Universal Registration Document - Fiscal 2023

5. Information on the Issuer

5.3. Supplemental information on the individual Company financial statements

5.3.1 Five-year financial summary

(in million euros)	FISCAL 2023⁽¹⁾	FISCAL 2022	FISCAL 2021	FISCAL 2020	FISCAL 2019
Capital at end of period	Capital at end of period FISCAL 2023 ⁽¹⁾	Capital at end of period FISCAL 2022	Capital at end of period FISCAL 2021	Capital at end of period FISCAL 2020	Capital at end of period FISCAL 2019
Share capital	Share capital FISCAL 2023 ⁽¹⁾ 590	Share capital FISCAL 2022 590	Share capital FISCAL 2021 590	Share capital FISCAL 2020 590	Share capital FISCAL 2019 590
Number of ordinary shares outstanding	Number of ordinary shares outstanding FISCAL 2023 ⁽¹⁾ 147,454,887	Number of ordinary shares outstanding FISCAL 2022 147,454,887	Number of ordinary shares outstanding FISCAL 2021 147,454,887	Number of ordinary shares outstanding FISCAL 2020 147,454,887	Number of ordinary shares outstanding FISCAL 2019 147,454,887
Maximum number of potential new shares issuable by conversion of bonds	Maximum number of potential new shares issuable by conversion of bonds FISCAL 2023 ⁽¹⁾ —	Maximum number of potential new shares issuable by conversion of bonds FISCAL 2022 —	Maximum number of potential new shares issuable by conversion of bonds FISCAL 2021 —	Maximum number of potential new shares issuable by conversion of bonds FISCAL 2020 —	Maximum number of potential new shares issuable by conversion of bonds FISCAL 2019 —
Income statement data	Income statement data FISCAL 2023 ⁽¹⁾	Income statement data FISCAL 2022	Income statement data FISCAL 2021	Income statement data FISCAL 2020	Income statement data FISCAL 2019
Revenues excluding taxes	Revenues excluding taxes FISCAL 2023 ⁽¹⁾ 224	Revenues excluding taxes FISCAL 2022 202	Revenues excluding taxes FISCAL 2021 168	Revenues excluding taxes FISCAL 2020 135	Revenues excluding taxes FISCAL 2019 128
Earnings before income tax, employee profit-sharing, depreciation, amortization and provisions	Earnings before income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2023 ⁽¹⁾ 1,350	Earnings before income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2022 339	Earnings before income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2021 184	Earnings before income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2020 266	Earnings before income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2019 632
Income tax	Income tax FISCAL 2023 ⁽¹⁾ 10	Income tax FISCAL 2022 9	Income tax FISCAL 2021 15	Income tax FISCAL 2020 14	Income tax FISCAL 2019 23
Employee profit-sharing	Employee profit-sharing FISCAL 2023 ⁽¹⁾ —	Employee profit-sharing FISCAL 2022 —	Employee profit-sharing FISCAL 2021 —	Employee profit-sharing FISCAL 2020 —	Employee profit-sharing FISCAL 2019 —
Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions	Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2023 ⁽¹⁾ 1,308	Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2022 321	Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2021 136	Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2020 221	Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2019 597
Dividend payout	Dividend payout FISCAL 2023 ⁽¹⁾ 459	Dividend payout FISCAL 2022 356	Dividend payout FISCAL 2021 294	Dividend payout FISCAL 2020 —	Dividend payout FISCAL 2019 430
Per share data	Per share data FISCAL 2023 ⁽¹⁾	Per share data FISCAL 2022	Per share data FISCAL 2021	Per share data FISCAL 2020	Per share data FISCAL 2019
Earnings after income tax and employee profit-sharing but before depreciation, amortization and provisions	Earnings after income tax and employee profit-sharing but before depreciation, amortization and provisions FISCAL 2023 ⁽¹⁾ 9.22	Earnings after income tax and employee profit-sharing but before depreciation, amortization and provisions FISCAL 2022 2.36	Earnings after income tax and employee profit-sharing but before depreciation, amortization and provisions FISCAL 2021 1.35	Earnings after income tax and employee profit-sharing but before depreciation, amortization and provisions FISCAL 2020 1.90	Earnings after income tax and employee profit-sharing but before depreciation, amortization and provisions FISCAL 2019 4.44
Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions	Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2023 ⁽¹⁾ 8.87	Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2022 2.18	Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2021 0.93	Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2020 1.50	Earnings after income tax, employee profit-sharing, depreciation, amortization and provisions FISCAL 2019 4.05
Net dividend per share⁽²⁾	Net dividend per share ⁽²⁾ FISCAL 2023 ⁽¹⁾ 3.10	Net dividend per share ⁽²⁾ FISCAL 2022 2.40	Net dividend per share ⁽²⁾ FISCAL 2021 2.00	Net dividend per share ⁽²⁾ FISCAL 2020 —	Net dividend per share ⁽²⁾ FISCAL 2019 2.90
Dividend premium per eligible share⁽²⁾	Dividend premium per eligible share ⁽²⁾ FISCAL 2023 ⁽¹⁾ 0.31	Dividend premium per eligible share ⁽²⁾ FISCAL 2022 0.24	Dividend premium per eligible share ⁽²⁾ FISCAL 2021 0.20	Dividend premium per eligible share ⁽²⁾ FISCAL 2020 —	Dividend premium per eligible share ⁽²⁾ FISCAL 2019 0.290

