Investor Presentaiton

Robust Executive Remuneration Policy •⚫ Fixed for duration of mandate Annual Fixed • Total remuneration: aligned with median of CAC 40 / below median of industry peers + • Profit from Recurring Operations (0-20% target of fixed; 37,5% max) Pernod Ricard Créateurs de convivialité Quantitative (80% target) Annual Variable (Target: 110% of fixed) (Max: 180% of fixed) Qualitative (30% target) (1) (FY21 criteria) + Long-Term Incentive (Max: 150% of fixed) (3-year vesting) + Pension Performance Based Shares • Group Net Profit from Recurring Operations (0-20% target; 37,5% max) Recurring Free Cash Flow (0-20% target; 37,5% max) • Cash conversion (0-20% target; 37,5% max) • . Ability to effectively address the impacts of the COVID-19 pandemic and limit the impacts on the Group (12-18%) CSR: demonstrate leadership both internally and externally through regular communications and promotion of the "Good Times from a Good Place" strategy (6-9%) Implementation of the Digital Transformation roadmap (KDP, Finance 4.0) (6-9%) Dynamic management and agility in the reallocation of A&P resources (6-9%) • Internal criterion on PRO (50% weighting): performance shares awarded based on average of the following ratio over three consecutive years: Group Profit from Recurring Operations (2) Group budgeted Profit from Recurring Operations Internal criterion for vesting: . <95% of budget = 0% vesting ⚫ 100% of budget: 100% vesting ⚫ Linear vesting between the two extremes • Internal criterion on CSR (20% weighting): performance shares awarded based on the achievement of the following criteria over three consecutive years: carbon emissions, water consumption in distilleries, responsible consumption and gender diversity on Top Management. If no criterion is achieved: 0% vesting, if one: 25% vesting, if two: 50% vesting, if three: 75% vesting and if all objectives are achieved: 100% vesting. • External criterion (30% weighting): performance shares awarded based on a 3-year TSR achieved as compared to peers (3) • 20% of fixed + variable compensation (10% in performance-based shares approved by the Board each year and 10% in cash) For confidentiality reasons regarding the Group's strategy, details of qualitative objectives may only be made public after the event and after assessment by the Compensation Committee and the Board of Directors Restated for currency effects and changes in the scope of consolidation (1) (2) (3) AB InBev, Brown Forman, Campari, Carlsberg, Coca-Cola, Constellation Brands, Danone, Diageo, Heineken, LVMH, PepsiCo and Remy Cointreau 22 22

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