LVMH Results Presentation Deck

Increase 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

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