Slides
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Christophe BABULE Chief Financial Officer BOSTON 2026 8 SEPTEMBER 2026 1
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VIDEO BUSINESS CARD
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1H26 | Delivering the Promised Acceleration LFL growth adjusted for the impact of our IT transformation +6.5% 1H26 +3.2% 1H25 +4.9% 2H25 2025 2026 3 Significantly outperforming a Beauty Market at ~+4.5% Weight of Launches ~+100Bps | ~+200Bps | ~+250Bps 1H25 2H25 1H26
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1H26 | A broad based performance 4 GROWTH IN ALL DIVISIONS PPD and LDB growing in double digits GROWTH IN ALL CATEGORIES Led by fragrances and haircare E-commerce* +18% | ~2x the market | 31% of Group sales * Includes sales on L'Oréal’s brand websites, sales to online pure players, and the e-commerce portion of sales to traditional retailers (based on non-audited declarative data) GROWTH IN ALL REGIONS Emerging markets ~+10% Developed markets up mid to high-single digits
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5 1H26 | Our Virtuous P&L in Full Action IMPROVEMENT IN OPERATING PROFIT 21.3% (+20 Bps)
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Outlook 2026｜Beauty Market Will Continue to Grow 6 2013 2014 2015 2016 2017 2018 2019 2021 2022 2023 2024 2025 2020 +4% -8% ~+4.5-5% 1 1 L’Oréal beauty market estimates based on manufacturer’s net prices, excluding soap, toothpastes, razors and blades. At constant exchange rate. 2026 +4% +4% +4% +5% +6% +5% +8% +6% +8% +4.5% +3.5%
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Beauty Market｜What’s new since June 2026? 7 Momentum sustained NORTH AMERICA EUROPE China recovery confirmed NORTH ASIA Market softer LATIN AMERICA SAPMENA-SSA Dynamism maintained
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Confidence in the Second Half 8 Beauty Stimulus Plan continues Leveraging recent acquisitions Continued roll-out INNOVATIONS SKINCARE Continued Luxe outperformance M&A CHINA
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Stronger than ever | R&I: Opening new fields 9 GLP-1 Specific launches Longevity Integrative Science GLP-1 LONGEVITY
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Stronger than ever | Expanding into additional categories 10 BODYCARE MISTS SUPPLEMENTS
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Stronger than ever | Growing Kering Beauté brands 11 BODYCARE
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Stronger than ever | Leveraging AI 12 AI-POWERED CONSUMER JOURNEYS AI-POWERED EMPLOYEES AI-POWERED MÉTIERS
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FIRESIDE CHAT
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« Ce document ne constitue pas une offre de vente ou la sollicitation d’une offre d’achat de titres L’Oréal. Si vous souhaitez obtenir des informations plus complètes concernant L’Oréal, nous vous invitons à vous reporter aux documents publics déposés en France auprès de l ’ Autorité des Marchés Financiers (également disponibles en version anglaise sur notre site Internet www.loreal- finance.com). Ce document peut contenir certaines déclarations de nature prévisionnelle. Bien que la Société estime que ces déclarations reposent sur des hypothèses raisonnables à la date de publication du présent communiqué, elles sont par nature soumises à des risques et incertitudes pouvant donner lieu à un écart entre les chiffres réels et ceux indiqués ou induits dans ces déclarations. Toute réutilisation des images et du contenu est prohibée et/ou soumise à des autorisations préalables.» "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. Any reuse of images and content is prohibited and/or subject to prior authorization." Avertissement / Disclaimer