35 slides from Compagnie De Saint-gobain Sa's earnings presentation, Jul 31, 2026
Slide 1: H1 2026 Results & Outlook
July 31, 2026 H1 2026 RESULTS & OUTLOOK Allo Alcântara Offices, Lisbon, Portugal BENOIT BAZIN MAUD THUAUDET 6 Saint-Gobain solutions Chairman & Chief Executive Officer Chief Financial Officer
Slide 2: Saint-Gobain solutions in action across markets
Ville VilleLux, Lux,Italy Empoli, Italy Tennessee Titans Stadium, United States Changi Airport - Terminal 5, Singapore 8 Saint-Gobain 8 Saint-Gobain solutions solutions 10 Saint-Gobain solutions 12 Saint-Gobain solutions IN ACTION ACROSS RESIDENTIAL RESIDENTIAL NON-RESIDENTIAL INFRASTRUCTURE 2 Alber
Slide 3: H1 2026: Strong operational execution
H1 2026: STRONG OPERATIONAL EXECUTION Sales €23.6bn +0.7% organic growth Photo EBITDA €3.6bn DCCanada BMO Convention Centre, Calgary, indonésie CertainTeed, Gyproc, Isover, Saint-Gobain Glass & Weber solutions 15.4% EBITDA margin Recurring net income €1.7bn Free cash flow €2.1bn 65% cash conversion
Slide 4: H1 2026: Successful delivery of Lead & Grow strategic priorities
H1 2026: SUCCESSFUL DELIVERY OF LEAD & GROW STRATEGIC PRIORITIES All regions growing in Q2 and accelerating in non-residential & infrastructure markets Outperformance +3.5% Organic sales growth in Q2 New lines & plants opened in H1, including 13 in High-growth 14 North America, Asia & emerging count
Slide 5: H1 2026 Results: Group
July 31, 2026 H1 2026 RESULTS GROUP Pelgulinna state secondary school, Estonia MAUD THUAUDET 7 Saint-Gobain solutions including solar control glass and insulation Chief Financial Officer
Slide 6: H1 2026 Sales: Return to growth
H1 2026 SALES: RETURN TO GROWTH Sales (€m) 2026/2025 +0.2% in local currencies Robust like-for-like sales growth in 23,852 Q2 (+3.5%), up in all Regions +0.7% 23,595 -1.3% -0.5% Exchange rate impact negative in H1, turning slightly positive in Q2 Change Q2 2026 vs. Q2 2025 +0.1% -1.0% +3.5% Structur
Slide 7: Strong operational execution: EBITDA margin of 15.4% in H1
STRONG OPERATIONAL EXECUTION: EBITDA MARGIN OF 15.4% IN H1 EBITDA (€m and % of sales) 2026/2025 -2.7% in local currencies 3,818 Benefiting from Q2 sales growth 3,625 after unfavorable weather conditions in Q1 16.0% 15.4% Currency effect still negative in H1 H1 2025 H1 2026 7 H1 2026 RESULTS
Slide 8: Net income & EPS
NET INCOME & EPS Evolution €m H1 2025 H1 2026 in local currencies EBITDA 3,818 3,625 -2.7% EBITDA margin 16.0% 15.4% Operating income 2,803 2,594 Non-operating costs (50) (66) Asset write-downs and amortization of PPA (178) (214) Capital gains (losses) and impact of changes in Group structure (10) (
Slide 9: Solid cash flow and balance sheet
