LVMH Annual Report

LVMH 2018 . P e r f o r m a n c e m e a s u r e s

NET PROFIT, GROUP SHARE (1) (EUR millions)

OPERATING INVESTMENTS (1) (EUR millions)

6,354

3,038

5,365

2,265 2,276

4,066

2016 2017 2018

2016 2017 2018

FREE CASH FLOW (1) (EUR millions)

SIMPLIFIED BALANCE SHEET AS OF DECEMBER 31, 2018 (EUR billions and % of balance sheet total)

5,452

74.3

74.3

4,696

68% Non- cu r rent as s ets

46% Equ it y

3,911

32% Non- cu r rent l iabi l it ies

17% Inventor ies 15% Ot her cu r rent as s ets

22% Cu r rent l iabi l it ies

2016 2017 2018

Assets Liabilities and equity

EQUITYAND RATIO OF NET FINANCIAL DEBT TO EQUITY (1) (EUR millions and %)

NET FINANCIAL DEBT (1) (EUR millions)

33,957

7,153

5,487 (2)

30,377

27,898

3,244

24% 16% (2)

12%

2016

2017

2018

2016 2017 2018

(1) 2016 and 2017 restated for the impact of the application of IFRS 9 Financial Instruments. (2) Belmond shares deducted from net debt (€274 million).

Further information can be found in the 2018 Reference Document.

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