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(1) Subject to approval by the Annual Shareholders Meeting to be held on December 15, 2023.

(2) The Board of Directors proposes at the Annual Shareholders Meeting on December 15, 2023, to pay a dividend of 3.10 euros per share for Fiscal 2023.

(in million euros)	FISCAL 2023	FISCAL 2022	FISCAL 2021	FISCAL 2020	FISCAL 2019
Employee data	Employee data FISCAL 2023	Employee data FISCAL 2022	Employee data FISCAL 2021	Employee data FISCAL 2020	Employee data FISCAL 2019
Average number of employees during the fiscal year	Average number of employees during the fiscal year FISCAL 2023 511	Average number of employees during the fiscal year FISCAL 2022 487	Average number of employees during the fiscal year FISCAL 2021 465	Average number of employees during the fiscal year FISCAL 2020 448	Average number of employees during the fiscal year FISCAL 2019 434
Salary expense for the fiscal year	Salary expense for the fiscal year FISCAL 2023 83	Salary expense for the fiscal year FISCAL 2022 65	Salary expense for the fiscal year FISCAL 2021 73	Salary expense for the fiscal year FISCAL 2020 43	Salary expense for the fiscal year FISCAL 2019 55
Social security and other employee benefits paid during the fiscal year	Social security and other employee benefits paid during the fiscal year FISCAL 2023 35	Social security and other employee benefits paid during the fiscal year FISCAL 2022 35	Social security and other employee benefits paid during the fiscal year FISCAL 2021 31	Social security and other employee benefits paid during the fiscal year FISCAL 2020 22	Social security and other employee benefits paid during the fiscal year FISCAL 2019 22

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5.3.2 Appropriation of earnings

