PERNOD RICARD - Notice of meeting 2020

6. The Group in 2019/20

Pernod Ricard

At a glance

FY20 Sales and Results reflecting strong resilience and agility, despite Covid-19 impact

ALEXANDRE RICARD, CHAIRMAN &CEO, DECLARED:

WORLD N°1 FOR PREMIUM AND PRESTIGE SPIRITS (a) >160 COUNTRIES WHERE OUR BRANDS ARE DISTRIBUTED

The Group has proven very resilient through FY20 and demonstrated its agility and ability to keep its supply chains operational, control costs and manage cash. I would like to take this opportunity to praise the exceptional commitment of our teams during this difficult time. For FY21, Pernod Ricard expects continued uncertainty and volatility, in particular relating to sanitary conditions and their impact on social gatherings, as well as challenging economic conditions. We anticipate a prolonged downturn in Travel Retail but resilience of the Off-trade in the USA and Europe and sequential improvement in China, India and the On-trade globally. We will stay the strategic course and accelerate our digital transformation while maintaining strict discipline, with clear, purpose-based investment decisions. We will harness our agility to adjust fast to capture new opportunities. Thanks to our solid fundamentals, our teams and our brand portfolio, I am confident that Pernod Ricard will emerge from this crisis stronger.

400,000 STUDENTS SENSITIZED ON RESPONSIBLE DRINKING 94 PRODUCTION SITES (b) 23% REDUCTION IN WATER CONSUMPTION (c) 33% REDUCTION IN CO 2 EMISSIONS (c)

KEY FIGURES

Profit from Recurring Operations

Group Net Profit from Recurring Operations (1)

Group Net Profit

Proposed dividend

Net sales

€ million

FY20

8,448 2,260

26.8% (2)

Organic growth (1)

-9.5%

-13.7%

1,439

329

€2.66 per share (3)

Reported growth

-8.0%

-12.4%

€3.12 per share

FY19

9,182 2,581

1,654

1,455

28.1% (2)

(1) Alternative performance indicators are defined in note 5.5 - Definitions and reconciliation of alternative performance indicators with IFRS indicators of the Management Report of the FY20 Universal Registration Document. (2) Operating margin. (3) Dividend proposed for approval by the Shareholders’ Meeting of 27 November 2020.

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Pernod Ricard Notice of Meeting 2020