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at a glance

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CONTENTS

THE GROUP AT A GLANCE3HOW WE OPERATE8CORPORATE SOCIAL RESPONSIBILITY12OUR LATEST FIGURES18

23 APPENDIX

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THE GROUP AT A GLANCE

3

**End March 2020

Market capitalisationTop 8 SMITop 3 JSE

CHF 42 bn**

Sales

€ 14 bn

Operating profit

€ 1.5 bn

Foundedin 1988

A leading luxury goods group

Net cash

€ 2.4 bn

**Dec 2020

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THE GROUP AT A GLANCE

4

Richemont Headquarters by architect Jean Nouvel, Geneva

7 Schools

25 Maisons and businesses

2 186 Boutiques(of which 1 179 internal)

9 Main Foundations supported

Over 35 000 Employees(including over 8 000 in

Switzerland)

*End September 2020

*

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FROM THE PAST INTO THE FUTURE

5

265

1755

190 175 146

127 68 25

114

114

1937 5

18

92

*

*Both YOOX and NET-A-PORTER were founded in 2000

160

101

2002183318301814 186018471845 189318741868 192819191906 1983 19951952 20152001

152173187206

2021

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1988 – 2020: UNIQUE PORTFOLIO MOSTLY BUILT BY ACQUISITIONS

6

61988

101990’s

152000’s

242010’s

252020’s

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A WORLDWIDE PRESENCE

7

EuropeEurope

Middle East and Africa7%

Europe30%

Asia Pacific35%

Americas20%

Japan8%

Sales by geographical area

Operating in

36locations

2 166 boutiques

*End March 2020

*

Cartier store in Cannes, France

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HOW WE OPERATE

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WHAT WE STAND FOR

9

They affect what we doand why we do it

They shape how we behave every day — in all areasof our business

Collegiality

Solidarity Loyalty

Freedom

Our Corporate culture is determined by the principles we live by

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Provide guidelines, set policies & standards, and provide control and support on:

HR, IP, Legal, Marketing Services, Finance, Manufacturing, CSR, Real Estate, Logistics, Security, Health & Safety and IT

HOW OUR BUSINESS OPERATES

10

We work as business partners

are directly in charge of:

Creation Product Development Manufacturing Marketing Communication Distribution Network Customer Services

Headquarters

SEC

Strategic Product & Communication Committee

Central Functions

Provide the right business environment for Maisons and Businesses to grow their brand equity and develop sustainably by running efficient local operations and attracting the best local talents

HR, Finance, Logistics, IT, Real Estate, Security, Health & Safety and Building & office services

Strategy, Capital Allocation

Guide the Maisons by verifying that decisions on Products, Communication and Distribution are appropriate and consistent with Maisons’ identities & strategies

Our Maisons and businesses

Regional Functions(Europe & Latin America; North America; Asia Pacific; Japan; Middle East, India and Africa)

in order to preserve their distinctiveness, unique heritageand DNA, and enable their individual creativity to flourish

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1 896

2 723

2 331

2 797

FY17

FY18

FY19

FY20

Cash flow from operations, € m

5 791

5 269

2 528

2 395

FY17

FY18

FY19

FY20

Net cash, € m

FOCUS ON SUSTAINABLE CASH GENERATION

11

⟩ Build goodwill rather than acquire goodwill

⟩ Create value over the long term

⟩ Never undertake actions that would favour the short term to the detriment of the long term

⟩ "Create moats" developing sustainable competitive advantages

⟩ Generate steady cash flows and dividend growth (priority of cash over margins)

⟩ Cash is our fortress and enables to seize opportunities

∆%

-52%

-9%

+8%

∆%

-14%

+44%

-22%

+20%-5%

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SUSTAINABILITY

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OUR TRANSFORMATIONAL CSR STRATEGY

13

Our ‘Movement for Better Luxury’ is supported by four focus areas: People, Sourcing, Environment and Communities - each of which has an owner at Group level and a series of commitments. These four areas are encompassed by strong governance, active engagement and continuous innovation in materials and processes.

