Company PresentationVersion 1 June 2016

Etex is an industrial groupwith a worldwide network and local presence

42 99 120 17,229 3.054 M

Company presentation | 1 JUne 2016 | 2

Etex has a long history of focused growththrough geographical diversification …

Foundation of Eternit and first fibre cement factory by BelgianAlphonse Emsens1905

1949

1950Introduction of fibre cement to Europe and Latin America

First fibrecement factory in Africa

First fibrecement factory in Asia

1937

Company presentation | 1 JUne 2016 | 3

1957

Passive fireprotection

1979

1992

2011

… and product diversification

PlasterboardCeramic tiles for floors and walls

Plasterboardmanufactured

in Europe

Company presentation | 1 JUne 2016 | 4

Today, we are a leader in selectedmarkets for building materials

Fire protection and insulation

47%

29%

13%

9% 2% Cladding andbuilding boards

Roofing

Ceramic tiles

Company presentation | 1 JUne 2016 | 5

We combine our strong local brands withexcellent market knowledge

Company presentation | 1 JUne 2016 | 6

We have a solid track record of successful acquisitions…

0

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Revenue (in ‘000 €)

France

Company presentation | 1 JUne 2016 | 7

Romania

Peru

Brazil

Indonesia

… and of organic growthwith 4 greenfields in 2015

Company presentation | 1 JUne 2016 | 8

1. Compensation for victims 2. Prevention of further asbestos exposure3. Management of landfills4. Support of medical and scientific research

We are carefully managing our asbestos heritage

• Asbestos is a natural mineral used in many industries and for many applications

• Since the 70’s reducing dust and asbestos exposure levels in our factories

• Since 2002 ban of asbestos in our production processes

Past usage

Our policy to help victims of asbestos exposure

Company presentation | 1 JUne 2016 | 9

0500

1 0001 5002 0002 5003 0003 500

2009 2010 2011 2012 2013 2014 2015

Revenue

0100200300400500

2009 2010 2011 2012 2013 2014 2015

Rebitda

• Uninterrupted growth between 2009 and 2012 thanks to strong performance in emerging markets and a major acquisition

• Resilient performance between 2013 and 2015 despite scope changes and a challenging economical and financial environment

We continue growing our business whilstdelivering solid results

Company presentation | 1 JUne 2016 | 10

Proven history, promising future

Solid base• Worldwide presence and diversified activities• Strong local brands• Leadership in selected markets

Proven track record• Steady and stable growth for more than 110 years• Capable of successfully acquiring businesses• Continuous support from our family shareholders

Promising future prospects• Strategy that responds to market trends• Investments to generate future cash flow• From a financial holding to an industrial group

Company Presentation