Cie Generale Des Etablissements Michelin Sa · EURONEXT:ML
Cie Generale Des Etablissements Michelin Sa — Michelin — ESG Presentation (November 2026)
38 slides from Cie Generale Des Etablissements Michelin Sa's sustainability presentation, Nov 4, 2026
Slide 1: ESG Roadshow
ESG Roadshow ODDO BHF November 4-5, 2026
Slide 2: All-sustainable, anchored in Michelin's strategy
All-sustainable, anchored in Michelin’s strategy 2 ESG 130 years of innovation that have made Michelin a global leader contributing to human progress and a more sustainable world Striking the right balance between People, Profit and the Planet Evolving in a globalized value chain extending from the
Slide 3: 4 hallmarks rooted in the Group's history and guiding strategic decisions
4 hallmarks rooted in the Group's history and guiding 3 strategic decisions ESG PIONEER Decarbonation Resources and biodiversity Renewable energies ENERGY MATERIAL Circularity EFFICIENCY MASTERY New mobility Wear particles Social care, training and Employee health relationships with employees and sa
Slide 4: A tangible leadership
A tangible leadership 4 ESG MATERIALS EXPERTISE ENERGY EFFICIENCY SOCIAL INNOVATION EXCELLENCE IN HEALTH AND SAFETY 27% 50% Global Living Michelin tires are wage employer designed to Michelin tires are Since 1992, Michelin has designed to wear out, in reduced the rolling Certified by the Fair stay s
Slide 5: Agencies: Focus on the most recognized actors
Agencies: Focus on the most recognized actors 5 ESG 2026 Michelin Ratings* Low Risk AA A A- A B 88 / 100 CLIMATE WATER SUPPLIER 14.4 CHANGE SECURITY ENGAGEMENT Prime Platinum * as of September 30, 2026 Roadshow ESG _ November 4-5, 2026
Slide 6: Appendix
we MICHELIN
Slide 7: Zoom on Tire Road Wear Particles (TRWP)
Zoom on Tire Road Wear Particles (TRWP)
Slide 8: What are Tire and Road Wear Particles?
What are Tire and Road Wear Particles? 8 ESG DEFINITION Factors influencing emissions Friction Mix 1.8 between tire and road of rubber + road dust Average Density Road topology Car specifications Driving style IMPACT Weather ≈ 1 million tons of TRWP emitted annually in Europe Roadshow ESG _ November
Slide 9: TRWP environmental impacts still need to be refined
TRWP environmental impacts still need to be refined 9 ESG AIR MARINE Studies confirm that Field monitoring studies show that TRWP account for less than 10% of between 1 and 13% of TRWP particulate matter pollution (PM10) generated could reach the estuaries PM10 = ~ 1% of the tire mass loss (dependin
Slide 10: Tires abrasion: A considerable competitive edge for Michelin
Tires abrasion: A considerable competitive edge for Michelin, 10 with no compromise on total performance ESG Particle emissions: Michelin ahead of all premium tiremakers MICHELIN unit: g 1,000 km ton of vehicle Total Performance = -27% emissions No Compromise 78 76 -18% 71 Energy efficiency 65 63 Av
Slide 11: As a leader in its industry, Michelin is driving progress on TRWP
As a leader in its industry, Michelin is driving progress on TRWP 11 ESG Regulation • Michelin fully supports Euro 7, which will help reduce particle emissions • Regulation adopted by the European Commission in June 2026, for passenger car tires • Michelin is satisfied with the test methods and ambi
Slide 12: Zoom on Risk Management
zoom on Risk Management Gd MICHELIN
Slide 13: Integrated approach within quality corporate direction
Integrated approach within quality corporate direction 13 ESG Our Goal “To keep residual risks below the tolerable level” Risk control is a process that combines 3 activities: Risk Management Internal Control Internal Audit Involves 4 steps: Controls the key activities Method entirely based on risk.
