2016 FULL-YEAR RESULTS MARCH 1 st , 2017 DISCLAIMER This - - PowerPoint PPT Presentation

2016 FULL-YEAR RESULTS

MARCH 1st, 2017

DISCLAIMER

2016 Full-Year Results March 1st, 2017 2 I

This presentation contains estimates and/or forward-looking statements and information. These statements include financial projections, synergies, estimates and their underlying assumptions, statements regarding plans, expectations and objectives with respect to future operations, products and services, and statements regarding future performance. Such statements do not constitute forecasts regarding SUEZ’s results or any other performance indicator, but rather trends or targets, as the case may be. No guarantee can be given as to the achievement of such forward-looking statements and information. Investors and holders of SUEZ securities are cautioned that forward-looking information and statements are subject to various risks and uncertainties, which are difficult to predict and generally beyond the control of SUEZ, and that such risks and uncertainties may entail results and developments that differ materially from those stated or implied in forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed or identified in the public documents filed with the Autorité des marchés financiers (AMF). Investors and holders of SUEZ securities should consider that the occurrence of some or all of these risks may have a material adverse effect on SUEZ. SUEZ is under no

• bligation and does not undertake to provide updates of these forward-looking statements and information to reflect events

that occur or circumstances that arise after the date of this document. More comprehensive information about SUEZ may be obtained on its website (www.suez.com). This document does not constitute an offer to sell, or a solicitation of an offer to buy SUEZ securities in any jurisdiction.

FY 2016 HIGHLIGHTS: FULL COMMITMENT TO ACHIEVE TARGETS IN A TOUGH ENVIRONMENT

Jean-Louis CHAUSSADE Chief Executive Officer

3 I 2016 Full-Year Results March 1st, 2017

2016 Full-Year Results March 1st, 2017 4 I

Revenue: €15,322m EBIT: €1,282m(1) ND / EBITDA: 3.0x FCF: +€1,005m Main achievements

 Launch of the Transformation plan  New strategic move in China with full control of all our Chinese activities through a single entity  Strengthened positioning in Italy through ACEA

Net Income GS: €420m

 Revenue growth lifted by International division  +1.1% organic growth  +0.5% organic growth  +2.1% organic growth when adjusting for impact from exceptionally high 2015 water volumes of 20m€  +3.1% growth  +4.3% EPS growth  In-line with target  Strong mobilization to improve cash-generation  Net debt: €8,042m  Negative FX and scope effects (+€240m)

2016 KEY HIGHLIGHTS

Full commitment to achieve targets in a tough environment

(1) Includes +€36m provision reversal accounted for in H1 2016

Christophe CROS Chief Financial Officer

5 I 2016 Full-Year Results March 1st, 2017

DISCIPLINE STRONGER THAN HEADWINDS

2016 Full-Year Results March 1st, 2017 6 I

• KEY FIGURES -

In €m FY 2015 FY 2016 Organic growth REVENUE 15,135 15,322 +1.1% EBITDA(1) 2,751 2,651

• 0.1%

EBIT(1) 1,381 1,282 +0.5% NET RESULT Group Share 408 420 FREE CASH FLOW 1,047 1,005 NET INVESTMENTS 1,626 705 NET DEBT 8,083 8,042 ND/EBITDA 2.9x 3.0x

HIGHLIGHTS

Key targets achieved despite a tough environment

EBIT above target

 In spite of FY revenues hampered by activity slowdown in H2 and lower commodity prices  EBIT: +2.1% organic growth excl. exceptional 2015 water volumes for €20m

Discipline and proactivity rewarded

 Compass: 180m€  Asset rotation: 486m€ divestment

Increase in profitability

 Net result group share: +3.1%  EPS: +4.3%

(1) Including impact from Derun: €131 capital gain in 2015 and €36m provision reversal in 2016

FY 2016 REVENUE

1.2% growth driven by International

2016 Full-Year Results March 1st, 2017 7 I

(1) Recycling & Recovery

QUARTERLY REVENUE

Q1 Q2 Q3 Q4 +1,5% +3,9%

• 1,1%

+0,1% Quarterly organic growth

FY 2015 FY 2016 15,135 15,322 +4.7%

• 1.3%

+0.6%

Scope International Others

(3)

Water Europe R&R(1) Europe Forex

+210 +188 (62) (185) +39

Organic growth: +1.1%

In €m

2016 Full-Year Results March 1st, 2017 8 I

(1) Including impact from Derun: +€131 capital gain in 2015 and +€36m provision reversal in 2016 (2) Adjusted for +€131m capital gain in 2015 & +€36m provision reversal in 2016 (3) Including -€8m from the end of the Lille contract

1,381(1) 1,282(1)

Water Volumes(3) Others Forex Electricity Scope

(95) (28) (28) +18 (27) +30 EBIT Margin 8.3%(2) EBIT Margin 8.1%(2)

Derun(2)

FY 2015 FY 2016

In €m

International

+31

Water Europe Recycling & Recovery Europe International

• 3.5%

+2,0% +5,5%

ORGANIC GROWTH BY DIVISION

FY 2016 EBIT

European headwinds offset by international performance

WATER EUROPE

Lack of inflation weighing on escalation formulas

2016 Full-Year Results March 1st, 2017 9 I

(1) At iso contracts (2) Escalation formula on Delegation of public services (3) Net balance between contracts gained / renewed / lost & amended; including -€82m from Lille

In €m 4,677

Scope Forex Volume(1) Tariffs(2) Net Cial. Activity(3)

4,703

Works

+14 FY 2015 FY 2016 +88 (3) +29 (98) +16

New Services Others

(21)

REVENUE

Contrasted key indicators evolution between countries Commercial activity mainly affected by the end of the Lille contract: -€82m Positive scope effect from the consolidation of Nantaise des Eaux (+69m€) Negative impact on tariffs from lower energy prices New services: +14% in revenues

Volumes(1) Prices France

• 2.0%

+0.1% Spain(4) +1.0% +0.3% Chile +0.9% +4.0%

Forex (10) Volumes (20) Lille (8) Others +13

636(5) 611

FY 2015 FY 2016 13.6% 13.0%

EBIT

% EBIT MARGIN

(4) Excluding upstream volumes (5) Adjusted figure following intra-group reclassification

6,357 +16 +38

Prices Commodity Prices

(36)

Construction

+21 6,302 (95)

