Arkema Sa · EURONEXT:AKE
Arkema Sa — Shareholder Meeting (May 2025)
54 slides from Arkema Sa's shareholder meeting presentation, May 22, 2025
Slide 1: Arkema 2025 Annual General Meeting
Slide 2: 2024 Review
2024 Review
Slide 3: 2024 key figures
2024 key figures 2024 review €9.5bn 21,150 sales employees 16.1% 55 EBITDA margin countries €761m 157 capital expenditure production sites €278m 17 R&D expenditure R&D centers Annual General Meeting 2025 - 22 May 2025 3
Slide 4: Our employees at the heart of our action
Our employees at the heart of our action 2024 review TRIR Percentage of women Accidents per million hours worked In senior management and executive positions 2023 2024 2023 2024 0.9 0.8 29% 30% 2030 Target 2030 Target 0.7 35% PSER Percentage of Non-French Process safety events per million hours work
Slide 5: A Group driven by 3 complementary specialty segments and a balanced geographical footprint
A Group driven by 3 complementary specialty segments 2024 and a balanced geographical footprint review Advanced Materials Europe Specialty 37% 33% Materials 92 % Adhesives 29% 26% Coating Asia 27% 35% North Solutions America % of 2024 sales Annual General Meeting 2025 - 22 May 2025 5
Slide 6: Diversified and attractive end markets
Diversified and attractive end markets 2024 review 28% Building and construction 21% Consumer goods and electronics 12% Transportation and energy 27% 12% Health, water General industry and nutrition 2024 figures Annual General Meeting 2025 - 22 May 2025 6
Slide 7: A robust and resilient financial performance
A robust and resilient financial performance 2024 review Sales Comparative EBITDA margin evolution €9,544m 25% in 2024 €9,514m in 2023 20% Arkema (Specialty Materials) 15% EBITDA Peers1 €1,532m 10% in 2024 5% €1,501m in 2023 2018 2019 2020 2021 2022 2023 2024 1. HB Fuller, Sika, BASF, Clariant, Cove
Slide 8: An attractive return to shareholder
An attractive return to shareholder 2024 review Dividend1 (in €/share) Dividend² of €3.60 / share proposed for 2024 +10% per year in average over 3.4 3.5 3.6 the 2020-24 period 3.0 2.5 In line with the policy of steady increase of dividend 2020 2021 2022 2023 2024 1. Dividend allocated for the
Slide 9: 2024 highlights
2024 highlights
Slide 10: Acquisition of a leader in flexible packaging
Acquisition of a leader in flexible packaging 2024 highlights Dow laminating adhesives for A strong complementarity flexible packaging with Bostik Strengthening of the Bostik range with high value-added applications Proven technologies (solventless adhesives, heat resistant…) Positioning as a
Slide 11: Realization of the investment for Carling plant decarbonization
Realization of the investment for 2024 Carling plant decarbonization highlights An innovative process for A critical step acrylic acid purification successfully completed €130m 4 Total capex distillation columns installed - 25% 60 Site energy consumption meters long - 20% 150 Site CO2 emissions tonn
Slide 12: Our polymers at the heart of circular economy
Our polymers at the heart of circular economy 2024 highlights Partnership with A recyclable solution Authentic Material for 3D printing Bio-circular thermoplastic High recyclability composite materials for of Orgasol® PA12 powders high-end products Conservation of constant Made of recycled l
Slide 13: Launch of bio-based of bio-attributed adhesives
Launch of bio-based of bio-attributed adhesives 2024 highlights New Kizen LIME range > 80% of renewable ingredients Reduction of carbon footprint of packaging solutions Born2BondTM Ultra K85 60% of bio-based ingredients High performance adhesives for electronics market Fast Glue Ultra+ 60%
Slide 14: Reduction of carbon footprint in Coatings
Reduction of carbon footprint in Coatings 2024 highlights A leader in Technical textiles with Mass Balance offer lower carbon footprint Mass Balance ISCC+ Encor® range for protective certifications in the coatings for textiles 3 geographical areas Waterborne resins up to 30% bio-based Full r
Slide 15: Evolution of the Executive Committee composition
Evolution of the Executive Committee composition 2024 highlights Sophie Fouillat Tilo Quink Laurent Tellier Laurent Tellier Executive Vice-President Senior Vice-President Senior Vice-President Strategy Performance Additives High Performance Polymers and Fluorogases Annual General Meeting 2025 - 22 M
Slide 16: A Group recognized as an employer of choice
A Group recognized as an employer of choice 2024 highlights Once again certified Top Employer Europe for 2025 Member of Forbes ranking « World’s Top Companies for Certification in Women 2024 » 10 countries representing > 80% of collaborators Annual General Meeting 2025 - 22 May 2025 16
Slide 17: A renewed societal commitment
A renewed societal commitment 2024 highlights Alexis Hanquinquant, 8th year of the Pragati athlete sponsored by program for sustainable Arkema, paralympic triathlon castor farming in India champion in Paris 2024 Hundreds of children gain access to opera with Since 2019, Arkema has Arkema, patron of
Slide 18: Installation of the new headquarters in La Défense
Installation of the new headquarters in La Défense 2024 highlights A demonstration of Arkema’s know-how and innovations A modern ecosystem for the collaborators and Numerous sustainable solutions of stakeholders of the Group Arkema used in the building New showroom « Le Lab » showcasing Arkema’s
Slide 19: 2024 financial performance
2024 financial performance
Slide 20: 2024 key figures
2024 2024 key figures financial performance Sales Adjusted net income €9,544m €616m Stable vs 2023 8.23 € per share Net debt EBITDA and hybrid bonds €1,532m €3,241m 16.1% EBITDA margin 2.1x EBITDA 2024 Annual General Meeting 2025 - 22 May 2025 20
Slide 21: Adhesives Solutions (29% of Group sales)
Adhesives Solutions 2024 financial (29% of Group sales) performance Growth in demand in industrial 2024 adhesives, and construction market key figures stabilized at a low level Sales EBITDA Strong increase of EBITDA including the contribution €2,722m €412m of the latest acquisitions +0.3% vs 202
Slide 22: Advanced Materials (37% of Group sales)
Advanced Materials 2024 financial (37% of Group sales) performance Positive dynamics in Asia partially offset by the 2024 marked decline in Europe key figures Sales EBITDA Good growth in High Performance Polymers supported notably by €3,562m €707m the battery, sports, energy and medical markets
Slide 23: Coating Solutions (26% of Group sales)
Coating Solutions 2024 financial (26% of Group sales) performance Increase of volumes in the 2024 segment’s downstream activities key figures in particular in industrial coatings and electronics Sales EBITDA Development of high value-added €2,455m €301m solutions focused notably on +2.2 % vs 202
Slide 24: Intermediates (8% of Group sales)
Intermediates 2024 financial (8% of Group sales) performance 2024 Decline in volumes linked to the key figures quota mechanisms in refrigerant gases largely offset by the increase Sales in prices EBITDA €768m €198m Market conditions stabilized at -3.6% vs 2023 -7.0% vs 2023 a low point in acryli
Slide 25: A cash generation reflecting the finalization of major growth projects
A cash generation reflecting the finalization 2024 financial of major growth projects performance 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% 419 (in line with the 70% target)
Slide 26: Continuous debt refinancing
2024 Continuous debt refinancing financial performance 1,100 Refinancing of €400m of Reimbursement 900 hybrid bond in March 2024 on 20 January 1.5% 2025 700 700 Issuance of a €500m senior 1.5% 4.25% bond in September 2024 500 500 400 0.75% 400 3.5% Reimbursement of a 300 300 4.8% 3.5% €700m se
Slide 27: Key 1st quarter figures and 2025 outlook
2024 Key 1st quarter figures and 2025 outlook financial performance Sales 2025 Outlook €2,381m +1.7 % vs Q1 2024 Uncertain global economic environment marked by weak demand outside of Asia EBITDA Relying on its industrial footprint close to €329m customers in the three major regions of the world
Slide 28: Financial resolutions
2024 Financial resolutions financial performance Approval of the Company’s and consolidated financial statements for 2024 (1st and 2nd resolutions) Renewal of the share buyback authorization (12th resolution) Ceiling : 10% of the Company’s share capital for a maximum purchase price set at €130 per
Slide 29: Continuation of the strategy
