Combined Shareholders’ Meeting

December 1, 2015

CONTENTS

� Consolidated financial statements as of June 30, 2015

� Review of business groups

� Christian Dior parent company

Haute CoutureAutumn Winter 2015-16

Dior HommeSummer 2016

Organic

growth

+5.4%

06/30/2014

30.9 35.1

06/30/2015

+1.7+2.2 +0.3

** Before tax and interest paid

6.3Profit from recurring operations +4.0%

Change *(EUR billions) June 30, 2015

* With respect to figures for the prior fiscal year, as of June 30, 2014

Net profit, Group share -2.4

7.6Cash from operations

before changes in working capital**+1.9%

+13.7%35.1Revenue

Impact of

changes in scope

+1.2%

Currency

impact

+7.1%

Change at actual

exchange rates

+13.7%

Consolidated revenue (EUR billions)

CONSOLIDATED FINANCIAL HIGHLIGHTS

CONSOLIDATED INCOME STATEMENT

* The income statement as of June 30, 2014 has been restated to reflect the retrospective application of IFRS 11 Joint Arrangements

(13,828)Marketing and selling expenses (11,884)

22,774Gross margin 20,309

(2,647)General and administrative expenses (2,365)

(3)Income (loss) from investments in joint ventures and associates (9)

(298)Other operating income and expenses (153)

(2,518)Income taxes (1,775)

3,787Minority interests 2,467

Net profit, Group share 2,378 1,425

6,165 Net profit before minority interests 3,892

35,081Revenue

(EUR millions) June 30, 2015 June 30, 2014 *

30,867

Net financial income (expense) (231)2,685

Profit from recurring operations 6,296 6,051

5,998Operating profit 5,898

(EUR millions)

7,611

3,481

FREE CASH FLOW (*)

(1,551)

Operating taxes

(468)

Change in working capital

(1,947)

Operating investments

(164)

Interest

CASH FROM OPERATIONSBEFORE CHANGES IN WORKING CAPITAL

(*) Before financial investments, transactions relating to equity and financing activities

June 30, 2015

CONSOLIDATED FREE CASH FLOW

Liabilities and equity

Assets

June 30, 2015

€60.0 billion €60.0 billion

Non-current assets

Inventories

Othercurrent assets

Equity

Non-current liabilities

Current liabilities

70%

44%

18%

12%

36%

20%

CONSOLIDATED FINANCIAL STRUCTURE

(EUR billions)

26.3

7.5

30.3

7.9

JUNE 30, 2014

28.1

6.3

22%

JUNE 30, 2013 JUNE 30, 2015

26% 28%

EQUITY NET FINANCIAL DEBT GEARING

CONSOLIDATED EQUITY AND NET FINANCIAL DEBT

Ready-to-WearSpring Summer 2016

Haute CoutureAutumn Winter 2015-16

Fashion and Leather Goods

33% (33%)

Selective Retailing

30% (29%)

Christian Dior Couture

5% (5%)

Perfumes and Cosmetics

12% (12%)

Wines and Spirits

12% (13%)

Watches and Jewelry

9% (9%)

CONSOLIDATED REVENUE BY BUSINESS GROUP

Note: revenue from eliminations and Other activities = -1%

As % of total revenue as of June 30, 2015 (and June 30, 2014)

12% (11%)

Other markets

28% (30%)

Asia (excluding Japan)

10% (11%)

France

24% (22%)

United States

19% (19%)

Europe (excluding France)

7% (7%)

Japan

As % of total revenue as of June 30, 2015 (and June 30, 2014)

CONSOLIDATED REVENUE BY GEOGRAPHIC REGION OF DELIVERY

Japanese yen

7% (7%)

Othercurrencies

33% (34%)

US dollar

29% (27%)

Euro

23% (24%)

HK dollar

8% (8%)

CONSOLIDATED REVENUE BY INVOICING CURRENCY

As % of total revenue as of June 30, 2015 (and June 30, 2014)

Archi Dior

� Robust revenue growth: +10% at constant exchange rates (+18% at actual exchange rates)

� Even more pronounced retail sales growth: +12% at constant exchange rates

� Strong momentum benefiting all geographic regions and all product lines

� Profit from recurring operations up 21%

� Strong positive impact from many prestigious events

� Continuation of the sustained targeted investment policy throughout the world

226187 *

Revenue (EUR millions)

Profit from recurring operations(EUR millions)

June 30, 2014 June 30, 2015

1,7651,501 *

June 30, 2014 June 30, 2015

CHRISTIAN DIOR COUTURE

* The income statement as of June 30, 2014 has been restated to reflect the retrospective application of IFRS 11 Joint Arrangements

Maison Dior in Seoul

� Revenue: +4% at actual exchange rates and -1% at constant structure and exchange rates

� Profit from recurring operations: -9%

� Cognac:

- Fiscal year adversely affected by Chinese distributors’ destocking

- Good momentum in other Asian countries and the United States

� Champagne:

- Good performance, notably in the United States and Japan

� Continued strategy of value and innovation, building on exceptional brands1,1681,289 *

Revenue (EUR millions)

Profit from recurring operations(EUR millions)

June 30, 2014 June 30, 2015

4,2264,055 *

June 30, 2014 June 30, 2015

WINES AND SPIRITS

* The income statement as of June 30, 2014 has been restated to reflect the retrospective application of IFRS 11 Joint Arrangements

� Organic growth: +4% (+15% at actual exchange rates)

� Louis Vuitton: a strong creative dynamic

- Robust growth in leather goods

- Good balance between the legendary Monogram and leather goods lines

- New creative era under the leadership of Nicolas Ghesquière

� Strong momentum of Fendi, Céline, Givenchy and Berluti

� Launch of Gift of Kings, the new collection by Loro Piana

� New artistic directors at Loewe and Pucci

3,3633,129 *

Revenue (EUR millions)

Profit from recurring operations(EUR millions)

June 30, 2014 June 30, 2015

11,73110,202 *

June 30, 2014 June 30, 2015

FASHION AND LEATHER GOODS

* The income statement as of June 30, 2014 has been restated to reflect the retrospective application of IFRS 11 Joint Arrangements

� Organic growth: +7% (+13% at actual exchange rates)

� Good performance at Parfums Christian Dior thanks to its three global blockbusters: J’adore, Miss Dior and Dior Homme

� Guerlain: success of the La Petite Robe Noire fragrance and the Abeille Royale skincare line

� Good sales momentum at Fresh, Benefit Cosmetics and Make Up For Ever

459418 *

Revenue (EUR millions)

Profit from recurring operations(EUR millions)

June 30, 2014 June 30, 2015

4,2363,752 *

June 30, 2014 June 30, 2015

PERFUMES AND COSMETICS

* The income statement as of June 30, 2014 has been restated to reflect the retrospective application of IFRS 11 Joint Arrangements

� Organic growth: +7% (+14% at actual exchange rates)

� Surge in operating profit: +19%

� Sustained increase, driven by the performance of jewelry

� Very robust business activity in jewelry, especially at Bvlgari

� In a mixed global market for watches:

- Continued growth of Hublot, which stood out thanks to the creative flair of its models

- TAG Heuer: refocusing on its core range and launch of a smartwatch

381319 *

Revenue (EUR millions)

Profit from recurring operations(EUR millions)

June 30, 2014 June 30, 2015

3,0682,688 *

June 30, 2014 June 30, 2015

WATCHES AND JEWELRY

* The income statement as of June 30, 2014 has been restated to reflect the retrospective application of IFRS 11 Joint Arrangements

� Organic growth: +6% (+15% at actual exchange rates)

� DFS:

- Unfavorable environment in Macao and Hong Kong

- Development of new concepts

� Sephora:

- Excellent momentum throughout the world

- Sustained pace of network expansion: 1,584 stores as of

June 30, 2015

- Development of a multi-channel offer

912894 *

Revenue (EUR millions)

Profit from recurring operations(EUR millions)

June 30, 2014 June 30, 2015

10,4439,087 *

June 30, 2014 June 30, 2015

SELECTIVE RETAILING

* The income statement as of June 30, 2014 has been restated to reflect the retrospective application of IFRS 11 Joint Arrangements

Dioressence high heels

� Net profit : €3,414 million

� Profit available for distribution: €3,420 million

� Proposed gross cash dividend for the fiscal year: €3.20 per share

- interim dividend paid on April 23, 2015: €1.25 per share

- final dividend: €1.95 per share

- payment of final dividend as of December 15, 2015

� Reminder:

- an exceptional interim dividend in kind, in the form of Hermès International shares, was paid onDecember 17, 2014

APPROPRIATION OF CHRISTIAN DIOR’S NET PROFIT FOR THE FISCAL YEAR ENDED JUNE 30, 2015 (4th resolution)

Lady Dior handbag

CHANGE IN THE FISCAL YEAR OPENING AND CLOSING DATES OF CHRISTIAN DIOR (15th resolution)

� Historical background

� Indirect consequence of the distribution of Hermès shares: 2.1 billion euro retained profit

� New proposed fiscal year opening and closing dates: January 1 - December 31

� 6-month fiscal year: July 1, 2016 to December 31, 2016

June 30,2014

June 30,2015

Fiscal year 2015 / 2016Fiscal year ending

December 31, 2016Fiscal year 2017 Fiscal year 2014 / 2015

June 30,2016

December 31,2016

December 31,2017

Combined Shareholders’ Meeting

December 1, 2015