#1LVMH 2022 Annual Results January 26, 2023 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 1 Disclaimer LVMH#301 Bernard Arnault Louis Vuitton#4Record performance in 2022 79.2bn€ 2022 REVENUE +23% 21.1bn€ 2022 PROFIT FROM RECURRING OPERATIONS +23% Record performance in a still disrupted environment 4 Outstanding level of operating free cash flow exceeding 10bn€ 2022 Annual Results Significant organic revenue growth in all business groups Continued growth in Europe, Japan and the US; Asia stable due to health situation in China Ber Strong growth of Fashion & Leather Goods business group, especially for Louis Vuitton, Christian Dior, Celine, Fendi, Loro Piana, Loewe and Marc Jacobs, reaching record levels of revenue and earnings Continued creative momentum by all Watches & Jewelry Maisons, particularly Tiffany, Bulgari and TAG Heuer Outstanding growth of Wines & Spirits, reflecting value creation strategy Strong rebound of Sephora, reaffirming its leadership position as beauty products retailer DFS impacted by health situation in China PAC HAN LVMH#5Ongoing progress in delivering on commitments 5 Focusing on key action areas Respecting each one's dignity and individuality 45 % of women working at Group key positions (vs. 23% in 2007) with an objective to reach 50% by 2025 Supporting the safety and well-being of employees 100 % of Maisons signed the LVMH "Health & Safety" Charter 2022 Annual Results Transmitting our World heritage's savoir-faire > 2,000 apprentices trained by the IME across 7 countries (France, Switzerland, Italy, Spain, Germany, Japan and the US), since its creation in 2014 Committing to a better society > 1 million people helped throughout the year with €57m donated to charitable organizations, foundations or initiatives. Putting the environment at the heart of creativity Creative circularity 39% of recycled raw materials in packaging (LIFE 360 objective by 2030: 70%) Data as of December 31, 2022 100 % 71 % 91% 99.5 % Cotton Leather Diamonds French vineyards Traceability Strategic raw materials certified (LIFE 360 objective by 2026: 100%) Biodiversity 1.37 million hectares of preserved fauna and flora habitat (LIFE 360 objective by 2030: 5M hectares) Climate AAA CDP (Carbon Disclosure Project) Climate, Forest and Water rating LVMH#602 Business groups review Louis Vuitton#7Wines & Spirits - Excellent performance for champagne; Hennessy driven by its value strategy REVENUE CHAMPAGNE & WINES + 24% vs 2021 Champagne & Wines Sustained growth in key markets - Strong demand in Europe, Japan and emerging countries led to increasing supply constraints - Dynamic price increase policy - First full year integration of Armand de Brignac - Great performance of still wines, particularly Château d'Esclans - Acquisition of Joseph Phelps Vineyards in Napa Valley, California 7 2022 Annual Results Wines & Spirits REVENUE COGNAC & SPIRITS + 14% vs 2021 Cognac & Spirits Progress of Hennessy, driven by its value strategy - Exceptionally high comparison basis for Hennessy - US impacted by logistic constraints at beginning of the year; impact of health crisis in China - Strengthening of Hennessy and NBA partnership - Strong progress of Glenmorangie and Ardbeg whiskies - Excellent performance of Belvedere vodka, new campaign with actor Daniel Craig LVMH#8Fashion & Leather Goods - Outstanding performance of our bigger brands, particularly Louis Vuitton, Christian Dior, Celine and Loewe Louis Vuitton Outstanding performance driven by quality of products and links with art and culture - Major success of Nicolas Ghesquière's fashion