Slide 14: 14 families of risks
14 families of risks 14 NON-CONTINUITY of ACTIVITIES ESG LEAKAGE of BRANDS and KNOWLEDGE & KNOW-HOW GOVERNANCE, REPUTATION REPORTING, FINANCE LEGAL AUTONOMOUS ENTITIES ENVIRONNEMENT DEPLOYMENT of HEALTH & SAFETY of STRATEGY PERSONNEL & TIERS MANAGEMENT OF PEOPLE ANTICORRUPTION DATA, DIGITAL & AND SO
Slide 15: Sustainability stakes from the double materiality assessment
Sustainability stakes from the double materiality assessment 15 ESG E1 Climate change mitigation (Scopes 1&2) S2 Human rights in the value chain E1 Climate change mitigation (Scope 3) E3 Water consumption E2 Wear particles (TRWP) IMPACT E2 Air and water pollution E5 Resource depletion MATERIAL MATER
Slide 16: Zoom on Climate Change
Zoom on Climate Change
Slide 17: 2030 environmental ambition: On track to reach net-zero emissions in 2050
2030 environmental ambition: On track to reach net-zero 17 emissions in 2050 Group’s ability to have an influence ESG high 2025 2030 2050 limited Manufac- -48% -47% Net Zero Scope 1 & 2 Turing* CO2 emissions vs. 2019 Logistics* -28% -90% CO2 emissions vs. 2019 CO2 emissions vs. 2019 Upstream energy*
Slide 18: Climate strategy structured around transition and adaptation plans
Climate strategy structured around transition and adaptation 18 plans, towards net-zero emissions by 2050 ESG STRUCTURED AROUND 2 AXES: BASED ON 3 PRINCIPLES: • A transition plan including initiatives to • Achieve net-zero emissions by 2050 by decarbonize direct and indirect activities in the fulfil
Slide 19: The Approach to Adaptation Plan
The Approach to Adaptation Plan: 19 2 steps needed to identify adaptation measures on Michelin sites ESG Determine on-site: Determine off site: ✓ The residual current vulnerability of people and assets the nature and magnitude of (process, non-process, materials) to physical climate physical climate
Slide 20: Michelin Climate Companion (MCC) for common good
The Tool to manage the Adaptation Plan: 20 Michelin Climate Companion (MCC) for common good ESG Roadshow ESG _ November 4-5, 2026
Slide 21: Other topics
Other topics
Slide 22: Strategic Scorecard - 2025 results in line with 2030 ambitions
Strategic Scorecard - 2025 results in line with 2030 ambitions 22 2030 AMBITIONS METRICS 2023 2024 2025 SUCCESS ESG Be world-class in employee engagement Engagement Rate 83.5% 84.7% 84.4% >85% Be world-class in employee safety TRIR* 4.91 5.01 4.48 <2.50 95 pts Be a reference in diversity, equity and
Slide 23: MICHELIN Pilot Sport Endurance 2026: 50% renewable and recycled materials
23 MICHELIN Pilot Sport Endurance 2026: 50% renewable and recycled materials with no compromise on performance ESG 5 0% renewable Exclusive fitment and recycled materials on Hypercars A New Design natural rubber To make visible the invisible: technological innovation RECOVERED carbon black Better Pe
Slide 24: Demonstration tire made from 75% renewable and recycled materials
24 The new demonstration tire approved for road use, made from 75% renewable and recycled materials ESG CAR TIRE* Audited by a reputable 7 5% external third party renewable and recycled materials Synthetic rubber natural with bio -butadiene rubber Renewable or recycled textile fibers recovered carbo
Slide 25: Demonstration bus tire made from 70% renewable and recycled materials
25 The new demonstration bus tire approved for road use, made from 70% renewable and recycled materials ESG Rate audited by a reputable external third party Synthetic rubber Demonstrator with bio-butadiene BUS TIRE* Deforestation 70% free natural rubber Bio sourced silica renewable from rice husks a
Slide 26: Moving toward fully circular products, 40% renewable and recycled by 2030
26 Moving toward fully circular products, with 40% renewable and recycled materials by 2030, up to 100% by 2050 ESG Life cycle assessments NATURAL RUBBER SYNTHETIC RUBBER (1) AVOID FILLERS PLASTIFIERS RESINS REDUCE (1) REUSE METALS TEXTILES RECYCLE (2) OTHER RENEW … (1) Carried out with the support
Slide 27: Water resources: Working toward fair and sustainable water use
