NET FINANCIAL DEBT AND FREE CASH FLOW
(In millions of euros)Net financial debtFree cash flowGearing 7 153
* Belmond shares deducted from net financial debt (€274m)
2020 PROFIT FROM RECURRING OPERATIONS 11%
Other markets
24%United States
8%France
34%Rest of Asia
7%Japan
16%Rest of Europe
2020 REVENUE BY REGION
Louis Vuitton
€Million Operating margin
Wines & Spirits 1 388 29.2%Fashion & Leather Goods 7 188 33.9%Perfumes & Cosmetics 80 1.5%Watches & Jewelry 302 9.0%Selective retailing (203) (2.0%)Other and eliminations (450) naTOTAL LVMH 8 305 18.6%
23%Selective retailing and
other activities
47%Fashion & Leather Goods
11%Wines & Spirits
7%Watches &
Jewelry
12%Perfumes &
Cosmetics
2020 REVENUE BY BUSINESS GROUP
• Only group present in all luxury sectors• Good geographical balance of revenue• Quality and creativity of teams• Solid financial structure
KEY STRENGTHS
75Maisons
THE WORLD’S LEADING LUXURY GOODS GROUP
€44.7 bn2020 revenue
5 003stores
€8.3 bn2020 profit fromrecurring operations
80countries
3 244
5 4876 206*
4 2413 9114 696
5 4526 167 6 117
12%
24%16% 16%
11%
2016 2017 2018 2019 2020
STRONG COMMITMENTS IN TERMS OF SOCIAL AND ENVIRONMENTAL RESPONSABILITY
CSR
• Respecting each one’s dignity and individuality
• Supporting the safety and well-being of employees
• Transmitting our World heritage’s savoir-faire
• Committing to a better society
LIFE 360
• Combine circularity and creativity
• Act to regenerate biodiversity
• Contribute to climate effort
• Strengthen traceability policies
2020 revenue by geographic region In %
18%Rest of Europe
19%Rest of Asia
41%United States
6%Japan
5%France
11%Other markets
Million of bottlesSales in volumeChampagne 64.7 52,4Cognac 98.7 94,6
EURO millions 2019 2020Revenue 5 576 4 755Profit from recurring op. 1 729 1 388Operating margin 31.0% 29.2%Operating investments 325 320
2020 revenue by geographic region In %
18%Rest of Europe
39%Rest of Asia
19%United States10%
Japan
5%France
9%Other marketsEURO millions 2019 2020
Revenue 22 237 21 207Profit from recurring op. 7 344 7 188Operating margin 33.0% 33.9%Operating investments 1 199 827Number of stores 2 002 2 007
2020 revenue by geographic region In %
20%Rest of Europe
43%Asie
(hors Japon)8%United States
12%Japan
4%France
13%Other marketsEURO millions 2019 2020
Revenue 4 405 3 356Profit from recurring op. 736 302Operating margin 16.7% 9.0%Operating investments 296 210Number of stores 457 471
EURO millions 2019 2020Revenue 6 835 5 248Profit from recurring op. 683 80Operating margin 10.0% 1.5%Operating investments 378 280Number of stores 426 434
2020 revenue by geographic region In %
9%Rest of Europe
27%Rest of Asia
35%United States
1%Japan
13%France
15%Other marketsEURO millions 2019 2020
Revenue 14 791 10 155Profit from recurring op. 1 395 (203)Operating margin 9.4% (2.0%)Operating investments 659 410Number of stores 2 011 2 072
2020 revenue by geographic region In %
18%Rest of Europe
14%United States5%
Japan
9%France
9%Other markets
45%Rest of Asia
HennessyChristian Dior
Guerlain
BvlgariSephora
FASHION & LEATHER GOODS
PERFUMES & COSMETICS
WATCHES & JEWELRY
SELECTIVE RETAILING
WINES & SPIRITS
*
OTHER ACTIVITIES
* Acquisition completed on January 7, 2021
