L'Oréal Investor Presentation — February 2021

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Chairman & Chief Executive Officer

February 12th, 2021RESILIENCE

February 12th, 2021BACK TO GROWTH IN H2

GROWTH ACCELERATION IN Q4STRONG OUTPERFORMANCE

PRESERVED PROFITABILITY AT RECORD LEVEL

February 12th, 2021BEAUTY MARKET

February 12th, 2021CLOSURE OF MILLIONS OF SALONS, PERFUMERIES,

DEPARTMENT STORES, AND AIRPORT STORES

February 12th, 2021≃-8%WORLDWIDE

1L’Oréal worldwide beauty market estimates , excluding razors , soaps and toothpastes . 2020 provisional estimates , at constant exchange rates.HUGE SURGE

IN E-COMMERCECONTINUED PREMIUMIZATIONSTRONG CONSUMER APPETITE FOR BEAUTY

CONTRASTS ARE STRONGER

1L’Oréal worldwide beauty market estimates , excluding razors , soaps and toothpastes . 2020 provisional estimates , at constant exchange rates. February 12th, 2021E-COMMERCE TRAVEL RETAIL≃+40 % ≃-26 %PROFESSIONAL LUXURY

DERMOCOSMETICS MASS MARKET≃-16 % ≃-14 %

≃+2 % ≃-5%WORLDWIDE BEAUTY MARKET1

CHANNELSKINCARE HAIRCARE

February 12th, 2021CONTRASTS ARE STRONGER

1L’Oréal worldwide beauty market estimates , excluding razors , soaps and toothpastes . 2020 provisional estimates , at constant exchange rates.WORLDWIDE BEAUTY MARKET1NORTH AMERICA WESTERN EUROPE NEW MARKETS≃-6% ≃-15 % ≃-7%

February 12th, 2021LATIN

MIDDLE EAST≃-8% ≃-7% ≃-10 %CONTRASTS ARE STRONGER

1L’Oréal worldwide beauty market estimates , excluding razors , soaps and toothpastes . 2020 provisional estimates , at constant exchange rates.WORLDWIDE BEAUTY MARKET1

CHINA≃+4 %February 12th, 2021REMARKABLYTHE CRISISWEATHEREDPROTECTION & SOLIDARITY

February 12th, 202115 million units of hand sanitizers

and hand creams donatedFreezing receivables from more than

100,000 small professional clients

Shortening leadtime of payments to

9,000 most vulnerable suppliersDrastic health and safety measures

Remote workingPROTECTING THE HEALTH

& SAFETY OF OUR EMPLOYEESSUPPORTING CAREGIVERS & FRONTLINE WORKERSPROTECTING & REINFORCING OUR PARTNERS

BACKBACK TO GROWTH IN H2

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