Page 1

سابكـ وتحاكي SABIC Third Quarter 2021 Earnings Third Quarter 2021 Highlights : • • . . Revenue of SAR 43.70 billion [ $ 11.65 billion ] , a 3 % increase quarter - over - quarter and a 49 % increase year - over - year . EBITDA of SAR 11.20 billion [ $ 2.99 billion ] , an 18 % decrease quarter - over - quarter and a 98 % increase year - over - year . Income from operations of SAR 7.70 billion [ $ 2.05 billion ] , was 23 % lower than the income from operations of SAR 10.06 billion [ $ 2.68 billion ] in the previous quarter compared with the income from operations of SAR 2.10 billion [ $ 0.56 billion ] in the third quarter of 2020 . Net income of SAR 5.59 billion [ $ 1.49 billion ] was 27 % lower than the net income of SAR 7.64 billion [ $ 2.04 billion ] in the previous quarter compared with the net income of SAR 1.09 billion [ $ 0.29 billion ] in the third quarter of 2020. There were no material non - recurring charges in the third quarter of 2021 . $ 350 million of value creation ( SABIC's share ) achieved during the first nine months of 2021 . This translates into $ 445 million of cumulative value creation ( SABIC's share ) achieved since the closure of transaction with Saudi Aramco ( acquisition of a 70 % stake in SABIC on 16th June 2020 ) . • Committed to Carbon Neutrality by 2050 on Scope 1 & 2 emissions . Comparisons with the third quarter of 2021 are available in the following table : Table 1 - Summary Financial Results Item Sep. 30 , Three Months Ended Jun . 30 , Nine Months Ended 2021 2021 Change % Sep. 30 , Sep. 30 , Change 2021 2020 % Revenue 43.70 42.42 3 % 123.65 84.11 47 % EBITDA¹ 11.20 13.63 -18 % 35.21 13.52 160 % Income ( loss ) from operations 7.70 10.06 -23 % 24.69 0.78 3065 % Net Income ( loss ) ² 5.59 7.64 -27 % 18.10 -2.18 926 % Earnings ( Loss ) Per Share² 1.86 2.55 -27 % 6.03 -0.73 926 % Free Cash flow 8.09 5.16 57 % 17.99 5.36 236 % All amounts in SAR billion unless otherwise stated , USD / SAR conversion used is 3.75 . Certain figures and percentages included in this document have been subject to rounding adjustments . Income from operations plus depreciation , amortization and impairment . 2Attributable to equity holders of the parent . 1