Hermès // 2021 Universal Registration Document

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PRESENTATION OF THE GROUP AND ITS RESULTS REVENUE AND ACTIVITY BY MÉTIER

REVENUE AND ACTIVITY BY MÉTIER

1.6 AFR

Change

2021 Revenue in millions of euros

2020 Revenue in millions of euros

at current exchange rates

at constant exchange rates

2021 mix in %

2020 mix in %

Leather Goods & Saddlery Ready-to-wear and Accessories

4,091 2,219

46% 25%

3,209 1,409

50% 22%

27% 58% 48% 56% 46% 72% 28% 41%

29% 59% 49% 57% 47% 73% 29% 42%

Silk and Textiles

669

7%

452 643 263 196 218

7%

Other Hermès sectors Perfume and Beauty

1,001

11%

10%

385 337 279

4% 4% 3%

4% 3% 4%

Watches

Other products

CONSOLIDATED REVENUE

8,982

100%

6,389

100%

LEATHER GOODS & SADDLERY 1.6.1 Leather Goods & Saddlery, Hermès’ original métier , encompasses bags for men and women, clutches, briefcases, luggage, small leather goods, diaries and writing objects, saddles, bridles and a full range of equestrian products and clothing. The Leather Goods & Saddlery métier represents 46% of consolidated sales. In 2021, it generated €4,091 million in revenue. Hermès saddlery and leather goods articles are born of an alchemy of authentic materials, selected according to rigorous standards, and the skilled hands of the saddler-leather workers, who apply traditional savoir-faire passed down from generation to generation. The care taken by the craftspeople each day patiently crafting and fashioning the raw leather gives these unique objects a distinctive additional measure of personality. Today, they are made by over 4,300 saddler-leather craftspeople in 19 production units and workshops spread over Paris, Pantin and six regions across France. To meet sustained high demand, Hermès opened two new leather goods workshops in 2021, one in Gironde and the other in Seine-et-Marne. Two other leather goods workshops are under construction: one in the Eure, with opening scheduled for the end of 2022, and the other in the Ardennes for 2023. The construction of the new glove and leather goods building in Saint-Junien (Haute-Vienne), which will be completed in 2023, will double the number of craftspeople on this site. Hermès is also preparing to start work on its new production unit in Riom (Puy-de-Dôme), which is scheduled to open in 2024. These establishments are set up in close collaboration with the various local stakeholders and regional administrative and economic development bodies. In this way, Hermès reaffirms its commitment to regions with a strong manufacturing savoir-faire , and its will to provide high-quality jobs. The House is also continuing to perfect the skills and savoir-faire of its craftspeople through a range of training and professional qualification programmes. These programmes are delivered within the École Hermès des Savoir-Faire and through a range of partnerships with training structures in the regions concerned.

WOMEN’S BAGS

1.6.1.1

A new style of clasps inspired by equestrian silversmithing has been introduced in the collections of women’s bags. On the Hermès Della Cavalleria bag, the clasp is in the shape of a boldly assertive bridle bit, following the smooth curves of the leather perfectly, revealing an astonishing construction and highlighting the work in the contours. In the same vein, a bit straight from the discipline of dressage gives its structure to a new small bag with straight lines, called the Mors de Bride . The Hermès Perspective Cavalière bag is a new leather shoulder bag with a nomadic touch, available in two sizes. Its clean lines and construction are reminiscent of the curves of a saddle, a lineage underlined by the saddler’s rivet that serves as a closure. The collection of everyday bags welcomes the H en Biais tote bag, which reinterprets an emblematic design from the 1970s in an original jacquard canvas or in a raised embroidery tufted canvas. The Birkin continues to reinvent itself and its uses. As an ode to its original function, the Birkin Fray Fray 35 reinterprets the large tote bag in a light and cheerful canvas version, with its edges frayed by hand to create coloured fringes. As for the Birkin 3 in 1 , it offers a play on deconstruction and reconstruction around its emblematic flap, allowing several uses as a tote bag to be carried with or without its clutch bag. The reinterpretation of the great classics is expressed through exceptional versions, designed in an “Arts & Crafts” spirit. Like the Kelly Padded whose embossed leather work evokes the seats of vintage cars and illustrates the savoir-faire of the upholsterer. The Kelly and Birkin 25 In and Out bags inaugurate a new technique of detailed printing on leather, which reveals playful designs. The Picnic story, which celebrates the meeting of savoir-faire in basketry and leather goods, continues with the Birkin 25 Picnic . The Birkin 35 Faubourg Tropical calls upon the exceptional skills of Indian embroiderers to cover the bag entirely with lush vegetation, embroidered using the point de Lunéville technique and requiring 53 colours of thread. Two other odysseys continue, that of the Birkin Faubourg , proposed this year in an “in the snow” version, and that of the Birkin Shadow , an optical illusion made from embossed leather on the size 25. The “Studio 24” evening look transposes the

26 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL