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 criteria and objectives (70% of the target fixed compensation) Net income Profit As a % of fixed compensation 0% 20% 30% - 11.2% Value of the indicator €1,750m €2,000m €2,150m €1,890m - 2023 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 0% 70% 105% - 48.7% Quantifiable qualitative criteria and objectives (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 0% 30% 45% 26.6% Total quantitative and qualitative excluding net income criteria 64.10% TOTAL VARIABLE COMPENSATION AS % OF FIXED COMPENSATION (rounded to the nearest decimal) 0% 100% 150% 75.3% Maximum value of all quantitative and quantifiable qualitative criteria 150% of annual fixed compensation Actual overall achievement rate (quantitative and quantifiable qualitative criteria) 75.3% Amount awarded (in €) 579,828.48 Achievement rate as a % of the reference fixed compensation 75.3% 126 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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