Saint-Gobain // Universal Registration Document 2021

4 2021 results and outlook for 2022 Financial results SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 123 Financial results 1. 2021-2025 “Grow & Impact” plan: successful execution 1.1 of the 1st year Sustainable construction and industry decarbonization are essential in the fight against climate change. As the worldwide leader in light and sustainable construction, Saint-Gobain therefore plays a key role in reaching carbon neutrality. The first year of the “Grow & Impact” plan has already proved a success, and sets the Group firmly on the financial trajectory set at its Capital Markets Day, with an acceleration in earnings and cash generation, along with attractive value creation for our shareholders: across the globe in one year result in around 1,300 million tons of avoided CO2 emissions over their lifespan, i.e., around 40 times the Group’s own total carbon footprint in 2020 (scopes 1, 2 and 3), and more than 100 times its scope 1 and 2 footprint; strong organic growth with an annual average of 6.9% ■ over the period 2019-2021, ahead of the 3%-5% target, maximizing Saint-Gobain’s positive impact in the fight against climate change. Its comprehensive range of sustainability solutions for its customers represents 72% of Group sales. The solutions sold by Saint-Gobain operating margin of 10.2%, in line with the Group’s ■ double-digit margin ambition; free cash flow conversion ratio of 53%, in line with the ■ objective of over 50%, with free cash flow generation that has more than doubled since the launch of the transformation at the end of 2018, at €2.9 billion; strong value creation, with ROCE at 15.3% – ahead of ■ the target of 12%-15% – compared to 10.4% in 2020 and 11.1% in 2019; record shareholder return at €1.2 billion. ■ Operating performance 1.2 Exchange rates Structure Price Volumes 2020 sales 2021 sales €38,128m €44,160m -0.4% -2.2% +6.7% +11.7% +15.8% 2021/2019 +13.8% like-for-like 2021/2020 +18.4% like-for-like Organic growth of 13.8% versus 2019 (o/w 6.2% volume growth), i.e. annual average growth of ~6.9% over 2 years Exchange rates: slight depreciation over the year, despite an appreciation in H2 led by the pound sterling, Nordic krona and US dollar Structure: continued optimization of Group profile (divestments and acquisitions) Annual average organic growth over 2019-2021 = 6.9%, ahead of the target of 3% to 5% Like-for-like sales were up 18.4% on 2020 and 13.8% on 2019, with the increase accelerating to 15.9% in the second half versus second-half 2019. increase sales prices and generate a positive price-cost spread in 2021. The price effect was a positive 6.7% for 2021 as a whole, steadily increasing throughout the year to stand at 9.5% in the second half and 10.3% in the fourth In a far more inflationary raw material and energy cost quarter. environment, the Group once again showed its ability to

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