Interactions
Air Liquide's Letter to Shareholders
INTERACTIONS AIR LIQUIDE’S LETTER TO SHAREHOLDERS NOVEMBER 02 EDITORIAL Te ee € ‚eît „tie 04 REGIONS Multiple pptuitie i Ci 06 ‚USINESSES H…†e‡ luti t eet te ee… titi ˆllee KEY FIGURE BY THE END OF , AIR LIQUIDE WILL HAVE DESIGNED AND INSTALLED NEARLY HYDROGEN CHARGING 100 STATIONS AROUND THE WORLD. ALDA012_01_GB_bat.indd 1 11/10/2017 18:39
LATEST NEWS EDITORIAL Performance and anticipation In an environment that has seen the instria rotion ine imrove in a the or’s maor re€ions‚ ƒor Gro ahieve a soi st er„ormane in the … ha„ o„ †‡…ˆ‚ ith „rther €ro th in revene an net rofitŠ The Gas & Services business has benefited in particular from the confirmed recovery of Industrial Merchant, which today accounts for around half of our revenue. very eoraphic ones enerated rowth in the st half of the year, most notably hina, which reported doublediit sales rowth in Industrial Merchant and lectronics. e have chosen to present in this issue our activities in this country, whose we support the industrial development and the transition from “producin more” to “producin better”. With Air€as no „ƒ inte€rate an €eneratin€ to this aƒ the sƒner€ies e initiaƒ antiiate‚ Air Li‹ie is „ose on eetin€ its NEOS miŒterm strate€i an‚ Žase on stomerŒentri oen innovationŠ ‚our ƒetter reviews the latest startup investments made by „ƒI„…, the „ir ƒiquide Group’s venture capital arm. „lready ‡ˆ investments have been made in ‰ years. BENOÎT POTIER, ‘or Gro‚ hih has a on€Œterm vision‚ ommits to eveo ne Chairman and CEO mar’ets that i „e its „tre €ro thŠ Hƒro€en as an ener€ƒ arrier is one sh romisin€ mar’etŠ Šydroen can be used to store e‹cess renewable eneries, optimie enery systems and enerate clean electricity in vehicles. The industry is becomin more oranied at a lobal level and the dynamic is intensifyin with the risin influence of the Šydroen ouncil, which now federates Ž‘ lobal companies and strives to ma’e hydroen a ’ey solution for the enery transition. ‚our ƒetter ives an update on this sub“ect and I will be pleased to meet some of you at the „ctionaria fair in ”aris, where you will be able to visit an e‹hibition on hydroen enery. READ THE GROUP’S LATEST To one‚ I o i’e to reiterate ho imortant inivia an FINANCIAL PUBLICATIONS on€Œterm sharehoin€s are to ƒor Gro‚ Žease ithot them at our website airliquide.com e o not Že aŽe to eveo as e have oneŠ •urthermore, in line with our tradition of sharin our performance, we recently distributed free shares to all of our shareholders on –ctober —. Than’ ƒo „or ƒor ommitment an haƒ reain€ to a“ Data as at October 4, 2017. Published by the Air Liquide Communications Deartment, 7, quai d’Orsay 721 Paris Cede 07, rance printed in an alcohol-free rahic desin” Printed by€ Imprimerie La Galiote ‚ Photo credits€ Air Liquide, ranck unouau, otolia, homas LaisnéLa Compan, process using plant-derived ourad okraniCreative pirit, €atrick ‚ackCA€A pictures, ƒ.ƒ. inks. Ž INTER ALDA012_02-03_GB_bat2.indd 2 19/10/2017 10:44
LATEST NEWS ‚aris France To‡yo †apan ˆnergy ‰bserver „ealthcare acquisition powered by hydrogen in †apan and renewable energies ‹nergy serer is a seagoing essel that Air Liquide is expanding its healthcare is unique in the world, powered y hydrogen usiness in …apan with the acquisition of and renewale energies, energy self-sufficient ’ogo ’angyo ˜aushi•i ˜aisha ‚“’’˜˜”ƒ. and with “ero greenhouse gas or fine particle Present in the …apanese mar•et for ™ emission. Žt is currently ma•ing the first-eer years, ’’˜˜ – which generated reenue trip around the world, a six years trip with more of approximately €œ‡ million in œ ™ – than stops, powered solely y renewale is speciali“ed in the medical gases field energies. To ensure the energy self-sufficiency sering more than œ, hospitals and of the ship all along the expedition, day and night, clinics and home treatment for patients the hydrogen produced ia the electrolysis suffering from respiratory diseases. of seawater is compressed and stored and then This acquisition represents a maˆor conerted into electricity y means of the fuel deelopment of the ealthcare actiity cell. Air Liquide gies its support to this scientific locally where it increases the numer and technological proˆect which illustrates of patients sered at home y Air Liquide the role of hydrogen in the energy transition. in …apan to reach œ , . Évry France „ome healthcare for patients with diabetes Air Liquide is contriuting to adances in home healthcare for patients with diaetes. The Šroup signed a partnership with ‰‹ŒŽT‘, the rench ‰enter for ’tudies and Œesearches for the Žntensification of ‘iaetes Treatment, to support its personali“ed patients follow-up approach. Air Liquide also acquired an equity sta•e in “‘iaeloop”, a rench start-up that is deeloping an electronic artificial pancreas which enales to automate the deliery of insulin and thus reproduce the functions of the defectie pancreas. Tula de Allende Mexico Air Liquide strengthens ƒ € its presence in Mexico ‚aris France ‚aris France Air Liquide has signed with Pemex, Mexico’s state-owned oil and gas Air Liquide Free share company, a long-term agreement attribution to supply hydrogen to the Tula refinery, participates in the in the central region of Mexico. th Viva Technology n ctoer , Air Liquide Air Liquide will acquire the production show for the first time distriuted to each shareholder unit and upgrade it, and then proide free share for shares held. hydrogen to the refinery with optimal „ia Technology, the international or registered shareholders safety and reliaility. ydrogen will e start-up show, was held in Paris eligile to the loyalty onus, th th used in the petroleum refining process, last …une † to ‡ . At its ooth, this attriution was increased to reduce the fuel sulfur content. Air Liquide presented eight y €. These free shares proˆects co-deeloped with hae the same characteristics start-ups, as part of its open ‚seniority, oting, diidend KEEP UP WITH AIR LIQUIDE’S innoation strategy. ‰onnected and loyalty onus rightsƒ LATEST NEWS at airliquide.com healthcare, chatots, augmented as the shares they come from. FLLW US o Titter reality and connected glasses AirLiquiderou were on display. INTERACTIONS AIR LIQUIDE’S LETTER TO SHAREHOLDERS NOVEMBER 3 ALDA012_02-03_GB_bat2.indd 3 13/10/2017 14:39
REGIONS KEY FIGURES OF THE COUNTRY 4,000 eploees 90 sites In the Top 5 of Gas an Services Group’s revenue Multiple opportunities in China China is one of the top five countries the nees of this naic arƒet to offer innovative and adapted solutions. for Air Liquie in ters of revenue ost of business lines operate in hina, ver the last year, the Group has signed he Chinese econo has eperience with Large ndustries as a particularly ey a large number of long term contracts spectacular rise in recent ecaes activity. The energy, electronics and providing industrial gases to three For nearl ears, the Group has healthcare sectors are registering rapid of the largest fibre optic manufacturers levera€e its epertise to support growth. The country faces a number in hina. This sector is experiencing the countr’s sur€e thanƒs nota„l to of challenges related to demographics, strong growth with the expansion of €G Lar€e Inustries activit Today, resource constraints and pollution. and broadband networs. The Group has all of Air Liquide’s business lines are Through its investments, Air Liquide is able also signed ‚ngineering ƒ onstruction growing in the country, and the Group continues to develop its local presence Air Liquie strives to contri„ute to through investment and collaborations “Our presence and understanding with external partners. of local markets allow us to better A market with huge potential serve our customers and to contribute …ith a presence in China that stretches to local communities development.” „acƒ ecaes, Air Liquie currentl has † plants in over ‡ cities eetin€ Marcelo Fioranelli, President and CEO of Air Liquide China INTER 4 ALDA012_04-05_GB_bat2.indd 4 13/10/2017 14:40
