HERMÈS - 2019 Universal Registration Document

CORPORATE GOVERNANCE SUPERVISORY BOARD'S' REPORT ON CORPORATE GOVERNANCE

RATIOS AND ANNUAL CHANGE IN COMPENSATION, THE PERFORMANCE OF THE COMPANY, THE AVERAGE COMPENSATION OF EMPLOYEES AND RATIOS

2019

2018

2017 8.6%

2016

2015 8.0%

MR AXEL DUMAS

Change in compensation compared with the previous financial year

10.0% 18 0 point

11.5%

12.7% 16 0 point

Ratio with average compensation Change compared with the previous financial year Ratio with median compensation Change compared with the previous financial year

18 +2 points 35 +3 points

16 0 point

16 1 point

38 +3 points

32 +1 point

31 +3 points

28 +2 points

2019

2018 0.0%

2017 0.0%

2016

2015 9.0%

ÉMILE HERMÈS SARL

Change in compensation compared with the previous financial year

10.0% 7 0 point

(71.8)%

Ratio with average compensation Change compared with the previous financial year Ratio with median compensation Change compared with the previous financial year

7 0 point 14 0 point

7 (1) point 14 (1) point

8 (24) points 15 (40) points

32 +2 points 55 +4 points

15 +1 point

3

2019 0.0%

2018 0.0%

2017

2016 0.0%

2015 0.0%

MR ÉRIC DE SEYNES

Change in compensation compared with the previous financial year

40.0% 1 0 point

Ratio with average compensation Change compared with the previous financial year Ratio with median compensation Change compared with the previous financial year

1 0 point 2 0 point

1 0 point 2 0 point

1 0 point 1 0 point

1 0 point 1 0 point

2 +1 point

2019

2018

2017

2016

2015

COMPANY EMPLOYEES

Change in the average compensation compared with the previous financial year

10.4%

1.1%

8.3%

13.9%

1.6%

2019

2018

2017 8.6%

2016 7.4% 9.7%

2015 8.1%

GROUP PERFORMANCE

Change in consolidated revenue at constant rates Change in consolidated net income before tax

12.4%

10.4%

9.9%

9.7%

14.2%

17.6%

Explanatory notes on the Executive Chairmen For the reasons set out on page 156 of the 2017 registration document, the compensation for Executive Chairmen was revised in 2017. Explanatory notes relating to the Chairman of the Supervisory Board For the reasons mentioned on page 156 of the 2017 registration document, the fixed compensation of the Chairman of the Supervisory Board was reevaluated in 2017.

Explanatory notes on the employees The changes for the five financial years presented in the above tables take into account the overall change in the total payroll, and for some financial years, notably 2015 and 2018, changes in scope. The overall policy, and all of the components of the compensation awarded to employees of the listed company, and those of other Group entities in France and abroad, are presented and set out on page 81, section 2.2 “People-Teams” of this Universal registration document.

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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