Continuation of the strategy
Slide 30: A vision shaped by the accelerating demand for high-performance materials
A vision shaped by the accelerating demand Strategy for high-performance materials A SIGNATURE « Be a Specialty Materials leader, offering innovative and sustainable solutions FOR A VISION to address our customers’ current and future challenges Annual General Meeting 2025 - 22 May 2025 30
Slide 31: Specialty Materials for high-growth markets
Specialty Materials for high-growth markets Strategy 3 complementary segments To bring solutions to defined by unique capabilities 5 key high-growth markets nd strengthe eating a nin Sustainable Cr M g NCED ATER Green energy and Advanced lifestyle and VA IAL AD S electric mobility electronics goods
Slide 32: High density of projects in North America and Asia to support our ambition
High density of projects in North America and Asia Strategy to support our ambition Acquisitions Organic growth CAPEX Asia & Rest of the world PI Advanced Materials (54%) Bio-based Amino 11 and PA11 Additive for renewable energy PVDF for batteries UV curing resins for electronics and medic
Slide 33: Bio-based polymers at the heart of our growth projects
Bio-based polymers at the heart of our growth projects Strategy Startup of production of Amino 11 and Attractive end markets bio-based Rilsan® PA11 at Singapore in 2024 3D printing EBITDA Medical Investment1 €450m €100m/yr contribution at maturity Optics and eyewear Consumer Goods and electronics Cu
Slide 34: Startup of 3 attractive industrial investments during the 1st semester of 2025
Startup of 3 attractive industrial investments Strategy during the 1st semester of 2025 Fluorospecialty for building insulation New unit for 1233zd US$60m investment in Calvert City (US) Additive for biofuels and refining 35% increase of our global capacities of DMDS €130m investment in Beau
Slide 35: Growth opportunities confirmed for PI Advanced Materials
Growth opportunities confirmed for Strategy PI Advanced Materials Growth drivers New product +165% EBITDA High-value-added launches in mobile ultra-thin films in in 2024 vs 2023 devices (foldable, 5G) mobile and display Promising start of the year 2025 New certifications Market growth Growth in
Slide 36: PIAM solutions for diversified markets
PIAM solutions for diversified markets Strategy Films Flexible printed circuit boards Polyimide Copper Clad laminate Graphite sheet Insulation tape Smartphones EV / Battery Smart & foldable device Varnish Insulation tape OLED display Insulation Photo-sensitive PI Display Electric mot
Slide 37: Progress in new generation batteries
Progress in new generation batteries Strategy 450 M€ 450 M€ 450 M€ Stake acquisition Acquisition of 78% Partnership in Tiamat in Proionic with Prologium Pioneering start-up in new Leading start-up in the field of Collaboration in materials for generation sodium-ion ionic liquid for next generation n
Slide 38: Sustainable innovations for a changing world
Sustainable innovations for a changing world Strategy North Group programs on 245 America Europe Asia transversal themes, which new patent applications 5 7 5 filed in 2023 of which contribute to the decarbonization of our value chain > 90 % relating to sustainable development Lightweight materials a
Slide 39: Enhancing low-carbon materials combining performance and durability
Enhancing low-carbon materials combining Strategy performance and durability Performant and bio-based Powder coatings made from fertilizer coatings recycled material Fluidiram® et Dustrol® custom-made Solventless powder coatings including coating agents for fertilizers protection up to 40% of re
Slide 40: Specialty products for enhanced circularity
Specialty products for enhanced circularity Strategy Adhesives for efficient and Removable adhesives to enable recyclable packaging repair and recycling Bostik SF10M and M-Resin adhesives R3BOND® system for flooring applications for flexible food packaging 75% of bio-based materials and use
Slide 41: Specialty materials optimizing energy, resources and performance
