Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

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CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

12.2 Off‑balance sheet commitments 12.2.1 FINANCIAL COMMITMENTS Financial commitments were discounted using a rate of 8.38% in 2022 (8.29% in 2021).

< 1 year

1 to 5 years

> 5 years 31/12/2022 31/12/2021

In millions of euros

Bank guarantees given Bank guarantees received

2

13

3 1

18 14 19

13 14 13

13

1

Commitments to purchase financial assets Commitments to purchase raw materials

-

-

19

93

22

-

115

224

Other

7

2

1

9

22

12.2.2 OTHER OFF‑BALANCE SHEET COMMITMENTS The Group has no knowledge of any commitments other than those mentioned herein and that are not reflected in the financial statements for the year ended 31December 2022. To date, there is no exceptional event or dispute that would be liable to have a likely and material impact on the Group’s financial position. Furthermore, in the normal course of its business operations, the Group is involved in legal actions and is subject to controls. A provision is recorded when a risk is identified and when its cost can be estimated.

RELATED‑PARTY TRANSACTIONS

NOTE 13

13.1 Transactions with associates Transactions with associates were not significant during the financial year. Transactions with other related parties Relationships with other related parties, within the meaning of IAS24 Related Party Disclosures can be summarised as follows: RDAI studio: the RDAI architecture studio was appointed to carry out exclusive design work on the internal layout of all Hermès Group stores. The fees paid by the Group amounted to €13 million excluding tax in 2022. RDAI is considered to be a related party to the extent that a member of the Executive Management Board of Émile Hermès SAS has personal interests in this company and exercises significant influence; s Émile Hermès SAS, Active Partner (see chapter 3 “Corporate governance” §3.3.1): each year, Hermès International pays the Active Partner an amount equal to 0.67% of its distributable profits, in accordance with the Hermès International Articles of s 13.2

Certain of the above transactions constitute related‑party agreements according to the definition contained in the French Commercial Code ( Code de commerce ). For more details, refer to chapter 3 “Corporate governance”, §3.9.1. Ardian Holding: as part of the diversification of its investments, Hermès International has a 11.91% equity interest in the company Ardian Holding, in which a member of the Supervisory Board has responsibilities. This commitment had been assumed prior to this person’s appointment. s Association (Article 26). In addition, Hermès International charges Émile Hermès SAS for certain services provided and expenses incurred. Hermès International charged back €0.5 million in this respect in 2022; Studio des Fleurs: Studio des Fleurs offers photography and retouching services for packshots of e‑commerce products. The amounts paid in 2022 came to €3 million. Studio des Fleurs is considered a related party to the extent that a member of the Executive Management Board of Émile Hermès SAS has personal interests therein and exercises significant influence upon it; s

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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