Investor Presentaiton

RESTATED CASH FLOW STATEMENT 2018 in €M 2019 restated Operating cash flows 2,063 1,863 Change in working capital 24 77 Cash flows related to operating activities 2,087 1,940 Operating investments (478) (312) Repayment of lease liabilities (203) (180) Adjusted free cash flow 1,406 1,447 Financial investments (13) (8) Dividends paid (487) (958) Treasury share buybacks net of disposals (53) (60) Sale of property 69 Other changes 93 75 Change in net cash position 946 565 Closing restated net cash position Opening restated net cash position 4,562 3,615 3,615 3,050 HERMÈS 2019 RESULTS /34

View entire presentation