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OUR SUSTAINABILITY PROGRAMMES

14

Headquarters in Geneva, Switzerland

Aimto minimise the environmental impacts of our business operations

Helpour people to realise their potential in a supportive and stimulating environment

Investin local communities where we operate

Workwith business partners to foster sustainable practices

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UNITED NATIONS GLOBAL COMPACT

15

UNGC participants align strategies and operations with universal principles on human rights, labour, environment and anti-corruption, and take actions that advance societal goals

Richemont is a participant in the United Nations Global Compact, the world’s largest corporate sustainability initiative

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Men50%

Women50%

Others27%

French22%

Chinese16%

Italian8%

Swiss8%

American7%

German6%

British6%

DIVERSITY IS OUR CULTURE

16

Nationalities

People Managers

58 % of total workforce

are Women

*End March 2020

*

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RESPONSIBLE SOURCING, MANUFACTURING AND DISTRIBUTION

17

Responsible sourcing Sustainable manufacturing and office facilities Eco-friendly distribution

01 02 03

Since 2010, all our new manufacturing facilities have been designed with very special care for the environment

The IWC manufacture in Schaffhausen along with 7 of our other manufacturing facilities do not use any fossil energy for heating or cooling purposes and produce no direct CO2 emissions

The Campus Genevois de Haute Horlogerie runs on 100% renewable energy, producing zero carbon emissions

Use of smaller boxes for e-commerce deliveries, working towards the complete removal of plastic laminates from shopping retail bags and, whenever possible, use of 100% responsibly-sourced wood-based materials certified by the Forestry Stewardship Council

Environmental-friendly lighting with LED technology in our renovated boutiques

Panerai’s Shanghai Plaza 66 boutique received GOLD LEED certification in July 2017. LEED stands for Leadership in Energy and Environmental Design

Richemont requests all its suppliers to provide assurance that supplies have been sourced in a way which respects human and labour rights, and the environment

Richemont is an active member of the RJC (Responsible Jewellery Council) with Cartier being one of the founding members

We consider how the environment is affected throughout the supply chain, favouring, for instance, recycled gold over mined gold

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OUR LATEST FIGURES

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FINANCIAL HIGHLIGHTS

19

10 023

10 410

11 076

10 647

11 013

13 989

14 238

0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000

Group sales (€ m)

€ 14 billion € 1.5 billion 11% € 2.4 billionTurnover Operating Profit Operating Margin Net Cash Position

2 427

2 670

2 061

1 764

1 844

1 943

1 518

0 500 1 000 1 500 2 000 2 500 3 000

Operating Profit (€ m) and Operating Margin

+6%

+4%

-1%

+27%

-4%

+3%

18.6%

25.6%

24.2%

13.9%

16.6%

16.7%

FY20 FY20

FY14

*End March 2020

*

10.7%+2%

FY14

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SALES BY REGION

20

€ 2.8 billionAMERICAS

+6%

€ 1.2 billionJAPAN

-1%

€ 0.9 billionMIDDLE EAST AND AFRICA

-3%

€ 5.0 billionASIA PACIFIC

-6%

€ 4.3 billionEUROPE

+4%

929

1 148

2 551

4 118

5 243

930

1 212

2 806

4 298

4 992

0 1 000 2 000 3 000 4 000 5 000 6 000

MIDDLE EASTAND AFRICA

JAPAN

AMERICAS

EUROPE

ASIA PACIFIC

FY20 sales by region (€ m)

-5%

+4%

+10%

+6%

Asia Pacific35%

Europe30%

Americas20%

Japan8%

Middle East and Africa7%

% FY20 sales

vs prior period constant rates

FY19 sales

vs prior yearactual rates

*

*End March 2020

-

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SALES BY DISTRIBUTION CHANNEL

21

€ 7.3 billion € 4.3 billion

4 407

2 262

7 320

4 254

2 646

7 338

0 2 000 4 000 6 000 8 000

Wholesale**

Online Retail

Retail

FY20 sales by distribution channel (€ m)

+17%

RETAIL WHOLESALE**

-2% -5%

Online Retail 19%

Wholesale**30%

Retail51%

% FY20 sales

vs prior period constant rates

FY19 sales

vs prior yearactual rates

*

*End March 2020

€ 2.6 billionONLINE RETAIL

-

-3%

+14%

** includes royalty income

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SALES BY BUSINESS AREA

22

€ 1.8 billionOTHER BUSINESSES

€ 2.4 billionONLINE DISTRIBUTORS

€ 2.9 billionSPECIALIST WATCHMAKERS

€ 7.2 billionJEWELLERY MAISONS

Jewellery Maisons

51%

Specialist Watchmakers

20%

Online Distributors

17%

Other12%

% FY20 sales

*End March 2020

*

vs prior period constant rates

vs prior yearactual rates

FY19 sales

- -6% +13% -7%

1 881

2 105

2 980

7 083

1 788

2 427

2 859

7 217

0 2 000 4 000 6 000 8 000

Other

OnlineDistributors

SpecialistWatchmakers

JewelleryMaisons

FY20 sales by business area (€ m)

