Compagnie Financiere Richemont Sa · SIX:CFR
Compagnie Financiere Richemont Sa — FY2026 Earnings Presentation
44 slides from Compagnie Financiere Richemont Sa's earnings presentation, May 22, 2026
Slide 1: FY26 Annual Results
FY26 ANNUAL RESULTS YEAR ENDED 31 MARCH 2026 22 MAY 2026 AT RICHEMONT We Craft the Fntawe,
Slide 2: Forward-looking statements
Certain of the matters discussed in this document about our and our subsidiaries’ future performance, including, without limitation, store openings and closings, product introductions, sales, sales growth, sales trends, store traffic, Richemont's strategy and initiatives and the pace of execution th
Slide 3: Agenda
) Highlights » Sales ) Business areas ) Financials » Conclusion » Q&A » Appendix AT RICHEMONT We Craft the Futave,
Slide 4: Highlights
Highlights AT RICHEMONT We Craft the Futawe
Slide 5: Key Figures | Solid Results in Volatile Environment
FY26 KEY FIGURES | SOLID RESULTS IN VOLATILE ENVIRONMENT G Sales >) (— Operating Profit aN €22.4bn €4.5bn Incl. €164m non-recurring costs +5% at actual FX #1% at actual FX +11% at constant FX +23% at constant FX . y% ( » > Profit Cash flow for the year from Operating Activities €3.5bn €4.9bn vs €2.8
Slide 6: Highlights | Further Delivering on Long-Term View
FY26 HIGHLIGHTS | FURTHER DELIVERING ON LONG-TERM VIEW ceca Sustained sales growth \ SSE Se ES eEEY/ Ta Solid financial performance WD ec Long-term focus eee RiIcHEMONT Sales up by 11% at constant rates, with growth across all business areas, regions and channels = Remarkable performance at Jeweller
Slide 7: Highlights | Investing Consistently for Future Growth
FY26 HIGHLIGHTS | INVESTING CONSISTENTLY FOR FUTURE GROWTH Elevating store network quality >» Continued targeted expansion, including in key new cities » Major boutique renovations, extensions and relocations, upgrading client experience » Footprint rebuild in China across business areas q Cultivati
Slide 8: Constant Creativity
FY26 | CONSTANT CREATIVITY
Slide 9: Sales
Sales AT RICHEMON We Crate the Futare
Slide 10: Sales | Strength of Local Demand Driving Growth Across All Regions
FY26 SALES | STRENGTH OF LOCAL DEMAND DRIVING GROWTH ACROSS ALL REGIONS (CONSTANT RATES) r isaccitece +17% vs FY25 = Double-digit increase at Jewellery Maisons and SWM and markets NG Q4 sales +18% = Strong growth across all channels (ne +9% vs FY25 = Performance led by Jewellery Maisons, retail and
Slide 11: Sales | Broad-Based Contribution from All Regions
FY26 SALES | BROAD-BASED CONTRIBUTION FROM ALL REGIONS (em) +€1bn +5% at actual rates v +114 22 420 +444 343 Pe +54 i FY25 Europe Asia Pacific Americas Japan Middle East FY26 & Africa
Slide 12: Sales | Sustained Growth Across All Channels
FY26 SALES | SUSTAINED GROWTH ACROSS ALL CHANNELS (constant rates) Retail YY +12% vs FY25 = Performance driven by Jewellery Maisons and, to a lesser extent, F&A; slightly positive at SWM = Strong growth across all regions, led by the Americas y ~\ Wholesale, inci. Royalty Income +9% vs FY25 = |ncrea
Slide 13: Business areas
Business areas AT RICHEMONT We Craft the Futawe
Slide 14: Jewellery Maisons | Continued Strong Sales Momentum
FY26 JEWELLERY MAISONS | CONTINUED STRONG SALES MOMENTUM > Sales of €16.5bn, up by 8% +14% at constant exchange rates = Double-digit growth across all regions at constant rates = Strong performance across Maisons in both jewellery and watches = Sustained pace in Q4, with sales up by 16% at constant
Slide 15: Jewellery Maisons | Further Building Brand Desirability
FY26 JEWELLERY MAISONS | FURTHER BUILDING BRAND DESIRABILITY > Sparkling novelties boosting iconic jewellery and watch lines = Strength across collections, among which Love, Panthére (Cartier); Alhambra, Perlée (Van Cleef & Arpels); Opera Tulle, Macri (Buccellati) * Impactful new additions fuelling
Slide 16: Specialist Watchmakers | Modest Sales Growth
FY26 SPECIALIST WATCHMAKERS | MODEST SALES GROWTH (CONSTANT RATES) > Sales of €3.1bn, down by 4% +1% at constant exchange rates = Strong growth in the Americas compensating for declines in Asia Pacific and Japan, at constant rates = Slight increase in both retail and wholesale channels = Return to g
Slide 17: SWM | Building on Distinct Heritage and Craftsmanship
FY26 SWM | BUILDING ON DISTINCT HERITAGE AND CRAFTSMANSHIP » Mixed performances across the year, notable improvement in H2 at A. Lange & Séhne, Jaeger-LeCoultre and Vacheron Constantin > Balanced Sell-in/Sell-out ratio at circa 100% over 12 months » Novelties supporting solid growth of iconic collec
Slide 18: 'Other' | Resilient Sales Led by Improved H2 Momentum
FY26 ‘OTHER’ | RESILIENT SALES LED BY IMPROVED H2 MOMENTUM > Sales of €2.7bn, down by 2% +3% at constant exchange rates = Increase in sales in the Americas, Europe and Middle East & Africa, at constant rates ® Solid growth in retail, slight rise in wholesale = Moderate increase at F&A Maisons, Watch
Slide 19: 'Other' | Displaying Creativity, Strengthening Appeal in F&A
FY26 ‘OTHER’ | DISPLAYING CREATIVITY, STRENGTHENING APPEAL IN F&A » Continued sales momentum at Peter Millar and Alaia = Peter Millar | Further expansion into broader lifestyle proposition = Aldia | Increased global recognition notably through high impact shows and success of iconic products > Overa
Slide 20: Financials
Financials AT RICHEMONT We Craft the Futawe
Slide 21: Gross Profit
FY26 GROSS PROFIT >» Gross profit up by 1% to €14.4bn » Gross margin of 64.4%, down by 250bps (-40bps at constant exchange rates) = Higher production costs of which: >» Two-thirds from net impact of raw material costs increase, mostly gold >» One-third from additional US duties = Positive impact fro
Slide 22: Operating Expenses
FY26 OPERATING EXPENSES » Operating expenses broadly stable in value, up by 1% = Modest rise in Selling & Distribution expenses, up by 2%, or +7% at constant FX, mainly from continued selective network expansion and salary increases = Disciplined Communication costs, down by 5% or 2% at constant FX,
Slide 23: Operating Profit
FY26 OPERATING PROFIT > Operating profit of €4.5bn, +1% at actual rates, margin at 20.0% of sales = Up by 23% excluding unfavourable exchange rate impact = Contribution from strong sales growth and cost discipline mitigating the impact of external headwinds = €164m of non-recurring costs, in additio
Slide 24: Net Finance Costs
FY26 NET FINANCE COSTS > €91m increase in net finance costs to €144m = €314m increase in net foreign exchange losses on monetary items = €170m decrease in fair value adjustments = Mostly offset by a €445m increase in net gains on FX hedging programme = Lower interest income due to declining yields a
Slide 25: Profit for the Year
FY26 PROFIT FOR THE YEAR > Profit from continuing operations of €3.5bn, down by 8%, reflecting higher taxation and finance costs, as well as lower share of equity-accounted investments’ results > Increase in profit for the year by 27% to €3.5bn, benefitting from the non-recurrence of the write-down
Slide 26: Cash Flow from Operating Activities
FY26 CASH FLOW FROM OPERATING ACTIVITIES > Cash flow from operating activities of €4.9bn, Up by €0.4bn = Higher operating profit adjusted for non-cash items, including impairments and write-downs = Lower working capital needs, mostly reflecting higher cash inflows from foreign exchange derivatives;
Slide 27: Capital Expenditure
FY26 CAPITAL EXPENDITURE >» Capex of €1.0bn = Higher share dedicated to enhancing distribution network and reinforcing manufacturing capacities = 4.6% of sales “a 53% 27% 20% Distribution Manufacturing Other Double-digit increase Continued expansion Disciplined vs prior year, of manufacturing invest
Slide 28: Free Cash Flow
FY26 FREE CASH FLOW > Free cash flow of €2.8bn, up by €0.6bn, primarily driven by higher cash flow from operating activities 12 months €m FY26 FY25 Change Cash flow from operating activities 4880 4443 +437 Net acquisition of property, plant and equipment -957 -1 035 +78 Net acquisition of intangible
Slide 29: Balance Sheet
FY26 BALANCE SHEET €42.6bn €42.6bn Fixed assets 25% Other non-current 7 . assets 7” 57% Total equity Inventories Other current assets Investments in money market and externally RU managed funds 21% —Non-current liabilities Cash [A pyyay Current liabilities RiIcHEMONT
Slide 30: Use of Cash
FY26 USE OF CASH Lease payment €0.8bn Capex €1.0bn RiIcHEMONT Cash generated from operating activities €4.9bn Cash Other transferred to YNAP (o/w FX) €0.6bn €0.4bn Net cash increase €0.2bn FY25 dividend €1.9bn
Slide 31: Dividend
FY26 DIVIDEND > Board of Directors proposal: = Ordinary dividend of CHF 3.30 per 1 A share / 10 B shares, up by 10% over prior year = Special dividend of CHF 1.00 per 1 A share / 10 B shares 4.50 4.00 3.50 3.00 2.50 2.00 1.80 1.90 ~ 1.50 1.00 Dividend per 1 A / 10 B shares (in CHF) 0.50 0.00 3.50% 3
Slide 32: Conclusion
Conclusion AT RICHEMONT We Craft the Futave
Slide 33: Conclusion | A Solid Year Reinforcing Differentiation
FY26 CONCLUSION | A SOLID YEAR REINFORCING DIFFERENTIATION » Remarkable sales growth and solid results, highlighting differentiated market positioning, balanced regional footprint and team agility » Outstanding performance of Jewellery Maisons reflecting high desirability and strong value propositio
Slide 34: Conclusion | Strong Fundamentals to Continue to Create Long-Term Value
CONCLUSION | STRONG FUNDAMENTALS TO CONTINUE TO CREATE LONG-TERM VALUE > Distinctive heritage and brand identity of each of our Maisons to support future growth prospects » Continued creativity with novelties nourishing iconic product lines > Balanced regional and clientele mix building on deep loca
Slide 35: Q&A
AT Ri« ee Q&A We Craft the Ete a .
