PitchSend

Investor Presentation May 2017

CREDIT RATING AND DEBT MATURITY MAINTAINED DEBT REDEMPTION SCHEDULE - (in %) 5.25% 4.00% 3.88% 2.44% 1.75% 1.75% 1.25% 0.75% 1,250 1,000 1,000 1,000 1,000 750 750 279 2017 2018 2019 2020 2021 2022 2016 issuance Average annual coupon 2024 2025 On April 26, 2016, issua issuance of a €750m bond with a maturity of 8 years and a 0.75% coupon In 2016, €667m of bonds reached maturity At end 2016, the debt maturity was 4.1 years Credit rating maintainted: BBB+ INVESTOR PRESENTATION May 207 | 49

View entire presentation