Arkema Q3 Report 2023

Arkema achieved a solid EBITDA margin and high cash generation in an ongoing context of low
volumes reflecting the current economic environment.

Sales of €2.3 billion, down by 17.2% at constant currency compared with Q3’22:

• Volumes down by 6.6% year-on-year in an environment of generally slow demand comparable to that of previous quarters
• 10.6% negative price effect reflecting lower raw materials, as well as price normalization in PVDF and upstream acrylics following the exceptional market conditions in 2022

EBITDA at €386 million, down compared with the prior year’s high comparison base (€495 million in Q3’22), and EBITDA margin holding up well at 16.6% (16.7% in Q3’22), reflecting the strength of the Group’s positioning and the initiatives taken to adapt to the economic climate

Adjusted net income of €177 million (€260 million in Q3’22), representing €2.38 per share

The 10.6% negative price effect reflects the expected normalization of market conditions in PVDF and upstream acrylics, as well as lower raw materials prices. The scope effect was neutral on sales, with small acquisitions in Adhesive Solutions and Coating Solutions offset by the divestment of Febex. The currency effect was more pronounced at negative 4.5%, primarily reflecting the strength of the euro against the US dollar and the Chinese yuan.