27 Water resources: Working toward fair and sustainable water use ESG 2019 2024 2025 2030 Ambition Water withdrawals * Reference Year -15% -22% -33% • Confident in Group’s ability to reach 2030 ambition • Robust, financially supported program: ✓ Encouraging water-saving projects, particularly in the
Slide 28: Strong commitment to reduce impact of operations on biodiversity and ecosystems
Strong commitment to reduce impact of operations on biodiversity 28 and ecosystems ESG 2024 2025 2030 RESEARCH & DEVELOPMENT Life Cycle Analysis 100% services: 100 % incl. biodiversity criteria from best methods of new products Pilot of new ranges marketed RAW MATERIALS Natural rubber used by the Gr
Slide 29: Sustainable natural rubber by Michelin
Sustainable natural rubber by Michelin: Driving progress across a 29 complex and fragmented value chain ESG NATURAL RUBBER ACCELERATING SUSTAINABILITY ACROSS THE INDUSTRY BY 2025 SNAPSHOT • Dedicated roadmap focused on zero deforestation, human rights, and farmer empowerment • Geolocation of million
Slide 30: Externalities: Almost 60m€ reduction in 2025
Externalities: Almost 60m€ reduction in 2025, 30 over 220m€ since 2019 ESG Externalities costs evolution: CO2 emissions, VOC(1) emissions and water withdrawals (€ millions) 590 -38% 428 369 -40 -11 CO2 -7 -1 CO2 Scopes Water Scope 3(3) Volatile 1&2 organic compounds 2019 (2) 2024 2025 (1) Volatile O
Slide 31: Fostering social and societal cohesion through ambitious initiatives
Fostering social and societal cohesion through ambitious initiatives 31 ESG ‘Living wage’ for every Michelin One Care Program, Group employee a universal social protection floor • ‘Global Living Wage Employer’ • Providing time to welcome a new child certified by Fair Wage Network • Family protection
Slide 32: Diversity, Equity, Inclusion: Further progress in gender balance
Diversity, Equity, Inclusion: Further progress in gender balance and 32 acceptance of diversity with a new policy supporting the dynamic ESG Around 5 key areas DISABILITY INCLUSION AND EQUITY Michelin promotes access to the Allowing everyone to be valued, embraced, workplace for people with and trea
Slide 33: ESG awareness and oversight embodied in Michelin's governance structure
ESG awareness and oversight are fully embodied in Michelin’s 33 governance structure ESG Group Management Committee = Group Executive Committee + the following departments: Legal, Purchasing, Finance, Information Systems, Internal Control , Audit, Risk Management & Quality, Strategy, Supply Chain, C
Slide 34: Michelin governance pillars
Michelin governance pillars: Clear segregation of management and 34 supervisory powers ESG SHAREHOLDERS (LIMITED PARTNERS) GENERAL PARTNERS With unlimited joint and personal liability for the Company’s debts SUPERVISORY BOARD Managing Chairman Non -Managing and General Partner General Partner (SAGES
Slide 35: An efficiently operating Board with a majority of independent members
An efficiently operating Board with a majority of 35 independent members ESG 2025 89% Independent members(1) Barbara Dalibard Aruna Jayanthi Patrick de La Chevardière Jean-Christophe Laourde 45% Chair Member representing employees Women New 100% Attendance rate Thierry Le Hénaff Monique Leroux Anne-
Slide 36: Taxonomy: Hoping for an operable taxonomy regulation
Taxonomy: Hoping for an operable taxonomy regulation 36 ESG • The Group is committed and follows a 4-step process to assess the contribution of its activities to its environmental objectives • Like other companies, Michelin faces challenges related to the interpretation of the text and criteria deem
Slide 37: Disclaimer
37 DISCLAIMER Disclaimer This presentation is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with Autorité des marchés financiers, which are also available from the
Slide 38: Contacts
38 CONTACTS BUSINESS CENTER PARIS TROCADERO Guillaume JULLIENNE 112 avenue Kléber 75116 Paris – France Benjamin MARCUS 23 place des Carmes Dechaux 63040 Clermont-Ferrand – France Nadia AIT MOKHTAR [email protected] Roadshow ESG _ November 4-5, 2026