IN PICTURES LARGE INDUSTRY: CONTRIBUTE TO A MORE A DYNAMIC BUSINESS SUSTAINABLE WORLD All Air Liquide’s business lines operate in China, with Large Industries Air Liquide strives to protect the environment as a particularly key activity. and to develop local communities in China. projects with major selproducing during combustion processes and can Chinese companies to allow them reduce consumption by up to Š…‹ . to upgrade or build new plants. he roup’s Air Liquide also supplies specialty gases local presence is vital to ensure that to many solar cell manuacturers in China solutions are tailormade or the market. and aiwan. Œther ways to help customers In addition to the ngineering Construction reduce their environmental ootprint include Center in hanghai and the ngineering hydrogen energy projects. Žurthermore, Construction anuacturing ite Air Liquide in China supports initiatives in €ang‚hou, a ƒesearch echnology in local communities, such as promoting Center was inaugurated in hanghai in road saety, treeplanting or providing „…†‡. his newest acility is primarily recycled computers to schools in remote ocused on developing new technologies areas. he uture in this rapidly transorming in energy efficiency, emissions reduction, country is promising‘ thanks to its wastewater treatment, urban air quality, e‰pertise and its solutions or a more ood saety and healthcare. sustainable world, Air Liquide is well positioned to capitali‚e on trends Sustainable develent in a number o highgrowth areas, Air Liquide strives to contribute to including energy conversion, waste a more sustainable orld b rotectin water treatment, ood processing, DISCOVER AIR LIQUIDE te environment and develoin local healthcare, cleaner mobility, and digital. CHINA IN VIDEO communities hese objectives drive on our website airliquide.com products development, and a number o innovations have already been deployed, such as the o‰ycombustion technology. his technology improves perormance INTERACTIONS AIR LIQUIDE’S LETTER TO SHAREHOLDERS NOVEMBER 5 ALDA012_04-05_GB_bat2.indd 5 13/10/2017 15:36
BUSINESSES the HyWay project in Rhône-Alpes which involves a fleet of hydrogen- powered Kangoo ZE and some HYDROGEN, a solution charging stations deployed y Air iide for mnicipalities as well to meet the energy as individal se Elsewhere in the world apan whose government has the stated goal of ilding a hydrogen transition challenge society the €tate of ‚alifornia in the ƒ€ and „ermany are particlarly advanced and already developing Hydrogen provides clean energy withot emitting greenhose gases or particles networ…s of charging stations and constittes a credile alternative to fossil fels Air iide is at the ctting Hydrogen energy is a soltion that edge of this field E†planations provided y Žierre-Étienne ‡ranc ’ice Žresident is increasingly sed y companies that operate for…lift fleets €ome of Hydrogen ˆnitiative e†amples of cstomers who pt their trst in Air iide in ‡rance and in Where does hydrogen indstrial partner installing the the ƒnited €tates are ˆ…ea Walmart energy stand in France networ… of stations and promoting ‚oca-‚ola and Ama‰on and the rest of the world? this energy with car manfactrers ˆn ‡rance local athorities are very A new charging station was jst How do you build engaged and many initiatives are opened in ”rly airport which will e a profitable economic appearing in the transport sector followed y another near ’ersailles model for this energy? ˆn Žaris the company €ŠEŽ“ deploys ringing in the first instance the We thin… that the est approach a fleet of hydrogen-powered electric nmer of stations in the Žaris is to deploy the soltions for moility ta†is with the spport of the Žaris region to a total of three ˆ wold also t also the energy ses especially ‚ity ‚oncil Air iide is ta…ing part mention the Jules-Verne 2 in •antes for professional ses Šhs y playing in this initiative as a minority a hydrogen-powered passenger on scale effects we will e ale to shareholder in €ŠEŽ and as an oat serving as a river shttle or ensre more rapid profitaility for the Meeting the energy and environmental challenge with hydrogen Production Storage Applications Hydrogen is the most abundant The H molecule can easily lectricity from a fuel cell is suitable 