 19% + 14% H1 2021 + 44% + 81% + 37% + 71% + 12% + 53% H1 2021 + 12% + 38% - 3% + 5% - 25% + 11% Q3 2021 + 10% + 24% + 19% + 18% + 15% + 20% Q3 2021 + 7% + 38% 0% + 1% - 19% + 11% Q4 2021 + 18% + 28% + 20% + 21% + 30% + 27% Q4 2021 + 4% + 51% + 1% + 18% - 5% + 22% H2 2021 + 14% + 26% + 19% + 20% + 24% + 24% H2 2021 + 5% + 45% 0% + 10% 11% + 17% 2021 + 26% + 47% + 27% + 40% + 18% + 36% 2021 + 9% + 42% - 1% + 7% 18% + 14% - LVMH#35Revenue by business group and by quarter (in million of euros) 2021 Q1 2021 Q2 2021 H1 2021 Q3 2021 Q4 2021 H2 2021 2021 2020 Q1 2020 Q2 2020 H1 2020 Q3 2020 Q4 2020 H2 2020 Champagne & Wines 2020 549 580 1 129 694 970 1 664 2 793 Champagne & Wines 448 306 754 554 811 1 365 Cognac & Spirits 961 2 119 615 1 576 Watches & Perfumes & Cosmetics Jewelry 1 382 792 922 527 2 304 1 319 1 370 947 1 574 1 090 2 944 2 037 5 248 3 356 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 852 753 1 605 3 181 Cognac & Spirits 727 503 1 230 810 595 1 405 Wines & Spirits 1 510 1 195 2 705 1 546 1 723 3 269 5 974 2 636 Fashion & Leather Goods 6 738 7 125 13 863 7 452 9 581 17 033 30 896 Wines & Spirits 1 175 810 1 985 1 364 1 406 2 770 4 755 Perfumes & Cosmetics 1 550 1 475 3 025 1 642 1941 Fashion & Leather Goods 4 643 3 346 7 989 5 945 7 273 13 218 21 207 3 583 6 608 Watches & Jewelry 1 883 2 140 4 023 2 137 2 804 4 941 8 964 Selective Retailing 2 337 2 748 5 085 2 710 3 959 6 669 11 754 Selective Retailing 2 626 2 218 4 844 2 332 2 979 5 311 10 155 Other activities & eliminations (59) 23 (36) 25 30 55 19 Other activities & eliminations (22) (26) (48) (3) (19) (22) (70) Total 13 959 14 706 28 665 15 512 20 038 35 550 64 215 Total 10 596 7 797 18 393 11 955 14 303 26 258 44 651 LVMH#36Ambitious environmental targets LIFE 360-2023, 2026 and 2030 objectives 36 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) 2021 Annual Results 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) LVMH#37Strong social performance Four pillars Respecting each one's dignity and individuality and develop diversity Promoting diversity and guaranteeing inclusion Achieving gender equality Promoting employment for people with disabilities 37 2021 Annual Results Supporting the safety and well-being of our employees Ensuring health and safety at work Safeguarding the well-being of employees Listening to and engaging with employees Transmitting our World heritage's savoir-faire Shaping the future of the Group Consolidating and passing on savoir-faire Developing employee skills Committing to a better society Supporting employment, entrepreneurship and local development Facilitating professional integration and access to education Supporting vulnerable populations LVMH#38LVMH Louis Vuitton

Download to PowerPoint

Download presentation as an editable powerpoint.

Related

Second Quarter 2022 Earnings Presentation image

Second Quarter 2022 Earnings Presentation

Consumer

TATA CONSUMER PRODUCTS Earnings Update image

TATA CONSUMER PRODUCTS Earnings Update

Consumer

Aeva Results Presentation Deck image

Aeva Results Presentation Deck

Consumer

Despegar Investor Day Presentation Deck image

Despegar Investor Day Presentation Deck

Consumer

Vroom Investor Day Presentation Deck image

Vroom Investor Day Presentation Deck

Consumer

Solo Brands IPO Presentation Deck image

Solo Brands IPO Presentation Deck

Consumer

Arrival Results Presentation Deck image

Arrival Results Presentation Deck

Consumer

Bed Bath & Beyond Results Presentation Deck image

Bed Bath & Beyond Results Presentation Deck

Consumer