30th august 2017

1st semester 2017 results

Highlights

Benoît de Ruffray

Chairman and Chief Executive Officer

Highlights - France

BPL HSR line and Grande Arche: two major projects delivered according

to planDeliveries

Good standing of the recurring operations

Control of the ongoing major projects: Smartseille, DUS (ultimate backup

generator), Luma Foundation…

9% growth of booking to 2,080 units in property development

Activity

3

Highlights - France

Sustained motorway traffic

BPL HSR line: start of the management and maintenance

Pierre Mauroy stadium: good casting

Concessions

& PPP

4

Renewal of the recurring operations

Remarkable major projects: Line 15 south (Lot T2B) of the Grand Paris, Le

Monde HQ, IEG (general electrical installations)

Dynamic order

intake

5

Highlights - International - Fixed base

Control of major projects: Hochmosel bridge and A94 motorway in

Germany

Growth in infrastructures activities in Germany

Very strong activity in offshore wind (Smulders)

Strong activity in energy in Spain

Activity

6

Highlights - International - Fixed base

BNP Paribas Fortis HQ

Tunnels refit in Belgium (electro-mechanical lots)

Significant intake for Smulders

First major property development in Poland

Dynamic order

intake

Strong motorway traffic growth in SenegalConcessions

& PPP

7

Highlights - International - Export

Koulouba palace in Mali

Kamoro bridge in Madagascar

Quilapilún solar plant in Chile

Deliveries

More than 10 ongoing projects in the Infrastructures division

Start of the Gambia river electric interconnect

Solar plant in Mauritania

Activity

HS2 HSR line in the UK (lots C2 and C3)

Huatacondo solar plant in Chile

Desalination plant in Djibouti

Dynamic order

intake

8

Highlights - International - Export

Acquisition* of Saipem « Maritime Works » business unit

External

acquisition to

strengthen the

development

*subject to ususal conditions

Eiffage - June 2017 Revenue €M

+7.6%

6,527 6,511 6,605 6,4976,993

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

Financial net debt €M

-367 €M13,230

12,63512,234

11,86811,501

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

Order book €bn

+7%

12.5 12.3 11.9 12.113.0

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

Continued activity and profit growth - Ongoing deleveraging - Increase in order book

Operating profit €M

+7.4%

525574 596

677727

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

58 69 79

133

174

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

Net profit €M

+30.8%

Change in WCR €M

-440 €M

(619)(442) (394) (375) -440

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

9

Outlook 2017

*Excluding non-recurring adjustment in deferred tax

Growth of activity

New progress of results* across all divisions

10

Results by business line and financial results

Christian Cassayre

Chief Financial Officer

5,265 5,526

1,0571,273

175

1946,4976,993

H1 2016 H1 2017

+6.3%

5,2775,691

1,2201,302

6,4976,993

H1 2016 H1 2017

12

Revenue (excluding IFRIC 12)

+7.8%

+6.7%

BREAKDOWN CONCESSIONS / CONTRACTING (€M)

ContractingConcessions

+5.0%

+20.4%

BREAKDOWN BY GEOGRAPHICAL AREA (€M)

+10.9%

+7.6% +7.6%

∆17/16 ∆17/16

International excluding Europe

France Europe excluding France

+6.2%

+7.0%+19.1%

At constant scope of

consolidation and

exchange rates

∆17/16

4,057 4,241

1,0571,273

1631775,277

5,691

H1 2016 H1 2017

(3%)

(20%)

(77%) (75%)

(22%)

(3%)

13

Contracting revenue (excluding IFRIC 12)CONTRACTING BREAKDOWN

BY GEOGRAPHICAL AREA (€M) AND % OF TOTAL

+9.6%

+11.8%

+1.9%

BREAKDOWN BY DIVISION (€M)

Construction Infrastructures Energy

+4.5%

+20.4%

+8.6%

+7.8% +7.8%

∆17/16 ∆17/16

International excluding Europe

France Europe excluding France

∆17/16

At constant scope of

consolidation and

exchange rates

+7.1%

+10.5%

+0.4%

+6.2%

+18.9%

1,623 1,778

1,9252,152

1,7291,761

5,2775,691

H1 2016 H1 2017

Growth of operating profit on ordinary activities of 7.4% to €M 727 (+€M 50)

Operating margin stability to 10.4%

14

Operating profit on ordinary activities and margins

H1 2016 H1 2017∆ 17/16

€M % revenue €M % revenue

Construction 64 3.7% 67 3.8% +4.7%

Infrastructures (40) (2.1)% (39) (1.8)% +2.5%

Energy 49 3.0% 57 3.2% +16.3%

Sub-total Contracting 73 1.4% 85 1.5% +16.4%

Concessions 616 50.5% 652 50.1% +5.8%

Holding (12) (10)

Group total 677 10.4% 727 10.4% +7.4%

Continuous growth of the operating profit over 5 years and operating margin at 10.4%

15

Evolution of the operating margin

Operating profit (€M) and margin (%)

525

574596

677

727

8.0%

8.8%9.0%

10.4% 10.4%

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

16

Construction - Activity and results

Revenue up by 1.9% (+0.4% lfl)

- France +5.2%, Europe (excluding France) -11.7%

Works

- Control of the structures costs

- Cautionness and selectivity of the intake

- Inauguration of the La Defense’s Grand Arche and of Smartseille,

the eco-neighbourhood of the future, first buildings

Property development

- Reservations of 2,080 units to be compared to 1,913 in 2016

- Strong tertiary activity in Saint-Ouen, Nanterre, Lyon and Marseille

- Major land development undertaken in Clamart, Bagnolet, l’Isle

Adam, Chatenay-Malabry and Dijon

Significant order intake

- BNP Paribas Fortis HQ in Bruxelles

- Romainville commercial center

- « Sensations » residence in Strasbourg: 150 woods made units

over 11 levels

BREAKDOWN OF REVENUE

Increase of the operating margin by 10 bps to 3.8%

REVENUE (€M) - OPERATING MARGIN ON ORDINARY ACTIVITIES

1,696 1,770 1,650 1,729 1,761

3.9%3.7%

3.5%3.7%

3.8%

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

Works 85% 84% 82% 81% 81%

Property 15% 16% 18% 19% 19%

17

Finalcad

Increase of the operating margin by 30bps to -1.8%

18

Infrastructures - Activity and results

Revenue up 11.8% (+10.5% lfl)

- France +3.3%, of which +3.3% in Roads activity

- International +33%

Margin evolution

- Fierce competitive landscape in France

- Metal activity recovery

- Increase of the international operations contribution

Delivery

- BPL HSR line

- A9 bypass in Montpellier

- Kamoro bridge in Madagascar

Significant order intake

- Line 15 south of the Grand Paris (lot T2B)

- HS2 HSR line in the UK (lots C2 et C3)

- Offshore electrical sub-station « Deutsch Bucht »

- Le Monde HQ

REVENUE (€M) - OPERATING MARGIN ON ORDINARY ACTIVITIES

2,078 2,0722,002

1,925

2,152

(1.6)% (1.5)%

(2.1)% (2.1)%(1.8)%

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

19

Safety Force

19

Energy - Activity and results

Continuous growth of the operating margin to 3.2%

Revenue up 9.6% (+7.1% lfl)

- France +5.2%

- International +27%

Increased operating margins

- Pursued progress across all divisions including the

recurring operations

Activity

- Solar plants in Chili, Mauritania and Senegal

- Strong activity on major tertiary buildings

- Strength in the recurring operations

Order intake

- General electrical installation for EDF

- Solar plant of Huatacondo (Chile)

- Tunnels ventilation (Belgium)

- Recurring operations order book renewal

20

REVENUE (€M) - OPERATING MARGIN ON ORDINARY ACTIVITIES

1,6791,554

1,7941,623

1,778

2.3%

2.6%2.8%

3.0%3.2%

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

21

Fluidicité

Revenue including APRR up 6.7% (+7% lfl)

- APRR: +3.5% at €M 1,156

- Motorways concessions (exc. APRR): +10.7% at €M 64

- Other concessions and PPPs: +78.3% at €M 82 (BPL start of

operations)

Operating margin +5.8% at €M 652

- APRR and Eiffarie: +7.1% at €M 575

Signing of new PPPs

- Amiens aquacenter

- Huatacondo solar power plant in Chile

Concessions - Activity and resultsOperating margin at 50.1%

Motorways Revenue €M (∆17/16 %) LV Traffic HGV Traffic

A65 28 (+3.1%) +1.9% -3.5%

Millau Viaduct 19 (+6.4%) +2.3% +6.5%

Autoroute de l’Avenir 17 (+32.7%) +27.9% in transactions

TOTAL 64 (+10.7%)

Opening

- BPL HSR line

- Grande Arche

- Metz university

Acquisition- Acquisition of 1% in Adelac capital (A41 Annecy - Geneva)

22

REVENUE (€M) - OPERATING MARGIN ON ORDINARY ACTIVITIES

1,074 1,1151,159

1,2201,302

43.3%

45.9%46.9%

50.5% 50.1%

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

23

Brittany university

Revenue (exc. IFRIC 12) up 3.5%

Total traffic increase up 2.7%: LV +2.5% and HGV +4.2%

Tariff increase on February 1st: 0.90% APRR and 0.93% AREA

Operating margin progression

- Ongoing optimisation of the structures and productivity

gains in the core operations

Services improvements

- 58.7% of non stop toll transactions

- Pursuing of the modernisation of service station and rest

areas

- Car sharing development: car parks and dynamic car

sharing scheme Pop & Vroom

- Launch of an interoperable badge in Spain, Portugal and

Italy

Investments

- Management contract currently under execution and

beginning of the works from the 2015 stimulus plan

REVENUE (€M) – EBITDA / REVENUE

24

APRR - Activity and resultsIncrease of the EBITDA margin by 100 bps year on year to 75.4%

TRAFFIC TOLL RECEIPTS REVENUE MIX

HGV

16%

LV

84%

HGV

33%

LV

67%

Other

3%

Tolls

97%

1,001 1,029 1,057 1,116 1,156

72.6%

74.3%74.9%

74.4%

75.4%

H1 2013 H1 2014 H1 2015 H1 2016 H1 2017

25

International Liber-t

Consolidated income statement

in €MH1 2016 H1 2017

Δ 17/16

Revenue (1) 6,497 6,993 +7.6 %

Operating profit on ordinary activities (% of revenue)677 (10.4%) 727 (10.4%) +7.4 %

Other operating income and expenses (28) (24)

Operating income 649 703 +8.3 %

Cost of net debt (269) (247) - 8.2 %

Other financial income and expenses (17) (7)

Net financial expenses (286) (254)

Share of profit of associates (2) (2)

Income tax (116) (143)

Net profit 245 308 +25.7%

Minority interests 112 134

Net profit (group share) 133 174 +30.8%

o/w Concessions (267) o/w Concessions (245)

26

(1) Exc IFRIC 12

Increase in the operating profit on ordinary activities of 7.4% and of the net results

(group share) of 30.8%

27

Simplified contracted balance sheet

in €M 31/12/2016 30/06/2017

Assets 18,366 18,415

Non current assets Concessions13,888 13,964

Non current assets Holding & Contracting4,478 4,451

Equity and Liabilities 18,366 18,415

Capital and reserves4,265 4,677

Capital attributable to the Group3,642 3,891

Minority interests623 786

Financial net debt exc Mtm of CNA debt and the swaps11,213 11,501

Current liabilities1,079 698

Of which WCR550 138

Of which provisions and other current liabilities529 560

Non current liabilities incl. Mtm of the CNA debt and swaps 1,809 1,540

23 (117)(24)

(1,077)

440

663 74

306

CAPEX

380

Acquisitions

& disposals

Financial net debt evolution (€M)

EBITDA

Change in WCR:

Holding & Contracting (463)

Concessions 23

Holding &

Contracting Concessions

Dividends

&

Capital

transactions

11,213

11,501

FND 31/12/2016* FND 30/06/2017**

*Exc. Mtm of the CNA debt and the swaps:

€M 428 €M 325

(981) 375 541 67 297 11 (90) 57

Operation

26

364(65)

28

S1 2016 figures Pro forma of capex reclassification

Interest &

taxes paid

Variations

without

flows of

funds (O/w.

