06 Investor relations Additional share information Plan 15 (Managers) Plan 16 (Excellence) Plan 17 (Managers) June 23, 2020 June 23, 2020 June 23, 2020 November 17, 2021 November 17, 2022 November 17, 2022 55,980 1,791,414 108,056 33,588 - 67,983 22,392 - 40,073 November 17, 2025 (4 years) November 17, 2026 (4 years) November 17, 2026 (4 years) N/A N/A N/A n Michelin share price outperforms the Euro Stoxx 600 index by at least 5 points, comparing the average closing price in 2020 and in 2023 n Corporate social responsibility objective: – i-MEP below 88 points in 2023 – average change in employee engagement rate of more than 1 point over the 2021‑2023 period n Average annual growth in revenue (excluding tires and distribution) of at least 8% over the 2020-2021, 2021‑2022 and 2022-2023 periods n Return on capital employed (ROCE) of at least 11% in 2023 n Michelin share price outperforms the Euro Stoxx 600 index by at least 5 points, comparing the average closing price in 2021 and in 2024 n Corporate social responsibility objective: – i-MEP below 83 points in 2024 – average change in employee engagement rate of more than 1 point over the 2022‑2024 period n Average annual growth in revenue (excluding tires and distribution) of more than 10% over the 2021-2022, 2022-2023 and 2023-2024 periods n Return on capital employed (ROCE) strictly above 11% in 2024 n Michelin share price outperforms the Euro Stoxx 600 index by at least 5 points, comparing the average closing price in 2021 and in 2024 n Corporate social responsibility objective: – i-MEP below 83 points in 2024 – average change in employee engagement rate of more than 1 point over the 2022‑2024 period n Average annual growth in revenue (excluding tires and distribution) of more than 10% over the 2021-2022, 2022-2023 and 2023-2024 periods n Return on capital employed (ROCE) strictly above 11% in 2024 0 814 0 21,272 82,067 0 34,708 1,708,533 108,056 62% 61% 61% (3) Michelin Environmental Footprint (MEF) indicator: energy use, water withdrawals, CO2 emissions, volatile organic compound emissions, amount of waste produced and amount of waste landfilled. (4) Replaces the condition of reporting average consolidated operating income of more than €200 million a year over the 2019-2021 period, which was not feasible given the 2020 business environment. (5) Given the impact of Covid-19 on the business environment, the 2020 result has been factored out of this indicator so that it remains attainable. 477 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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