Saint Gobain - Registration document 2016

5 2016 RESULTS AND OUTLOOK FOR 2017 1. Financial Results

SALES (in EUR million)

+2.6% Like-for-like

GROUP -1.3% on an actual basis

Depreciation of pound sterling and Latin American currencies against the euro Impact of disposals in Building Distribution Prices stable over the year, gaining 0.6% in H2, amid an upturn in inflation

39,623

X

39,093

+2.6%

X

0.0%

-2.9%

-1.0%

X

Further volume growth in all Business Sectors and regions

X

2015 Exchange rates

Structure Price Volumes

2016

second-half 2015). In line with our objectives, we saw a 6.7% in 2015, with 7.4% for the second half (versus 6.9% in the second half, bringing growth over the full year to 10.8%. further like-for-like increase in operating income, up 11.5% in expressed as a percentage of sales) increased to 7.2% from The Group’s operating margin (= Operating income

OPERATING INCOME (in EUR million and % of sales)

5

2,636 (6.7%)

2,818 (7.2%)

1,450

1,368

1,361

1,275

2016/2015 +10.8% like-for-like

6.4%

6.9%

7.0%

7.4%

Operating income up 6.9% on an actual basis

X

Improved Group margin at 7.2% , up in all Business Sectors

X

H1-2015 H2-2015 H1-2016 H2-2016

(versus 2015), exceeding our €250 million target. line with our objective; we made €270 million in cost savings In 2016, the Group’s capital expenditure was €1.37 billion , in Group’s operating performance. Free cash flow jumped 29% to €1,258 million, in line with the

Operating working capital requirements remained at a good record low of 2015. level of 28 days, despite a rise of 1.7 days’ sales, after the representing close to €300 million in full-year sales. The Group continued to pursue its acquisitions strategy , the Group is confident that SWH’s rights will be restored. Regarding the plan to acquire a controlling interest in Sika,

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SAINT-GOBAIN - REGISTRATION DOCUMENT 2016