corporate group presentation

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Group Presentation

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Key figures 2015

€4.1BnRevenue

16,130 Employees

8R&D centers

€538MCurrent operating income

250Operating sites

#1 or #2On most of our markets

13.2%Operating margin

50Countries

€5.1BnMarket capitalization

54% of capital held by GBL

May 2016 | Group presentation

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Imerys offers high value-added functional solutions…

� Imerys draws on its know-how

� Portfolio of high-quality mineral resources

� Knowledge of its customers’ applications

� Wide range of exclusive technologies and processes

� Materials science expertise

� … to develop an offering based on:

� Beneficiating mineral resources (clay, bentonite, diatomite,

feldspar, kaolin, mica, wollastonite etc.)

� Developing formulations (ceramic bodies, continuous casting

fluxes for steel, monolithic refractories, etc.)

� Producing synthetic minerals (synthetic graphite, zirconia, etc.)

May 2016 | General Presentation

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…that contribute essential properties and performance to its industrial customers’ products

Filtration of edible liquids Lifespan of lithium-ion batteries to improve electric vehicle autonomy

Gloss and opacityfor paint

Conductivity of ceramic hobs

Strengthand lightness of vehicle bumpers

Watertightness and insulation of roofs

Protectionof crops

Whiteness and toughness of sanitaryware


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13%

13%

12%

10%7%

6%

6%

5%

5%

4%

4%2%

2%

Imerys presence is diversified in many markets and regions

Revenue by geographic destination in 2015

Revenue by market in 2015

New construction

Renovation

Steel

AutomotiveEnergy

Publishing

Food

Office paper

Markets < 2%Western Europe

Emerging countries

North America

Japan / Australia

44% rev. 24% rev.

27% rev. 5% rev.

The world leader in mineral-based specialties for consumer goods, industrial

equipment and construction, with presence in 50 countries

Magazines

Consumer goods

Packaging

Industrial equipment

Infrastructure


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Imerys businesses are leaders in most of their markets

Energy Solutions & Specialties

High Resistance Minerals

Filtration & Performance Additives

Ceramic Materials

� Carbonates

� Monolithic Refractories

� Graphite & Carbon

� Oilfield Solutions

� Fused Minerals

� Refractory Minerals

� Performance Minerals

� Minerals for Filtration

� Performance Additives

for Metallurgy

� Kaolin

� Ceramics

� Roofing

Revenue

1,253 M€

Revenue

630 M€

Revenue

1,082 M€

Revenue

1,172 M€


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A global presence


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Energy Solutions & Specialties

The Energy Solutions & Specialties business group manufactures and sells high-performance mineral solutions for

various demanding industries: the consumer goods and paper sectors with Carbonates, high-temperature industries

served by Monolithic Refractories, Graphite & Carbon applications linked to mobile energy, and oil and gas exploration

served by the Oilfield Solutions division.

� Carbonates � Natural (GCC) and Precipitated (PCC) Calcium Carbonates used as filling or coating pigment for paper production and

functional additives for paints, rubber, plastics.

� Monolithic Refractories (Calderys)� Unshaped refractory materials used to protect industrial equipment from high temperatures in heavy industries (steel,

cement, power generation, petro-chemicals).

� Protection for furnaces, kilns, crucibles and incinerators.

� Graphite & Carbon� High performance graphite powder for mobile energy, electronics and engineering, refractories for the transport and

automotive markets.

� Oilfield Solutions� Production of proppants and mineral solutions for non-conventional oil and gas exploration.


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Filtration & Performance Additives

The Filtration & Performance Additives business group enjoys many high quality minerals and products (bentonite,

diatomite, perlite, vermiculite, talc, wollastonite and steel casting fluxes) supplied to many industries including agriculture,

food, beverages, steel, construction, horticulture, plastics, paints, rubber, catalysts, paper, pharmaceuticals, beauty and

personal care.

� Performance Additives� The division addresses fast growing markets in which additional performance is key. The solutions offered consist

of functional additives derived mostly from mica, talc, wollastonite, diatomite, perlite or vermiculite used for paints,

plastics, polymers, rubbers, adhesives, sealants, pharma & personal care.

� Minerals for Filtration� Mainly diatomite and perlite used as filter aid for edible liquids (beer, wine, oil, fruit juice). The division is the world’s leading

supplier of diatomite and expanded perlite-based products for filtration.

� Performance Additives for Metallurgy� Serves the metallurgy market along the whole metal production chain, from raw materials through to the casting of the final

products.

� Includes Steel Casting Fluxes, Bentonite & Perlite Intermediates, and Metalcasting Performance Additives.


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Ceramic Materials

The Ceramic Materials business group is organized around the three following divisions:

� Kaolin � The broadest product range covering a large spectrum of applications: from the paper industry to ceramics, including

paints, refractories or fiberglass markets.

� Roofing� With high-quality deposits and an efficient production process, the Roofing division is France’s largest producer of clay roof

tiles. The division also offers solar roof tiles, metallic profiles and roof accessories.

� Ceramics

� The division is a global supplier of mineral and prepared bodies for the sanitary, tableware and tile making industries. The

division also provides a wide range of solutions for technical ceramics, the glass industry, mainly fiberglass, but also for

electrometallurgy, energy and some construction-related applications, as well as kiln furniture for the ceramics markets.


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High Resistance Minerals

The High Resistance Minerals business group is a global business that leverages on high quality mineral reserves

and on sophisticated manufacturing processes for high-temperature operations, to offer mineral based specialties with

key functionalities: refractoriness, abrasiveness, mechanical resistance, purity and conductivity.

