Solvay : Full year 2021 Results - Webcast presentation (pdf)

Full year 2021 Results

Dr. Ilham Kadri

CEO and President of the Executive Leadership Team of Solvay

Karim Hajjar

					Philippe Kehren
February 23, 2022
			President of Soda Ash & Derivatives

Forenote

This presentation may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this presentation is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&D projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements.

Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

This document does not constitute an offer to sell, or the solicitation of an offer to subscribe for or buy, any securities.

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Full year 2021 Earnings

Health and safety remain our top priority

Measures in place

Likely cases quarantine

Confirmed cases

● Safety measures for all our employees ● Responsible business travel policy

Solvay Solidarity Fund

● €6.4 million to date (individuals and community support)

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Full year 2021 Earnings

Making meaningful progress on the climate

RESOURCES CLIMATE

Target

Align GHG emissions with Paris Agreement and SBTi (a)

Phase out coal wherever renewable alternatives exist

Reduce negative pressure on Biodiversity

Increase sustainable solutions, % of Group sales

Increase circular economy, % of Group sales

Reduce non-recoverable industrial waste (a)

Reduce intake of freshwater

2021

11Mt

27

(1 plant

exiting coal)

-13%

53% (b)

5%

58 kt

315 Mm³

Comment

Achieved 11% in aggregate versus 6.6% Paris Agreement

Exit announced at Rheinberg in 2020, at Dombasle in 2021, first step at Devnya in 2022

Volume growth more than offset by improved eco-profile accuracy

Improved eco-profile and increased number of sustainable solutions

Long term projects with expected results as from 2023

Projects initiated in 2020 starting to deliver

Volume growth compensated by greater efficiency

Progress	2030
versus 2018	targets
-14%	Reduce by 30%
-11% structural	(-2.5%/yr)
-18%	Achieve 100%
(petajoule)
-24%	Reduce by 30%
+3pp	Achieve 65%
+1pp	More than double
-34%	Reduce by 30%
-5%	Reduce by 25%

Safety with a zero accident policy (MTAR indicator) (a)

0.43

Reversal consistent with industry trends, action plan on globalizing near misses

-16%	Aim for zero

BETTER LIFE

Accelerate DEI, parity in mid & senior management

Extend paternity leave time

25% Launched Solvay One Dignity 9 goals

16 weeks policy open to all co-parents regardless of orientation since January 2021

+1.3pp	Achieve 50% by 2030
implemented	16 weeks by 2021

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		(a) Restated due to change in methodology/scope
	(b) Effective 2022, the CO2 price was increased from €75 to €100 per metric ton CO2 eq.
Full year 2021 Earnings		as a consequence, the level for 2021 will be restated to 50%.

ESG credentials widely recognized

AA rating

"Medium risk"

Recognition

on a scale from

on Biodiversity

AAA-CCC

Member of FTSE4Good

B rating		#5 in the sector
Prime company

Top 1%		A- CDP Climate Change

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Full year 2021 Earnings