L'Oreal 2024 Annual Results Presentation

Introduction

• Beauty as a force for empowerment
• L'Oreal's commitment to diversity, equity, and inclusion
• Gender diversity: 53% of leading positions held by women
• Support for all generations with 25,000 opportunities for under 30s

Overview of 2024 Financial Highlights

• Like-for-like growth of 5.1%
• Gross margin reached an all-time high of 74.2%
• Operating profit margin at 20%
• Operating net cash flow of 6.6 billion euros
• Consolidated sales increased by 5.6% to 43.5 billion euros

Division Highlights

Dermatological Beauty

• Record sales reaching 7 billion euros with a 9.8% increase
• Leadership in the dermatological market
• Focus on emerging markets and aesthetic front
• Successful brands include Laros Posay and SkinCeuticals
• Outlook for 2025 includes growth opportunities in male and boomer segments

Professional Products

• Growth of 5.3% in a dynamic premium haircare market
• Omni-channel strategy
• Expansion in e-commerce and selective retail
• Strong regional performances in North America, Europe, and North Asia
• 2025 focus on premium hair care and stylist engagement

L'Oreal Luxe

• Sales of 15.6 billion euros, growth of 2.7%
• Strength in fragrances and strategic acquisitions
• Strong market share gains outside North Asia
• 2025 goals include expanding brand licenses and maintaining growth

Consumer Products

• Solid growth of 5.4%, driven by strong brand performance
• L'Oreal Paris and Garnier leading growth
• Balanced growth across regions and categories
• 2025 focus on innovation, trends, and emerging markets

Strategic and Financial Outlook for 2025

• Market growth expectation of 4-4.5%
• Continued investment in innovation
• Conquest of new spaces: geographic, consumer, and technology
• Focus on the US market and emerging markets as growth drivers
• Emphasis on new consumer segments like Gen Z and older adults
• Exploration of beauty supplements and devices
• Commitment to maintaining and enhancing operating margins

Environmental and Social Responsibility

• Continued progress on climate change and resource preservation
• Recognition for social and environmental performance

Conclusion

• L'Oreal's commitment to expanding its reach and influence in the global beauty market
• Emphasis on science and technology to drive future growth
• Continued focus on diversity and inclusion as core values

Q&A Session Highlights

• Discussion on fragrance market dynamics and growth potential
• Beta IQ's impact on advertising and promotion efficiency
• Market growth expectations by region, particularly in China and the US
• Innovation pipeline and its potential influence on future growth
• M&A strategy and recent acquisitions in emerging markets

Closing Remarks

• CEO emphasized confidence in future growth and profitability
• Strengthening organizational and operational efficiencies for sustained performance
• Invitation for further discussions at the cocktail reception