RECYCLING & RECOVERY EUROPE

Improved performance despite lower commodity prices

2016 Full-Year Results March 1st, 2017 10 I

(1) Adjusted figure following intra-group reclassification

In €m

Scope Forex Volumes

FY 2015 FY 2016

REVENUE

Strong increase in recovered volumes Revenue hampered by commodity prices: negative trend in scrap metal (-10%) and plastic (-8%) Upwards volumes & pricing trends overall, positive impact of the commissioning of 3 new EFW in UK and Poland EBIT impacted by lower electricity prices: -27m€ Improved profitability thanks to cost-cutting efforts and on going rationalization

Mt FY 2016 ∆ 16/15 Elimination 8.2

• 4.0%

Recovery 16.9 +4.3% Energy from Waste 8.5 +4.8% Sorting & Recycling 8.3 +3.8% Processed volumes 25.1 +1.4%

Forex (7) Electricity prices (27) Others +38

306(1) 310

FY 2015 FY 2016

4.8% 4.9%

EBIT

% EBIT MARGIN

Derun (95) Forex (11) Scope +5 Others 31

4,217 3,998 +2 (55) +32

Scope & Forex North America Europe LATAM Asia

+132

AMEI(1)

+29

Australia

+80

INTERNATIONAL

Solid momentum in main regions

2016 Full-Year Results March 1st, 2017 11 I

(1) Africa, Middle East & India (2) At iso contracts (3) Adjusted figure following intra-group reclassification (4) €131 capital gain in 2015 and €36m provision reversal in 2016 (5) Adjusted for +€131m capital gain in 2015 & +€36m provision reversal in 2016

In €m

REVENUE

FY 2015 FY 2016

Volumes evolution

Strong activity in Asia, thanks to new contracts and +17% growth in waste volumes in Hong-Kong Waste volumes up +7.5% in Australia, driven by soils volumes & new contribution

• f Perthwaste

Very dynamic growth in Africa-Middle East-India linked to construction activity

FY 2016 ∆ 16/15 DB backlog - €bn 1.3 +0.5% China – Mm3 sold 208 +3.2%(2) North America - Mm3 sold 291 +0.3% Morocco - Mm3 sold 151 +0.4% China/Australia – Waste treated mt 9.8 +11.2% FY 2016

EBIT

% EBIT MARGIN

566(3) 496

10.9%(5)

FY 2015

10.9%(5)

471

FY 2016

From EBITDA to income from operating activities

2016 Full-Year Results March 1st, 2017 12 I

(1) Including impact from Derun: €131 capital gain in 2015 and €36m provision reversal in 2016 (2) Performance shares & Stock Options (3) Includes -€160m of provision on assets, +€274m of capital gains and -€28m of rebranding costs in 2016 (vs. respectively -€87m, +€11m and -€28m in 2015)

In €m FY 2015 FY 2016 ∆ 16/15 ∆ 16/15 excl. Derun EBITDA

2,751(1) 2,651(1)

• 3.6%
• 0.2%

Amortization

(1,108) (1,111)

Net provisions

16 22

Other (concession charges, ESOP(2))

(279) (280)

EBIT

1,381 1,282

• 7.2%
• 0.3%

Restructuring costs

(71) (76)

Provisions on assets & others (3)

(102) 84

INCOME FROM OPERATING ACTIVITIES

1,208 1,290 +6.8%

+16.4%

FY 2016

Income from operating activities to net result group share

2016 Full-Year Results March 1st, 2017 13 I

In €m FY 2015 FY 2016 ∆ 16/15 INCOME FROM OPERATING ACTIVITIES 1,208 1,290 6.8% Cost of net debt (363) (360) Other financial result (58) (63) Income tax (173) (244) NET RESULT 614 623 1.6% Minority interest

(206)

(203) NET RESULT GROUP SHARE 408 420 3.1%

Cost of net debt(1): 3.67% vs. 4.19% in 2015 Effective tax rate: 35.4% vs. 33.3% in 2015

(1) Excluding securitization cost and inflation-link cost in Chile

In €m

INVESTMENTS

SELECTIVE CAPEX ALLOCATION

2016 Full-Year Results March 1st, 2017 14 I

34% 29% 37%

Water Europe R&R Europe International

(122) 160 104 631 492 645 595

Maintenance CAPEX Development CAPEX Financial Investments Disposals

FY 2015 FY 2016 1,626 705

(486)

Tight control on CAPEX

 8% decrease in development CAPEX  Maintenance CAPEX: 3.9% of revenue, in line with long term trend

Financial investments:

 Acquisition of Perthwaste in Australia (€58m)  Majority stake in Driplex to reach industrial customers in India  Acquisition of an additional stake of 10.85% in ACEA to 23.33% financed through 20 million new shares

Disposals of non-core assets:

 Bristol Water  Ocea Smart Building  Finnish waste activity  Real estate assets

312

Australian minorities buy-out

• c. 300

Acea deal

SOLID FCF, IN-LINE WITH GUIDANCE

€1bn FCF target achieved thanks to strong mobilization to improve cash generation

2016 Full-Year Results March 1st, 2017 15 I

1,005 2,651

(179) (68) (272)

EBITDA FY 2016

Concession charges Other Maint. capex

Free Cash Flow 2016

2,129

Operating Cash Flow

(595)

Change in WCR

(148)

Tax expenses

(314)

Net Financial Expenses Income

• f core

associated

(71)

In €m

Maintaining strong focus on cash generation

NET DEBT

Financial discipline to monitor debt

2016 Full-Year Results March 1st, 2017 16 I

31/12/15 31/12/16

(1,005) +492

8,083

(382) +602 +148 +105

8,042

2.9x

ND/EBITDA

3.0x

ND/EBITDA

Others(2) Free Cash Flow Dividends paid(1) Dvpt. Investments Forex

In €m

(1) Out of which €353m paid to shareholders, €204m to minority interests, €11m of tax and €28m of hybrid coupon (2) Out of which €92m linked to scope effect

Net Fin. Investments 5,19% 5,08% 4,88% 4,45% 4,19% 3,67% 4,36% 4,13% 4,05% 3,49% 3,41% 2,97%

2011 2012 2013 2014 2015 2016

Cost of net debt Cost of gross debt

Significant decrease in cost of gross & net debt with an average duration to 6.4 years A3 Rating, stable outlook by Moody’s

COST OF DEBT

2016 Full-Year Results March 1st, 2017 17 I

(1) Opening capital employed adjusted for scope effects prorata temporis and main FX (2) After allocation of tax credit from French tax group consolidation

In €bn Water non regulated activities Water regulated activities Waste Projects under construction Non consolidated financial investments

2015 2016 5.0 4.4 4.5 0.8 0.2

14.8 15.0

4.9 4.6 4.6 0.8 0.1

TOTAL CAPITAL EMPLOYED(1) ROCE

BY DIVISION(2)

6,0% 6,5% 7,0% 7,5% 8,0% 0,9 1 1,1 1,2

2015 2016Revenue/Capital Employed(1)

NOPAT/Revenue 6.6% 7.0% ROCE in 2016

Slight decrease in margin

1.02 1.01 6.9%

Water Europe Waste Europe International

ROCE (%) Capital employed 6.3% WACC

€4.2bn

10.3%

7.0% ROCE

€6.7bn

7.9%

€4.0bn

6.0%

ROCE

TOWARDS A MORE EFFICIENT FULLY INTEGRATED SERVICES COMPANY

Jean-Louis CHAUSSADE Chief Executive Officer

18 I 2016 Full-Year Results March 1st, 2017

ROSARITO DESALINATION PLANT IN MEXICO

 Design, equip, operate and finance  Secure drinking water supplies in the coastal region

• f Baja California

 Total capacity of 380,000 m3 per day  37-year long O&M contract 2016 Full-Year Results March 1st, 2017 19 I

INNOVATIVE PARTNERSHIP WITH TOTAL IN USED COOKING OIL CHANGZHOU ENERGY FROM HAZARDOUS WASTE PLANT

 50/50 JV with Everbright International  30k tons p.a. capacity of various hazardous waste  Steam production sold to companies within the

development zone

 Meeting both Chinese and European emission standard  10-year innovative partnership  Deploying a sustainable country-wide industry to

recycle used cooking oil to produce biofuels

 Increasing the amount of used oil collected in

France by more than 20%

 Helping Total meet its environmental targets

AT THE FOREFRONT OF OUR EVOLVING MARKETS

Learnings from commercial milestones of 2016

TAKING ADVANTAGE OF MAJOR MARKET TRENDS

In a rapidly changing business environment

2016 Full-Year Results March 1st, 2017 20 I

PROVIDING ADDED-VALUE SERVICES TO HELP CUSTOMERS HANDLE THEIR ENVIRONMENTAL CONSTRAINTS

RAPID CHANGES IN PARADIGM

 Digital  Customer power

EUROPEAN CONTEXT

 Erosion of historical

models

 Lower inflation  Industrial stagnation

SECULAR POSITIVE DRIVERS

 Hydric stress &

climate change

 Greater needs for

resource management

 More stringent

regulation GLOBAL MACRO- ECONOMIC CONTEXT

 Slower global growth  Commodities volatility  Political uncertainty

SPEEDING UP TRANSFORMATION

Involving all the organization

2016 Full-Year Results March 1st, 2017 21 I

COMPETITIVENESS IN QUALITY AND COSTS IN ALL OUR ACTIVITIES

Customer centricity, proximity and intimacy in main geographies Performance of

• ur operations

Agility Organizations, decision making processes Excellence in

• ur offers and

deliveries Innovation with and for

• ur clients

A UNIQUE WORLDWIDE REFERENCE OF RESOURCES MANAGEMENT SERVICES

RESIZING COMMERCIAL CAPABILITIES FOR MORE EFFICIENCY

 Strengthening fully integrated commercial networks

in all geographies

 New models based on resources management  Initiate strategic industrial partnerships to

accompany our customers globally: Total, Dow…

2016 Full-Year Results March 1st, 2017 22 I

MOVING QUICKER THROUGH TRANSFORMATION

Building leadership of tomorrow’s markets

INCREASING CAPITAL ALLOCATION SELECTIVITY IMPULSING DIGITAL TRANSFORMATION PRIORITIZING SELECTED OPPORTUNITIES

Stable CAPEX envelope in 2017 Allocating more CAPEX to US regulated water activities: c. +50% Keeping on increasing CAPEX in International Lower capex for trucks

 Boosting Hazardous waste in China  Seizing market openings in LatAm  Expanding to Italy & Eastern Europe  Launching Smart Agriculture offers  Improving efficiency for both SUEZ and customers

through dematerialization

 Open up new market opportunities: asset performance

management through cloud-based platforms and data, specific apps

 Launch e-commerce initiatives and platforms

2017 OUTLOOK

Jean-Louis CHAUSSADE Chief Executive Officer

23 I 2016 Full-Year Results March 1st, 2017

2016 Full-Year Results March 1st, 2017 24 I

(1) Based on stable industrial production growth in Europe in 2017 and with budget assumption of stable commodity prices (2) Subject to 2018 Annual General Meeting approval

OUTLOOK

2017: A YEAR OF TRANSFORMATION TOWARDS A MORE EFFICIENT FULLY INTEGRATED SERVICES COMPANY

 Slight organic increase in revenue and EBIT(1)  FCF: c.€1bn  Net debt/EBITDA: c.3x  Dividend: ≥ €0.65(2) per share

25 I 2016 Full-Year Results March 1st, 2017

APPENDICES

• SIMPLIFIED FINANCIAL STATEMENTS

27

• REGULATED ACTIVITIES

31

• P&L

33

• CASH FLOW STATEMENT

47

• BALANCE SHEET

53

• ACTIVITY OF DIVISIONS

60

• SUSTAINABLE DEVELOPMENT

68

• STOCK PERFORMANCE

73

TABLE OF CONTENTS

2016 Full-Year Results March 1st, 2017 26 I

APPENDICES SIMPLIFIED FINANCIAL STATEMENTS

2016 Full-Year Results March 1st, 2017 27 I

SIMPLIFIED BALANCE SHEET

2016 Full-Year Results March 1st, 2017 28 I

ASSETS (€m) 31/12/2015 31/12/2016 NON CURRENT ASSETS 19,593 20,198

• /w net intangible assets

4,214 4,223

• /w goodwill

3,480 3,647

• /w net tangible assets

8,275 8,280 CURRENT ASSETS 8,039 8,954

• /w clients and other debtors

3,967 4,041

• /w cash and cash equivalents

2,079 2,925 TOTAL ASSETS 27,632 29,284 LIABILITIES (€m) 31/12/2015 31/12/2016 Equity, group share 5,420 5,496 Minority Interests 1,386 1,870 TOTAL EQUITY 6,805 7,366 Provisions 1,952 2,080 Financial Debt 10,355 11,165 Other Liabilities 8,520 8,673 TOTAL LIABILITIES 27,632 29,284

SIMPLIFIED INCOME STATEMENT

2016 Full-Year Results March 1st, 2017 29 I

In €m FY 2015 FY 2016 REVENUE 15,135 15,322 Depreciation, Amortization & Provisions (1,092) (1,091) INCOME FROM OPERATING ACTIVITIES 1,208 1,290 Financial Result (421) (424) Associates non-core

• Income tax

(173) (244) NET RESULT 613 623 Minority interest (206) (203) NET RESULT GROUP SHARE 408 420

SIMPLIFIED CASH FLOW STATEMENT

2016 Full-Year Results March 1st, 2017 30 I

In €m FY 2015 FY 2016 Operating cash flow 2,159 2,129 Income tax paid (excl. income tax paid on disposals) (154) (148) Change in operating working capital (14) (68) CASH FLOW FROM OPERATING ACTIVITIES 1,992 1,913 Net tangible and intangible investments (1,277) (1,086) Financial investments (142) (195) Disposals 122 488 Other investment flows (54) (39) CASH FLOW FROM INVESTMENT ACTIVITIES (1,350) (833) Dividends paid (571) (602) Balance of reimbursement of debt / new debt 467 572 Interests paid / received on financial activities (324) (318) Capital increase

• 17

Net new hybrid 37 Change in share of interests in controlled entities (328)(1) 90 Other cash flows (92) (32) CASH FLOW FROM FINANCIAL ACTIVITIES (811) (273) Impact of currency, accounting practices and other

• 38

CASH AND CASH EQUIVALENT AT THE BEGINNING OF THE PERIOD 2,249 2,079 Total cash flow for the period (170) 846 CASH AND CASH EQUIVALENT AT THE END OF THE PERIOD 2,079 2,925

(1) Includes -€312m of acquisition of the remaining 40% of Sembsita Pacific

2016 Full-Year Results March 1st, 2017 31 I

APPENDICES REGULATED ACTIVITIES

REGULATED ACTIVITIES

2016 Full-Year Results March 1st, 2017 32 I

Chile

In USDm FY 2015 FY 2016 CA 538 563 EBITDA 253 260 EBIT 185 192 Net Debt 819 868 Capex 185 163 Rate base 1.764 1.853

US

In CLPbn FY 2015 FY 2016 CA 497 515 EBITDA 291 297 EBIT 221 228 Net Debt 601 552 Capex 127 97

APPENDICES P&L

2016 Full-Year Results March 1st, 2017 33 I

REVENUE BY DIVISION

2016 Full-Year Results March 1st, 2017 34 I

In €m FY 2015 FY 2016 % total 16/15 ∆ Organic ∆ WATER EUROPE 4,677 4,703 30.7% +0.5%

• 1.3%

Water France, Italy and Central Europe 2,260 2,216 14.5%

• 2.0%
• 5.0%(1)

Water Spain and Chile 2,417 2,487 16.2% +2.9% +2.1% RECYCLING & RECOVERY EUROPE 6,357 6,302 41.1%

• 0.9%

+0.6% France 3,341 3,319 21.7%

• 0.7%
• 1.7%

UK/Scandinavia 1,375 1,314 8.6%

• 4.4%

+4.6% Benelux/Germany 1,447 1,470 9.6% +1.6% +1.7% Central Europe 194 198 1.3% +1.9% +4.6% INTERNATIONAL 3,998 4,217 27.5% +5.5% +4.7% Europe-Latam 662 589 3.8%

• 11.0%
• 8.4%

North America 959 962 6.3% +0.4% +0.2% Asia 392 472 3.1% +20.4% +20.5% Australia 976 1,021 6.7% +4.6% +2.9% Africa, Middle East & India 1,009 1,173 7.7% +16.2% +13.1% OTHER(2) 103 100 0.7%

• 2.9%
• 2.9%

TOTAL 15,135 15,322 100.0% +1.2% +1.1%

(1) Including -€82m from the end of the Lille contract (2) Mainly SUEZ Consulting

REVENUE BY GEOGRAPHIES

2016 Full-Year Results March 1st, 2017 35 I

In €m FY 2015 FY 2016 % in FY 2016 ∆ 16/15 FRANCE 5,119 5,023 32.8%

• 1.9%

Spain 1,769 1,753 11.4%

• 0.9%

UK 1,133 1,071 7.0%

• 5.4%

Others Europe 2,449 2,488 16.2% +1.6% EUROPE (excluding France) 5,351 5,312 34.7%

• 0.7%

North America 1,138 1,210 7.9% +6.3% South America 892 896 5.8% +0.4% Oceania 1,004 1,083 7.1% +7.9% Asia 497 615 4.0% +23.6% Others International 1,133 1,182 7.7% +4.3% INTERNATIONAL (excluding Europe) 4,665 4,986 32.5% +6.9% TOTAL 15,135 15,322 100.0% +1.2%

REVENUE SCOPE EFFECT BY DIVISION

2016 Full-Year Results March 1st, 2017 36 I

In €m Acquisition/ first time consolidation Disposal Total Scope WATER EUROPE 121 (7) 113 R&R EUROPE 49 (13) 37 INTERNATIONAL 82 (22) 60 OTHER

• TOTAL

252 (42) 210

REVENUE GROWTH BY DIVISION

2016 Full-Year Results March 1st, 2017 37 I

In €m FY 2015 FY 2016 16/15 ∆ ∆ Organic ∆ Scope ∆ Forex WATER EUROPE 4,677 4,703 +0.5%

• 1.3%(1)

+2.4%

• 0.5%

R&R EUROPE 6,357 6,302

• 0.9%

+0.6% +0.6%

• 2.1%

INTERNATIONAL 3,998 4,217 +5.5% +4.7% +1.5%

• 0.7%

OTHER 103 100

• 2.9%
• 2.9%

+0.0% +0.0% TOTAL 15,135 15,322 +1.2% +1.1% +1.4%

• 1.2%

(1) Including -€82m from the end of the Lille contract

EBITDA BY DIVISION

2016 Full-Year Results March 1st, 2017 38 I

(1) Adjusted figures following intra-group reclassification (2) Including +€131m of Chongqing Water Group available-for-sale securities revaluation in 2015 and +€36m of provision reversal link to this operation in 2016

In €m FY 2015(1) FY 2016 16/15 ∆ ∆ Organic ∆ Scope ∆ Forex WATER EUROPE 1,320 1,277

• 3.2%
• 3.4%

+1.3%

• 1.1%

R&R EUROPE 767 748

• 2.4%
• 2.0%

+1.2%

• 1.6%

INTERNATIONAL 772(2) 745(2)

• 3.5%

+9.0%

• 11.0%
• 1.5%

OTHER (107) (120) +11.4% +11.4%

• 0.0%

+0.0% TOTAL 2,751(2) 2,651(2)

• 3.6%
• 0.1%
• 2.1%
• 1.4%

EBIT BY DIVISION

2016 Full-Year Results March 1st, 2017 39 I

In €m FY 2015(1) FY 2016 16/15 ∆ ∆ Organic ∆ Scope ∆ Forex WATER EUROPE 636 611

• 3.9%
• 3.5%

+1.1%

• 1.5%

R&R EUROPE 306 310 +1.5% +2.0% +1.7%

• 2.3%

INTERNATIONAL 566(2) 496(2)