� Refractory Minerals� Production of acidic refractory minerals including andalusite and chamottes.

The products made by the Refractory Minerals division are used for their mechanical, chemical, distortion and corrosion

resistance, as well as for their thermal properties in various industries in high-temperature applications and processes.

� Fused Minerals � Production of fused alumina and fused zirconia.

The division is the worldwide leader in specialty applications such as abrasives, refractories, technical ceramics, heating

elements for the iron & steel, automotive, industrial equipment and construction markets.


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Imerys grows while creating value

Imerys has the necessarystrengths...

� Sound business model

� Leadership positions in most markets

� Unique range of minerals

and solutions

� Portfolio of technologies

and processes

� Market proximity and results driven

… to growwhile creating value

� By internal growth

� By acquisitions


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Imerys internal growth is fueled by R&D and innovation efforts…

1. Personnel costs, research, process, industrial trials

Revenue from new products (M€)

Annual R&D spend1 (M€)

200250

333

449490

295361

470

2011 2012 2013 2014 2015

New products (incl. ceramic proppants)

As a% of

revenue

+ 29 %

5 % 6 % 9 % 12 % 12 %

32

55 5663 65

0,9%1,4% 1,5% 1,7% 1,6%

2011 2012 2013 2014 2015

R&D spend as a% of revenue

Examples of new products

New energies � Graphite for Li-ion batteries for electric vehicles� Bulk storage

Polymers recycling� Mineral formulation for plastic waste recycling� Shingles from industrial waste

Mineral specialties for the beauty and pharma � Talc for cosmetic powders � Perlite for exfoliating body scrub

Energy efficiency� New generation abrasives� Refractory paint for industrial furnaces

Sustainable agriculture � Pesticides / mineral-based fertilizers

A new technology: FiberleanTM

� First applications for paper production� Other applications with high potential

Lighter auto parts� Talc solutions for stronger and lighter plastic parts

as a substitute for steel parts� Formulations for investment casting


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… and by production capacity development

€78M Development capital expenditure in 2015

(€82 M in 2014)

Capacity increase in

diatomite production for

plasma fractionation

(Lompoc, USA)

Capacity increase in

diatomite production for

plasma fractionation

(Lompoc, USA)

Talc production capacity

increase for polymers for the

automotive industry

(Timmins, Canada)


increase for polymers for the

automotive industry

(Timmins, Canada)

New carbonates unit for

plastic film packaging for

food industry

(Sylacauga, USA)

New carbonates unit for

plastic film packaging for

food industry

(Sylacauga, USA)

Micronized Cellulose

production unit for paper

industry (USA)



industry (USA)

New talc refining process

for the automotive industry

(Ludlow, USA)

New talc refining process

for the automotive industry

(Ludlow, USA) First production line for

new generation abrasives

(Villach, Austria)

First production line for

new generation abrasives

(Villach, Austria)

3rd monolithic

refractories

plant

(Gujarat, India)

3rd monolithic

refractories

plant

(Gujarat, India)


increase for polymers for

automotive industry

(Luzenac, France)


increase for polymers for

automotive industry

(Luzenac, France)

Kaolin capacity

increase for ceramic

industry

(Ranong, Thailand)

Kaolin capacity

increase for ceramic

industry

(Ranong, Thailand)

2nd natural calcium

carbonate processing

unit

(Ipoh, Malaysia)

2nd natural calcium

carbonate processing

unit

(Ipoh, Malaysia)



industry (India)



industry (India)


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Imerys grows by external growth

S&B: worldwide player in industrial minerals

� Leadership positions in its markets� Bentonite for foundry

� Continuous casting fluxes for steel production

� Strategic operation with value creation� Developing geographic footprint

� Enlarging the Group’s offering

� S&B’s R&D and innovation potential acceleration

� Synergies (costs and development) on track with roadmap� Positive contributions from operating margin and cash

� Accretive on net income from current operations per

share from 2015

� Value-creating from 2018 with annual synergies

estimated at €25M

Other recent acquisitions

� Solvay’s European precipitated calcium carbonates division (PCC)� 4 production sites for thin and ultra-thin solutions for

specialty applications (automotive, construction, etc.)

� 2014 revenue: €59M

� BASF’s US paper hydrous kaolin business � Acquisition of the paper hydrous kaolin business

� Improved service offering for the paper industry through

optimized production

� Annual revenue: $60M (estimates)

� Matisco, in Roofing (France)� Specialized in metal accessories for roofing in

France

� Value-enhancing expansion of Imerys’ roofing

product offering

� 2014 revenue: €23M


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Sustainable Development is part of Imerys growth strategy

Environmental

� Management: 100%Share of operating sites with an environmental management

system

� Carbon productivity: + 1.5%Reduction in emissions by production unit

� Energy efficiency: + 1.3%Reduction in consumption by production unit

� Innovation: 18New products with a proven environmental benefit

in 2015

Social

� Safety: 1.31 (per million hours worked)

lost-time accident frequency rate

� Training: over 261,000employee training hours

� Community: 51projects entered for the Sustainable Development

Challenge

Facilitating access to drinking water in developing countries

With ImerPure™, an innovative filter cartridge, Imerys delivers a viable solution for home

storage and filtration of water for low-income households

Casa Imerys - helping local communities A house dedicated to community relations

Created in 2012 in Barcarena (Brazil) close to the Imerys plant

Literacy and IT classes, cooking workshops, sports activities and support for crafts

More than 5,000 people have benefited from training


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Sponsorship

The Group and its entities are engaged in sponsoring two main areas: education and

photography. Other projects, including sports competition, complement Imerys’ actions.

Mai 2016 | Présentation générale

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