Saint-Gobain // Universal Registration Document 2021

2021 results and outlook for 2022 Financial results

Divestments

totaled

€322 million,

corresponding heating and sanitaryware distribution business in the UK

essentially to the sale of Lapeyre, the distribution business (Graham), and the Pipe business in China. in the Netherlands and Spain, the specialized plumbing,

Net debt. €bn

Net debt/EBITDA

2.4

11.2

9.3*

IFRS 16

2.0

7.3

IFRS 16

IFRS 16

8.2

1.5

4.1

4.1

1.2

2018

2021 pf* 2021

2018 Launch of transformation

2021

2021 pf*

Net debt/EBITDA ratio between 1.5x and 2.0x, in line with commitments

4

* Proforma 2021, after GCP acquisition: net debt +€2bn

Net debt remained virtually stable at €7.3 billion at therefore able to invest €1.6 billion in capital expenditure December 31, 2021 (€7.2 billion at end-2020 and and €1.4 billion in acquisitions. Net debt represents 35% of €10.5 billion at end-2019). It benefited from strong free consolidated equity compared to 39% at December 31, cash flow generation which allowed us to enhance our 2020. The net debt to Ebitda ratio on a rolling 12-month capital allocation and shareholder return policy (€1.2 billion basis was 1.2 (around 1.5 with the GCP acquisition on a pro distributed via dividend payouts and the buyback of forma basis) compared to 1.6 at December 31, 2020. almost 9 million Saint-Gobain shares). The Group was

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