• 12.4%

+5.5%

• 15.8%
• 2.0%

OTHER (127) (136) +6.8% +6.8%

• 0.0%

+0.0% TOTAL 1,381(2) 1,282(2)

• 7.2%

+0.5%

• 5.6%
• 2.0%

(1) Adjusted figures following intra-group reclassification (2) Including +€131m of Chongqing Water Group available-for-sale securities revaluation in 2015 and +€36m of provision reversal link to this operation in 2016

INCOME FROM ASSOCIATES

2016 Full-Year Results March 1st, 2017 40 I

In €m FY 2015 FY 2016 16/15 ∆ WATER EUROPE(1) 59 59 +0.2% R&R EUROPE 10 14 +40.9% INTERNATIONAL 197(2) 106(2)

• 46.4%

OTHER

• TOTAL

266(2) 179(2)

• 32.8%

(1) Mainly ACEA (2) Including +€131m of Chongqing Water Group available-for-sale securities revaluation in 2015 and +€36m of provision reversal link to this operation in 2016

60 70 74 100 90 76

2016 Full-Year Results March 1st, 2017 41 I

ONGOING STRONG DISCIPLINE ON COST SAVINGS

Raised COMPASS target of €180m achieved

42% 49% 9%

Procurement savings Operational savings G&A savings

2% 31% 40% 27%

Other Water Europe R&R Europe International

2014 160 160 H2 H1 2015

FY 2016 BREAKDOWN

BY NATURE

FY 2016 BREAKDOWN

BY DIVISION

In €m

2016 180 30

IMPACT OF CURRENCIES EVOLUTION

2016 Full-Year Results March 1st, 2017 42 I

1 EUR = USD GBP AUD CLP FY 2016 average rate 1.11 0.82 1.49 748 FY 2015 average rate 1.11 0.73 1.48 726 Closing rate at 31/12/2016 1.05 0.86 1.46 704 Closing rate at 31/12/2015 1.09 0.73 1.49 769

€m FY 2016 Forex impact Of which an impact in €m from: USD GBP AUD CLP Revenue 15,322

• 183

+3

• 127
• 7
• 27

EBITDA 2,651

• 38

+1

• 12
• 1
• 14

EBIT 1,282

• 28

+1

• 7
• 1
• 10

Net Financial Debt 8,042 148(1) +17

• 71
• 1

+160

(1) Including €16m of NIH and €13m of MtM

FY 2016: FROM EBITDA TO EBIT BY DIVISION

2016 Full-Year Results March 1st, 2017 43 I

FY 2015 (in €m) Water Europe R&R Europe Inter- national Other TOTAL FY 2015 EBITDA(2) 1,320 767 772 (107) 2,751 Amortization (454) (444) (198) (12) (1 108) Net provisions & depreciation (39) 37 19 (2) 16 Net concession renewal expenses (191) (53) (28)

• (272)

Employees compensation plans in shares(1)

• (7)

(7) EBIT(2) 636 306 566 (127) 1,381 FY 2016 (in €m) Water Europe R&R Europe Inter- national Other TOTAL FY 2016 EBITDA 1,277 748 745 (120) 2,651 Amortization (458) (435) (204) (14) (1,111) Net provisions & depreciation (38) 72 (18) 6 22 Net concession renewal expenses (170) (75) (27)

• (272)

Employees compensation plans in shares(1)

• (9)

(9) EBIT 611 310 496 (136) 1,282

(1) Free shares, ESOP relative to ENGIE and SUEZ programs (2) Adjusted figure following intra-group reclassification

MINORITY INTEREST – P&L

2016 Full-Year Results March 1st, 2017 44 I

In €m FY 2015 FY 2016 WATER EUROPE 148 163

Of which AGBAR 142 156

R&R EUROPE 17 19 INTERNATIONAL 41 21 OTHER

• TOTAL

206 203

TAX POSITION

2016 Full-Year Results March 1st, 2017 45 I

In €m FY 2015 FY 2016 Income before tax & share in net income from Associates 520 687 Income Tax

• /w Current income tax
• /w Deferred income tax

(173) (176) 3 (244) (200) (44) EFFECTIVE TAX RATE 33.3% 35.4%

EARNING PER SHARE

2016 Full-Year Results March 1st, 2017 46 I

In €m 31/12/2015 31/12/2016 Net Result Group Share 408 420

+ coupon attributable to holders of undated deeply subordinated notes issued in September 2010 (6)

• + coupon attributable to holders of undated deeply

subordinated notes issued in June 2014 (15) (15) + coupon attributable to holders of undated deeply subordinated notes issued in June 2015

• (13)

+ premium on partial reimbursment of undated deeply subordinated notes issued in September 2010 (13)

• Adjusted Net Result Group Share

374 393 In Millions Weighted average number of outstanding shares 539.0 547.3(1) Earnings per share (in euros) Net income Group share per share 0.69 0.72 Net diluted income Group share per share 0.68 0.70 Total number of shares at year end 542,643,468 564,401,246(1)

• f which treasury shares

1,959,749 1,914,796

(1) Including +20m of new shares resulting from the capital increase reserved to ACEA in September 2016

APPENDICES Cash Flow Statement

2016 Full-Year Results March 1st, 2017 47 I

FROM EBITDA TO OPERATING CASH FLOW

2016 Full-Year Results March 1st, 2017 48 I

In €m FY 2015 FY 2016 16/15 ∆ EBITDA 2,751 2,651

• 3.6%

Net disbursements under concession contracts (272) (272)

• 0.0%

Depreciation of current assets (12) (43)

• Restructuring

(53) (77) +45.7% Rebranding cost (28) (28) +2.1% Dividends from associates 102 92

• 9.8%

Provision for employee benefit & others (65) (15)

• 76.8%

Income of core associates (266) (179)

• 32.8%

OPERATING CASH FLOW 2,159 2,129

• 1.4%

CASH FLOW GENERATION

2016 Full-Year Results March 1st, 2017 49 I

In €m Water Europe R&R Europe Inter- national Other FY 2016 Operating Cash Flow

963 542 559 66 2,129

Net interest paid on investment & financial activities

(82) (66) (195) 28 (314)

Income tax

(104) (63) (42) 62 (148)

Change in Working Capital

(135) (43) (54) 163 (68)

Maintenance Capex

(196) (250) (131) (18) (595)

FREE CASH FLOW

447 120 137 301 1,005

Development Investments

(246) (104) (141) (492)

