2008 Registration Document - Rexel

1. Selected financial dataThe selected financial data set forth below has been preparedon the basis of the consolidated financial statements ofRexel for the years ended December 31, 2008, 2007 and2006, as well as of the pro forma financial data prepared forthe year ended December 31, 2008 in order to reflect theimpact of (i) the completion of the Hagemeyer Transaction(as such term is defined in paragraph 2.2 of this Documentde Référence), and (ii) the sale of the business of distributionof electrical products of Hagemeyer in Ireland, as if theseevents had occurred on January 1, 2008. Unless otherwiseindicated in this Document de Référence, references to“pro forma” data relate to the pro forma data as describedabove.Rexel’s consolidated income statement highlights(in millions of euros)Pro formaReported2008 2008 2007 2006Sales 13,735.0 12,861.6 10,704.4 9,298.9Gross profit 3,262.5 3,062.3 2,615.6 2,345.6As a % of sales 23.8% 23.8% 24.4% 25.2%EBITA (1) 638.4 630.0 648.4 573.6Adjusted EBITA (1) 712.6 699.4 657.9 517.0As a % of sales 5.2% 5.4% 6.1% 5.6%Operating income 548.0 553.4 570.5 523.7Net income 220.1 231.5 143.5 188.9Net income attributable to the Rexel Group 218.8 230.2 143.0 188.9(1) EBITA is defined as operating income before other income and other expenses. Adjusted EBITA (“Adjusted EBITA”) is defined as EBITA excludingthe estimated non-recurring net impact from changes in copper-based cable prices (see paragraphs 4.1.3 and 6.1.3 of this Document de Référence)and from the amortization of intangible assets recognized upon allocation of the acquisition price of Hagemeyer. EBITA and Adjusted EBITA arenot accepted accounting measures with standard and generally accepted definitions. They should not be considered as an alternative to operatingincome, net income, cash flow from operating activities or as a measure of liquidity. Companies with similar or different activities may calculateEBITA and Adjusted EBITA differently than Rexel.REXEL 2008 | PAGE 7