L'Oréal - 2018 Registration Document

Presentation of the Group Integrated report GOOD GROWTH MOMENTUM FOR SHARED, LASTING DEVELOPMENT

L’Oréal 2012-2018 The announcement on 11 February 2014, of the disposal of 50% of Galderma leads to account for this business in accordance with IFRS 5 accounting rule on discontinued operations. In accordance with IFRS 11 accounting rule, Innéov has been consolidated under the equity method as of 1 January 2014. All figures for earlier periods have been restated accordingly.

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2018

2012 (1)

2013 (8)

2014 (8)

2015

2016

2017

€ millions

Results Consolidated sales

21,638 3,558 16.4%

22,124 3,760 17.0%

22,532 3,891 17.3%

25,257 4,388 17.4%

25,837 4,540 17.6%

26,023 4,676 18.0%

26,937 4,922 18.3%

Operating profit

As a percentage of consolidated sales

Profit before tax excluding non-recurring items

3,874

4,056

4,198

4,711

4,867

5,003

5,278.4

Net profit excluding non-recurring items after non-controlling interest (2) Net profit attributable to owners of the company

2,861

3,032

3,125

3,490

3,647

3,748

3,987.6

2,868 1,380

2,958 1,507

4,910 1,511

3,297 1,742

3,106 1,858

3,581 2,006

3,895.4

Total dividend

2,175

Balance sheet Non-current assets

20,903

21,485

23,284

24,458

25,585

24,320

25,991

Current assets excl. cash and cash equivalents Cash and cash equivalents

6,096 2,235

6,730 2,659

6,858 1,917

7,854 1,400

8,300 1,746

7,972 3,047

8,474 3,992

Equity (3)

20,925 -1,948

22,651 -2,320

20,197

23,617

24,504

24,819 -1,872

26,933

Net current and non-current debt (4)

671

-618

-481

2,751 5,178

Gross cash flow

3,507

3,758

3,808

4,399

4,717

4,972

Per share data (euros) Diluted earnings per share attributable to owners of the company excluding non-recurring items (2)

4.73 2.30

4.99 (5)

5.34 2.70

6.18 3.10

6.46 3.30

6.65

7.08

Dividend

2.50

3.55 (6) 184.95 197.15 167.75

3.85 (6) 201.20 214.90 170.30

Share price at 31 December (7)

104.90 106.40

127.70 137.85 103.65

139.30 140.40 114.55

155.30 181.30 133.40

173.40 177.90 142.65

Highest share price during the year (7) Lowest share price during the year (7) Diluted weighted average number of shares outstanding (7)

79.22

605,305,458 608,001,407 585,238,674 564,891,388 564,509,135 563,528,502

563,098,506

The 2012 balance sheets have been restated to allow for the change in accounting method relating to revised IAS 19. (1) For 2012, 2013, 2014 and 2015 it is the net profit from continuing operations. (2) Plus non-controlling interests. (3) The net cash surplus is €1,948 million in 2012, €2,320 million in 2013, €618 million in 2015, €481 million in 2016, €1,872 million in 2017 and €2,751 million in 2018. (4) In 2014, net debt is €671 million. Net profit to owners of the company per share, excluding non-recurring items, published on 31 December 2013 was €5.13. (5) Dividend proposed to the Annual General Meeting of 18 April 2019. (6) The L’Oréal share has been listed in euros on the Paris Stock Exchange since 4 January 1999, where it was first listed in 1963. The share capital is €112,079,330.40 (7) at 31 December 2018; the par value of one share is €0.2. The balance sheets at 31 December 2013 and 31 December 2014 have been restated to reflect the change in accounting policies on recognition of levies resulting (8) from the application of IFRIC 21.

REGISTRATION DOCUMENT / L'ORÉAL 2018

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