(in million euros)	FISCAL 2023⁽¹⁾	FISCAL 2022	FISCAL 2021	FISCAL 2020	FISCAL 2019
Net income	Net income FISCAL 2023 ⁽¹⁾ 1,308	Net income FISCAL 2022 321	Net income FISCAL 2021 136	Net income FISCAL 2020 221	Net income FISCAL 2019 597
Retained earnings	Retained earnings FISCAL 2023 ⁽¹⁾ 1,475	Retained earnings FISCAL 2022 1,506	Retained earnings FISCAL 2021 1,664	Retained earnings FISCAL 2020 1,443	Retained earnings FISCAL 2019 1,276
Retained earnings⁽²⁾	Retained earnings ⁽²⁾ FISCAL 2023 ⁽¹⁾ 28	Retained earnings ⁽²⁾ FISCAL 2022 28	Retained earnings ⁽²⁾ FISCAL 2021 28	Retained earnings ⁽²⁾ FISCAL 2020 28	Retained earnings ⁽²⁾ FISCAL 2019 23
Retained earnings⁽³⁾	Retained earnings ⁽³⁾ FISCAL 2023 ⁽¹⁾ —	Retained earnings ⁽³⁾ FISCAL 2022 —	Retained earnings ⁽³⁾ FISCAL 2021 —	Retained earnings ⁽³⁾ FISCAL 2020 —	Retained earnings ⁽³⁾ FISCAL 2019 —
Transfer to legal reserve	Transfer to legal reserve FISCAL 2023 ⁽¹⁾ —	Transfer to legal reserve FISCAL 2022 —	Transfer to legal reserve FISCAL 2021 —	Transfer to legal reserve FISCAL 2020 —	Transfer to legal reserve FISCAL 2019 —
Transfer from long-term capital gains reserve	Transfer from long-term capital gains reserve FISCAL 2023 ⁽¹⁾ —	Transfer from long-term capital gains reserve FISCAL 2022 —	Transfer from long-term capital gains reserve FISCAL 2021 —	Transfer from long-term capital gains reserve FISCAL 2020 —	Transfer from long-term capital gains reserve FISCAL 2019 —
Distributable earnings	Distributable earnings FISCAL 2023 ⁽¹⁾ 2,811	Distributable earnings FISCAL 2022 1,855	Distributable earnings FISCAL 2021 1,828	Distributable earnings FISCAL 2020 1,692	Distributable earnings FISCAL 2019 1,896
Net dividend⁽⁴⁾	Net dividend ⁽⁴⁾ FISCAL 2023 ⁽¹⁾ 454	Net dividend ⁽⁴⁾ FISCAL 2022 350	Net dividend ⁽⁴⁾ FISCAL 2021 292	Net dividend ⁽⁴⁾ FISCAL 2020 —	Net dividend ⁽⁴⁾ FISCAL 2019 427
Dividend premium⁽⁴⁾	Dividend premium ⁽⁴⁾ FISCAL 2023 ⁽¹⁾ 2	Dividend premium ⁽⁴⁾ FISCAL 2022 2	Dividend premium ⁽⁴⁾ FISCAL 2021 2	Dividend premium ⁽⁴⁾ FISCAL 2020 —	Dividend premium ⁽⁴⁾ FISCAL 2019 3
Reserves	Reserves FISCAL 2023 ⁽¹⁾ —	Reserves FISCAL 2022 —	Reserves FISCAL 2021 —	Reserves FISCAL 2020 —	Reserves FISCAL 2019 —
Retained earnings	Retained earnings FISCAL 2023 ⁽¹⁾2,355	Retained earnings FISCAL 2022 1,503	Retained earnings FISCAL 2021 1,534	Retained earnings FISCAL 2020 1,692	Retained earnings FISCAL 2019 1,466
Number of shares outstanding	Number of shares outstanding FISCAL 2023 ⁽¹⁾147,454,887	Number of shares outstanding FISCAL 2022 147,454,887	Number of shares outstanding FISCAL 2021 147,454,887	Number of shares outstanding FISCAL 2020 147,454,887	Number of shares outstanding FISCAL 2019 147,454,887
Number of shares entitled to a dividend	Number of shares entitled to a dividend FISCAL 2023 ⁽¹⁾147,454,887	Number of shares entitled to a dividend FISCAL 2022 147,454,887	Number of shares entitled to a dividend FISCAL 2021 147,454,887	Number of shares entitled to a dividend FISCAL 2020 147,454,887	Number of shares entitled to a dividend FISCAL 2019 147,454,887
Earnings per share (in euros)	Earnings per share (in euros) FISCAL 2023 ⁽¹⁾8.87	Earnings per share (in euros) FISCAL 2022 2.18	Earnings per share (in euros) FISCAL 2021 0.93	Earnings per share (in euros) FISCAL 2020 1.50	Earnings per share (in euros) FISCAL 2019 4.05

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(1) Subject to approval by the Annual Shareholders Meeting to be held on December 15, 2023.

(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 15, 2023, to pay a dividend of 3.10 euros per share for Fiscal year 2023.

Universal Registration Document - Fiscal 2023

5.3. Supplemental information on the individual Company financial statements

5. Information on the Issuer

5.3 Supplemental information on the individual Company financial statements

5.3.1 Five-year financial summary

5.3.2 Appropriation of earnings