Saint Gobain - Registration document 2016

9 FINANCIAL AND ACCOUNTING INFORMATION 1. 2016 Consolidated Financial Statements

Transactions carried out in 2015 2.2.2

Other changes in Group structure b)

Sale of the Packaging Sector a) Following the announcement made on June 8, 2015, Saint-Gobain Group sold the Packaging Sector on October 29, 2015 to funds managed by affiliates of Apollo Global Management, LLC and BPI France, which currently hold 90% and 10%, respectively, of the share capital. The sale was made disposal gains in respect of the Packaging Sector in 2015. income of the Packaging Sector until the date of sale and the Assets Held for Sale and Discontinued Operations”, net income from discontinued operations included the net As a result, and in accordance with IFRS 5, “Non-current based on an enterprise value of €2,945 million.

Supply Co Inc, the country’s leading distributor of roofing and siding products. Norandex distribution business in the United States to ABC portfolio of businesses, fully in line with the Group’s strategy. In particular, the Group signed an agreement to sell its Various acquisitions were completed in order to strengthen the Group’s profile in high added-value businesses and growing markets. In addition to the sale of the Packaging Sector, in 2015 Saint-Gobain Group continued to actively manage its

The consolidated income statement for the Packaging Sector was as follows:

2015 (1)

(in € millions)

Net sales

1,998

Cost of sales

(1,605)

General expenses including research

(116)

Share in net income of core business equity-accounted companies

0

Operating income

277

Other business income (2)

812

Other business expense

(16)

BUSINESS INCOME

1,073

Borrowing costs, gross

(17)

Income from cash and cash equivalents

2

Borrowing costs, net

(15)

Other financial income and expense

(8)

NET FINANCIAL EXPENSE

(23)

Share in net income of non-core business equity-accounted companies

0

Income taxes

(121)

NET INCOME FROM DISCONTINUED OPERATIONS

929

GROUP SHARE OF NET INCOME FROM DISCONTINUED OPERATIONS

921

operations Minority interests in net income from discontinued

8

Sector, i.e., October 29, 2015. The 2015 reporting period was closed as of the date of sale of the Packaging (1) Including the €811 million pre-tax gain on disposal of the Packaging Sector in (2) 2015.

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SAINT-GOBAIN - REGISTRATION DOCUMENT 2016

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