Saint-Gobain // Universal Registration Document 2021

Financial and accounting information 2021 Consolidated Financial Statements

On October 1, 2021, Saint-Gobain acquired a majority ■ stake in Abe Mauritius, a leading supplier of waterproofing, admixtures and technical mortar solutions and a Chryso brand licensee. On October 4, 2021, Saint-Gobain announced that it ■ had completed the acquisition of Raboni Normandie, a multi-specialist distributor of construction materials on the dynamic home renovation and energy efficiency market in France. On November 10, 2021, Saint-Gobain announced that it ■ had acquired a minority stake in Livspace, a digital

company focused on the growing residential housing markets in India and South-East Asia. On November 15, 2021, the Group announced that it had ■ acquired a gypsum plant in Nairobi, Kenya. This will be Saint-Gobain’s first production site in Kenya, where it will also invest in a construction chemicals production line. The process of identifying and measuring at fair value the assets acquired and liabilities assumed within the scope of the acquisitions carried out in 2021 will be finalized within 12 months of each acquisition date.

The table below shows the fair value measurement of each major category of assets acquired and liabilities assumed at December 31, 2021:

Other newly-consolidated companies

Total at the acquisition date

Chryso group

(in EUR millions)

Intangible assets

210

49 94 26

259 164

Property, plant and equipment, and right-of-use assets

70

Financial assets and other non-current assets

8

34

NON-CURRENT ASSETS

288

169

457

Inventories

63 95

68 49

131

Trade accounts receivable, net

144

Other receivables

9

17 16

26 72

Cash and cash equivalents

56

CURRENT ASSETS

223

150

373

Non-current portion of long-term debt and lease liabilities Non-current portion of provisions and other liabilities

14

19

33 89

63 77

26 45

NON-CURRENT LIABILITIES

122

Current portion of long-term debt and lease liabilities Current portion of provisions and other liabilities

0

9 3

9 4

1

Trade accounts payable

53 23

51

104

Other payables

30 23 116 158 247

53

Short-term debt and bank overdrafts

341 418

364 534 174 985

CURRENT LIABILITIES

TOTAL FAIR VALUE OF NET ASSETS ACQUIRED

16

Acquisition cost of shares

738

Minority interests

0

10

10

GOODWILL

722

99

821

8

4.2.1.2 Main disposals in 2021 Disposals represent full-year sales of around €1,856 million, of which €641 million relates to the disposal of Lapeyre. The main company deconsolidations in 2021 are summarized below: On February 15, 2021, Saint-Gobain finalized the ■ disposal of Saniplus in Spain to the Spanish group Stonewall Ventures SL with the sale of Saniplast, its civil

engineering materials distribution business. This follows the disposal of Sanigrif, its plumbing, heating and sanitary distribution business, at the end of 2020. On May 28, 2021, Saint-Gobain sold La Plataforma – its ■ construction materials distribution business in Spain – to the Bigmat group, and on July 5, 2021 completed the disposal of its Discesur banner to the Jorge Fernandez group in association with the Terrapilar group.

SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 287