Arkema Sa · EURONEXT:AKE
Arkema Sa — Non-Deal Roadshow (September 2025)
28 slides from Arkema Sa's roadshow presentation, September 2025
Slide 1: Arkema Roadshow Presentation
ARKEMA ROADSHOW PRESENTATION SEPTEMBER 2025
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” Arkema - Roadshow Presentation - September 2025 2
Slide 3: Arkema 2024 overview
Arkema 2024 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% sales sales 26% Consumer goods & Electronics 29% 21% 8% 35% Health, water & nutrition Adhesives Solutio
Slide 4: Superior resilience in different macro environments
Superior resilience in different macro environments Lower margin volatility Comparative EBITDA margin evolution compared to peers (2018-24) 25% EBITDA margin volatility1 20% Arkema (Specialty Materials) Arkema Specialty Materials 270 bps 15% Peers1 10% Peers2 average 540 bps 1. Difference between hi
Slide 5: Strengthening cost-cutting initiatives
Strengthening cost-cutting initiatives €100m Better products and cost savings process yields, and objective in 2025 improved energy efficiency x2 original CMD target Digitalization, automation and process simplification €100m Global procurement strategy for goods and services €55m €50m/yr Original C
Slide 6: Attractive technologies serving 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 7: New attractive investments announced in first half 2025
New attractive investments announced in first half 2025 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 R
Slide 8: Gradual ramp-up of our major projects
Gradual ramp-up of our major projects • Bio-based Amino 11 & PA11 (Singapore) • HF with Nutrien (US) • Additives for biofuels and refinery (US) • Niche additive for renewable energy (China) • Ashland Performance • Dow laminating adhesives (US) M&A Adhesives (US) M&A 2022 2024 2025 2026 • UV curing r
Slide 9: 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 10: 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 11: 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 12: 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 13: Cash generation reflecting the finalization of major growth projects
Cash generation reflecting the finalization of major growth projects Recurring cash flow (€m) 933 Strict management of working capital at 13.8% of sales at 762 761 end-December 2024 756 EBITDA to operating cash conversion rate at 77% in 2024 419 (in line with the 70% target) Recurring capex at
Slide 14: Continuous increase of shareholder return
Continuous increase of 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 ov
Slide 15: Diversified financing resources
Diversified financing resources Debt repayment schedule (€m) → Reimbursement of a €700m 1,100 senior bond in January 2025 900 Reimbursement on → Issuance of a €400m hybrid bond 1.5 % January 20th, 2025 in May 2025 (4.25% rate, first call 700 700 option date in 2030) 1.5% 4.25% 500 500 → Average matu
Slide 16: Second quarter 2025 results
Second quarter 2025 results Extract from « Second quarter 2025 results and outlook » presentation (31 July 2025) Arkema - Roadshow Presentation - September 2025 16
Slide 17: Q2'25 financial highlights
Q2’25 financial highlights → Down 2.3% YoY at constant exchange rates • Volumes slightly down 1.3% in a demand environment broadly disappointing in Europe and the US, and positively oriented in Asia €2,395m sales • Weak demand in most end-markets, however growth in several attractive sectors such as
Slide 18: Key figures
Key figures in €million Q2’25 Q2’24 Change H1’25 H1’24 Change Sales 2,395 2,536 -5.6% 4,776 4,877 -2.1% EBITDA 364 451 -19.3% 693 801 -13.5% Specialty Materials 333 390 -14.6% 664 732 -9.3% Intermediates 54 84 -35.7% 78 123 -36.6% Corporate -23 -23 -49 -54 EBITDA margin 15.2% 17.8% 14.5% 16.4% Speci
Slide 19: Sales impacted by macroeconomic and geopolitical uncertainties
Sales impacted by macroeconomic and geopolitical uncertainties -1.3% -2.5% -3.3% +1.5% Broadly disappointing Market conditions Depreciation of Integration of Dow’s demand environment and geographical the US dollar and laminating adhesives in Europe and the US mix certain Asian business in most end-m
Slide 20: Adhesive Solutions (30% of Group sales in Q2'25)
Adhesive Solutions (30% of Group sales in Q2’25) Key figures Highlights Q2’25 in €m Q2’25 Q2’24 Change H1’25 H1’24 Change → 8.0% positive scope effect corresponding to Sales 716 706 +1.4% 1,431 1,386 +3.2% the acquisition of Dow’s laminating adhesives EBITDA 103 109 -5.5% 202 214 -5.6% EBITDA margin
Slide 21: Advanced Materials (38% of Group sales in Q2'25)
Advanced Materials (38% of Group sales in Q2’25) Key figures Highlights Q2’25 in €m Q2’25 Q2’24 Change H1’25 H1’24 Change → Volumes significantly up 5.7% Sales 917 918 -0.1% 1,811 1,796 +0.8% • Progress in most of the segment’s businesses EBITDA 177 190 -6.8% 351 352 -0.3% • Strong dynamic in High P
Slide 22: Coating Solutions (24% of Group sales in Q2'25)
Coating Solutions (24% of Group sales in Q2’25) Key figures Highlights Q2’25 in €m Q2’25 Q2’24 Change H1’25 H1’24 Change → Volumes down 6.6% Sales 565 648 -12.8% 1,172 1,263 -7.2% • Weak demand environment, notably in EBITDA 53 91 -41.8% 111 166 -33.1% industrial coatings and construction markets •
Slide 23: Intermediates (8% of Group sales in Q2'25)
Intermediates (8% of Group sales in Q2’25) Key figures Highlights Q2’25 in €m Q2’25 Q2’24 Change H1’25 H1’24 Change Sales 188 254 -26.0% 345 412 -16.3% → Volumes down 9.0% • Impacted by refrigerant gases EBITDA 54 84 -35.7% 78 123 -36.6% EBITDA margin 28.7% 33.1% 22.6% 29.9% REBIT 47 74 -36.5% 63 10
Slide 24: Solid cash generation
Solid cash generation in €million Q2’25 Q2’24 H1’25 H1’24 EBITDA 364 451 693 801 Taxes -40 -54 -73 -93 → Financial result Cash items included in the financial results -30 -12 -53 -26 Lower return on investment Change in working capital and fixed assets payables (1) -23 -76 -329 -331 products in 2025
Slide 25: Net debt evolution
Net debt evolution in €million 2.5x LTM EBITDA 296 27 37 7 -28 Dividend : €272m Interests paid on hybrid bonds : €24m 3,580 3,241 31/12/2024 Rec. Rec.cash flow cash Exceptional M&A M&A Dividends & FXFX andand others 30/06/2025 31/12/2024 Exceptional items Dividends & Hybrid… H1'25 flow items Hybrid
Slide 26: H2'25 ongoing operational priorities
H2’25 ongoing operational priorities Strong focus on Strengthening our portfolio cash and costs of Specialty Materials €100m Ongoing ramp-up of our Fixed and variable cost savings already started major projects targeted in 2025 to offset inflation (double the original target) Start-up of our unit of
Slide 27: Outlook FY'25
Outlook FY’25 The start of the second half follows the trend of recent months, within a macroeconomic environment marked by continuing weakness in demand, geopolitical uncertainties and unfavorable evolution of exchange rates relative to the euro In this context, Arkema is focusing as a priority on
Slide 28: 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