_470 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE Financial statements 5.3.7 Five-year financial summary (in € thousands and in € per share, unless otherwise specified) 2019 2020 2021 2022 2023 I. CAPITAL AT DECEMBER 31 a) Share capital 357,255 356,680 357,061 357,059 357,479 b) Number of common shares outstanding 714,510,220 713,360,344 714,121,800 714,117,414 714,958,226 II. RESULTS OF OPERATIONS a) Net revenue 1,034,805 797,951 959,769 1,010,962 1,790,853 b) Earnings before tax, depreciation, amortization and provisions (EBTDA) 817,567 1,072,009 635,133 426,055 419,782 c) Income tax 30,603 (9,773) 18,811 (48,236) 19,112 d) Net income 672,105 1,010,644 584,192 544,575 272,053 III. PER-SHARE DATA a) Earnings per share after tax, before depreciation, amortization and provision expenses (EBDA) 1.10 1.52 0.86 0.66 0.56 b) Basic earnings per share 0.94 1.42 0.82 0.76 0.38 c) Dividend per share(1) 0.50 0.58 1.13 1.25 1.35 IV. EMPLOYEE DATA a) Average number of employees - 1 2 2 2 b) Total payroll 1,123 2,280 3,190 2,603 3,502 c) Total benefits (76) 645 838 765 867 (1) Subject to approval by shareholders at the Annual Meeting on May 17, 2024. The number of shares making up the Company's capital increased fourfold in 2022, to 714,117,414 shares with a par value of €0.50. As a result of this change, items for the years 2019 through 2021 have been restated to improve the table’s readability and consistency.
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