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Investor Presentation May 2017

2016 KEY FIGURES NET SALES EBITDA MARGIN(2) RECURRING OPERATING INCOME €76,645m up 5.1% a +2.7% (1) Stable margin (1) At constant exchange rates €2,351m a margin of 3.1% ADJUSTED NET INCOME, GROUP SHARE FREE CASH FLOW EX. EXCEPTIONAL ITEMS NET DEBT €1,031m or €1,039m up 1.39 €/per share +9.2% (2) EBITDA: Recurring operating income before depreciation and amortization (including supply chain depreciation) €4,531m an improvement of €15m INVESTOR PRESENTATION May 2017 | 37

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