Specialty materials optimizing Strategy energy, resources and performance Fast Glue Ultra+ Adhesive Internal co-development > 60% bio-based Castor plant 100% bio-based Sustainable Circular cosmetics Amino 11 economy Recyclable Bio-based Oleris® range Castor beans 100% bio-based Rilsan® PA11 Castor o
Slide 42: Strengthened 2030 targets on several CSR indicators
Strengthened 2030 targets on several CSR indicators Strategy Water withdrawals Scopes 1 & 2 GHG emissions Scope 3 GHG emissions (in million of cu.m) (in Mt CO2e) (in Mt CO2e) 109 3.7 -25% -27% 152 82 82 80 -42% -48.5% 2.1 1.9 Revised -54% Initial Initial Révisé 2019 2024 2030 2030 target 2030 203020
Slide 43: New long-term agreements for renewable energy supply
New long-term agreements Strategy for renewable energy supply Signing of several Biomethane supply Power Purchase Agreements agreement with ENGIE New agreements in 8-year contract for 25 GWh/year the US and China > 200 GWh/yr New agreements signed in 2024 Supply of 4 Bostik sites in France D
Slide 44: A CSR performance recognized by rating agencies and external labels
A CSR performance recognized by Strategy rating agencies and external labels A on climate change Rating B- Top 2% Rating A A- on water security vs 2023 vs 2023 vs 2023 vs 2023 European Responsible 19 ISCC+ Solar Impulse Efficient Numerous external Care Awards certifications Solutions labels awards f
Slide 45: Corporate Sustainability Reporting Directive
Corporate Sustainability Reporting Directive Strategy A lever in the service of sustainability at Arkema European 2017 2021 2024 Green Deal objectives NFRD(1) – Non- Environmental CSRD(2) 1 sustainability st Financial Reporting taxonomy report Directive Allocate capital flows Confirmation of the r
Slide 46: Governance
Governance
Slide 47: Composition of the Board of Directors
Composition of the Board of Directors Governance Composition as of 31 December 2024 Members renewal since 2021 has allowed to maintain a high level of independence, and enrich and diversify the Board of Directors’ 14 members (including the Chairman and CEO) competencies Complementarity of compet
Slide 48: Evolution of Board of Directors: reappointment proposals
Evolution of Board of Directors: Governance reappointment proposals (4th to 6th resolutions) Ilse HENNE Bpifrance Investissement Independent director Director Member of the Audit and Accounts Representative of Lac1 fund holding Committee 7.1% of share capital Senior executive international exp
Slide 49: Governance of the Board and committees
Governance of the Board and committees Governance Board of directors Audit and Accounts 100% Committee Attendance rate 6 meetings 97% Attendance rate 7 meetings including: Nominating, Compensation 100% and Corporate Governance Attendance rate 1 one-day seminar dedicated to strategy 1 executive s
Slide 50: Compensation policy for directors and compensation awarded in 2024
Compensation policy for directors Governance and compensation awarded in 2024 Compensation policy for directors (excluding Chairman and CEO) 7th resolution Continuation of the distribution methods approved by the general meeting of 2024 Board of Directors Committees Senior independent director M
Slide 51: Compensation policy for the Chairman and CEO
Compensation policy for the Chairman and CEO Governance (8th resolution) Policy approved by the general meeting in 2024 for 4 years by a vote of 94.91% Fixed annual €1,150k Company car, executive officer unemployment compensation Various assurance, Group personal risk and health insurance plan Up to
Slide 52: Elements of the 2024 compensation of the Chairman and CEO
Elements of the 2024 compensation of the Chairman and CEO Governance subject to approval (10th resolution) Amount Description Fixed Set for 4 years upon renewal of the term of office of the Chairman and Chief Executive Officer on 15 May 2024. remuneration €1,094,363* * In 2024 : determination in app
Slide 53: Performance shares (14th resolution)
Performance shares (14th resolution) Governance Target : involve more closely Maximum number of shares granted: Duration of authorization: executives and certain employees 1,650,000, i.e. nearly 2.2% of the share 38 months (approximately 1,700 beneficiaries) capital to the Group’s developmen
Slide 54: 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