LVMH Shareholder Engagement Presentation Deck

Operating 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

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