PERNOD RICARD - 2018-2019 Universal registration document

Pernod Ricard at a Glance

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6.

Extracts from the Integrated

155 156 157 158 160 161 162 211 212 213 215 216 217 229 230 231 207

Consolidated Financial Statements î

Annual Report

5 6 8

Consolidated income statement 6.1

Consolidated statement of comprehensive income 6.2

Message from the Chairman& Chief Executive Officer Our history: a social & entrepreneurial adventure

Consolidated balance sheet 6.3

Changes in consolidated shareholders’ equity 6.4

Our decentralised organisation The Pernod RicardMindset

10 12 14 16 18 20 22 24 26 28

Consolidated cash flow statement 6.5

Notes to the consolidated financial statements 6.6 Statutory Auditors’ report on the consolidated 6.7 financial statements

Our unique dynamic portfoliomanagement tomeet consumer needs & expectations Our Strategy: ‘Transform&Accelerate’ We bring Good Times froma Good Place Our community of inspirational Sustainability & Responsibility leaders

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Pernod Ricard SA Financial Statements î

Pernod Ricard SA income statement 7.1 Pernod Ricard SA balance sheet 7.2 Pernod Ricard SA cash flow statement 7.3 Analysis of Pernod Ricard SA results 7.4

Our Board of Directors

Our Executive Board&Executive Committee

Our value creationmodel

Our key financial &non-financial figures

Notes to the Pernod Ricard SA financial statements 7.5 Other items relating to the financial statements 7.6 Financial results over the last five financial years 7.7 Dividends paid over the last five financial years 7.8 231 Statutory Auditors’ report on the financial statements 7.10 232 Statutory Auditors’ special report on regulated 7.11 agreements and commitments 235 Inventory of marketable securities 7.9 Combined Shareholders’ Meeting Agenda - Combined Shareholders’ Meeting held 8.1 on 8 November 2019  Presentation of the resolutions of the Combined 8.2 Shareholders’ Meeting held on 8 November 2019 239 Draft resolutions of the Combined Shareholders’ 8.3 Meeting held on 8 November 2019 244 Statutory Auditors’ report on the share capital 8.4 reduction 258 Statutory Auditors’ report on the issue of ordinary 8.5 shares and/or various securities 259 Statutory Auditors’ report on the authorisation 8.6 to grant free performance shares 261 Statutory Auditors’ report on the authorisation 8.7 to grant share subscription or purchase options 262 Statutory Auditors’ report on the issuance of ordinary 8.8 237 238 shares or securities conferring entitlement to share capital, reserved for members of company saving plans 263 Statutory Auditors' report on the issuance of ordinary 8.9 shares or securities conferring entitlement to share capital, with cancellation of preferential subscription rights 264

2.

Corporate Governance 31 Report of the Board of Directors on corporate governance 32 Composition of the Board of Directors 2.1 on 30 June 2019 32 Overview of the composition of the Board 2.2 of Directors and its Committees 33 Duties performed by the Directors 2.3 34 Governance Structure 2.4 44 Composition of the Board of Directors 2.5 46 Structure and operation of the Board of Directors 2.6 52 Structure and operation of the Committees 2.7 54 Compensation policy 2.8 58 Financial authorisations and delegations 2.9 76 Share buyback programme 2.10 78 Items liable to have an impact in the event 2.11 of a public offer 80 Shareholders’ Meetings and attendance procedures 2.12 81 Management structure 2.13 82

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3.

85 86

Sustainability&Responsibility î

Pernod Ricard brings Good Times froma Good Place 3.1 Themain sustainaibility risks and opportunities 3.2

87

The four pillars of the Good Times 3.3 froma Good Place roadmap

90 111

Ethics & compliance 3.4

Reference table for the United Nations Sustainable 3.5 Development Goals (SDGs) Methodology note and third-party verification 3.6

116 117

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9.

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RiskManagement î

About the company and its Share Capital

265

Internal control and riskmanagement procedures 4.1

124 126 141 142 142

Information about Pernod Ricard 9.1 Information about the share capital 9.2

266 268

Risk factors 4.2

Insurance and risk coverage 4.3

Risks and disputes: provisioning procedure 4.4 Financial and accounting information 4.5

10.

Additional Information in the Universal

5.

RegistrationDocument Persons responsible î 10.1 Documents on display 10.2

273

143

Management Report î

274 274 275

Key figures from the consolidated financial 5.1 statements for the year ended 30 June 2019 Analysis of business activity and results 5.2

144 145 150

Reference tables 10.3

Net debt 5.3 Outlook 5.4

151 151 151 152 152

Financial policy 5.5

Recent Developments  5.6

Definitions and reconciliation of alternative 5.7 performance indicators with IFRS indicators

Items in the annual financial report (AFR) are identified in the contents by the pictogram î

Material contracts 5.8

2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT