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Investor Presentaiton

3 Staying a step ahead 1 Boost technical innovation to increase differentiation 2 Invest in competitiveness- oriented technology 3 Optimise customers' total cost of ownership Citadis X05 TRAMWAY INFRASTRUCTURE INTEGRATION Attractis tramway system Coradia maintenance An R&D strategy focused on differentiation and competitiveness Sustain R&D expenses and reach 30% of total orders coming from newly developed products by 2020 ALSTOM - February 2016 - P 39 ALSTOM 2016. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular project. This will depend on the technical and commercial circumstances. It is provided without liability and is subject to change without notice. Reproduction, use or disclosure to third parties, without express written authority, is strictly prohibited. ALSTOM
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