The letter to shareholders - N°86 Winter 2023

Report

MEETING OUR SHAREHOLDERS

In November, L’Oréal was awarded the “Pedagogy Prize” at the Boursorama 2023 Investor Awards for the quality of its shareholder communications. The Group has always prioritised dialogue as part of a drive to support, inform and build the loyalty of its investors. This year, in addition to the Annual General Meeting, L’Oréal has stepped up in-person opportunities to meet shareholders, strengthen ties and deepen understanding.

In the second half of the year, L’Oréal held two shareholder meetings with Air Liquide in Annecy and Bordeaux, attracting more than 750 participants.

Pascale Guerin, Director of Individual Shareholder Relations explains:

These events are an opportunity to enrich our interaction with shareholders.  We shared what makes the Group successful, attractive prospects in the beauty market, and how L’Oréal continues to outperform and create sustainable value for stakeholders.

In November, to meet growing shareholder interest for more information on the Group, its brands and operations, L’Oréal organised an exclusive tour of its Vichy production facility in France for shareholders in the region.

Dedicated to the L’Oréal Dermatological Beauty Division, the plant makes skincare and hygiene products — using thermal spa water — for brands such as Vichy, La Roche- Posay, CeraVe and SkinCeuticals. 80% of production is exported to more than 60 countries. Vichy teams have in-depth knowledge and expertise in dermatological skincare. The facility and its high-tech hub demonstrate how agile industrial operations have driven the exceptional growth of the Dermatological Beauty Division over the past three years.

Join the Shareholder Consultation Committee!

Take the opportunity to explore the many facets of L’Oréal by joining the Shareholder Consultation Committee. The committee currently has 12 members, one third of whom are renewed annually.

In 2023, Committee members took a deep dive into L’Oréal brands by visiting the Retail Lab, which serves as a laboratory to develop in-store customer experiences for the Group’s brands. In September, during an informal event with Nicolas Hieronimus, Chief Executive Officer of L’Oréal, and Christophe Babule, Chief Financial Officer, shareholders were able to ask questions on a range of topics and explore the L’Oréal for the Future programme.

If you would like to join the Committee, complete the questionnaire (in French) to apply