FFP_REGISTRATION_DOCUMENT_2017

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GROUP PRESENTATION Portfolio presentation

www.immobiliere-dassault.com

BUSINESS

OWNERSHIP STRUCTURE (31/12/2017)

Immobilière Dassault is a SIIC (French listed real-estate investment company) that has a portfolio of high-quality properties in the centre and inner suburbs of Paris. In the last few years, Immobilière Dassault has continued its policy of refocusing on prime office and retail properties. In 2017, it acquired a building used for retail, office and residential purposes at 16 rue de la Paix (2nd arrondissement of Paris) for €36 million excluding taxes and transfer duties), and began projects to renovate buildings including 127 Champs Elysées (8th arrondissement of Paris) and 16 rue de la Paix. At constant scope, rental income rose 1.7% year-on-year to €16.1 million in 2017, and the occupancy rate is 98% (93% including 16 rue de la Paix). The increase in the value of the company’s portfolio (excluding transfer duties) positively impacted operating profit by €14.3 million in 2017. Net profit totalled €28.5 million. Management will propose an ordinary dividend of €1.24 per share to shareholders in the AGM.

59.7% Dassault

family group

19.7% FFP INVEST

7.1% Michel Seydoux family group

13.5% Free float and treasury shares

FFP’S INVESTMENT

In the first half of 2006, FFP and the Dassault family decided to transfer part of their real-estate assets to Immobilière Dassault. FFP INVEST owns 19.7% of Immobilière Dassault. The value of the shareholding, for the purposes of Net Asset Value and the consolidated financial statements, is based on the share price at 31 December 2017. Jean-Philippe Peugeot is a member of Immobilière Dassault’s Supervisory Board.

MAIN FIGURES

2016

2017

(in millions euros)

Appraisal value of the real-estate portfolio Net Asset Value per share (€)

439

496

53 38

54 29

Net profit

Dividend per share (€)

2.2

1.2*

* Proposed to the AGM.

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FFP

2017 REGISTRATION DOCUMENT