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Air Liquide at a glance

Invest in the leader in its industry

The world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 80 countries with approximately 65,000 employees and serves more than 3 million customers and patients. Air Liquide’s revenue amounted to €18.1 billion in 2016 and its solutions that protect life and the environment represented more than 40% of sales.

Creating value over the long term

Air Liquide’s ambition is to lead its industry, deliver long term performance and contribute to sustainability. The company’s customer-centric transformation strategy aims at profitable growth over the long term. It relies on operational excellence, selective investments, open innovation and a network organization implemented by the Group worldwide. Through the commitment and inventiveness of its people, Air Liquide leverages energy and environment transition, changes in healthcare and digitization, and delivers greater value to all its stakeholders.

Delivering profitable growth over the long term

In 2016, net profit (Group share amounted to €1,844 million euros, the net earnings per share was 5,11 euros, resulting in a 56% pay-out ratio.

Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and is a member of the CAC 40, EURO STOXX 50 and FTSE4Good indexes.

2016 investors presentation

Key figures

Group

Creation 1902
Coutries 80
Customers Over 2 million
Patients 1.4 million
Employees (as of August 2017) 65,000

Innovation

Innovation expenses €288 million
Innovation patents filed 296

Finance (including 7 months of consolidation of Airgas)

Revenues €18,1 billion
Operating income recurring €3,024 million
Net profit €1,8 billion
Cash flow from operations €3,7 billion
Debt-to-equity ratio 89.6%
Developing economies 27% of Gas & Services revenue
Operational margin (Gas & Services) 18.7%
Adjusted earnings per share €5.11
Adjusted dividend per share €2.60
ROCE 7.8%
TSR +9.6% over 5 years for a registered shareholder

ISR

Accident frequency 1.4 per million hours worked
% of Group sales related to protecting life and preserving the environment 44% (2015 data)
Carbon dioxide emissions 25.3 million of tons
Air Liquide Foundation 264 projects since its creation
Independent Directors 8 out of 12
Women 30% of managers and professionals
Women on the Board 5 members out of 12

Stock market data at December 31

  2012 2013 2014 2015 2016
Market capitalization (in millions of euros)   29,682 32,159 35,470 35,672 41,085
Adjusted closing share price (a) (in euros) High 90.47 95.77 103.60 123.65 106.05
  Low 76.47 81.28 84.45 97.44 86.40
At December 31 86.41 93.45 102.85 103.65 105.65

 
(a) Adjusted following current Euronext regulation.

Data per share at December 31

  2012 2013 2014 2015 2016
Net earnings per share (b) - EPS (in €) 4.52 (c) (d) 4.66 4.73 4.99 5.11
Net dividend per share (b) - DPS (in €) 2.21 2.25 2.48 2.53 2.60
Pay-out ratio 49.5% 49.7% 53.9% 52.5% 56%
Dividend yield 2.6% 2.5% 2.5% 2.5% 2.5%
Ex-dividend date May 16, 2013 May 16, 2014 May 18, 2015 May 23, 2016 May 15, 2017

 
(b) Adjusted for previous two-for-one share splits, free share attributions and the capital increase.
(c) Restated data considering the IAS 19 “Employee benefits” revision.
(d) Adjusted for dilutive impact of the capital increase.