Slide 36: Appendix
Appendix AT RICHEMONT We Craft the Futave,
Slide 37: Financial Highlights
FY26 FINANCIAL HIGHLIGHTS > Sales (€m) Acs. Aas. rv26 Es 22-20 +11% +5% 125 (I 2: 39 HE 4% FY24 20616 48% 43% FY23 19.953 +14% 419% FY22 16748 NR NR > Profit from continuing operations (€m) Margin Aas. rv26 15.5% -8% F125 3762 17.6% -1% FY24 3818 18.5% -2% FY23 3911 19.6% +88% FY22 2.449 146% NR >»
Slide 38: Sales by Product Line
FY26 SALES BY PRODUCT LINE Actual Constant 12 months €m FY26 FY25 rates rates Jewellery 12 206 +6% +13% Watches 7157 +5% +11% Leather goods and accessories 1002 -8% 4% Clothing 926 +6% +13% Writing instruments 415 -3% +2% Other 714 -1% +2% Total sales 22 420 +5% +11% Share by product line Hl Jewelle
Slide 39: Operating Result by Business Area
FY26 OPERATING RESULT BY BUSINESS AREA 12 months €m FY26 FY25 Jewellery Maisons 5037 Specialist Watchmakers 107 Other -96 Operating result 5 048 Valuation adjustments on acquisitions -39 Corporate costs -517 Central support services -316 Other unallocated expenses, net -201 Operating profit 4492 12
Slide 40: Summary Balance Sheet and Inventory
SUMMARY BALANCE SHEET AND INVENTORY at31 March €m FY26 FY25 Non-current assets 13 689 Current assets 28 934 Non-current liabilities 9140 Current liabilities 9 341 Equity attributable to owners of the parent company 24076 Non-controlling interests 66 Equity 24142 including Net cash 8496 8287 at 31 Ma
Slide 41: Retail Network
FY26 RETAIL NETWORK March March Net change 2026 2025 Total Jewellery Maisons 524 +15 Cartier 273 2 Van Cleef & Arpels 175 7 Buccellati ‘57 +8 Total boutiques Vhemiel W @ Specialist Watchmakers 908 -24 2 376 (-60) Iwc 238 +6 Jaeger-LeCoultre ital 6 Panerai ‘167 “17 of which... Piaget 127 9 Vacheron C
Slide 42: Hedging
HEDGING » Group is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to CHF and EUR, against AED, HKD, JPY, SGD, USD and CNY » 70% of the forecasted net cash flow exposure is hedged on a 12-month rolling basis, raised to 100% in a 2-month window » Reali
Slide 43: Definitions
DEFINITIONS » yoy means year on year change vs year ended 31 March 2025 » Movements at constant exchange rates are calculated by translating underlying sales and operating profit in local currencies into euros in both the current period and the comparative periods at the average exchange rates appli
Slide 44: At Richemont
AT RICHEMONT We Craft the Eutave Buccellati Cartier » Van Cleef & Arpels * Vhernier A. Lange & Séhne * Baume & Mercier * IWC * Jaeger-LeCoultre * Panerai * Piaget * Roger Dubuis + Vacheron Constantin Aldia * Chloé * Delvaux * dunhill * G/FORE * Gianvito Rossi * Montblanc » Peter Millar * Purdey * Se
Compagnie Financière Richemont — FY2026 Earnings Presentation on 6ix