BIC - 2018 Registration document

COMMENTS ON THE YEAR

Operations and consolidated results

2018 GROUP PERFORMANCE BY GEOGRAPHICAL AREA

NET SALES BREAKDOWN BY GEOGRAPHICAL AREA

FY 2017 (restated for IFRS 15)

Change as reported

Change on a comparative basis

FY 2018

(in million euros)

Group Net Sales Europe Net Sales

2,041.4

1,949.8

(4.5)%

+ 1.5%

570.0

559.7

(1.8)%

+ 1.8%

North America Net Sales

786.7

765.6

(2.7)%

+ 1.4%

Developing markets Net Sales

684.7

624.5

(8.8)%

+ 1.5%

IMPACT OF CHANGE IN PERIMETER AND CURRENCY FLUCTUATIONS ON NET SALES

FY 2017

FY 2018

(in %)

Perimeter

(0.9) (0.8) (0.7) + 0.4

(0.6) (4.8) (1.5) (1.5) (0.4) (0.2) (0.3)

Currencies

Of which USD • Of which BRL • Of which MXN •

(0.1)

Of which RUB and UAH •

+ 0.1

Of which INR •

-

SENSITIVITY OF NET SALES TO KEY CURRENCY CHANGES

2017

2018

(in %)

+/-5% change in USD +/-5% change in BRL +/-5% change in MXN

+/- 1.8 +/- 0.5 +/- 0.3

+/- 1.8 +/- 0.4 +/- 0.3

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •