HERMÈS - 2020 Universal registration document

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PRESENTATION OF THE GROUP AND ITS RESULTS KEY FINANCIAL FIGURES

KEY FINANCIAL FIGURES

1.5 AFR

REVENUE BY SECTOR IN 2020 VS. 2019

BREAKDOWN OF REVENUE BY GEOGRAPHICAL AREA 2020 VS. 2019

1.5.1

1.5.2

Other products 4% (3%)

France 10% (13%)

Perfumes 4% (5%) Watches 3% (3%)

Other 1% (1%)

Leather Goods & Saddlery 50% (50%)

Silk and Textiles 7% (9%) Other Hermès sectors 10% (7%)

Americas 15% (18%)

Europe (excl. France) 15% (17%)

Ready-to-wear and Accessories 22% (23%)

Asia-Pacific (excl. Japan) 46% (38%)

Japan 13% (13%)

KEY CONSOLIDATED DATA

1.5.3

2018 Restated *

2020

2019

2017

2016

In millions of euros

Revenue

6,389 (7.2)% (6.0)% 1,981 31.0% 2,073 32.4% 1,385 21.7% 1,993

6,883 15.4% 12.4% 2,339 34.0% 2,339 34.0% 1,528 22.2% 2,063 1,406 6,568 4,372 4,562 15,417 478

5,966

5,549

5,202

Growth at current exchange rates vs. n-1 Growth at constant exchange rates vs. n-1 1

7.5%

6.7% 8.6%

7.5% 7.4%

10.4% 2,075 34.8% 2,128 35.7% 1,405 23.6% 1,863 1,447 5,470 3,465 3,615 14,284 312

1,922 34.6% 1,922 34.6% 1,221 22.0% 1,580 1,340 5,039 2,912 3,050 13,483 265

1,697 32.6% 1,697 32.6% 1,100 21.2% 1,427 1,212 4,383 2,320 2,345 262

Recurring operating income 2

In % of revenue Operating income In % of revenue

Net income attributable to owners of the parent

In % of revenue

Operating cash flows Operating investments Adjusted free cash flow 3

448 995

Equity attributable to owners of the parent

7,380 4,717 4,904

Net cash position 4

Restated net cash position 5 Workforce (number of employees)

16,600 12,834 Including the impact of IFRS 16 on leases. In accordance with IAS 8, Hermès has applied the new standard on a full retrospective basis, and has restated the financial * statements for the period ended 31 December 2018. Growth at constant exchange rates is calculated by applying, for each currency, the average exchange rates of the previous period to the revenue for the period. (1) Recurring operating income is one of the main performance indicators monitored by the Group's management. It corresponds to operating income excluding (2) non-recurring items having a significant impact that may affect understanding of the Group’s economic performance. Adjusted free cash flow is the sum of cash flows related to operating activities, less operating investments and repayment of lease liabilities recognised in accordance (3) with IFRS 16 (aggregates in the consolidated statement of cash flows). Net cash position includes cash and cash equivalents presented under balance sheet assets, less bank overdrafts which appear under short-term borrowings and (4) financial liabilities on the liabilities side. Net cash position does not include lease liabilities recognised in accordance with IFRS 16. The restated net cash position corresponds to net cash position plus cash investments that do not meet the IFRS criteria for cash equivalents due in particular to their (5) original maturity of more than three months, less borrowings and financial liabilities.

24 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL