SAINT_GOBAIN_REGISTRATION_DOCUMENT_2017

2017 results and outlook for 2018 Financial results

RECURRING NET INCOME (1) (in € million)

NET INCOME (2) (in € million)

2017/2016 : + 16.7%

2017/2016 : + 19.5%

1,566

1,631

1,311

1,398

2016 2017

2016 2017

EPS (3) : €2.84 (+20.3%)

Recurring EPS (3) : €2.96 (+17.0%)

Recurring net income (excluding capital gains and losses, asset write-downs and material non-recurring provisions) jumped 16.7% to €1,631 million.

Net attributable income climbed 19.5% to €1,566 million in 2017.

5

CASH FLOW FROM OPERATIONS (4) AND CAPEX (in € million and % of sales)

Free cash flow +7.6%

2016

2017

1,353 3.3%

1,258 3.2%

2,628 6.7%

2,891 7.1%

1,538 3.8%

1,370 3.5%

Q OPERATING CASH FLOW Q CAPEX Q FREE CASH FLOW

Capital expenditure totaled €1,538 million (€1,370 million in 2016), representing 3.8% of sales (3.5% of sales in 2016). Cash flow from operations improved, up 9.9% to €3,020 million (€2,749 million in 2016). Before the tax impact of capital gains and losses on disposals, asset write-downs and material non-recurring provisions, cash flow from operations climbed 10.0% to €2,891 million and free cash flow

increased 7.6% to €1,353 million (3.3% of sales versus 3.2% of sales in 2016).

(1) Net income from continuing operations excluding capital gains and losses on disposals, asset write-downs and material non-recurring provisions. (2) Net attributable income. (3) Calculated on the number of shares in circulation of 550,785,719 shares at December 31, 2017. (4) Cash flow from operations excluding the tax impact of capital gains and losses on disposals, asset write-downs and material non-recurring provisions, less capital expenditure.

105 SAINT-GOBAIN - REGISTRATION DOCUMENT 2017