JEAN-PAUL AGON

Chairman & Chief Executive Officer

KEPLER CHEUVREUX September 8th, 2020

1L'Oréal worldwide beauty market estimates, excluding razors, soaps and toothpastes. H1-2020 provisional estimates, at constant exchange rates. 2H1-2020 like-for-like sales growth.

-21.3%

≃-28%

-16.8% ≃-23%

1L'Oréal worldwide beauty market estimates, excluding razors, soaps and toothpastes. H1-2020 provisional estimates, at constant exchange rates. 2H1-2020 like-for-like sales evolution.

OUTPERFORMING

IN SKINCARE

1Like-for-like sales evolution. 2L'Oréal worldwide beauty market estimates, excluding razors, soaps and toothpastes. H1-2020 provisional estimates, at constant exchange rates.

RECORD GROWTH

IN H1

ACCELERATION EVEN AS STORES RE-OPENSTRONG ACCELERATION

OUTSIDE OF ASIA

September 8th, 2020 1Like for like sales growth. Sales achieved on our brands' own websites + estimated sales achieved by our brands corresponding to sales through our retailers' websites (non audited data)

H1-2019

1Diluted earnings per share, excluding non-recurring items, after non-controlling interests.

H1-2020

HIGH GROSS MARGIN

1Selling, general and administrative expenses

H1-2019

H1-2020

SUSTAINED A&P INVESTMENTS IN RELATIVE VALUE

H1-2019

H1-2020

Freeze receivables from more than 100,000 small professional clients and perfumeries

Shortening leadtime of payments to 9,000 most vulnerable suppliers

NO FURTHER LOCKDOWN CONSUMERS ARE BACK TO BEAUTY

ALL CHANNELSALL TOUCHPOINTS

MORE DIGITAL MEDIAMORE CONNECTIONS

TIGHTER COLLABORATION

WITH RETAILERS

STRONG JOINT BUSINESS PLAN

BACK TO BEAUTY PLAN WORLDWIDE EXECUTION

EVENTS TO CREATE

EXCITEMENT

SMART OFFERS TO DRIVE TRAFFIC

NEW RELATIONSHIP THANKS

TO STRONG SUPPORT DURING THE CRISIS

HUGE INCREASE IN ONLINE

SUPPORT & TRAINING

WINNING THE BATTLE FOR NEW SALONS AND STYLISTS

STRONG SHIFT TO SKINCARE

STRONG TRUSTED ASPIRATIONAL BRANDS WILL PREVAIL

WE ARE REINFORCING THE EQUITY OF OUR STAR BRANDS

STRICT COSTS CONTROL

PERMANENT TRANSFORMATION

DECISIVE PORTFOLIO

MANAGEMENT

H1 MEASURES MAINTAINED

FOR H2

TO MAXIMIZE ROI

TO MAXIMIZE EFFICIENCY

TO FOCUS ON WINNING ASSETS

  • • OUTPERFORM THE MARKET

  • • GET BACK TO POSITIVE LIKE-FOR-LIKE SALES GROWTH

6%

5%

4%

3%

2%

1%

0%1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

1L'Oréal worldwide beauty market estimates, excluding razors, soaps and toothpastes, at constant exchange rates.

NEW CONSUMERS

ARE ENTERING THE MARKETNEW CHANNELS ARE INCREASING ACCESS TO BEAUTYNEW BEAUTY NEEDS

ARE CREATING NEW DEMANDS

NEW CONNECTIONS

ARE ENGAGING MORE CONSUMERS

In 2020

We are determined to outperform the market, find again the path to growth if the sanitary conditions allow it, and deliver solid profitability.

------------------------- Disclaimer -------------------------

"This document does not constitute an offer to sell, or a solicitation of an offer to buy, L'Oréal shares. If you wish to obtain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers (which are also available in English on our Internet site: www.loreal-finance.com).This document may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements."

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L'Oréal SA published this content on 08 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2020 13:09:00 UTC