€M 121 DGGN

debt)

Financial net debt structure (€M)

Exc. Mtm of the CNA debt and the swaps:

€M 799 €M 603 €M 428 €M 670 €M 568 €M 325

31/12/14

FND

Holding &

Contracting

FND

Concessions

with recourse

FND

Concessions

without recourse

12 386

12,014

31/12/15

7

-31

12,038 12 386

11,591

31/12/16

-334

11,92525

607

12,003

-4

300

12,234

11,93888

11,868

11,780

30/06/2015 30/06/2016 30/06/2017

29

-76

11,501

11,577

12 38611,705

-492

11,213

11.9 11.412.1 12.0

13,0

30/06/15 31/12/15 30/06/16 31/12/16 30/06/17

ORDER BOOK (€bn) AND EQUIVALENT NUMBER OF

MONTHS OF THE CONTRACTING TURNOVER

30

Contracting order book

2.8 3.3

4.44.9

4.84.8

12.1

30/06/16 30/06/17

BREAKDOWN BY BRANCH (€bn)

12 MONTHS VARIATIONS

Construction Infrastructures Energy

+16%

+11%

-1%

Contracting order book at €13.0 bn up 7% over one year

+7%

∆17/16

12.2

months

12.0

months12.8

months

12.6

months13.1

months

13.0

Appendices

Free float evolution in the group’s capital

35%

40%

48%

61%

68%

June 13 June 14 June 15 June 16 June 17

Free float67.8%

Employees20.6%

Treasury shares1.6%

BlackRock10%

SHAREHOLDERS AT 30/06/2017 (98.0M Shares)

32

Benelux583 / +29%

Germany378 / +23%

Spain170 / +17%

Poland55 / -37%

Other87 / +32%

France5,526 / +5%

Europe Excluding

France1,273 / +20%

International Excluding

Europe194 / +11%

REVENUE BREAKDOWN IN EUROPE

EXCLUDING FRANCE (€M) / variationREVENUE BREAKDOWN (€M) / variation

33

Revenue (excluding IFRIC 12)

34

Consolidated balance sheet - Assetsin €M 30/06/2016 31/12/2016 30/06/2017

Property, plant and equipment 1,538 1,585 1,599

Investment property 4 4 3

Fixed assets held under concessions 11,537 11,408 11,270

Goodwill on acquisition 2,907 2,945 2,949

Other intangible assets 172 175 178

Investment accounted for using the equity method 82 144 159

Financial assets on service concessions non-current 1,893 1,886 2,029

Other financial assets 266 219 228

Deferred tax assets 317 274 302

Total non current assets 18,716 18,640 18,717

Inventories 720 728 760

Trade receivables 4,087 4,292 4,559

Current tax receivables 187 174 223

Financial assets on service concessions current 20 19 63

Other current assets 1,174 1,184 1,382

Cash and cash equivalent 3,306 4,466 3,317

Asset held for sale - - -

Total current assets 9,494 10,863 10,304

Total assets 28,210 29,503 29,021

35

Consolidated balance sheet - Equity and liabilitiesin €M 30/06/2016 31/12/2016 30/06/2017

Share capital 392 392 392

Consolidated reserves 3,037 3,012 3,515

Profit & losses directly accounted for in equity (309) (237) (190)