Jewellery Maisons

Specialist Watchmakers

Online Distributors

Other

+2%

-4%

+15%

-5%

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APPENDIX

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25 MAISONS & BUSINESSES

24

Specialist WatchmakersJewellery Maisons Online Distributors Fashion &Accessories/Other

4 business areas:

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25

RETAIL NETWORK - WORLDWIDE

2 186

TotalBoutiques

1 179

Of whichInternal Boutiques

* Other SW - A. Lange & Söhne, Baume & Mercier, Roger Dubuis; Online Distributors - Watchfinder & Co.; Other F&A - Alaïa, Purdey, Serapian

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OUR 7 SCHOOLS

26

L’Ecole des Métiers Artisans de Haute Horlogerie (Geneva)

L’Ecole des Arts Joailliers(Paris)

Creative Academy (Milan)

Institut Horlogerie Cartier (La Chaux-de-Fonds)

Institut Joaillerie Cartier (Paris)

INSTITUTE OFSWISS WATCHMAKING

Institute of Swiss Watchmaking (Hong Kong SAR, Shanghai and Dallas)

Retail Academy (Hong Kong SAR, Shanghai and New York)

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MAIN FOUNDATIONS SUPPORTED

27

The Michelangelo Foundation for Creativity and Craftsmanship

Peace Parks Foundation

Fondation de la Haute Horlogerie

Fondation Cartier Pour l’Art Contemporain

Cartier Philanthropy Laureus Sport for Good Foundation

Fondation CulturelleMontblanc

Fondation Azzedine Alaïa

Cologni Foundation for Artistic Craft Professions

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Rest of Europe37%

Switzerland23%

Asia Pacific21%

Americas10%

Japan6%

Middle East and Africa

3%

OUR PEOPLE

28

Europe Europe60%

Av. Age39y

Av. Seniority

4y

7y

Time in position

55% S&D

21 %Manufacturing

Corporate & Regional

24 %

Functions

*

*End March 2020

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OUR ORIGINS

29

Compagnie FinancièreRichemont was established in September 1988 in Switzerland, with the spin-off of the non-SA assets of the Rembrandt Group Limited, now known as Remgro Ltd and founded in the 1940’s by Anton Rupert

Compagnie Financière Richemont

Natural Resources

Tobacco34.1% equity interest 43.8% voting interest

Diversified Consumer Goods

Luxury Goods90%

Luxco

Cartier Monde

Piaget Baume & Mercier

Holding

Dunhill HoldingsPLC

(Montblanc, Dunhill, Chloé)

Rothmans *International PLC

North American Resources Limited

(50%)

Frontier Holdings Inc

Metal Powder Products Inc

Harken Energy Corporation

FosforeraEspañola SA

Diversa SA

Ind. de Fósforosy Encendederos SA

Fósforos del Pirineo SA

Conservas La Tila SAViuda de Solano SA

Financial Services

TransAtlanticHoldings PLC

The Continental& Industrial Trust

PLC

Capital & Counties PLC

Sun Life Assurance Society PLC

* Founded in 1973

Listed in Johannesburg (90%) and Zurich (10%)Initial offering price = CHF 5.00̴ to CHF 2.20 after splits/ restructurings

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KEY GROUP DEVELOPMENTS SINCE 1988

30

19931988

Foundation of CompagnieFinancière

Richemont, listing on SIX and the JSE

Foundation of VendômeLuxury Group (VLG) and

listing on the UK stock exchange

1995 1996 1997 1998 1999 2000 2001 2008 2010

Buyout of Rothmans’ minority (40%) shareholders

Merger of Richemont’s and

Rembrant’s tobacco businesses

Merger of pay television interest with

Canal+. Richemont owns 15% of Canal+

Buyout of VLG minority (30%) shareholders

Merger of Rothmans with BAT. Richemont owns 23.3% of BAT

Acquisition of LMH (JLC, IWC, L&S) and disposal of interest in Vivendi (2.9%)

Merger of VLG with Richemont;

Mr Rupert remains Executive Chairman of

the Management Board

Separation of Richemont’s luxury good

business from its other interests (notably stake in

BAT now under Reinet)

Acquisition of 93% of NET-A-PORTER.COM

2015 2018

Acquisition of 100% of YOOX NET-A-PORTER GROUP

Merger of NET-A-

PORTER and YOOX

GROUP (49% owner)

2002

Issue of a € 4 billion

bond

Mr Rupert becomes Chairman of Richemont

2020

Issue of a € 2 billion

bond

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LEGAL OWNERSHIP STRUCTURE

31

Listed & traded on SIX Swiss Exchange(Reuters "CFR.VX" / Bloomberg "CFR:VX") and included in the Swiss Market Index ('SMI') of leading stocks. ISIN CH0210483332

