Saint-Gobain // Universal Registration Document 2021

2 Strategy The Group’s environment SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 48 Global Electric Vehicle Sales, Annual Growth, 2012-2021 (Forecast) (1) 0 1 2 3 4 5 6 7 2021 F 2020 2019 2018 2017 2016 2015 2014 2013 2012 Electric battery vehicles Rechargeable hybrids However, this development has significant consequences for the sector’s value chain, for example by making even more necessary technologies enabling progress in terms of vehicle weight, thermal and acoustic insulation of the passenger compartment, insulation of engines and connectivity. With regard to public transport, the growth and densification of urban areas, and the increasingly strict regulations adopted at the local level on pollution automatically lead to a growing demand for transport solutions that are effective in energy terms, connected, easier to maintain, and that offer users a higher level of safety and comfort. For its part, the air transport market, which has withstood the consequences of the pandemic, notably thanks to massive aid, estimated at more than $240 billion (2), is not expected to return to a level of demand comparable to the pre-crisis situation before late 2023 / early 2024. However, it remains a promising market with very strong medium and long-term growth, with negligible impact of the crisis on the need for new aircraft by 2040, estimated at more than 43,000 aircraft, doubling the global fleet of commercial aircraft (3). Sustainable industry 1.2.3 Global industrial production is expected to grow more than 3% per year over the decade 2020-2030 (4). In this positive context, all segments of this business sector are gradually moving towards the decarbonization of their operations in general and their industrial processes in particular, which requires massive financial investments. By way of illustration, around one third of the thousand largest European listed companies (including industrial Groups) have made commitments regarding carbon neutrality by 2050 (5). The industrial decarbonization market could therefore grow faster than the industry as a whole. Some of the segments in which Saint-Gobain is positioned should experience faster growth for example, the health sector. Health spending, driven by the megatrends of the aging of the population, the growing demand for healthcare, the average increase in living standards on a global scale, and the expansion of public healthcare systems, is expected to grow 4% over the period 2020-2024 (6). (1) Virta Global – Figures in millions of vehicles. (2) International Air Transport Association, “Airline industry outlook / October 4, 2021, (3) Les Echos, “Boeing estimates the aerospace market at $9 trillion over ten years”, (4) Oxford Economics, December 2021. (5) (6) Deloitte, “2020 Global healthcare outlook: laying a foundation for the future” –