Solvay Investor Presentation — July 2019

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Investor relations Second Quarter

& First Half 2019 Results FORENOTE

2 July 31, 2019 Q2 & H1 2019 Results IFRS 16 has been implemented in the Group’s financial statements since January 1, 2019. Comparative information for the

first quarter of 2018 in the business review is presented on an unaudited pro forma basis as if the implementation had taken

place on January 1, 2018. This information is labelled “pro forma” or “PF”. The balance sheet evolution is compared with

January 1, 2019, which includes the IFRS 16 impact versus December 31, 2018.

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.

Strong delivery in Q2

Inventory reduction in

Q2 compensating for Q1

increase Volumes impacted by headwinds in automotive,

electronics and oil & gas

Positive net pricing partly offset lower volumes,

higher raw materials and fixed costs EBITDA

Underlying, yoy Margin

EBITDA / net sales H1 RESULTS IN LINE WITH EXPECTATIONS

AMID CHALLENGING MACRO CONDITIONS

3 July 31, 2019 Q2 & H1 2019 Results [1] Reported growth compares to pro forma 2018 figures, excluding the impact of IFRS 16

[2] Organic growth excludes scope and forex conversion effects, as well as the impact of IFRS 16

[3] Free cash flow after financing payments and minority interests Macro

Headwinds continued

Delivered results in line

with our expectations

diversified portfolio

Benefited from focus on

cash, costs & pricing

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