Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Name or other means of identification of the reporting entity

Hermès International

Domicile of the entity

24, rue du Faubourg Saint‑Honoré, 75008 Paris (France)

Legal form of the entity

Société en commandite par actions (partnership limited by shares)

Country of incorporation

France

Address of the entity’s registered office

24, rue du Faubourg Saint‑Honoré, 75008 Paris (France)

Principal place of business

24, rue du Faubourg Saint‑Honoré, 75008 Paris (France)

Description of the nature of the entity’s operations and its principal activities

Hermès is an independent, family‑owned craftsmanship House that manufactures and distributes its objects through a dynamic network of stores around the world.

Name of parent company

Hermès International

Name of ultimate parent of the Group

Hermès International

ACCOUNTING PRINCIPLES AND POLICIES

NOTE 1

1.1 Basis of preparation The consolidated financial statements of Hermès International and its subsidiaries (the “Group”), published for financial year 2022, are prepared in accordance with IFRS, the International Financial Reporting Standards, as adopted in the European Union as at 31December 2022. The Group’s consolidated financial statements were approved by the Executive Management on 16February 2023 and will be submitted for approval to the General Meeting on 20April 2023. The Audit and Risk Committee, which met on 15February 2023, also examined the consolidated financial statements. The consolidated financial statements and notes to the consolidated financial statements are presented in euros. Unless otherwise stated, the values shown in the tables are expressed in millions of euros and rounded to the nearest million. As a result, in certain cases, the effects of rounding up/down can lead to a non‑significant difference in the totals or changes. In addition, the ratios and differences are calculated on the basis of the underlying amounts and not on the basis of rounded amounts. New accounting principles applicable to the Hermès Group In April 2021, the IFRIC issued a decision on IAS38 Intangible Assets on accounting for the costs of configuration and customisation of software made available in the cloud under Software as a Service 1.2

1.3 Conflict between Russia and Ukraine Due to the military conflict that broke out on 24February 2022, the Group has decided to temporarily close its stores in Russia and to suspend all commercial activities from the evening of 4March 2022. As a reminder, the Group has no activity in Ukraine and its exposure in Russia is not material. Attentive to changes in the situation and the consequences of this conflict, the Group has written down its assets in Russia for a non‑significant amount as a precaution. Use of estimates The preparation of the consolidated financial statements under IFRS sometimes requires the Group to make estimates in valuing assets and liabilities and income and expenses recognised during the financial year. The Group bases these estimates on historical experience and on a variety of assumptions, which it deems to be the most reasonable and probable in the current economic environment. 1.4 (SaaS) contracts. This decision states that, as long as the underlying software is not controlled by the entity, the related configuration and customisation costs are not an intangible asset, but a service expense. The Hermès Group has applied this decision since 1January 2022. The impact of this change in respect of past periods is not material, and consists of a decrease in intangible assets of €49million. It was posted through equity for €36million net of deferred tax as at 1January 2022.

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2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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