2022 results at a glance

Revenue by destination

Financial summary

10,846

mln revenue

708

mln

789

mln adjusted operating income*

35,200

employees

Sustainable solutions

40%

Sustainable solutions development

in % of revenue

Adjusted EBITDA*

1,157 mln

Adjusted EBITDA development*

in € millions

Return on sales (ROS)*

7.3%

Return on sales development*

in %

Thierry Vanlancker, CEO and Chairman of the Board of Management and Executive Committee – signature (handwriting)

Return on investment (ROI)*

9.8%

Return on investment development*

in %

Alternative performance measures (APM) AkzoNobel uses APM adjustments to the IFRS measures to provide supplementary information on the reporting of the underlying developments of the business. APM include, but are not limited to, adjusted operating income, (adjusted) , adjusted earnings per share, and . A reconciliation of the to the most directly comparable IFRS measures can be found in Note 4 of the Consolidated financial statements.

Operating income

Operating income is defined in accordance with IFRS and includes the relevant identified items. Adjusted operating income excludes identified items.

Earnings per share

Net income attributable to shareholders divided by the weighted average number of common shares outstanding during the year. Adjusted earnings per share are the basic earnings per share, excluding identified items and taxes thereon.

EBITDA

Operating income excluding depreciation and amortization.

ROS (return on sales)

ROS is adjusted operating income as a percentage of revenue.

ROI (return on investment)

ROI is adjusted operating income of the last 12 months as a percentage of average invested capital.

Alternative performance measures (APM)

AkzoNobel uses APM adjustments to the IFRS measures to provide supplementary information on the reporting of the underlying developments of the business. APM include, but are not limited to, adjusted operating income, (adjusted) EBITDA, adjusted earnings per share, ROS and ROI.