CHARLOTTE ROTTIERS 2AF02 ACCOUNTANCY & TAX

Why investing in

?

CHARLOTTE ROTTIERS 2AF02 ACCOUNTANCY & TAX

“ L’Oréal , offering beauty for all “

TABLE OF CONTENTS

CHARLOTTE ROTTIERS 2AF02 ACCOUNTANCY & TAX

I. The Worldwide cosmetics market

II. The solid results

III. The solid balance sheet

IV. The L’Oréal share

V. Conclusion

• Total market : 153 billion euros

• Resilient market

• 2007-2009 : decrease +5.0% +1.0%

• 2009-2011 : increase +1.0% +4.4%

Solid market

I. THE WORLDWIDE COSMETICS MARKET

CHARLOTTE ROTTIERS 2AF02 ACCOUNTANCY & TAX

• Growing company

• Focus on 2011 :

- gross profit 71.2% of sales

record level

- Operating profit 3.293 million euros

Strong results > operational higher efficiency in - Research

- Innovation

- Promotion

- etc

II. THE SOLID RESULTS

CHARLOTTE ROTTIERS 2AF02 ACCOUNTANCY & TAX

Positive cash flow

III. THE SOLID BALANCE SHEET

CHARLOTTE ROTTIERS 2AF02 ACCOUNTANCY & TAX

• To achieve sustainable growth

“Loyalty bonus”

IV. THE L’ORÉAL SHARE

CHARLOTTE ROTTIERS 2AF02 ACCOUNTANCY & TAX

V. CONCLUSION

CHARLOTTE ROTTIERS 2AF02 ACCOUNTANCY & TAX

Why should you invest in L’Oréal ?

I. “Offering beauty for all “

II. Main leader in worldwide cosmetic market

III. Steadily growing and solid results

IV. Healthy balance sheet

V. +11% advantageous dividend

CHARLOTTE ROTTIERS 2AF02 ACCOUNTANCY & TAX

Sources : http://www.loreal.com/_en/_ww/html/our-company/welcome.aspx

http://www.businessdictionary.com/definition/positive-cash-flow.html#ixzz2C8qPpJG1

THANK YOU FOR LISTENING !