shows - Tribute fashion show in Paris and Bangkok, in memory of Virgil Abloh - Inauguration of two new workshops in France - 20-year anniversary celebration of iconic Tambour watch with launch of Tambour Twenty - Opening of << LV dream » exhibition in Paris and New York 8 Christian Dior Couture Great success of all product categories Outstanding opening of Maison Dior 30 Avenue Montaigne in Paris, after three years of renovation - Spectacular live fashion shows created by Maria Grazia Chiuri and Kim Jones << Diorisation » of Harrods in London at the end of the year << Christian Dior : Couturier du Rêve » exhibition travels to Tokyo 2022 Annual Results Fashion & Leather Goods Celine Loewe Fendi EWE LOEWE LO Celebration of 25th anniversary of iconic bag Baguette at New York fashion show; two new workshops in Italy Loro Piana Success of Loro Piana style and extreme quality of products Marc Jacobs Impressive performance in the US; strong momentum of online sales Strong rebound with resumption of travel and expansion of own stores network Rimowa Great impact of Hedi Slimane creations, image and desirability Bold fashion shows designed by JW Anderson; strengthened store network in the US LVMH#9Perfumes & Cosmetics - Ongoing success of perfume; impact of health situation in China and focus on selective distribution Parfums Christian Dior Strong momentum in all key markets - Sauvage, worldwide leader in perfume in all categories Ongoing success of iconic perfumes Miss Dior and J'Adore Successful relaunch of Dior Homme Sport - Enhanced La Collection Privée with first creations of Francis Kurkdjian New lipsticks, refillable Dior Addict and transfer-proof Rouge Dior Forever Vitality of premium skincare, especially Prestige and L'Or de Vie 9 2022 Annual Results - Perfumes & Cosmetics Guerlain Parfums Givenchy Benefit Fresh AQUA ALLEGORIA GUERLAIN Strong momentum of Aqua Allegoria and L'Art & La Matière; success of skincare line Abeille Royale Confirmed success of L'Interdit; new Eau de toilette fraîche for Irresistible L'INTERDIT GIVENCHY Innovative Brow Lamination service, rolled-out in Eyebrow Bars; new collection of blush- powder Wanderful World New serum Tea Elixir, boosting skin's resilience to stress PG Maison Francis Kurkdjian Acqua di Parma Officine Universelle Buly Fenty Beauty 724 Lai dzatun Success of perfume Baccarat Rouge 540 and successful launch of 724 Excellent performance of Home collection; new best-seller Colonia C.L.U.B Expansion in Japan (5 openings) Extension of distribution and success of launches LVMH#10Watches & Jewelry - Rapid advances in jewelry and watches Tiffany A record year Great success of Lock collection launched in North America - Development of two iconic lines 7 and HardWear Doubled revenue in High Jewelry - Roll-out of new concept stores - Reopening of Fifth Avenue flagship store in New York planned for H1 2023 10 | 2022 Annual Results Watches & Jewelry Bvlgari Strong momentum in own stores Good momentum of iconic line Serpenti and great success of High Jewelry collection Eden: The Garden of Wonders New record for slimmest watch for Octo Finissimo Ultra - "Inside the Dream" movie on creation and manufacture of jewelry - Launch of first contemporary art NFTs TAG Heuer First solar-powered watch for Aquaracer and new Carrera Plasma, avant-garde fusion of watchmaking and lab-grown diamonds Hublot Chaumet Fred Zenith Official Timekeeper of the 2022 Soccer World Cup; new third generation connected watch Big Bang e FIFA World Cup Qatar 2022TM Record attendance for the « Végétal » exhibition at Palais des