1 PRESENTATION OF THE GROUP INTEGRATED REPORT* 1.1 THE L’ORÉAL GROUP: THE FUNDAMENTALS 6 1.1.1 Our Sense of Purpose ( raison d’être ) 6 1.1.2 A clear mission and strategy 7 1.1.3 The challenge of innovation: the strength of Research, Innovation  and  Technology 7 1.1.4 The dual goal: economic and corporate excellence to create lasting value for all 8 1.1.5 Stable governance 8 1.2 BUSINESS MODEL: ECONOMIC AND CORPORATE EXCELLENCE TO CREATE LASTING VALUE FOR ALL 14 1.2.1 L’Oréal Group Profile 16 1.2.2 The Group in key dates and figures 18 1.2.3 The beauty market, a strong recovery in 2021 22 1.2.4 Meeting the global demand for beauty 24 1.2.5 A portfolio of diverse and complementary brands 26 1.2.6 The bet on Research, Safety and Innovation 26 1.2.7 Operations, specialised expertise and core values to contribute to growth 30 1.3 2021 FINANCIAL RESULTS AND CORPORATE SOCIAL RESPONSIBILITY COMMITMENTS 36 1.3.1 2021 Results * 36 1.3.2 Corporate Social Responsibility (CSR): shared and lasting growth 46 1.4 AN ORGANISATION SERVING THE GROUP’S DEVELOPMENT 50 1.4.1 L’Oréal S.A. 50 1.4.2 Operational Divisions 50 1.4.3 Geographic zones 50 1.4.4 Support Divisions 50 1.5 INTERNAL CONTROL AND RISK  MANAGEMENT SYSTEM 51 * This information forms an intregral part of the Annual Financial Report as provided in Article L.451-1-2 of the French Monetary and Financial Code. L ’ ORÉAL I UNIVERS AL REGISTRATION DOCUMENT 2021 5