Safran : Corporate Governance Roadshow

CORPORATE GOVERNANCE ROADSHOW

April - May, 2021

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This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

Agenda

1. Safran's Corporate Governance :
2. 1. Managerial transition - Appointment of Olivier Andriès as the new CEO
   2. Safran's climate strategy
   3. A Board of Directors incorporating best governance standards
3. Safran 2021 Shareholders' Meeting :
4. 1. A Shareholders' Meeting behind closed doors
   2. Presentation of the proposed resolutions
5. Additional information:
6. 1. Remuneration
   2. • Impact of the Covid-19 crisis on compensation
      • 2021 compensation policies ("Ex ante")
      • 2020 Say on pay ("Ex post")
   3. Equity shareholding

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This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

1

A. Managerial transition - Appointment of Olivier Andriès as the new CEO

B. Safran's climate strategy

C. A Board of Directors incorporating best governance standards

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This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

A. Managerial transition - Appointment of Olivier Andriès as the new CEO

Together with a confirmation of the separation of the roles of Chairman and CEO

As CEO:

Appointement of Olivier Andriès as the new CEO, effective January 1, 2021

o Separation of the roles of Chairman of the Board of Directors and CEO since 2015

o Combined benefits of :

• A CEO and his managerial and industrial record
• A Non-exec. Chairman, Ross McInnes

o Complementary profiles, expertise and careers to ensure the Group's smooth governance, based on transparency between Executive Management and the Board

o A balanced & measured split between the roles of the Chairman and the CEO which ensures their duties are effectively segregated

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As Director:

o Olivier Andriès was also appointed as Director, effective January 1, 2021

o Reflects the Board's continuing belief that it is useful and necessary for the CEO also to be a Director :

• as it enables the CEO to be among his peers at the Board table, and
• also allows the Board to benefit from his contribution to its discussions

The managerial transition takes place in continuity, while maintaining the focus on operational excellence, cost control and financial discipline

This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

B. Safran's climate strategy- Commitment & priorities

Climate change sets a major and systemic challenge for civil aviation. Safran's climate strategy addresses the challenge in order to offer customers innovative solutions at a competitive cost. With its position in most aircraft-system segments, and all energy systems in particular, the Group spearheads the technological response to climate change

An ambitious commitment for the aviation sector and	Safran priorities for green aviation
Safran's vision to achieve it

(5) Sustainable Aviation Fuel (6) Drop-in fuels are fuels that can replace all or some of conventional kerosene without any operational impact, i.e. without requiring modification to infrastructures (at airports, for example) or to aircraft or engines, whether existing or under development.

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This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran