Pernod Ricard Market Exposure & Multi-Year Drag Simulator

Scenario Presets

US 3-Yr Growth Trajectory (CAGR) -3.2%

China 3-Yr Growth Trajectory (CAGR) -5.8%

Distributor Destocking Duration 6 Quarters

Cognac (Martell) Sensitivity Drag 1.40x

Scotch & Whiskies Sensitivity Drag 1.10x

Deterministic financial model ready for institutional export.

Projected FY28 Net Revenue

€11.24B

Delta: -€0.66B vs Baseline €11.90B

Cumulative 3-Yr Revenue Drag

-€1.82B

US & China Headwind Loss

Estimated EBITDA Margin Dilution

-185 bps

Luxury Cognac Mix Shift

Multi-Year Revenue Trajectory (€ Billions)

Regional Attribution & Headwind Drag (€B)

Region	FY24 Base (€B)	Share %	Simulated 3-Yr CAGR	FY28 Projected (€B)	Net Headwind Drag (€B)