Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

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

1.6 REVENUE AND ACTIVITY BY MÉTIER AFR

Change

2021 Revenue 4,091 2,219

2021 Mix 46% 25%

2022 Revenue 4,963 3,152

2022 Mix 43% 27%

at current exchange rates

at constant exchange rates

In millions of euros

Leather Goods & Saddlery Ready‑to‑wear and Accessories

21% 42% 26% 37% 16% 54% 10% 29%

16% 36% 20% 30% 15% 46%

Silk and Textiles

842

7%

669

7%

Other Hermès sectors Perfume and Beauty

1,371

12%

1,001

11%

448 519 306

4% 4% 3%

385 337 279

4% 4% 3%

Watches

Other products

8%

CONSOLIDATED REVENUE

11,602

100%

8,982

100%

23%

1.6.1 LEATHER GOODS & SADDLERY Leather Goods & Saddlery, Hermès’ original métier , encompasses bags for men and women, travel articles, small leather goods and accessories, saddles, bridles, and a full range of equestrian products and clothing. The Leather Goods & Saddlery métier represents 43% of consolidated sales. In 2022, it generated revenue of €4 963 million. Hermès saddlery and leather goods are the result of a very special alchemy. It is based on a constant dialogue between designers and craftspeople, and the use of the finest materials, selected with great care. The craftspeople use traditional savoir‑faire , passed down from generation to generation. The care taken by the craftspeople each day patiently crafting and fashioning the leather gives these unique objects a distinctive additional measure of personality. They are made by more than 4,700 saddler‑leather craftspeople, spread across nine centres of expertise that bring together production units, workshops and training centres in Paris, Pantin and six regions of France. To meet continued strong demand, Hermès is expanding its network of manufacturing sites each year in order to strengthen its production divisions. Five new site projects are thus underway for the next five years. Following the inauguration in 2021 of two leather goods workshops, in Gironde and Seine‑et‑Marne, the Alpes division was strengthened in 2022 with the integration of the Thierry leather goods workshop (Haute‑Savoie), a long‑standing partner. Two new leather goods workshops are under construction, one in the Eure region, which is scheduled to open in April 2023, and the other in the Ardennes, which will come on stream in May 2023. A new building is also being built at the Saint‑Junien glove and leather goods workshop (Haute‑Vienne), with a view to doubling its workforce from June 2023. Lastly, work on the new production unit in Riom (Puy‑de‑Dôme) began in September 2022, and is scheduled to open in 2024. Hermès is

1.6.1.1 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 Once again this year, women’s bags unfurl with a focus on the latest habits, to create resolutely modern companions. Like the Hermès Geta bag, which can be worn over the shoulder, a supple model with a “sport‑chic” satchel spirit and a compact format, designed around a clever clasp. The unlined In the Loop bucket bags, beautifully signed with the Chaîne d’ancre link, enrich the family of everyday companions with two formats in just the right proportions. As for the Boucle Sellier bag, this brand new item, with its assertive “rock” feel, is adorned with a chiselled metal part borrowed from the jewellery range. This year celebrates the return of the Constance 24 bag in a pure and refined version. With its single gusset, harking back to the origins of the model, this slim format is embellished with a pocket on the back and an interior mirror. The evening universe is enriched with dedicated creations and its refined signature is inscribed on the clasps and materials. Thus, the new Cadenas clutch bag, which introduces a novel hands‑free way to carry it, highlights the savoir‑faire of its leather casing. also preparing the start of work on two future production units planned for 2025 in L'Isle‑d'Espagnac (Charente) and 2026 in Loupes (Gironde). All 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.

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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