5 _329 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE Report of the Managers ● a 2.9% decrease from the negative currency effect, due in particular to the decline in the US dollar, as well as the Chinese yuan and the Turkish lira, against the euro; ● a 0.5% increase from changes in the scope of consolidation, led by the inclusion of FCG on September 26, 2023, of CPS in Australia, acquired in July 2022, and of US-based Blacksmith, following the acquisition of all its outstanding shares in April 2023. Sales from the non-tire businesses (particularly conveyors, fine dining and travel services, and fleet connected mobility solutions) rose by 10% over the year, adding 0.5% to consolidated 2023 sales growth. (in € millions and %) 2023 Second-half 2023 Fourthquarter 2023 Third-quarter 2023 First-half 2023 Secondquarter 2023 First-quarter 2023 SALES 28,343 14,264 7,191 7,073 14,079 7,118 6,961 Change, year-on-year -247 -1,037 -667 -370 +790 +310 +480 Volumes -1,336 -839 -585 -254 -497 -68 -429 Price-mix +1,623 +369 +120 +249 +1,254 +457 +797 Currency effect -811 -679 -266 -413 -132 -186 +54 Scope of consolidation +131 +77 +52 +25 +54 +42 +12 Non-tire sales +146 +35 +12 +23 +111 +65 +46 Change, year-on-year -0.9% -6.8% -8.5% -5.0% +5.9% +4.6% +7.4% Volumes -4.7% -5.5% -7.4% -3.4% -3.7% -1.0% -6.6% Price-mix +5.7% +2.4% +1.5% +3.3% +9.4% +6.7% +12.3% Currency effect -2.9% -4.4% -3.4% -5.6% -1.0% -2.7% +0.8% Scope of consolidation +0.5% +0.5% +0.7% +0.3% +0.4% +0.6% +0.2% Non-tire sales +0.5% +0.2% +0.2% +0.3% +0.8% +1.0% +0.7% 5.1.2 a) Sales by reporting segment Segment information is presented according to the following three operating segments: ● automotive and related distribution; ● road transportation and related distribution; ● specialty businesses and related distribution. The Specialty businesses include the Mining, Beyond-road, Two‑wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the most part in the “Road transportation and related distribution” segment. Operating segment performance is measured primarily on the basis of sales and segment operating income, according to the same measurement principles used in the consolidated income statement. (in € millions) 2023 Second-half 2023 Fourthquarter 2023 Third-quarter 2023 First-half 2023 Secondquarter 2023 First-quarter 2023 GROUP 28,343 14,264 7,191 7,073 14,079 7,118 6,961 Automotive and related distribution 14,339 7,315 3,728 3,587 7,024 3,567 3,457 Road transportation and related distribution 6,975 3,578 1,802 1,776 3,397 1,701 1,696 Specialty businesses and related distribution 7,029 3,371 1,661 1,710 3,658 1,850 1,808 Change, year-on-year -0.9% -6.8% -8.5% -5.0% +5.9% +4.6% +7.4% Automotive and related distribution +1.4% -3.0% -4.4% -1.4% +6.4% +6.6% +6.2% Road transportation and related distribution -6.5% -10.4% -12.5% -8.2% -2.1% -5.2% +1.3% Specialty businesses and related distribution +0.6% -10.6% -12.5% -8.6% +13.6% +10.9% +16.4%
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