Arkema Sa · EURONEXT:AKE
Arkema Sa — BNP PARIBAS EXANE 28th CEO Conference 2026
37 slides from Arkema Sa's conference presentation, Jun 3, 2026
Slide 1: BNP Paribas Exane 28th CEO Conference
Thierry Le Hénaff Chairman and CEO BNP PARIBAS EXANE 28th CEO CONFERENCE 3 June 2026 – Paris, 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” BNP PARIBAS EXANE 28th CEO conference - June 2026 2
Slide 3: Arkema 2025 overview
Arkema 2025 overview A leader in Specialty Materials with Markets a balanced geographical footprint Building & Construction 38% 34% 27% General Industry €9.1bn 26% sales 24% 28% 30% 33% Consumer goods & Electronics 22% 8% 5% Adhesive Solutions Advanced Materials Europe North America Transportation &
Slide 4: 2025 key takeaways
2025 key takeaways EBITDA within the guidance range in a weak demand environment in the US and Europe, €1,251m while Asia remained more dynamic Group EBITDA Good resilience of Specialty Materials 13.8% overshadowed by the cyclical impact of acrylics Group EBITDA margin and the decline of old-generat
Slide 5: Acceleration of cost saving initiatives
Acceleration of cost saving initiatives Expecting to deliver 2028 cost savings target Streamlining and simplification two years in advance of the organization €250m Reorganization of Reduction of 2028 target Jarrie and Pierre-Bénite discretionary expenses sites in France in 2025 2026 target ~€90m €1
Slide 6: Ongoing ramp up of our major projects
Ongoing ramp up of our major projects EBITDA contribution of major projects CAPEX €310m Bio-based Amino 11 and PA11 (Singapore, China) €260m PVDF for batteries, cables and semiconductors (China & US) UV curing resins for electronics and medical (China) €200m Additive for solar energy and polymers (C
Slide 7: Continuous execution of growth projects
Continuous execution of growth projects PVDF Rilsan® Clear China Singapore Successful start-up +20% in early 2026 of Changshu site x3 Arkema’s global PVDF capacity Rilsan® Clear capacity Strong and accelerating demand across PVDF Asia-Pacific in all United States key markets Scheduled to start up mi
Slide 8: Ongoing momentum in key attractive markets
Ongoing momentum in key attractive markets Launch of a One Arkema datacenter platform Targeting > €100m sales in 2030 Wide range One Arkema Ultrafine High performance Thermoplastic Fluorospecialties of applications portfolio in specialty and bio-based elastomers and for thermal EV and ESS powders fo
Slide 9: Acceleration in next-generation batteries
Acceleration in next-generation batteries Strategic partnerships Solvent-free in battery separators battery electrodes Two partnerships signed in 2025 Inauguration in 2025 of a laboratory with Semcorp and Senior, global dedicated to an innovative process leaders in battery separator technologies Dry
Slide 10: Innovation driving growth and differentiation more than ever
Innovation driving growth and differentiation more than ever Focus on sustainable innovation 1,800 Polyimide film researchers in aerospace • Zenimid polyimide film Solvent-free PU adhesives used in rollable solar array Enhancing recyclability €1.2bn for satellites of flexible packaging Sales from pr
Slide 11: Strong achievements in non-financial performance in 2025
Strong achievements in non-financial performance in 2025 Sustainable solutions Safety Environment Significant progress Solid level maintained Continuous decrease of ImpACT+ score on workforce safety of GHG emissions 57% of sales TRIR at 0.8 -48.7% on Scopes 1+2 vs 2019 2030 target : 60% 2030 target
Slide 12: Our employees at the heart of our strategy
Our employees at the heart of our strategy 84% 9.7% of employees satisfied with of Arkema shares the Group as a place to work held by employees (Arkema Cares at 31 December 2025 internal satisfaction survey – 72% for industry benchmark) Top Employer Commitment certification renewed to diversity1 in
