Why invest in Solvay? FORENOTE Following the announcement in - PowerPoint PPT Presentation

Why invest in Solvay?

FORENOTE Following the announcement in September 2017 of plans to divest the Polyamide business, these have been reclassified as discontinued operations and as assets held for sale. For comparative purposes, the first quarter of the 2017 income statement has been restated. Besides IFRS accounts, Solvay also presents underlying Income Statement performance indicators to provide a more consistent and comparable indication of the Group’s financial performance. The underlying performance indicators adjust IFRS figures for the non-cash Purchase Price Allocation (PPA) accounting impacts related to acquisitions, for the coupons of perpetual hybrid bonds, classified as equity under IFRS but treated as debt in the underlying statements, and for other elements that would distort the analysis of the Group’s underlying performance. 2 VFB Happening - Antwerp March 30, 2019

SOLVAY ID ~33% >70% >50% in each specialty in GDP+ region products markets Created by Ernest Solvay in 1863, Solvay is today all Automotive & aerospace Advanced Materials Europe Electrical & electronics Advanced Formulations North America about advanced materials and Resources & environment Performance Chemicals Latin America Agro, feed & food specialty chemicals Asia & RoW Consumer goods & healthcare Building & construction Industrial applications €10.3 bn €2.2 bn Top 3 27,000 people 125 ind. sites underlying net sales EBITDA market 21 R&I sites position 1 62 countries 50% sustainable Margin 22% solutions 2013 2014 2015 2016 2017 2019 [2] Including discontinued 17 Acquisitions 34 Divestments operations [1] Applicable to ~90% of portfolio 3 VFB Happening - Antwerp [2] Planned divestment of Polyamides March 30, 2019 Headcounts and number of sites include Polyamide business, accounted for in discontinued operations

WE COMMIT TO ANSWERING MEGA TRENDS Evolving demography Resource constraints Innovation and consumer behavior & demand for sustainability acceleration • New materials for smart cities • Global warming and climate • Information age & big data disruption • Ever more connected people • Acceleration of cycles • Green house gas emissions, product lifetime and • Innovations to drive next generation especially CO 2 innovation cycles mobility • Resource scarcity (food, energy, • Increased connectivity and water) mobility • Pollution and biodiversity loss 4 VFB Happening - Antwerp March 30, 2019

GIVING SHAPE TO A UNIQUE PORTFOLIO ADVANCED MATERIALS ADVANCED FORMULATIONS PERFORMANCE CHEMICALS 50% segment 43% of Group sales 30% of Group sales 27% of Group sales Polymer & Surface & Soda ash & Composite Liquid Peroxides technologies chemistry Aerospace Automotive Oil & Gas Mining Agro Electronics Healthcare Food Consumer goods Industrial Construction Next gen mobility Resource efficiency ~50% of Group sales Customer intimacy & Innovation edge & Talents & Sustainable chemistry & Market leadership Technology portfolio Business culture Solutions 5 VFB Happening - Antwerp March 30, 2019

BECAUSE OUR PLANET REQUIRES MORE SUSTAINABLE MOBILITY Doing more with less AUTOMOTIVE AEROSPACE BATTERIES Cleaner and more Enhanced Higher performance MORE energy-efficient lightweighting & fuel and energy storage mobility efficiency Reduce impact Reduce CO 2 Reduce cost LESS to environment emissions per kWh ~50% of Advanced Materials sales 6 VFB Happening - Antwerp March 30, 2019

WE ALSO MAKE PLANES LIGHTER & MORE EFFICIENT AERO 4.5 % 50 % >8,000 2 X Annual growth Record high Weight of composites Number of aircrafts expected in passenger traffic order backlog on new aircrafts vs <15% on legacy to double in 20 years BONDING & SURFACE MULTIFUNCTIONALITY COATINGS PRIMARY STRUCTURES SECONDARY STRUCTURES INTERIORS & GALLEYS ENGINES 7 VFB Happening - Antwerp March 30, 2019

WE MAKE CARS LIGHTER & MORE EFFICIENT AUTO 2.4 % ~30 % CAGR light vehicles CAGR hybrid & plug-in production in 5 years electric vehicles in ten years STRUCTURAL & SEMI-STRUCTURAL PARTS INTERIORS THERMAL & AIR INSULATION MANAGEMENT SYSTEMS ENERGY-EFFICIENT ENGINE TIRES COMPONENTS EMISSIONS CONTROL EXTERIORS & CHASSIS BRAKING VEHICLE ELECTRIFICATION SYSTEMS 8 VFB Happening - Antwerp March 30, 2019

WE ARE POSITIONED IN ALL AUTO PLATFORMS, AUTO OUTPACING THE INDUSTRY GROWTH BY 3X [1] (P)HEV EV ICE+ ~ 12 kg ~ 8 kg ~ 6 kg Increasing loading per car [2] Internal combustion engine Transmission Performance drives value proposal Electrical engine Battery Opportunity for composites Chassis / functional parts Technology shift Big opportunity for Solvay [1] For Solvay’s polymer & composite technologies 9 VFB Happening - Antwerp [2] Accessible market for Solvay polymer and composite technologies (excluding chassis / functional parts) March 30, 2019

BECAUSE RESOURCE CONSTRAINTS REQUIRE MORE EFFICIENT SOLUTIONS Doing more with less MINING OIL & GAS AGRO Higher throughput Maximize cost Targeted use MORE and yield of metals performance and of ingredients for & minerals fracturing efficiency seeds & crops Reduce impact Reduce Less clean to employees and environmental LESS water usage environment impact ~50% of Advanced Formulations sales 11 VFB Happening - Antwerp March 30, 2019

INNOVATION AT OUR CORE WITH STRONG CONNECTIONS TO ADVANCE SCIENCE Steering open innovation & collaboration 3.4% €352 m effort 264 patent applications R&I intensity 2,200 talents 21 R&I sites +100bp vs 2012 Ernest Solvay established first prestigious meetings of top 1911 Establishing world class R&I centers scientists* A worldwide Yearly investing €80 m in funds and start ups network of researchers connected to academic partners Brussels Lyon Ben Feringa, 2015 Laureate * Standing left to right: Goldschmidt, Planck, Rubens, Sommerfeld, Lindemann, de Broglie, Knudsen, Hasenöhrl, Hostelet, 15 VFB Happening - Antwerp Herzen, Jeans, Rutherford, Onnes, Einstein, Langevin March 30, 2019 Seated left to right: Nernst, Brillouin, Solvay, Lorentz, Warburg, Perrin, Wien, Curie, Poincaré

…IN A SUSTAINABLE WAY Contribute to society Among many initiatives, we Act worked with WBCSD to identify responsibly the SDGs most impacted by our industry Innovate sustainable solutions 2018 50% -1 Mt highlights GHG emissions absolute value Sustainable Solutions > Higher volume growth on average, higher social > Raising our ambition in absolute value to foster and environmental contribution to customer climate-friendly growth performance > Proactive engagement with key customers > Lower environmental impact in its production phase > Forefront of the chemical industry WBCSD: World Business Council for Sustainable Development 16 VFB Happening - Antwerp March 30, 2019

2018 ACHIEVEMENTS 17 VFB Happening - Antwerp March 30, 2019

WE DELIVERED SOLID ORGANIC GROWTH IN 2018 vs 2017 Underlying figures + 5.7% + 5.3% + 12% Organic growth Organic growth Continuing operations Net Sales EBITDA Earnings per share + 6% + 4.2% Continuing operations Free Cash Dividend Flow 18 VFB Happening - Antwerp March 30, 2019

CONSTANTLY FOCUSED TO RESPECT OUR COMMITMENTS Delivery 2016 - 2018 2016 - 2018 -20% GHG Intensity -24% kg CO 2 eq. Emissions / € EBITDA Mid-to-high single digit EBITDA growth +7.5% Underlying % yoy 40% Sustainable solutions 50% % Group Sales -10 % Accident rate -30% Acc. with medical treatment / m working hours >€2.4 bn Free Cash Flow €2.7bn cumulative 75% Employee engagement 76% Index 25% Societal actions + 0.5 – +1.0 pp CFROI 33% +0.8pp % employees involved increase 19 VFB Happening - Antwerp March 30, 2019

WHILE CREATING VALUE FOR SOLVAY’S SHAREHOLDERS Underlying EPS Free cash flow to Solvay Dividend shareholders (in €) (in €) 3.75 725 3.60 10.57 3.45 (in € m) 3.30 9.08 8.19 527 7.40 466 148 [1] 2015 PF 2016 2017 2018 2015 PF 2016 2017 2018 2015 PF 2016 2017 2018 +13% CAGR +70% CAGR +4.4% CAGR 20 VFB Happening - Antwerp [1] Recommended dividend March 30, 2019

2019 OUTLOOK Free Cash EBITDA growth Flow Underlying at constant scope and forex  Modest EBITDA growth in FY 2019 [1]  Solid FCF, expected to continue to  Q1 broadly flat versus Q1 2018 [2] deleverage the balance sheet [1] Organic growth, excluding scope & forex conversion effects, vs 2018 pro forma EBITDA of €2,330m 21 VFB Happening - Antwerp [2] Organic growth, excluding scope & forex conversion effects, vs 2018 pro forma EBITDA of €558m March 30, 2019

IN 2019, WE OPEN A NEW CHAPTER IN SOLVAY’S HISTORY LED BY A NEW CEO Customer intimacy Operational Simplification excellence Ilham Kadri, CEO Since March 1, 2019 Excellence center Customer experience Employee Experience 22 VFB Happening - Antwerp March 30, 2019