Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

CONTENTS

5 6

MESSAGE FROM THE EXECUTIVE MANAGEMENT HIGHLIGHTS 2022

4

1

PRESENTATION OF THE GROUP AND ITS RESULTS

RISK FACTORS AND MANAGEMENT

365 366 385 386 397 398 398 399 400 401 402

AFR

9

4.1 4.2 4.3

Risk factors

1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9

Six generations of craftspeople

10 13 14 17 23 26 35 39 40 41 43

Insurance policy and risk hedging

Group governance

Risk management, internal control and internal audit

Strategy

Simplified organisation chart and Group locations

5

CONSOLIDATED FINANCIAL STATEMENTS

AFR

Key financial and non ટ financial figures

AFR AFR AFR AFR AFR AFR

5.1 5.2 5.3 5.4 5.5 5.6 5.7

Consolidated income statement

Revenue and activity by métier

Consolidated statement of comprehensive income

Revenue and activity by geographical area

Consolidated balance sheet

Comments on the consolidated financial statements Significant events since the end of the financial year

Consolidated statement of changes in equity Consolidated statement of cash flows Notes to the consolidated financial statements

1.10 Outlook

1.11 Fondation d’entreprise

Statutory Auditors' report on the consolidated financial statements

442

2 NFPS

CORPORATE SOCIAL RESPONSIBILITY AND NON ટ FINANCIAL PERFORMANCE

45 49 67 95

6

PARENT COMPANY FINANCIAL STATEMENTS

AFR

2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9

Business model People: teams People: savoir ટ faire

449 450 451 452 452 453 468 469

6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8

Income statement

Balance sheet

The planet: raw materials The planet: environment

113 143 183 197 227

Changes in equity

Statement of cash flows

Communities: suppliers & partners

Notes to the financial statements Table of results over the last five years

Communities: stakeholders and transparency

Ethics – Compliance

Information on payment terms

Report of one of the Statutory Auditors, appointed as independent third party, on the verification of the consolidated non ટ financial statement 2.10 Reasonable assurance report from one of the Statutory Auditors on the Identified Sustainability Information of Hermès International’s non ટ financial performance statement

Other information on the parent company financial statements

470

243

6.9

Statutory Auditors' report on the annual financial statements

471

250

7

INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL

477 478 488 499 500 504

3

CORPORATE GOVERNANCE

253 255 255 259 262 274 309 319 326 330 355

7.1 7.2 7.3 7.4 7.5

Presentation of Hermès International

AFR

Information on share capital and shareholders

Supervisory Board corporate governance report The Company’s Corporate Governance Code

AFR

AFR

Dividend policy

3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9

Stock market information Shareholder information

Ambitious and balanced governance Administrative and management bodies Organisation of the Supervisory Board Functioning of the Supervisory Board

8

COMBINED GENERAL MEETING OF 20 APRIL 2023

Specialised committees

509 510 512

Evaluation of the Supervisory Board and Committees Compensation and benefits of Corporate Officers

8.1 8.2 8.3

Agenda

Explanatory statements and draft resolutions Supervisory Board report to the Combined General Meeting of 20 April 2023

Other information

3.10 Other information from the Executive Management report

545 547

362

8.4

Statutory Auditors' reports

9

ADDITIONAL INFORMATION

557

9.1

Persons responsible for the Universal Registration Document Persons responsible for auditing the financial statements

AFR

558 559 559 560 562 579

9.2 9.3 9.4 9.5 9.6

AFR

Consultation of regulatory information Information included by reference

Cross ટ reference tables

Glossary

The sections of the Annual Financial Report are identified in the contents with the AFR pictogram. Elements constituting the statement of non-financial performance are clearly identified in the contents with the NFPS pictogram.