Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

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

1.6.7.6 Lastly, in Australia, the new farm, whose work began in 2020, was delivered in 2022. It incorporates the lessons and savoir‑faire of eight years of research and development of the best breeding standards, with in particular the design of new tanks and an optimised layout. This project also has a significant ambition in terms of sustainable development, responsible management of resources, circularity and involvement of local stakeholders. HERMÈS HORIZONS Since the beginning, Hermès has offered its customers the creation and manufacture of exclusive bespoke objects. This service, at the heart of the House’s history, is provided by Hermès Horizons. Every day, this métier explores new creative ideas, exceptional materials and savoir‑faire , to bring the dreams of its customers to life. The calfskin business, for both the House and external customers, exceeded all expectations. The colour Box reached a new peak and the Epsom , Togo and Négonda finishes met sustained demand from the Hermès Leather Goods division. Unusual matches and new developments should make it possible to continue this growth for the House in the coming years. The House's goat leather activity also experienced a strong increase, thanks in particular to emblematic leathers such as Chagrin goat and Mysore goat. Despite the international crisis context and the highly inflationary situation, the division managed to maintain its supplies. Efforts to continuously improve the quality of supplies continued throughout the year in the three sectors: exotic leathers, calfskin and goatskin. The House’s high transformation rates attest to the importance of the efforts made in recent years, across all sectors. The Tanneries division is committed to ensuring that it always acts responsibly, in line with Hermès’ ethical and sustainable development values. Hence, it only sells exotic hides where the source is perfectly identified, controlled and audited, and refrains from dealing in certain species or sectors, if necessary. In 2022, the division continued to implement the unit traceability of calf hides. Today, 100% of its exotic leathers and 65% of its calfskin are traced in this way. In addition, it continues to support external initiatives and scientific collaborations aimed at improving the standards of each supply chain. Optimising the use of materials is also at the heart of the objectives. As in recent years, joint teamwork with the craftsmanship division and the House’s various métiers continued successfully. In the same vein, efforts to innovate and digitise the activity are continuing to improve knowledge of production parameters, improve the ability to reproduce these, and facilitate the response to customer demand for finished products.

1.6.7.4 The other highlights of the year are linked to the arrival of a new creative team, whose first collection, drawing on the savoir‑faire of the tailor‑made workshops of rue de Mogador, in Paris, and Northampton, will be marketed in stores and at partners from spring‑summer 2023. TEXTILES Holding Textile Hermès regroups and coordinates under one structure all savoir‑faire relating to textile production: from creation to sewing, encompassing weaving, engraving, printing, dyeing and finishing. It serves the Group’s different métiers , as well as external markets such as clothing and interior decoration, in particular with the brands Bucol, Métaphores, Verel de Belval and Le Crin. 2022 was marked by the dynamism of internal orders from all Hermès divisions, in particular thanks to the development of innovative products such as the double‑sided scarf. To support the Group’s growth, Holding Textile Hermès is enabling a significant increase in its production capacities, combined with strict control of the quality of its products. To assist with this, the real estate project on the Pierre‑Bénite (Rhône) site continued: following the delivery of the logistics and industrial buildings in 2020 and 2021, the finalisation of the offices was completed in 2022 in order to provide employees with open, innovative and collaborative workspaces. TANNERIES AND PRECIOUS LEATHERS The Tanneries division handles the purchase, tanning, finishing and sale of precious leathers destined for the Hermès Group and for high‑quality brands and creations, mainly in the fashion, leather goods and watches industries. Its activities cover calfskin and goatskin as well as exotic leathers. The division also manages the integrated crocodile farming operations. Its objective is to assert its position of excellence in the precious leather market by securing its supplies, optimising its production capacities and developing its savoir‑faire , as well as respecting the environment and animal welfare. It constantly works and invests in this direction, focusing on innovation, creativity and the exemplary nature of its supply chains. Once again this year, the mobilisation of teams and the synergies established between the division’s tanneries and the House’s main métiers made it possible to serve a sharp increase in needs. Activity in 2022 thus exceeded the 2019 record level . The exotic leathers activity was able to respond to the spectacular dynamism of the Ready‑to‑wear and Accessories métier . The division has also developed new exceptional finishes to support the value strategy of the Leather Goods segment: the Boréal , Satin , Jungle and Ultra Souple finishes have thus added to the offering. Lizard leathers have also experienced significant growth within Hermès’ various métiers . 1.6.7.5 The 2022 advertising campaigns strengthened the House’s values of quality and excellence and conveyed its philosophy through the “That's Lobb” slogan, while distilling the dose of cheek and daring so dear to English humour.

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2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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