A look at our performance, 2021-2023 SALES (in € millions) 2030 Ambition Average annual growth in sales of 5% between 2023 and 2030, with 20% to 30% of sales generated by businesses other than tire manufacturing and related distribution in 2030. 2021 2021 2021 23,795 2,966 12.5% 1,845 3,396 11.9% 2,009 3,572 12.6% 1,983 28,590 28,343 2022 2022 2022 2023 2023 2023 RETURN ON CAPITAL EMPLOYED (%) 2030 AMBITION Continuously create value between 2023 and 2030, with a more than 10.5% ROCE each year OPERATING INCOME(1) (in € millions and as a % of net sales) NET DEBT (as a % of equity) invested in 2023 €2.2bn NET INCOME (in € millions) FREE CASH FLOW BEFORE ACQUISITIONS (in € millions) PRODUCT/SERVICE VITALITY INDICATOR(3) 2022 2023 2030 Product/ service vitality 31% 31% >30% 2030 Ambition Sustain the pace of product and service innovation 2030 Brand vitality BRAND VITALITY SCORE(2) 2030 Ambition 2022 2023 65 73 65 Maintain the strength of the MICHELIN brand (1) Of the segments. (2) S ingle score composite indicator which summarizes the current vitality of the brand. It is based on five metrics: brand purpose, innovation, communication, brand experience and love. (3) Percentage of sales from products and services introduced in the last three years. 2021 2021 2021 10.3 19 1,464 10.8 25 -104 11.4 18 3,009 2022 2022 2022 2023 2023 2023 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN _31
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