South African depository receipts in respect of Richemont 'A' shares are traded on the Johannesburg Stock Exchange operated by JSE Limited (Reuters "CFRJ.J" / Bloomberg "CFR:SJ"). ISIN CH0045159024

Richemont South African Depository Receipts are issued in registered form

CHF 1.00 par value 1m A shares minimum needed to request that an item

be placed on the agenda for the AGM Treasury shares are held in relation

to Executive Stock Options

Unlisted 100% owned by Compagnie Financière Rupert CHF 0.10 par value B shareholders receive 1/10th (10%) of the dividend per share

paid to A shareholders

Compagnie Financière Richemont SAGeneva

Listed 522.0m A Registered Shares Private 522.0m B Registered Shares

50% votes 50% votes

90.9% of Capital / Economic Participation 9.1% of Capital / Economic Participation

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€ 5.2 billionJEWELLERY

-

€ 0.6 billionOTHER

-2%

€ 4.8 billionWATCHES

-4%

€ 0.4 billion

WRITING INSTRUMENTS

-9%

€ 1.8 billionCLOTHING

+12%

€ 1.4 billionLEATHER GOODS

-1%vs FY18 constant rates

SALES BY PRODUCT LINE

32

-2%

+3%

+1%

+15%

-7%

-629

414

1 402

1 553

4 930

5 061

627

383

1415

1792

4 816

5 205

0 1 000 2 000 3 000 4 000 5 000 6 000

Other

Writinginstruments

Leathergoods

Clothing

Watches

Jewellery

FY20 Sales by product line (€ m)

Jewellery36%

Watches34%

Clothing 13%

Leather Goods10%

Writing Instruments3%

Other4%

% of FY20 Salesvs FY19 actual rates

FY19 sales

*End March 2020

*

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2.93.7 3.9 3.7 3.4 3.7

4.34.8

5.3 5.4 5.2

6.9

8.9

10.2 10.010.4

11.110.6

11.0

14.014.2

SALES EVOLUTION 2000-2020

33

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 20172000 2018

*End March in € billions

*

>4XIn 20 years

2019 2020

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FINANCIAL HIGHLIGHTSSolid cash flows, financing critical investments, led to a strong net cash position

34

710 599 487

826 735

2 419

1 896

2 723

2 331

2 797

5 339

5 791

5 269

2 528 2 395

2016 2017 2018 2019 2020

* Net acquisition of fixed assets, primarily in manufacturing facilities and boutiques

*

€ m

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FINANCIAL HIGHLIGHTS

35

7 118 6 799 7 150

8 645 8 611

2016 2017 2018 2019 2020

Gross profit, € m

2 419

1 896

2 723

2 331

2 797

2016 2017 2018 2019 2020

Cash flow from operations, € m

2 061

1 764 1 844 1 943

1 518

2016 2017 2018 2019 2020

Operating profit, € m

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DIVIDENDS; PAID AND PER A SHARE/10 B SHARES

36

*FY ending 31 March

*in

€ m

illion

sD

ividend

sper sha

re(in C

HF)

** Warrants under the shareholder loyalty scheme issued on 27 November 2020

CHF 0.35€ 141 m

CHF 0.45€ 204 m

CHF 0.55€ 250 m

CHF 1.00€ 452 m

CHF 1.40€ 650 m

CHF 1.60€ 854 m

CHF 1.70€ 878 m

CHF 1.80€ 918 m

CHF 1.90€ 926 m

CHF 2.00€ 1 017 m

CHF 1.00 **€ 529 m

0.00

0.50

1.00

1.50

2.00

2.50

0

200

400

600

800

1000

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

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SHARE PRICE SINCE FLOTATION

37

(in CHF)

0

20

40

60

80

100

120

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SHARE PRICE OVER 10 YEARS

38

(in CHF)

0

20

40

60

80

100

120

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

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BUCCELLATI • CARTIER • VAN CLEEF & ARPELS •

A.LANGE & SÖHNE • BAUME & MERCIER • IWC • JAEGER-LECOULTRE • PANERAI • PIAGET • ROGER DUBUIS •

VACHERON CONSTANTIN •

WATCHFINDER & CO. • NET-A-PORTER • MR PORTER • THE OUTNET • YOOX • ONLINE FLAGSHIP STORES •

ALAÏA • AZ FACTORY •CHLOÉ • ALFRED DUNHILL • MONTBLANC • PETER MILLAR • PURDEY • SERAPIAN

At Richemont, we craft the future