Pernod Ricard Sa · EURONEXT:RI
Pernod Ricard Sa — Shareholder Meeting (November 2022)
118 slides from Pernod Ricard Sa's shareholder meeting presentation, November 2022
Slide 1: Ouverture
Ouverture The images featured in some of the videos presented here refer to the promotion of alcohol and should not be viewed or shared with minors, nor are they authorised for commercial distribution in France. Always drink responsibly.
Slide 2: Shareholders' Meeting 2022
Opening Ouverture Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook 2022 Sh areholders’ Meeting Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Shareholders Vote on Resolutions Closing
Slide 3: Opening
Opening Ouverture Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Opening Alexandre Ricard CHAIRMAN & CHIEF EXECUTIVE OFFICER Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Shareholders Vote on Re
Slide 4: Shareholders' Meeting Bureau
Shareholders’ Meeting BUREAU CHAIRMAN ALEXANDRE RICARD TELLERS PATRICIA RICARD GIRON, PRISCILLA MATERS SECRETARY ANNE-MARIE POLIQUIN ALSO ATTENDING EVP FINANCE, IT & OPERATIONS HÉLÈNE DE TISSOT LEAD INDEPENDENT DIRECTOR PATRICIA BARBIZET STATUTORY AUDITOR KPMG CAROLINE BRUNO DIAZ
Slide 5: Provisional Quorum
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Provisional Quorum Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Shareholders Vote on Resolutions Closing
Slide 6: Provisional Quorum
Provisional Quorum IN SHARES: 79.21 % NB OF SHARES NB OF VOTES REPRESENTED AT THE AGM 30,192,850 54,793,378 POWERS REPRESENTED 940 1,880 POWERS TO THE PRESIDENT 4,129,932 6,618,395 POSTAL VOTE 169,214,811 193,568,172 TOTAL 203,538,533 254,981,825
Slide 7: Legal documents available to shareholders
Provisional Quorum LEGAL DOCUMENTS AVAILABLE TO SHAREHOLDERS The documents required by the applicable laws and regulations, which are on the Shareholders’ Bureau have been sent and made available to the Shareholders within the legal delays.
Slide 8: A close relationship with our individual shareholders
A close relationship with our individual shareholders More opportunities for direct Website and newsletter: The return of organised visits dialogue and informal a constant link to news about for Club Premium members. exchanges with individual the Group. shareholders.
Slide 9: Send your questions
A close relationship with our individual shareholders Send your questions to: ag2022@pernod-ricard.com
Slide 10: Management Report
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Management Report Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Shareholders Vote on Resolutions Closing
Slide 11: 1. An Historic Year
1. AN HISTORIC YEAR
Slide 12: An historic year
An historic year OUR PERFORMANCE… Record-setting Diversified Sustainable
Slide 13: A record-setting performance
A record-setting performance €10.7 €3.0 28.3% €1.8 billion billion billion Net Sales FY22 Profit from Record operating Record free cash Recurring margin flow Operations FY22 +17% / +21%* +19% / +25%* *organic/reported
Slide 14: Balanced and diversified growth
Balanced and diversified growth WORLD EUROPE +17% +19% AMERICAS +12% ASIA/ROW +19% CHINA +5% USA USA +8% +8% INDIA +26% GLOBAL TRAVEL RETAIL Organic Sales Growth FY22 +48% WITH MARKET SHARE GAINS IN MOST COUNTRIES
Slide 15: Diversified and balanced growth
Diversified and balanced growth 80% OF GROWTH GENERATED FROM 6 SPIRITS CATEGORIES Growth rate by category FY22 Weight in FY22 Net Sales Premium+ 15€ and above Scotch Whisky 25% 21% Irish Whiskey 23% 12% Seagram’s Indian Whisky 19% 9% Vodka 19% 8% Gin 31% 5% Cognac & Brandies 8% 16%
Slide 16: Excellent results for our brands
Excellent results for our brands RECORD VOLUME OF ANNUAL SALES 9L CASES SOLD 12 10 9 1 million million million million
Slide 17: Excellent results for our brands
Excellent results for our brands RECORD VOLUME OF ANNUAL SALES 9L CASES SOLD 12 10 9 1 million million million million
Slide 18: Sustainable growth
Sustainable growth INVESTING IN THE ENERGY TRANSITION MIDLETON DISTILLERY • €50 million to make our current distillery carbon neutral by 2026. • €250 million for a new carbon-neutral distillery.
Slide 19: 2. A Resilient Business with a Winning Formula
2. A RESILIENT BUSINESS WITH A WINNING FORMULA
Slide 20: New global challenges
New global challenges RISING GEOPOLITICAL TENSIONS, MACROECONOMIC VOLATILITY, CLIMATE CHANGE, SUPPLY CHAIN DISRUPTION, AND INFLATION
Slide 21: A winning formula
A winning formula FAVOURABLE UNDERLYING DRIVERS X UNIQUE COMPETITIVE ADVANTAGES Demographics Consumption Portfolio of Routes to Culture brands market and values
Slide 22: Demographics
Demographics FAVOURABLE DEMOGRAPHICS GROWING GLOBAL POPULATION EXPANSION OF THE MIDDLE CLASS AND INCREASE OF THE IN EMERGING COUNTRIES DRINKING AGE POPULATION LDA+ population +1.3% 2020 -2025 CAGR growth1 China +7M affluent and +20M middle class / year2 India +20M LDA+ / year2 1 United Nation, lates
Slide 23: Consumption
Consumption GROWTH PREMIUMISATION RESILIENCE 100% 3% 4% Other €394 bn 22% 19% Wine 126 +11% 75% €356bn 35% 40% Spirits 50% 25% 40% 37% Beer 89 0% 2015 2021 2015 2016 2017 2018 2019 2020 2021 2019 2021 Spirits: No1 Total Beverage Alcohol Total Spirits and Spirits Standard+1 Spirits Market in value ca
Slide 24: Portfolio of brands
Portfolio of brands CAPITALISING ON OUR UNIQUE PREMIUM BRANDS PORTFOLIO HOUSE OF BRANDS Broadest and most comprehensive spirits portfolio across occasion, price points and STRATEGIC INTERNATIONAL BRANDS categories. Strong brand equity and brand building capabilities across PRESTIGE BRANDS SPECIALITY
Slide 25: Portfolio of brands
Portfolio of brands THE STRENGTH OF OUR BRAND PORTFOLIO Our brands in the spotlight on Drink Masters, a new Netflix reality show that blends conviviality and mixology.
Slide 26: Routes to market
Routes to market OUR UNIQUE ROUTES TO MARKET Global scale with direct presence in 74 markets and overall presence in more than 160 countries. Strong footprint in emerging markets with dual leadership in India and China. Omnichannel distribution capabilities.
Slide 27: Routes to market
Routes to market SWIFT INTEGRATION OF ACQUISITIONS AND PARTNERSHIPS SUPPORTING OUR COMPETITIVE ADVANTAGES FY 2016 - 2021 FY 2022 - 2023 STREGTHENS our market exposure X3* ACCELERATES category development X5* X5* X3* DIVERSIFIES our distribution network 1. Net Sales growth since acquisition to June 2
Slide 28: Routes to market
Routes to market REINFORCING OUR US MARKET FOOTPRINT
Slide 29: Culture and values
Culture and values A TRUE COMPETITIVE ADVANTAGE Empowered teams, Combining A strong freedom within conviviality and commitment to a frame performance sustainability
Slide 30: Film MMPJ Catalysts
FILM MMPJ CATALYSTS
Slide 31: Culture and values
Culture and values S&R: A SOURCE OF INNOVATION AND VALUE CREATION
Slide 32: Culture and values
Culture and values NURTURING TERROIR FOR A MORE RESILIENT VALUE CHAIN 73% 10,000 of our direct affiliates with a farmers empowered, trained or regenerative agriculture or biodiversity supported in sustainable agriculture programme. practices.
Slide 33: Nurturing Terroir - Sébastien Roumegous
Nuturing Terroir Sébastien ROUMEGOUS FOUNDER OF BIOSPHÈRES
Slide 34: Our mission
Our mission: Securing and simplifying the transition to regenerative agriculture 42 employees 3 offices +100 references Paris, Lyon, Bordeaux in 18 countries 5 units: Avignon, Montauban, Nantes, Reims, Murcia Biosphères - Strictement confidentiel
Slide 35: Conventional agriculture
CONVENTIONAL AGRICULTURE A major source of ecosystem collapse
Slide 36: Regenerative agriculture
Regenerative agriculture SOIL PLANTS LANDSCAPES Reduction in inputs Hedges, prairie strips, Living soils (pesticides, fertiliser) agroforestry Pasture Fodder Photosynthesis Covered soil Roots Carbon in the ground Bacteria, fungi, earthworms… Decomposing organic matter
Slide 37: Regenerative agriculture
REGENERATIVE AGRICULTURE restoring the functions of ecosystems
Slide 38: Regenerative agriculture
REGENERATIVE AGRICULTURE MITIGATING CLIMATE CHANGE, PROTECTING BIODIVERSITY AND IMPROVING WATER QUALITY Results of the AGREAU Program (South West France)
Slide 39: Our collaboration with Pernod Ricard
Our collaboration with Pernod Ricard SPAIN FRANCE USA CHINA ARMENIA ARGENTINA NEW AUSTRALIA ZEALAND A pioneer in regenerative agriculture with a global strategy for its value chain
Slide 40: The transition to regenerative agriculture
The transition to regenerative agriculture: A 3-stage rollout 2020 2021 2022 2023 2024 2025 2. Experimenting to create 3. Transmission of new viticultural models 1. Strategic expertise regenerative vineyards to partners Priorities and Action Pernod Ricard Partner Plan 2020-2030 terroirs winemakers F
Slide 41: The Future of Farming
THE FUTURE OF FARMING
Slide 42: Nurturing Terroir - Sébastien Roumegous
Nuturing Terroir Sébastien ROUMEGOUS FOUNDER OF BIOSPHÈRES
Slide 43: Culture and values: valuing people
Culture and values VALUING PEOPLE Gender pay Gender equity balance Gender pay equity across 35% women in Top Management the Group Employee Dynamic share talent ownership management Pernod Ricard included in Forbes’ plan World's Best Employers ranking for 2022. 2nd employee share ownership More than
Slide 44: Film Responsib'All Day
FILM RESPONSIB’ALL DAY
Slide 45: Circular making
Culture and values CIRCULAR MAKING Progressive elimination of secondary packaging, Circular distribution with starting with our Indian whisky portfolio (500 ecoSPIRITS in Hong Kong and million units per year) and Chivas 12. Singapore.
Slide 46: Responsible hosting
Culture and values RESPONSIBLE HOSTING More than 180 million people reached by the Drink More… Water campaign. Launch of a digital label across all our brands, starting with a pilot in Europe.
Slide 47: 3. A Long-Term Strategy
3. A i LONG-TERM #& STRATEGY
Slide 48: Our transformation started in 2015
Our transformation started in 2015 Well positioned to capture future growth opportunities, with a very diversified and balanced growth profile. Portfolio of Routes to Culture brands market and values Transformation journey started in 2015 with strategic plans executed and 2015-2018 2018-2022 2022-20
Slide 49: Precision at scale to further stretch our growth
Precision at scale to further stretch our growth More More brands customers More More Plus de Plus de collaboration consumers collaboration consommateurs
Slide 50: A winning strategy with sustained and sustainable growth
A winning strategy with sustained and sustainable growth ORGANIC NET SALES GROWTH, % FY14 FY15 FY16 FY17 FY18 FY19 FY20 2020/21 FY21 2021/22 FY22 FY25 L’exercice
Slide 51: Strong shareholder value creation
Strong broad-based performance translating into strong shareholder value creation TOTAL SHAREHOLDER DIVIDEND PER SHARE, € SHARE PRICE RETURN Evolution between 1 July 2014 and 26 October 2022 4,121 1 years TSR 1% 3,12 3,12 2% 2,66 2,36 1,88 2,02 3 year TSR 20% 18% 5 year TSR 70% 55% FY16 FY17 FY18 FY
Slide 52: Créalettps de Aowivi
CE oy; Créalettps de Aowivi
Slide 53: Consolidated financial statements
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Consolidate financial statements Hélène de Tissot DIRECTOR FINANCE, IT & OPERATIONS Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Sharehold
Slide 54: Executive Summary FY22
Executive Summary FY22 A RECORD YEAR WITH EXCELLENT PERFORMANCE Record Sales at €10.7bn with organic growth of +17% Market share gains in most markets Price increases across all markets averaging mid single digit Solid and diversified growth Record Profit from Recurring Operations at €3bn Organic gr
Slide 55: Key figures FY22
Key figures FY22 € millions FY22 REPORTED ORGANIC SALES 10,701 +21% +17% 8 824 Profit from Recurring Operations (PRO) 3,024 +25% +19% PRO/Sales 28.3% +80pdb +52pdb NET PROFIT FROM RECURRING OPERATIONS1 2,124 +32% 1 RÉSULTAT Net Profit1NET COURANT 1,996 +53% Free Cash Flow 1,813 +11% 1. Group Share
Slide 56: Sales Growth by Region
Sales Growth by Categories DOUBLE DIGIT SALES GROWTH ACROSS ALL REGIONS AMERIQUE ASIE-ROW EUROPE TOTAL 19% 14% 12% 17% 19% 8% 10% 11% 6% 7% 7% 4% VERY STRONG GROWTH IN EXCELLENT GROWTH LED BY EXCELLENT GROWTH IN VERY STRONG AND BROAD- NORTH AMERICA AND VERY INDIA, TURKEY, CHINA AND EUROPE, LED BY SP
Slide 57: Sales Growth by Categories
Sales Growth by Categories ALL SPIRITS CATEGORIES GROWING STRONG DOUBLE DIGIT STRATEGIC STRATEGIC SPECIALTY STRATEGIC INTERNATIONAL WINES LOCAL BRANDS BRANDS BRANDS 18% 18% 28% 26% 24% 11% 7% 7% 2% 5% -2% -4% EXCELLENT GROWTH ACROSS VERY STRONG GROWTH CONTINUED VERY RAPID OVERALL SOFT PERFORMANCE AL
Slide 58: Summary Income Statement
Summary Income Statement € millions FY21 FY22 REPORTED ORGANIC SALES 8,824 10,701 +21% +17% 8 824 Gross margin after logistics costs (GM) 5,293 6,473 +22% +17% GM / Sales 60.0% 60.5% +12pdb Advertising & promotional expenditure (A&P) (1,393) (1,698) +22% +17% A&P / Sales 15.8% 15.9% -5pdb Structure
Slide 59: Group Share of Net Profit
Group Share of Net Profit € millions FY21 FY22 REPORTED PROFIT FROM RECURRING OPERATIONS (PRO) 2,423 3,024 +25% Non-recurring operating income and expenses (62) (62) OPERATING PROFIT 2,361 2,963 +25% Financial income (expense) (371) (260) Corporate income tax (667) (676) Non-controlling interests an
Slide 60: Net Debt
Net Debt REDUCTION OF NET DEBT TO EBITDA RATIO € millions Leverage Net Debt/EBITDA 2.6x 2.4x +1 205 8,657 562 156 7,452 863 1,813 826 611 30-Jun-21 Free Cash M&A Dividends Other Others FX 30-Jun-22 Flow financial operations
Slide 61: Financial Statements
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Financial Statements Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Shareholders Vote on Resolutions Closing
Slide 62: Financial Statements
Financial Statements PERNOD RICARD SA € millions FY21 FY22 Operating Profit (88) (115) Financial income (expense) 726 1,808 Non-recurring items (111) (3) Income tax 131 145 NET PROFIT 657 1,835 • Net Profit of €1,835M, +€1,178M vs. FY21, mainly due to a strong increase of intra-group dividends
Slide 63: Proposed dividend: 4.12 € per share
Financial Statements PROPOSED DIVIDEND: 4.12 € PER SHARE FY18 FY19 FY20 FY21 FY22 Dividend 2.36 3.12 2.66 3.12 4.121 • In line with financial policy: • Dividend per share: +32% vs. FY21 • €500m to €750m share buyback, following our financial policy priorities • c. €1.25bn of shares bought back since
Slide 64: First Quarter FY23
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook First Quarter FY23 Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Shareholders Vote on Resolutions Closing
Slide 65: Strong First Quarter FY23
Strong First Quarter FY23 DIVERSIFIED SALES GROWTH +22% REPORTED ORGANIC GROWTH +11% AND STRONG +7% PRICE EFFECT US enjoys dynamic distributor Strong pricing depletions with effects of FY22 price increases Strong growth in China along with new increases implemented and India notably in USA Continued
Slide 66: Outlook
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Outlook Alexandre Ricard CHAIRMAN & CHIEF EXECUTIVE OFFICER Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Shareholders Vote on Resolutions
Slide 67: Outlook
Outlook FOR FY23 PERNOD RICARD EXPECTS: Despite a persistently volatile context: Dynamic, broad-based Net Sales growth, albeit moderating on a normalizing comparison basis Intense focus on revenue growth management and operational efficiencies in a high inflationary environment A&P ratio at c. 16% o
Slide 68: Governance
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Gouvernance Patricia Barbizet L E A D I N D E P E N D E N T D I R E C TO R & C H A I R W O M A N O F T H E N O M I N AT I O N S AND GOVERNANCE COMMITTEE Governance Statutory Audi
Slide 69: Board of Directors & Committees
BOARD OF DIRECTORS & COMMITTEES
Slide 70: The Board of Directors
Board of Directors and Committees THE BOARD OF DIRECTORS Directors Chairman & CEO Independent Directors Wolfgang Colberg César Giron Alexandre Ricard Patricia Barbizet Lead Independent Director Veronica Vargas Patricia Virginie Fauvel Ian Gallienne Ricard Giron Permanent Representative of Société Pa
Slide 71: The Board of Directors
Board of Directors and Committees THE BOARD OF DIRECTORS 58.3% 100% 42.8% 58.3% independent Directors * attendance rate non-French Directors women * * Excluding Directors representing the employees
Slide 72: The Board of Directors: attendance and activities
Board of Directors and Committees THE BOARD OF DIRECTORS ATTENDANCE Main activities in FY22 RATE • Group strategy and growth • Group results and approbation of the half-year and financial year financial statements • Compensation policy of the Chairman and CEO 100% • Corporate governance • Share buyb
Slide 73: Lead Independent Director Report
Board of Directors & Committees LEAD INDEPENDENT DIRECTOR REPORT FY22 ACTIVITY REPORT During the financial year, the Lead Independent Director has notably: • Met with our main investors to discuss the Company’s Governance • Chaired the Executive Session held during the Board meeting of 21 July 2021
Slide 74: Committees
Committees Audit Compensation Nominations Strategic CSR Committee Committee and Governance Committee Committee Committee 5 67% 5 100% 4 67% 1 67% 3 67% meetings Independent meetings Independent meetings Independent meeting Independent meetings Independent Directors (1) Directors (1) Directors (1) Di
Slide 75: Audit Committee
Audit Committee Main activities • Examining the half-yearly and annual draft financial statements • Risk management and Group risk mapping Philippe Petitcolin update Chairman • Monitoring of audits carried out, review of internal control and approval of the Group internal audit plan for FY23 • Monit
Slide 76: Nominations and Governance Committee
Nominations and Governance Committee Main activities • Review of the Board members’ independence • Review of the Talent Management policy and succession plan Patricia Barbizet • Review of diversity policy and professional Chairwoman and salary equity • Annual self-assessment of the operation of the
Slide 77: Compensation Committee
Compensation Committee Main activities • Review of the variable portion of the compensation of the Executive Director and consistency of the criteria applied Kory Sorenson • Propose the general policy for long-term Chairwoman incentive plans • Analyse the market practices and trends concerning the c
Slide 78: Strategic Committee
Strategic Committee Main activities Alexandre Ricard Chairman • Review of the key markets and categories’ performance • Presentation of the “Transform & Accelerate” season 2 strategic plan Anne Lange Ian Gallienne Patricia Ricard Giron Permanent Representative of Société Paul Ricard, Director Philip
Slide 79: CSR Committee
CSR Committee Main activities • Review of the S&R strategy and reflection on objectives • Presentation of CSR projects Patricia Barbizet • Review of CSR reporting Chairwoman Veronica Vargas Namita Shah
Slide 80: Compensation of the Chairman and CEO
COMPENSATION OF THE CHAIRMAN AND CEO Kory Sorenson I N D E P E N D E N T D I R E C TO R & C H A I R W O M A N O F T H E C O M P E N S AT I O N C O M M I T T E E
Slide 81: Compensation of the Chairman and CEO: two resolutions
Compensation of the Chairman and CEO TWO RESOLUTIONS SUBMITTED TO VOTE “EX-POST” VOTE Approval of the fixed and variable components of the total compensation and other benefits paid or granted during FY22 to Mr Alexandre Ricard, Chairman and CEO (8th resolution) “EX-ANTE” VOTE Approval of the compen
Slide 82: Compensation components paid or allocated during FY22
Compensation of the Chairman and CEO COMPENSATION COMPONENTS PAID OR ALLOCATED DURING FY22 Fixed compensation € 1,250,000 Variable compensation € 2,250,000 i.e., 180% of the fixed annual compensation 6,771 performance shares subject to internal performance conditions Long-term incentive plan 4,763 p
Slide 83: Compensation policy
Compensation of the Chairman and CEO COMPENSATION POLICY Fixed compensation € 1,250,000 Target: 110% – Maximum: 180% Variable compensation (Quantitative criteria: target 80 % – Qualitative criteria: target 30 %) Long-term incentive plan Maximum 150% of fixed annual compensation Supplementary pension
Slide 84: Statutory Auditors' Report
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Statutory Auditors' Report Caroline Bruno Diaz KPMG Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Shareholders Vote on Resolutions Closing
Slide 85: Statutory Auditors' Reports on the Financial Statements
Statutory Auditors’ Reports on the Consolidated and Annual Financial Statements Pages 254-257 and 281-283 of the UNIVERSAL REGISTRATION DOCUMENT • Objective: obtain reasonable assurance that the financial statements are free from material misstatements and that they give a true and fair view of the
Slide 86: Special Report on Regulated Agreements
Statutory Auditors’ Special Report on Regulated Agreements Page 284 of the UNIVERSAL REGISTRATION DOCUMENT • No new agreement submitted to the approval of the Shareholders’ Meeting • Agreement previously approved by the Shareholders’ Meeting that remained in force during the year: > €2,500,000,000 M
Slide 87: Presentation of the Resolutions
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Presentation of the Resolutions Anne-Marie Poliquin GROUP GENERAL COUNSEL AND COMPLIANCE OFFICER Governance Statutory Auditors’ Report Presentation of the Resolutions Questions f
Slide 88: First Resolution
Presentation of the Resolutions FIRST RESOLUTION Approval of the separate financial statements for the financial year ended 30 June 2022
Slide 89: Second Resolution
Presentation of the Resolutions SECOND RESOLUTION Approval of the consolidated financial statements for the financial year ended 30 June 2022
Slide 90: Third Resolution
Presentation of the Resolutions THIRD RESOLUTION Allocation of the net profit for the financial year ended 30 June 2022 and setting of the dividend
Slide 91: Fourth Resolution
Presentation of the Resolutions FOURTH RESOLUTION Renewal of the directorship of Ms Patricia Barbizet
Slide 92: Fifth Resolution
Presentation of the Resolutions FIFTH RESOLUTION Renewal of the directorship of Mr Ian Gallienne
Slide 93: Sixth Resolution
Presentation of the Resolutions SIXTH RESOLUTION Renewal of the term of office of KPMG SA as Statutory Auditors
Slide 94: Seventh Resolution
Presentation of the Resolutions SEVENTH RESOLUTION Non-renewal of the term of office of Salustro Reydel as Alternate Statutory Auditors
Slide 95: Eighth Resolution
Presentation of the Resolutions EIGHTH RESOLUTION Approval of the fixed and variable components of the total compensation and other benefits paid or granted during FY22 to Mr Alexandre Ricard, Chairman and CEO
