2017 FULL-YEAR EARNINGS — FEBRUARY 8, 2018 FOCUS ON STREAMLINING COSTS Reduction in G&Acosts (in €m) Cost of debt & Interest Coverage Ratio General expenses ICR Payroll Cost of debt In % of Net Rental Income 25.00% 6.3x 24.00% 80 23.00% 3.5% 5.2x 66 65 22.00% 3.0% 4.5X 49 52 21.00% 3.6x 2.5% 20.3% 149 20.00% 3.0x 2.1% 131 1.8% 122 109 125 19.00% 17.1% 18.00% 17. 00% 16.00% 15.00% 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 46