Solvay
2019 Annual Integrated Report

2019 at a glance

Key figures

GRI Disclosures

Solvay is a science company whose technologies bring benefits to many aspects of daily life. With more than 24,100 employees in 64 countries, Solvay bonds people, ideas and elements to reinvent progress. The Group seeks to create sustainable shared value for all, notably through its Solvay ONE Planet plan crafted around three pillars: protecting the climate, preserving resources and fostering better life. The Group’s innovative solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices, health care applications, water and air purification systems. Founded in 1863, Solvay today ranks among the world’s top three companies for the vast majority of its activities.

Solvay around the world

€3.1 bn

Net Sales

6,175

Employees

39

Industrial Sites

7

Major R&I Centers

€2.9 bn

Net Sales

11,264

Employees

44

Industrial Sites

9

Major R&I Centers

€3.2 bn

Net Sales

4,411

Employees

24

Industrial Sites

4

Major R&I Centers

€10.2 bn

Net Sales

24,100

Employees

64

Countries

115

Industrial Sites

21

Major R&I Centers

€1.2 bn

Net Sales

2,305

Employees

8

Industrial Sites

1

Major R&I Center

Our Research & Innovation in figures

2,100

Employees

€336 million

R&I effort

18%

New sales ratio*

75%

of R&I pipeline revenue to be from “Sustainable solutions”

* % of products/applications < 5 years

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Financial indicators

Underlying EBITDA

2,322million

-2.8% organic basis1

1: Organic growth excludes forex conversion and scope effects, as well as the effect from the implementation of IFRS 16. Reported growth compares to the published 2018 pro forma figures, adjusted for the implementation of IFRS 16.

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Free cash flow conversion2

27.8%

+1.8 pp

2: Free cash flow to Solvay shareholders is the free cash flow after payment of net interests, coupons of perpetual hybrid bonds and dividends to non-controlling interests. This represents the cash flow available to Solvay shareholders, to pay their dividend and/or to reduce the net financial debt. The free cash flow conversion ratio is calculated as the ratio between the free cash flow to Solvay shareholders (before netting of dividends paid to non-controlling interest) and underlying EBITDA.

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ROCE3

8.1%

-0.1 pp

3: Return on Capital employed.

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Dividend4

3.75per share

Stable

4: Recommended to the Shareholders meeting on May 12, 2020

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Social and environmental indicators

Greenhouse gas emissions5

12 Mt CO2eq.

-5% compared to 2018, at constant scope

5: total emissions (scopes 1 and 2).

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Sustainable solutions (SPM)

53%

of Group sales

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Occupational accidents at Group sites6

0.44

per million hours worked
-18% compared to 2018

6: Rate of accidents with medical treatment, with or without work stoppage.

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Employees involved in societal actions

47%

of employees

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