Hermès // 2021 Universal Registration Document

1

PRESENTATION OF THE GROUP AND ITS RESULTS KEY FINANCIAL FIGURES

KEY FINANCIAL FIGURES

1.5 AFR

REVENUE BY MÉTIER FOR 2021

REVENUE BY GEOGRAPHICAL AREA

1.5.1

1.5.2

(2020)

FOR 2021 (2020)

Other products 3% (4%)

France 9% (10%)

Watches 4% (3%)

Other 2% (1%)

Perfume and Beauty 4% (4%)

Leather Goods & Saddlery 46% (50%)

Americas 16% (15%)

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

Other Hermès sectors 11% (10%)

Silk and Textiles 7% (7%)

Japan 11% (13%)

Asia-Pacific (excl. Japan) 47% (46%)

Ready-to-wear and Accessories 25% (22%)

KEY CONSOLIDATED DATA

1.5.3

2018 Restated *

2021

2020

2019

2017

In millions of euros

Revenue

8,982

6,389

6,883

5,966

5,549

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

41% 42%

(7)% (6)%

15% 12%

8%

7% 9%

10%

Recurring operating income 2

3,530

1,981

2,339

2,075

1,922

in % of revenue Operating income in% of revenue

39%

31%

34%

35%

35%

3,530

2,073

2,339

2,128

1,922

39%

32%

34%

36%

35%

Net income attributable to owners of the parent

2,445

1,385

1,528

1,405

1,221

in % of revenue

27%

22%

22%

24%

22%

Operating cash flows Operating investments Adjusted free cash flow 3

3,060

1,993

2,063

1,863

1,580

532

448 995

478

312

265

2,661 9,400 6,695 7,070

1,406 6,568 4,372 4,562

1,447 5,470 3,465 3,615

1,340 5,039 2,912 3,050

Equity attributable to owners of the parent

7,380 4,717 4,904

Net cash position 4

Restated net cash position 5 Headcount (number of people)

17,595 13,483 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 Group management. It corresponds to operating income excluding non-recurring (2) 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 the repayment of lease liabilities recognised in (3) accordance 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. Restated net cash corresponds to net cash plus cash investments that do not meet the IFRS criteria for cash equivalents due in particular to their original maturity of (5) more than three months, less borrowings and financial liabilities. 16,600 15,417 14,284

24 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL