#1LVMH Annual General Meeting 2023 April 20th, 2023 A} Louis Vuitton#2Bernard Arnault#32022: a new record year, particularly for Fashion & Leather Goods business group 3 REVENUE 79.2bne | 2023 Annual General Meeting PROFIT FROM RECURRING OPERATIONS 21.1bne bn€ OPERATING MARGIN 26.6% OPERATING FREE CASH FLOW 10.1bne GEARING € 16.2% LVMH#4www.w Jean-Jacques Guiony#52022 Revenue up 23% 2022 evolution of revenue (in million of euros) 5 64 215 2021 2023 Annual General Meeting Organic growth + 17% Structure impact 0% + 23% Currency effect + 6% 79 184 2022 LVMH#6Q1 2023 organic revenue up 17 % Q1 2023 evolution of revenue (in million of euros) 6 18 003 Q1 2022 2023 Annual General Meeting Organic growth + 17% Structure impact 0% + 17% Currency effect 0% 21 035 Q1 2023 LVMH#7A 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 7 2023 Annual General Meeting 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#8Only group present in all luxury sectors 2022 revenue breakdown by business group (in % of total revenue) 8 19% vs 19% in 2021 SELECTIVE RETAILING & OTHER ACTIVITIES 13% vs 14% in 2021 WATCHES & JEWELRY 10% vs 10% in 2021 PERFUMES & COSMETICS 2023 Annual General Meeting REVENUE BY BUSINESS GROUP 9% vs 9% in 2021 WINES & SPIRITS 49% vs 48% in 2021 FASHION & LEATHER GOODS LVMH#9Double-digit organic revenue growth in all business groups 2022 revenue by business group (in million of euros) 9 Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Other activities & eliminations Total LVMH 2021 2023 Annual General Meeting 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#10Group share of net profit exceeded 14 billion euros in 2022 Summarized income statement (in million of euros) 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 10 2023 Annual General Meeting 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#11Profit from recurring operations over 21 billion euros up 23% versus 2021 Profit from recurring operations by business group (in million of euros) Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Other activities & eliminations Total LVMH Operating margin (%) 11 2023 Annual General Meeting 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#12Strong operational improvement and positive currency impact Evolution of profit from recurring operations (in million of euros) 17151 2021 12 2023 Annual General Meeting Organic growth 2 924 M€ Structure impact 52 M€ + 23% vs 2021 Currency effect 928 M€ 21 055 2022 LVMH#13Strong 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 Progress in total equity linked to increased net result and impact of currency change Share buybacks 13 2023 Annual General Meeting 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#14Operating free cash flow exceeded 10 billion euros in 2022 Analysis of free cash flow operations (in million of euros) 14 Cash from operations before changes in working capital Net cash from operating activities Operating investments Operating free cash flow* 2021 2023 Annual General Meeting 22 621 18 648 (2 664) 13 531 2022 26 770 * Before available for sale financial assets and investments, transactions relating to equity and financing activities. 17 833 (4 969) 10 113 Change (M€) 4 149 (815) (2 305) (3 418) LVMH#15Gearing of 16% Net financial debt (in million of euros) Gearing 7153 24% 31/12/2017 15 2023 Annual General Meeting 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#162022 dividend of 12 euros Gross dividend per share (in euros) Average annual growth rate over 5 years +19% 5,00 2017 6,00 16 2023 Annual General Meeting 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#17Share price evolution since December 31, 2021 Performance between Dec 31, 2021, and April 14, 2023 150 140 130 120 110 100 90 80 70 60 50 31/12/2021 17 2023 Annual General Meeting 31/01/2022 28/02/2022 31/03/2022 mm 30/04/2022 31/05/2022 30/06/2022 LVMH •CAC 40 31/07/2022 mmm 31/08/2022 30/09/2022 31/10/2022 30/11/2022 www 31/12/2022 31/01/2023 28/02/2023 31/03/2023 + 23% + 5% LVMH#18Bernard Arnault#192022 key highlights Louis Vuitton#20Record performance in 2022 79.2bn€ 2022 REVENUE +23% 21.1bn€ 2022 PROFIT FROM RECURRING OPERATIONS +23% Record performance in a still disrupted environment Outstanding level of operating free cash flow exceeding 10bn€ Significant organic revenue growth in all business groups Continued growth in Europe, Japan and the US; Asia stable due to health situation in China 20 2023 Annual General Meeting Br 111 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 DACHALOV LVMH#21A strong social economic footprint in France and around the world The first private recruiter in the country More than 15 000 people recruited in France in 2022 39,000 young people recruited in the world in 2022 In France, one job created directly by LVMH generates four for the French economy Around 