Introduction to Wendel

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“A strong tradition of entrepreneurship supporting long-term investing”

A 310-year-old history

272 years in the steel industry

Nearly 40 years of investment experience

1. View of steelworks in 1866. Watercolor by Bertier 2. François de Wendel (1778-1829)

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€11bn Gross asset value

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Portfolio companies

Wendel at a glance

As of March 16, 2015

€5.5bnMarket capitalization

€1.7bn Cash on balance sheet

€1.5bn Undrawn available facilities

>15.0% Total

shareholder return (annualized) for the last 40 years

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310 years

of history and industrial roots

Family businesswith reference family shareholder

Permanent capitalfrom own balance sheet

Publicly listed

investment company

Who we are

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How we operate

Long- (no-) term investor

Moderate/cautious use of debt At Wendel level At portfolio company level

Professional shareholder (non-executive)

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Family Long-term

ExcellenceOpenness

Our values

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Profitable growthOrganic (best practices) External (screening, priorities, funding)

Value for all stakeholders

Build highly valued assets Over the long-term through industrial strategies and operational excellence

SustainabilitySafety / Health / Social ResponsibilityEnvironment

Our priorities

Compliance

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A global footprint of offices to support our portfolio

85 employees at holding level

c. 275k employees across portfolio

New York

Casablanca

Paris

LuxembourgFrankfurt

Amsterdam

Tokyo

Singapore

www.cflex.com

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