_1 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 1 THE GROUP 2 Company profile 2 Interview with Florent Menegaux 4 CAPITALIZING ON OUR FUNDAMENTALS 7 The major trends reshaping a world in transition 8 Our business model 10 Our strengths 12 Our Michelin in Motion strategy 14 Our strategic pillars in detail 16 Tires 18 Connected solutions 21 High-Tech Materials 22 ACCELERATING OUR TRANSFORMATION 25 Our All Sustainable vision 26 An interview with Yves Chapot 27 Profit 28 People 32 Planet 36 MEETING THE HIGHEST STANDARDS OF GOVERNANCE 41 Governance structure 42 The Managers and the Group Executive Committee 44 The Supervisory Board 46 Risk management 48 Ethics and compliance 49 Investor relations 50 Presentation and strategy of the Michelin Group
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