PERNOD RICARD - 2018-2019 Universal registration document

4.

RISK MANAGEMENT Risk factors

Risk factors 4.2

In 2018, the Group updated its risk matrix, which lists risks by importance and probability of occurrence. It is shown below to allow readers to picture the challenges, and should be read in conjunction with the explanatory texts that follow. Every three years, the main risks facing Pernod Ricard are mapped for all Group affiliates and functions. The different risks are classified according to their potential impact and likelihood of occurrence. This risk mapping reflects Pernod Ricard's exposure, and takes into account the control measures in place to limit the probability and the impact. The matrix is a management tool for controlling risks.

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PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT