4 2021 results and outlook for 2022 Financial results SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 127 c. Americas: strong sales growth and increase in margin to an all-time high 5,697 6,815 -4.6% +13.0% +1.9% +9.3% +19.6% 2021/2019 +28.3% like-for-like +530 bps 578 1,123 16.5% 11.2% 2021/2020 +22.3% like-for-like 2021 Exchange rates Structure Price Volumes 2020 sales 2021 sales 2018 Launch of transformation Sales (€m) Operating income (€m) and margin (%) The Americas Region delivered 22.3% organic growth over the year compared to 2020, and 28.3% compared to 2019, with an acceleration in the second half at 31.3% versus second-half 2019 thanks to good momentum in the fourth quarter. The operating margin for the Region came in at an annual record high of 16.5% (versus 11.5% in 2020 and 10.1% in 2019), mainly supported by strong growth in volumes and a strong positive raw material and energy price-cost spread. position on the US plasterboard market, but also helped develop a shared Saint-Gobain solutions offer for new sales channels, thereby improving our value proposition and differentiation for our customers thanks to these sales synergies. North America progressed by 21.6% over the year ■ versus 2019, and by 23.5% in the second half of 2021, driven by an acceleration in prices and a good volume dynamic in light construction solutions. Our local organization enabled us to mitigate strong tensions on supply chains throughout the year – particularly for raw materials – and to strengthen our customer relationships. The successful integration of Continental in early 2020 not only helped strengthen the Group’s Latin America achieved further strong growth in terms ■ of both prices – to offset inflation – and volumes. Sales in the Region grew by 42.5% over the year compared to 2019, and by 47.7% in the second half, driven by the acceleration in prices. Brazil benefited from its comprehensive range of solutions in 2021, strengthening its market presence and improving its efficiency and customer service. Growth was also supported by our development in Argentina, Chile, Peru, Mexico and Columbia, thanks to new plant openings and acquisitions to reinforce our presence in the region. d. Asia-Pacific: strong sales growth and record margin 1,520 1,787 -2.1% -8.8% +6.2% +22.3% +17.6% 2021/2019 +17.0% like-for-like +140 bps 194 211 11.8% 10.4% 2021/2020 +28.5% like-for-like 2021 Exchange rates Structure Price Volumes 2020 sales 2021 sales 2018 Launch of transformation Sales (€m) Operating income (€m) and margin (%)
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