Beaux-Arts of Paris Very strong revenue growth; first retrospective exhibition of the Maison in Paris Development of own store network and new markets for online sales LVMH#11War Selective Retailing - Excellent performance of Sephora, DFS still impacted by health crisis in China AJALIW NR): SEPH Sephora Record revenue and earnings Market share gains Strong growth of in-store revenue - Continued investments in logistics and omnichannel strategy - Continued roll-out of Sephora in Kohl's stores in the US; inauguration of iconic store in Qatar and concept store << Store of the future » in Singapore Divestiture of subsidiary in Russia 11 | 2022 Annual Results Selective Retailing SAMARITAINE DFS Activity still impacted by health situation in China - Hong Kong and Macau particularly impacted with suspension of domestic travel from China - Opening of T Galleria in Queenstown in New Zealand - Good performance in Japan and Middle-East - Confirmed appeal of La Samaritaine Pont-Neuf in Paris with local and international customers Le Bon Marché Solid momentum with revenue above 2019 level - Good growth of local and international clientele - Several cultural events: exhibition « Su » of Mehmet Ali Uysal, collaboration with Philippe Katerine, concerts, immersive theater... -Success of new digital platform of services and experiences LVMH#1203 2023 Outlook Louis Vuitton#132023 objective: further increase LVMH's global leadership position Commitment Continue to execute on Group's commitments to Confidence Continue growth momentum of our Maisons and build their desirability over the long-term 13 | 2022 Annual Results 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 preserve the environment and corporate responsibility Support the prestige of France throughout the world Vigilance Maintain vigilance within current economic and geopolitical context and a still disrupted health situation, particularly in Asia Entrepreneurial spirit Build upon the entrepreneurial spirit and agility of our organization LVMH#1404 Jean-Jacques Guiony Louis Vuitton#152022: a new record year, particularly for Fashion & Leather Goods business group REVENUE 79.2bne 15 2022 Annual Results PROFIT FROM RECURRING OPERATIONS 21.1bne bn€ OPERATING MARGIN 26.6% OPERATING FREE CASH FLOW 10.1bne GEARING € 16.2% LVMH#16Revenue up 23% 2022 evolution of revenue (in million of euros) 16 | 64 215 2021 Organic growth 2022 Annual Results + 17% Structure impact 0% + 23% Currency effect + 6% 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 2022. 79 184 2022 LVMH#17A well balanced geographic revenue mix 2022 revenue breakdown by region (in %) UNITED STATES 27% vs 26% in 2021 OTHER MARKETS 12% vs 11% in 2021 17 2022 Annual Results FRANCE 8% vs 6% in 2021 EUROPE (excl. France) 16% vs 15% in 2021 ASIA (excl. Japan) 30% vs 35% in 2021 79.2bn€ REVENUE JAPAN 7% vs 7% in 2021 LVMH#18Sharp increase of revenue in Europe, the US, and Japan; Asia still impacted in Q4 by health situation in China Quarterly revenue change by region (in %) organic change versus same period of 2021 + 26% 18 | United States +22% + 11% 2022 Annual Results 7% 15% Q1 2022 + 30% + 37% Q2 2022 Japan + 30% 29% Q3 2022 31% + 8% Q4 2022 Asia (excl. Japan) - 8% 2022 + 6% -8% 0% + 45% Europe + 48% +36% 22% 35% LVMH#19Double-digit organic revenue growth in all business groups 2022 revenue by business group (in million of euros) 19 Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Other activities & eliminations Total LVMH 2021 2022 Annual Results 5 974 30 896 6 608 8 964 11 754 19 64 215 2022 7 099 38 648 7 722 10 581 14 