2 element on the planet, but it needs be stored in various forms for many clean energy uses sustainable „orld to be isolated from the chemical compounds CH or H O 4 2 C…‚ T‚TO‚R TP O€ TOR‚ƒ TR‚PORT PROCTO PROC Natural gas steam Passenger cars reforming –‚H ˜ — ‚ell phone relays emergency Biogas steam in gaseous in liquid in solid medical centers reforming form form form Captie fleets data centers –‚H ˜ for flly ‡or…lifts aggage — transporters ses decaroni‰ed hydrogen ”nce stored hydrogen can spply trc…s ta†is airplanes Water electrolysis electricity y powering a fel cell oats icycles –H ”˜ ™ lectricity produced by rene„able energies can be converted into hydrogen, easily stored Air Liquide is present across the entire hydrogen energy value chain 6 ALDA012_06-07_GB_bat.indd 6 11/10/2017 18:34
activit Toda in ’rance this mainl CSR taŒes place via captive fleet programs” compan cars, buses, ta‡is, etc What is Air Liquide’s role The Group’s ethics in promoting this energy? world, Žapan, whose government has ’or more than •– ears, ir iuide approach the stated goal of building a hdrogen has been a ma—or plaer in the development of hdrogen energ Recentl, the Group launched with Toota the Hdrogen Council, which out in various documents ‚the Group’s brings together •˜ global plaers to ‹rinciples of ction, the „mploee present a united front and convince Code of Conduct and the nti‰Corruption polic maŒers and investors of the Code of Conductƒ to guide behaviors sector’s potential The Group wants e‡amples of customers who put their to raise awareness of the issues An online training module illustrating surrounding hdrogen energ the key concepts of the Code of among new audiences, in particular Conduct enables employees to learn via social networŒs” on ’acebooŒ, ia concrete case studies. This module the “cH ange” communit, created is mandator and must be followed b all • b ir iuide a few months ago, emploees each ear specific module aims at moving the debate forward on the risŒs of corruption is also provided collectivel, acting for societ’s Air Liquide promotes the highest to the relevant teams, in sales, purchasing, general interest There are alread ethical standards for the conduct administration, etc ›œ,––– followers discussing the of its business. The Group adheres topic each daž to the United Nations Global Compact astl, an ethics whistleblowing sstem for professional uses Thus, b plaing – whose founding principles relate is available to all Group emploees * Société du Taxi Electrique Parisien to Human Rights, international labor to help them maŒe decisions that (“Parisian Electric Taxi Company”) ensure more rapid profitabilit for the standards, the environment and compl with the Code of Conduct the fight against corruption – and to the Responsible Care® Global Charter that The Group’s ethical approach aims to improve global performances contributes to its good reputation in the chemical industr in terms of health, and to the development of its safet and protection of the environment businesses over the long term Benefits ir iuide also complies with the international rules of the nternational Contribute to a more abour rgani€ation ‚ ƒ and follows sustainable world guidelines for multinational companies issued b the „C… • Reduce greenhouse gases • Reduce urban pollution Beyond these fundamental principles, • ‘tore renewable energies Air Liquide applies its own ethical Stakes approach, which has four priorities: • reference frames for behaviors ‡ropose solutions to meet e‡pected from all emploeesˆ resource constraints • internal codes and proceduresˆ • an awareness‰raising and training • ’acilitate access to clean energy programˆ • ‹roduce decarboni‰ed hydrogen • a whistleblowing and control sstem through water electrolsis, biogas sourcing or C capture on the A I A€I • I €‚ “„…„€AI ABL hdrogen production plant Integrity, i.e. honesty, impartiality, †L‡ €” „C€I and transparency, based on sincerity of our website airliquide.com and openness, are the cornerstones of this approach These values are set INTERACTIONS AIR LIQUIDE’S LETTER TO SHAREHOLDERS NOVEMBER 7 ALDA012_06-07_GB_bat.indd 7 11/10/2017 18:34
