SEB S A : 2023 UNIVERSAL REGISTRATION DOCUMENT INCLUDING THE ANNUAL FINANCIAL REPORT

Message from the Chairman Message from the CEO Our business

Business model

Corporate Social Responsibility Board of Directors

Key figures

1 Introduction to the Group

1. Business sector
2. Groupe SEB objectives and value creation model
3. Organization and internal control
4. Risk factors and management

2 Corporate governance

1. Implementation framework for corporate governance principles
2. Management structure
3. Composition, organization and operation of the Board of Directors
4. Group management bodies
5. Remuneration policy

3 Corporate Social Responsibility

1. Strategy, results and governance
2. Non-financialperformance statement DPEF ,

Duty of vigilance and vigilance plan DV

1. People matter
2. Sustainable Innovation and respect for consumers
3. Circular revolution
4. Climate action
5. Reporting process
6. Applying the EU taxonomy regulation to Groupe SEB
7. Report buy the independent third-party organization on the verification of the non- financial statement included in the group management report

4 Commentary

on the financial year

1. Highlights
2. Commentary on consolidated sales
3. Commentary on consolidated results
4. Commentary on SEB S.A.'s results
5. Outlook
6. Post-balancesheet events

1588.2 Draft resolutions and Board of Directors' report to the Combined Annual General

272 Information required for Annual financial report, pursuant to Article L. 451-1-2 of the Monetary and Financial Code are identified in the correspondence table in Chapter 9.4.

€8,006M

2023 SALES

+5.3%

ORGANIC SALES GROWTH

Universal

Registration

Document 2023

& Annual Financial Report

SEB Group's mission is to

"Make consumers' everyday lives easier and more enjoyable and contributing to better living all around the world".

To achieve this, the Group's vision is based on two strategic objectives:

• strengthen its leading positions in the Consumer segment through a policy of continuous innovation and the ongoing expansion of its category coverage, and thereby outperform its market;
• become a global standard in the Professional segment by capitalizing on the success of its Coffee business to broaden its scope of activity: enter new market segments and integrate new business lines.

Performance in 2023 was solid and we returned to dynamic growth trends, much more in line with our historical standards, after three very turbulent years.

Navigating this period did not occur without challenges, but, thanks to our good agility, we managed to weather the particularly volatile environment.

Beyond this immediate adaptability, we always maintained our long-term strategic focus. We continued to invest in innovation, to build new categories and open up new horizons. This unique combination of agility and forward planning has a name: resilience.

2023 confi rmed the relevance of our profitable growth model, which leverages the expansion of the middle classes, the emergence of new needs and consumer aspirations for more sustainable products. Our markets, enjoying structural growth, offer a myriad of opportunities.

Furthermore, our expansion in the professional segment opens up new perspectives for the Group. The acquisitions of Pacojet, La San Marco, and more recently Sofi lac, with its emblematic brands, Charvet and Lacanche, confirm the Group's ambition in the professional and semi-professional culinary markets.

Our talented and diversifi ed teams, our fundamental values and our commitment to solid corporate governance are at the heart of the deployment of our strategy. Together, we are therefore determined to continue to pursue our purpose: to make everyday life easier and more enjoyable for our consumers and contribute to better living around the world.

Groupe SEB performed well in 2023, against a backdrop of diffi cult economic conditions. As anticipated, we regained good momentum in Consumer and reaffirmed our global leadership through an intensive

product innovation strategy, deployed effectively.

In Professional, we continued our progress and consolidated our position as a world leader in coffee machines with strong growth in China and the United States in particular. At the same time, we broadened our scope of action by means of targeted acquisitions, which further enhance our ambition to become a leading player in Professional Equipment.

The dynamic sales, the continuous improvement of gross profi t and disciplined management of all costs allowed the Group to exceed its initial target for growth in operating income. We end the fi nancial year with a stronger balance sheet and financial structure.

We reaffirm our medium-term ambitions of average annual organic growth in revenue of at least 5% and an operating margin of around 11%. For 2024, we confirm our objective to deliver an operating margin close to 10%.

I would like to thank all employees for their commitment and contribution to these fine achievements.

OUR CONSUMER MARKET*

Estimated at

€75 billion

• €50bn Small Electrical Appliances
• €25bn Cookware

Structural growth (>3%per year)

Multi-channel distribution

Fragmented market

Geographic business distribution

Electrical cooking

Food and beverage preparation

Cookware

Consumer brands Core brands

Global

Regional

Cookware

Professional brands Hot and cold beverages

OUR RESOURCES

COMMITTED

STAFF

• >31,000 employees
• 115 nationalities
• Managers: average of 14 years of service; 42% women
• 6,500 employees
  in sales and marketing

INNOVATION AT THE HEART OF THE GROUP

• ~3,000 employees
• 6 centers of excellence
• 6 regional hubs
• ~€300 million invested
• >10,000 active patents (439 fi led in 2023)

MANUFACTURING

BASE

• 41 production sites, including 6 dedicated to professional products
• ~240 million products manufactured/year
• All sites
  ISO 14001 certified

STRONG

BRANDS

• 35 brands
  in 150 countries
• Tefal, 15th favorite brand of the French (out of 1,300)

A SOLID

FINANCIAL BASE

• Shareholder stability
• Shareholders' equity of €3.5bn
• Available liquidity of €2.5bn*

OUR VALUE

OUR STRATEGIC AMBITION

STRENGTHEN OUR POSITION AS WORLD LEADER IN SMALL DOMESTIC EQUIPMENT

OUR KEY SUCCESS FACTORS

&

PROVEN EXPERTISE IN EXTERNAL GROWTH

Structuring or targeted acquisitions

that have contributed to the Group's development

A PIONEER IN SOCIAL AND ENVIRONMENTAL RESPONSIBILITY

CSR at the heart of the Group's strategy

GROUP VALUES

CREATION FORMULA

BECOME A BENCHMARK PLAYER IN IN THE PROFESSIONAL SECTOR

VALUE CREATED AND SHARED

FOR

EMPLOYEES

• 18 hours of training
  on average per employee per year since 3 years
• 5th best employer in France (electrical equipment category)
• 66% of work-study students or interns hired (executives)

BROAD

PRODUCT

PORTFOLIO

• 50 consumer product categories.
• Synergies between different product families.

POWERFUL

COMMERCIAL

EXECUTION

• Multi-channeldistribution:
  60% offline
  40% online.
• DTC: 1,200 physical outlets and 100 online outlets (outside China).

COMPETITIVE

INDUSTRY

• 60% of production carried out in- house: agility and flexibility.
• Specific technological expertise and know-how.

FOR

CUSTOMERS

• >350M products sold per year (5 years average)**
• €2.5bn in sales from products launched since 2021
• >75% of sales generated in markets where the Group is a leader

FOR THE PLANET

AND SOCIETY

Ecovadis platinum (2023)

• Synergies in terms of geographic areas, products and business sectors.
• Ability to mobilize the necessary financial and human resources.
• Integration expertise.
• A pioneer in repairability since 2008.
• Ecodesign at the heart of product development
• The Group's commitment to its local communities is deeply rooted in its DNA.
• Aiming at contributing to global carbon neutrality achievement by 2050.

• 48% recycled materials in our manufactured products in 2023
• -40%reduction in CO2 eq. emissions by product since 2016 (scopes 1 and 2)
• 91% of our consumer products are repairable for 15 years

FOR

SUPPLIERS

• ~74% of purchases covered by the Responsible Purchasing Charter
• 36 suppliers ➜ AA label from Intertek

FOR FINANCIAL

PARTNERS

• ORfA: €726m
• Profi t attributable to owners of the parent: €386m
• Free cash-flow:€805m
• 2023 dividend: €2.62*
  (+8% a year for 15 years)