Saint-Gobain // Universal Registration Document 2021

8

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

Other equity NOTE 13

Non-voting participating securities 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). None of these securities are redeemable and the interest is classified as a component of finance costs.

Provisions NOTE 14

Other (transfer, method change)

Write-backs of utilized provisions

Write-backs of surplus provisions

Charge for the year

At Dec. 31, 2021

At Jan. 1, 2021

(in EUR millions)

Untaxed provisions Reinvested capital gains

3 0 3

0 0 0

0 0 0

0 0 0 0 0 0

0 0 0 0 0 0

3 0 3

Other

Provisions for contingencies Provisions for taxes

22

1

15

8 2

Other risks

4

0

2

26

1

17

10

Provisions for charges Pensions Retirement bonuses

155

7

57

0 0

0 0

105

10

1

2

9

Provisions for performance share and performance unit plan costs

110 20

87

8 2

0 0 0

0 0 0

189

Provisions for other charges

0

18

295

95

69

321

Provisions for impairment Investments in subsidiaries and affiliates Other investment securities

400

1

345

0 0 0 0 0

0 0 0 0 0

56

1

0 0 0

1

0 0 0

Doubtful receivables Marketable securities

0 0

0 0

401 56 The discount rate used in 2021 to calculate benefit obligations was 1.06% for terms of 14 years or less (0.70% in 2020), and 1.42% for terms over (1) 14 years (1.11% in 2020). 1 346

SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 354

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