Danone // 2020 Universal Registration Document

corporate governance 6.3 Compensation and benefits of governance bodies DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 260 Results Year ended December 31 2016 2017 2018 2019 2020 Compensation of Danone SA employees Annual average compensation 117,991 121,765 131,363 132,196 141,627 Change +3.2% +7.9% +0.6% +7.1% Annual median compensation 72,172 74,063 77,080 81,009 86,006 Change +2,6% +4,1% +5,1% +6,2% Compensation of the Chief Executive Officer (until December 1, 2017) Annual compensation of Mr. Emmanuel FABER 4,252,670 4,681,007 – – – Change +10.1% – – – Compensation of the Chairman and Chief Executive Officer (as of December 1, 2017) Annual compensation of Mr. Emmanuel FABER – – 4,787,135 4,650,400 3,869,625 Change – – +2.3% (2.9)% (16.8)% Compensation of the Chairman of the Board of Directors (until November 30, 2017) Annual compensation of Mr. Franck RIBOUD 2,000,000 2,483,333 – – – Change +24.2% – – – Average employee compensation ratios Emmanuel FABER – Chief Executive Officer 36 38 – – – Change +5.6% – – – Emmanuel FABER – Chairman and Chief Executive Officer – – 36 35 27 Change – – (5.3)% (2.8)% (22.9)% Franck RIBOUD – Chairman of the Board 17 20 – – – Change +17.6% – – – Median employee compensation ratios Emmanuel FABER – Chief Executive Officer 59 63 – – – Change +6.8% – – – Emmanuel FABER – Chairman and Chief Executive Officer – – 62 57 45 Change – – (1.6)% (8.1)% (21)% Franck RIBOUD – Chairman of the Board 28 34 – – – Change +21.4% – – – Company performance Recurring EPS 3.10 3.49 3.56 3.85 3.34 Change +12.6% +2.0% +8.1% (13.2) % Rating awarded by CDP under its Climate Change program in the fiscal year in question B A – A A A Compensation differences by quintile In addition to the ratios presented above, a significant additional insight into the distribution of remuneration by quintile for more than 90% of Danone’s employees in all professional categories in France is presented below. Year ended December 31 1 st quintile (20%) 2 nd quintile (40%) Median (50%) 3 rd quintile (60%) 4 th quintile (80%) 2020 34,535 40,635 43,380 46,504 61,571 Calculations are made on the basis of the employees taken into account for the calculation of “Indicator 1” of the Gender Equality Index 2020, by applying the quintile formula, i.e. the statistical distribution of the sample by 20%.