SOLID CASH FLOW AND BALANCE SHEET FREE CASH FLOW GENERATION DISCIPLINED CAPITAL ALLOCATION €2.1bn free cash flow in H1 2026, Net debt / EBITDA2 ratio at 1.6x with a conversion ratio of: 65% on EBITDA €1.4bn returned to shareholders through dividends 125% on recurring net income and share buybacks ~9
Slide 10: H1 2026 Results: Regions
July 31, 2026 H1 2026 RESULTS REGIONS Îlot Forest Hill, Meudon, France MAUD THUAUDET 13 Saint-Gobain solutions Chief Financial Officer
Slide 11: Europe, Middle East & Africa: Return to sales growth in Q2 and H1
EUROPE, MIDDLE EAST & AFRICA: RETURN TO SALES GROWTH IN Q2 AND H1 Sales (€m) EBITDA (€m) and EBITDA margin (%) 2026/2025 2026/2025 +0.8% +1.2% in local currencies actual +0.4% +1.7% 14,887 14,705 -0.9% 1,915 1,928 13.0% 13.0% H1 2025 Exchange rate Structure Like-for-like H1 2026 H1 2025 H1 2026 Q2 2
Slide 12: Americas: Return to sales growth in Q2 and margin delivery in line
AMERICAS: RETURN TO SALES GROWTH IN Q2 AND MARGIN DELIVERY IN LINE WITH EXPECTATIONS Sales (€m) EBITDA (€m) and EBITDA margin (%) 2026/2025 2026/2025 -4.1% -7.2% in local currencies actual 6,859 -3.1% 6,366 -0.3% -3.8% 1,470 1,240 21.4% 19.5% H1 2025 Exchange rate Structure Like-for-like H1 2026 H1
Slide 13: Asia-Pacific: Strong sales growth throughout H1 and margin expansion
ASIA-PACIFIC: STRONG SALES GROWTH THROUGHOUT H1 AND MARGIN EXPANSION Sales (€m) 2026/2025 EBITDA (€m) and EBITDA margin (%) 2026/2025 +8.4% +2.0% in local currencies actual +7.0% 2,661 2,610 +1.4% -6.4% 470 491 18.0% 18.5% H1 2025 Exchange rate Structure Like-for-like H1 2026 H1 2025 H1 2026 Q2 26 /
Slide 14: Strategy Update
July 31, 2026 STRATEGY UPDATE Zayed National Museum, Abu Dhabi BENOIT BAZIN 19 Saint-Gobain solutions Chairman & Chief Executive Officer
Slide 15: Comprehensive suite of solutions across all construction markets
WE ARE UNIQUE IN OFFERING A COMPREHENSIVE SUITE OF SOLUTIONS ACROSS ALL CONSTRUCTION MARKETS A €500bn INTERIOR EXTERIOR addressable market SOLUTIONS SOLUTIONS RESIDENTIAL Plasterboard Roofing Insulation Siding and cladding €250bn Ceilings Façade Glazing NON-RESIDENTIAL €180bn CONSTRUCTION CHEMICALS
Slide 16: One-stop-shop offer to capture growth in residential
RESIDENTIAL RENO. 37% WE LEVERAGE OUR INNOVATIVE ONE-STOP-SHOP 2025 OFFER TO CAPTURE GROWTH IN RESIDENTIAL… Europe sales RESIDENTIAL NEW 20% IMPROVING NEW BUILD & WE ARE THE GO-TO-PARTNER ALONG THE VALUE CHAIN STRUCTURAL TAILWINDS FOR RENOVATION Improvement in new housing Full-range of services & cr
Slide 17: …and address non-residential & infrastructure needs
…AND ADDRESS NON-RESIDENTIAL & 2025 Europe sales INFRASTRUCTURE NEEDS NON-RESIDENTIAL & INFRA. 35% ADAPTING EDUCATIONAL BUILDINGS TO HEATWAVES… …WHILE SHAPING MARKET AWARENESS Up to -10°C in indoor temperature during heatwaves with all solutions combined Solar control glazing Interior & exterior ins
Slide 18: Outperform as the preferred partner in residential