852 282 79 184 2022 vs 2021 Reported + 19% + 25% + 17% + 18% + 26% + 23% Organic* + 11% + 20% + 10% + 12% + 17% + 17% * with comparable structure and exchange rates. The structural impact for the Group compared to 2021 was flat and the currency effect was +6%. LVMH#20Good quarterly evolution on high comparison basis Organic revenue change by business group (en %) versus same period of 2021 2022 vs 2021 20 | Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Total LVMH 2022 Annual Results Q1 2022 + 2% + 30% + 17% + 19% + 24% + 23% Q2 2022 + 30% + 19% + 8% + 13% + 20% + 19% H1 2022 + 14% + 24% + 13% + 16% + 22% + 21% Q3 2022 + 14% + 22% + 10% + 16% + 15% + 19% Q4 2022 + 4% + 10% + 5% + 3% + 12% + 9% H2 2022 + 9% + 15 % + 7% + 9% + 14% + 13% FY 2022 + 11% + 20% + 10% + 12% + 17% + 17% LVMH#21Group share of net profit exceeded 14 billion euros in 2022 Summarized income statement (in million of euros) 21 2022 Annual Results Revenue Gross margin Marketing and selling expenses General and administrative expenses Equity investment income Profit 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 2021 64 215 43 860 (22 308) (4 414) 13 17 151 4 17 155 53 (4 510) 12 698 (662) 12 036 2022 79 184 54 196 (28 151) (5 027) 37 21 055 (54) 21 001 (888) (5 362) 14 751 (667) 14 084 Change vs 2021 + 23% + 24% + 26% + 14% + 23% ns + 22% + 19% + 16% + 17% LVMH#22Profit from recurring operations over 21 billion euros up 23% versus 2021 Profit from recurring operations by business group (in million of euros) 22 | Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Other activities & eliminations Total LVMH Operating margin (%) 2022 Annual Results 2021 1 863 12 842 684 1 679 534 (451) 17 151 26.7% 2022 2 155 15 709 660 2 017 788 (274) 21 055 26.6% Variation vs 2021 + 16% + 22% - 3% + 20% + 48% ns + 23% LVMH#23Strong operational improvement and positive currency impact Evolution of profit from recurring operations (in million of euros) 23 | 17151 2021 2022 Annual Results Organic growth 2 924 M€ Structure impact 52 M€ + 23% vs 2021 Currency effect 928 M€ 21 055 2022 LVMH#242022 financial result impacted by evolution of financial markets Change in net financial result (in million of euros) 24 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 2022 Annual Results 2021 41 (242) (206) 499 (39) 53 2022 (17) (254) (358) (225) (34) (888) Change (M€) - 58 - 12 - 152 724 + 5 941 LVMH#25Strong financial structure Changes compared to December 31, 2021 Stable intangible assets, positive currency and structure effects offset impact of revaluation of purchase commitments of minority interests ➤ Increased tangible assets principally linked to investments in store network, production facilities and acquisitions of real estate Increased inventories to support progress in business activity and inflation expectations 25 | Progress in total equity linked to increased net result and impact of currency change Share buybacks 2022 Annual Results Non current assets Inventories Other current assets 135 bn€ 70% 15% 15% Assets December 31, 2022 135 bn€ 42% 35% 23% Liabilities Total equity Non current liabilities Current liabilities LVMH#26Operating free cash flow exceeded 10 billion euros in 2022 Analysis of free cash flow operations (in million of euros) 26 | 2021 2022 Annual Results 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* * Before available for sale financial assets and investments, transactions relating to equity and financing activities. 