Adjusted Sales Used as a Comparison Basis (2/2) Published 2016 Published 2016 Air Liquide sales excluding Air Liquide Welding and Aqua Lung A excluding Air Liquide (IFRS 5, discontinued operations) Welding and Aqua Lung B Airgas consolidated Published 2016 Airgas sales with divestments fully completed as of st - Airgas divestments January 1 , 2016 C Adjusted Air Liquide 2016 starting point: A + B sales D Published2017 Published 2017 Air Liquide sales E Comparablegrowth Growth between 2016 adjusted Air Liquide sales and published 2017 sales D excluding change, energy and significant M&A versus C F Publishedgrowth Growth between published 2016 Air Liquide sales, excluding Air Liquide Welding and Aqua Lung, and published 2017 Air Liquide sales D versus A 2016 comparable sales growth excluding currency, energy price fluctuation and Airgas impact 15 February 2018 Full Year 2017 Results The world leader in gases, technologies and services for Industry and Health 33