Slides
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Third-quarter 2026 results and outlook 05/11/2026
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Q3’26 key figures 05/11/2026Third-quarter 2026 results and outlook 2 Up significantly by 8.1% YoY Sales €2,364m +7.0% YoY EBITDA margin 14.1% EBITDA €332m Adj. EPS €1.23 (+23% YoY) Adjusted net income €93m Slight decrease of net debt and hybrid bonds Recurring cash flow €129m
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Q3’26 main takeaways 05/11/2026Third-quarter 2026 results and outlook 3 Sales significantly up by 8.1% YoY, supported by higher prices and resilient volumes in an overall weak demand environment, reflecting better volumes in the US, difficult conditions in Europe and softer demand trend in Asia Specialty Materials volumes up 1.7%, benefiting from the positive momentum in attractive markets such as batteries, water management and adhesives for durable goods notably in aerospace and transportation Further price adjustments to offset the surge in energy costs and continued raw material cost inflation EBITDA up 7% YoY to €332m, reflecting the strength of our Specialty Materials portfolio, and robust EBITDA margin stable at 14.1% On track to deliver on our 2026 operational priorities namely achieving €50m additional EBITDA from our major projects, offsetting fixed cost inflation and managing capex below €600m
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On track to deliver on our 2026 operational priorities 05/11/2026Third-quarter 2026 results and outlook 4 Capex Objective of Capex < €600m in 2026 Working capital Tight management in an inflationary context Target to deliver 3% decrease in 2026 Cost savings In line with the target of offsetting fixed cost inflation over the full year €55m YTD 2026 €301m YTD 2026 vs €371m YTD 2025 Headcount -2.1% vs 31.12.2025 16.9% of annualized sales at end Q3’26 vs 17.3% at end Q3’25
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Lower energy intensity mitigating energy price volatility 05/11/2026Third-quarter 2026 results and outlook 5 Energy intensity (GWh/€m of EBITDA) 2025 data Panel : BASF, Clariant, Evonik, Lanxess, Solvay, Syensqo, Wacker 30% 17% Arkema European panel Europe accounts for c.40% of total energy consumption, mainly in France Long-term agreements covering most of our electrical needs Share of low-carbon energy (%) 5.2 11.3 Arkema European panel 2025 data Panel : BASF, Clariant, Evonik, Lanxess, Solvay, Syensqo, Wacker … with above average share of low-carbon energy Strategic focus on Specialty Materials driving a less energy-intensive profile…
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Strong innovation drive in cutting-edge applications 05/11/2026Third-quarter 2026 results and outlook 6 Breakthrough in ultra-thin PI film • Thickness divided by 3 vs industry standard at constant performance • New ultra-thin PI film for AI, high-speed connectivity and advanced electronics Global Battery Center of Excellence • Triple the R&D center area and foster digitalization • Accelerate in current and next-generation technologies R&D network in China • Upgrade our Shanghai R&D center • Upcoming scale-up of Changshu battery center and new laboratory in Guangzhou
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Scope 3 GHG emissions (Mt CO2e) All remaining Scopes 1 & 2 GHG emissions (kt CO2e) Scope 1 GHG emissions (kt CO2e) Arkema manufacturing activity* 2050 net-zero targets validated by SBTi Services 05/11/2026Third-quarter 2026 results and outlook 7 of cumulative investments over the 2022-2035 period, contributing to the Group's decarbonizationUp to €400m * Production of “non-primary chemicals” according to SBTi Chemical Sector guidance Near-term targets (2035) Net-Zero by 2050 −90% Reduction of Scopes 1, 2 and 3 emissions vs 2019 Long-term targets -22.4% 1,315 1,020 2019 2035 2,302 496 2019 2035 -78.4% 153 48 2019 2035 -68.6% First company to be validated using new SBTi Chemical Sector guidance
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Starting from Arkema’s legacy portfolio Consistently building a global leader in Specialty Materials 05/11/2026Third-quarter 2026 results and outlook 8 Building the Coating Solutions platform Creating the Adhesive Solutions segment Coatex (2007), acrylic resins (2010), Sartomer (2011) Bostik (2015), Den Braven (2017), Ashland performance adhesives (2022), Dow laminating adhesives (2024) Divesting non-core and cyclical activities Cerexagri (2007), PVC (2012), Sunclear (2015), POF (2020), PMMA (2021), Febex (2023) Developing Advanced Materials Arrmaz (2019), Agiplast (2021), PIAM (54% - 2023) Investing in organic projects PVDF worldwide footprint, Thiochemicals platforms (US & Malaysia), PA11 (Singapore & China), Pebax (France & China), Sartomer (China) Solid foundations to sustain our profitable growth • High-end specialty portfolio • Balanced geographical footprint • Cutting-edge technologies • Strong employee commitment
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05/11/2026Third-quarter 2026 results and outlook 9 Our vision is shaped by the accelerating demand for high-performance materials “Be a leader in Specialty Materials, offering innovative and sustainable solutions to meet our customers’ current and future challenges” A SIGNATURE FOR A VISION
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05/11/2026Third-quarter 2026 results and outlook 10 Three complementary capabilities serving the One Arkema culture Creating and strengthening materials Bonding and assembling materials Protecting and modifying materials Advanced Materials Adhesive Solutions Coating Solutions
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Accelerate in key markets driven by megatrends 05/11/2026Third-quarter 2026 results and outlook 11 • Comprehensive portfolio of solutions along the value chain • Long lasting experience in China, coupled with a worldwide footprint • Cutting-edge innovation with an extensive network of R&D centers and partnerships with key players Batteries +15%/y* • Differentiated high-end materials portfolio notably PI films, fluoropolymers, electroactive polymers and UV curing applications • Exposure to future growth drivers in electronics such as 5G, flexible displays, data centers and artificial intelligence +12%/y* Advanced electronics • Lightweight, bio-based and recyclable materials, representing sustainable alternatives to conventional materials • Diversified end-markets like sports, eyewear, 3D printing and home appliances +15%/y* Sustainable lifestyle & goods * Arkema CAGR over 2020-26 period
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05/11/2026Third-quarter 2026 results and outlook 12 Broad One Arkema portfolio for inside and outside the cell Battery pack Battery cell Adhesive Solutions Advanced Materials Coating SolutionsOne Arkema Thermal management system Polytec PT, Bostik adhesives, PA11, PI Assembly Bostik adhesives Electrical Insulation PA11, Sartomer®, PI films Electrodes Kynar® PVDF, Incellion acrylic binder Separators Kynar® PVDF, Incellion acrylic binder Electrolytes Foranext®, Proionic Conductivity Graphistrength®
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Sartomer® UV acrylate materials for optical fiber coatings, enabling low signal loss Kynar® PVDF in overhead wire and cables with self extinguishing properties 05/11/2026Third-quarter 2026 results and outlook 13 Advancing our One Arkema data center platform Arkema enters Open Compute Project collaborative ecosystem Solid demand environment Flame retardant PA11 for cooling tubes and connectors, driven by accelerating metal-to-plastic substitution 2030 ambition > €100m sales • Increased engagement with data center industry stakeholders • Promote Arkema’s solutions for infrastructure and thermal management needs Adhesives for high-speed and power cables connectors Adhesive Solutions Advanced Materials Coating SolutionsOne Arkema
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The strength of One Arkema in action 05/11/2026Third-quarter 2026 results and outlook 14 HPP Adhesives Bio-based raw material derived from castor oil Instant-adhesive formulation and market expertise Arkema R&D Patented synthesis route for cyanoacrylate Internal collaboration to develop a high-performance adhesive, with 60% bio-based materials Cross-business innovation for efficient buildings and homes Combination of formulation and application expertise of Coating Solutions and Adhesive Solutions Fast Glue Ultra+: One Arkema innovation Bio-based solution with low carbon footprint Design of a high-performance bio-thickener for adhesives and sealants Leverage bio-based supply chain and technological knowledge from PA11 to adhesives Rheology modifiers Adhesive Solutions Castor oil and derivatives
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05/11/2026Third-quarter 2026 results and outlook 15 Outlook FY’26 Arkema is on track to deliver its full year 2026 guidance of a slightly higher year-on-year EBITDA at constant currencies Major projects +€50m EBITDA vs 2025 Capex Below €600m Cost savings Offset fixed cost inflation Price increase Offset input cost inflation
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Detailed Q3’26 Results 05/11/2026
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Q3’26 financial highlights €332m EBITDA 14.1% EBITDA margin €93m adj. net income €3,513m net debt and hybrid bonds €2,364m sales → Solid recurring cash flow at €129m reflecting our actions to limit the impact of inflation on working capital → Slight decrease in net debt and hybrid bonds vs end-June 26, representing 2.8x EBITDA → EBITDA up 7.0% YoY, reflecting the strength of Specialty Materials portfolio, representing 90% of Group EBITDA • Good growth in Adhesive Solutions and significant increase in Coating Solutions while Advanced Materials were stable year-on-year • Primary Materials down on weaker market conditions in acrylic monomers • Continued focus on operational priorities and cost discipline, offsetting fixed cost inflation and continuing the smooth ramp up of its major project → Robust EBITDA margin stable at 14.1%, despite raw material costs inflation → Significantly up by 8.1% YoY • Higher prices and resilient volumes in a demand environment remaining weak overall • Better volumes in the US, difficult conditions in Europe and softer demand trend in Asia • Further price adjustments to offset the surge in energy costs and continued raw material cost inflation → Representing €1.23 per share 1705/11/2026Third-quarter 2026 results and outlook
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Key figures Sales EBITDA Specialty Materials Primary Materials Corporate EBITDA margin Specialty Materials Primary Materials Recurring operating income (REBIT) REBIT margin Adjusted net income Net debt and hybrid bonds in €million 1805/11/2026Third-quarter 2026 results and outlook Q3’26 Q3’25 Change 9m’26 9m’25 Change 2,364.2 2,186.9 +8.1% 6,973.9 6,963.2 +0.2% 332.3 315.7 35.4 -18.8 310.7 295.2 39.2 -23.7 +7.0% +6.9% -9.5% 1,005.8 946.1 126.0 -66.2 1,003.2 961.5 114.1 -72.5 +0.3% -1.6% +10.4% 14.1% 15.8% 9.9% 14.2% 16.0% 11.8% 14.4% 16.0% 12.0% 14.4% 16.4% 10.6% 156.8 141.4 +10.9% 494.4 499.5 -1.0% 6.6% 6.5% 7.1% 7.2% 93.0 75.5 +23.2% 286.7 293.8 -2.4% 3,513.5 3,403.2 3,513.5 3,403.2
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Q3'25 Volumes Prices Currency Scope Q3'26 Sales significantly up reflecting higher prices and resilient volumes +1.8% +0.6% +6.0% Sales in €million 19 2,3642,187 05/11/2026Third-quarter 2026 results and outlook Positive momentum in batteries, water management and adhesives for durable goods Specialty Materials volume up 1.7% with growth across all 3 segments Lower demand in acrylic monomers Appreciation of the US dollar and Chinese yuan against the euro Swift price adjustments to offset surge in energy costs and continued raw material cost inflation -0.3% Small plastic additives businesses divestment
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Adhesive Solutions (31% of Group sales in Q3’26) Construction & Consumer Industrial Assembly Key figures Highlights Q3’26 → 6.6% price increase, up across all segment activities in response to input cost inflation → Volumes up 0.8% driven by industrial adhesives • Favorable trend in durable goods in NA, particularly in aerospace, transportation and industrial applications • Construction market still challenging → EBITDA at €100m, significantly up by 8.6%, and EBITDA margin stable at 13.7% • Improved product mix towards higher value-added solutions • Tight operational control over costs and pricing • Mechanical dilutive effect of price increases of around 80 bps on EBITDA margin 20 417.8 316.1 05/11/2026Third-quarter 2026 results and outlook +0.8%Volumes Prices Currency Scope +6.6% +1.3% - Q3’26 sales development in €m Q3’26 Q3’25 Change 9m’26 9m’25 Change Sales 733.9 674.7 +8.8% 2,140.4 2,105.7 +1.6% EBITDA 100.3 92.4 +8.6% 299.9 294.6 +1.8% EBITDA margin 13.7% 13.7% 14.0% 14.0% REBIT 72.7 66.1 +9.9% 218.1 216.9 +0.6% Q3’26 sales by Business Line
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Advanced Materials (37% of Group sales in Q3’26) High Performance Polymers Performance Additives 440.5420.0 Key figures Highlights Q3’26 → 4.6% positive price effect reflecting input cost inflation → Volumes up 1.6% • HPP benefiting from positive momentum in batteries for EV and ESS, cables and sustainable consumer goods • Ongoing ramp-up of new capacities • Subdued volumes in Performance Additives due to the situation in the Middle East → EBITDA at €163m and EBITDA margin at the good level of 19.0% • Solid performance in HPP supported by new business development driven by megatrends • Challenging environment for Performance Additives 2105/11/2026Third-quarter 2026 results and outlook in €m Q3’26 Q3’25 Change 9m’26 9m’25 Change Sales 860.5 797.0 +8.0% 2,538.8 2.554,3 -0.6% EBITDA 163.3 160.4 +1.8% 465.2 522.6 -11.0% EBITDA margin 19.0% 20.1% 18.3% 20.5% REBIT 68.8 66.9 +2.9% 188.5 252.5 -25.3% +1.6%Volumes Prices Currency Scope +4.6% +1.7% - Q3’26 sales development Q3’26 sales by Business Line
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Coating Solutions (17% of Group sales in Q3’26) 222.2 182.3 Coating Resins Coating Additives Highlights Q3’26 → Prices up 4.8% including a negative 5.0% mechanical effect linked to the transition of certain activities to manufacturing agreements → Volumes up 3.3% • Significant ongoing growth of Sartomer in Europe and the US, notably in industrial coatings, electronics and medical • Positive trend in rheology additives and broadly stable resins → 1.8% negative scope effect, linked to the divestment of small plastic additives businesses → EBITDA significantly up at €52m and EBITDA margin improved to 12.9% • Confirming the positive Q2’26 trend in UV curing applications and rheology additives • Strict operational discipline 2205/11/2026Third-quarter 2026 results and outlook Key figures Q3’26 sales by Business Line +3.3%Volumes Prices Currency Scope +4.8% +1.9% -1.8% Q3’26 sales development in €m Q3’26 Q3’25 Change 9m’26 9m’25 Change Sales 404.5 373.4 +8.3% 1,217.9 1,199.1 +1.6% EBITDA 52.0 42.4 +22.7% 181.1 144.3 +25.4% EBITDA margin 12.9% 11.4% 14.9% 12.0% REBIT 36.8 26.9 +37.0% 136.2 97.3 +40.1%
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Primary Materials (15% of Group sales in Q3’26) Highlights Q3’26 → Prices up 9.6% • Higher acrylic monomer prices YoY following the rise in raw material costs resulting from the conflict in the Middle East → Volumes down 5.1% • Low demand in acrylic monomers, notably in Asia and Europe → EBITDA at €35m and EBITDA margin at 9.9% • Weak market conditions in acrylic monomers, with spreads returning to low levels in Asia and Europe • Modest YoY improvement of old-generation refrigerant gases 2305/11/2026Third-quarter 2026 results and outlook Key figures -5.1%Volumes Prices Currency Scope +9.6% +2.8% - Q3’26 sales development in €m Q3’26 Q3’25 Change 9m’26 9m’25 Change Sales 357.7 333.2 +7.4% 1,053.2 1,077.8 -2.3% EBITDA 35.4 39.2 -9.5% 126.0 114.1 +10.4% EBITDA margin 9.9% 11.8% 12.0% 10.6% REBIT -0.0 7.6 - 25.2 16.9 +49.2%
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Solid recurring cash flow 24 → Solid recurring cash flow reflecting our actions to limit the impact of inflation on working capital → Working capital ratio better than LY 16.9% of annualized sales at end-September 2026 (17.3% at end-September 2025) → Lower Capex than last year at €110m on the quarter 1. Excluding non-recurring items and impact of portfolio management in €million 05/11/2026Third-quarter 2026 results and outlook Q3’26 Q3’25 9m’26 9m’25 332.3 310.7 1,005.8 1,003.2 -26.9 -25.0 -98.5 -97.9 -29.5 -30.1 -87.1 -83.2 -32.4 94.3 -400.1 -235.0 -4.6 -12.2 -7.2 -36.0 238.9 337.7 413.0 551.2 -110.2 -130.9 -301.3 -371.3 128.7 206.8 111.7 179.9 -16.2 -22.3 -39.4 -59.2 112.5 184.5 72.3 120.7 0.3 2.5 -7.8 -4.8 112.8 187.0 64.5 115.9 EBITDA Taxes Cash items included in the financial results Change in working capital and fixed assets payables (1) Others Operating cash flow Recurring capital expenditures Recurring cash flow Non-recurring cash flow Free cash flow Net cash flow from portfolio management operations Net cash flow
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30/06/2026 Rec. cash flow Exceptionnals M&A FX and others Q2'26 Slight decrease of net debt over the quarter 30/06/2026 30/09/2026Rec. cash flow Exceptional items FX and others -128.7 2.8x LTM EBITDA 3,604.9 16.2 3,513.5 in €million 2505/11/2026Third-quarter 2026 results and outlook 21.4-0.3 M&A
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26 Disclaimer Unless otherwise stated, amounts disclosed in the tables are presented in millions of euros, rounded naturally to one decimal. Slight differences may appear between calculations performed using these rounded amounts and the totals and percentages shown. Data relating to the year 2025 are now presented using this new format and may therefore differ from previously published figures, which were calculated using data rounded to the nearest million euros. The information disclosed in this document may contain forward-looking statements with respect to the financial condition, results of operations, business and strategy of Arkema. In a context of significant geopolitical tensions, where the outlook for the global economy remains uncertain, the retained assumptions and forward-looking statements could ultimately prove inaccurate. Such statements are based on management’s current views and assumptions that could ultimately prove inaccurate and are subject to material risk factors such as (but not limited to) changes in raw material prices, currency fluctuations, and pace at which the cost-reduction projects are implemented, escalating geopolitical tensions, and changes in general economic and financial conditions. Arkema does not assume any liability to update such forward-looking statements whether as a result of any new information or any unexpected event or otherwise. Further information on factors which could affect Arkema’s financial results is provided in the documents filed with the French Autorité des marchés financiers. Definitions and reconciliation tables for the main alternative performance indicators used by the Group are provided in the “Arkema third-quarter 2026 results press release” available on Arkema’s website at: www.arkema.com/global/en/investor-relations/ 05/11/2026Third-quarter 2026 results and outlook
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