SAINT_GOBAIN_REGISTRATION_DOCUMENT_2017

2017 results and outlook for 2018 Financial results

Flat Glass

ORGANIC GROWTH

OPERATING INCOME

CAPEX

+5.2%

€571m MARGIN 10.1%

€468m

VOLUME +2.5%

PRICES +2.7%

2017 VS. 2016

Sales (€m)

Operating income and margin (€m -%)

10.1%

9.1%

2,865

2,807

2,708

2,656

287

284

256

234

8.8%

9.5%

9.9%

10.2%

5

H1-2016 H2-2016 H1-2017 H2-2017

H1-2016

H2-2016

H1-2017 H2-2017

Flat Glass like-for-like sales increased 5.2% over the year (up higher prices for transformed glass in the second half; Asia 4.7% in the second half). Automotive glass advanced in all and emerging countries continued to grow. Organic growth regions in terms of both sales and orders, bolstered in along with a positive price-cost spread for raw materials and particular by strong momentum in Asia and emerging energy drove a further rally in the operating margin, up to countries. Sales linked to the construction market in Western 10.1% from 9.1% in 2016. Europe improved, with float glass price trends stabilizing and

High-Performance Materials

ORGANIC GROWTH

OPERATING INCOME

CAPEX

+5.8%

€715m

€192m

+5.4% +0.4% VOLUME PRICES

MARGIN

15.1%

2017 VS. 2016

Sales (€m)

Operating income and margin (€m -%)

13.7%

15.1%

2,387

2,351

2,264

2,243

356

359

318

298

14.0%

13.3%

15.0%

15.1%

H1-2016 H2-2016 H1-2017 H2-2017

H1-2016 H2-2016 H1-2017 H2-2017

High-Performance Materials (HPM) sales rose 5.8% on a hesitant start to the year, North America saw good like-for-like basis (up 9.2% in the second half), lifted by all momentum in the second half. All HPM businesses reported regions and especially Asia and emerging countries. After a growth over the year, particularly Ceramics on the back of

99 SAINT-GOBAIN - REGISTRATION DOCUMENT 2017