06 Investor relations Additional share information INTERIM FULFILLMENT OF PERFORMANCE CONDITIONS UNDER THE NOVEMBER 17, 2023 PERFORMANCE SHARE PLAN FOR EMPLOYEES AND THE MANAGERS Criteria Weighting Interim results 2024 vs. 2022 Share price performance Michelin share price must outperform the Stoxx Europe 600 index by at least 5 points between 2022 and 2025 (based on average closing prices for the two years) Vesting prorated to the achievement rate between the trigger point of 0 and the targeted 5 points 30% -1.2 points 2023 2024 2025 Corporate social responsibility performance Industrial-Michelin Environmental Performance – i-MEP(1) must be below 80 points in 2025 Result calculated on a straight-line basis between the threshold of 86 and the targeted 80 points 20% 83.9 points 82.6 points - The employee engagement rate must exceed 84.5% in 2025. Result calculated on a prorated basis between 83% and 84%, capped at 16% Result calculated on a prorated basis between 84% and 84.5%, capped at 20% 20% 83.5% 84.7% - Operating performance Average annual growth in revenue, like-for like excluding tires and distribution, must exceed 12% over the 2022-2023, 2023-2024 and 2024-2025 periods Result calculated on a straight-line basis between the threshold of 7% and the targeted 12% 15% 10% -3.5% - Total consolidated ROCE (including acquisitions, related goodwill and equity-accounted companies) must exceed 12% in 2025 Result calculated on a straight-line basis between the threshold of 10% and the targeted 12% 15% 11.4% 10.5% - (1) Annual scope based on reported figures, including acquisitions from the fourth year of consolidation in the Group’s financial statements. 485 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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