Financial Statements 2021

2. Notes to the IFRS Consolidated Financial Statements / 2.6 Employees Costs and Benefits

Post-Employment Benefit Costs Post-employment benefit costs relate to the aggregated amount of current service and interest costs for defined benefit plan and company cost for contributions base plans. Following the Board decision approved in the AGM 2020, the CEO pension rights are accrued through a defined contributions plan from 1 January 2020, which coexists with the former defined benefit pension plan. The accrued pension rights under the former defined benefit plan have been frozen at the end of 2019 and remain unvested until the retirement date of the CEO. The pension rights arising from the Company’s defined contribution plan are deducted from the frozen defined pension rights. As of 31 December 2021, the defined benefit obligation related to the frozen defined benefit commitment amounts to €9,048,433 (€9,423,777 in 2020). This obligation has been accrued in the 2021 Consolidated Financial Statements and will be updated annually up to the retirement date of the CEO considering additional service cost and future changes on economic assumptions or other factors like salary increase. For the fiscal year 2021, the cost related to the CEO’s pension rights accrued under Company’s plans during the year represented an expense of €1,138,794 ( versus an expense of €1,179,332 in 2020). The annual cost of pension rights accrued under applicable mandatory collective and state pension plans are accounted for among social charges

Share-based Remuneration The table below gives an overview of the interests of the CEO, under the various LTIPs of the Company:

Granted Date

LTIP 2016 (1)

LTIP 2017 (1)

LTIP 2018 (1)

LTIP 2019 LTIP 2020 LTIP 2021

Performance Units and Shares

11,392

8,808

8,416

11,060

19,840

12,121

Revaluation

75%

50%

50%

100%

100%

100%

Performance Units and Shares revalued

8,544

4,404

4,208

11,060

19,840

12,121

Vested in 2021 in cash

2,136

1,101

0

0

0

0

in shares

0

2,202

0

0

0

0

Outstanding 2021 in cash

0

1,101

2,104

5,530

9,920

0

in shares

0

0

2,104

5,530

9,920

12,121

Vesting schedule

Cash-settled units

For vesting dates, see “– Note 32.1: LTIP”

Equity-settled units

May 2020 May 2021 May 2022 May 2023 May 2024 May 2025

(1) 2016 to 2018 awards were granted before the appointment of the CEO and could vest during the CEO’s mandate.

Vesting of all Performance Units and Performance Shares granted to the CEO is subject to performance conditions. As of 31 December 2021, provisions of € 1,188,050 (2020: € 919,556) relating to Performance Units have been recognised. The pay-out from vested cash-settled LTIP in 2021 was €324,504 (2020: €401,261) excluding social charges.

Termination Benefits The termination benefit applicable to the CEO is described in the Company’s Remuneration policy.

Other Benefits As stipulated in the Company’s Remuneration Policy, the benefits offered to the CEO are similar to the benefits granted to other executives of the Company and comprise, among other matters, medical, death and disability coverage (both through the French social security system and mandatory collective Company’s plans), a company car and usual facilities. Costs of benefits provided through applicable mandatory collective and social security plans are accounted for among social charges. The monetary value of other benefits provided to the CEO in 2021 amounted to €32,479 (2020: €33,790). The Company has not provided any loans to, advances to and guarantees on behalf of the CEO.

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Airbus / Financial Statements 2021