3 _131 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 3 CORPORATE GOVERNANCE REPORT Information about the components of compensation paid or awarded to the corporate officers The achievement rates for the criteria that determine the amounts due in respect of annual variable compensation are as follows: Criterion Objective Measurement method(1) Min. Target Max. 2023 actual Achievement rate Quantitative criteria and objectives (70% of the target fixed compensation) Net income Profit As a % of fixed compensation 0% 20% 30% - 14.73% Value of the indicator €1,800m €2,048m €2,200m €1,983m - 2023 segment operating income (SOI) Profit As a % of fixed compensation 0% 25% 37.5% - 37.5% Value of the indicator €3,150m €3,400m €3,550m €3,866m - Growth in free cash flow before acquisitions Profit As a % of fixed compensation 0% 25% 37.5% - 37.5% Value of the indicator €1,400m €1,800m €2,050m €3,009m - Total quantitative 0% 70% 105% - 89.73% 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% - 9.5% 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% - 7.08% Value of the indicator 1.15 1.06 1.00 1.01 - Percentage of Group management positions held by women People As a % of fixed compensation 0% 5% 7.5% - 6.75% Value of the indicator 19.8% 20.8% 21.8% 21.5% - CO2 emissions (Scopes 1 and 2) Planet As a % of fixed compensation 0% 10% 15% - 9.79% Value of the indicator 2.3mt 2.16mt 2.02mt 2.163mt - Total quantifiable qualitative 0% 30% 45% 33.12% Total quantitative and qualitative excluding net income criterion 108.12% TOTAL VARIABLE COMPENSATION AS % OF FIXED COMPENSATION (rounded to the nearest decimal) 0% 100% 150% 122.8%
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