160,000 people working indirectly for the Group > More than 500 stores and 110 manufacturing facilities and workshops located across France Opening of several manufacturing facilities each year in France, notably for Louis Vuitton More than one billion euros invested in France each ■ ■ ■ ■ year ➤ 5 billion in corporation taxes paid worldwide, almost half of which in France The total fiscal footprint (corporation tax + VAT + social charges) of LVMH in France is more than 4.5 billion euros per year (average over the last few years) 21 2023 Annual General Meeting LVMH#22Strategy and outlook Louis Vuitton#232023 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 Creativity and excellence Stay true to our values and focus on creativity, quality and distribution of our products 23 2023 Annual General Meeting 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#24Chantal Gaemperle#25A long-term Human Resources philosophy with impactful results 2022 - Another record year Love -91 S 28 www g A > The A 25 2023 Annual General Meeting More than 196,000 employees in 2022, an unprecedent total workforce ■ ■ ➤ A strong commitment to young people Recruited 39,000 young talents under 30 years old (including 9,500 interns and apprentices) ➤ A culture of development and innovation supported by our talents A real employer promise on career opportunities within the Group 6,529 internal mobility of Executives and Managers in 2022 - 70% of key positions filled through internal mobility ■ An exceptional level of recruitment Close to 61,000 joiners in 2022 17,500 jobs created ■ LVMH#26A long-term Human Resources philosophy with impactful results 2022 - Another record year 26 2023 Annual General Meeting ➤ Preservation and transmission of savoir-faire in more than 280 Métiers d'Excellence ■ ■ ■ ➤ Diversity and inclusion; everyone's business 45% of women in key positions (23% in 2007), 18 women at the head of Maisons/Divisions, new global commitment for pay equity by 2025 ▪ Launch of digital training on unconscious biases available to all talents ■ More than 130 initiatives for gender equity and LGBTI+ inclusion identified by the Inclusion Index within Maisons and regions Signature of L'Autre Cercle's LGBT+ Engagement Charter by the Group and 21 of its Maisons ■ Launch of the first You and ME tour, recruiting event for Métiers d'Excellence in France (2,500 visitors in 5 cities) with Tony Parker as ambassador of the event Training through apprenticeship within the IME: 450 new apprentices welcomed in 7 countries, first program in the US- 2,000 apprentices trained in 30 crafts since 2014 Raised awareness of 1,600 middle school students in France and Italy ■ LVMH#27A long-term Human Resources philosophy with impactful results 2022 - Another record year 27 2023 Annual General Meeting ➤ Shared our HR savoir-faire by supporting those who need a second chance: LIVE - l'Institut des Vocations pour l'Emploi Health, safety and well-being of our employees, our priority After the signature of the Health & Safety Charter, continued improvements of KPIs in this area ➤ Strengthened solidarity actions Almost two years after the launch of the LVMH Heart Fund, more than 4,000 employees in 50 countries benefited from social and psychological support or financial assistance ■ More than 900 partnerships with associations in 2022 - 46,215 employees involved in a CSR action- more than 1 million people helped LVMH#2856 3 Antoine Arnault#29LIFE 360: LVMH environmental strategy for new luxury BIODIVERSITY CLIMATE CREATIVE CIRCULARITY TRACEABILITY 29 2023 Annual General Meeting Regenerate biodiversity 2030 > 5 millions hectares of flora and fauna preserved Contribute to climate effort 2026 > 50% reduction in energy-related GHG emissions (baseline: 2019) 2030 > 55% reduction and/or avoidance of Scope 3 GHG emissions per unit of added value (baseline: 2019) Combining sustainability and desirability 2030 > 100% of new products covered by a sustainable design approach Traceability and transparency, guarantee of excellence 2030 > 100% of strategic supply chains covered by a dedicated traceability system LVMH#30TURKEY For regenerative cotton agriculture#31LVMH CHAD CIRCULAR BIOECONOMY ALLIANCE The fight against desertification#3235 AUSTRALIA The sustainable Merino wool supply chain#33AUSTRALIA The conservation of 400,000 hectares by Louis Vuitton & People for Wildlife#34FRANCE The regenerative culture of roses in Grasse#35FRANCE The Living Soils of Moët Hennessy#36EQUADOR & PERU The restoration of forest cover#37TO REZ ÓCULOS DA MOSAICO interative BRAZIL The reforestation in Amazon region with local populations/Unesco#38Ž 4 ÉTEINDRE LES LUMIÈRES EN QUITTANT LA PIÈCE 3 * 6 10 COMPORTEMENTS AU TRAVAIL PRÉFÉRER LES ESCALIERS SUPPRIMER LES FICHIERS OBSOLETES En soir plus LIFE MO ÉVITER DE BRANCHER DES