LVMH Q4 and FY 2005 Revenue (under IFRS) 19th January 2006
1 LVMH - FY 2005 revenue highlights Record revenues of 14 billion Double-digit 4th quarter and FY organic revenue growth Good revenue performance from all business groups Strong growth from all geographic regions
2 LVMH FY 2005 revenue in millions of Euros Organic Structure Change 13 909 4 311 12 481 +11% ns ns 3 086 3 087 3 425 Q1 Q2 Q3 Q4 2004 2005 2005
3 Analysis of revenue increase in Q4 2005 in millions of Euros Organic Structure Change 4 311 ns +3% 3 812 +10% Q4 Q4 2004 2005
4 FY 2005 revenue by region in Euros Others 7% Asia 16% France 15% Japan 15% Europe 20% US (inc. Hawaii) 27%
5 FY 2005 revenue growth in mainland US in dollars 2005 Wines & Spirits +9% Fashion & Leather Goods +10% Perfumes & Cosmetics +3% Watches & Jewelry +26% Selective Retailing +18% Total LVMH Group +13%
6 FY 2005 revenue growth in Japan in Yen 2005 Wines & Spirits +11% Fashion & Leather Goods +7% Perfumes & Cosmetics +5% Watches & Jewelry +11% Selective Retailing +329% Total LVMH Group +12%
7 FY 2005 revenue growth in Asia (exc. Japan) in Euros 2005 Wines & Spirits +32% Fashion & Leather Goods +20% Perfumes & Cosmetics +23% Watches & Jewelry +29% Selective Retailing +12% Total LVMH Group +20%
8 FY 2005 revenue growth in Europe in Euros 2005 Wines & Spirits +20% Fashion & Leather Goods +12% Perfumes & Cosmetics +5% Watches & Jewelry +9% Selective Retailing +2% Total LVMH Group +9%
Wines & Spirits FY 2005 revenue in millions of Euros Structure Change 2 644 960 2 259 Organic +11% +6% ns 1 496 513 517 654 617 1 352 373 238 268 275 249 281 343 907 1 148 Q1 Q2 Q3 Q4 2004 2005 2005 Champagne & Wines Cognac & Spirits 9
10 Wines & Spirits Champagne and Wines Champagne volumes up 4% in FY 2005 Good performance in Japan and Europe Strong progress for MH Wine Estates Cognac Hennessy volumes up 9% in FY 2005 Strong growth for premium qualities Good momentum in the US; strong growth in China and Russia Integration of Glenmorangie into MH distribution network completed
11 Fashion & Leather Goods FY 2005 revenue in millions of Euros 1 428 4 366 Organic +12% Structure -1% Change -1% 4 812 1 136 1 060 1 188 Q1 Q2 Q3 Q4 2004 2005 2005
12 Fashion & Leather Goods Louis Vuitton : Double-digit organic revenue growth once again in 2005 Good progress in Europe, strong momentum in Asia and the US Great benefit from the Champs Elysées opening Expansion in China : flagship store openings in Beijing and Hong Kong in Q4 Success of Fendi - steady revenue growth in Europe, the US and Asia Progress for Marc Jacobs, Pucci, Berluti and Loewe
13 Perfumes & Cosmetics FY 2005 revenue in millions of Euros Organic Structure Change 2 285 670 2 128 +7% ns ns 507 527 581 Q1 Q2 Q3 Q4 2004 2005 2005
14 Perfumes & Cosmetics Parfums Christian Dior growth continued Success of all product categories (perfumes, make up and skincare) Exceptional performance in Europe; notable progress in China Good momentum for Guerlain High growth in Asia and Middle East Steady development of skin care and make up, particularly with the new KissKiss lipstick success Continued strong growth at BeneFit, particularly in the US and UK, and expansion in Asia
15 Watches & Jewelry FY 2005 revenue in millions of Euros Organic Structure Change 572 122 138 142 170 493 +17% -1% ns Q1 Q2 Q3 Q4 2004 2005 2005
16 Watches & Jewelry Strong organic revenue growth, better than market Excellent performance in the US, Asia and Japan Reinforced iconic lines of each brand TAG Heuer : Aquaracer, Link, Carrera Zenith : new models of Open concept Chaumet : Liens and Class One Improved positioning of Montres Dior (Christal), Chaumet (Frisson) and Zenith (Tourbillon and Starissime)
17 Selective Retailing FY 2005 revenue in millions of Euros Organic Structure Change 3 648 1 095 3 276 +13% -2% ns 823 852 878 Q1 Q2 Q3 Q4 2004 2005 2005
18 Selective Retailing Double-digit revenue growth at DFS Increasing number of Asian customers Positive impact of Okinawa Galleria Strong progress at Sephora in Europe Market share gains in France and Poland Innovative and exclusive products Successful launch of the sephora.fr website in France Joint venture with El Corte Ingles implemented in Spain: opened 2 stores and 4 Sephora corners in El Corte Ingles stores Sephora US: Fifth year of double-digit sales growth on a comparable store basis Expansion in Asia with 3 rd Sephora store opening in Shanghai in December
19 LVMH - FY 2005 conclusion Double-digit organic revenue growth in 2005 Positive contributions from all business groups and all regions Continuing to concentrate on star brands, innovative and quality products and improving profitability Confirm double-digit growth in profit from recurring operations in 2005 Results to be announced March 2, 2006 in the morning Objective of tangible increase in profit from recurring operations in 2006