Net profit for the period 133 475 174

Total capital and reserves, attributable to the Group 3,253 3,642 3,891

Minority interests 403 623 786

Total capital and reserves 3,656 4,265 4,677

Long-term debt 12,128 12,706 11,788

Deferred tax liabilities 1,158 984 990

Non current provisions 619 583 595

Other non current liabilities 89 93 92

Total non current liabilities 13,994 14,366 13,465

Trade creditors 2,827 3,041 3,169

Short-term loans and other borrowings 1,685 1,685 1,693

Non current borrowings due within one year 1,929 1,716 1,661

Current tax liabilities 143 144 103

Current provisions 513 573 583

Other creditors and accruals 3,463 3,713 3,670

Liabilities held for sale - - -

Total current liabilities 10,560 10,872 10,879

Total liabilities and shareholder’s equity 28,210 29,503 29,021

* Pro forma IFRIC 12

36

Consolidated income statement in €M H1 2016 2016 H1 2017

Revenue1 6,567 14,307 7,138

Other income 2 3 1

Raw materials and consumables used (1,152) (2,554) (1,299)

Staff costs (1,642) (3,219) (1,663)

Other expenses (2,653) (5,780) (2,932)

Taxes other than corporate tax (186) (448) (197)

Amortisation and depreciation expense (398) (820) (411)

Provisions (5) (78) (24)

Changes in inventories 89 70 47

Other operating income and expenses 55 116 67

Operating profit on ordinary activities 677 1,597 727

Other operating income and expenses (28) (71) (24)

Operating profit 649 1,526 703

Income from cash and cash equivalent 8 16 8

Cost of gross debt (277) (555) (255)

Net finance costs (269) (539) (247)

Other financial income (expenses) (17) (41) (7)

Share of profit (loss) of associates (2) (2) 2

Corporation tax (116) (167) (143)

Net profit 245 777 308

Attributable to the Group 133 475 174

Minority interests 112 302 134

Net profit attributable to the Group without deferred tax* 133 416* 174

*Non-recurring deferred tax adjustment following the reduction in the corporate income tax rate in France from 2020 that translates into an additional profit of €59M

(1) Including IFRIC 12

37

Consolidated cash flow statement in M€ H1 2016 2016 H1 2017

Cash flow generated by operations 603 1,571 698

Change in working capital in operating

activities (375) (95) (440)

Other variations(1) (163) (309) (284)

Cash flow from operations 65 1,167 (26)

Net Capital expenditure Contracting & Holding 67 (116) (74)

Capital expenditure Concessions (297) (634) (306)

Cash flow from Investments (394) (750) (380)

Free cash flow (299) 417 (406)

Acquisitions & disposals (11) (108) (23)

Dividends (143) (145) (145)

Change in equity 86 56 169

Change in net bank debt (367) 220 (405)

Change without flow of funds 95 158 117

Change in financial net debt (2) (277) 378 (288)

Of which concessions 145 220 128

Of which Contracting and Holding (422) 158 (416)(1) Difference between paid and accounted for interests and taxes(2) Exc. Mtm of the CNA debt and the swaps: 568 428 325

Financial expenses and resultsin €M H1 2016 2016 H1 2017

Concessions (267) (535) (245)

Of which:

APRR (110) (218) (88)

Eiffarie & Financière Eiffarie (91) (184) (88)

Financière Eiffarie Group (201) (402) (176)

A'Liénor (A65) (8) (16) (8)

VP1 (Millau Viaduct) (10) (22) (11)

Autoroute de l’Avenir (2) (5) (2)

ERE (HSR BPL) (27) (56) (31)

Elisa (Pierre Mauroy stadium) (7) (15) (7)

Eiffigen (National Police HQ) (3) (4) -

Armaneo (Grande Arche) (2) (4) (2)

Other PPPs and concessions (9) (11) (8)

Holding & Contracting (2) (4) (2)

Cost of net debt (269) (539) (247)

Other financial income and expenses (17) (41) (7)

Financial result (286) (580) (254)

38

Pierre-Mauroy Stadium

150

BPL955

Grande Arche

163

Education (9 projects)

