PERNOD-RICARD - URD 2020-21

____ 2. CORPORATE GOVERNANCE COMPENSATION POLICY

Amounts paid during the past financial year

Amounts allocated during the past financial year

Components of compensation Variable annual compensation (continued)

Remarks

Level of achievement Assessment

Objectives

Target

Maximum

The objectives of the “Good Times from a Good Place” strategy set for the year were achieved: implementation of the “Health & Safety” roadmap in a Covid context, early achievement of the reduction in orders for single-use plastic

CSR: demonstrate leadership both internally and externally through regular communications and promotion of the “Good Times from a Good Place” strategy.

promotional items. The commitment to responsible alcohol consumption and the

6%

9%

6%

ambitions in terms of carbon neutrality and regenerative agriculture were also strengthened. The Group continues to place CSR at the heart of its strategy and is increasingly integrating it into all of its activities. For the coming years, the Group’s ambition is to increase its leadership and become a pioneer in these areas. The Group accelerated its Digital Transformation roadmap. For the Key Digital Programmes: the pilots delivered excellent results and are now being deployed in the affiliates. The necessary skills were developed internally to support the acceleration over the coming years and develop our competitive advantage. The Finance function also accelerated its digitisation with the deployment of new tools, supported by significant efforts in terms of change management. The good management and the great agility in the allocation of resources according to the dynamics of markets, channels and categories are reflected in the market shares and the excellent financial performance during the financial year.

Implementation of the Digital Transformation roadmap (KDP, Finance 4.0)

6%

9%

8%

Dynamic management and agility in the reallocation of A&P resources.

6%

9%

9%

Overall rate of

30% 45% 41%

achievement of objectives

Consequently, the total amount of Mr Alexandre Ricard’s variable compensation for FY21 as Chairman and CEO was set at €1,980,000, i.e. 180% of his fixed annual compensation for FY21 ( vs. a target of 110%). The variable compensation in respect of FY20 and FY19 respectively represented 27% and 158.71% of his fixed annual compensation.

Multi-year variable compensation

N/A

N/A

Mr Alexandre Ricard does not qualify for any multi-year variable cash compensation.

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PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021