Presentation

Financière Agache is a holding company controlled by the Agache company. The Financière Agache group carries out most of its business activities in the luxury goods sector via its controlling shareholdings in Christian Dior and LVMH. The Financière Agache group also holds a portfolio of diversified financial investments.

Governance

BOARD OF DIRECTORS
FLORIAN OLLIVIER Chairman of the board
NICOLAS BAZIRE Representing
AGACHE SEDCS
LORD POWELL OF BAYSWATER
PIERRE DE ANDREA Representing
INVRY SAS
PIERRE DEHEN Representing
ASOPIS SAS
EXECUTIVE MANAGEMENT
FLORIAN OLLIVIER Chairman and Chief Executive Officer
NICOLAS BAZIRE Managing Director

STATUTORY AUDITORS
MAZARS Represented by Isabelle Sapet
DELOITTE (from 2022 fiscal year) Represented by Guillaume Troussicot
ERNST & YOUNG ET AUTRES (until 2021 fiscal year) Represented by Gilles Cohen

Simplified organizational chart as of

December 31, 2021




* Direct Shareholder interest of Financière Agache, the Arnault Family Group owning in total 97,5% of the share capital of Christian Dior
** Listed companies

Financial highlights consolidated 2021

Euros billion

Revenue 64,2
Net profit 12,6
Total equity 49,3

Key consolidated data

(EUR millions and percentage) 2021 2020 2019
Revenue 64,219 44,651 53,671
Profit from recurring operations 17,113 8,294 11,487
Net profit 12,612 4,953 7,674
Net profit, Group share 4,906 1,913 2,786
Cash from operations before changes in working capital 22,598 13,979 16,085
Operating investments 2,651 2,477 3,332
Total equity 49,333 38,540 36,670
Adjusted net financial debt 10,357 5,651 7,775
Adjusted net financial debt/Total equity ratio 21,0% 14,7% 21,2%

Revenue by business group

(EUR millions) 2021 2020 2019
Wines and Spirits 5,974 4,755 5,576
Fashion and Leather Goods 30,896 21,207 22,237
Perfumes and Cosmetics 6,608 5,248 6,835
Watches and Jewelry 8,964 3,356 4,405
Selective Retailing 11,754 10,155 14,791
Other activities and eliminations 23 (70) (173)
Total 64,219 44,651 53,671
2021
2020
2019