394

APRR7,209

Eiffarie1,297

PPPs1,662

Other Motorway

concessions1,409

APRR and Eiffarie8,506

NON RECOURSE FND STRUCTURE (€M)NON RECOURSE FND BREAKDOWN (€M)

Concession financial net debt breakdownNon recourse debt raised in dedicated SPVs for €bn11.6(*)

Millau Viaduct

565A65804

Autoroute de l'Avenir (Senegal)

40

(*) Exc. Mtm of the CNA debt and the swaps: €M 323

39

Exc. Mtm of the CNA debt and the swaps

€M 592 €M 431 €M 262 €M 502 €M 356 €M 177

APRR & Eiffarie - Financial net debt structure (€M)

40

6,6967,420 7,256 7,499 7,308 7,209

2,2201,246 1,339 1,203 1,219

1,297

580396

110527

239

9,4969,062

8,7059,229

8,7668,506

31/12/2014 31/12/2015 31/12/2016 30/06/2015 30/06/2016 30/06/2017

Macquariequasi equity

Eiffarie

APRR

41

APRR - Gross debt profileDebt profile as at 30/06/2017 (€M)

2036

* 75 75

275*

0

714

500

0

500 500

700

500

700 700

500

0 0 0

500 500

500 500 53

100

100

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

CNA EMTN program EIB

275

75 75

EMTN bonds details

Amount in €M Coupon Maturity Yield on 31/12/2016

500 5.125% 18/01/2018 -0.13%

500 4.875% 21/01/2019 0.04%

500 Eur3m+0.75% 31/03/2019 0.19%

500 Eur3m+0.70% 03/01/2020 0.14%

500 2.25% 16/01/2020 0.15%

700 1.125% 15/01/2021 0.36%

53 RPI indexed 25/01/2021 /

500 1.50% 15/01/2024 0.84%

700 1.875% 15/01/2025 1.01%

700 1.125% 09/01/2026 1.16%

500 1.25% 06/01/2027 1.27%

500 1.875% 06/01/2031 1.66%

500 1.625% 13/01/2032 1.79%

53 RPI indexed 05/04/2032 /

42

APRR & AREA - Tariff formulae 2017-2023

2017 2018 2019 2020 2021 2022 2023

Tariff increase 1st of February 2017

85% x

0.36%

85% x

I*

70% x

I*

70% x

I*

70% x

I*

70% x

I*

70% x

I*

+ + + + + + +

APRR 0.90% 0.59% 1.13% 0.25% 0.25% 0.25% 0.25% 0.25%

AREA 0.93% 0.62% 1.17% 0.26% 0.26% 0.26% 0.26% 0.26%

Includes management contract tariff formulae 2014-2018

Includes compensation for the Increase in the land tax

rates since 2013

Absent of new management contract

Includes compensation for the tariff freeze of 2015

*I = Inflation

€M 500 of capex covering growth and modernization of the

network

Major infrastructure projects

- Construction of the A89-A6 junction north of Lyon

- A43 / A41 / high speed urban road of Chambéry

- Three widenings on the A6 at Auxerre (southbound), on the A71 north of

Clermont-Ferrand (northbound), and the A41 north of Annecy (in both

directions)

Operating investments

- Renovation of rest areas

- Environmental protection

- Improvement of service and security

43

APRR & AREA - 2014-2018 Management contracts

€M 720 of Capex covering growth and modernization of the

network

Concessions contracts lengthening

APRR +25 months, AREA +45 months

Major infrastructure projects

Reconfiguration of three motorways interchanges:

- A6 / A406 / N79 (RCEA) interchange near Mâcon (2 km length extension)

- A71 / N79 (RCEA) interchange near Montmarault (5 km length extension)

Management of two town crossings infrastructures:

- Widening (2X3) of A75 between Clermont-Ferrand and Le Crest (11 km

length extension)

- Reconstruction of the A48/A480 junction between Saint-Egrève and Claix

(15 km length extension)

