BIC - 2018 Registration document

CORPORATE GOVERNANCE

Corporate Officers’ compensation

AMOUNT AND STRUCTURE OF THE TARGET VARIABLE COMPENSATION OF GONZALVE BICH IN 2018

20% GroupNetsales

30% Personalobjectives

44% Fixed Income

56% Target Bonus

20% Incomefrom Groupoperations

10% GroupReceivables

10% Group Inventory

10% GroupNet Income

BONUS – GONZALVE BICH Calculation is pro-rated according to successive compensation packages

Actual 2018 bonus paid, as a % of the fixed compensation

Index of achievement of 2018 objectives

Criteria

Weight of criteria

2018 Bonus as a % of fixed compensation

Minimum Target (index 100)

Maximum

Group Net Sales

20%

8.70%

21.70%

32.55%

98.8

21.05%

Group Income from Operations

20% 10% 10% 10% 30%

8.70% 4.30% 4.30% 4.30% 9.75%

21.70% 10.80% 10.80% 10.80% 32.50%

32.55% 16.20% 16.20% 16.20% 48.75%

107.7

23.00%

Group Net Income

95.4 99.8 99.7

9.40%

Group Inventory

10.80% 10.80% 32.50%

Group Receivables

Personal Objectives: Vision/Strategy • Communication Onboarding • TOTAL

100.0

100%

40.05%

108.30%

162.45%

107.55%

At the end of 2018, individual and collective achievements for each bonus plan criteria were assessed. The individual part represents 30% of the target bonus and represents a maximum of 48.75% of the fixed compensation. For 2018, the individual part represents 30% of the bonus due.

The Board of Directors has decided to pay Gonzalve Bich a bonus amounting to 725,963 U.S. dollars representing 107.55% of fixed compensation and 99.3% of the target bonus.

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •