SOMFY - Annual Financial Report 2020

04 REPORT ON CORPORATE GOVERNANCE

Tables 8: Fairness ratios

Pursuant to the provisions of sub-paragraph 6° of paragraph I of Article L. 22-10-9 of the Commercial Code, below we detail the ratios between the level of remuneration of each of the executive corporate officers and, firstly, the average remuneration on a full-time equivalent basis of the company’s employees other than the corporate officers, and secondly, the median remuneration on a full-time equivalent basis of the company’s employees other than the corporate officers. With these provisions limiting the comparison solely based on the scope of “employees of the company”, ratios are calculated by comparing the remuneration of corporate officers with that of employees of Somfy SA, whose limited workforce notably includes Executive Committee members. For corporate officers, as for Somfy SA employees, the total remuneration paid during the financial year was used. It comprises: the fixed portion; – the variable portion paid during financial year N in respect of N-1; – the exceptional remuneration paid during financial year N; – performance shares granted in respect of financial year N and valued at the IFRS value; – employee savings; – benefits in kind (salary portion). –

Chairman of the Management Board

Member of the Management Board

Chairman of the Supervisory Board

2020 financial year

Remuneration as executive corporate officer

– – – –

1,515,600

953,599

115,000

Ratio to average employee salary Ratio to median employee salary

3.77 3.84 5.5%

2.37 2.42

0.29 0.29

Annual change in executive corporate officer’s remuneration Annual change in average salary of non-corporate officer employees Average salary of non-corporate officer employees

-2.1%

11.0%

–

-4.5%

-4.5%

-4.5%

402,368 394,282

– – –

– – –

– – –

Median salary of non-corporate officer employees

Annual change in company performance: consolidated net profit Annual change in company performance: consolidated current operating result

30.5%

27.3%

–

–

–

Chairman of the Management Board

Member of the Management Board

Chairman of the Supervisory Board

2019 financial year

Remuneration as executive corporate officer

– – – –

1,436,258

973,722

103,600

Ratio to average employee salary Ratio to median employee salary

3.41 2.87

2.31 1.95

0.25 0.21 7.9%

Annual change in executive corporate officer’s remuneration Annual change in average salary of non-corporate officer employees Average salary of non-corporate officer employees

38.1%

46.1%

–

4.1%

4.1%

4.1%

421,268 499,731

– – –

– – –

– – –

Median salary of non-corporate officer employees

Annual change in company performance: consolidated net profit Annual change in company performance: consolidated current operating result

16.3%

15.2%

–

–

–

92

SOMFY – ANNUAL FINANCIAL REPORT 2020