4 2021 results and outlook for 2022 Financial results SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 129 Financial results 1.3 Record results: business income and Ebitda (in EUR million) 2019 2020 2021 2021/2020 2021/2019 Operating income 3,390 2,855 4,507 +57.9% +32.9% Non-operating costs (421) (342) (239) Capital gains (losses) and impacts resulting from changes in Group structure (13) (58) (67) Asset write-downs and other (403) (1,023) (265) BUSINESS INCOME 2,553 1,432 3,936 +174.9% +54.2% Operating income 3,390 2,855 4,507 +57.9% +32.9% Operating depreciation and amortization 1,901 1,902 1,934 Non-operating costs (421) (342) (239) EBITDA 4,870 4,415 6,202 +40.5% +27.4% EBITDA MARGIN (AS A% OF SALES) 11.4% 11.6% 14.0% +240 BPS +260 BPS Ebitda margin up 290 bps vs. 2018 Ebitda climbed 40% on 2020 and 27% on 2019 to a record €6,202 million, while the Ebitda margin came in at a record annual high of 14.0% versus 11.6% in 2020. Non-operating costs included in Ebitda decreased to €239 million from €342 million in 2020, in line with the objective given at the Group’s Capital Markets Day. The net balance of capital gains and losses on disposals, asset write-downs and the impacts of changes in Group structure represented an expense of €332 million (versus an expense of €1,081 million in 2020), reflecting €265 million in asset write-downs relating mainly to the divestment of underperforming businesses, and €67 million in disposal losses and impacts relating to changes in Group structure. Business income was €3,936 million, up 54% on 2019. Record recurring net income (in EUR million) 2019 2020 2021 2021/2020 2021/2019 BUSINESS INCOME 2,553 1,432 3,936 +174.9% +54.2% Net financial expense (496) (453) (408) Dividends received from investments 28 34 1 Income tax (631) (526) (919) NET ATTRIBUTABLE INCOME 1,406 456 2,521 RECURRING NET INCOME 1,915 1,470 2,815 +91.5% +47.0% Recurring EPS(in EUR) 3.53 2.74 5.35 +95.3% +51.6%
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