Arkema Sa · EURONEXT:AKE
Arkema Sa — 29th ODDO BHF Forum 2026
27 slides from Arkema Sa's conference presentation, Jan 9, 2026
Slide 1: 29th ODDO BHF Forum
29th ODDO BHF Forum 8-9 January 2026 – Lyon, FRANCE
Slide 2: A vision shaped by the accelerating demand for high performance materials
A vision shaped by the accelerating demand for high performance materials A SIGNATURE “Be a Specialty Materials leader, offering innovative and sustainable FOR A VISION solutions to address our customers’ current and future challenges” 29th ODDO BHF Forum 08-09/01/2026 2
Slide 3: Arkema overview
Arkema overview 92% sales on Balanced Specialty Materials geographical footprint Markets Specialty Building & Construction Materials 37% 5% 28% 92 % 33% General Industry 27% €9.5bn €9.5bn 27% 2024 sales 2024 sales 26% Consumer goods & Electronics 29% 21% 8% 35% Health, water & nutrition Adhesives So
Slide 4: Attractive technologies serving 5 identified high-growth platforms
Attractive technologies serving 5 identified high-growth platforms One Arkema portfolio in EV High performance and batteries, and additives, bio-based polymers for High performance resins and polymer in sustainable polymers for green energy and lifestyle and goods health and electric mobility well-b
Slide 5: Projects ramp-up supporting our strategic roadmap on Specialty Materials
Projects ramp-up supporting our strategic roadmap on Specialty Materials Acquisition CAPEX Europe Additional contribution Pebax® for sports goods of projects to EBITDA +€60m in 2025 vs 2024 North America Asia & RoW Ashland Performance Adhesives PI Advanced Materials (54%) Dow laminating adhesives PV
Slide 6: Two of these projects will start up in 2026
Two of these projects will start up in 2026 New unit of transparent polyamide PVDF capacity expansion Rilsan® Clear in Singapore in Calvert City (US) x3 $20m Q1’26 production investment planned US capacity increase +15% $20m CAPEX capacity start-up MEDICAL Increasing demand for locally Reinforced le
Slide 7: Significant growth opportunities confirmed for PIAM
Significant growth opportunities confirmed for PIAM Growth drivers +165% EBITDA in 2024 vs. 2023 New product High-value-added launches in mobile ultra-thin films in devices mobile and display Films and varnish in (foldable, 5G) (OLED, slimmer devices) demanding applications Flexible printed circui
Slide 8: Promising first steps for Dow's laminating adhesives business
Promising first steps for Dow’s laminating adhesives business Development potential and synergies confirmed Start of the year aligned with expectations +US$30m EBITDA synergies within 5 years One of the global leaders of adhesives Detailed roadmap defined and short-term initiatives launched for the
Slide 9: Launch of a new One Arkema platform dedicated to the growing data center market
Launch of a new One Arkema platform dedicated to the growing data center market Chillers Our ambition Forane® refrigerants Wiring and cables > €100m sales for building cooling Kynar® PVDF in overhead wire and cables with self extinguishing properties in 2030 Waterproofing Ground and roof water prote
Slide 10: A strong focus on cost savings
A strong focus on cost savings Large number of initiatives ramping up across Strict management all functions and business lines of our operations • Reduction of discretionary expenses Objective to broadly offset fixed costs inflation • Streamlining of operations with the reorganization of Jarrie and
Slide 11: Attractive shareholder return
Attractive shareholder return Dividend per fiscal year Dividend per share (€/share) €3.60 for the year 2024 paid in May 2025 3.6 3.5 Payout ratio 3.4 in 2024 3.0 44% in line with the Group’s 2.5 long term objective 2.2 Annual growth 2019 2020 2021 2022 2023 2024 +10%/y of the dividend over the 2020-
Slide 12: Diversified financing resources and 2026 maturities fully refinanced
Diversified financing resources and 2026 maturities fully refinanced 1,100 900 Issuance of a €500m green bond in September 2025 1.5% (3.5% rate, 8-year maturity) 700 4.25% 500 500 500 400 0.75% 400 400 3.5% 3.5% Extended debt1 maturity 300 300 4.8% 4.25% 3.5% to 4.6 yrs at end-Q3 1.5% 0.125% Solid c
Slide 13: Strong commitment to corporate social responsibility
Strong commitment to corporate social responsibility Climate GHG emissions Sustainable Sales contributing Safety Total recordable by 2030 vs 2019 Towards significantly to UN SDGs by 2030 injury rate TRIR Net-Zero solutions Scopes 1 + 2 0.7 2050 -48.5% 60% Near-term > 1,800 researchers by 2030 Proces
Slide 14: Continuous improvement in CSR performance recognized by rating agencies
Continuous improvement in CSR performance recognized by rating agencies Climate & environment Safety Per million hours worked 1 5 0,8 Energy 4 0,6 GHG emissions 3 Process safety Scopes 1+2 event rate Air 0,4 2 Water 0,2 1 Injury rate 0 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 20
Slide 15: Third quarter 2025 results
Third quarter 2025 results Extract from « Third quarter 2025 results and outlook » presentation (7 November 2025) 29th ODDO BHF Forum 08-09/01/2026 15
Slide 16: Q3'25 key takeaways
Q3’25 key takeaways Challenging macroeconomic environment including a lower than expected demand in the US over the summer Sales -4.7% vs Q3’24 at constant €2,187m exchange rates Very solid cash flow generation supported by strong operational and capital discipline EBITDA Group EBITDA down reflectin
Slide 17: Q3'25 financial highlights
Q3’25 financial highlights → Down 4.7% YoY at constant exchange rates: • Volumes down 2.5% reflecting the lower demand in the US over the summer, and the overall weakness in Europe while Asia, in particular China, remains more resilient €2,187m sales • Strong momentum with ~20% YoY sales growth in b
Slide 18: Key figures
Key figures in €million Q3’25 Q3’24 Change 9m’25 9m’24 Change Sales 2,187 2,394 -8.6% 6,963 7,271 -4.2% EBITDA 310 407 -23.8% 1,003 1,208 -17.0% Specialty Materials 296 377 -21.5% 960 1,109 -13.4% Intermediates 38 51 -25.5% 116 174 -33.3% Corporate -24 -21 -73 -75 EBITDA margin 14.2% 17.0% 14.4% 16.
