2021 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officer remuneration

AMOUNT OF THE ACTUAL VARIABLE REMUNERATIONOF GONZALVE BICH FOR 2021

Gonzalve Bich

% cible 125 %

2021 Bonus Targets

Actual 2021 to be paid as a % of the fixed compensation

Payout level (Achievement x weight)

Minimum 2020 Actuals

Weight of criteria

Achievement level

Criteria

Target

Maximum

+6.5% increase at constant currencies +11.8% increase at constant currencies

+ 10.4% increase at constant currencies +23.1% increase at constant currencies

Group Net Sales

25 % 1,628 m€

150 %

37.5%

46.88 %

Group Adjusted Ebit

25 % 229.1 m€

150 %

37,5 %

46.88 %

Group Cash Conversion Cycle

20 % 199 days

192 days

185 days

0 %

0 %

0 %

Personal objectives

30 %

15,0 %

37,5 % 56,25 %

100 %

30 %

37,5 %

TOTAL

100 %

105 %

131.25 %

targets, but progress still needs to be made on the reduction of the share of non-virgin petroleum plastic in our products. The Horizon plan is on or above target on both Net Sales and aBIT margin, and Free CashFlow was above the commitment requested from the team. Based on the recommendation of the Nomination Committee, and as approved by the Board of Directors on February 15, 2022, the personal objectives will be paid at 100% of target, resulting in a payout of 1,010,625 US dollars.

For 2021, the personal objectives represent 30% of the target variable remuneration and a maximum of 56.25% of the fixed remuneration. As disclosed previously, the individual objectives for the Chief Executive Officer were set around several qualitative elements, considered to be of equal importance. These objectives focused on, but were not limited to, the implementation of the Horizon strategy, growth initiatives and ESG Criteria. From an ESG perspective, a 3-point progress in the % of women among the director population was registered, with the 30% of these positions now being held by women. The level of reusable, recyclable or compostable consumer packaging progressed beyond

Individual remuneration 4.2.2.3 Total remuneration and fringe benefits awarded for FYs 2020 and 2021 by SOCIÉTÉ BIC and by the companies it controls (1) to members of the Management bodies of SOCIÉTÉ BIC in respect of their duties within the Group amounted to:

TABLE A – SUMMARY OF REMUNERATION, OPTIONS AND SHARES AWARDED TO EACH CORPORATE OFFICER

(Table 1 following the format in French Financial Markets Authority Position-Recommendation No. 2009-16)

Pierre Vareille Chair (non-executive) January 1 – May 19, 2021

FY 2021 (in euros)

FY 2020 (in euros )

Remuneration due in respect of the year (detailed in table B)

300,000

125,000

Amount of multi-year variable remuneration awarded during the year

-

-

Amount of stock options awarded during the year (detailed in table D)

-

-

Amount of performance shares awarded during the year (detailed in table G)

-

-

TOTAL

300,000

125,000

Within the meaning of Article L. 233-16 of the French Commercial Code. (1)

177

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •

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