MERLIN Properties Annual Report 2022

MERLIN Properties | 117 WAGE GAP ANALYSIS The total compensation earned per employee by the average number of employees has been taken into account to calculate the average remuneration and the wage gap. The 2022 remuneration includes an extraordinary bonus, granted by the Board of Directors, on a general basis to all employees not included in the group benefiting from the long-term incentive, consisting of a special remuneration of a maximum of 2 monthly payments. Total compensation earned includes all compensation accrued in a financial year, which would include: • Fixed salary. (Includes all remuneration received by the employee during the year including salary increases, components of collective bargaining agreement, bonuses, sickness or accident benefits, temporary disability compensation and all remuneration agreed as fixed salary in general with employees). • Variable remuneration (including annual bonuses and extraordinary bonuses). • Remuneration in kind (health insurance, life insurance, shares and flexible remuneration) • Compensation and severance payments. (1) Definition Wage gap=Average pay for men-Average pay for women / Average pay for men x 100. Average remuneration by gender (€k) 2021 2022 Men 195 190 Women 59 60 Average remuneration by age (€k) 2021 2022 Under 30 years old 62 55 30 to 50 years old 102 108 Over 50 years old 212 201 Average remuneration by category (€k) 2021 2022 Directors 614 647 Middle management 110 106 Other professionals 41 43 Overall total 133 131 Gender wage gap 2021 2022 Directors N/A N/A Middle management 15% 7% Other professionals 15% 13% Gender wage gap (1)