Hermès // 2021 Universal Registration Document

PRESENTATION OF THE GROUP AND ITS RESULTS REVENUE AND ACTIVITY BY GEOGRAPHICAL AREA

VAUCHER MANUFACTURE FLEURIER

The manufacture of metal parts requires different savoir-faire . The machining or stamping of the material first make it possible to obtain raw parts. Polishing then gives them an exceptionally smooth surface, without streaks or scratches. This surface can then be covered with a thin layer of precious metal: white, yellow or rose gold, silver or palladium depending on the designer’s choice. Lastly, the complex parts and clasps are assembled and finished with a touch of brightening to ensure the items really shine. J3L also masters other savoir-faire , such as the lacquering of jewellery. These techniques have made it possible to effectively develop several new complex clasps for the Piloti , Manegio and Mors bags in 2021, as well as to install new finishes such as anodised aluminium (black, green and pink) on the padlocks of the Picotin bag, for example. Fully integrated within the Hermès Group since 2020, the J3L group, whose production quality has always been recognised as a benchmark, is also developing business with external customers.

1.6.8.2

1

La Montre Hermès holds a 25% share in the capital of Vaucher, the traditional watchmaking production unit. Located in the heart of traditional watchmaking territory, between Neuchâtel in Switzerland and the French border, the Vaucher production unit perpetuates superior savoir-faire and produces high-end and prestige watch movements.

BETTINA

1.6.8.3

Hermès holds a 40% share in the capital of Bettina, a long-time partner of the Group. The company specialises in the production of twillaine, a unique blend of knit and silk, and operates in the ready-to-wear sector, as well as in silk, textiles and the art of living.

MAISON PIERRE HARDY

1.6.8.4

Hermès holds a minority stake (33%) in the capital of Maison Pierre Hardy, a French shoe and fashion accessory design company directed by Mr Pierre Hardy, its founder and Artistic Director.

GROUP PARTNERSHIPS

1.6.8

PERRIN & FILS

1.6.8.1

Holding Textile Hermès has a 39.5% stake in the share capital of Perrin & Fils. The Perrin Group specialises in weaving for a range of sectors as diverse as lingerie, furnishing fabrics, ready-to-wear and accessories.

REVENUE AND ACTIVITY BY GEOGRAPHICAL AREA

1.7 AFR

2021 Revenue in millions of euros

2020 Revenue in millions of euros

Change

2021 mix in %

2020 mix in %

at current exchange rates

at constant exchange rates

Europe

2,140

24%

1,573

25% 10% 15% 59% 13% 46% 15%

36% 35% 37% 39% 17% 46% 52% 44% 41%

36% 35% 37% 40% 25% 45% 57% 45% 42%

838

9%

620 953

France s

Europe (excl. France) s

1,303 5,227

15% 58% 11% 47% 16%

Asia-Pacific

3,749

977

834

Japan s

Asia-Pacific (excl. Japan) s

4,251 1,458

2,915

Americas

959 108

Other

156

2%

1%

CONSOLIDATED REVENUE

8,982

100%

6,389

100%

EUROPE

of Rue des Archers, and doubles the number of its openings onto the city with 12 arched windows. All of the House’s craftsmanship is presented in a warm and colourful atmosphere, adorned with a unique “ brocatelle ” pattern evoking weaving savoir-faire . Hermès thus shows its attachment to the city of Lyon, the cradle of its textile and printed silk

1.7.1

In France, the beginning of the year was marked by two store reopenings. In Lyon, the store located on Rue du President Édouard-Henriot reopened its doors in February after being renovated and expanded. It now extends over more than 300 m 2 up to the corner

activities.

2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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