Hermès // 2021 Universal Registration Document

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

EQUESTRIANISM

MEN’S READY-TO-WEAR

1.6.1.6

1.6.2.2

2021 was a landmark year for the Equestrian métier . In January, Steve Guerdat, a Swiss show jumper, joined the House as a partner rider and, by his own admission, fell in love with the Hermès saddle. Three-time winner of the World Cup final and double Olympic medallist, Steve Guerdat is a horse enthusiast respected by the entire equestrian world. During the summer, the Hermès saddle shone at the highest sporting level, winning three medals at the Tokyo Olympic Games: two gold for the German dressage rider, Jessica Von Bredow-Werndl, and a bronze for the Belgian rider, Jérôme Guery in show jumping. These accolades were followed with great emotion by the saddler craftspeople at the Faubourg Saint-Honoré and Normandy workshops. These sporting performances were accompanied by a very positive commercial dynamic in all countries. Saddle sales are growing thanks to a renewed offering, visibility in elite sport and the business model focused on saddle experts, who bring unique technical expertise and customer experience. Lastly, the universe of the Dog, which has been reinvented by drawing inspiration from the House’s archives and savoir-faire , has made a grand and joyous debut in stores around the world. 1.6.2 The Ready-to-wear and Accessories métier is the Hermès Group’s second largest sector, representing 25% of consolidated sales. In 2021, it generated €2,219 million in revenue. In 2021, the summer collection offers a minimal and refined wardrobe, built around a slender silhouette whose fluidity and sensuality are underlined by graphic lines, supple constructions and light materials. The collection is structured along three lines: wardrobe essentials, articles inspired by the equestrian universe, and finally, the work of the summer coat and suit, where the classic materials of the suit, wool or Prince of Wales check, are revisited for enhanced freshness and lightness. Still in this spirit of purity, suits and free-flowing articles delicately embrace bare skin. For winter, Nadège Vanhée-Cybulski, creator of women’s ready-to-wear, expresses a message of optimism and a call to the great outdoors. The fall-winter collection, dedicated to a sensual woman seeking a balance between sophistication and comfort, is above all reassuring and elegant. The clothes are shapely, signed and fitted. The Tattersall, a checked fabric of equestrian origin, is omnipresent and magnified, printed on a water-repellent cotton twill or woven in a cashmere and silk knit. The Medor stud, one of the House’s emblematic metallic items, dots various pieces, cotton blouses and pleated skirts, or is used as a button closure on cashmere coats. READY-TO-WEAR AND ACCESSORIES WOMEN’S READY-TO-WEAR 1.6.2.1

In this year of great upheavals, it was necessary to reinvent the way of designing a collection while perpetuating the stylistic vision dear to Véronique Nichanian, Artistic Director of the men’s universe. The spring-summer collection blows a breeze of lightness, casualness and freedom. In a play on encounters between depth and fantasy, between innovation and heritage, the clean silhouettes create a relaxing timelessness. The colours form contrasting harmonies, while the stripes of the shirts are used on linings, double plackets and yokes. The fall-winter collection is committed to reconnecting with the movement of the world. The clothes leave their traditional frame and become bridges between the inside and the outside. Hybrid and practical, they invite travel from the inside to the outside, and vice versa , in a constant quest for comfort and flexibility. As a source of energy, they offer a range of contrasting lines and colours. With these two collections, Véronique Nichanian instils an optimistic spirit imbued with nonchalance. 1.6.2.3.1 Fashion jewellery Fashion jewellery gives pride of place to materials. The excellence of leather savoir-faire is fully demonstrated through the different realisations of the new Entrelacs line, whose arabesques are cut from a single piece of leather and highlighted with saddle stitching. The Clic All Over enamel bracelet is adorned with new prints that feature toucans, cheetahs, equestrian motifs or an interstellar decor. Wicker, a plant fibre already present in previous collections, comes back to dress the Dog Collar cuff and a pair of earrings in original colours, Naples yellow, ecru and nasturtium. As for the lacquered wooden bracelets, they give a nod to felines by dressing up in spots, evoking the fur of these animals, lacquered by hand in successive layers for a particularly sleek finish. 1.6.2.3.2 Belts The women’s belts are daring, adding a touch of fantasy to classic models, in particular a buckle composed of juxtaposed metal bubbles, with sparkling curves. Fantasy is also expressed in the colours, always very much present on the leather belts and which is also used on the boucle H with new enamel models, in plain colours for summer or printed with a feline pattern, echoing the jewellery accessories for winter. In order to adapt to all uses, for the first time, the women’s collections include an adjustable and reversible belt. FASHION ACCESSORIES 1.6.2.3

28 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL