Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT
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CORPORATE GOVERNANCE COMPENSATION AND BENEFITS OF CORPORATE OFFICERS
AMOUNT OF COMPENSATION USED WITH REFERENCE TO THE NUMERATOR
2022
2021
2020
2019
2018
1
€4,486,458
€3,182,697 €3,403,423 €3,403,423 €3,092,816
MRAXEL DUMAS
1
€1,866,465
€1,279,003 €1,381,933 €1,381,933 €1,256,409
ÉMILE HERMÈS
MRÉRIC DE SEYNES €140,000 €140,000 €140,000 €140,000 €140,000 (1)The Executive Chairmen waived more than 75% of the increase, provided for by the applicable compensation policy, in their fixed compensation for 2022 (“additional”). Thus, in 2022, the Executive Chairmen received actual fixed compensation up 10% from their actual fixed compensation for 2021.
3.8.2.3.2 Presentation of ratios and annual change in compensation, the performance of the Company, the average compensation of employees and ratios
MRAXEL DUMAS – EXECUTIVE CHAIRMAN
2022
2021
2020
2019
2018
Change in total compensation paid during the financial year compared with the previous financial year Ratio compared with the average compensation of employees Change compared with the previous financial year Ratio compared with the median compensation of employees Change (in %) compared with the previous financial year Change in total compensation paid during the financial year compared with the previous financial year Ratio compared with the average compensation of employees Change compared with the previous financial year Ratio compared with the median compensation of employees Change (in %) compared with the previous financial year Change in total compensation paid during the financial year compared with the previous financial year Ratio compared with the average compensation of employees Change compared with the previous financial year Ratio compared with the median compensation of employees Change (in %) compared with the previous financial year ÉMILE HERMÈS SAS – EXECUTIVE CHAIRMAN MRÉRIC DE SEYNES – CHAIRMAN OF THE SUPERVISORY BOARD
41.0%
-6.5%
0.0%
10.0%
11.5%
22 +5 points 44 +10 points
17 0 point
17 -1 point 37 -1 point
18 0 point
18 +2 points 35 +3 points
34 -3 points
38 +3 points
2022
2021
2020
2019
2018
45.9%
-7.4%
0.0%
10.0%
0.0%
9 +2 points 18 +4 points
7 0 point 14 -1 point
7 0 point 15 0 point
7 0 point
7 0 point 14 0 point
15 +1 point
2022
2021
2020
2019
2018
0.0%
0.0%
0.0%
0.0%
0.0%
1 0 point 1 0 point
1 0 point 1 -1 point
1 0 point 2 0 point
1 0 point 2 0 point
1 0 point 2 0 point
EMPLOYEES OF THE LISTED COMPANY
2022
2021
2020
2019
2018
Change in the average compensation compared with the previous financial year
8.0%
-3.8%
3.4%
10.4%
1.1%
GROUP PERFORMANCE
2022
2021
2020
2019
2018
Change in consolidated revenue at constant rates
23.4%
41.8%
-6.0%
12.4%
10.4%
Change in consolidated net income before tax
35.1%
73.2%
-12.4%
9.9%
9.7%
vesting periods, the portion relating to these allocations may lead to a certain variation in the average and median compensation of employees in the reference scope. The overall policy, and all of the components of the compensation awarded to employees of the listed company, and those of other Group entities in France and abroad, are presented and set out in chapter 2 “Corporate social responsibility and non‑financial performance”, §2.2.2.4.
Explanatory notes on the employees The changes for the five financial years presented in the above tables take into account the overall change in payroll, and for 2018, changes in the workforce scope. The change in overall employee compensation also reflects (i) a positive dynamic of salary measures throughout the years presented, as well as (ii) the impact of allocations under employee shareholding plans. Depending on the plans and the respective duration of the
2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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