2016 Annual results

2016 TARGETS MET
2017: ACCELERATION OF THE TRANSFORMATION
EXPECTED INCREASE IN OPERATING RESULTS

2016 performance:

• Revenue: €15,322m, for organic growth of +1.1%
• EBIT: €1,282m, for organic growth of +0.5% (+2.1% excluding exceptional water volumes in 2015)
• Net income Group share: €420m, up +3.1%
• Free cash flow: €1,005m
• Net financial debt / EBITDA: 3.0x
• 2016 dividend of €0.65 per share

2017 outlook:

• Slight organic growth in revenue and EBIT
• Free cash flow: around €1 billion
• Net financial debt / EBITDA: c. 3.0x
• 2017 dividend ≥ €0.65 per share