RESIDENTIAL RENOVATION WE OUTPERFORM AS THE PREFERRED 33% 2025 NAM PARTNER IN RESIDENTIAL sales RESIDENTIAL NEW 25% WIN-WIN PARTNERSHIPS AT SCALE COMPREHENSIVE OFFER WITH DISTRIBUTORS FOR CLIMATE-RESILIENT RENOVATION CertainTeed Integrity Roof System® +12% Increase in US distributor outlets carrying
Slide 19: Win in non-residential and infrastructure with specified solutions
WE WIN IN NON-RESIDENTIAL AND INFRASTRUCTURE 2025 NAM sales WITH SPECIFIED VALUE-ADDED SOLUTIONS NON- RESIDENTIAL & INFRA. 27% WITHIN EACH END MARKET Prince Albert & Victoria Hospital, Canada Microsoft data center, Wisconsin, US Tampa airport, Florida, US Saint-Gobain solutions including GLASROC® X
Slide 20: In India & South-East Asia, we outperform across all markets
IN INDIA & SOUTH-EAST ASIA, WE OUTPERFORM ACROSS ALL MARKETS LEVERAGING OUR UNDISPUTED LEADERSHIP SYSTEMATIC SPECIFICATION OF TO EXPAND ACROSS ALL MARKETS THE FULL BREADTH OF OUR OFFER Orange Gate-Marine Twin Tunnel, Mumbai, India (ongoing) Pakuwon Tower hotel, Jakarta, Indonesia 6 Saint-Gobain solu
Slide 21: In Australia & Latin America, we accelerate the roll-out
IN AUSTRALIA & LATIN AMERICA, WE ACCELERATE THE ROLL-OUT OF OUR FULL-RANGE OF SOLUTIONS ACCELERATING GROWTH BOOSTING OUR SHARE-OF-WALLET WITH STRONG KEY ACCOUNT MANAGEMENT The Cutaway Barangaroo cultural center, Sydney, Australia Aliah Lomas Verdes residential complex, Naucalpan, Mexico Optimized ac
Slide 22: Actively steer Group's profile to optimize value creation
WE CONTINUE TO ACTIVELY STEER OUR GROUP’S PROFILE TO OPTIMIZE VALUE CREATION DISCIPLINED ACTIVE PORTFOLIO ROTATION WITH ~€3BN SALES ROTATED YTD CAPITAL ALLOCATION 14 Acquisitions1 9 Divestitures1 7% Sales rotated since beginning of 2026 ~90% PMIM Growth capex & acquisitions1 in North Waterproofing A
Slide 23: Compounding profitable growth & value creation country by country
WE ARE COMPOUNDING PROFITABLE GROWTH & VALUE CREATION COUNTRY BY COUNTRY NORTH AMERICA MEXICO INDIA SOUTH-EAST ASIA EASTERN EUROPE Assembly Innovation Park, The Kross Office Tower, St. Regis Kanai Resort, Cancún Navi Mumbai International Airport Polish history museum, Warsaw Massachusetts Hô Chi Min
Slide 24: Competitive advantage through targeted AI use cases
WE ARE LEVERAGING A CLEAR COMPETITIVE ADVANTAGE THROUGH TARGETED AI USE CASES ENHANCED SALES PERFORMANCE ACCELERATED R&D AI-GENERATED CUSTOMIZED AI-ENHANCED MATERIAL DISCOVERY QUOTES Deployed in 250 French sales outlets Accelerated time-to-market by up to 40% INCREASED INDUSTRIAL PERFORMANCE AI-ENHA
Slide 25: Outlook & Conclusion
July 31, 2026 OUTLOOK & CONCLUSION Shanghai astronomy museum BENOIT BAZIN 15,000 sqm of plasterboard and lightweight ceiling systems Chairman & Chief Executive Officer
Slide 26: 2026 Outlook
