H1 2021 Results and Outlook

THE "TRANSFORM & GROW" OBJECTIVE OF A 100 BPS MARGIN IMPROVEMENT HAS BEEN ACHIEVED EARLIER THAN EXPECTED AND SIGNIFICANTLY EXCEEDED Change in operating margin 10/ 2018 7.7% Portfolio +60 bps Divestment of under-performing assets, acquisition of fast-growing and profitable assets Cost structure +60 bps T&G cost savings Volumes & mix +60 bps Volume growth, High Performance Solutions mix effect, currency effect Normalized last 12 months (at end-June 2021) 9.5% Exceptional +90 bps Price/cost spread, discretionary savings, post-coronavirus volume catch-up effects Published last 12 months 10.4% Operating margin at 10.0% in H2 2020 and 10.7% in H1 2021 (at end-June 2021) H1 2021 RESULTS AND OUTLOOK SAINT-GOBAIN

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