Notice of meeting 21-22

The Group in FY22

Liabilities Shareholder equity amounted to €6,128 million at 30 June 2022, compared with €5,905 million at 30 June 2021. The main movements for the period were: profit for the financial year of €1,835 million; the payment of the balance of the dividend for FY21 of €347 million; the payment of an interim dividend of €1.56 per share in respect of FY22, amounting to €401 million. This interim dividend was paid on 8 July 2022; the continuation of the share buyback programme with the cancellation of the shares bought back for a total amount of€752 million; the impact of the application of the IFRIC directive relating to IAS 19 (Employee Benefits), concerning the allocation of employee benefits, had the effect of reducing the amount of the pension obligation provisioned by €6.5 million (see Note 1.8 Pensions and other long-term employee benefits of the FY22 universal registration document). The amount of provisions for risks and charges was€380 million, a reduction of €36 million.

During the period, borrowings increased by €1,024 million. This was mainly due to: the contracting of two new bonds of €500 million and €750 million and the repayment of a bond of €500 million; the change in accrued interest for €0.4 million; the impact of foreign exchange on debts in dollars of €272 million. Operating payables amounted to €717 million, a decrease of €579 million, mainly due to: the increase of €44 million in accounts payable; the change in miscellaneous debts, including €671 million on the intra-group current account and €54 million on the dividends payable account. The deferred income and adjustment account of €293 million at 30 June 2022 comprised the €169 million increase in the value of unrealised foreign exchange gains compared with 30 June 2021.

7.7

Financial income/(expense) over the last five financial years

30.06.2018 30.06.2019 30.06.2020 30.06.2021

30.06.2022

€

Financial position at the reporting date

Share capital

411,403,468 411,403,468 411,403,468 405,908,668 399,818,401 265,421,592 265,421,592 265,421,592 261,876,560 257,947,355

Number of shares outstanding

Number of bonds convertible or exchangeable for shares Number of bonus shares awarded on 16 January 2007 (dividend rights from 1 July 2006) Number of shares created following the capital increase of 14 May 2009 Number of bonus shares awarded on 18 November 2009 (dividend rights from 1 July 2009)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating results

Net sales (excluding taxes and duties)

154,976,030 179,569,040 204,799,992 288,181,244 360,568,871

Profit before taxes, amortisation, depreciation and allowances to provisions

432,466,377 221,535,314 966,689,347 557,958,295 1,730,616,561 179,468,467 151,988,378 163,348,627 130,649,147 144,598,985

Corporate income tax

Profit after taxes, amortisation, depreciation and allowances to provisions

565,822,841 325,725,565 1,177,954,098 657,285,969 1,834,554,231

626,394,957 828,115,367 700,774,787 741,313,021

-

Dividends paid (1)

Earnings per share

Profit after taxes, but before amortisation, depreciation and allowances to provisions

2.3

1.41

4.26

2.63

7.27

Profit after taxes, amortisation, depreciation and allowances to provisions

2.13

1.23 3.12

4.44 2.66

2.51 3.12

7.11

Dividend paid per share (1)

2.36

-

Personnel

Number of employees

401

422

444

498

571

Total payroll

64,087,417 70,178,837 60,952,594 82,640,089 82,651,720

Employee-related benefits paid during the year 29,981,592 30,963,383 26,104,626 35,041,823 42,927,004 The amount of dividends for 2022 will be known with certainty after the General Meeting of 10 November 2022 (dividends in respect of the financial year (1) from 1 July 2021 to 30 June 2022).

41

Pernod Ricard Notice of meeting 2022