55SUEZ

During the 2017 financial year, SUEZ generated revenues of 15,871 million, a gross increase of 549 million on 2016 and an organic increase of +1.5% ( 233 million). Organic revenue growth was driven by the Recycling and Recovery Europe division (+3.1%) and, to a lesser extent, Water Europe (+1.0%) and International (+0.9%). This is supplemented by changes in the scope of consolidation of +2.6%, associated primarily with the first consolidation of GE Water during the fourth quarter of 2017, and by currency fluctuations (-0.5%).

EBIT reached 1,284 million, stable year on year (+0.2% and + 2 million) and rising by +0.6% at constant exchange rates. Affected in the fourth quarter by 45 million of specific expenditure associated firstly with the decision to end two service contracts in the Africa/Middle East/India zone due to operational difficulties and secondly with the political instability in Spain, EBIT showed an organic fall of 2%. There were significant differences between the divisions, including a gradual improvement in Recycling and Recovery Europe and the continuing impact of low inflation on Water Europe performance.

Given exceptional expenditure of 44 million due to the acquisition of GE Water and the 73 million voluntary redundancy package in France, the net income, Group share, was 302 million in 2017, compared with 420 million in 2016.

Net investment amounted to 3,646 million, including 2,699 million due to the acquisition of GE Water. The Group maintained strict discipline on industrial investment in line with its strategic priorities, amounting to 1,177 million. It also disposed of assets worth 357 million. Net debt stands at 8,473 million as of 31 December 2017, a rise of 431 million compared to last year. This change includes the effect of acquiring GE Water for + 687 million.

2017: a strategic acquisition, results in line with expectations but operating profitability affected by specific expenditure at year-end.

9% of capital held by SRI funds

Breakdown of Group revenue by Division

On 31 December 2017

WATER EUROPE 29.5%

WT&Sa 6.1%

OTHERb

0.7%

INTERNATIONAL 24.9%

EUROPE RECYCLING AND RECOVERY 38.8%

a. WT&S, the new industrial water division, brings together GE Water (consolidated in Q4 2017 and considered as a change in the scope of consolidation) and SUEZ Industrial Solutions (contribution over 12 months). The organic growth only concerns the assets of SUEZ Industrial Solutions. b. Mainly SUEZ Consulting.

OF FINANCIAL INVESTORS FOR THE BENEFIT

A PERFORMANCE THAT CONTRIBUTES IN THE PUBLIC INTEREST