Slide 13: A continuous improvement of our non-financial ratings
A continuous improvement of our non-financial ratings = Prime status AA rating A B- rating on Climate change A- on Water security Top 2% of the sector BNP PARIBAS EXANE 28th CEO conference - June 2026 13
Slide 14: Consistent dividend policy
Consistent dividend policy Dividend (1) (€/share) Dividend per share €3.60 approved at the AGM on 21 May 2026 Total dividend 3.0 3.4 3.5 3.6 3.6 c.€270m representing around 70% of 2025 free cash flow Annual growth 2021 2022 2023 2024 2025 5%/y of the dividend since 2021 (1) Dividend per fiscal year
Slide 15: 2026 debt maturities refinanced
2026 debt maturities refinanced 1,100 Issuance of a €500m green bond in September 2025 900 (3.5% rate, 8-year maturity) 1.5% 700 4.25% Called on 21 January 2026 500 500 500 Extended debt1 maturity 400 0.75% 3.5% 3.5% to 4.4 yrs at end-2025 400 400 300 300* 4.8% 4.25% 3.5% 1.5% 0.125% Average coupon1
Slide 16: Outlook
Outlook A key priority of the Group is to address the impacts of the Middle East conflict and adjust its pricing policy to offset the inflation of raw materials, energy and logistics costs while remaining attentive to other potential effects of this crisis, including on global demand This situation
Slide 17: Revised segmentation from 2026
Revised segmentation from 2026
Slide 18: New segmentation to better reflect Specialty Materials' dynamics and performance
New segmentation to better reflect Specialty Materials’ dynamics and performance Specialty New segmentation Materials starting in 2026 85% 38% 3 Specialty Materials segments • Resilient and structurally growing platforms • Central to Arkema’s long-term value creation 2025 17% sales Primary Materials
Slide 19: Revised segmentation – Effective from 2026
Revised segmentation – Effective from 2026 ADHESIVE SOLUTIONS ADVANCED MATERIALS COATING SOLUTIONS PRIMARY MATERIALS • Sales : €2.7bn • Sales : €3.4bn • Sales : €1.5bn • Sales : €1.4bn • EBITDA : €365m • EBITDA : €658m • EBITDA : €181m • EBITDA : €133m High Construction & Industrial Performance Coat
Slide 20: Solid resilience of Specialty Materials
Solid resilience of Specialty Materials New segmentation EBITDA evolution over 2019-25 (€m) Mid-term New Specialty Materials outlook Key figures 17.1% 15.7% 15.0% 210 bps Acrylics expected EBITDA margin range to rebound from current low cycle over 2019-25 period conditions -5% Limited EBITDA decreas
Slide 21: High cash generation from acrylic monomers over the cycle
High cash generation from acrylic monomers over the cycle A high cash return business facing increased volatility Key strengths €1.3 bn EBITDA evolution (EU/US) Strong commercial cumulative cash1 positions since 2010 with limited M&A (<€300m) World-scale industrial sites in the 3 regions with a focu
Slide 22: Refrigerant gases accelerating towards next generation
Refrigerant gases accelerating towards next generation EBITDA evolution over 2020-25 (€m) €750m cash generation1 from legacy refrigerants since 2020 (CMD) Legacy refrigerants largely expected to phase out around 2030 Next-generation, low GWP solutions benefiting from innovation and broadened offerin
Slide 23: A significant value creation over 20 years
A significant value creation over 20 years
Slide 24: A unique portfolio transformation since May 18th 2006
A unique portfolio transformation since May 18th 2006 Refocusing on Specialty Materials and rebalancing geographical footprint 2005 2025 €5.7bn sales €9.1bn sales 28 acquisitions Acquisitions €5.5bn sales Segments 36% Specialty Materials 85% Primary Materials 20 disposals Disposals €3bn sales Region
Slide 25: Major improvement of Arkema's financial performance over 20 years