2026 OUTLOOK In a contrasted macroeconomic environment and uncertain geopolitical landscape, the Group expects sales growth1 for the second half of 2026 with the following trends: • EUROPE: growth, with contrasted trends by country • AMERICAS: growth, in an uncertain environment • ASIA-PACIFIC: grow
Slide 27: We are well on track
WE ARE WELL ON TRACK WITH COMMITTED TO STRONG PERFORMANCE & VALUE CREATION FOR ALL STAKEHOLDERS LARGE OPPORTUNITIES ACROSS RESIDENTIAL, VALUE-ENHANCING ACTIVE SUPPORTED BY NON-RESIDENTIAL SOLUTIONS APPROACH PORTFOLIO OPTIMIZATION MEGATRENDS & INFRASTRUCTURE 27 H1 2026 RESULTS
Slide 28: H1 2026 Results & Outlook
July 31, 2026 H1 2026 RESULTS & OUTLOOK Allo Alcântara Offices, Lisbon, Portugal BENOIT BAZIN MAUD THUAUDET 6 Saint-Gobain solutions Chairman & Chief Executive Officer Chief Financial Officer
Slide 29: Appendix
29 APPENDIX H1 2026 RESULTS SAINT-GOBAIN
Slide 30: Important disclaimer – forward-looking information
IMPORTANT DISCLAIMER – FORWARD-LOOKING INFORMATION This presentation contains forward-looking statements with respect to Saint-Gobain’s financial condition, results, business, strategy, plans and outlook. Forward-looking statements are generally identified by the use of the words "expect", "anticipa
Slide 31: 2025 end markets sales split
2025 END MARKETS 1 SALES SPLIT 7% 6% 7% 3% RESIDENTIAL NEW CONSTRUCTION 23% 8% 15% 8% 1% RESIDENTIAL RENOVATION 32% 11% 10% 8% 4% NON-RESIDENTIAL & INFRASTRUCTURE 33% 2% 2% 5% 3% INDUSTRY 12% NORTHERN SOUTHERN AMERICAS ASIA-PACIFIC EUROPE EUROPE - 28% 11% 28% ME & AFRICA 31 H1 2026 RESULTS 33% 1. Sa
Slide 32: Europe, Middle East and Africa
EUROPE, MIDDLE EAST AND AFRICA SALES BY PRODUCT SEGMENT SALES BY END MARKET 2025 2025 INDUSTRIAL SOLUTIONS INDUSTRY 8% INTERIOR 8% SOLUTIONS 29% RESIDENTIAL RENOVATION 37% 35% JOBSITE SOLUTIONS 41% & MERCHANTING 10% EXTERIOR SOLUTIONS 12% NON-RESIDENTIAL & 20% INFRASTRUCTURE CONSTRUCTION RESIDENTIAL
Slide 33: North America
NORTH AMERICA SALES BY PRODUCT SEGMENT SALES BY END MARKET 2025 2025 INDUSTRIAL SOLUTIONS INDUSTRY 15% 15% RESIDENTIAL CONSTRUCTION INTERIOR RENOVATION CHEMICALS SOLUTIONS 33% SOLUTIONS 8% 37% 27% 40% NON-RESIDENTIAL & 25% INFRASTRUCTURE EXTERIOR RESIDENTIAL SOLUTIONS NEW CONSTRUCTION 33 H1 2026 RES
Slide 34: Latin America
LATIN AMERICA SALES BY PRODUCT SEGMENT SALES BY END MARKET 2025 2025 INDUSTRIAL INTERIOR SOLUTIONS SOLUTIONS INDUSTRY RESIDENTIAL RENOVATION 18% 20% 18% 23% JOBSITE SOLUTIONS & MERCHANTING 5% 27% EXTERIOR 35% 24% 30% SOLUTIONS RESIDENTIAL CONSTRUCTION NEW CONSTRUCTION CHEMICALS NON-RESIDENTIAL & SOL
Slide 35: Asia-Pacific
ASIA-PACIFIC SALES BY PRODUCT SEGMENT SALES BY END MARKET 2025 2025 RESIDENTIAL RENOVATION INDUSTRIAL 8% SOLUTIONS INDUSTRY 26% INTERIOR 26% SOLUTIONS 38% RESIDENTIAL 33% NEW CONSTRUCTION 16% CONSTRUCTION CHEMICALS NON-RESIDENTIAL & 33% SOLUTIONS 20% INFRASTRUCTURE EXTERIOR SOLUTIONS 35 H1 2026 RESU