Covestro : 2021 ESG Investor Presentation June 2021

We Will Be Fully Circular

Sustainability @ Covestro June 2021

covestro.com

ESG @ Covestro │ 2021

Inventor and leader in high-tech material solutions

Covestro at a glance

WHAT WE DO

Covestro is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life.

The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics and health.

Together with our partners and customers, we are taking big steps to tackle a fundamental challenge: Shifting towards a Circular Economy.

To achieve this bold goal, we are innovating efficient ways to close energy and material cycles. We are pushing boundaries in polymers.

WHAT WE STRIVE FOR

PurposeVision

To make the world a		We will be
brighter place		fully circular

ValuesGoals

Curious,	Financial 2021 and
courageous,	non-financial 2025 goals
colorful

€10.7bn

Sales 2020

16,500

Employees (in FTE) 2020

#1

Global producer of PU and its derivatives as well as PC(a)

2	ESG @ Covestro │ 2021	Notes:	(a) Based on total combined nameplate capacity for MDI, TDI and polyether polyols at year end 2020 as per Covestro estimates;
			PU = Polyurethanes; PC = Polycarbonates

Number one producer globally and inventor of polyurethanes

Polyurethanes (PUR) at a glance

Products

Polyurethane rigid foam is an excellent insulation material and adds to high energy efficiency in cooling units and buildings.

As soft foam polyurethane provides comfort, for example in mattresses, car seats and upholstery.

Covestro develops and produces the components of this versatile material.

Key customer industries:

Sample applications

For comfortable			For sustainable
cars			houses

For cozy	For robust
furniture	sports equipment

1.4%

Core volume

CAGR in 2015 - 2020(a)

€5.0bn

Sales 2020

€625m

EBITDA 2020

3ESG @ Covestro │ 2021Notes: Industry position based on total combined nameplate capacity for MDI, TDI and polyether polyols at year end 2019 as per Covestro estimates

(a) Figures adjusted to reflect the transfer of the specialty elastomers business from the PUR segment to the CAS segment as of January 1, 2018 Core volume CAGR impacted by negative year-on-year core volume growth in 2020 as a result of the Coronavirus pandemic.

Number one producer globally and inventor of polycarbonates

Polycarbonates (PCS) at a glance

Products

As a true high-tech material, polycarbonate is not only very robust, break-proof and light-weight, but also offers a high degree of design flexibility.

Polycarbonate is available in all colors ranging from crystal clear to deep black. It is an excellent substitute for traditional material such as glass or metal.

This allows for a wide variety of application possibilities ranging from vehicles to smartphones and laptops as well as lenses or large roofs.

Key customer industries:

Sample applications

For trendy			For bright
smartphones			buildings

For light-weight	For safe
cars	medical products

3.5%

Core volume

CAGR in 2015 - 2020

€3.0bn

Sales 2020

€553m

EBITDA 2020

4	ESG @ Covestro │ 2021	Notes:	Industry position based on nameplate capacity at year end 2019 as per Covestro estimates
			Core volume CAGR impacted by negative year-on-year core volume growth in 2020 as a result of the Coronavirus pandemic.

Performance materials for coatings, adhesives and specialties

Coatings, Adhesives, Specialties (CAS) at a glance

Products

There is a vast application range of coatings and finishes made of Covestro polyurethane raw materials. They are used for protection and decoration.

In addition, the company produces pre-products for adhesives, sealants and elastomers as well as specialty films.

Coating, Adhesives, Specialties (CAS) also supplies materials for cosmetics, textiles and medical goods.

Key customer industries:

Sample applications

For long-lasting			For robust
cosmetics			floors

For fancy	For functional
cars	textiles

-1.2%

Core volume

CAGR in 2015 - 2020(a)

€2.0bn

Sales 2020

€341m

EBITDA 2020

5	ESG @ Covestro │ 2021	Notes:	(a) Figures adjusted to reflect the transfer of the specialty elastomers business from the PUR segment to CAS segment as of January 1, 2018
			Core volume CAGR impacted by negative year-on-year core volume growth in 2020 as a result of the Coronavirus pandemic.