44

APRR & AREA - Stimulus plan

Km travelled, 12 months rolling average, rebased to Q4 2007

45

APRR - Traffic evolution

80

85

90

95

100

105

110

115

4Q07 2Q08 4Q08 2Q09 4Q09 2Q10 4Q10 2Q11 4Q11 2Q12 4Q12 2Q13 4Q13 2Q14 4Q14 2Q15 4Q15 2Q16 4Q16 2Q17

HGV

LV

Total

CONSTRUCTION /

CAPEX

TENDER OPERATION

RAMP UP

46

PPP life cycle

Eiffage

Call of tender 5% - 10% Equity

90% - 95% Debt

Construction contract

Maintenance contract

Sale of equity

Preservation of O&M contract

Debt deconsolidation

Financial investor

Length

in years1 3 to 6 1 to 2 15 to 20

Value Financial

structuring

PPP contracts

signing

OPERATION

Assets in concessionName Type Country

End of

concessionStatus % Shares

Consolidation

method

APRR Toll Concession FR 2035/2036 Operational 50.1% Full consolidation

A65 Toll Concession FR 2067 Operational 65.0% Full consolidation

A41 Nord Toll Concession FR 2060 Operational 48.9% Equity method

Millau viaduct Toll Concession FR 2079 Operational 51.0% Full consolidation

Prado Carénage Tunnel Toll Concession FR 2025 Operational 32.9% Equity method

Prado Sud Tunnel Toll Concession FR 2054 Operational 41.5% Equity method

Autoroute de l’Avenir Toll Concession SEN 2040 Operational 100.0% Full consolidation

Bretagne-Pays de la Loire HSR line PPP FR 2036 Operational 100.0% Full consolidation

Prisons Lot 1 PPP FR 2037 Operational 19.9% Not consolidated

Marche-en-Famenne prison PPP BEL 2038 Operational 19.0% Not consolidated

Le Plessis-Robinson (92) covered market PPP FR 2030 Operational 100.0% Full consolidation

Pierre Mauroy stadium PPP FR 2043 Operational 100.0% Full consolidation

Jean-Zay high school – Lorraine PPP FR 2034 Operational 100.0% Full consolidation

GreEn-ER university – Grenoble PPP FR 2041 Operational 100.0% Full consolidation

Brittany university PPP FR 2038 Operational 10.0% Not consolidated

Lille university PPP FR 2041 Operational 100.0% Full consolidation

Aix-en-Provence university PPP FR 2042 Under construction 100.0% Full consolidation

Metz university PPP FR 2042 Operational 100.0% Full consolidation

Nancy university PPP FR 2043 Under construction 100.0% Full consolidation

Seine-St-Denis colleges lot 1 PPP FR 2034 Operational 100.0% Full consolidation

Seine-St-Denis colleges lot 3 PPP FR 2034 Operational 100.0% Full consolidation

Var colleges PPP FR 2043 Under construction 100.0% Full consolidation

Kreis Lippe road network PPP GER 2033 Operational 100.0% Full consolidation

Grande Arche refurbishment PPP FR 2034 Operational 100.0% Full consolidation

A94 PPP GER 2046 Under construction 33.3% Equity method

Ten Merina Solar Plant SEN 2042 Under construction 15.0% Not consolidation

47

Assets in concessionCarrying value of assets held under concession (€M)* 30/06/2016 31/12/2016 30/06/2017

APRR 10,360 10,258 10,147

A65 1,011 993 987

Adelac - 68 73

Millau viaduct 363 359 358

Norscut 20 - -

Prado Carénage Tunnel 22 24 22

Prado Sud Tunnel 9 9 9

Autoroute de l’Avenir 96 103 101

HSR Perpignan-Figueras 40 - -

HSR Bretagne-Pays de la Loire 946 1,003 1,130

Le Plessis-Robinson (92) covered market 11 10 10

National police HQ 124 - -

Pierre Mauroy stadium 344 288 242

Eiffaltis - 60 65

Jean-Zay high school – Lorraine 56 55 53

GreEn-ER university – Grenoble 58 60 59

Lille university 41 39 39

Aix-en-Provence university 52 57 73

Metz university - 29 31

Seine-St-Denis colleges lot 1 & 3 203 198 193

La Grande Arche La défense renovation 147 176 183

Cologen - 25 53

Nancy bio centre 4 14 29

Other concessions & PPPs 88 60 107

Total 13,995 13,888 13 964* Fully consolidated: 100% of asset/ Equity method: group share

