Saint Gobain - Registration document 2016

5 2016 RESULTS AND OUTLOOK FOR 2017 1. Financial Results

RECURRING NET INCOME* (in EUR million)

NET INCOME** (in EUR million)

2016/2015: +20.0% 1,398

2016/2015: +1.2%

1,295

1,311

1,165

2015 2016

2015 2016

RECURRING EPS*: €2.53 (+21.1%)

BNPA: €2.36 (+1.7%)

Recurring net income (excluding capital gains and losses, 20.0% to €1,398 million. asset write-downs and material non-recurring provisions) rose

Net attributable income , which in 2015 included net income to €1.311 million. from discontinued operations (Verallia), climbed 1.2% in 2016

CASH FLOW FROM OPERATIONS*** AND CAPEX (in EUR million and % of sales)

Free cash flow +29.0%

2015

2016

5

1,258 3,2%

975 2.5%

2,321 5.9%

2,628 6.7%

1,370 3.5%

1,346 3.4%

Q OPERATING CASH FLOW*** Q CAPEX Q FREE CASH FLOW

objective, representing 3.5% of sales (3.4% of sales in 2015). Capital expenditure totaled €1,370 million, in line with our (€2,562 million in 2015). Before the tax impact of capital gains Cash flow from operations rose 7.3% to €2,749 million non-recurring provisions, cash flow from operations climbed and losses on disposals, asset write-downs and material €1,258 million (3.2% of sales versus 2.5% of sales in 2015). 13.2% to €2,628 million and free cash flow increased 29.0% to

Net income from continuing operations excluding capital gains and losses on disposals, asset write-downs and material non-recurring provisions. * Net attributable income. ** Excluding the tax impact of capital gains and losses on disposals, asset write-downs and material non-recurring provisions. ***

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SAINT-GOBAIN - REGISTRATION DOCUMENT 2016