Saint Gobain - Registration document 2016

5 2016 RESULTS AND OUTLOOK FOR 2017 1. Financial Results

1.1.1

Operating performance by Business Sector

a) INNOVATIVE MATERIALS

Innovative Materials

25%

38%

INDUSTRIAL ASSETS AT END-2016

2016 SALES

ORGANIC GROWTH

OPERATING INCOME

CAPEX

+4.5%

€1,106m MARGIN 11.2%

€573m

VOLUME +2.2%

PRICES +2.3%

2016 VS. 2015

Business Sector widened to 11.2% from 10.5%, driven by the rebound in Flat Glass and a good performance from HPM. Innovative Materials sales climbed 4.5% like-for-like over the year, in line with the first half. The operating margin for the

FLAT GLASS

ORGANIC GROWTH

OPERATING INCOME

CAPEX

+6.5%

€490m MARGIN 9.1%

€375m

VOLUME +2.9%

PRICES +3.6%

2016 VS. 2015

Sales (€m)

Operating income and margin (€m - %)

9.1%

7.9%

2,708

256

2,656

2,633

234

2,584

219

194

7.4%

8.5%

8.8%

9.5%

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

H1-2015

H2-2015

H1-2016 H2-2016

automotive in Asia and emerging countries. In Western benefiting from higher float prices and, as from the second Europe, construction volumes and prices both improved, in line with the first half, led by both construction and Flat Glass like-for-like sales increased 6.5% over the year, ‹

automotive glass stabilized at a good level. half, from a rise in the price of downstream glass; 9.5% in second-half 2016. increase in operating margin, up from 7.9% to 9.1%, and operating leverage over recent years, resulted in a further This organic growth, combined with the optimization of ‹

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SAINT-GOBAIN - REGISTRATION DOCUMENT 2016

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