PERNOD-RICARD - URD 2020-21

CONTENTS

PERNOD RICARD AT A GLANCE

6 I CONSOLIDATED FINANCIAL STATEMENTS

185 186 187 188 190 191 192

02

Consolidated income statement 6.1

1 I EXTRACTS FROM THE INTEGRATED ANNUAL REPORT

Consolidated statement of comprehensive income 6.2

05 06 12 14 16 18 20 24 26 28 30 32 34

Consolidated balance sheet 6.3

Changes in consolidated shareholders’ equity 6.4

Message from the Chairman & Chief Executive Officer

Consolidated cash flow statement 6.5

Our history

Notes to the consolidated financial statements 6.6 Statutory Auditors’ report on the consolidated 6.7 financial statements

Our decentralised organisation

Our Mindset, our purpose

240

Our brand portfolio

Becoming a conviviality platform

7 I PERNOD RICARD SA FINANCIAL STATEMENTS

245 246 247 249

Our S&R roadmap

Some of this year's highlights

Pernod Ricard SA income statement 7.1 Pernod Ricard SA balance sheet 7.2 Pernod Ricard SA cash flow statement 7.3 Analysis of Pernod Ricard SA results 7.4 and balance sheet

Our Board of Directors

Our Executive Board & Executive Committee

Our value creation model

Our key financial

250

Notes to the Pernod Ricard SA Parent Company 7.5 financial statements Other items relating to the financial statements 7.6 Financial results over the last five financial years 7.7 Dividends paid over the last five financial years 7.8

251 263 265 265 266

2 I CORPORATE GOVERNANCE

37 Report of the Board of Directors on corporate governance 38 Composition of the Board of Directors on 30 June 2021 2.1 38 Overview of the composition of the Board of Directors 2.2 and its Committees 39 Duties performed by the Directors 2.3 40 Governance Structure 2.4 48 Composition of the Board of Directors 2.5 50 Structure and operation of the Board of Directors 2.6 56 Structure and operation of the Committees 2.7 59 Compensation policy 2.8 63 Financial authorisations and delegations 2.9 88 Share buyback programme 2.10 90 Items liable to have an impact in the event 2.11 of a public offer 93 Shareholders’ Meetings and attendance procedures 2.12 93 Management structure 2.13 95

Inventory of marketable securities 7.9

Statutory Auditors’ report 7.10

on the annual financial statements

267

Statutory Auditors’ special report 7.11 on regulated agreements

270

8 I COMBINED SHAREHOLDERS’ MEETING Agenda – Combined Shareholders’ Meeting 8.1 on 10 November 2021 Presentation of the resolutions of the Combined 8.2 Shareholders’ Meeting on 10 November 2021 Draft resolutions of the Combined Shareholders’ 8.3 Meeting on 10 November 2021

271

272

273

279

Statutory Auditors’ Report on the share 8.4 capital decrease

295

3 I SUSTAINABILITY & RESPONSIBILITY

97

Statutory Auditors’ report on the issue of ordinary 8.5 shares and/or various securities with retention and/or cancellation of preferential subscription rights 296 Statutory Auditors’ report on the authorisation to grant 8.6 free performance shares (existing or to be issued) to employees and executive officers 298 Statutory Auditors’ report on the authorization to grant 8.7 free shares (existing or to be issued) to Group employees 299 Statutory Auditors’ report on the issuance of ordinary 8.8 Statutory Auditors’ report on the issuance of ordinary 8.9 shares or securities granting access to share capital, with cancellation of preferential subscription rights 301 9 I ABOUT THE COMPANY AND ITS SHARE CAPITAL 303 Information about Pernod Ricard 9.1 304 Information about the share capital 9.2 306 shares or securities granting access to share capital, reserved for employee members of company savings plans 300

Pernod Ricard brings Good Times from a Good Place 3.1 The main sustainability risks and opportunities 3.2

98

100

The four pillars of the Good Times 3.3 from a Good Place roadmap

103 132

Ethics & compliance 3.4

Reference table for the United Nations Sustainable 3.5 Development Goals (SDGs) Methodology note and third-party verification 3.6

141 142

4 I RISK MANAGEMENT

149 150 152 170

Internal control and risk management 4.1

Risk factors 4.2

Insurance and risk coverage 4.3

Risks and disputes: provisioning procedure 4.4 Financial and accounting information 4.5

171 171

5 I MANAGEMENT REPORT 173 Key figures from the consolidated financial statements 5.1 for the year ended 30 June 2021 174 Analysis of business activity and results 5.2 176 Net debt 5.3 179 Outlook 5.4 179 Recent developments 5.5 180 Definitions and reconciliation of non-IFRS measures 5.6 to IFRS measures 180 Material contracts 5.7 181

10 I ADDITIONAL INFORMATION IN THE UNIVERSAL REGISTRATION DOCUMENT

313 314 314 315

Persons responsible 10.1 Documents on display 10.2

Reference tables 10.3

Items in the annual financial report (AFR) are identified in the contents by the pictogram