PERNOD-RICARD - URD 2021-22 EN

Contents

Pernod Ricard at a glance

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5. Management report m

187

Key figures from the consolidated financial 5.1 statements for the year ended 30 June 2022 Analysis of business activity and results 5.2

1. Extracts from the integrated annual report

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188 190 193 193 194 195

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Message from Alexandre Ricard One year of convivial moments

Net debt 5.3 Outlook 5.4

10 12 14 16 18 20 22 24 26 28 30 32 34 37 38 39 40 49 58 61 65 90 93 96 96 98 51

Our history

Definitions and reconciliation of non-IFRS measures 5.5 to IFRS measures

Our decentralised organisation

Our brand portfolio

Material contracts 5.6

Our Mindset for Growth

Our strategy

6. Annual consolidated financial statements m 199 Annual consolidated income statement 6.1 200 Consolidated statement of comprehensive income 6.2 201 Consolidated balance sheet 6.3 202 Statement of changes in annual 6.4 consolidated shareholder equity 204 Annual consolidated cash flow statement 6.5 205 Notes to the consolidated financial statements 6.6 206 Statutory Auditors’ report on the consolidated 6.7 financial statements 254 7. Pernod Ricard SA separate financial statements m 259 Pernod Ricard SA income statement 7.1 260 Pernod Ricard SA balance sheet 7.2 261 Pernod Ricard SA cash flow statement 7.3 263 Analysis of Pernod Ricard SA income statement 7.4 and balance sheet 264 Notes to the Pernod Ricard SA separate financial 7.5 statements 265 Other items relating to the financial statements 7.6 277 Financial income/(expense) over the last five 7.7 financial years 279 Dividends paid over the last five financial years 7.8 279 Inventory of marketable securities 7.9 280 Statutory Auditors’ report on the annual financial 7.10 statements 281 Statutory Auditors’ special report on regulated 7.11 agreements 284 8. Annual Ordinary General Meeting 285 Agenda – Annual Ordinary General Meeting 8.1 on 10 November 2022 286 Presentation of the resolutions of the Annual 8.2 Ordinary General Meeting on 10 November 2022 286 Draft resolutions of the Annual 8.3 Ordinary General Meeting on 10 November 2022 288 9. About the Company and its share capital 293 Information about Pernod Ricard 9.1 294 Information about the share capital 9.2 296 10. Additional information in the universal registration document 303 Persons responsible 10.1 304 Documents on display 10.2 304 Reference tables 10.3 305

Our growth model Our foundations

Our Sustainability & Responsibility roadmap

Our value creation model Our key financial figures Our Board of Directors

Our Executive Board & Executive Committee

2. Corporate governance

Our Board of Directors (on 30 June 2022) Summary of the composition of the Board 2.2 of Directors Duties performed by the Directors 2.3 2.1

Governance structure 2.4

Composition of the Board of Directors 2.5

Structure and operation of the Board of Directors 2.6 Structure and operations of the Committees 2.7

Compensation report 2.8

Financial authorisations and delegations 2.9

Share buyback programme 2.10

Items liable to have an impact in the event of a public 2.11 offer General Meetings and attendance procedures 2.12

Management structure 2.13

3. Sustainability & Responsibility m

101 102 104 108 143 157 158 166 168 185 186 186 165

Pernod Ricard brings good times from a good place 3.1 The main sustainability risks and opportunities 3.2 The four pillars of the Good Times from a Good Place 3.3 roadmap Reference table for the United Nations Sustainable 3.5 Development Goals (SDGs) Methodology note and third-party verification 3.6 Ethics & compliance 3.4

4. Risk management m

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

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