Content

1. ACTIVITY REPORT- FIRST HALF 2022

H1 2022 PERFORMANCE

4

INVESTMENT CYCLE

19

RISK FACTORS

21

2022 OUTLOOK

23

APPENDICES

24

2. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

33

3. CERTIFICATION BY THE PERSON RESPONSIBLE FOR THE FIRST HALF FINANCIAL REPORT

PERSON RESPONSIBLE FOR THE FIRST HALF FINANCIAL REPORT

51

CERTIFICATION BY THE PERSON RESPONSIBLE FOR THE FIRST HALF FINANCIAL REPORT

51

First Half 2022

Financial Report

A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 75 countries with approximately 66,400 employees and serves more than 3.8 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide's scientific territory and have been at the core of the Company's activities since its creation in 1902.

Taking action today while preparing the future is at the heart of Air Liquide's strategy. With ADVANCE, its strategic plan for 2025, Air Liquide is targeting a global performance, combining financial and extra-financial dimensions. Positioned on new markets, the Group benefits from major assets such as its business model combining resilience and strength, its ability to innovate and its technological expertise. The Group develops solutions contributing to climate and the energy transition-particularly with hydrogen-and takes action to progress in areas of healthcare, digital and high technologies.

Air Liquide's revenues amounted to more than 23 billion euros in 2021. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX 50 et FTSE4Good indexes.

This document is a non-binding « free » translation from French into English and has no legal value other than an informative one. Should there be any difference between the French and the English version, only the text in French language shall be deemed authentic and considered as expressing the exact information published by Air Liquide.

FIRST HALF FINANCIAL REPORT AS OF JUNE 30, 2022 | AIR LIQUIDE | 1

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| FIRST HALF FINANCIAL REPORT AS OF JUNE 30, 2022 | AIR LIQUIDE

1. ACTIVITY REPORT

H1 2022 PERFORMANCE

4

APPENDICES

24

Key figures

7

Performance Indicators

24

Income Statement

8

Calculation of performance indicators (Semester)

25

Change in Net debt

18

Calculation of performance indicators (Quarter)

28

INVESTMENT CYCLE

19

2nd quarter 2022 revenue

28

RISK FACTORS

21

Geographic and segment information

29

2022 OUTLOOK

23

FIRST HALF FINANCIAL REPORT AS OF JUNE 30, 2022 | AIR LIQUIDE | 3

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Air Liquide SA published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 15:56:05 UTC.