Slide 96: Ninth Resolution
Presentation of the Resolutions NINETH RESOLUTION Approval of the compensation policy items applicable to Mr Alexandre Ricard, Chairman and CEO
Slide 97: Tenth Resolution
Presentation of the Resolutions TENTH RESOLUTION Approval of the information relating to the compensation of each of the Corporate Officers
Slide 98: Eleventh Resolution
Presentation of the Resolutions ELEVENTH RESOLUTION Approval of the compensation policy items applicable to the Corporate Officers
Slide 99: Twelfth Resolution
Presentation of the Resolutions TWELFTH RESOLUTION Authorisation to be granted to the Board of Directors to trade in the Company shares
Slide 100: Thirteenth Resolution
Presentation of the Resolutions THIRTEENTH RESOLUTION Approval of the agreements referred to in article L. 225-38 et seq. of the French Commercial Code
Slide 101: Fourteenth Resolution
Presentation of the Resolutions FOURTEENTH RESOLUTION Powers to carry out the necessary legal formalities
Slide 102: Questions from Shareholders
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Questions from Shareholders Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Shareholders Vote on Resolutions Closing
Slide 103: Vote on Resolutions
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Vote on Resolutions Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Shareholders Vote on Resolutions Closing
Slide 104: Vote: First Resolution
Vote on Resolutions FIRST RESOLUTION Approval of the separate financial statements for the financial year ended 30 June 2022
Slide 105: Vote: Second Resolution
Vote on Resolutions SECOND RESOLUTION Approval of the consolidated financial statements for the financial year ended 30 June 2022
Slide 106: Vote: Third Resolution
Vote on Resolutions THIRD RESOLUTION Allocation of the net profit for the financial year ended 30 June 2022 and setting of the dividend
Slide 107: Vote: Fourth Resolution
Vote on Resolutions FOURTH RESOLUTION Renewal of the directorship of Ms Patricia Barbizet
Slide 108: Vote: Fifth Resolution
Vote on Resolutions FIFTH RESOLUTION Renewal of the directorship of Mr Ian Gallienne
Slide 109: Vote: Sixth Resolution
Vote on Resolutions SIXTH SOLUTION Renewal of the term of office of KPMG SA as Statutory Auditors
Slide 110: Vote: Seventh Resolution
Vote on Resolutions SEVENTH RESOLUTION Non-renewal of the term of office of Salustro Reydel as Alternate Statutory Auditors
Slide 111: Vote: Eighth Resolution
Vote on Resolutions HEIGHTH RESOLUTION Approval of the fixed and variable components of the total compensation and other benefits paid or granted during FY22 to Mr Alexandre Ricard, Chairman and CEO
Slide 112: Vote: Ninth Resolution
Vote on Resolutions NINETH RESOLUTION Approval of the compensation policy items applicable to Mr Alexandre Ricard, Chairman and CEO
Slide 113: Vote: Tenth Resolution
Vote on Resolutions TENTH RESOLUTION Approval of the information relating to the compensation of each of the Corporate Officers
Slide 114: Vote: Eleventh Resolution
Vote on Resolutions ELEVENTH RESOLUTION Approval of the compensation policy items applicable to the Corporate Officers
Slide 115: Vote: Twelfth Resolution
Vote on Resolutions TWELFTH RESOLUTION Authorisation to be granted to the Board of Directors to trade in the Company shares
Slide 116: Vote: Thirteenth Resolution
Vote on Resolutions THIRTEENTH RESOLUTION Approval of the agreements referred to in article L. 225-38 et seq. of the French Commercial Code
Slide 117: Vote: Fourteenth Resolution
Vote on Resolutions FOURTEENTH RESOLUTION Powers to carry out the necessary legal formalities
Slide 118: Closing
Opening Provisional Quorum Management Report Consolidated Financial Statements Financial Statements First Quarter Outlook Closing Governance Statutory Auditors’ Report Presentation of the Resolutions Questions from Shareholders Vote on Resolutions Closing