Saint-Gobain // Universal Registration Document 2021

Financial and accounting information 2021 Consolidated Financial Statements

Gross debt repayment schedule 10.3.2 The schedule of the Group’s total gross debt as of December 31, 2021 is as follows:

Currency Within 1 year

1 to 5 years Beyond 5 years

Total

(in EUR millions)

EUR GBP EUR EUR

1,000

3,943

3,925 8,868

Bond issues

357

296 203

653 203 500 203

Perpetual bonds and participating securities

Long-term securitization

220

280

Other long-term financial liabilities Accrued interest on long-term debt

All currencies All currencies

13

58

132

103

103

TOTAL LONG-TERM DEBT

1,336

4,638

4,556 10,530

SHORT-TERM DEBT

All currencies

545

0

0 545

TOTAL GROSS DEBT EXCLUDING LEASE LIABILITIES

1,881

4,638 1,630 6,268

4,556 11,075 844 3,155 5,400 14,230

Lease liabilities

All currencies

681

TOTAL GROSS DEBT

2,562

At December 31, 2021, future interest payments on gross long-term debt (including the current portion), excluding lease liabilities, managed by Compagnie de Saint-Gobain can be broken down as follows:

Within 1 year

1 to 5 years

Beyond 5 years

Total

(in EUR millions)

Future interest payments on gross long-term debt

184

513

427

1,124

Interest on perpetual bonds and on participating securities is calculated up to 2049.

Bonds 10.3.3 Compagnie de Saint-Gobain also redeemed the following instruments at maturity: a €750 million private placement paying variable-rate ■ interest at 3-month Euribor +0.35% on March 22, 2021; €750 million worth of 3.625% bonds on June 15, 2021. ■ Perpetual bonds 10.3.4 In 1985, Compagnie de Saint-Gobain issued 25,000 perpetual bonds with a face value of ECU 5,000 (€5,000 today). A total of 18,496 perpetual bonds have since been bought back and canceled, and 6,504 perpetual bonds are outstanding at December 31, 2021, representing a total face value of €33 million. The bonds bear interest at a variable rate (average of interbank rates offered by the five reference banks for six-month euro deposits). The amount paid out per bond in 2021 was €0. The bonds are not redeemable and interest on the bonds is classified as a component of finance costs.

Participating securities 10.3.5 In June 1983, Compagnie de Saint-Gobain issued 1,288,299 non-voting participating securities with a face value of FRF 1,000. Their face value is now €152.45, following their translation into euros in 1999. A certain number of these participating securities have been bought back over the years. At December 31, 2021, 606,883 securities are still outstanding with an aggregate face value of €92.5 million. Interest on the securities ranges from 75% to 125% of the average corporate bond yield (TMO), based on the Group’s consolidated income. The amount paid out per bond in 2021 was €0.18. In April 1984, 194,633 non-voting participating securities were issued by Compagnie de Saint-Gobain with a face value of ECU 1,000 (€1,000 today). A certain number of these participating securities has been bought back over the years. At December 31, 2021, 77,516 securities are still outstanding, with an aggregate face value of €77.5 million. Interest comprises (i) a fixed portion of 7.5% paid per year applicable to 60% of the nominal amount of the security, and (ii) a variable portion applicable to the remaining 40% of the nominal amount of the security, which is linked to consolidated net income of the previous year and to the reference six-month Euribor rate +7/8%. The amount paid per security in 2021 was €61.30, settled in two installments (€27.95 and €33.35). These participating securities are not redeemable and the interest paid on them is classified as a component of finance costs.

8

SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 323