/ Criteria linked to the financial performance of Publicis Groupe
Objectives | Results | Percentage of objective met | Amount of target variable compensation | Amount of variable compensation to be paid |
|---|---|---|---|---|
Objectives Organic growth | Results With organic growth of -2.3%, Publicis Groupe is at the bottom of the peer group | Percentage of objective met Not met | Amount of target variable compensation €168,000 | Amount of variable compensation to be paid - |
Objectives Operating margin | Results With an operating margin of 17.3%, Publicis Groupe is number one in the peer group. | Percentage of objective met 100% met | Amount of target variable compensation €168,000 | Amount of variable compensation to be paid €168,000 |
/ Financial and non-financial individual criteria:
Objectives | Results | Percentage of objective met | Amount of target variable compensation | Amount of variable compensation to be paid |
|---|---|---|---|---|
Objectives Management and execution of the savings plan | Results The savings plan was carried out in accordance with the Commitment; the All In One real estate program in particular generated a reduction in occupancy costs. | Percentage of objective met 100% met | Amount of target variable compensation €126,000 | Amount of variable compensation to be paid €126,000 |
Objectives Implementation of the country model | Results The country model was implemented in ten markets or regions, in line with objectives. | Percentage of objective met 100% met | Amount of target variable compensation €126,000 | Amount of variable compensation to be paid €126,000 |
Objectives Cash flow management | Results Working capital, net debt and past due targets were exceeded | Percentage of objective met 100% met | Amount of target variable compensation €126,000 | Amount of variable compensation to be paid €126,000 |
Objectives Employee expenses | Results In accordance with the Commitment, this objective is confirmed taking into account the integration of 9,000 Epsilon employees | Percentage of objective met 100% met | Amount of target variable compensation €126,000 | Amount of variable compensation to be paid €126,000 |
Objectives Total (Financial and non-financial criteria) | Results
| Percentage of objective met
| Amount of target variable compensation €672,000 | |
In accordance with article L. 225-100 (III) of the French Commercial Code, the General Shareholders’ Meeting must vote on the variable and extraordinary items of total compensation and benefits of any kind paid during the past financial year or awarded for that financial year by means of a separate resolution for each member of the Management Board. The General Shareholders’ Meeting of May 27, 2020 will thus be asked to vote on the items of compensation paid or awarded in respect of the 2019 financial year to Anne-Gabrielle Heilbronner, member of the Management Board, as set out below.
These items comply with the principles and criteria of compensation of members of the Management Board with respect to the 2019 financial year presented in Chapter 3.2.2.1 of the 2018 Registration Document of Publicis Groupe SA as approved by the General Shareholders’ Meeting of May 29, 2019 in its seventeenth resolution Given the strong approval of items of compensation at the previous General Shareholders’ Meeting, the items of compensation paid or awarded in respect of the 2019 financial year are in line with those paid or awarded in respect of the 2018 financial year. It should be noted that the fixed, variable and extraordinary items of compensation are subject to the approval of the Ordinary General Shareholders’ Meeting in accordance with the provisions of article L.225-100 (III) paragraph 2 of the French Commercial Code.
These fixed, variable and extraordinary items within the total compensation and the benefits of any kind paid during the past financial year or awarded with respect to the same financial year to Anne-Gabrielle Heilbronner, member of the Management Board, are subject to the approval of the General Shareholders’ Meeting of May 27, 2020 in its fourteenth resolution pursuant to article L. 225-100 (III) of the French Commercial Code.
