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1、Nicolas HIERONIMUSChief Executive Officer31 July 2024STRONGFIRST HALFCONFIDENCEIN THE FULL YEAR&BEYONDOUTPERFORMINGA DYNAMIC BEAUTYMARKETLORAL H1 2024MARKET H1 2024+7.3%+5/6%121H1 2024 like-for-like sales growth.2LOral beauty market estimates based on manufacturers net prices,excluding soap,toothpas

2、tes,razors and blades.At constant exchange rate.GROWTH BALANCEDBETWEEN VALUE&VOLUMEMIX+3.3%LAST12QUARTERSPRICE+4.1%VOLUME+3.4%1Average growth over the last 12 quarters.111STRONG GROWTH IN ALL CHANNELS+7.2%OFFLINE+7.8%ONLINE1H1 2024 like-for-like sales growth for sales achieved on our brands own webs

3、ites+estimated sales achievedby our brands corresponding to sales through our retailers websites(non-audited data).11ALL DIVISIONS GROWING+8.9%+2.3%+16.4%+5.7%1H1 2024 like-for-like sales growth.1111OUTPERFORMINGTHE MARKET+8.9%LFL GROWTH+8%MARKET1H1 2024 like-for-like sales growth.2LOral beauty mark

4、et estimates based on manufacturers net prices,excluding soap,toothpastes,razors and blades.At constant exchange rate.12DEMOCRATIZATION&PREMIUMIZATION+7%VALUEVOLUME1H1 2024 like-for-like sales growth.1+2%1+10%+9%+14%+13%4 BIG BRANDS GROWING STRONGLY1H1 2024 like-for-like sales growth.11111H1 2024 li

5、ke-for-like sales growth.2Q1&Q2 2024 like-for-like sales growth.+2.3%H1 20241ACCELERATINGIN THE SECOND QUARTER+1.8%Q1 20242+2.8%Q2 20242FRAGRANCESREMAINVERY DYNAMICDRIVEN BY INNOVATIONMAKE-UP REBOUNDOUTPERFORMINGTHE MARKET+16.4%LFL GROWTH+9%MARKET121H1 2024 like-for-like sales growth.2LOral beauty m

6、arket estimates based on manufacturers net prices,excluding soap,toothpastes,razors and blades.At constant exchange rate.SUNCAREIMPACTDOUBLE-DIGIT GROWTH IN ALL REGIONSALL BRANDSGROWING,LED BY BOTHBILLIONAIREBRANDS1H1 2024 like-for-like sales growth.2LOral beauty market estimates based on manufactur

7、ers net prices,excluding soap,toothpastes,razors and blades.At constant exchange rate.+4%+5.7%12OUTPERFORMINGTHE MARKETLFL GROWTHMARKETINNOVATIONSTRONGOMNI-CHANNELEXPANSIONTO PURSUECONTINUING+14.7%EMERGING MARKETS+7.8%NORTH AMERICA-1.7%NORTH ASIA+11.1%EUROPEEXCEPT NORTH ASIAALL REGIONS ARE GROWINGMU

8、LTIPOLAR MODEL:11H1 2024 like-for-like sales growth.2Emerging Markets combine the Latin America and the SAPMENA-SSA Regions.1112TOP 3 GROWTH CONTRIBUTORSUSADACHMEXICO#1#3#2CONTINUINGIMPRESSIVE GROWTHTO DELIVEREUROPE+11.1%LFL GROWTH1MARKET+9%21H1 2024 like-for-like sales growth.2LOral beauty market e

9、stimates based on manufacturers net prices,excluding soap,toothpastes,razors and blades.At constant exchange rate.EMERGING MARKETS+14.7%LFL GROWTH1MARKET+12%216%OF SALESOF SALES GROWTH30%CONTINUINGTO LEAD1H1 2024 like-for-like sales growth.2LOral beauty market estimates based on manufacturers net pr

10、ices,excluding soap,toothpastes,razors and blades.At constant exchange rate.NORTH AMERICA+7.8%LFL GROWTH1MARKET+4%21H1 2024 like-for-like sales growth.2LOral beauty market estimates based on manufacturers net prices,excluding soap,toothpastes,razors and blades.At constant exchange rate.NORTH ASIA-1.

11、7%LFL GROWTH1CONTRASTING TRENDS1H1 2024 like-for-like sales growth.MAINLAND CHINANEGATIVE MARKET GROWTH-2/-3%MARKET H1+0.8%LORAL H1121LOral beauty market estimates based on manufacturers net prices,excluding soap,toothpastes,razors and blades.At constant exchange rate.2H1 2024 like-for-like sales gr

12、owth.IN 3 DIVISIONS OUTPERFORMANCEMAINLAND CHINAGROWTHVERY STRONGINCREASE IN SALESIN THE LAST 5 YEARSx3OF SALESIN MAINLAND CHINA11%MAINLAND CHINAHAINAN:GAINING SHAREIN A CHALLENGING ENVIRONMENT-30%11LOral beauty market estimates based on manufacturers net prices,excluding soap,toothpastes,razors and

13、 blades.At constant exchange rate.MARKET H1 SELL-OUTLORAL H1 SELL-OUT-26%ROBUST GROWTH IN THE REST OF NORTH ASIAEXTRA-FINANCIALPERFORMANCEVALIDATED IN APRIL 2024BASED ON SCIENCENEW CLIMATE OBJECTIVESIN THE FULL YEARCONFIDENCE&BEYONDCONTINUED GROWTHBEAUTY MARKET202020102011201220132014201520162017201

14、82019202120222009200020012002200320042005200620072008199920242023+4%+4%+5%+4%+4%+4%+4%+5%+6%+5%+8%-8%+5%+4%+5%+4%+4%+4%+5%+5%+3%+5%+1%+6%+8%1LOral beauty market estimates based on manufacturers net prices,excluding soap,toothpastes,razors and blades.At constant exchange rate.1+4.5%EST.+100Bn BY 2030

15、MARKET 2023280Bn380BnSource:LOral BMS.MARKET 2030GLOBAL BEAUTY MARKET:OUTPERFORMINGIS OUR MANTRA2020+6%+7%+5%+8%-8%+8%+16%+11%+6%1Like-for-like growth.2 LOral beauty market growth estimates based on manufacturers net prices,excluding soap,toothpastes,razors and blades.At constant exchange rate.20232

16、022202120192018+8%+11%1MARKET2-4%H1 2024+5/6%+7.3%RECRUIT NEW CONSUMERSTOUCHING ONE-THIRDOF OUR ADDRESSABLE MARKETDEVELOPEDEMERGINGNORTH ASIALORAL CONSUMER CLASS POPULATION25%4BnPOTENTIAL CONSUMERS57%13%NON-USERSLORAL USERSREACH2BnCONSUMERSIN THENEXT DECADESAPMENA-SSA1LATIN AMERICA 12%11%IN EMERGING

17、 MARKETS1 South Asia Pacific,Middle-East,North Africa-Sub-Saharan Africa.RECRUITING CONSUMERSMARKET SHAREMARKET SHAREINDIA2 NEW DIVISIONSCHINA:MARKETPENETRATION OPPORTUNITIESNORTH AMERICASource:LOral BMS.MARKET SHAREOPPORTUNITIESMARKET SHARE14%NORTH AMERICAMARKET SHARE20%EUROPEBORN IN ROMA:TOP3IN TH

18、E USMENS&WOMENS FRAGRANCESIn sell-out.OPPORTUNITIES FOR EXPANSIONEUROPE10%POLANDMARKET SHARE20%FRANCEMARKET SHARESource:LOral BMS.200MMORE POTENTIALCONSUMERS BY 2030GROWTH OPPORTUNITYBOOMERS18%OF THE POPULATIONIN EUROPE21%OF THE POPULATIONIN NORTH AMERICAGROWTH OPPORTUNITYGEN Z100MMORE POTENTIALCONS

19、UMERS BY 203012%OF BEAUTY SPENDING IN 20301/3OF GEN Z SPENDINGIN SAPMENA IN 2030GROWTH OPPORTUNITYMENLORAL MENS FRAGRANCES 1/3 OF TOTAL FRAGRANCE SALESIN EUROPE H1 2024+21.5%DERMAMEN/WOMEN50-50%MEN EXPERTCOVERINGALL PRICE POINTSCOVERINGALL PRICE POINTSIN MASSRECRUIT WITH INNOVATIONBOND REPAIR+GLYCOL

20、IC GLOSS=10%OF SALES OF THEELVIVE FRANCHISEEXCEPTIONAL LAUNCHES IN 2024RESEARCH&INNOVATION1.3BnINVESTED PER YEAR3%OF SALESBEST-IN-CLASSCASCADEBREAKTHROUGHABILITY TOINNOVATIONCONTINUEDBRAND SUPPORTA&P=13BnIN 2023SHARPENING RETURNSON A&P WITHBY GEN AIAUGMENTEDCREATIVITYLEADERSHIP IN BEAUTY TECHREADY T

21、O KEEPWINNING010 00020 00030 00040 00050 00060 00070 00080 00090 000BEAUTY SALESOTHER SALESBnWORLD LEADERIN BEAUTYALL CATEGORIES,ALL CHANNELS,ALL PRICE POINTS&ALL REGIONSBRANDS COVERING17%MAINLAND CHINAOF H1 2024 SALESBALANCED COMPANYA MORE17%EMERGING MARKETSOF H1 2024 SALESMEXICO2NDCONTRIBUTOR TO G

22、ROUP GROWTH1Emerging Markets combine the Latin America and the SAPMENA-SSA Regions.1SELECTIVE M&A STRATEGY1The Body Shop was sold in 2017.2Sales were restated to reflect the disposal of 50%of Galderma on 11 February 2014.3License renewal.4Acquisition of the thermalcentre La Socit des Thermes de La R

23、oche-Posay.196719711980198519881989199319962000200220052006200820102011201220142015201620172018201920202021202220231234CONFIDENCEIN THE FUTUREQ A&“This document does not constitute an offer to sell,or an offer to buy LOralshares.If you wish to obtain more comprehensive information about LOral,please

24、refer to the public documents registered in France with the Autorit des MarchsFinanciers(which are also available in English on our internet site:www.loreal-).Thisdocumentmaycontainsomeforward-lookingstatements.Although the Company considers that these statements are based on reasonablehypotheses at the date of publication of this release,they are by nature subject torisks and uncertainties which could cause actual results to differ materially fromthose indicated or projected in these statements.”Disclaimer