Saint-Gobain // Universal Registration Document 2021

Financial and accounting information 2021 Consolidated Financial Statements

The breakdown of assets and liabilities held for sale at the end of the reporting period is as follows:

Dec. 31, 2021

Dec. 31, 2020

(in EUR millions)

Intangible assets, property, plant and equipment, right-of-use assets and other non-current assets

66

164 146

Inventories, trade accounts receivable and other receivables

159

Cash and cash equivalents ASSETS HELD FOR SALE

2

19

227

329

Provisions for pensions and other employee benefits Other current and non-current liabilities and provisions

3 11

36

17

Trade accounts payable, other payables and other current liabilities

98 55

281 167 501

Debt and bank overdrafts LIABILITIES HELD FOR SALE

167

NET ASSETS (LIABILITIES) HELD FOR SALE

60

(172)

Changes in the number of consolidated companies 4.4 At December 31, 2021, the number of consolidated companies was as follows:

France Outside France

Total

Fully consolidated companies At December 31, 2020 Newly consolidated companies

129

616

745

17

61

78

Merged companies

(5)

(24) (17)

(29) (32)

Deconsolidated companies Change in consolidation method

(15)

(2)

(2)

At December 31, 2021

126

634

760

Equity-accounted companies and joint arrangements At December 31, 2020

3

83

86

Newly consolidated companies

2

2

Merged companies

0

Deconsolidated companies Change in consolidation method

(2)

(2)

2

2

At December 31, 2021 TOTAL AT DECEMBER 31, 2020 AT DECEMBER 31, 2021

3

85

88

132 129

699 719

831 848

8

Off-balance sheet commitments related to companies within the scope of consolidation Non-cancelable purchase commitments represented €2,132 million at December 31, 2021. Around €2 billion of non-cancelable purchase commitments relate to GCP Applied Technologies, a leading global player in the construction chemicals market, with which Saint-Gobain signed an agreement on December 6, 2021 to purchase all of GCP’s outstanding shares. Offering highly complementary geographic and commercial footprints with Chryso, the acquisition of which was completed in September 2021, GCP represents a unique opportunity for Saint-Gobain to establish a leading worldwide presence in the growing construction chemicals sector, and furthers the Group’s strategy as a worldwide leader in light and sustainable construction. 4.5

Closing of the transaction is subject to the approval of GCP shareholders, antitrust clearance and satisfaction of other customary closing conditions, and should be effective by the end of 2022. Share purchase commitments also include the acquisition of Impac, a leading player in the construction chemicals market in Mexico, with which Saint-Gobain signed a purchase agreement on October 20, 2021. This acquisition will enable the Group to consolidate its leadership in Latin America while accelerating its growth in the region by enriching its range of solutions for light and sustainable construction. Completion of the acquisition is subject to clearance from the Mexican antitrust authorities and should be effective in the first half of 2022. Non-cancelable purchase commitments also take into account the agreement signed on December 21, 2021 by Saint-Gobain with the Alghanim group to acquire Rockwool India Pvt Ltd, a major player in the production of stone wool in India.

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