Combined Shareholders’ Meeting

October 18, 2013

This document is a free translation into English of the original French presentation to the Combined Shareholders’ Meeting.

In the event of a conflict in interpretation, reference should be made to the French version, which is the authentic text.

CHRISTIAN DIOR GROUP

� New fiscal year-end date adopted at the Shareholders’ Meeting of October 26, 2012 : June 30

(*) Fiscal year-end dates

May 1,2012

June 30,2014(*)

April 30,2013(*)

June 30,2013(*)

Fiscal year 2012 / 2013

Fiscal yearended

June 30, 2013Fiscal year 2013 / 2014

FINANCIAL STATEMENTS AS OF APRIL 30, 2013:12 MONTH FISCAL YEAR

Haute CoutureAutumn Winter 2013-2014

CONSOLIDATED INCOME STATEMENT

1,431Net profit, Group share

19,556Gross margin

6,090Profit from recurring operations

3,931Net profit before minority interests

(129)Net financial income (expense)

(1,916)Income taxes

2,500Minority interests

5Income (loss) from investments in associates

5,971Operating profit

(119)Other operating income and expenses

(11,162)Marketing and selling expenses

(2,304)General and administrative expenses

29,881Revenue

April 30, 2013

(12 months)(EUR millions)

CHRISTIAN DIOR GROUP

Fashion and Leather Goods Selective Retailing

Wines and Spirits

Perfumes and Cosmetics

Christian Dior Couture

Watches and Jewelry

REVENUE BREAKDOWNBY BUSINESS GROUP

33% 28%

14%

12%

4%

9%

April 30, 2013 (12 months)as % of total revenue

CHRISTIAN DIOR GROUP

REVENUE BREAKDOWNBY GEOGRAPHIC REGION OF DELIVERY

29%

11%

22%

11%

19%

8%

Asia (excluding Japan)

France

United States

Other markets

Europe (excluding France)

Japan

CHRISTIAN DIOR GROUP

April 30, 2013 (12 months)as % of total revenue

Other currencies

US dollarEuro

Yen

41%

27%24%

8%

REVENUE BREAKDOWNBY INVOICING CURRENCY

CHRISTIAN DIOR GROUP

April 30, 2013 (12 months)as % of total revenue

(EUR billions)CONSOLIDATED FREE CASH FLOW

7.5

2.5

FREE CASH FLOW (*)

(2.0)

Income

taxes

(0.9)

Total change in

working capital

(1.9)

Operating

investments

(0.2)

Interest

CASH FROM OPERATIONSBEFORE CHANGES

IN WORKING CAPITAL

(*) Before financial investments, transactions relating to equity and financing activities

April 30, 2013 (12 months)

CHRISTIAN DIOR GROUP

FINANCIAL STRUCTURE

Liabilities and equityAssets

April 30, 2013EUR billions

55.6 55.6

Non-currentassets

Inventories and work in progress

Othercurrent assets

Total equity

Non-currentliabilities

Currentliabilities

50%

31%

19%

74%

16%

10%

CHRISTIAN DIOR GROUP

CONSOLIDATED TOTAL EQUITYAND NET FINANCIAL DEBT

28.0

6.2

26.0

6.9

APRIL 30, 2012

24.9

6.1

24%

DECEMBER 31, 2011 APRIL 30, 2013

27% 22%

TOTAL EQUITY NET FINANCIAL DEBT GEARING

CHRISTIAN DIOR GROUP

(EUR billions)

Ready-to-WearSpring Summer 2014

CHRISTIAN DIOR COUTURE

131

1,289

• 23% growth in retail sales revenue atactual exchange rates

• Creativity and powerful appeal of products

• Sustained, selective investments

• Original marketing focused on the Brand and its savoir-faire

Profit fromrecurringoperations

Revenue

April 30, 2013 (12 months)EUR millions

CHRISTIAN DIOR COUTURE

CHRISTIAN DIOR COUTURE

License royalties

2%

Wholesale activities

8%

Retail andother activities

90%

April 30, 2013 (12 months)as % of total revenue

REVENUE BREAKDOWNBY BUSINESS ACTIVITY

RETAIL AND OTHER REVENUE BREAKDOWNBY GEOGRAPHIC REGION OF DELIVERY

CHRISTIAN DIOR COUTURE

Americas

9%

Asia-Pacific

46%

Europe andMiddle East

45%

April 30, 2013 (12 months)as % of total revenue

Lady Dior bag

WINES AND SPIRITSLVMH

Profit fromrecurringoperations

Revenue

1,330

4,208

• Revenue up 13% at actual exchange rates

• Global leadership and prestige of ourChampagne and Cognac brands

• Value creation strategy

April 30, 2013 (12 months)EUR millions

FASHION AND LEATHER GOODSLVMH

Profit fromrecurringoperations

Revenue

3,220

9,936

• Revenue up 8% at actual exchange rates

• Exceptional profitability of Louis Vuitton

• Remarkable performance at Céline

• Momentum at other Houses

April 30, 2013 (12 months)EUR millions

PERFUMES AND COSMETICSLVMH

Profit fromrecurringoperations

Revenue

414

3,678

• Revenue up 10% at actual exchange rates

• Exceptional performance at Parfums Christian Dior

• Remarkable achievements by Guerlain’s La Petite Robe Noireperfume and Orchidée Impérialeskincare line

• Strong growth from Benefit, Freshand Make Up For Ever

April 30, 2013 (12 months)EUR millions

WATCHES AND JEWELRYLVMH

Profit fromrecurringoperations

Revenue

335

2,826

• Revenue up 16% at actual exchange rates

• Strong performances from TAG Heuer, Hublot, Zenith and Bulgari

• Strategy of integrating technologicaland manufacturing savoir-faire

• Targeted development of the directlyowned store network

April 30, 2013 (12 months)EUR millions

SELECTIVE RETAILINGLVMH

Profit fromrecurringoperations

Revenue

877

8,303

• Revenue up 19% at actual exchange rates

• Excellent performance at DFS and momentum from Asian clientele

• Strong growth from Sephora in all markets

• Rapid development of Miami Cruiseline

April 30, 2013 (12 months)EUR millions

Ready-to-WearSpring Summer 2014

PROPOSED GROSS DIVIDEND PER SHARECHRISTIAN DIOR

Dividend proposed at the Shareholders’ Meeting

1.80

€2.90

Fiscal year ended

04/30/2013

1.10

Final dividend to be paid on December 3, 2013Interim dividend paid on April 25, 2013

CONCLUSION AND OUTLOOKCHRISTIAN DIOR GROUP

� Power of our brands

� Entrepreneurial spirit

� Talent and savoir-faire

� Ambition

Combined Shareholders’ Meeting

October 18, 2013