2021 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officer remuneration

Pay equity ratio In accordance with the requirements of the French PACTE law, the following table presents the pay equity ratio and the annual evolution of compensation, pay equity ratio and company performance since 2018. The compensation date prior to 2018 is not available due to a change in the payroll system. The scope for calculating the ratio includes all legal entities in France, constituting a scope cpvering the different activities of teh group. Only employees present thoughout the year were included in the calculation.

The following elements of compensation were taken into account: fixed and variable compensation paid during the year in ● question (1) ; share awards recognized at IFRS value at the grant date; ● gross profit sharing awards; ●

benefits in kind such as company cars; ● divided equivalents paid during the year. ●

2021

2018

2019

2020

All figures are in Euros

FX rate EUR/USD

1,8110

1,1196

1,1405

1,1832

TOTAL COMPENSATION Chair of the Board

187,500

300,000

300,000

300,000

Chief Executive Officer

2,061,961

2,728,952

2,846,374

2,943,533

Executive Vice President

1,470,572

1,608,130

789,665

-

Executive Vice President

571,187

464,915

-

-

Average compensation BIC employees

54,934

55,781

49,682

48,931

Median compensation BIC employees

37,780

38,353

35,169

33,983

RATIOON AVERAGE SALARY Chair of the Board

3

5

6

6

Evolution N-1

-

+2 points

+ 1 point

=

Chief Executive Officer

38

49

57

60

Evolution N-1

-

+11 points

+ 8 points

+ 3 points

27

29

32

-

Executive Vice President

Executive Vice President

10

8

-

-

RATIOONMEDIAN SALARY Chair of the Board

5

8

9

9

Evolution N-1

-

+3 points

+ 1 point

=

Chief Executive Officer

55

71

81

84

Evolution N-1

-

+16 points

+10 points

+ 3 points

Executive Vice President

39

42

45

-

Executive Vice President

15

12

-

-

Net sales (m€)

1,949.8

1,949.4

1,627.9

1 ,813.9

The variable compensation paid in 2021 for FY 2020 is included in the 2021 data. (1)

180

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •