Slide 1: Second quarter 2025 results and outlook
Second quarter 2025 results and outlook 31/07/2025
Slide 2: Resilient EBITDA margin and solid cash generation in a challenging environment
Resilient EBITDA margin and solid cash generation in a challenging environment Sales Adj. net income €2,395m €118m -2.3% vs Q2’24 Adj. EPS €1.56 at constant FX Q2’25 key figures EBITDA margin Recurring cash flow 15.2% €111m EBITDA Net debt and hybrids 2.5x LTM EBITDA €364m Second quarter 2025 result
Slide 3: New attractive investment in bio-based PA11 value chain
New attractive investment in bio-based PA11 value chain New unit of transparent polyamide Key figures Rilsan® Clear in Singapore • Announced in July 2025 Around x3 Q1’26 • Bio-based high performance transparent polyamides Arkema $20m planned capacity investment start-up • Reinforced leading position
Slide 4: Incremental PVDF expansion in the US
Incremental PVDF expansion in the US Capacity expansion Investment announced in February 2025 in Calvert City (US) Increasing demand for locally manufactured high performance resins +15% US capacity Focus on attractive markets and applications • Lithium-ion batteries for EV and Energy Storage System
Slide 5: 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 6: Progress in rolling out our sustainable strategy
Progress in rolling out our sustainable strategy Biomethane supply Improved ISS ESG ratings agreement with ENGIE 4 sites Improved to B- (from C+), with an acknowledged high level of transparency in France 25 GWh/year Arkema considered as a Prime company 85% of the gas consumption of the major Bostik
Slide 7: Continuous refinancing of our debt
Continuous refinancing of our debt 1,100 → Reimbursement of a €700m senior bond in January 2025 900 Reimbursement on → Issuance of a €400m hybrid bond 1.5% January 20th, 2025 700 700 in May 2025 (4.25% rate, first call 1.5% 4.25% option date in 2030) 500 500 400 0.75% 400 400 3.5% → Average maturity
Slide 8: 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 9: 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 10: Detailed Q2 Results
Detailed Q2 Results 31/07/2025
Slide 11: 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 12: 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 13: 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 14: 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 15: 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 16: 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 17: 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 18: 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 19: 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 20: 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
Slide 21: arkema.com
arkema.com