PERNOD RICARD - 2019 NOTICE OF MEETING

4.

THE GROUP IN 2018/19

Profit fromrecurring operations Group € million

30.06.2018 Restated

30.06.2019

Reported growth

Organic growth (1)

Net sales

8,722 5,289

9,182 5,648 (1,512) 4,137 2,581

460 359 (83) 277 223

5% 7% 6% 7%

512

6% 7% 6% 7% 9%

Gross margin after logistics expenses Advertising and promotion expenses

346 (82) 265

(1,429) 3,860 2,358

Contribution after advertising &promotion expenses PROFIT FROMRECURRINGOPERATIONS

9% 207

Organic growth is defined on page 25. (1)

30.06.2018 Restated

America € million Net sales

30.06.2019

Reported growth

Organic growth (1)

2,485 1,629 (495) 1,134

2,545 1,698 (504) 1,193

60 69 (9) 59 50

2% 4% 2% 5% 7%

40 10 (5)

2% 1% 1% 0% 0%

Gross margin after logistics expenses Advertising and promotion expenses

Contribution after advertising &promotion expenses PROFIT FROMRECURRINGOPERATIONS

5

735

785

(1)

Organic growth is defined on page 25. (1)

30.06.2018 Restated

Asia/Rest of World € million

30.06.2019

Reported growth

Organic growth (1)

Net sales

3,564 2,030 (528) 1,502 996

3,965 2,308 (592) 1,716 1,179

401 278 (64)

11% 14% 12% 14%

443 301 (68)

12% 15% 13% 15%

Gross margin after logistics expenses Advertising and promotion expenses

Contribution after advertising &promotion expenses PROFIT FROMRECURRINGOPERATIONS

213

233

183

18% 195

19%

Organic growth is defined on page 25. (1)

30.06.2018 Restated

Europe € million

30.06.2019

Reported growth

Organic growth (1)

Net sales

2,674 1,630 (406) 1,224

2,672 1,643 (415) 1,228

(1)

0% 1% 2% 0%

28 36

1% 2% 2% 2% 2%

Gross margin after logistics expenses Advertising and promotion expenses

13

(9)

(10)

Contribution after advertising &promotion expenses PROFIT FROMRECURRINGOPERATIONS

4

26 13

626

617

(10)

-2%

Organic growth is defined on page 25. (1)

21

PERNOD RICARD NOTICEOFMEETING

2019