ÉQUIPEMENTS SUPPLÉMENTAIRES MODULER LES TEMPÉRATURES ET CHOISIR LES VÊTEMENTS ADÉQUATS IMPRIMER SEULEMENT SI NÉCESSAIRE NOUS N'AVONS PAS LE LUXE D'ATTENDRE Chaque geste compte dans le combat contre le réchauffement climatique crise énergétique. Afin d'atteindre notre objectif environnemental LIFE360, nous devons réduire de 10% la consommation d'énergie du Groupe dici octobre 2023. Merci de nous y alder. RÉDUIRE LA LUMINOSITÉ DES ÉCRANS 5 10 LVMH ÉVITER LES PIÈCES JOINTES DANS LES E-MAILS 8 DEBRANCHER VOS APPAREILS LE SOIR UTILISER L'APPLICATION ECOWATT CHEZ SOI Energy sobriety: everyone's business#39An active partnership with Hang Lung Properties shopping centers#40ANZER AQUA ALLEGORIA PAMPLELUNE Guerlain AQUA ALLEGORIA FLORA CHERRYSIA Guerlain DIOR COUTURE Dior x Parley For The Oceans GUERLAIN Aqua Allegoria AQUA ALLEGORIA HERBA FRESCA Guerlais AQUA ALLEGORIA MANDARINE BASILIC Guerlain CREATIVE CIRCULARITY AQUA ALLEGORIA GINGER PICCANTE Guerlain AQUA ALLEGORIA BERGAMOTE CALABRIA Guerlain AQUA ALLEGORI PERA GRAND Guerlais 125 Ruinart CHAMEMN BB RUINART & VEUVE CLICQUOT NO NA source 250 CHAMPAGNE Veuve Clicquot BRUT MAISON FORBERAN 1774#41Environmental excellence/2022 results of LIFE 360 1.37M hectares preserved or restored BIODIVERSITY CLIMATE CREATIVE CIRCULARITY TRACEABILITY 2023 Annual General Meeting -11% reduction in energy- related GHG emissions (baseline: 2019) -15% reduction in GHG emissions related to Scope 3 (baseline: 2019) 39% Recycled materials in customers packaging 91% of leather coming from LWG certified tanneries (+10 versus 2021) 71% of certified cotton (+10 versus 2021) 47% renewable energy in the Group's energy mix (+8) 100% of French vineyard certified Sustainable Viticulture LVMH#42LVMH Annual General Meeting 2023 A} Louis Vuitton#43Auditors' reports to the combined shareholders' meeting Louis Vuitton#44Statutory auditors' reports Ordinary Annual Shareholders' Meeting ➤ Report on the parent company financial statements > Report on the consolidated financial statements ➤ Special report on regulated related party agreements Extraordinary Annual Shareholders' Meeting ➤4 special reports related to transactions on the share capital 44 2023 Annual General Meeting LVMH#45Reports on LVMH parent company (1st resolution) Pages 329 to 333 of the translation of the French "Document d'enregistrement universel" Key audit matters ➤ Valuation of equity investments, Provisions for contingencies and losses In our opinion, the parent company financial statements give a true and fair view of the assets and liabilities and of the financial position of the Company as of December 31, 2022 and of the results of its operations for the fiscal year then ended in accordance with French accounting principles. 45 2023 Annual General Meeting LVMH#46Reports on the consolidated financial statements (2nd resolution) Pages 297 to 301 of the translation of the French "Document d'enregistrement universel" Key audit matters valuation of fixed assets, in particular intangible assets valuation of inventories and work in progress provision for contingencies and losses and uncertain tax positions In our opinion, the consolidated financial statements give a true and fair view of the assets and liabilities and of the financial position of the Group as of December 31, 2022, and of the results of its operations for the fiscal year then ended in accordance with International Financial Reporting Standards as adopted by the European Union. 46 2023 Annual General Meeting LVMH#47Special report on regulated related party agreements (4th resolution) Pages 334 and 335 of the translation of the French "Document d'enregistrement universel" No regulated related party agreement entered into and authorized by your Board of Directors during the year. The agreements and commitments authorized in prior years and which remained in force in 2022 are also presented in our special report. 47 2023 Annual General Meeting LVMH#48Special reports regarding transactions on the capital Authorizations granted to the Board of Directors Authorization to decrease the share capital Authorization to increase the share capital by issuing new shares/securities Authorization to grant stock subscription or stock options to employees and/or corporate officers of the Company and affiliated entities up to a limit of 1% of the Company's share capital. Authorization to increase the share capital for the benefit of employees who are members of a corporate savings plan of the Group up to a limit of 1% of the Company's share capital. 48 Resolution 20 2023 Annual General Meeting Resolutions 22 to 27 Resolution 28 We have nothing to report on these transactions, which comply with the conditions provided by the French Commercial Code. Resolution 29 LVMH#49LVMH Annual General Meeting 2023 April 20th, 2023 A} Louis Vuitton