04 Sustainability Statement European Taxonomy 4.7.4 CALCULATION PRINCIPLES AND TABLES The following paragraphs present in detail the principles used to calculate the three key performance indicators required by the European Taxonomy Regulations. 4.7.4.1 Sales KPI For CCM activity 3.6, the percentage of eligible sales is determined by dividing the sales of passenger car, light truck and truck tires in rolling resistance classes A to D by total consolidated sales, as shown in the consolidated financial statements (see the consolidated income statement in Chapter 5 of this document). For CE activity 5.1, the percentage of eligible sales is determined by dividing the sales of truck tire retreading services (as defined in section 4.7.2.2 above) by total consolidated sales for the year (see Chapter 5 of this document). Similarly, the percentage of eligible sales of CCM activity 8.2 is calculated by dividing the sales of Masternaut, Sascar and Nextraq (see section 4.7.2.2 above) by total consolidated sales for the year (see Chapter 5 of this document). 4.7.4.2 CapEx KPI The European Taxonomy defines the methods for calculating alignment ratios. By analogy, the Group reports its eligible capital expenditure, which may be: n associated with the activity’s eligible sales; n associated with a capital plan to expand eligible activities or to transform eligible activities into aligned activities within five years, or up to ten years if warranted by the features of the activity in question; n individual capital outlays that are not associated with an activity intended to be marketed by the Group. Some of the Group’s capital expenditure is directly allocated to each activity (e.g. outlays committed to introduce technologies that improve tire rolling resistance). For other capital expenditure (in infrastructure shared by several activities, for example, or in semi-finished goods production units serving several activities), the Group uses an allocation method based on each activity’s use of the assets concerned. The capital expenditure reported for a given activity is therefore all of the capital expenditure directly committed to it plus the indirect capital expenditure allocated to it, less capital expenditure on corporate projects. In the case where some capital expenditure is associated with an activity that is not marketed by the Group, these outlays are reported separately to avoid double counting. 4.7.4.3 OpEx KPI In accordance with the European Taxonomy, the only operating expenses disclosed in this report are direct non-capitalized costs relating to research and development, building renovations, maintenance and repair, short-term leases and any other direct expenses related to the day-to-day servicing of the property, plant and equipment assets. On this basis, the total Taxonomyeligible OpEx amounts to 7.5% of the Group’s total operating expense in 2024 (see section 5.2.1 2024 consolidated financial statements of this document). As mentioned above, given the OpEx KPI’s lack of materiality, the Group claims exemption from the OpEx reporting obligation, as specified in article 8 of the Taxonomy regulation. The tables presenting Taxonomy disclosures concerning sales, CapEx, OpEx and gas and nuclear activities) may be found in Appendix C below. 261 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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