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C2 - RestrictedCFM56 / LEAP TRANSITIONAND AFTERMARKETOlivier ANDRIÈS, SAE CEOFrançois BASTIN, SAE CommercialEnginesFrançois PLANAUD, SAE Services& MRO54 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - Restricted1CFM56 / LEAP TRANSITIONFrançois BASTIN,SAE Commercial Engines55 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - RestrictedLEAP: Technology, Experience & ExecutionCOMPOSITEFAN BLADES & CASE2018ADVANCED 3D AEROPerformanceLightweight & durableADVANCED COOLINGLightweight &temperature resistantLEAN COMBUSTORLow NOx, durableDEBRISREJECTION SYSTEMProtection against erosion FAN MOUNTED AGBReliability, MaintainabilityIt takes a suite of technologies to make a great engine56 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of SafranReliabilityLife cyclemaint. costSame as CFM56-15%lower fuelconsumptionand reductionin CO2 emissionsNoise& NOx-50% vs CAEP6,margin to newregulations (Chap 14)

C2 - RestrictedLEAP: since CMD 2016A320neo737 MAX2018C919All performance,noise and emissionsreduction objectivesmet73LEAP customershave accumulated more thanLEAP-1ALEAP-1BLEAP-1CEntry into servicein August 2016Entry into servicein May 2017First Flightin May 20172.5 millionengine flight hours57 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - RestrictedLEAP: the customer’s choice2018Based on announced orders and selectionsMarket shares, as of October 31, 2018CFM LEAP100%737MAXCFM LEAPSinglesource737 MAX5,0088,171 AC(o/w 7,500 AC to A320neo2,438Investor’s choice: LEAP market share for A320neo lessors is 67%58 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of SafranA220580MC-21197A320neo1,732PW1000G2,509 AC23%

C2 - RestrictedLEAP in service: supporting a fleet of more than 500 aircraft As of October 31, 2018A320neo288 aircraft737 MAX231 aircraft59 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran2018

C2 - Restricted with unrivalled utilization2018Already 99.9% dispatchreliability and still improving!Cornerstone Engine designed for reliabilityWorld Class Utilization, matching CFM56 standardAircraft not flying(in % of fleet in service)Flight hours (h)/ Average daily utilizationSource: Flightradar24Source: Flightradar2440%Competition30%12Levers Digital advanced monitoringLEAP1020%810%LEAP0%May 2017October 2018Competition6May 2017 3 call centers, 250 fieldengineers On site support force operating24/7 from 15 locations overthe world 7 MRO shops up and runningOctober 201860 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - RestrictedUnprecedented ramp-up underway2018'162016'172017'182018e'192019eLEAP In 2017, 459 LEAP deliveries,on top of 1,444 CFM56’s2,000 1,800 1,100 1,000 In 2016, 77 LEAP deliveries,on top of 1,693 CFM56’s'202020e'212021e'222022eIn 2018 on track to beat 1,100LEAP engines deliveries, on topof more than 1,000 CFM56’sCFM56LEAP weekly rate already hit CFM56 historical peak level61 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - RestrictedLeveraging our Production Management System2018Extensive investment: added 3 newplants and pulled in a 3rd pulse linein 2018 aloneRoute to Serial ModeFully active dual sourcing, adding 3rd or4th when necessary (forged parts, frames)Watch item Examples: turbine disks, turbine rear vaneWinning the First Time Yield battle: Through design updates & process improvements Examples (2016 to now): OGVs (20 to 93%),fan blade leading edge (70 to 97%) Systematic risk analysis & abatement Forgings and Castings150 suppliersSWAT teams to tackle emerging issuesat suppliers62 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran14 countries

