SAINT_GOBAIN_REGISTRATION_DOCUMENT_2017

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2017 results and outlook for 2018 Financial results

FINANCIAL RESULTS 1.

The 2017 consolidated financial statements were approved and adopted by Saint-Gobains’s Board of Directors at its meeting of February 22, 2018. The consolidated financial statements were audited and certified by the Statutory Auditors.

2017 KEY FIGURES

SALES €40.8bn

OPERATING INCOME €3.028m operating margin: 7.4%, +20 BP bp

ACTUAL

LIKE-FOR-LIKE

ACTUAL

LIKE-FOR-LIKE

+4.4%

+4.7%

+7.5%

+9.6%

FREE CASH FLOW €1,353m

NET DEBT €5,955m

RECURRING NET INCOME €1,631m EPS (1) : €2.96 +17.0% +16.7% ACTUAL

1.4 X EBITDA

+7.6%

=

CHANGES BASEDON 2017 VS. 2016

Solid organic growth in all Business Sectors and regions (up 4.7%); acceleration in H2 (up 6.0%) and in Q4 (up 6.5%); „ Positive trends in sales prices, up 2.0%; acceleration in H2 (up 2.3%) and in Q4 (up 2.7%); „ Further rise in operating income, up 9.6% like-for-like, and in operating margin, up to 7.4% from 7.2%; „ Further strong increase in recurring net income (2) , up 16.7%; „ Free cash flow (3) up 7.6% to €1,353 million; „ Ahead of our strategic objectives, with €641 million in acquisitions and €290 million in cost savings; „ Net debt at €5.95 billion (versus €5.64 billion at end-2016); buyback of 8.3 million shares during the year; „ 2017 dividend up at €1.30 per share, to be paid wholly in cash. „

(1) Calculated on the number of shares in circulation of 550,785,719 shares at December 31, 2017. (2) Recurring net income: net attributable income excluding capital gains and losses on disposals, asset write-downs and material non-recurring provisions (3) 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.

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