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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018 Worldreginfo - Bbbad169-E011-4B52-B4f0-D67697071f39 PERNOD RICARD WORLD No

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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018 Worldreginfo - Bbbad169-E011-4B52-B4f0-D67697071f39 PERNOD RICARD WORLD No , REGISTRATION DOCUMENT INCLUDING THE ANNUAL FINANCIAL REPORT WorldReginfo - bbbad169-e011-4b52-b4f0-d67697071f39 CONTENTS PERNOD RICARD AT A GLANCE 2 5 CONSOLIDATED FINANCIAL STATEMENTS 151 5.1Consolidated income statement 152 1 EXTRACTS FROM THE INTEGRATED 5.2Consolidated statement of comprehensive income 153 ANNUAL REPORT 5 5.3Consolidated balance sheet 154 Message from the chairman & chief executive officer 6 5.4Changes in consolidated shareholders’ equity 156 Our history: a social & entrepreneurial adventure 8 5.5Consolidated cash flow statement 157 Identifying experiences of conviviality around the world 10 5.6Notes to the consolidated financial statements 158 Our DNA: the Pernod Ricard mindset a winning spirit of 5.7 Statutory auditors' report on the consolidated conquest 12 financial statements 200 Our unique and dynamic portfolio: to meet local market needs 14 6 PERNOD RICARD SA FINANCIAL Our organisation: decentralised to capture new business STATEMENTS 205 opportunities 16 6.1Pernod Ricard SA income statement 206 Our consumer-focused strategy 18 6.2Pernod Ricard SA balance sheet 207 Our S & R model: for sustainable growth 20 6.3Pernod Ricard SA cash flow statement 209 Board of directors 22 6.4Analysis of Pernod Ricard SA results 210 The executive committee and the executive board 24 6.5Notes to the Pernod Ricard SA financial statements 212 Creating shared value 26 6.6Other elements relating to the financial statements 225 Our key financial figures 28 6.7Financial results over the last five financial years 226 6.8Dividends distributed over the last five financial years 227 2 CORPORATE GOVERNANCE 6.9Inventory of marketable securities 228 AND INTERNAL CONTROL 31 6.10Statutory Auditors’ report on the financial statements 229 2.1 Report of the Board of Directors on corporate 6.11 Statutory Auditors’ special report on regulated governance 33 agreements and commitments 232 2.2 Internal control and risk management 80 2.3 Financial and accounting reporting 82 7 COMBINED SHAREHOLDERS’ MEETING 235 7.1 Combined shareholders' meeting held on 3 SUSTAINABILITY & RESPONSIBILITY 83 21 november 2018 - Agenda 236 Committed to the future while embracing our past 84 7.2 Presentation of the resolutions of the Combined 3.1 A strategy built around the concept of “Créateurs Shareholders’ Meeting held on 21 November 2018 237 de convivialité” 85 7.3 Draft resolutions of the combined shareholders' 3.2 Empower our employees 88 meeting held on 21 november 2018 240 3.3 Promote responsible drinking 94 7.4 Statutory Auditors’ report on the issuance of ordinary 3.4 Develop communities and involve our partners 97 shares or securities conferring entitlement to share capital, reserved for members of company saving 3.5 Protecting the planet 103 plans 247 3.6 Presentation and implementation of 7.5 Statutory Auditors' report on the issuance of ordinary the monitoring plan 117 shares orsecurities conferring entitlement to share 3.7 Verifying non-financial information 121 capital, with cancellation of preferential subscription 3.8 Reference table for the united nations global compact rights 248 principles and the sustainable development goals (SDGs) 124 8 ABOUT THE COMPANY AND ITS SHARE CAPITAL 249 3.9 Report by one of the Statutory Auditors, appointed as independent third party, on the consolidated 8.1Information about Pernod Ricard 250 human resources, environmental and social 8.2Information about THE share capital 252 information included in the management report 125 9 ADDITIONAL INFORMATION 4 MANAGEMENT REPORT 129 TO THE REGISTRATION DOCUMENT 257 4.1 Key figures from the consolidated financial 9.1 Persons responsible 258 statements for the year ended 30 June 2018 130 9.2Documents on display 258 4.2Analysis of business activity and results 132 9.3Reference tables 259 4.3Net debt 135 4.4Outlook 136 4.5 Definitions and RECONCILIATION of alternative performance indicators with IFRS indicators 137 4.6Risk management 138 4.7Significant contracts 147 Items in the annual financial report (AFR) are clearly identified in the contents by the pictogram WorldReginfo - bbbad169-e011-4b52-b4f0-d67697071f39 2017 2O18 REGISTRATION DOCUMENT INCLUDING THE ANNUAL FINANCIAL REPORT This Registration Document was filed with the French Financial Markets Authority (Autorité des Marchés Financiers – AMF) on 26 September 2018, in accordance with article 212-13 of its General Regulation. It may be used in support of a financial transaction if it is supplemented by a prospectus approved by the French Financial Markets Authority. This document has been prepared by the issuer under the liability of the signatories. Copies of the Registration Document are available from the Group Pernod Ricard, 12 place des États-Unis – 75783 PARIS Cedex 16, on the Pernod Ricard website: www.pernod-ricard.com and on the AMF website: www.amf-france.org. 1 PERNOD RICARD REGISTRATION DOCUMENT 2017/2018 WorldReginfo - bbbad169-e011-4b52-b4f0-d67697071f39 PERNOD RICARD WORLD No. 1 for Premium AT A GLANCE and Prestige spirits(a) RESULTS FOR FY18: 86 VERY STRONG YEAR: BUSINESS ACCELERATING MARKET COMPANIES Alexandre Ricard, Chairman & CEO, declared: spread across three regions “ &zϭϴǁĂƐĂǀĞƌLJƐƚƌŽŶŐLJĞĂƌ͘ŽŶƐŝƐƚĞŶƚƐƚƌĂƚĞŐŝĐŝŵƉůĞŵĞŶƚĂƚŝŽŶŚĂƐĞŶĂďůĞĚƵƐƚŽ ĚĞůŝǀĞƌĂƐŝŐŶŝĨŝĐĂŶƚŝŵƉƌŽǀĞŵĞŶƚŝŶďƵƐŝŶĞƐƐƉĞƌĨŽƌŵĂŶĐĞǁŚŝůĞŝŶǀĞƐƚŝŶŐĨŽƌƚŚĞĨƵƚƵƌĞ͘ KƵƌ^ĂůĞƐŚĂǀĞĂĐĐĞůĞƌĂƚĞĚĂŶĚĚŝǀĞƌƐŝĨŝĞĚ͕ĂŶĚŽƵƌŵĂƌŐŝŶƐŝŵƉƌŽǀĞĚ͘ 85% of affiliates have implemented at least /Ŷ&zϭϵ͕ŝŶĂƐƚŝůůƵŶĐĞƌƚĂŝŶŐĞŽƉŽůŝƚŝĐĂůĂŶĚŵŽŶĞƚĂƌLJĞŶǀŝƌŽŶŵĞŶƚ͕ǁĞǁŝůůĐŽŶƚŝŶƵĞ one action to promote ĐŽŶƐŝƐƚĞŶƚůLJŝŵƉůĞŵĞŶƚŝŶŐŽƵƌƐƚƌĂƚĞŐLJ͘KƵƌŐƵŝĚĂŶĐĞĨŽƌ&zϭϵŝƐŽƌŐĂŶŝĐŐƌŽǁƚŚŝŶWƌŽĨŝƚ RESPONSIBLE ĨƌŽŵZĞĐƵƌƌŝŶŐKƉĞƌĂƚŝŽŶƐďĞƚǁĞĞŶнϱйĂŶĚнϳй͘ DRINKING ” Key Figures 93 production WƌŽĮƚĨƌŽŵ 'ƌŽƵƉEĞƚWƌŽĮƚ SITES(b) Recurring ĨƌŽŵZĞĐƵƌƌŝŶŐ Group Net Proposed (3) ΦŵŝůůŝŽŶ Net sales KƉĞƌĂƟŽŶƐ KƉĞƌĂƟŽŶƐ WƌŽĮƚ dividend FY18 8,987 2,358 26.2%(1) 1,511 €2.36 Organic +6.0% +6.3% +10.3% growth(2) 1,577 per (4) 20% share reduction in water consumption(c) Reported +17% growth 0% -2% +2% 26.6%(1) €2.02 FY17 9,010 2,394 1,483 1,393 per share ;ϭͿKƉĞƌĂƚŝŶŐŵĂƌŐŝŶ͘ 30% ;ϮͿKƌŐĂŶŝĐŐƌŽǁƚŚŝƐĚĞĨŝŶĞĚŽŶƉĂŐĞϭϯϳŽĨƚŚŝƐĚŽĐƵŵĞŶƚ͘ reduction ;ϯͿ'ƌŽƵƉEĞƚWƌŽĨŝƚĨƌŽŵZĞĐƵƌƌŝŶŐKƉĞƌĂƚŝŽŶƐ͗WƌŽĨŝƚĨƌŽŵZĞĐƵƌƌŝŶŐKƉĞƌĂƚŝŽŶƐ͕ĂĚũƵƐƚĞĚĨŽƌĨŝŶĂŶĐŝĂůƌĞƐƵůƚĨƌŽŵƌĞĐƵƌƌŝŶŐ ŽƉĞƌĂƚŝŽŶƐ͕ƌĞĐƵƌƌŝŶŐŝŶĐŽŵĞƚĂdž͕ƐŚĂƌĞŽĨŶĞƚƌĞƐƵůƚŽĨĂƐƐŽĐŝĂƚĞƐ͕ƉƌŽĨŝƚĨƌŽŵĂƐƐĞƚƐŚĞůĚĨŽƌƐĂůĞ͕ĂŶĚŶŽŶͲĐŽŶƚƌŽůůŝŶŐ in COЖ emissions(c) ŝŶƚĞƌĞƐƚ͘ ;ϰͿŝǀŝĚĞŶĚƉƌŽƉŽƐĞĚĨŽƌĂƉƉƌŽǀĂůďLJƚŚĞ^ŚĂƌĞŚŽůĚĞƌƐ͛DĞĞƚŝŶŐŽĨϮϭEŽǀĞŵďĞƌϮϬϭϴ͘ PERNOD RICARD REGISTRATION DOCUMENT 2017/2018 2 WorldReginfo - bbbad169-e011-4b52-b4f0-d67697071f39 AN INTERNATIONAL AND DECENTRALISED GROUP €ര8,987M in net sales €ര2,358M Group net profit AMERICA EUROPE ASIA/REST OF THE WORLD €2,546M €2,792M €3,648M €735M €626M €996M (d) (d) (d) 18,481 3,626 9,345 5,510 employees (d) The decentralised model which characterises Pernod Ricard is a major strategic advantage that enables the Group to seize every opportunity for growth. This highly flexible organisation, based on proximity to consumers and customers, has proven its effectiveness. The Group is present in the three major regions of the world, both in mature and emerging markets. This is a real competitive advantage, making it well positioned to benefit from future growth drivers. WORLD No. 2 for wines and spirits ;ĂͿ ^ŽƵƌĐĞ͗͞dŚĞWĞƌŶŽĚZŝĐĂƌĚDĂƌŬĞƚsŝĞǁ͕͟ďĂƐĞĚŽŶ/t^ZǀŽůƵŵĞĚĂƚĂĂƚĞŶĚϮϬϭϳ͘ ;ďͿ EƵŵďĞƌŽĨƐŝƚĞƐŽƉĞƌĂƚŝŶŐĂƐŽĨϯϬ:ƵŶĞϮϬϭϴ͘ ;ĐͿ ZĞĚƵĐƚŝŽŶƉĞƌƵŶŝƚŽĨƉƌŽĚƵĐƚŝŽŶďĞƚǁĞĞŶ&zϭϬĂŶĚ&zϭϴ͘ ;ĚͿ ǀĞƌĂŐĞǁŽƌŬĨŽƌĐĞĚƵƌŝŶŐƚŚĞ&zϭϴ͘ ;ĞͿ ^ŽƵƌĐĞ͗/ŵƉĂĐƚĂƚĂďĂŶŬϮϬϭϳ͕ƉƵďůŝƐŚĞĚŝŶDĂƌĐŚϮϬϭϴ͘ ;ĨͿ ^ŽƵƌĐĞ͗͞ŝ^ĂLJ͟ƐƵƌǀĞLJϮϬϭϳ͘ 16 BRANDS amongst the world’s top 100ര(e) A UNIQUE PORTFOLIO OF PREMIUM BRANDS Pernod Ricard has built a unique portfolio of Premium brands on an international scale that is one of the most comprehensive on the market. This portfolio is managed thanks to the “House of Brands”, a dynamic tool that allows our affiliates to more easily prioritise 94% their marketing investments. of employees are PROUD to be part of PERNOD RICARDര(f) 3 PERNOD RICARD REGISTRATION DOCUMENT 2017/2018 WorldReginfo - bbbad169-e011-4b52-b4f0-d67697071f39 PERNOD RICARD REGISTRATION DOCUMENT 2017/2018 4 WorldReginfo - bbbad169-e011-4b52-b4f0-d67697071f39 1 EXTRACTS FROM THE INTEGRATED ANNUAL REPORT MESSAGE FROM THE CHAIRMAN & CHIEF OUR CONSUMER-FOCUSED STRATEGY 18 EXECUTIVE OFFICER 6 OUR S & R MODEL: FOR SUSTAINABLE OUR HISTORY: A SOCIAL & GROWTH 20 ENTREPRENEURIAL ADVENTURE 8 BOARD OF DIRECTORS 22 IDENTIFYING EXPERIENCES OF CONVIVIALITY AROUND THE WORLD 10 THE EXECUTIVE COMMITTEE AND THE EXECUTIVE BOARD 24 OUR DNA: THE PERNOD RICARD MINDSET A WINNING SPIRIT OF CONQUEST 12 CREATING SHARED VALUE 26 OUR UNIQUE AND DYNAMIC PORTFOLIO: TO OUR KEY FINANCIAL FIGURES 28 MEET LOCAL MARKET NEEDS 14 OUR ORGANISATION: DECENTRALISED TO CAPTURE NEW BUSINESS OPPORTUNITIES 16 5 PERNOD RICARD REGISTRATION DOCUMENT 2017/2018 WorldReginfo - bbbad169-e011-4b52-b4f0-d67697071f39 MESSAGE FROM THE CHAIRMAN & CHIEF EXECUTIVE OFFICER ALEXANDRE RICARD MESSAGE FROM THE CHAIRMAN & CHIEF EXECUTIVE OFFICER The memory of France’s second FIFA World Cup ĐĞƌƚĂŝŶĂƌƚĚĞǀŝǀƌĞŝƐďŽƌŶƚŚƌŽƵŐŚŵŽĚĞƌĂƟŽŶĂŶĚ victory in the summer of 2018 will remain with me for ŬĞĞƉŝŶŐƚŚŝŶŐƐŝŶďĂůĂŶĐĞ͘ ĂůŽŶŐƟŵĞ͘tŚŝůĞĂƌĞŵĂƌŬĂďůĞƐƉŽƌƟŶŐĂĐŚŝĞǀĞŵĞŶƚ ŝŶŝƚƐĞůĨ͕ǁŚĂƚƌĞĂůůLJƐƚƌƵĐŬŵĞǁĂƐƚŚĞŵŝůůŝŽŶƐŽĨ This is precisely the meaning of our vision ƉĞŽƉůĞǁŚŽĐĞůĞďƌĂƚĞĚƚŚĞǁŝŶǁŝƚŚƐƵĐŚĐŽůůĞĐƟǀĞ “Créateurs de convivialité”, and the underlying theme njĞĂů͘ƌŽǁĚƐŽĨƉĞŽƉůĞƐƉŽŶƚĂŶĞŽƵƐůLJĐŽŶǀĞƌŐĞĚ ŽĨŽƵƌĮƌƐƚĐŽƌƉŽƌĂƚĞĐĂŵƉĂŝŐŶƚŚĂƚǁŝůůďĞĚĞƉůŽLJĞĚ ŽŶĞǀĞŶƚŚĞƐŵĂůůĞƐƚŽĨǀŝůůĂŐĞƐƋƵĂƌĞƐ͕ƐƚƌĂŶŐĞƌƐ ŽǀĞƌƚŚĞŶĞdžƚĮƐĐĂůLJĞĂƌ͘dŽƉƌŽǀĞŽƵƌŚLJƉŽƚŚĞƐŝƐ͕ǁĞ
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