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ARKEMA INNOVATIVE CHEMISTRY Arkema : Second - quarter 2021 results 1/7 PRESS RELEASE Colombes , 29 July 2021 The Group recorded excellent earnings growth in the second quarter , notably with EBITDA up 67 % compared to 2020 and above the pre - crisis level of 2019 . This performance was driven by Specialty Materials ( ¹ ) , which benefited from strong demand for innovative , sustainable materials and from its unique positioning to support global megatrends . In this context , and in light of the quality of the performance achieved in the first half of the year , Arkema is once again significantly increasing its financial targets for 2021 . • • Group sales of € 2.4 billion , up 34.6 % versus 2020 and up 12.1 % versus 2019 at constant scope and currency : ✓ ✓ Significant growth in volumes ( + 17.1 % vs. Q2'20 and + 3.0 % vs. Q2'19 ) , driven by high demand in most end markets and the strong dynamic of new developments 17.5 % increase in selling prices on average compared to the prior year , reflecting the Group's ability to offset the very marked rise in raw materials and energy costs Sharp acceleration in the benefits of sustainable innovation , particularly in the fast - growing batteries , bio - based materials , 3D printing , electronics and environmentally friendly paints markets EBITDA of € 478 million , up 67.1 % compared to Q2'20 , and a historically high EBITDA margin of 20.0 % : ✓ Strong growth in the three segments that constitute Specialty Materials , which recorded EBITDA of € 417 million , up nearly 80 % versus Q2'20 and 37 % versus the pre - Covid reference of Q2'19 Intermediates ' EBITDA of € 87 million , up 31.8 % despite a negative scope effect related to the PMMA divestment on 3 May 2021 , benefiting from more favorable market conditions than in the prior year , which was marked by the health crisis Adjusted net income up almost threefold to € 267 million , representing € 3.50 per share Net debt of € 1.28 billion ( including € 700 million in hybrid bonds ) , representing 0.9x last - twelve - months EBITDA and including € 1.1 billion in gross proceeds from the PMMA divestment , € 191 million in dividend payments and a € 300 million commitment relating to the share buyback program launched at the end of May Continuation of the strategy to refocus on Specialty Materials , with the finalization of the PMMA divestment and the acquisitions of Edge Adhesives and Agiplast Full - year guidance significantly raised ; for 2021 , Arkema is now targeting around 30 % growth in Specialty Materials ' EBITDA relative to 2020 at constant scope and currency ( 2 ) , which would result in Group EBITDA of around € 1.4 billion , excluding a systemic resumption of the health crisis Following Arkema's Board of Directors ' meeting held on 28 July 2021 to approve the Group's consolidated financial statements for the first half of 2021 , Chairman and CEO Thierry Le Hénaff said : " Arkema's employees can be proud of the performance achieved in the second quarter and I'd like to take this opportunity to thank them warmly for their contribution . We expected the results to be significantly above 2020 levels . But very sharply outperforming 2019 , particularly in Specialty Materials , is a great achievement that ( 1 ) Specialty Materials includes the following three segments : Adhesive Solutions , Advanced Materials and Coating Solutions ( 2 ) With the assumption of a € / $ exchange rate of 1.2 for 2021 , the impact on 2020 EBITDA is estimated at a negative € 30 million for Specialty Materials and a negative € 10 million for Intermediates Arkema 420 , rue d'Estienne d'Orves - F - 92705 Colombes Cedex - France Tel : +33 1 49 00 80 80 - Fax : +33 1 49 00 83 96 A French société anonyme ( joint stock corporation ) with share capital of € 767,364,760 - Registered in Nanterre : RCS 445 074 685 arkema.com