Major improvement of Arkema’s financial performance over 20 years EBITDA EBITDA margin Arkema’s total shareholder return x 3.5 €1 €3.7 13.8% invested at on May 18th spin-off 2026 6.2% Share price evolution 2005 2025 2005 2025 (from May 18th 2006 to May 18th 2026) Free Cash Flow Dividend per share +1
Slide 26: Strong focus on non-financial performance
Strong focus on non-financial performance Safety Climate plan 1.5°C targets for 2030 Injury validated by SBTi Rate per million hours worked on Scopes 1 + 2 emissions 11.3 -67% in 2025 vs 2013 Sustainable offer 0.8 57% of sales 2005 contributing positively to UN’s SDGs 2005 2012 20152017 2025 2025 in
Slide 27: First quarter 2026 results
First quarter 2026 results Extract from « First quarter 2026 results and outlook » presentation (6 May 2026) BNP PARIBAS EXANE 28th CEO conference - June 2026 27
Slide 28: Q1'26 financial highlights
Q1’26 financial highlights → Stable Group volumes versus last year: • Growth across all Specialty Materials segments and improvement in March after a slow start to the year €2,182m sales • Contrasting dynamics by region, with ongoing growth in Asia in Specialty Materials while overall demand in Euro
Slide 29: Key figures
Key figures in €million Q1’26 Q1’25 Change Sales 2,181.8 2,380.7 -8.4% EBITDA 282.7 328.6 -14.0% Specialty Materials 278.4 324.1 -14.1% Primary Materials 32.8 30.7 +6.8% Corporate -28.5 -26.2 EBITDA margin 13.0% 13.8% Specialty Materials 14.9% 16.2% Primary Materials 10.7% 8.2% Recurring operating i
Slide 30: Sales supported by stable volumes
Sales supported by stable volumes Sales in €million -0.2% -3.0% -5.1% Ongoing growth in Asia Lower prices YoY, in Specialty Materials reflecting lower Devaluation of the raw materials in US dollar against the continuity of the euro Volumes up around Q4’25 15% in key attractive markets More Asian wei
Slide 31: Adhesive Solutions (31% of Group sales)
Adhesive Solutions (31% of Group sales) Key figures Highlights in €m Q1’26 Q1’25 Change Sales 671.0 715.2 -6.2% → Volumes slightly up 0.4% EBITDA 88.5 98.7 -10.3% • Strong growth in Asia while demand remained weak in NA and Europe EBITDA margin 13.2% 13.8% • Improvement in adhesives for durable REBI
Slide 32: Advanced Materials (37% of Group sales)
Advanced Materials (37% of Group sales) Key figures Highlights in €m Q1’26 Q1’25 Change → Volumes up 1.6% Sales 806.2 857.8 -6.0% • Benefit from the Group’s innovation strategy and development in several key attractive EBITDA 139.0 174.6 -20.4% markets EBITDA margin 17.2% 20.4% • Progressive ramp-up
Slide 33: Coating Solutions (18% of Group sales)
Coating Solutions (18% of Group sales) Key figures Highlights in €m Q1’26 Q1’25 Change → Volumes up 3.1% Sales 391.0 423.2 -7.6% • Strong dynamic in March EBITDA 50.9 50.8 +0.1% EBITDA margin 13.0% 12.0% • Significant growth in Asia in particular in UV curing resins REBIT 35.9 34.7 +3.5% → Prices do
Slide 34: Primary Materials (14% of Group sales)
Primary Materials (14% of Group sales) Key figures Highlights in €m Q1’26 Q1’25 Change Sales 306.2 376.1 -18.6% → Volumes down by 8.7% and prices by 5.0% • Weak demand and lower prices than last EBITDA 32.8 30.7 +6.8% year in acrylic monomers EBITDA margin 10.7% 8.2% REBIT 1.7 -2.4 → EBITDA slightly
Slide 35: Cash flow supported by an improved working capital ratio
Cash flow supported by an improved working capital ratio in €million Q1’26 Q1’25 EBITDA 282.7 328.6 Taxes -21.9 -32.6 → Q1’26 tax rate 20.0% of REBIT Cash items included in the financial result -26.7 -23.2 (excl. exceptional items) Change in working capital and fixed assets payables (1) -249.5 -306.
Slide 36: Disclaimer
Disclaimer Unless otherwise stated, amounts disclosed in the tables are presented in millions of euros, rounded naturally to one decimal. Slight differences may appear between calculations performed using these amounts and the totals shown. Data relating to the year 2025 are now presented using this
Slide 37: arkema.com
arkema.com