L'Oréal S.A. (LOR:CA) Presents at Barclays 19th Annual Global Consumer Staples Conference Transcript

L'Oréal S.A. (LOR:CA) Barclays 19th Annual Global Consumer Staples Conference September 8, 2026 9:00 AM EDT Company Participants Christophe Babule - Executive VP & CFO Conference Call Participants Warren Ackerman - Barclays Bank PLC, Research Division Presentation Warren AckermanBarclays Bank PLC, Research Division I'm delighted to welcome L'Oréal to the stage to open the conference. Thank you, Christophe, for joining us. I think L'Oréal has a video that they want to show first. Then Christophe is going to have a few minutes, and then we're going to have a fireside chat. Thank you, Christophe. Thank you. Christophe BabuleExecutive VP & CFO All right. So good morning to everybody. I'm very happy to open the Barclays Back to School Conference. As always, I will start with a short video, and I'm sure that this will bring a good dose of dopamine in this room. I will then make a few short remarks about the first half. And also I want to share my confidence about the rest of the year and beyond. So let's start with the video. [Presentation] So we delivered a strong first half. Organic sales growth of 6.5% accelerated steadily from last year and significantly outpaced the market that we believe stand at plus 4.5%. It was fueled by our Beauty Stimulus Plan as the weight of innovation increased by another 250 basis points. Growth was very broad-based. All divisions grew, led by Dermatological and Professional division. All regions also grew, emerging markets around 10%, developed markets in mid- to high single digits, and all categories grew led by fragrances, and haircare, and with an acceleration in skincare. Last, we grew twice as fast as the market in e-commerce, double down on the winning channel. Our virtuous P&L was