Corporate governance report Information about the components of compensation paid or awarded to the corporate officers 02 Criterion Objective Measurement method(1) Min. Target Max. 2024 actual Achievement rate Quantitative criterion and objective related to the position of General Partner/1st component Net income Profit As a % of the Profit Share N/A N/A N/A N/A N/A Value of the indicator (Profit Share calculation base) 4% 4% 4% 4% 4%(1) Quantitative criteria and objectives/2nd component (50% of the target fixed compensation) 2024 segment operating income (SOI) Profit As a % of fixed compensation 0% 25% 37.5% - 0% Value of the indicator €3,500m €3,670m €3,800m €3,419m - Growth in free cash flow before acquisitions Profit As a % of fixed compensation 0% 25% 37.5% - 37.5% Value of the indicator €1,500m €1,800m €2,050m €2,225m - Total quantitative/2nd component 0% 50% 75% - 37.5% Quantifiable qualitative criteria and objectives/2nd component (30% of the target fixed compensation) Implementation of the strategy (deployment of the transformations) Profit Board assessment based on implementation of the Balanced Score Card As a % of fixed compensation 0% 10% 15% - 8.5% Value of the indicator N/A N/A N/A N/A N/A Total Case Incident Rate (TCIR) People As a % of fixed compensation 0% 5% 7.5% - 0% Value of the indicator 1.01 0.95 0.92 1.03 - Percentage of Group management positions held by women People As a % of fixed compensation 0% 5% 7.5% - 7% Value of the indicator 22.5% 23.5% 24.5% 24.3% - CO2 emissions (Scopes 1 and 2) Planet As a % of fixed compensation 0% 10% 15% - 11.1% Value of the indicator 2.14 mt 2.04 mt 1.94 mt 2.02 mt - Total quantifiable qualitative/2nd component 0% 30% 45% 26.6% Total quantitative and qualitative excluding net income criteria 64.1% TOTAL VARIABLE COMPENSATION AS % OF FIXED COMPENSATION/1ST AND 2ND COMPONENTS (rounded to the nearest decimal) 0% N/A 150% 105.3% Maximum value of all quantitative and quantifiable qualitative criteria 150% of annual fixed compensation Actual overall achievement rate 105.3% Amount awarded (in €) 1,158,700.00 Capped achievement rate as a percentage of the fixed reference compensation (including the amount corresponding to the compensation as General Partner) 150.00% (1) This is a percentage of 4.0%, determined by the Supervisory Board on the basis of the Profit Share calculation (0.6% of consolidated net income for the year, in application of the 2024 compensation policy) and not by reference to fixed compensation. 122 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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