Investor relations Additional share information 06 Interim fulfillment of performance conditions under the November 15, 2024 performance share plan for employees and the Managers Criteria Weighting Interim results 2024 vs. 2023 Share price performance Michelin share price must outperform the Stoxx Europe 600 index by at least 5 points between 2023 and 2026 (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 20% +7.4% 2024 2025 2026 Corporate social responsibility performance Industrial-Michelin Environmental Performance – i-MEP(1) must be below 77 points in 2026 Vesting prorated to the achievement rate between the trigger point of 83 and the targeted 77 points 20% 82.6 points - The average employee engagement rate for 2024, 2025 and 2026 must exceed 85% Result calculated on a pro-rated basis between 83% and 85% 20% 84.7% - Operating performance Average annual growth in revenue, like-for like excluding tires and distribution, must exceed 8% over the 20232024, 2024-2025 and 2025-2026 periods Result calculated on a straight-line basis between the threshold of 3% and the targeted 8% 20% -3.5% - Total consolidated ROCE (including acquisitions, related goodwill and equity-accounted companies) must exceed 12% in 2026 Result calculated on a straight-line basis between the threshold of 10% and the targeted 12% 20% 10.5% - (1) Annual scope based on reported figures, including acquisitions from the fourth year of consolidation in the Group’s financial statements. Performance shares vested and delivered Note that during 2024: the two Managers received 93,021 performance share rights (one received 58,138 and the other received 34,883); n the two Managers received 40,040 performance shares (one received 24,024 and the other received 16,016); n the ten employees other than Managers who were granted the greatest number of share rights: l received 150,725 performance share rights; l received 111,320 fully vested performance shares. Clermont-Ferrand, February 12, 2025 Florent Menegaux Managing Chairman 486 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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