LOREAL_Registration_Document_2017

1 Presentation of the Group Integrated report THE L’ORÉAL GROUP: FUNDAMENTALS

OPERATIONAL DIVISIONS SALES - 2017

BY GEOGRAPHIC ZONE

BY DIVISION

Consumer Products Professional Products L’Oréal Luxe Active Cosmetics

46.6% 12.9% 32.5% 8.0%

Western Europe North America New Markets

31.2% 28.3% 40.5%

23.6% 6.7% 2.7%

Asia-Pacific Eastern Europe Africa, Middle East

Of which :

Latin America 7.5%

CONSOLIDATED SALES BY CURRENCY

22.8% 1.6% 1.8% 2.7% 2.7%

Mexican Peso Japanese Yen Russian Ruble Other currencies Canadian Dollar Brazilian Real Pound Sterling

24.3% 26.4%

Euro US dollar

2.9% 4.9% 8.3%

Chinese Yuan

NET DEBT

SHORT-TERM RATINGS

31.12.2017

31.12.2015 31.12.2016

A1+

Standard & Poor’s

SEPTEMBER 2017

Net cash position = Net cash or net debt (€ million) (1) Net gearing (Net financial position/ Equity)

+618.0

+481.4

+1,872.2

PRIME 1

Moody's

MAY 2017

F1+

Fitch Ratings

SEPTEMBER 2017

n/a

n/a

n/a

Net cash (+) or net debt (-) = cash and cash equivalents – current and (1) non-current debt.

REGISTRATION DOCUMENT / L'ORÉAL 2017

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