Invitation to our General Meeting 2024

A Wide Range of Markets and a Strong Business Model

A WIDE RANGE OF MARKETS AND A STRONG BUSINESS MODEL

KEY ELEMENTS BY BUSINESS LINEPublished data.

LARGE INDUSTRIES

28% of Group revenues

7,825 

    • High capital intensity
    • Customers in metals, chemicals, refining and energy
    • Industrial basin and pipeline network strategy
    • Long term contracts (15 years) with minimum volumes covered by take-or-pay clauses, and prices indexed on costs, including on energy cost
    • Synergies with other business lines
INDUSTRIAL MERCHANT

43% of Group revenues

11,975 million euros

    • Technological solutions adapted to customers’ businesses
    • More than 2 million customers
    • Importance of logistics
    • High number of applications and end-markets
HEALTHCARE

15% of Group revenues

4,077 million euros

    • Gases, equipment, and services at home, in hospitals, and medical practices
    • 2 millions patients
    • Geographical density
    • Operations relying on remote patient monitoring and sophisticated IT systems
ELECTRONICS

9% of Group revenues

2,483 million euros

    • Technological solutions with ultra high purity gand advanced materials ases
    • Long-term contracts for carrier gases, with clauseregarding minimum volumes (“take-or-pay”) and indexation on energy costs (and other costs)
    • Concentration of the activity in Asia
ENGINEERING & CONSTRUCTION

2% of Group revenues

390 million euros in third party sales

  • Design and construction of plants and equipment, for the Group and third party customers

GLOBAL MARKETS & TECHNOLOGIES

3% of Group revenues

858 million euros

  • Development and supply of technological solutions for the energy transition and deep tech markets