C2 - RestrictedA steadily extending footprint2018Safran plant Queretaro6,000 m2MexicoAssembly2019Queretaro31,000 m2Mexico3D composites RTM and OGV2018Rzeszow5,000 m2PolandCompressor Blade machining2018Rzeszow9,300 m2PolandTurbine blade machining2018Suzhou19,000 m2ChinaMachining and assembly2018Villaroche40,000 m2FranceLogistics for assembly and spares2017Gennevilliers1,500 m2FrancePrecision forging2016Le Creusot4,000 m2FranceTurbine disk machining2015Rochester31,000 m2USA3D composites RTM2014Commercy27,000 m2France3D composites RTM2014In production Over 173,000 m2 of extensions and new plants in Europe, Asia and the Americas since 201363 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - RestrictedDefining the state of the art of engine assembly2016201720182018All effective today and more coming! 3 LEAP engine pulse lines, 3 fan module rolling lines Friendly engine cradles(4 axes, including /- 110 engine axis rotation)Engine pulse linesFan rolling lines Augmented reality Smart tooling Generalizing the Pulse line concept In line image recognition control Combining it with relentless innovation Collaborative automation (cobots) Zero-G handling123Takt time64 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - RestrictedCost reduction: right on track2018Before 1st engine delivery, CMD16learning curve was expressedin terms of Cost of Production-30% -25% 201620172018e2019eAverage cost of salesAs serial production has started,Cost of Sales metrics becomesmore relevant2020eThe achievement to date is in linewith the 2020 objective65 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - RestrictedLEAP Cost reduction: within our plantsLevers2018Examples 1B Turbine rear vaneDesign updates for cost Removal of EEC blowers 90k / engine 1B Fan frame shroud Closed door machiningProcess Optimization Optimization of inspection times Rework eliminationLeveraging our low costfootprint China: turbine shafts, disks & module assembly Mexico: fan disks, blades, OGVs & module assembly66 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - RestrictedClosed door machining: Le Creusot (France)Traditionalturbine diskmachining Batch flow One machine for one operator Manual on line machine set up2018Flexible assistedmanufacturingsystemFlexible automatedmanufacturingsystem One piece flow 3 machines for one operator 2 machines for one operator Automated loading Centralized retooling Closed Door Machining Off line machine set up Digital data collectionLabor efficiency:X2.5Machining time:-50%67 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - RestrictedLEAP Cost reduction: with our suppliers2018Levers3,000150Design to cost Cone torque metal coatingremoval, LPT shaft heattreatment optimizationLean manufacturing,value chain analysis,process reengineering Turbine disk machiningcycle time reducedfrom 120 to 43 daysSupply base footprintoptimization includingbest cost country Extension of cost sharein Morocco, Mexico,Portugal, PolandRolling negociations Contract renewal, marketshare or volume change,dual sourcing benchmarkingsupplierspart es68 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - RestrictedCFM56 / LEAP Transition: the first steps of a success storyLooking back on 2.5 yearsand 2.5 million hoursof operations, LEAPis already deliveringon all its promisesPerformance(fuel, noise, emissions)Historic ramp upis underway, supportedby a strong productionmanagement systemReliabilityUtilization69 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran2018Cost reductionis right on target

C2 - Restricted2CFM56 / LEAP AFTERMARKETFrançois PLANAUD,SAE Services and MRO70 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran

C2 - RestrictedCFM56 / LEAP installed base growing2018CFM Fleet in serviceCFM56 / LEAP fleet in service to growby 4.5% CAGR until 202550,000 More than 38,000 CFM56 / LEAP engineswill be in operation in 202540,000Source: CFM fleet data, agreed airframer LEAP ratesStrong CFM56 installed baseover the horizon30,000 28,000 CFM56 engines (all models)in operation today20,000 22,000 in 202510,000 Sustained CFM fleet growthdriven by LEAP deliveries0201520172019e2021eCFM56 Legacy Models71 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran2023e2025e2027eCFM56 -5B/-7B (Gen 2)2029eLEAP

C2 - RestrictedCFM56 / LEAP different aftermarket dynamics2018CFM56 Aftermarket business essentially drivenby spare parts sales Large choice of Maintenance,Repair and Overhaul (MRO) providersfor Airlines Revenue drivers: shop visit volumes,workscopes (content), pricing LEAP Increased customer demand for long term,rate per flight hour agreements Provides airlines for maintenance costpredictability 3rd party MRO network will develop over time Profitability drivers: engine reliability, fleetmanagement & maintenance cost optimization,additional servicesTransitioning from spare parts model to long term contracts72 Safran - Capital Markets Day 2018 / November 29, 2018This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior written authorization of Safran