INNOVATION Access Oxygen, Air Liquide’s new “inclusive” offer THE STAKES provided at a dedicated location More than 4 billion people live the ygen €ouse. digital on less than six dollars a day application to support doctors and in developing economies. nurses in their decision-making is Proposing appropriate offering the final element of this offer. that are adapted to this BoP The payment system is also based (Bottom of the Pyramid) market on a paperless solution. helps reduce poverty while building a win-win relationship. This is known as inclusive business: THE BENEFITS it is not a philanthropy’s action The €xygen ouse as but an economic activity which inaugurated last May in Thiès, while maintaining its profitability enegal. This region has more obective has a social impact that than ‚ƒ„ small healthcare structures. benefits low-income communities s there is no appropriate offering and promotes innovation. These these structures had so far no communities are thus integrated access to medical o ygen although in the value chain as suppliers it is essential in the treatment distributors employees or of respiratory and heart diseases consumers. and to fight against mother and baby mortality. The ccess ygen offer will be gradually e tended to THE PROJECT all of …enegal. The i-Lab, Air Liquide’s innovation laboratory, is the perect place to explore ne marets. Ater an initial proect in Morocco, the i-Lab, in collaboration ith the ealthcare teams and the roup’s subsidiary ƒ„…† €‡T Tˆ LATˆ T in enegal, conceived a ne …ˆ‰ AŠ€‡T Tˆ „‹LAŠ inclusive business oer „… Tˆ “Ž€……ˆŽTˆ† Access €xygen. esigned on the „……€‘AT„€…” ˆŽT„€… basis of observations of people’s of our website airliquide.com actual needs ccess ygen is an all-in-one healthcare offer that includes the euipment and services needed to use medical o ygen in the treatment of acute diseases in small suburban and rural healthcare centers. This solution includes a training program for healthcare professionals 8 ALDA012_08_GB_bat.indd 8 11/10/2017 18:48
YOUR QUESTIONS „A I€ LA…I€ € ˜ecurities ‰ccounting and Ta —anager, ˜hareholder ˜ervices at ‰ir Ši“uide “A shared-gift has É IC €‚€LLIƒ positive tax implications.” —anaging ‹irector at ‰ŠI‰‹ “ALIAD’s investments are THE QUESTION a part of Air Liquide’s Open Can I pass shares on to my children and continue Innovation strategy.” to receive the dividends? (for French tax residents only) Yes, this is possible with a hand-to-hand gift or shared-gift, by opting for what is known as a donation with division of share THE QUESTION ownership with usufruct reserved. It is very simple: you transmit the bare ownership value of your shares to your children while What are the latest investments in start-ups decided by retaining the usufruct. You continue to receive dividends, take part ALIA the Air Liuide roup’s venture capital arm? in general meetings and manage your share portfolio. You may sell In the five years of its eistence, ‰ŠI‰‹ has made ƒ investments all or some of shares with the agreement of the bare owners. in start-ups. The targeted sectors are linked to the maŒor trends The loyalty bonus is preserved. Concerning the formal process: identified by the Žroup as representing growth opportunities: the • The hand-to-hand gift may be made before a notary, or at energy transition, health and digital. These investments are a minimum declared to the rench ta administration using form accompanied by rolling out business or ‘esearch ’ ‹evelopment . This process is associated with a ta eemption for gift partnerships with Žroup entities. ‰s part of the digital amounts up to €‚ƒƒ,ƒƒƒ every ‚ years, per child and for each transformation, we have taken e“uity in ‡roem, a pioneer in of the parents. It is reportable with respect to the donor’s estate. semantic analysis software and online services for etracting • A shared-gift is drawn up with a notary as an authenticated relevant information from a large volume of tetual data. ‰ir Ši“uide deed. It reduces inheritance taes, based on the value of the