Saint-Gobain // Universal Registration Document 2021

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Financial and accounting information Compagnie de Saint-Gobain 2021 annual financial statements (parent company)

Net financial income NOTE 3

Net financial income increased by €567 million to €1,295 million in 2021 from €728 million in 2020. The year-on-year change is mainly attributable to the €237 million increase in investment income. Dividends received from subsidiaries rose by €96 million to

€815 million in 2021, while 2021 profit transferred from subsidiaries of the German branch increased by €141 million. Lastly, an amount of €345 million of the provision for impairment of securities was written back in

2021.

Exceptional items NOTE 4

The Company recorded a net exceptional expense of is mainly due to the increase in provisions for the Group’s €68 million in 2021 compared to a net exceptional expense long-term compensation plans following the rise in the of €2 million in 2020. The net exceptional expense in 2021 Saint-Gobain share price.

Income taxes NOTE 5

The Company recorded an income tax benefit of €261 million, breaking down as: an income tax benefit of €281 million under the tax ■ consolidation regime (France); an income tax expense of €20 million for the German ■ entity. The French tax group generated a tax profit in 2021. 50% of the 2021 tax profit is therefore charged against tax losses carried forward from prior years. Total cumulative

tax losses (including losses arising from tax rules on the deductibility of financial expenses) were estimated at €802 million at December 31, 2021. Compagnie de Saint-Gobain’s permanent German establishment is the head of the Group’s Organschaft local tax consolidation regime. At December 31, 2021, future tax savings corresponding to the branch’s unused tax loss carry-forwards amounted to €27 million.

Intangible assets NOTE 6

Intangible assets

Amortization

Net value

Transfer of intangible assets under construction

Accumu

Accumu

Gross at Jan. 1,

Disposals (retire ments)

Gross at Dec. 31, 2021

lated at Jan. 1,

lated at Dec. 31, 2021

at Dec. 31, 2021

2021 Additions

2021 Increases Decreases

(in EUR million)

Purchased goodwill Other intangible assets

1

1

1

1

56

56

47

3

50

6

Intangible assets in progress TOTAL

56

0

0

0

57

48

3

0

51

6

SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 344

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