Financial Investments

(40) (10) (54) (1) (104)

Assets disposals

246 157 69 14 486

Dividends to minorities

(161) (31) (17) (2) (211)

TOTAL

246 131 (6) 312 684

Dividends to shareholders

(392)(1)

Net new hybrid issuance

• ∆ in definition, perimeter and FX / MtM
• n net financial debt & other

(334)

CHANGE IN NET FINANCIAL DEBT

(42)

(1) Out of which €353m paid to shareholders, €11m of tax and €28m of hybrid coupon

INVESTMENTS BY NATURE AND DIVISION

2016 Full-Year Results March 1st, 2017 50 I

FY 2016 (in €m) Maintenance capex Development capex Financial investments Disposal Total Net investments Water Europe (196) (246) (40) 246 (236) R&R Europe (250) (104) (10) 157 (207) International (131) (141) (54) 69 (257) Other (18) (0) (1) 14 (5) TOTAL FY 2016 (595) (492) (104) 486 (705) FY 2015 (in €m) Maintenance capex Development capex Financial investments Disposal Total Net investments Water Europe (231) (301) (42) 52 (522) R&R Europe (253) (140) (57) 46 (405) International (144) (190) (368) 20 (682) Other (17) (4) 5 (16) TOTAL FY 2015 (645) (631) (472) 122 (1,626)

STRINGENT INVESTMENT PROCESS & CRITERIA

2016 Full-Year Results March 1st, 2017 51 I

Operations committee Includes CEO,CFO, the relevant senior executive VP and the relevant business unit CEO Strict financial investment criteria

• IRR > specific hurdle rate +200bp
• Net Result: accretion in year 2 of operation
• Positive FCF in year 1 of operation

Investment thresholds

• Acquisitions and divestments ≥ €10m (firm value)
• Total capex ≥ €20m
• Total cumulated revenues ≥ €100m (≥ €50m for DB contracts)

PLANNING OF MAJOR DEVELOPMENT CAPEX

2016 Full-Year Results March 1st, 2017 52 I

Major projects Estimated Amount On/off BS Expected take-over

Clermont-Ferrand (Fr.) €210m OFF

• Jan. 2014

 South Tyne & Wear (UK) €225m OFF Q2 2014  Suffolk (UK) €230m ON Q4 2014  As Samra (Jordan) €135m OFF Q3 2015  Poznan (Poland) €180m OFF Q4 2016  West London (UK) €270m OFF Q4 2016  Merseyside (UK) €290m OFF Q4 2016  Cornwall (UK) €200m OFF H1 2017 Surrey (UK) €110m ON Q4 2017

APPENDICES Balance sheet

2016 Full-Year Results March 1st, 2017 53 I

SUEZ BONDS

2016 Full-Year Results March 1st, 2017 54 I

Pricing date Code ISIN Maturity date Duration Amount Issue Spread Coupon Rate 16-June-14 FR0011993500 PERPETUAL €500m 225 3.000% 23-Mar-15 FR0012648590 PERPETUAL €500m 217 2.500% Pricing date Code ISIN Maturity date Duration Amount Issue Spread Coupon Rate 31-March-09 FR0010745976 08-Apr-19 10 years €800m 300 6.250% 19-May-09 FR0010765859 08-Jun-27 8 years €250m 180 1.904% 08-Jul-09 FR0010780528 22-Jul-24 15 years €500m 160 5.500% 09-Oct-09 FR0010785436 12-Oct-17 8 years €150m 108 4.500% 15-Jun-10 FR0010913780 24-Jun-22 12 years €750m 160 4.125% 12-May-11 FR0011048966 17-May-21 10 years €750m 86 4.078% 22-Nov-11 FR0011149962 22-Nov-18 7 years €100m 90 3.080% 02-Dec-11 FR0011158849 02-Dec-30 19 years £250m 260 5.375% 19-Mar-13 FR0011454818 25-March-33 20 years €100m 110 3.300% 01-Oct-13 FR0011585215 09-Oct-23 10 years €500m 77 2.750% 24-Feb-14 FR0011766120 27-Feb-20 6 years €350m 0.000% 19-June-15 FR0012817526 26-Jan-17 19 months €200m 20 Euribor 3m + 20bps 25-June-15 FR0012829406 01-July-30 15 years €50m 75 2.250% 03-Sept-2015 FR0012949923 10-Sept-25 10 years €500m 80 1.750% 19-May-2016 FR0013173432 19-May-28 12 years €500m 87 1.250%

FINANCIAL DEBT AND LIQUIDITY POSITION

2016 Full-Year Results March 1st, 2017 55 I

3,479

2016 Undrawn credit lines(1) Cash(2)

761 590 1 061 576 1 876 856 651 592 650 145 2 387

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 > 2026

2,138 1,341

Liquidity position Gross debt(3) maturity profile In €m

(1) Excluding €764m of treasury bills (2) Cash net of current cash accounts (3) Gross debt net of bank overdraft and commercial paper

FINANCIAL DEBT

2016 Full-Year Results March 1st, 2017 56 I

53% 21% 15% 1% 4%6% 15% 72% 2% 7% 4%

Banks Bonds Leasing Other Commercial paper EUR USD Others GBP CLP 76% 76% 13% 11% 11% 13% FY 2015 FY 2016 6,9 6,9 6,4 in years FY 2014 FY 2015

Gross debt by type

FY 2016 HKD

Net debt by currency Net debt by rate type

Inflation linked Floating Fixed

Net debt by average maturity

ASSETS & LIABILITIES OVERVIEW

2016 Full-Year Results March 1st, 2017 57 I

Minorities: €1,870m 706 1,164 Other Subsidiary Within AGBAR 138 1,897 740 Non-consolidated financial assets Financial Receivables(1) Associates 110 801 567 711 Other provisions Renewals(3) Pension liabilities Landfills

(1) Including €419m on concessions (IFRIC12) (2) Including €110m of net renewals (accounted for in other debt) (3) These net provisions represent the gap between the expenses and the commitments on a linear basis of our concession contracts

Provisions(2): €2,190m Non current financial assets: €2,775m

CAPITAL EMPLOYED

2016 Full-Year Results March 1st, 2017 58 I

In €m 31/12/2015 31/12/2016 Net goodwill 3,480 3,647 Tangible and intangible assets, net 12,489 12,503 Net financial assets 183 143 Investment in associates 1,349 1,900 Provisions (1,659) (1,656) Others (833) (850) CAPITAL EMPLOYED 15,008 15,687 In €m 31/12/2015 31/12/2016 WATER EUROPE 6,598 6,914 R&R EUROPE 4,042 3,708 INTERNATIONAL 4,229 4,999 OTHERS 139 65 CAPITAL EMPLOYED 15,008 15,687

NOPAT, CAPITAL EMPLOYED AND ROCE

2016 Full-Year Results March 1st, 2017 59 I

(1) Opening capital employed, adjusted for perimeter effects prorata temporis and significant Forex effects

In €m FY 2015 FY 2016 EBIT 1,381 1,282 Dividends 10 8 Interest and income from receivables and current assets 13 6 Other financial income and expenses (69) (67) Income tax expense (167) (178) NOPAT 1,168 1,051 Net goodwill 3,262 3,480 Tangible and intangible assets, net 12,285 12,489 Net financial assets 164 183 Investment in associates 1,169 1,349 Provisions (1,698) (1,539) Impact of exchange rate fluctuations and material changes in scope 560 72 Others (886) (953) CAPITAL EMPLOYED(1) 14,856 15,080 RETURN ON CAPITAL EMPLOYED (ROCE) 7.9% 7.0%

APPENDICES Activity of divisions

2016 Full-Year Results March 1st, 2017 60 I

33% 6% 5% 5% 4% 7% 6% 5% 7% 11% 11%

BALANCED REVENUE BREAKDOWN

2016 Full-Year Results March 1st, 2017 61 I

Breakdown by geography 51% water - 49% waste

33% Rest of the World

Other Europe Chile

34% Rest of Europe

Morocco

33% France

RoW Australia USA Asia UK Spain Germany and Benelux

21% 8% 8% 12% 4% 7% 3% 8% 28%

Services Elimination EfW & other recovery Design & Build Sorting & Recycling Regulated New Services Equipment & Services Concessions & O&M

Water Waste

WATER EUROPE

Main FY 2016 contracts (new and renewed)

2016 Full-Year Results March 1st, 2017 62 I

France

• Valenciennes, water production: €256m, 16y
• Poissy water production and distribution: €25m, 10y
• Issoire, water: €79m, 12y
• EDF Dalkia: €5m, 3y
• Laon, water production and distribution: €44m, 12y
• Asnieres-sur-Seine and Villeneuve-la-Garenne 3 marinas:

€32m, 30y

• Sète, drinking water contract: €20m, 10y
• Béziers, water and wastewater contract: €150m, 10y
• Cayenne, drinking water contract: €200m, 12y
• ACEA stakeholding increase to 23.3%
• Napoli, DBO wastewater treatment plant: €125m, 5y
• Cuma, DBO wastewater treatment plant: €79m, 5y

Italy

• Benidorm water & sewerage: €180m,10y
• Madrid, 4 wastewater treatment contracts: €52m
• Barcelona, O&M of fountains: €5m, 4y

Spain Chili

• Aguas Manquehue, DB drinking water plant: €19m

Advanced solutions

• Portugal (Coimbra), Smart Metering: €2m, 2y
• France (Bobigny), Smart Metering: €1m, 10y
• Spain (Cordoba), Smart Metering: €4m
• France (Paris), Smart Metering & Data management.

€3m, 2y

WATER EUROPE

Water tarif in Europe

2016 Full-Year Results March 1st, 2017 63 I

GLOBAL AVERAGE PRICE

1st January 2015, at constant forex, €/m3

6,67 5,16 4,57 4,51 4,26 4,19 3,52 3,77 2,51 1,35

Average 4.05

Source: NUS Consulting

RECYCLING & RECOVERY EUROPE

Main FY 2016 contracts (new and renewed)

2016 Full-Year Results March 1st, 2017 64 I

France

• Dijon, waste collection: €52m, 5y
• Orleans, waste collection: €18m, 7y
• Grand Paris Express, waste collection and recovery: 5y
• Tours, waste treatment: €76m, 4y
• Métropole de Strasbourg, waste treatment and

incineration: €32m, 3y

• La Rochelle, DBO sorting site: €17m, 5y
• Egletons, waste to energy: €64m 15y
• Sarrebourg, waste collection: €9m, 7y
• Germany (Rastatt), municipal waste: €11m, 7y
• Belgium (Limburg), municipal collection: €6m, 2 y
• Belgium (Knokke), municipal waste management: €16m,

10y Benelux and Germany Industrial Clients

• ARKEMA: management and recovery of waste of 28

industrial plants in France: €42m, 4y

• RENAULT: waste management of plants in Tangiers in

Morocco, 3y and delegated management in France: €48m, 5y

• SAFRAN: waste management of 23 plants: €10m, 3y
• TOTAL: used cooking oil recycling in France, 10y;

environmental management of Lacq platform, 7y; soil depollution and treatment

• DOW: hazardous waste plant acquisition in Germany
• INEOS Belgium, liquid waste: €14m, 3y
• ADISSEO chemicals treatment: €41m, 8y
• Peugeot PSA, waste management: €56m, 4y
• EDEKA: €90m, 1y
• Prodeval – biogas recovery (22% stake acquisition)
• Terracycle – innovative collection and recycling programs

(30% stake acquisition)

• Rubicon – connected and digital solutions (acquisition of

minority stake) Innovation UK & Nordic

• UK (Devon), recycling center and transfer stations:

€30m, 5y

• Sweden (Tyresö), household waste collection: €18m, 9y

Central Europe

• Poland (Warsaw), waste collection and treatment:

€16m, 2y

• Poland (Wrocław), municipal solid waste collection:

€8m, 4y

(1) SRF – solid recovery fuel

RECYCLING & RECOVERY EUROPE

Municipal waste treatment mix in europe

2016 Full-Year Results March 1st, 2017 65 I

ANNUAL WASTE VOLUMES PER CAPITA & SPLIT OF TREATMENT MODE

Source: Eurostat - 2014 data

28% 1% 1% 1% 1% 2% 4% 17% 18% 26% 28% 34% 42% 49% 53% 55% 56% 59% 81% 27% 50% 44% 54% 35% 48% 38% 50% 35% 35% 27% 21% 18% 21% 15% 12% 18% 10% 0% 28% 33% 34% 27% 47% 24% 26% 18% 28% 22% 28% 28% 34% 16% 21% 16% 23% 25% 16% 16% 16% 21% 17% 17% 27% 32% 15% 19% 17% 17% 18% 6% 14% 11% 17% 3% 6% 4%

Composting Recycled Incineration Landfill

800 850 900 950 1 000 1 050 1 100 1 150 1 200 60 70 80 90 100 110 120 130 140 0,80 0,90 1,00 1,10 1,20

100 120 140 160 180 200 220 240 260

RECYCLING & RECOVERY EUROPE

Commodity prices evolution

2016 Full-Year Results March 1st, 2017 66 I

1.07 0.96 90 103

€/ton €/liter

GASOIL (monthly average of the price at the pump)

1,080 951

€/ton

PET (virgin material)

• Average 2014 - Average 2015 - Average 2016

1.05 (paper, recycled material) BDSV Sorte 1 (ferrous metal, recycled)

€/ton

219 172 155 182 114 114 871 900 0.92 1.0

INTERNATIONAL

Main FY 2016 contracts (new and renewed)

2016 Full-Year Results March 1st, 2017 67 I

North America Asia Africa-Middle East-India Oceania

• Sri Lanka (Colombo), DB water production plant &

consulting: €171m

• India (Calcutta) water distribution: €30m, 6y
• India (Mumbai), DBO water treatment:€42m, 8y
• Algiers, management contract: €34m, 2y
• Australia (Sydney), water production: €670m, 14y
• Australia (Perth), acquisition of Perthwaste for €58m
• Industrial contract, Jemena gas processing equipment

contract, Parmalat

• Mexico (Rosarito): DBO desalination plant
• Mexico (Chapultepec, Mexico City) wastewater treatment

plant DBO + groundwater recharge: €10m

• Panama (Ciudad David) wastewater network: €70m, 5y
• Perou (Olmos), irrigation project: €120m, 20y
• Poland (Mlawa), DBO wastewater treatment: €77m, 33y
• Switzerland (Lausanne) DB: €40m
• France (Achères), DB biogaz: €154m
• France (Valenton), O&M wastewater: €26m, 10 months
• Industrial contracts: Sanofi/Genzyme; Cargill
• China (Jiaxing), O&M industrial wastewater treatment:

€7m, 6y

• China (Dalian), Petrochemical wastewater, €10m
• China, BASF, hazardous waste: €19m, 6y
• Indonesia, Michelin, EP industrial, €2m
• China (Foshan), hazardous waste
• China, Solvay waste treatment
• Hong Kong (San Wai), wastewater treatment: €99m,

15y Europe LatAm

• USA (Rahway): O&M wastewater: €91m, 20y
• USA (Newport): O&M wastewater: €109m, 20y
• USA (Putnam): O&M wastewater: €27m, 10y
• USA (New Jersey) regulated activity: €10m p.a.
• USA (Delaware) regulated activity: €3m p.a.
• Industrial contracts: KNPC, Intel, Shell
• Canada (British Columbia) Victoria district: €12m

Date of new rates % of growth New Jersey May 2016 c.5% Delaware Dec 2016 c.14%

APPENDICES Sustainable development

2016 Full-Year Results March 1st, 2017 68 I

SUSTAINABLE DEVELOPMENT

Roadmap 2012-2016: 2016 results

2016 Full-Year Results March 1st, 2017 69 I

2016 Results 2016 Target 2016 vs.2015

Priority #1: Innovate to propose new services and improve the environmental performance of our clients  Better manage the whole water cycle Save the equivalent of the consumption of 2,000,000 inhabitants within four years 1,681,000 2,000,000 ↗ Equip more than 20% of our clients with smart meters 21% 20% ↗ Increase the reuse of treated wastewater (Mm3) 882 ↗ ↗  Engage in the circular economy Optimize waste management (tons recovered / tons eliminated)(1) 2.0t/1t 2 ↗ Increase the amount of Refused-Derived Fuels (RDF) (tons) (1) 2,090,000 ↗ ↗  Improve our environmental footprint Better manage GHG emissions (tons CO2 avoided / tons CO2 emitted)(1) 1.9 2 ↗ Increase energy generation by 15 % (GWh)(1) +19% +15% ↗ Priority #2 : Engage our employees Achieve 18 hours/year of training and personal development per employee 17.0 18



Reduce the frequency rate of workplace accidents 12.7/5 15/5

Positive

Increase the proportion of women in management to 30 % 28.1 % 30



Priority #3 : Share our knowledge and promote access to essential services Allocate €4m/year through the SE Initiative found to promote access to essential services in developing countries and social integration. €4m €4m = Co-construct the solutions with our clients

3 panels to discuss the results of the worldwide materiality analysis (1) Scope: R&R Europe

SUSTAINABLE DEVELOPMENT

Roadmap 2012-2016: Assessment

2016 Full-Year Results March 1st, 2017 70 I

Results Roadmap Target

Equip our clients with smart meters 21% 20% Improve customer satisfaction and trust 87% 80% Optimize waste management : ratio tons of waste recovered / tons of waste disposed 2.0 2 Train professionals and managers from water and sanitation in developing countries 149 100

The new 2017-2021 road map will be announced at the time of the next Annual Shareholder’s Meeting the 10th of May, 2017.

The 2012-2016 road map has come to an end and the environmental and social objectives that SUEZ has set have been mostly met or even exceeded :

LEADER IN SUSTAINABLE DEVELOPMENT

Member of flagship ESG indexes

2010 2011 2012 2013 2014 2015 2016

71 I 2016 Full-Year Results March 1st, 2017

ESR Rating Agency Market Index SE score or rating

2010 2011 2012 2013 2014 2015 2016

71 77 84 80(1) 80 79 82 B

« prime »

B

« prime »

56 59 58 99 90 85 74 84 84 88 95 99 A(2) 82.2 83

72 I

SUSTAINABLE DEVELOPMENT

Ratings: Improved results

All scores on 100 unless otherwise indicated (1) Lower grade due to a change in methodology (2) Change in methodology. A = maximum score

2016 Full-Year Results March 1st, 2017

APPENDICES Stock performance

2016 Full-Year Results March 1st, 2017 73 I

SHARE PRICE PERFORMANCE(1)

Stock performance and TSR since IPO

2016 Full-Year Results March 1st, 2017 74 I

Stock performance since January 2016 Total Shareholder Return since IPO (22/07/2008) SUEZ

• 16.0%

+36.5% CAC 40 +5.6% +43.8% EuroStoxx Utilities

• 9.0%
• 32.0%

(1) As of February 22nd, 2017

22 42 62 82 102 122 142

Share performance since July 22, 2008 (base 100 on 22-07-2008, SEV at €14)

SEV CAC40 Eurostoxx Utilities

+13%

• 53%

+4%

Sophie Lombard E-mail: sophie.lombard@suez.com Julien Desmaretz E-mail: julien.desmaretz@suez.com Polina Sipyagina E-mail: polina.sipyagina@suez.com Guilaine Curval E-mail: guilaine.curval@suez.com E-mail: com-fi@suez-env.com Tel: + 33 (0)1 58 81 24 05 SUEZ Tour CB21 – 16, place de l'Iris 92040 Paris La Défense Cedex

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