bare uses this start-up’s solution in several ways, for eample to analy”e ownership of shares according to the legal scale and based its customers’ feedback. ‰ŠI‰‹ also invested in …bleam, a on the age of the usufructuary. …nlike the hand-to-hand gift, Toulouse-based start-up speciali”ed in the Internet of Things. the shared-gift is not reported in the inheritance. …pon the donor’s …bleam has designed a technology solution involving round and death, the beneficiary children become full owners of the property, “smart” barcodes, along with augmented reality capabilities to without taation. access the detailed characteristics of a product, or the volume ‡assing on shares taation differs country by country. ‡lease get available in a gas cylinder. In the healthcare sector, ‰ŠI‰‹ ac“uired advice from your country financial eperts. an e“uity stake in ‹ietsensor, which offers an innovative application for diabetic patients that helps them track the glucose levels of their meals, and in ‹iabeloop, an emblematic start-up working on the development of the artificial pancreas. TO VOTE FOR THE QUESTIONS YOU’D LIE OUR EERTS TO ANSER IN THE NET ISSUE visit interactions.airliquide.com INTERACTIONS AIR LIQUIDE’S LETTER TO SHAREHOLDERS NOVEMBER 9 ALDA012_09_GB_bat.indd 9 13/10/2017 14:40
€I‚ ƒ Y„ Offer shares for end-of-year celebration gifts! s an ir ƒiuide shareholder, you are one of the heroes of a great industrial adventure. …our investment is an asset which you can pass on to your loved ones, along with your shareholder culture. Are you looking for original gift ideas? graduation, birthday, wedding, etc.). ƒastly, between related individuals, Why not offer Air Liquide shares? There is no limit to the amount defined the existing rights to the loyalty bonus eyond the financial investment, by the French law, but a customary gift are retained. this gift lets you pass to your loved must represent a relatively small part of ones your interest in participating in the the grantor’s assets. The French tax Imortant note… Transfer of shares and economy and your commitment administration examines them on a case taxation differ from country to country. to our roup with by case basis. sk your financial institution or „hareholder „ervices. An advantageous gift Simplified procedures You can offer shares without In civil and fiscal terms, it is generally resorting to a handtohand gift. considered that a customary gift his is known as a customary gift. is not added to the grantor’s estate. The distinction is important because Unlike simple gift, this gift is therefore the customary gift is not taxable as not subect to tax you need neither file regards to the French tax administration, declarations nor pay any tax. For the AI LI†„I‡ „ˆˆ Y„ where a hand€to€hand gift is otherwise person receiving the customary gift, Our experts in Shareholder subect to tax ‚after the allowance the capital gain earned in case of sale Services are available to based on family relationship). of the shares will be eual to the net sale explain the various options for amount because the French tax transmitting your shares and to help you with this process. For many different occasions administration applies an acuisition A customary gift is given on a secial price of ero in this case. customary occasion ‚end€of€year celebration gift, gift can be made without notariation. 10 ALDA012_10_GB_bat.indd 10 11/10/2017 18:52
ˆ…†Ž … AIR ˆI‰ŠI‹E’S CŒMMŠŽICATIŒŽ AŽ‹ GŒ‘ERŽAŽCE RECO‘„’“E† The Group’s Annual General rd, ith Meeting of last May 3 alost , partiipants, as aarded the € ‚est General Shareholder Meeting Trophy” by rench maga„ine nvestir his award encourages best practices in shareholder dialogue, governance and …orporate esponsibility and Sustainability at Annual †eneral ‡eetings, by highlighting The Actionaria fair, the importance of presenting these elements in a simple your meeting place! and educational manner T N D E ’ E M N E T N R R E E P “Be a player in the development of hydrogen energy!” This is the theme of Air Liquide’s V R U GRANDS PRI IS O X th G E participation at this year’s 20 edition of the Actionaria fair hich ill e held at the alais des 2017 rd th ongrès in aris on ovemer 2 and 2€ ‚ Among the prepared animations, do not miss the chance to have a go in a hydrogen electric car– a brand-new experience, silent and non-polluting! Once again this year, Shareholder Services will also be present to answer all your questions and guide you through As part of the Corporate every aspect of share ownership lease note that the fair will be held on hursday and riday, with a Go„ernane Aards nocturnal on hursday ownload your e-nvitation as of now at actionariacom, code A €‚ organi…ed †y the ‡renh aga…ine l’AGE‡I, Air ˆiquide st ri„e for SHARE PRICE was awarded the ‰ the “…omposition of the …ouncil” as well as the ‰st ri„e for ƒ„…L†T‡… …ˆ T‰ƒ A‡Š L‡‹†‡Œƒ Ž‰AŠƒ Š‡ƒ “emocracy shareholding, FROM OCTOBER , TO OCTOBER , * transparency of information Air Liquide and quality of communication” CAC 40 rebased An acŒnowledgment of the good € governance of your †roup, and Air Liquide’ “”•‚–— A €0’ “”–‚”— the efforts made in terms of communication with individual shareholders ˆ…LL…‘ T‰ƒ A‡Š L‡‹†‡Œƒ Ž‰AŠƒ Š‡ƒ L‡„ƒ at interactions.airliquide.co „o…. †ec. ‹an. Fe . Marc‡ ˆ‰ril MaŠ ‹une ‹ulŠ ˆuŒ. Že‰t. Octo er €ƒ Octo er €‚ €ƒ * Share price adjusted to take into account the 2017 attribution of free shares. INTERACTIONS AIR LIQUIDE’S LETTER TO SHAREHOLDERS NOVEMBER ALDA012_11_GB_bat2.indd 11 13/10/2017 14:41
DIARY November 30, 2017 December 27, 2017 30 FOR FRENCH TAX 27 SELL ORDERS RESIDENTS, DEADLINE In order to be recorded in 201, FOR SENDING YOUR sell orders must be placed by this date SWORN STATEMENT FOR WITHHOLDING TAX December 29, 2017 EXEMPTION BUY ORDERS If your official income for tax purposes 29 In order to be recorded in 201, in 2016 (printed on the income tax notice buy orders must be placed by you will receive in September 2017) is this date, beore 2 pm (close o ‡aris 23 November 23 and 24, 2017 less than €50,000 or a sinle person or stocˆ marˆet tradin this day) ACTIONARIA FAIR €75,000 or persons ilin ointly, you can ir iquide ill be present on the 20th be exempted rom the withholdin tax February 15, 2018 ctionaria on the dividends you will receive in 201 fair at the alais des ongrès in aris. ou have until ovember 0, 2017, to send 15 PUBLICATION OF lease note the ne hours this year, hursday your account manaer a sworn statement FULL YEAR RESULTS 2€ ‚ovember, from 1 pm to 10 pm and ƒriday with your tax threshold level €ter this 2„ ‚ovember, from ….€0 am to pm† deadline, no statement will be accepted, April 3, 2018 in accordance with the ‚rench law WEBCONFERENCE ABOUT 3 FRENCH TAXATION November 28, 2017 IN FRENCH ONLY 28 SHAREHOLDER MEETING ‰eister or the online conerence in the ir iquide ‡hareholder December 2017 Shareholders section at airli†uidecom ‡ervices meet ith shareholders . REGISTER YOUR SHARES! a ew weeˆs beore the event in oulouse ˆƒrance‰. If you hold bearer shares, do not delay in sending your bank a request to convert them into registered shares. ƒhis will allow you to bein receivin the loyalty bonus in 2020 ƒhe orm can be ound in LOAD THESE DATES the the „edia …ibrary rom the Shareholders DIRECTLY INTO section at airli†uidecom YOUR E–DIARY at interactionsairli†uidecom 29 November 29, 2017 WEBCONFERENCE about transmission ˆƒrench la, in ƒrench only‰ CONTACT US ISIT THE SHAREHOLDERS LOUNGE IEW YOUR AIR LIUIDE SHARE • Via the Shareholders section at €‚ƒ„…† Open Monday-Friday PORTFOLIO WHEREER YOU ARE • By mail at ‡ˆ, €’OŠ‹, ‡ˆ ŒŽ‘ PŠ 9 a to p MT o€ in to your Personal online account e C‚€‚’ ”‡, F•„‚ 75, quai d’Orsay, Paris 7 rance a‚‚essible in the areolders section • By phone +33 (0)1 57 05 02 26 (rom otside at airliquide.com rance) or 0 800 166 179 Free fro a Fren‚h landline FIND OUT MORE GET THE LATEST NEWS AND FOLLOW US ON SOCIAL NETWORKS And vote for the questions you’d like INFORMATION ABOUT THE GROUP On Twitter our experts to answer in the next issue ƒisit our website airliquide.com @AirLiquideGroup at interactions.airliquide.com On YouTube youtube.com/AirLiquideCorp ALDA012_12_GB_bat2.indd 12 13/10/2017 14:41