Grow & Impact

STRENGTHENING OUR BALANCE SHEET 11.2 Net debt, €bn IFRS16 2.4 7.3 8.2 IFRS16 4.1 2018 GROW & IMPACT Net debt / EBITDA 1.2 1.2 2021 End-June 2022 2018 Launch of transformation 2021 Net debt/EBITDA ratio between 1.5x and 2.0x CMD target Saint-Gobain's credit rating upgraded from Baa2 to Baa1 by Moody's Standard & Poor's has also revised its outlook to positive AUGUST 2022 INVESTOR PRESENTATION 10 SAINT-GOBAIN

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