22 621 2022 71 (231) (4 239) 426 18 648 (2 664) (2 453) 13 531 26 770 (74) (240) (5 604) (3 019) 17 833 (4 969) (2 751) 10 113 Change (M€) 4 149 (145) (9) (1 365) (3 445) (815) (2 305) (298) (3 418) LVMH#27Gearing of 16% Net financial debt (in million of euros) Gearing 7153 24% 31/12/2017 27 2022 Annual Results 5 487 16% 31/12/2018 6 206 16% 31/12/2019 4 241 11% 31/12/2020 9 607 20% 31/12/2021 9 201 16% 31/12/2022 LVMH#282022 dividend of 12 euros Gross dividend per share (in euros) Average annual growth rate over 5 years +19% 5,00 2017 6,00 28 2022 Annual Results 2018 * Will be proposed at the Annual General Meeting of April 20, 2023 4,80 2019 6,00 2020 10,00 2021 12,00 2022 LVMH#2905 Annex Louis Vuitton#30Organic revenue change by region and by quarter (in %) 2022 vs 2021 United States Japan Asia (excl. Japan) Europe Total LVMH 2021 vs 2020 United States Japan Asia (excl. Japan) Europe Total LVMH 30 2022 Annual Results Q1 2022 + 26% + 30% + 8% + 45% + 23% Q1 2021 + 23% + 8% + 86% - 9% + 30% Q2 2022 + 22% + 37% - 8% + 48% + 19% Q2 2021 x 2.1 X 2.1 + 55% + 87% + 84% H1 2022 + 24% + 33% + 1% + 47% + 21% H1 2021 + 60% + 42% + 70% + 25% + 53% Q3 2022 + 11% + 30% + 6% + 36% + 19% Q3 2021 + 28% + 15% + 12% + 23% + 20% Q4 2022 + 7% + 29% - 8% + 22% + 9% Q4 2021 + 34% + 26% + 16% + 33% + 27% H2 2022 + 9% + 30% - 2% + 28% + 13% H2 2021 + 32% + 21% + 14% + 28% + 24% 2022 + 15% + 31% 0% + 35% + 17% 2021 + 44% + 29% + 37% + 27% + 36% LVMH#31Organic revenue change by business group (in %) 2022 vs 2021 Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Total LVMH 2021 vs 2020 Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Total LVMH 31 2022 Annual Results Q1 2022 + 2% + 30% + 17% + 19% + 24% + 23% Q1 2021 + 36% + 52% + 18% + 35% - 5% + 30% Q2 2022 + 30% + 19% + 8% + 13% + 20% +19% Q2 2021 + 55% X 2.2 + 67% x 2.2 + 31% + 84% H1 2022 + 14% + 24% + 13% + 16% + 22% + 21% H1 2021 + 44% + 81% + 37% + 71% + 12% + 53% Q3 2022 + 14% + 22% + 10% + 16% + 15% + 19% Q3 2021 + 10% + 24% + 19% + 18% + 15% + 20% Q4 2022 + 4% + 10% + 5% + 3% + 12% + 9% Q4 2021 + 18% + 28% + 20% + 21% + 30% + 27% H2 2022 + 9% + 15% + 7% + 9% + 14% + 13% H2 2021 + 14% + 26% + 19% + 20% + 24% + 24% 2022 + 11% + 20% + 10% + 12% + 17% + 17% 2021 + 26% + 47% + 27% + 40% + 18% + 36% LVMH#32Revenue by business group (in million of euros) 2022 Q1 2022 Q2 2022 H1 2022 Q3 2022 Q4 2022 H2 2022 2022 2021 Q1 2021 Q2 2021 H1 2021 Q3 2021 Q4 2021 H2 2021 2021 Champagne & Wines 706 798 1 504 32 2022 Annual Results 894 1 076 1 970 3 474 Champagne & Wines 549 580 1 129 694 970 1 664 2 793 Cognac & Spirits 932 891 1 823 1 005 797 1 802 3 625 Cognac & Spirits 961 615 1 576 852 753 1 605 3 181 Wines & Spirits 1 638 1 689 3 327 1 899 1 873 3 772 7 099 Wines & Spirits 1 510 1 195 2 705 1 546 1 723 3 269 5 974 Fashion & Leather Goods 9 123 9 013 18 136 9 687 10 825 20 512 38 648 Fashion & Leather Goods 6 738 7 125 13 863 7 452 9 581 17 033 30 896 Perfumes & Cosmetics 1 905 1 714 3 618 1 959 2 145 4 104 7 722 Perfumes & Cosmetics 1 550 1 475 3 025 1 642 1941 3 583 6 608 Watches & Jewelry 2 338 2 570 4 909 2 666 3 006 5 673 10 581 Watches & Jewelry 1 883 2 140 4 023 2 137 2 804 4 941 8 964 Selective Retailing 3 040 3 591 6 630 3 465 4 757 8 222 14 852 Selective Retailing 2 337 2 748 5 085 2 710 3 959 6 669 11 754 Other activities & eliminations (41) 149 109 79 93 172 282 Other activities & eliminations (59) 23 (36) 25 30 55 19 As table totals are calculated based on unrounded figures, there may be slight discrepancies between these totals and the sum of their component figures. Total 18 003 18 726 36 729 19 755 22 699 42 455 79 184 Total 13 959 14 706 28 665 15 512 20 038 35 550 64 215 LVMH#33LVMH Louis Vuitton