www.se.com 388 Schneider Electric Universal Registration Document 2021 Chapter 5 – Consolidated financial statements at December 31, 2021 23.8 – Financial risk management Foreign currency risk arises from the Group undertaking a significant number of foreign currency transactions in the course of operations. These exposures arise from sales in currencies other than the Group’s presentational currency of Euro. The main exposure of the Group in terms of currency exchange risk is related to the US dollar, Chinese Yuan and currencies linked to the US dollar. In 2021, revenue in foreign currencies amounted to EUR 23.0 billion (EUR 20.1 billion in 2020), including around EUR 7.4 billion in US dollars and EUR 4.4 billion in Chinese yuan (respectively EUR 6.6 and EUR 3.7 billion in 2020). The Group manages its exposure to currency risk to reduce the sensitivity of earnings to changes in exchange rates. The financial instruments used to hedge the Group’s exposure to fluctuations in exchange rates are described above. The table below shows the impact of a 10% change in the US dollar and the Chinese Yuan against the Euro on Revenue and Adjusted EBITA. It includes the impact from the translation of financial statements into the Group’s presentation currency, and assumes no scope impact. (in millions of euros) Dec. 31, 2021 Increase/ (decrease) in average rate Revenue Adj. EBITA US Dollar 10% 74 3 106 (10)% (676) (97) Chinese Yuan 10% 438 109 (10)% (398) (99) (in millions of euros) Dec. 31, 2020 Increase/ (decrease) in average rate Revenue Adj. EBITA US Dollar 10% 665 86 (10)% (604) (78) Chinese Yuan 10% 372 95 (10)% (338) (87) Note 24: Employees 24.1 – Employees The Group average number of permanent and temporary employees is as follows: (number of employees) Full year 2021 Full year 2020 Production 91,519 81,470 Administration 74,5 0 6 73,996 TOTAL AVERAGE WORKFORCE 166,025 155,466 of which Europe, Middle East, Africa and South America 66,214 6 7, 5 4 9 of which North America 34,427 32,633 of which Asia-Pacific 65,384 55,284 24.2 – Employee benefit expense (in millions of euros) Full year 2021 Full year 2020 Payroll costs (8,207) ( 7, 0 8 2) Profit-sharing and incentive bonuses (66) (57) Stock options and performance shares (161) (145) EMPLOYEE BENEFITS EXPENSE (8,434) ( 7, 2 8 4) 24.3 – Benefits granted to senior executives In 2021, the Group paid EUR 1.8 million in attendance fees to the members of its Board of directors. The total amount of gross remuneration, including benefits in kind, paid in 2021 by the Group to the members of Senior Management, excluding executive directors, totaled EUR 25.2 million, of which EUR 5.5 million corresponded to the variable portion. During the last three financial years, 696,839 performance shares have been allocated, excluding Corporate Officers. No stock options have been granted during the last three financial years. In 2021, performance shares were allocated under the 2021 long-term incentive plan 39. Since December 16, 2011, 100% of performance shares are conditional on the achievement of performance criteria for members of the Executive Committee. 5.5 Notes to the consolidated financial statements