OVERVIEW OF THE REXEL GROUP 1.1 KEY CONSOLIDATED FIGURES The selected financial information presented below was established on the basis of Rexel’s consolidated financial statements for years ended December 31, 2017, 2016 and 2015. Principal key figures of Rexel’s consolidated income statement (in millions of euros, unless specified otherwise) 2017 2016 2015 Sales 13,310.1 13,162.1 13,537.6 Gross profit 3,264.2 3,172.8 3,226.6 As a percentage of sales 24.5 % 24.1 % 23.8 % EBITA (1) 594.3 539.6 573.0 Adjusted EBITA (1) 580.1 549.8 593.5 As a percentage of sales 4.4% 4.2% 4.4% Operating income 322.3 397.0 379.4 Net income from continuing operations 104.9 134.3 85.0 Results from discontinued operations – – (69.3) Net income 104.9 134.3 15.7 Net income attributable to the Rexel Group 105.8 137.9 16.9 Net recurring income (2) 291.2 250.3 269.4 (1)EBITA (earnings before interest, taxes and amortization) is defined as the operating income before amortization of intangible assets recognized upon purchase price allocation and before other incomes and expenses. The Adjusted EBITA (“Adjusted EBITA”) is defined as the restated EBITA of the estimated non-recurring impact resulting from fluctuations in copper-based cable prices (see paragraphs 2.1.4.1 “Risks relating to changes in prices of certain raw materials” and 5.1.1.1 “Effects connected to variations in the price of copper” of this Registration document). EBITA and Adjusted EBITA are not accepted accounting measures with standard and generally accepted definitions. They should not be considered as an alternative to operating income, net income, cash flow from operating activities or as a measure of liquidity. EBITA and Adjusted EBITA can be calculated in different ways by companies having similar or different operations. (2) Net recurring income is defined as net income restated for the non-recurring impact resulting from fluctations in copper-based cables prices, other income and expenses and financial expenses associated with refinancing transactions after deducting the tax impact of the above mentioned items and other non recurring tax effects. The table below presents a reconci l iation of EBITA and Adjusted EBITA with operating income: (in millions of euros, unless specified otherwise) 2017 2016 2015 Operating income 322.3 397.0 379.4 (–) Other income (1) (7.1) (5.6) (5.1) (+) Other expenses (1) 260.1 129.5 181.7 (+) Amortization of intangible assets arising on the purchase price allocation of acquisitions 19.0 18.7 17.0 = EBITA 594.3 539.6 573.0 (+) / (–) Non-recurrent effect resulting from changes in copper-based cable prices (2) (14.2) 10.1 20.6 = Adjusted EBITA 580.1 549.8 593.5 Adjusted EBITA margin 4.4% 4.2% 4.4% (1)See note 9 of the Notes to the consolidated financial statements of the Rexel Group for the year ended December 31, 2017 included in section 5.2 “Consolidated Financial Statements” of this Registration document. (2) See paragraphs 2.1.4.1 “Risks relating to changes in prices of certain raw materials” and 5.1.1.1 “Impact of changes in copper price” of this Registration document. REXEL 2017 – REGISTRATION DOCUMENT 14