Full-year 2024 results

• Sales of €9.5 billion, stable compared with 2023:
  • Volumes up 2.4% supported by growth in Specialty Materials in Asia
  • More favorable volume dynamics in certain markets such as sports, packaging, batteries and energy
  • Negative 3.0% price effect, reflecting a slight decrease in raw materials prices
• EBITDA of €1,532 million and EBITDA margin at 16.1%, slightly up compared to last year, benefiting from the Group's balanced geographical footprint and the quality of its portfolio of technologies:
  • Significant growth in Adhesive Solutions and High Performance Polymers, while results of Performance Additives and Coating Solutions were down
  • Contrasting trends between regions, with very strong growth in Asia, a relative stability in North America and a decline in Europe
• Adjusted net income of €616 million, representing €8.23 per share (€8.75 in 2023) and recurring cash flow of €419 million. Net debt and hybrid bonds of €3.2 billion at end-December, representing 2.1x EBITDA for the year
• A proposed dividend up 2.9% at €3.60 per share (€3.50 in 2023)
• Finalization on 2 December 2024 of the acquisition of Dow's flexible packaging laminating adhesives business, another important milestone in the development of the Adhesive Solutions segment
• Continued progress of CSR indicators, leading the Group to strengthen several 2030 targets, notably relating to Scope 3 greenhouse gas emissions

In a macroeconomic environment that remains uncertain and marked by weak demand at the start of the year, the Group will continue to rely on its balanced geographical footprint and the diversity of its end markets to benefit from the different regional dynamics and will continue its cost control actions, as well as the strict management of its operations.

Arkema has also strong development potential thanks to the major growth projects, in which it has recently invested. These include acquisitions in the polyimides sector with PIAM, and in the adhesives sector with Ashland and Dow, as well as the new production capacities in Advanced Materials to serve attractive markets such as bio-based consumer products, new energies, electrification, 3D printing or sports. Building on these projects and the respective dynamics of each region, the Group’s sales breakdown should continue to evolve and could reach in the long-term around 40% in North America, 35% in Asia and the rest of the world and 25% in Europe.

Based on these factors, the Group aims for its EBITDA to grow in 2025 and reach between €1.53 billion and €1.67 billion depending on the evolution of macroeconomic conditions, with a first quarter slightly below last year. The Group will benefit from the progressive ramp up during the year of its major projects in Specialty Materials, with a significant additional contribution of around €100 million EBITDA compared to 2024, while Intermediates are expected to decrease. The Group also plans to strongly increase its recurring cash flow to around 600 million euros in 2025.

Arkema will also continue to implement its strategic roadmap unveiled at the Capital Markets Day in September 2023, notably its innovation efforts and the development of high-performance solutions for a less carbon-intensive and more sustainable world, in partnership with its customers.

Further details concerning the Group's 2024 results are provided in the "Full-year 2024 results and outlook" presentation and the "Factsheet", both available on Arkema's website at: www.arkema.com/global/en/investor-relations/

The consolidated financial statements at 31 December 2024 have been audited, and an unqualified certification report has been issued by the Company's statutory auditors. These financial statements and the statutory auditors’ report have been posted on the Company’s website at: www.arkema.com/global/en/investor-relations/