2022 UNIVERSAL REGISTRATION DOCUMENT Including the Annual Financial Report, the Integrated Report and the Non-Financial Information Statement Contents 1 1.1 1.2 1.3 1.4 1.5 2 2.1 2.2 2.3 2.4 2.5 2.6 2.7 3 3.1 3.2 3.3 3.4 3.5 4 4.1 4.2 4.3 4.4 4.5 4.6 4.7 5 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 Presentation of the Group – Integrated Report * The L’Oréal Group: the fundamentals L’Oréal, a value-creating model NFPS 2022 Financial Results and Corporate Social Responsibility commitments A tailored, agile and responsive organisation Internal Control and risk management system 5 6 14 36 50 51 6 6.1 6.2 6.3 6.4 6.5 6.6 Corporate governance * Framework for the implementation of corporate governance principles Composition of the Board at 31 December 2022 Organisation and modus operandi of the Board of Directors Remuneration of directors and corporate officers Summary table of the recommendations of the AFEP‑MEDEF Code which have not been applied Summary statement of trading by directors and corporate officers in L’Oréal shares in 2022 Statutory Auditors’ Special Report on regulated agreements Risk factors and risk management * Definition and objectives of Internal Control Components of the Internal Control and Risk Management system Preparing and processing accounting and financial information Vigilance Plan Risk factors and risk management Social, environmental and societal responsibility * NFPS Introduction Main non-financial risks Policies, performance indicators and results L’Oréal for the Future: 2022 results Methodological notes Cross-reference tables, including NFIS and GHG balance Statutory Auditor's Reports 2022 Consolidated Financial Statements * Compared Consolidated Income Statements Consolidated Statement of Comprehensive Income Compared Consolidated Balance Sheets Consolidated Statements of Changes in Equity Compared Consolidated Statements of Cash Flows Notes to the Consolidated Financial Statements Main consolidated companies at 31 December 2022 Statutory Auditor's Report on the Consolidated Financial Statements 53 54 57 72 91 114 115 115 117 6.7 6.8 6.9 7 322 337 338 339 340 345 346 348 350 353 358 7.6 Information and shareholder dialogue policy 363 8 8.1 8.2 124 126 141 9 239 244 Share capital and stock market information 318 319 320 321 Information relating to the Company Information concerning the share capital * Shareholder structure * Long-term incentive plans * The L’Oréal share/the share market 119 152 160 162 231 232 Compared income statements Compared balance sheets Changes in shareholders’ equity Statements of cash flows Notes to the financial statements of L’Oréal S.A. Other information relating to the financial statements of L’Oréal S.A. Five-year financial summary Equity investments (main changes including shareholding threshold changes) Statutory Auditor's Report on the financial statements 317 7.1 7.2 7.3 7.4 7.5 118 151 Parent company financial statements * 9.1 9.2 9.3 9.4 9.5 9.6 9.7 9.8 Annual General Meeting Draft resolutions and Report of the Board of Directors to the Ordinary and Extraordinary General Meeting to be held on Friday 21 April 2023 Statutory Auditor's Report Appendices Statutory Auditors * Historical financial information included by reference Declaration by the person responsible for the Universal Registration Document and the Annual Financial Report * Cross-reference table with the Universal Registration Document Annual Financial Report cross-reference table Cross-reference table with the AMF tables on the remuneration of directors and corporate officers Management Report cross-reference table Glossary 365 366 385 387 388 388 388 389 391 391 392 394 253 254 255 256 257 259 260 310 313 Detailed chapter contents can be found at the beginning of each chapter. * This information forms an integral part of the Annual Financial Report as provided in the article L. 451-1-2 of the French Monetary and Financial Code. Universal Registration Document 2022 INCLUDING THE ANNUAL FINANCIAL REPORT THE INTEGRATED REPORT AND THE NON-FINANCIAL INFORMATION STATEMENT The Universal Registration Document has been filed on March 16, 2023 with the French Financial Markets Authority (AMF), as competent authority under Regulation (EU) 2017/1129, without prior approval pursuant to article 9 of said regulation. The Universal Registration Document may be used for the purposes of an offer to the public of securities or admission of securities to trading