Investor Presentaiton

IFRS CASH FLOW STATEMENT 2018 in €M Operating cash flows 2019 restated 2,063 1,863 Change in working capital 24 77 Cash flows related to operating activities 2,087 1,940 Operating investments (478) (312) Repayment of lease liabilities (203) (180) Adjusted free cash flow 1,406 1,447 Net financial investments (53) (19) Dividends paid (487) (958) Treasury share buybacks net of disposals (53) (60) Sale of property 69 Other changes 93 75 Change in net cash position 907 553 Closing IFRS net cash position Opening IFRS net cash position 4,372 3,465 3,465 2,912 HERMÈS 2019 RESULTS /35

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