2017,
Registration document,
Annual financial report

DANONE, ONE PLANET. ONE HEALTH

2017 results

Emmanuel Faber

Chairman and CEO

the key numbers

i
Like-for-like New Danone.

+2.5%

€ 24.7 bn

sales

+
i
Like-for-like New Danone.

+70 bps

14.36%

recurring
operating margin

+
i
On a reported basis.

+18.4%

€ 2.1 bn

free cash flow

i
At constant exchange rate

+14.2%

2017 recurring eps

i
This percentage refers to water, yogurt and other daily dairy products, baby milks & foods, milks and milk powders, beverages with 0% sugar and medical nutrition. Based on official public health recommendation, these categories are generally suitable for daily consumption.

88%

OF VOLUME SOLD ARE SUITABLE FOR DAILY CONSUMPTION

i
Compared to 2015 baseline, based on constant scope of consolidation and constant methodology. In line with Danone's commitment of reduction of 50% in carbon intensity full scope (scopes 1, 2 and 3) by 2030.

-10.5%

REDUCTION OF CARBON INTENSITY FULL SCOPE

5

B CORP ENTITIES

Table of contents

Danone
ONE PLANET.
ONE HEALTH

1
INFORMATION ABOUT THE ISSUER AND INFORMATION ON THE REGISTRATION DOCUMENT
2
OVERVIEW OF ACTIVITIES,
RISK FACTORS
3
BUSINESS HIGHLIGHTS IN 2017
AND OUTLOOK FOR 2018
4
FINANCIAL STATEMENTS
5
SOCIAL, SOCIETAL
AND ENVIRONMENTAL RESPONSIBILITY
6
CORPORATE GOVERNANCE
7
SHARE CAPITAL AND SHARE OWNERSHIP