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Investor Presentaiton

Market forecast Average annual accessible market (€bn) 13/15 - 19/21 13/15 - 19/21 CAGR CAGR 101 110 122 +3.2% 101 110 122 +3.2% 11 +3.2% 10 +4.6% 10 Middle-East Africa 9 22 22 +5.4% 9 11 +4.1% Urban trains 18 Asia Pacific 16 Regional trains 884 10 9 7 15 +12.1% Mainline trains 34 13 16 31 Americas 30 30 +2.3% Freight trains -0.6% Services 38 32 36 32 38 +3.1% Europe 51 55 46 55 2013-2015 2016-2018 2019-2021 +3.0% 25 Infrastructure 21 23 25 +3.2% Signalling 11 12 14 +2.9% 2013-2015 2016-2018 2019-2021 Significant growth in all geographical regions confirmed by latest market study Source: UNIFE Market Study 2016 ALSTOM - February 2016 - P 27 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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