Hermes International Sca · EURONEXT:RMS
Hermes International Sca — Hermès — Shareholder Meeting (April 2026)
52 slides from Hermes International Sca's shareholder meeting presentation, Apr 17, 2026
Slide 1: Combined General Meeting 17 April 2026
COMBINE.D GENERAL MEETING 17 APRIL 2026 ,-...._.---- \ / I
Slide 2: 2025 Highlights and Strategy
2025 HIGHLIGHTS AND STRATEGY l l Il l I 2 2
Slide 3: Performance of the Responsible Craftsmanship Model
PERFORMANCE OF THE RESPONSIBLE CRAFTSMANSHIP MODEL EMPLOYMENT AND CREATIVITY AND RESPONSIBILITY SAVOIR-FAIRE REVENUE 63 production and training sites in France €16.0 BILLION A bold style and uncompromising quality +9% at constant Bonus of €3,000 to all the employees exchange rates Innovation and cre
Slide 4: Bold Creation
BOLD CREATION • Enrichment of the leather goods collection with the models So Médor, Seau Mousqueton and Haut à Courroies à relier • Highly successful women’s and men’s ready-to-wear collections • Dynamic formats and designs of the silk collections • Bold style with the jewellery line Adage • Succes
Slide 5: Development of Production Capacities
DEVELOPMENT OF PRODUCTION CAPACITIES • Opening of the 24th leather goods workshop: › L’Isle-d’Espagnac (Charente) in September Leather goods workshop projects • Four ongoing leather goods workshop projects: 4 › Loupes (Gironde) ongoing › Charleville-Mézières (Ardennes) 2026 to 2030 › Colombelles (Ca
Slide 6: Strong Vertical Integration and Local Anchoring
STRONG VERTICAL INTEGRATION AND LOCAL ANCHORING Local production 75 % of objects are made in France Vertical integration 55 % of objects made in exclusive and in-house workshops Production and training sites 63 en France 2026 General Meeting 6
Slide 7: An Exclusive and Integrated Distribution Network
AN EXCLUSIVE AND INTEGRATED DISTRIBUTION NETWORK • Strengthening of the multilocal and omnichannel distribution network • Opening of new stores: › Scottsdale (United States) › Nashville (United States) • Expansion and renovation of stores, notably: › Florence (Italy) and Knokke (Belgium) › Mexico (M
Slide 8: Evolution of the Number of Stores
EVOLUTION OF THE NUMBER OF STORES 293 294 Expansions and renovations 60 15-20 63 on average per year 23 Strengthening the 230 network Omnichannel and multilocal 202 202 Number of branches Number of concessionaries 2026 General Meeting 8
Slide 9: Singular Communication
SINGULAR COMMUNICATION • Presenting Hermès: › Hermèstories in Milan › Hermès in the Making in Shenzhen, Istanbul and Taipei › Mystery at the Grooms’ in New York and Tokyo › Saut Hermès at the Grand Palais in Paris • Rediscovering the 16 métiers of the house: › Haute Bijouterie event Les formes de la
Slide 10: Responsible and Sustainable Development
~ / . RESPONSIBLE AND SUSTAINABLE DEVELOPMENT
Slide 11: A Sustainable and Responsible Business Model
A SUSTAINABLE AND RESPONSIBLE BUSINESS MODEL PEOPLE AT THE HEART ENVIRONMENTAL LOCAL OF OUR VALUES STRATEGY ANCHORING SHARING CLIMATE CREATION OF VALUE COMMITMENT LOCAL JOBS €2 3m €3,000 -69% -58% 100% Nearly 6,200 x5.4 incentive schemes and Bonus for all employees of scopes 1 and 2 of scope 3 of re
Slide 12: An Artisanal Model Rooted in Humanistic Values
AN ARTISANAL MODEL ROOTED IN HUMANISTIC VALUES • Job creation and value sharing › 26,494 employees, of which 62% in France › More than 15,000 employee shareholders › More than 89,000 jobs supported by Hermès’ activity in France Learners Nearly 800 in France • Transmission and preservation of excelle
Slide 13: Continuation of Job Creation
CONTINUATION OF JOB CREATION x2 in 10 ans More than 60% en France 26 494 25 185 22 879 20 296 10 145 9 629 18 137 16 956 8 583 16 017 7 508 14 821 13 919 6 837 13 271 12 612 6 328 6 794 5 620 5 323 5 140 4 924 15 556 16 349 14 296 12 788 10 628 11 300 8 596 9 201 9 223 7 688 8 131 2015 2016 2017 201
Slide 14: Workforce Breakdown
WORKFORCE BREAKDOWN Local anchoring 47% workforce outside Americas Japan Europe and major urban areas Support functions 7% 4% Middle-East in France 15% (excl. France) Sales 12% 39% Asia-Pacific Young employees (excl. Japon) SECTOR REGION 15% 21% under the age of 30 Production France 46% 62% Older em
Slide 15: Commitments to Climate and Preservation of Natural Resources
COMMITMENTS TO CLIMATE AND PRESERVATION OF NATURAL RESOURCES • Continuation of the climate trajectory towards 2030 and in line with the objectives validated by SBTi › 69% reduction in scopes 1 and 2 in absolute value vs 2018 (target of -50.4%) Renewable › 59% reduction in scope 3 in intensity vs 201
Slide 16: Fondation d'entreprise Hermès and Philanthropic Actions
FONDATION D’ENTREPRISE HERMÈS AND PHILANTHROPIC ACTIONS • Fondation d’entreprise Hermès: 4 areas › Support for creation and artists: 3rd edition of the Transforme festival dedicated to live performance, artists in residence in our workshops Fondation › Transmission of craftsmanship: Manufacto, raisi
Slide 17: Recognised Social, Societal and Environmental Performance
RECOGNISED SOCIAL, SOCIETAL AND ENVIRONMENTAL PERFORMANCE GLOBAL EVALUATIONS THEMATIC EVALUATIONS AA "A List" Grand Prix Emploi B- France 2025 Grand Prix Low Risk CAC Large 60 64/100 2026 General Meeting 17
Slide 18: 2025 Activity
2025 ACTIVITY 18
Slide 19: Revenue Reached 16.0 Billion Euros
REVENUE REACHED 16.0 BILLION EUROS Evolution 2025 / 2024 AT CONSTANT RATES + 8.9% AT CURRENT RATES + 5.5% 2026 General Meeting 19
Slide 20: Revenue by Geographical Area
REVENUE BY GEOGRAPHICAL AREA Change at in €m 2025 constant rates France 1,575 9% Europe (excl. France) 2,362 11% EUROPE 3,937 10% Japan 1,591 14% Asia-Pacific (excl. Japan) 6,702 5% ASIA 8,293 7% Americas 3,075 12% Other (Middle East) 697 15% TOTAL 16,002 9% 2026 General Meeting 20
Slide 21: Revenue by Geographical Area
REVENUE BY GEOGRAPHICAL AREA 2025 / 2024 Japan France 10% / 9% 10% / 10% Europe (excl. France) 15% / 14% Asia-Pacific (excl. Japan) 42% / 44% Americas 19% / 19% Other (Middle East) 4% / 4% 2026 General Meeting 21
Slide 22: Revenue by Sector
REVENUE BY SECTOR Change at in €m 2025 constant rates Leather Goods and Saddlery 7,070 13% Ready-to-wear and Accessories 4,525 6% Silk and Textiles 964 5% Other Hermès sectors 2,055 11% Perfume and Beauty 489 (8)% Watches 549 (2)% Other products 349 6% TOTAL 16,002 9% 2026 General Meeting 22
Slide 23: Revenue by Sector
REVENUE BY SECTOR 2025 / 2024 Watches 4% / 4% Other products Perfume and Beauty 2% / 2% 3% / 4% Other Hermès sectors 13% / 12% Leather Goods and Saddlery 44% / 43% Silk and Textiles 6% / 6% Ready-to-wear and Accessories 28% / 29% 2026 General Meeting 23
Slide 24: 2025 Consolidated Financial Statements
2025 CONSOLIDATED FINANCIAL STATEMENTS 24
Slide 25: Consolidated Income Statement (1/2)
CONSOLIDATED INCOME STATEMENT (1/2) in €m 2025 % revenue 2024 % revenue Revenue 16,002 15,170 Cost of sales (4,623) (4,511) Gross margin 11,379 71.1% 10,660 70.3% Communication (620) (3.9)% (637) (4.2)% Other sales and administrative (3,084) (19.3)% (2,932) (19.3)% expenses Other income and expenses
Slide 26: Recurring Operating Profitability Evolution
RECURRING OPERATING PROFITABILITY EVOLUTION in % of revenue * * * Before IFRS16 2026 General Meeting 26
Slide 27: Consolidated Income Statement (2/2)
CONSOLIDATED INCOME STATEMENT (2/2) in €m 2025 % revenue 2024 % revenue Operating income 6,569 41.0% 6,150 40.5% Net financial income 207 283 Income tax (2,263) (1,845) In % of income before tax 33.4% 28.7% Net income from associates 47 44 Non-controlling interests (36) (28) Net income attributable
Slide 28: Net Profitability Evolution
NET PROFITABILITY EVOLUTION in % of revenue *** * ** * 22.7% restated for the capital gain on the disposal of the Galleria in Hong Kong in 2018 ** 20.3% restated for a non-current gain relating to the deconsolidation of Shang Xia in 2020 *** Excluding exceptional contribution 2026 General Meeting 28
Slide 29: An Outstanding Performance in 2025
AN OUTSTANDING PERFORMANCE IN 2025 Sales CAGR* over 10 years +12.7% Net income CAGR* over 10 years +16.6% ** * CAGR: Compound Annual Growth Rate ** Excluding exceptional contribution 2026 General Meeting 29
Slide 30: Operating Investments
OPERATING INVESTMENTS Production and divisions €226 million Total Real estate and group projects €1,161 million €166 million Stores and distribution €769 million 2026 General Meeting 30
Slide 31: Restated Cash-Flow Statement
RESTATED CASH-FLOW STATEMENT in €m 2025 2024 Operating cash flows * 5,607 * 5,378 Change in working capital (233) (239) Cash flows related to operating activities 5,374 5,139 Operating investments (1,161) (1,067) Repayment of lease liabilities (332) (305) Adjusted free cash flow 3,880 3,767 Financia
Slide 32: Simplified Balance Sheet
SIMPLIFIED BALANCE SHEET in €bn Assets Liabilities 24.3 24.3 23.1 23.1 Non-current assets Inventories Shareholders’ equity Other current assets Cash Non-current liabilities Current liabilities 2026 General Meeting 32
Slide 33: Sales 1st Quarter 2026
SALES 1ST QUARTER 2026 36
Slide 34: 1st Quarter 2026
1 ST Q U A R T E R 2 0 2 6 • Robust sales growth at the end of March, revenue amounted to €4.1 billion (+6% at constant exchange rates compared with 2025) in a complex geopolitical context. • The Americas, Japan and Europe excluding France recorded solid double-digit growth in sales. Greater China c
Slide 35: Outlook
OUTLOOK 35
Slide 36: Outlook
OUTLOOK • In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious goal for revenue growth at constant exchange rates. • In a still uncertain economic and geopolitical context, the group has moved into 2026 with confidence, t
Slide 37: 2026: Venture Beyond
2026: VENTURE BEYOND • Continued job creation in France and worldwide • Opening of the leather goods workshop in Loupes (Gironde) • Continued strategic investments in production capacities in all the métiers • Store openings and expansions, notably in London (United Kingdom), Berlin (Germany), Genev
Slide 38: Presentation of the Main Resolutions
PRESENTATION OF THE MAIN RESOLUTIONS 41
Slide 39: Presentation of the Main Resolutions: Dividend
PRESENTATION OF THE MAIN RESOLUTIONS RESOLUTIONS RELATING TO ORDINARY BUSINESS • Dividend per share proposed by the Supervisory Board (4th) IN EUROS 2023 2024 2025 ORDINARY DIVIDEND 15.00 16.00 18.00* EXCEPTIONAL DIVIDEND 10.00 10.00 * Including an interim dividend of € .00 paid on 18 February 2026
Slide 40: Ex-post Compensation Votes
PRESENTATION OF THE MAIN RESOLUTIONS RESOLUTIONS RELATING TO ORDINARY BUSINESS • Effective compensation of corporate officers paid during or awarded for the financial year 2025 (7th to 10th) – Ex-post votes Resolutions Corporate Officers concerned Global ex-post vote 7th (information on the compensa
Slide 41: Compensation Policy for Executive Chairman
PRESENTATION OF THE MAIN RESOLUTIONS RESOLUTIONS RELATING TO ORDINARY BUSINESS • Compensation policies for Executive Chairman (11th) – Ex-ante vote Compensation policy approved by the 2025 Shareholders’ Meeting without amendments. › Fixed compensation: indexed to growth in consolidated revenue for t
Slide 42: Compensation Policy for Supervisory Board Members
PRESENTATION OF THE MAIN RESOLUTIONS RESOLUTIONS RELATING TO ORDINARY BUSINESS • Annual global amount and compensation policy for the Supervisory Board members (12th) – Ex-ante vote Distribution criteria and compensation policy approved by the Shareholders’ Meeting both maintained: › An annual globa
Slide 43: Re-election of Three Supervisory Board Members
PRESENTATION OF THE MAIN RESOLUTIONS RESOLUTIONS RELATING TO ORDINARY BUSINESS • Re-election of three Supervisory Board members for a term of three years (13th to 15th) Mrs Dorothée Altmayer M. Renaud Momméja M. Eric de Seynes Chairman of the Supervisory Board General Meeting 2026 43
Slide 44: Election of Lucia Sinapi-Thomas
PRESENTATION OF THE MAIN RESOLUTIONS RESOLUTIONS RELATING TO ORDINARY BUSINESS • Election of Mrs. Lucia Sinapi-Thomas as a Supervisory Board member (16th) • Executive Director of Capgemini Ventures since 2019, after having held strategic positions within Capgemini for more than 30 years • ESSEC grad
Slide 45: Share Buyback Programme and Capital Reduction
PRESENTATION OF THE MAIN RESOLUTIONS RESOLUTIONS • Share buyback programme (6th) - ordinary business › Authorisation up to a maximum of 10% of share capital › Maximum amount that may be committed: €10 billion › Objectives: to manage the share through a liquidity contract, cancellation, sale, allocat
Slide 46: Extraordinary Business Resolutions
PRESENTATION OF THE MAIN RESOLUTIONS RESOLUTIONS RELATING TO EXTRAORDINARY BUSINESS • Renewal of the delegation of authority to the Executive Management to allocate free existing ordinary shares (18th) › Authorisation validity: 38 months • Amendment of article 24.2 of the Articles of Associations (1
Slide 47: Supervisory Board's Report
SUPERVISORY BOAR.D'S REPORT On corporate governance - To the combined general meeting 47
Slide 48: Statutory Auditors' Reports
STATUTORY AUDI TOR'S REPORTS (On fhe accounts for fhe financial year ending 31 December 2025) Pricewaferhousecoopers Audif Granf Thornton Audif 48
Slide 49: Statutory Auditors' Reports: Ordinary Business
STATUTORY AUDITORS’ REPORTS ISSUED TO THE ORDINARY BUSINESS REPORTS ON THE ANNUAL AND CONSOLIDATED FINANCIAL STATEMENTS Objective: › Obtain reasonable assurance that the financial statements and information present a true and fair view • Opinion on the consolidated financial statements: Certificatio
Slide 50: Statutory Auditors' Special Report on Related-Party Agreements
STATUTORY AUDITORS’ REPORTS ISSUED TO THE ORDINARY BUSINESS (CONTINUATION) STATUTORY AUDITORS’ SPECIAL REPORT ON RELATED-PARTY AGREEMENTS Objective: › To inform you on the main terms and conditions of related-party agreements that have been disclosed to us, without commenting on their relevance or s
Slide 51: Statutory Auditors' Reports: Extraordinary Business
STATUTORY AUDITORS’ REPORTS ISSUED TO THE EXTRAORDINARY BUSINESS STATUTORY AUDITORS’ REPORTS ON DRAFT RESOLUTIONS AFFECTING YOUR COMPANY’S SHARE CAPITAL • Capital reduction by the cancellation of shares purchased (17th resolution) • Authorisation to be given to the Executive Management to grant free
Slide 52: Combined General Meeting April 2026
COMBINE.D GENERAL MEETING 17 APRIL 2026 ,-...._.---- \ / I