48

49

Revenue of the 1st semester (€M)in €M H1 2016 H1 2017

Actual

structure

At constant scope of

consolidation and

exchange rates (lfl*)

Construction 1,729 1,761 +1.9% +0.4%

Incl. property 331 329

Infrastructures 1,925 2,152 +11.8% +10.5%

Energy 1,623 1,778 +9.6% +7.1%

TOTAL CONTRACTING 5,277 5,691 +7.8% +6.2%

Concessions (excluding IFRIC 12) 1,220 1,302 +6.7% +7.0%

TOTAL GROUP (excluding IFRIC 12) 6,497 6,993 +7.6% +6.3%

Including:

France 5,265 5,526 +5.0% +4.4%

International 1,232 1,467 +19.1% +14.3%

Europe excluding France 1,057 1,273 +20.4% +14.9%

Excluding Europe 175 194 +10.9% +10.9%

Contracting revenue from Concessions (IFRIC 12)141 175 n.s

(*) Like-for-like consolidation scope: calculated by neutralising:

the 2017 contribution made by companies consolidated for the first time in 2017;

the 2017 contribution made by companies consolidated for the first time in 2016, for the period equivalent to that in 2016 before they were consolidated for the first time;

the 2016 contribution made by companies deconsolidated in 2017, for the period equivalent to that in 2017 after they were deconsolidated;

the 2016 contribution made by companies deconsolidated in 2016.

Like-for-like exchange rates: 2016 exchange rates applied to 2017 local currency sales.

50

Revenue of the 2nd quarter

in €M Q2 2016 Q2 2017 Variation

Construction 917 949 +3.5%

Incl. property 206 181

Infrastructures 1,112 1,216 +9.4%

Energy 845 921 +9.0%

TOTAL CONTRACTING 2,874 3,086 +7.4%

Concessions (excluding IFRIC 12) 630 687 +9.0%

TOTAL GROUP (excluding IFRIC 12) 3,504 3,773 +7.7%

Contracting revenue from Concessions (IFRIC 12) 98 108 n.s

Xavier Ombrédanne

xavier.ombredanne@eiffage.com

Phone: +33 (0)1 71 59 10 56

Register to receive press release at http://www.eiffage.com/press-releases

51

Investor relations contact and Agenda

Eiffage APRR

Quarterly information and turnover for the 4th quarter 2017 28.02.2018 18.01.2018

2017 annual results and analysts presentation 28.02.2018 27.02.2018

Quarterly information and turnover for the 1st quarter 2018 19.04.2018

General Meeting of shareholders 25.04.2018

Quarterly information and turnover for the 1st quarter 2018 14.05.2018

Quarterly information and turnover for the 2nd quarter 2018 29.08.2018 19.07.2018

2018 half-year results and Analysts presentation 29.08.2018 29.08.2018

Quarterly information and turnover for the 3rd quarter 2018 06.11.2018 18.10.2018

Black out periods are starting 15 days before quarterly publications and 30 days before the annual and semi annual publications

52

Disclaimer

This presentation may contain forward-looking statements and information about the financial situation, operating

results, activities and development strategy of Eiffage. These statements and this information are based on

assumptions that may prove incorrect and that are subject to major risks and uncertainties. This information is

pertinent only on the day it was formulated. Eiffage assumes no responsibility to update this information or to revise

the statements on becoming privy to new information or because of future or other events taking place, subject to

applicable regulations in this matter. Additional information on factors that could influence the financial results of

Eiffage are contained in the document filed by the Group with the French financial markets supervisor (Autorité des

Marchés Financiers - AMF), which is available on the Group’s website www.eiffage.com or on request from the

company’s registered office.