2014 Final Year Results

SOLID PERFORMANCE: ALL 2014 TARGETS ACHIEVED

STRONG INCREASE IN NET RESULT GROUP SHARE:€417M, +18.5%

NET INVESTMENTS UP BY +42% ACCELERATING GROWTH IN 2015-2017

2014 OPERATING PERFORMANCE

• Revenue: €14.3bn, organic growth of +1.3%
• EBITDA: €2,644m, organic growth of +2.0%; EBITDA margin up from 17.7% to 18.5%
• Net income Group share: €417m, strong increase of +18.5%
• Free cash flow: €1,093m, up by +12.1%
• Net financial debt (NFD): stable at€7,186m, improved NFD/EBITDA ratio at 2.72x
• ROCE: +85 bps to 7.8%
• Dividend related to 2014 results of€0.65 per share

GROWTH PROSPECTS FOR 2015

• Revenue organic growth?3%
• Positive EBITDA organic growth
• EBIT organic growth?4%
• Dividend related to 2015 results ? €0.65 per share

MEDIUM-TERM PROSPECTS

• Ambition to reach €3bn EBITDA in 2017