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                              Air Liquide
                              Air Liquide worldwide
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                              NEOS

                              Our company program

                              NEOS is our company program. It guides us to achieve our Ambition and reach our objectives on the 2016–2020 period.

                              NEOS takes its inspiration from the ancient Greek word meaning ‘new’ and conveys the message of a new step in the Group’s development.

                              Concretely, NEOS is made of daily actions and the contributions of every employee in their entities. Some of these actions constitute specific projects (“NEOS Initiatives”). They are monitored through specific project management governance.

                              With NEOS, the Group will be able to deliver a long-term performance and will be more connected to its stakeholders as well as more innovative.

                              Performance

                              • Revenue growth: +6% tp +8%* CAGR
                              • Efficiency gains > €300 million on average per year
                              • Airgas synergies > $300 million
                              • ROCE > 10% after 5 to 6 years
                              • Maintain S&P 'A' range rating

                              *: including Airgas scope effect in 2017, corresponding to a +2% CAGR

                              Responsibility

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