Slide 19: Sales evolution reflecting market conditions and currency effect
Sales evolution reflecting market conditions and currency effect -2.5% -3.7% -3.9% +1.5% Lower demand in the Impact of the Depreciation of Integration of Dow’s US over the summer acrylic cycle the US dollar and laminating adhesives and overall weakness certain Asian business in Europe currencies aga
Slide 20: Adhesive Solutions (31% of Group sales in Q3'25)
Adhesive Solutions (31% of Group sales in Q3’25) Key figures Highlights Q3’25 in €m Q3’25 Q3’24 Change 9m’25 9m’24 Change → Limited sales decrease of 1% despite Sales 675 682 -1.0% 2,106 2,068 +1.8% negative 3.8% change effect EBITDA 93 107 -13.1% 295 321 -8.1% • Volumes down 3.1% EBITDA margin 13.8
Slide 21: Advanced Materials (37% of Group sales in Q3'25)
Advanced Materials (37% of Group sales in Q3’25) Key figures Highlights Q3’25 in €m Q3’25 Q3’24 Change 9m’25 9m’24 Change → Sales down 4.5% at constant exchange Sales 810 885 -8.5% 2,621 2,681 -2.2% rates, impacted mainly by volume decrease in Performance Additives EBITDA 152 189 -19.6% 503 541 -7.0
Slide 22: Coating Solutions (25% of Group sales in Q3'25)
Coating Solutions (25% of Group sales in Q3’25) Key figures Highlights Q3’25 in €m Q3’25 Q3’24 Change 9m’25 9m’24 Change → Decrease of sales by 15.2% Sales 532 627 -15.2% 1,704 1,890 -9.8% • Volumes down 5.8% EBITDA 51 81 -37.0% 162 247 -34.4% - Weak demand environment, notably EBITDA margin 9.6% 12
Slide 23: Intermediates (7% of Group sales in Q3'25)
Intermediates (7% of Group sales in Q3’25) Key figures Highlights Q3’25 in €m Q3’25 Q3’24 Change 9m’25 9m’24 Change → Sales down 15.7% Sales 161 191 -15.7% 506 603 -16.1% • Sharp volume rise of 16.7% offset by EBITDA 38 51 -25.5% 116 174 -33.3% negative 21.6% price effect on a high comparison basis
Slide 24: Very solid cash generation in Q3'25
Very solid cash generation in Q3’25 in €million Q3’25 Q3’24 9m’25 9m’24 EBITDA 310 407 1,003 1,208 → Continued strict management of working capital Taxes -25 -52 -98 -145 17.3% of annualized sales Cash items included in the financial results -30 -15 -83 -41 at end-September 2025 (17.0% at end-June 2
Slide 25: Net debt decrease by almost €200m over Q3
Net debt decrease by almost €200m over Q3 in €million 2.6x LTM EBITDA 22 10 -207 -2 3,580 3,403 30/06/2025 Rec. cash flow Exceptional items M&A FX and others H1'25 Rec. cash Exceptional FX and 30/06/2025 M&A 30/09/2025 flow items others 29th ODDO BHF Forum 08-09/01/2026 25
Slide 26: Outlook FY'25
Outlook FY’25 Global context marked by limited visibility, geopolitical tensions, the increase in tariffs and a weak demand environment. Large number of initiatives ramping up across all functions and business lines to optimize and streamline activities with the objective to broadly offset fixed cos
Slide 27: Disclaimer
Disclaimer The information disclosed in this document may contain forward-looking statements with respect to the financial condition, results of operations, business and strategy of Arkema. In a context marked by strong geopolitical tensions, where the evolution of the world economy remain uncertain