BIC - 2019 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officers’ compensation

AMOUNT AND STRUCTURE OF THE TARGET VARIABLE COMPENSATIONOF JAMES DIPIETRO IN 2019

20% GroupNetsales

30% PersonalObjectives

43% Target Bonus

57% Fixed Income

20% GroupIncome fromoperations

10% GroupReceivables

10% GroupInventories

10% GroupNetIncome

BONUS – JAMES DIPIETRO

Actual 2019 bonus paid as a% of base compensation

2019 Bonus as a% of fixed compensation

Index of achievement of 2019 objectives

Target (index 100)

Criteria

Weight of criteria

Minimum

Maximum

Group Net sales

20%

6.00%

15.00%

22.50%

96.4

13.50%

Group Income fromOperations

20%

6.00%

15.00%

22.50%

91.9

11.40%

Group Net Income

10%

3.00%

7.50%

11.25%

92.7

5.93%

Group Inventory

10%

3.00%

7.50%

11.25%

93.7

6.14%

Group Receivables

10%

3.00%

7.50%

11.25%

91.8

5.70%

Personal Objectives

30%

9.00%

22.50%

33.75%

60.0

13.50%

Succession Plan • Strategy & Long-Term Planning • Finance functional review • TOTAL

100%

30.00%

75.00% 112.50%

56.17%

Total compensation 4.2.2.2 The total amount of fixed and variable compensation awarded to the four Corporate Officers for the fiscal year 2019 is equal to 1,578,150 euros in respect of fixed compensation (base) and 1,000,564 euros in respect of variable compensation (bonus). For the fiscal year 2018, those amounts paid to the five Corporate Officers are equal to 1,472,083 euros in respect of fixed compensation (base) and 1,004,723 euros in respect of variable compensation (bonus). The total amount of compensation awarded to the members of the Leadership Team (the Executive Committee including the Chief Executive Officer and the Executive Vice-President) for the fiscal year 2019, 9 team members, is equal to 2,944,824 euros in respect of fixed compensation (base) and 1,754,762 euros in respect of variable compensation (bonus). For the fiscal year 2018 the leadership team comprised 16 team members and those amounts were 4,433,141 euros in respect of fixed compensation (base) and 2,366,239 euros as variable compensation (bonus).

At the end of the year 2019, individual and collective achievements on each criteria were assessed. The individual part represents 30% of the target bonus and represents a maximum of 33.75% of fixed compensation. The Board has decided to pay James DiPietro a bonus amounting to 321,800 U.S. dollars representing 56.17% of fixed compensation and 74.9% of the target bonus.

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• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •