Fiscal 2022 Universal Registration Document

5.3 Supplemental information on the individual Company financial statements

5.3.2 Appropriation of earnings

(in million euros)	FISCAL 2022⁽¹⁾	FISCAL 2021	FISCAL 2020	FISCAL 2019	FISCAL 2018
Net income	Net income FISCAL 2022⁽¹⁾ 321	Net income FISCAL 2021 136	Net income FISCAL 2020 221	Net income FISCAL 2019 597	Net income FISCAL 2018 481
Retained earnings	Retained earnings FISCAL 2022⁽¹⁾ 1,506	Retained earnings FISCAL 2021 1,664	Retained earnings FISCAL 2020 1,443	Retained earnings FISCAL 2019 1,276	Retained earnings FISCAL 2018 1,202
Retained earnings⁽²⁾	Retained earnings⁽²⁾ FISCAL 2022⁽¹⁾ 28	Retained earnings⁽²⁾ FISCAL 2021 28	Retained earnings⁽²⁾ FISCAL 2020 28	Retained earnings⁽²⁾ FISCAL 2019 23	Retained earnings⁽²⁾ FISCAL 2018 18
Retained earnings⁽³⁾	Retained earnings⁽³⁾ FISCAL 2022⁽¹⁾ —	Retained earnings⁽³⁾ FISCAL 2021 —	Retained earnings⁽³⁾ FISCAL 2020 —	Retained earnings⁽³⁾ FISCAL 2019 —	Retained earnings⁽³⁾ FISCAL 2018 —
Transfer to legal reserve	Transfer to legal reserve FISCAL 2022⁽¹⁾ —	Transfer to legal reserve FISCAL 2021 —	Transfer to legal reserve FISCAL 2020 —	Transfer to legal reserve FISCAL 2019 —	Transfer to legal reserve FISCAL 2018 —
Transfer from long-term capital gains reserve	Transfer from long-term capital gains reserve FISCAL 2022⁽¹⁾ —	Transfer from long-term capital gains reserveFISCAL 2021—	Transfer from long-term capital gains reserveFISCAL 2020—	Transfer from long-term capital gains reserveFISCAL 2019—	Transfer from long-term capital gains reserveFISCAL 2018—
Distributable earnings	Distributable earnings FISCAL 2022⁽¹⁾ 1,855	Distributable earnings FISCAL 2021 1,828	Distributable earnings FISCAL 2020 1,692	Distributable earnings FISCAL 2019 1,896	Distributable earnings FISCAL 2018 1,701
Net dividend	Net dividend FISCAL 2022⁽¹⁾ 354	Net dividend FISCAL 2021 292	Net dividend FISCAL 2020 —	Net dividend FISCAL 2019 427	Net dividend FISCAL 2018 405
Dividend premium⁽⁴⁾	Dividend premium⁽⁴⁾ FISCAL 2022⁽¹⁾ 2	Dividend premium⁽⁴⁾ FISCAL 2021 2	Dividend premium⁽⁴⁾ FISCAL 2020 —	Dividend premium⁽⁴⁾ FISCAL 2019 3	Dividend premium⁽⁴⁾ FISCAL 2018 2
Reserves	Reserves FISCAL 2022⁽¹⁾ —	Reserves FISCAL 2021 —	Reserves FISCAL 2020 —	Reserves FISCAL 2019 —	Reserves FISCAL 2018 —
Retained earnings	Retained earnings FISCAL 2022⁽¹⁾ 1,499	Retained earningsFISCAL 20211,534	Retained earningsFISCAL 20201,692	Retained earningsFISCAL 20191,466	Retained earningsFISCAL 20181,294
Number of shares outstanding	Number of shares outstanding FISCAL 2022⁽¹⁾ 147,454,887	Number of shares outstandingFISCAL 2021147,454,887	Number of shares outstandingFISCAL 2020147,454,887	Number of shares outstandingFISCAL 2019147,454,887	Number of shares outstandingFISCAL 2018147,454,887
Number of shares entitled to a dividend	Number of shares entitled to a dividend FISCAL 2022⁽¹⁾ 147,454,887	Number of shares entitled to a dividendFISCAL 2021147,454,887	Number of shares entitled to a dividendFISCAL 2020147,454,887	Number of shares entitled to a dividendFISCAL 2019147,454,887	Number of shares entitled to a dividendFISCAL 2018147,454,887
Earnings per share(in euros)	Earnings per share(in euros) FISCAL 2022⁽¹⁾ 2.18	Earnings per share(in euros)FISCAL 20210.93	Earnings per share(in euros)FISCAL 20201.50	Earnings per share(in euros)FISCAL 20194.05	Earnings per share(in euros)FISCAL 20183.26

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(1) Subject to approval by the Annual Shareholders Meeting to be held on December 19, 2022.

(2) Corresponding to dividends not paid on treasury shares.

(3) Corresponding to the 10% dividend premium not paid.

(4) The Board of Directors proposes at the Annual Shareholders Meeting on December 19, 2022, to pay a dividend of 2.40 euros per share for Fiscal year 2022.

5.3.3 Supplier and client past due invoices

INVOICES RECEIVED AND PAST DUE AS OF AUGUST 31, 2022

(in million euros)	0 DAY	1-30 DAYS	31-60 DAYS	61-90 DAYS	OVER 91 DAYS	TOTAL(1 DAY AND OVER)
Classified as late payment
Number of invoices	1,047					1,969
Amount (incl. VAT)	19	15	15	1	1	32
% of total purchases (net of VAT) for the fiscal year	7.8%	6.2%	6.2%	0.5%	0.4%	13.3%
Invoices related to disputed or unrecognized payables and not classified as late payment
Number of invoices	—
Amount (incl. VAT)	—
Reference payment terms used
	Contractual payment terms

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INVOICES ISSUED AND PAST DUE AS OF AUGUST 31, 2022

(in million euros)	0 DAY	1-30 DAYS	31-60 DAYS	61-90 DAYS	OVER 91 DAYS	TOTAL(1 DAY AND OVER)
Classified as late payment	Classified as late payment0 DAY
Number of invoices	Number of invoices 0 DAY 431	Number of invoices 1-30 DAYS	Number of invoices 31-60 DAYS	Number of invoices 61-90 DAYS	Number of invoices OVER 91 DAYS	Number of invoices TOTAL(1 DAY AND OVER) 2,368
Amount (incl. VAT)	Amount (incl. VAT) 0 DAY 37	Amount (incl. VAT) 1-30 DAYS 3	Amount (incl. VAT) 31-60 DAYS 2	Amount (incl. VAT) 61-90 DAYS 1	Amount (incl. VAT) OVER 91 DAYS 16	Amount (incl. VAT) TOTAL(1 DAY AND OVER) 22
% of total purchases (net of VAT) for the fiscal year	% of total purchases (net of VAT) for the fiscal year 0 DAY 8.2%	% of total purchases (net of VAT) for the fiscal year 1-30 DAYS 0.7%	% of total purchases (net of VAT) for the fiscal year 31-60 DAYS 0.5%	% of total purchases (net of VAT) for the fiscal year 61-90 DAYS 0.3%	% of total purchases (net of VAT) for the fiscal year OVER 91 DAYS 3.5%	% of total purchases (net of VAT) for the fiscal year TOTAL(1 DAY AND OVER) 5.0%
Invoices related to disputed or unrecognized receivables and not classified as late payment
Number of invoices	Number of invoices 0 DAY 14
Amount (incl. VAT)	Amount (incl. VAT) 0 DAY 1
Reference payment terms used	Reference payment terms used0 DAY	Reference payment terms used1-30 DAYS	Reference payment terms used31-60 DAYS	Reference payment terms used61-90 DAYS	Reference payment terms usedOVER 91 DAYS	Reference payment terms usedTOTAL(1 DAY AND OVER)
(in million euros)	0 DAY Contractual payment terms

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