PitchSend

Investor Presentation May 2017

CARREFOUR'S CENTER OF GRAVITY IS SHIFTING TOWARDS MULTIFORMAT BREAKDOWN OF STORES UNDER BANNERS BY FORMAT 14,500 Evolution 11,935 stores 350 2012 vs. 2019e +100% 9,995 stores 305 1 450 +6% stores 164 1,328 3,700 +24% 1,366 3,227 2,986 GROSS SALES BREAKDOWN - (%) 42% 49% >50% 58% 51% <50% 9,000 + 64% 7,075 5,479 2012 2016 2019e ■Convenience Supermarkets Hypermarkets Cash & Carry 2012 2016 2019e ■ Hypermarkets ■ Other formats INVESTOR PRESENTATION May 2017| 10

View entire presentation